#1Investor Presentation August 2022 ROGERS 56#2Cautionary note The following materials are for presentation purposes only. These materials should be read in conjunction with the disclosure documents referenced below. Certain statements made in this presentation, including, but not limited to, statements relating to expected future events, financial and operating results, guidance, objectives, plans, strategic priorities and other statements that are not historical facts, are forward-looking. By their nature, forward-looking statements require Rogers' management to make assumptions and predictions and are subject to inherent risks and uncertainties, thus there is risk that the forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results and events to differ materially from that expressed in the forward-looking statements. Accordingly, our comments are subject to the disclaimer and qualified by the assumptions and risk factors referred to in Rogers' 2021 Annual Report and Rogers' Second Quarter 2022 Management Discussion and Analysis (MD&A), as filed with securities regulators at sedar.com and sec.gov, and also available at investors.rogers.com. The forward-looking statements made in this presentation and discussion describe our expectations as of today and, accordingly, are subject to change going forward. Except as required by law, Rogers disclaims any intention or obligation to update or revise forward-looking statements. This presentation includes non-GAAP financial measures and other specified financial measures (as described below) that are not standardized under IFRS and might not be comparable to similar financial measures disclosed by other companies. See "Non-GAAP and Other Financial Measures" in our 2021 Annual MD&A and Second Quarter 2022 MD&A for more information about these measures, available at www.sedar.com and investors.rogers.com. 1. Adjusted EBITDA is a total of segments measure. 2. Mobile phone ARPU, adjusted EBITDA margin, and capital intensity are supplementary financial measures. 3. Free cash flow and debt leverage ratio are capital management measures. 4. Free cash flow excluding Shaw financing is a non-GAAP measure. 5. Adjusted diluted earnings per share is a non-GAAP ratio. Adjusted net income is a component of adjusted diluted earnings per share and is a non-GAAP measure. This presentation discusses certain key performance indicators used by Rogers, including total service revenue (total revenue excluding equipment revenue in Wireless and Cable) and subscriber counts. Descriptions of these indicators can be found in the disclosure documents referenced above. TM Trademarks of or used under licence from Rogers Communications Inc. or an affiliate. All other trademarks are the property of their respective owners. ©2022 Rogers Communications.#3Diversified Canadian technology & media company Largest wireless provider and the first wireless provider to launch 5G in Canada Internet speeds of up to 2.5 Gbps available in select areas and 1 Gbps across entire cable footprint. Canada's largest cable TV provider Media focused on Canada's largest sports entertainment portfolio 96% of Canada's population reached through our products & services As at December 31, 2021 Bal ty BOUER ~23,000 employees nationwidei#4Diversified revenue streams $14.7 Total revenue 2021 Adjusted EBITDA1 2021 Wireless 59% $5.9 Billion Cable 28% Billion Wireless 69% Cable 33% Media 13% Media (2)% Revenue streams grounded in Wireless and Internet#5Largest wireless service provider in Canada Total revenuei $8.8 Billion Service 76% Equipment 24% Three strong brands to attract a broad customer base ROGERS. fidon chatr MOBILE Adjusted EBITDA service margini of 63.2% Largest wireless service provider in Canada Canada's first and largesti 5G network 10.2M Mobile phone subscribersii Launched the first commercial 5G standalone network in Canada, bringing network slicing capabilities and lower latency, expanding Rogers' 5G footprint, and supporting future enterprise and consumer applications in March 2022 Announced we were the first service provider in Canada to deploy 3500 MHz spectrum to increase 5G network capacity, boost speeds, and deliver ultra-low latency services in June 2022 For the year ended December 31, 2021 "As at June 30, 2022#6. . Extensive cable footprint in Canada Total revenue $4.1B Adjusted EBITDA margini of 49.4% Ignite Gigabit Internet service available across our entire Cable footprint Enhanced Cable offerings with Ignite TV - an all-IPTV platform licensed from Comcast Introduced new fibre-powered Ignite Internet™ packages and bundles in select areas, with symmetrical