Rogers Communications Inc (RCI) Q1 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

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Operator

00:02 Thank you for standing by. This is the conference operator. Welcome to the Rogers Communications, Inc. First Quarter 2022 Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. Following the presentation, we'll conduct a question-and-answer session. [Operator Instructions]

00:33 I would now like to turn the conference over to Paul Carpino, Vice President of Investor Relations with Rogers Communications. Please go ahead.

Paul Carpino

00:43 Thank you, Ariel. Good morning, everyone and thank you for joining us today. I'm here with our President and Chief Executive Officer, Tony Staffieri; our Chief Financial Officer, Glenn Brandt; and Jorge Fernandes, Chief Technology and Information Officer. Today's discussion will include estimates and other forward-looking information from which our actual results could differ. Please review the cautionary language in today's earnings report and in our 2021 annual report regarding the various factors, assumptions, and risks that could cause our actual results to differ.

01:16 With that, let me turn it over to Tony to begin.

Tony Staffieri

01:20 Thank you, Paul, and good morning, everyone. Thanks for joining us on this very busy day as we highlight our strong Q1 results, update our positive 2022 outlook, and hold our AGM virtually later this morning. As I discussed back in January, the Rogers Organization is focused on three priorities: better execution across our businesses, increasing our investments in our networks and customer service, and continuing our extensive efforts to successfully complete the Shaw transaction in the first half of 2022.

01:56 I’m pleased to say we made progress in each of these areas in the first quarter. So, let me provide some comments on each of the items before I turn the call over to Glenn to provide you with more detail on the quarter. Starting with better execution, each of our businesses delivered better revenue and profitability than expected.

02:16 Across the organization, our teams are focused on targeting or accelerating all efficiencies and process improvement opportunities to deliver results that will meet or even exceed the targets we've set for ourselves. We're making progress with these efforts and have already started to capture some of those benefits this quarter.