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Q2 2026 Results July 22, 2026 1
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Cautionary note 2 The following materials are for presentation purposes only. They accompany the discussions held during Rogers Communications Inc.’s (Rogers) investor conference call on July 22, 2026. Certain statements made in this presentation, including, but not limited to, statements relating to expected future events, financial and operating results, guidance, including our 2026 consolidated guidance on total service revenue, adjusted EBITDA, capital expenditures, and free cash flow, 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 various 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 in Rogers’ 2025 Annual Report and Rogers’ Q2 2026 MD&A, as filed with securities regulators at sedarplus.ca and sec.gov, and also available at about.rogers.com/investor-relations. 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 Rogers’ 2025 Annual Report and Rogers’ Q2 2026 MD&A for more information about these measures. 1 Adjusted EBITDA is a total of segments measure. 2 Mobile phone ARPU, adjusted EBITDA margin, and capital intensity are supplementary financial measures. 3 Adjusted diluted earnings per share attributable to RCI shareholders is a non-GAAP ratio. Adjusted net income attributable to RCI shareholders is a non-GAAP financial measure and a component of adjusted diluted earnings per share attributable to RCI shareholders. 4 Free cash flow, available liquidity, and debt leverage ratio are capital management measures. 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. Trademarks in this presentation are owned or used under license by Rogers Communications Inc. or an affiliate. This presentation also includes trademarks of third parties. The trademarks referred to in this presentation may be listed without the symbols. ©2026 Rogers Communications.
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3 President and CEO Tony Staffieri Today’s speakers Chief Financial Officer Glenn Brandt
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4 • Delivered strong consolidated service revenue and adjusted EBITDA growth, up 8% and 3%, respectively • Generated strengthening free cash flow of $982 million • Delivered significant decline in capital intensity, declining 350 basis points to 12.4% - the lowest capital intensity ratio since Q1’2008 • Continued growth in Wireless and Cable adjusted EBITDA, margin improvement of 70 basis points and 10 basis points, respectively • Strong base management delivered mobile phone net additions of 40,000, including 22,000 postpaid, and postpaid mobile phone churn of 0.94% - an improvement of 6 basis points year-over-year • Rogers continues to deliver Cable service revenue growth, up 1%, alongside strong retail Internet net additions of 17,000 • Robust sports and media financials - revenue of $1.2 billion, up 53%; organic revenue up 13% excluding impact from MLSE • Company completes next stage of sports monetization strategy with agreement to buy remaining 25% minority stake in MLSE Q2 highlights
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5 Q2 consolidated results Q2’26Q2’25 ($M) 2,4422,362 Total service revenue +8% Q2’26Q2’25 ($M) 5,0554,668 Adjusted EBITDA1 +3% Q2’2026
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6 Q2’26Q2’25 ($M) 1,9901,999 Q2’26Q2’25 ($) 54.2555.45 Q2’26Q2’25 ($M) 1,3131,305 Q2’26Q2’25 (%) Q2’26Q2’25 (‘000s) 4061 Q2’26Q2’25 (%) 0.941.00 Q2 Wireless results Service revenue - Adjusted EBITDA +1% Adjusted EBITDA Margin2 +70bps Mobile phone ARPU2 (2%) Mobile phone net adds 40K Postpaid mobile phone churn (6bps) 66.065.3
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7 Q2’26Q2’25 ($M) 1,9741,961 Q2’26Q2’25 ($M) 1,1581,147 Q2’26Q2’25 (‘000s) 1726 Q2 Cable results Q2’26Q2’25 (%) 58.458.3 Service revenue +1% Adjusted EBITDA +1% Adjusted EBITDA Margin2 +10bps Retail Internet net adds 17K
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8 ($M) 1,155757 Q2 Media results Revenue +53% Adjusted EBITDA +$61M ($M) 8 69 Q2’26Q2’25 Q2’26Q2’25
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9 Q2 capital expenditures Capital expenditures (16%) Capital intensity2 (350bps) Q2’26Q2’25 ($M) 695831 Q2’26Q2’25 (%) 12.415.9 Q2’2026
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Summary Q2 consolidated results 10 Total service revenue 5,055 8% Adjusted EBITDA1 2,442 3% Adjusted EBITDA margin2 43.5% (1.8pts) Net (loss) income attributable to RCI shareholders (726) n/m Diluted (loss) earnings per share attributable to RCI shareholders ($1.37) n/m Adjusted net income attributable to RCI shareholders3 640 3% Adjusted diluted earnings per share attributable to RCI shareholders3 $1.15 1% Capital expenditures 695 (16%) Capital intensity2 12.4% (3.5pts) Cash provided by operating activities 1,517 (5%) Free cash flow4 982 6% In millions of dollars, except margins and per share amounts Q2’26 % Change
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11 Available liquidity4 of $6.1B Weighted average interest rate of 4.92% with average term to maturity of 8.3 years Debt leverage ratio4 3.8x Q2 financial position
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12 Note: For further information, please see the "About Forward-Looking Information" section in our Q1 MD&A and in our 2025 Annual MD&A. (In millions of dollars, except percentages) 2025 Actual 2026 Guidance Ranges Total service revenue $19,104 Increase of 3% to 5% Adjusted EBITDA1 $9,820 Increase of 1% to 3% Capital expenditures $3,707 $2,500 to $2,700 Free cash flow4 $3,356 $4,100 to $4,300 2026 Guidance
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Q2 2026 Results July 22, 2026 13