Company Overview - RCI Hospitality (NASDAQ: RICK) operates a portfolio of adult nightclubs and a military-themed sports bar and casual dining restaurant chain called Bombshells [1] Market Context - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, with daily price fluctuations contributing to significant changes in value [1] Investment Strategy - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - RCI Hospitality Holdings, Inc. (NASDAQ: RICK) recently reported its Q1 earnings, prompting an analysis of the company's performance over the past year and insights into potential investment opportunities [1]. Company Performance - The analysis focuses on the company's financial results for Q1, which have not been previously covered, indicating a need for deeper insights into its operational performance [1]. Investment Strategy - The company is positioned as a long-term investment opportunity, appealing to investors with a 5-10 year horizon, emphasizing a portfolio strategy that includes a mix of growth, value, and dividend-paying stocks, with a particular focus on value [1].

Core Viewpoint - Rogers Communications Inc. is set to release its first quarter 2025 financial results on April 23, 2025, before the North American financial markets open [1] Financial Results Announcement - The financial results will be distributed via newswire and made available on the company's investor relations website [1] - Management will host a teleconference at 8:00 a.m. ET to discuss the results and outlook with the investment community [1] Teleconference Access - A live webcast of the teleconference will be accessible on the Investor Relations section of Rogers' website [2] - Participants can join the teleconference by dialing 416-639-5883 or 1-844-282-4459 toll-free for North America, using passcode 3793238 [2] Presentation Archive - An archive of the presentation will be available on the investor relations website after the teleconference [3] - A telephonic re-broadcast will be available for two weeks post-teleconference at 412-317-0088 or 1-855-669-9658 toll-free for North America, with access code 9844000 [3] Annual General Meeting - Rogers Communications Inc. will hold its Annual General Meeting of Shareholders on April 23, 2025, at 11:00 a.m. ET, in a hybrid format [4] - The meeting will take place at 333 Bloor Street East, Toronto, Ontario, and will also be available online via webcast [4] Company Overview - Rogers is recognized as Canada's leading communications and entertainment company, with shares traded on both the Toronto Stock Exchange and the New York Stock Exchange [5]

Core Insights - Rogers Communications has been recognized as the most reliable internet provider in Canada by Opensignal, highlighting its commitment to delivering high-quality communications and entertainment experiences [1][2]. Group 1: Company Achievements - Rogers has received back-to-back recognition from Opensignal for overall reliability experience, consistent quality, and download speed [2]. - The company was also acknowledged as Canada's most reliable wireless network last month [2]. - Over the past 20 years, Rogers has invested nearly $70 billion in network infrastructure to enhance reliability and provide multi-gig speeds to almost eight million homes in 2025 [3]. Group 2: Product Offerings - The introduction of Rogers Xfinity late last year is part of the company's strategy to offer industry-leading internet technology and a world-class suite of products [3]. - Rogers Xfinity is designed to support increased gaming, streaming, and overall internet usage for customers [3].

Core Viewpoint - Rogers Communications Inc. has filed its 2024 annual report to shareholders, which includes audited financial statements and a focus on sustainability and social impact [1][2]. Financial Statements - The annual report contains Rogers' 2024 audited annual consolidated financial statements along with management's discussion and analysis (MD&A) [2]. Sustainability and Social Impact - For the first time, Rogers has integrated its sustainability and social impact disclosure into the MD&A, reflecting its commitment to these principles in business operations [2]. Availability of Report - The 2024 annual report is accessible on SEDAR+, EDGAR, and the Investor Relations section of Rogers' website, with options for requesting a paper copy at no charge [3]. Company Overview - Rogers Communications Inc. is recognized as Canada's leading communications and entertainment company, publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange [4].

