annual general meeting of shareholders...2012 actuals $4,834 $4,865 to $5,050 1% to 5% 2013 range...

Annual General Meeting of Shareholders

April 23, 2013

Certain Slides Updated July, 2013

Alan Horn Chairman of the Board of Directors

3

Agenda

Opening Remarks – Alan Horn, Chairman

Business of the Meeting – Alan Horn, Chairman

CEO’s Remarks – Nadir Mohamed, CEO

Financial Review – Tony Staffieri, CFO

Questions & Answers

Reception with Directors & Officers

2013 Annual Meeting of Shareholders

4

Agenda

Opening Remarks – Alan Horn

Business of the Meeting – Alan Horn

CEO’s Remarks – Nadir Mohamed

Financial Review – Tony Staffieri

Questions & Answers



Cautionary Note

Certain statements made in this presentation, including, but not limited to, statements relating to expected future events, financial & operating results, guidance, objectives, plans, strategic priorities & other statements that are not historical facts, are forward-looking. By their nature, forward-looking statements require Rogers’ management to make assumptions & predictions & are subject to inherent risks & 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 & events to differ materially from that expressed in the forward-looking statements. Accordingly our comments are subject to the disclaimer & qualified by the assumptions & risk factors referred to in Rogers’ 2012 annual MD&A, as filed with securities regulators at sedar.com & sec.gov, & also available at rogers.com/investors. The forward-looking statements made in this presentation & discussion describe our expectations as of today &, 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. In addition, this presentation includes non-GAAP measures including adjusted operating profit, adjusted net income, adjusted EPS, & pre & after tax free cash flow. Descriptions of these measures & why they are used can be found in the disclosure documents referenced above & a reconciliation of them to IFRS measures can be found later in this presentation as an addendum.

Slide Updated July, 2013

6

Nadir Mohamed

Then and now….

7

Agenda





Questions & Answers



Nadir Mohamed President & Chief Executive Officer

9

Positioning Rogers for What’s Next

• Welcome & Introduction

10


• Our Performance


11


• Our Performance

• Our Game Plan


12


• Our Performance

• Our Game Plan

• Conclusion


13

Agenda





Questions & Answers



Tony Staffieri Executive Vice President & Chief Financial Officer

15

2012 - Quarterly Financial Growth Profile

Financial trajectory improved throughout year & guidance targets met

FY Adjusted Operating Profit - $4.8B FY Revenue - $12.5B

3%

1%

2%

0%

-1%

1Q12 2Q12 3Q12 1Q13

8%

3%

5%

0%

-6%

1Q12 2Q12 3Q12 1Q13

(1%)

0%

1%

3%

(6%)

