FIVE-YEAR SUMMARY OF CONSOLIDATED FINANCIAL RESULTS MANAGEMENT’S DISCUSSION  AN D ANALYSIS 1 Adjusted operating profit, adjusted net income, adjusted diluted earnings per share, pre-tax free cash flow and adjusted net debt are Non-GAAP measures and should not be considered as a substitute or alternative 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” for information about these measures, including how we calculate them. 2 As defined. See “Key Performance Indicators”. 2013 ANNUAL REPORT ROGERS COMMUNICATIONS INC. 87 Years Ended December 31 (In millions of dollars, except per share amounts, percentages and ratios) IFRS Canadian GAAP 2013 2012 2011 2010 2009 Income and Cash Flow: Revenue Wireless $ 7,270 $ 7,280 $ 7,138 $ 6,973 $ 6,685 Cable 3,475 3,358 3,309 3,190 3,074 RBS 374 351 405 452 446 Media 1,704 1,620 1,611 1,461 1,407 Corporate items and intercompany eliminations (117) (123) (117) (77) (75) $ 12,706 $ 12,486 $ 12,346 $ 11,999 $ 11,537 Adjusted operating profit 1 Wireless $ 3,157 $ 3,063 $ 3,036 $ 3,173 $ 3,067 Cable 1,718 1,605 1,549 1,419 1,300 RBS 106 89 86 40 35 Media 161 190 180 131 119 Corporate items and intercompany eliminations (149) (113) (112) (95) ` (114) $ 4,993 $ 4,834 $ 4,739 $ 4,668 $ 4,407 Net income from continuing operations $ 1,669 $ 1,725 $ 1,590 $ 1,532 $ 1,499 Net income $ 1,669 $ 1,693 $ 1,563 $ 1,502 $ 1,478 Adjusted net income from continuing operations 1 $ 1,769 $ 1,781 $ 1,736 $ 1,704 $ 1,569 Pre-tax free cash flow 1 $ 2,044 $ 2,029 $ 1,973 $ 2,181 $ 1,919 Property, plant and equipment expenditures $ 2,240 $ 2,142 $ 2,127 $ 1,821 $ 1,841 Earnings per share from continuing operations : Basic $ 3.24 $ 3.32 $ 2.93 $ 2.66 $ 2.41 Diluted 3.22 3.30 2.91 2.64 2.41 Earnings per share Basic $ 3.24 $ 3.26 $ 2.88 $ 2.61 $ 2.38 Diluted 3.22 3.24 2.86 2.59 2.38 Adjusted earnings per share from continuing operations 1 Basic $ 3.43 $ 3.43 $ 3.20 $ 2.96 $ 2.53 Diluted 3.42 3.41 3.17 2.94 2.53 Balance S heet: Assets Property, plant and equipment, net $ 10,255 $ 9,576 $ 9,114 $ 8,437 $ 8,197 Goodwill 3,751 3,215 3,280 3,108 3,018 Intangible assets 3,211 2,951 2,721 2,591 2,643 Investments 1,487 1,484 1,107 933 563 Other assets 4,897 2,392 2,140 1,964 2,597 $ 23,601 $ 19,618 $ 18,362 $ 17,033 $ 17,018 Liabilities and Shareholders’ Equity Long-term liabilities $ 14,326 $ 12,848 $ 12,241 $ 10,440 $ 9,997 Current liabilities 4,606 3,002 2,549 2,833 2,748 Total liabilities 18,932 15,850 14,790 13,273 12,745 Shareholders’ equity 4,669 3,768 3,572 3,760 4,273 $ 23,601 $ 19,618 $ 18,362 $ 17,033 $ 17,018 S ubscriber count results (000s) Wireless subscribers 9,503 9,437 9,335 8,977 8,494 Television subscribers 2,127 2,214 2,297 2,305 2,296 Internet subscribers 1,961 1,864 1,793 1,686 1,619 Phone subscribers 1,153 1,074 1,052 1,003 937 Additional wireless metrics Wireless blended ARPU $ 59.58 $ 59.79 $ 60.20 $ 62.62 $ 63.59 Wireless chum 1.24 % 1.29 % 1.32 % 1.18 % 1.06 % Ratios: Revenue growth 2 % 1 % 3 % 4 % 4 % Adjusted operating profit growth 3 % 2 % 2 % 6 % 8 % Dividends declared per share $ 1.74 $ 1.58 $ 1.42 $ 1.28 $ 1.16 Dividend payout ratio 2 54 % 48 % 49 % 49 % 49 % Dividends as a percentage of pre-tax free cash flow 1 44 % 40 % 39 % 34 % 38 % Return on assets 1 7.1 % 8.6 % 8.5 % 8.8 % 8.7 % Adjusted net debt/adjusted operating profit 1,2 2.4 2.3 2.2 2.1 2.1