download and upload speeds of up to 2.5 Gbps, with existing Ignite Internet Gigabit 1.5 customers upgraded at no extra cost. Announced successful trials of download and upload speeds of up to 8 gigabits per second (Gbps) on our fibre-powered network Largest cable footprint across Ontario, New Brunswick, Nova Scotia, and Newfoundland with 4.8M homes passed Ontario is home to ~40% of Canada's population 2.6M Customer relationshipsii 2.3M Retail Internet subscribersi 55% Penetration ¡For the year ended December 31, 2021 "As at June 30, 2022#7Coveted Media and Sports assets Focused on live sports and local content SN Sportsnet Canada's #1 sports media brand NHL BLU TORONTO JAYS 680 NEWS Exclusive national licensing agreement until 2026 Owner of the Toronto Blue Jays baseball club JACK Citytv 96.9 Kiss 92.5 BT 98.1 CHFI FOURMOMENT#8Strong financial position Debt leverage ratio.3 of 3.2x Weighted average interest rate of 4.26% with average term to maturity of 12.3 years As at June 30, 2022#92022 Financial Guidance Notes: 2021 Result 2022 Guidance Total service revenue $12,533M Increase of 6% to 8% Adjusted EBITDA $5,887M Increase of 8% to 10% Capital expenditures $2,788M $2,800M to $3,000M Free cash flow excluding Shaw financing4 $1,671M $1,900M to $2,100M For further information, please see the "Financial Guidance" section of our Second Quarter 2022 MD&A#10Shaw Transaction • • On March 15, 2021, we announced an agreement with Shaw to acquire all of Shaw's issued and outstanding Class A Participating Shares and Class B Non-Voting Participating Shares for a price of $40.50 per share in cash, with the exception of the shares held by the Shaw Family Living Trust, the controlling shareholder of Shaw, and related persons (Shaw Family Shareholders). The Shaw Family Shareholders will receive 60% of the consideration for their shares in the form of RCI Class B Non-Voting common shares on the basis of the volume-weighted average trading price for such shares for the ten trading days ended March 12, 2021, and the balance in cash. The Transaction is valued at approximately $26 billion, including the assumption of approximately $6 billion of Shaw debt. Shareholders of Shaw voted in favour of acquisition in May 2021. Regulatory Approval Status: • • • Closing subject to regulatory approval from 3 separate regulators in Canada; CRTC (broadcast licences), ISED (spectrum), and Competition Bureau (competition review for Wireless / Cable / Broadcasting industries in Canada). о о Transfer of the broadcast distribution undertaking licences approved by CRTC in March 2022. In May 2022, the Competition Bureau announced it had filed applications to the Competition Tribunal opposing the Transaction and requesting an injunction to prevent closing of the Transaction until the Competition Bureau's application to challenge the transaction could be decided. Rogers and Shaw intend to continue to seek opportunities to work constructively with the Competition Bureau in an effort to reach a negotiated settlement. The Transaction continues to be reviewed by the Competition Bureau and ISED. GERS ROGERS OHE Shaw) FIS#11Appendix: Q2 2022 Highlights#12Q2 consolidated results In millions of dollars, except percentages and per share amounts % Change Total service revenue increase reflects the continued COVID-19 recovery, return of travel, a larger customer base, and higher advertising and sports-related revenue Adjusted EBITDA increase primarily driven by the flow-through of Wireless, benefit of modest price increases on Cable, and higher Media revenue Q2'22 Total service revenue 3,443 10 Adjusted EBITDA¹ 1,592 16 Adjusted EBITDA margin² 41.2 2.8pts Net income 409 35 Diluted EPS $0.76 27 Adjusted net income 463 20 Adjusted diluted EPS5 0.86 13 Capital expenditures 778 8 Capital intensity² 20.1% Free cash flow³ 344 14 Free cash flow excluding Shaw financing 451 49 Cash provided by operating activities 1,319 30 Free cash flow increase due to higher adjusted EBITDA and lower cash income taxes, partially offset by higher interest cost on borrowing#13Q2 Wireless results +11% Service revenue ($M) ($M) 1,791 1,616 +11% Adjusted EBITDA Adj. EBITDA service margin 1,008 1,118 (%) ($) 62.4 62.4 +6% Mobile phone ARPU² 58.83 55.67 Q2'21 Q2'22 Q2'21 Q2'22 Q2'21 Q2'22 Q2'21 Q2'22#14Q2 Cable results +3% Revenue +6% Adjusted EBITDA +25K Video net adds +2% Customer relationships ($M) ($M) 1,041 520 1,013 492 (K) (K) 2,603 2,543 21 (4) Q2'21 Q2'22 Q2'21 Q2'22 Q2'21 Q2'22 Q2'21 Q2'22#15Q2 Media results ($M) +21% Revenue +$77M Adjusted EBITDA 659 546 ($M) 2 Q2'21 Q2'22 -75 Q2'21 Q2'22#16Investor Presentation August 2022 ROGERS 56