3%

5%

7%

3%

4Q12

8%

4Q12

16

2012 Performance Against Targets

Solid performance in challenging competitive & economic environment

2012 Guidance Ranges 2012 Actuals Achievement

Adjusted Operating Profit

Additions to PP&E

Pre-Tax Free Cash Flow

Cash Income Taxes

$4,730 to $4,915

$2,075 to $2,175

$1,950 to $2,050

$425 to $475

$4,834

$2,142

$2,029

$380

Exceeded Met

17

Growth in Earnings

Share buybacks have further accelerated adjusted EPS growth

Adjusted Net Income & Earnings Per Share

$2.53

$1.99

2008 2009

$2.94

2010

$3.17

2011

$3.43

2012

$1.79

Adjusted Net Income Adjusted EPS

$2.50

$3.00

$3.50

$1.50

$2.00

$1.00

$1.70

$1.57

$1.27

$1.74

$B

18

Significant Cash Returns to Shareholders

Buybacks have further supported dividend increases & EPS accretion

Annualized Dividend

$1.16

$1.00

2008 2009

$1.28

2010

$1.42

2011

$1.74

2013

Share Buybacks in 2012

Amount

Shares repurchased % of float Average price per repurchased share

$350M

9.6M 3% $36.32

$1.58

2012

19

6%

7%

8% 7.98

Weighted Average Cost of Long-term Debt

Lower cost of debt enables greater shareholder returns & financial flexibility

Cost

of

Debt

2007 2008 2009 2010 2006

7.53%

7.29%

7.27%

6.68%

• Reduced our cost of long-term debt by 221 basis points since 2006

• $9.4B of new issues & $3.0B of redemptions & maturities over past 5 years

• $3.9B liquidity available at end of quarter

2011

6.22%

2012

6.06%

5.77%

1Q13

20

Above Market Shareholder Returns

A long-term record of above market shareholder returns

20%

One-Year Comparative Total Return

RCI.b

on

TSX

S&P/TSX

Composite

Index

S&P

500

Index

TSX

Telecom

Index

S&P 500

Telecom

Index

7%

16%

12%

18%

654%

Ten-Year Comparative Total Return

RCI.b

on

TSX

S&P/TSX

Composite

Index

S&P

500

Index

TSX

Telecom

Index

S&P 500

Telecom

Index

141%

99%

254%

109%

2003 to 2012 2012

21

2013 Financial Guidance

Continued growth & profitability in a highly competitive environment

Pre-tax Free Cash Flow Adjusted Operating Profit

2012

Actuals

$4,834 $4,865 to $5,050 1% to 5%

2013

Range

2013

Guidance

2012

Actuals

2,029 2,030 to 2,090 0% to 3%

2013

Guidance

2013

Range

Additions to PP&E

2012

Actuals

2,142 2,150 to 2,250 0% to 5%

2013

Range

2013

Guidance

Cash Income Taxes

2012

Actuals

380 650 to 700 71% to 84%

2013

Range

2013

Guidance

Up to

3%

Up to

5%

Flat to

up

5%

Up

~$300M

Annualized Dividend

Up

10%

2012

$1.58

2013

$1.74

22 22

First Quarter 2013 Highlights

Balanced performance in a challenging competitive & economic environment

YoY

($M's except per share data) 1Q13 Change

Consolidated Revenue 3,027$ 3%

Wireless Network Revenue 1,683$ 4%

Cable Revenue 861$ 4%

Media Revenue 341$ (4%)

Postpaid ARPU 68.56 2%

Postpaid Churn 1.22% +4bp

Smartphones as % of Postpaid Base 71% 18%

Wireless Data Revenue 762$ 22%

Cable Service Unit Adds 18 +25

Cable Internet Revenue 277$ 15%

Consolidated Adjusted Operating Profit 1,179$ 8%

Consol. Adjusted Operating Profit Margin 38.9% +170bp

Adjusted Earnings Per Share (Diluted) 0.80$ 18%

Pre-Tax Free Cash Flow Per Share 1.05$ 13%

Annualized Dividends Per Share 1.74$ 10%

23 23

Financial Strength

• Committed $2.0B undrawn bank credit facility at 03/31/13, with cash of $1.4B & $500M available under A/R securitization

• No material near term debt maturities

• ~$2B pre-tax free cash flow generation

• Dividend to after-tax free cash flow payout ratio at ~65%

• Conservative leverage with net debt to adjusted operating profit at ~2.3x

• Investment grade credit ratings at all three rating agencies

• Consistent & significant returns of cash to shareholders

An investment grade balance sheet with significant available liquidity

24

Agenda





Questions & Answers



25





Questions & Answers



Agenda

26

Reconciliation of Non-GAAP Measures - Addendum

Reconciliation of Non-GAAP Measures

Slide Added July, 2013

(In millions of dollars, except per share amounts; Year ended December,

number of shares outstanding in millions) 2013 2012 2012

Operating income 662$ 583$ 2,766$

Add:

Depreciation and amortization 450 463 1,819

Stock-based compensation expense 58 6 77

Integration, restructuring and acquisition expenses 9 42 92

Impairment of assets - - 80

Adjusted operating prof it 1,179$ 1,094$ 4,834$

Free Cash Flow

Adjusted operating profit 1,179$ 1,094$ 4,834$

Add (deduct):

PP&E expenditures (464) (449) (2,142)

Interest on long-term debt, net of capitalization (172) (157) (663)

P re- tax f ree cash f low 543 488 2,029

Cash income taxes (115) (72) (380)

After- tax f ree cash f low 428$ 416$ 1,649$

Net income from continuing operations 353$ 324$ 1,732$

Add (deduct):

Stock-based compensation expense 58 6 77


Impairment of assets - - 80

Gain on spectrum distribution - - (233)

Income tax impact of above items (6) (12) (14)

Income tax adjustment, legislative tax change - - 54

Adjusted net income 414$ 360$ 1,788$

Adjusted diluted earnings per share:

Adjusted net income 414$ 360$ 1,788$

Divided by: diluted weighted average number of shares outstanding 518 528 522

Adjusted diluted earnings per share 0.80$ 0.68$ 3.43$

Cash provided by operating activities 805$ 528$ 3,421$

Add (deduct):

PP&E expenditures (464) (449) (2,142)

Interest on long-term debt, net of capitalization (172) (157) (663)


Cash income taxes 115 72 380

Interest paid 222 245 680

Other adjustments 28 207 261

P re- tax f ree cash f low 543 488 2,029

Cash income taxes (115) (72) (380)

After- tax f ree cash f low 428$ 416$ 1,649$

Three months ended March 31,

annual general meeting of shareholders...2012 actuals $4,834 $4,865 to $5,050 1% to 5% 2013 range...

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