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Investor Presentaiton

Consolidated financial results Rogers Communications Inc. Consolidated Financial Results (unaudited) 2020 (In millions of dollars, except per share amounts) Annual Q4'20 Q3'20 Q2'20 Q1'20 2019 Annual Q4'19 Q3'19 Q2'19 Q1'19 Revenue Wireless 8,530 2,291 2,228 1,934 2,077 9,250 2,493 2,324 2,244 2,189 Cable 3,946 1,019 988 966 973 3,954 987 994 997 976 Media 1,606 409 489 296 412 2,072 530 483 591 468 Corporate items and intercompany eliminations (166) (39) (40) (41) (46) (203) (58) (47) (52) (46) Revenue 13,916 3,680 3,665 3,155 3,416 15,073 3,952 3,754 3,780 3,587 Total service revenue 11,955 3,023 3,086 2,797 3,049 12,965 3,244 3,233 3,345 3,143 Adjusted EBITDA 2 Wireless 4,067 1,034 1,089 918 1,026 4,345 1,064 1,138 1,128 1,015 Cable 1,935 520 508 454 453 1,919 497 499 478 445 Media 51 82 89 (35) (85) 140 22 130 72 (84) Corporate items and intercompany eliminations (196) (46) (48) (43) (59) (192) (53) (55) (43) (41) Adjusted EBITDA 5,857 1,590 1,638 1,294 1,335 6,212 1,530 1,712 1,635 1,335 Deduct (add): Depreciation and amortization 2,618 666 663 650 639 2,488 638 627 614 609 Restructuring, acquisition and other 185 73 49 42 21 139 38 42 39 20 Finance costs 881 228 219 214 220 840 230 215 206 189 Other expense (income) 1 2 6 7 (14) (10) (12) 16 (1) (13) Net income before income tax expense 2,172 621 701 381 469 2,755 636 812 777 530 Income tax expense 580 172 189 102 117 712 168 219 186 139 1,592 449 512 279 352 2,043 468 593 591 391 Net income Earnings per share: Basic Diluted Net income Add (deduct): Restructuring, acquisition and other Loss on repayment of long-term debt Income tax impact of above items Income tax adjustment, legislative tax change Adjusted net income 2 Adjusted earnings per share 2: Basic Diluted 1 See "Key Performance Indicators". $3.15 $0.89 $1.01 $0.55 $0.70 $3.13 $0.89 $1.01 $0.54 $0.68 1,592 449 512 279 185 73 49 42 (49) (19) (13) (11) (3) (3) 1,725 500 548 310 ༄༅་ལྷ་ས།༄ །g $3.99 $0.92 $1.16 $1.15 $0.76 $3.97 $0.92 $1.14 $1.15 $0.76 2,043 468 593 591 391 139 38 42 39 20 19 19 (43) (14) (13) (10) (6) (23) (23) 2,135 511 622 597 405 $3.42 $3.40 $0.99 $0.99 $1.09 $1.08 $0.61 $0.60 $0.73 $0.71 $4.17 $1.00 $4.15 $1.00 $1.22 $1.19 $1.17 $0.79 $1.16 $0.78 24 2 Adjusted EBITDA and adjusted net income are non-GAAP measures and should not be considered substitutes or alternatives for GAAP measures. These are not defined terms under IFRS and do not have standard meanings, so may not be a reliable way to compare us to other companies. See "Non-GAAP Measures and Related Performance Measures" for information about these measures, including how we calculate them and the ratios in which they are used.
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