Group 1 - Rogers Communications has been recognized as Canada's most reliable wireless network by Opensignal, highlighting its commitment to quality and reliability in wireless services [1] - The company has invested over $40 billion in its networks over the past decade and plans to invest an additional $4 billion in capital investments this year [2] - Rogers' 5G network now reaches more than 2,500 communities across Canada, reinforcing its position as the largest and most reliable 5G network in the country [2] Group 2 - Rogers has achieved top rankings in 5G Upload Speed and 5G Video Experience, making it the most awarded network by Opensignal [1]

Group 1 - Rogers Communication reported $3.92 billion in revenue for the quarter ended December 2024, showing a year-over-year decline of 0% and an EPS of $1.04 compared to $0.87 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $3.76 billion by +4.08%, while the EPS surprise was +9.47% against a consensus estimate of $0.95 [1] - The stock has returned -6.4% over the past month, underperforming the Zacks S&P 500 composite's +1.2% change, and currently holds a Zacks Rank 4 (Sell) [3] Group 2 - Wireless Subscriber metrics include gross additions of 561 thousand postpaid mobile phone subscribers, slightly below the average estimate of 580.13 thousand [4] - Total postpaid mobile phone subscribers reached 10.77 million, close to the average estimate of 10.78 million, with a postpaid churn rate of 1.5%, better than the estimated 1.6% [4] - The company reported net additions of 14 thousand cable subscribers, exceeding the average estimate of 11.51 thousand, with total customer relationships at 4.68 million, matching the average estimate [4]

Q4 2024 Results January 30, 2025 3Adjusted diluted earnings per share is a non-GAAP ratio. Adjusted net income is a non-GAAP financial measure and a component of adjusted diluted earnings per share. 1 Cautionary note The following materials are for presentation purposes only. They accompany the discussions held during Rogers Communications Inc.'s (Rogers) investor conference call on January 30, 2025. Certain statements made in this presentation, including, but not limited to, statements relating to expected ...

Core Viewpoint - Rogers Communication reported quarterly earnings of $1.04 per share, exceeding the Zacks Consensus Estimate of $0.95 per share, and showing an increase from $0.87 per share a year ago, indicating a 9.47% earnings surprise [1][2] Financial Performance - The company posted revenues of $3.92 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.08%, with year-ago revenues also at $3.92 billion [2] - Over the last four quarters, Rogers Communication has surpassed consensus EPS estimates three times [2] Stock Performance and Outlook - Rogers Communication shares have declined approximately 6.4% since the beginning of the year, contrasting with the S&P 500's gain of 2.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.83 on revenues of $3.47 billion, and for the current fiscal year, it is $3.62 on revenues of $14.77 billion [7] Industry Context - The Cable Television industry, to which Rogers Communication belongs, is currently ranked in the bottom 24% of over 250 Zacks industries, indicating potential challenges ahead [8] - Another company in the same industry, Cable One, is expected to report a quarterly earnings decline of 7% year-over-year, with revenues projected to decrease by 5.2% [9]

Financial Performance - Total revenue for Q4 2024 was CAD 5,481 million, a 3% increase from CAD 5,335 million in Q4 2023[38] - Adjusted EBITDA for Q4 2024 was CAD 2,533 million, reflecting a 9% increase compared to CAD 2,329 million in Q4 2023[38] - Net income for Q4 2024 rose by 70% to CAD 558 million, compared to CAD 328 million in Q4 2023[38] - Basic earnings per share increased by 68% to CAD 1.04 in Q4 2024, up from CAD 0.62 in Q4 2023[38] - Adjusted net income for Q4 2024 was $794 million, a 26% increase from $630 million in Q4 2023[74] - Adjusted EBITDA for the twelve months ended December 31, 2024, reached $9,617 million, up 12% from $8,581 million in 2023[74] - Free cash flow for the full year 2024 was CAD 3,045 million, representing a 26% increase from CAD 2,414 million in 2023[38] Revenue Segments - Wireless segment revenue increased by 4% to CAD 2,981 million in Q4 2024, while Cable segment revenue remained stable at CAD 1,983 million[38] - Wireless service revenue grew by 2% to CAD 2,058 million in Q4 2024, driven by subscriber growth and bundled service plans[41] - Media revenue increased by 10% to $616 million in Q4 2024, supported by higher sports and entertainment-related revenue[54] - Total service revenue for the year increased, with wireless mobile phone average revenue per user (ARPU) showing positive trends[129] Subscriber Growth - Total postpaid mobile phone subscribers reached 10,768 thousand, an increase of 270 thousand from the previous year[40] - Total customer relationships increased by 47, reaching 4,683 in Q4 2024 compared to Q4 2023[49] - The total number of retail Internet subscribers increased by 111 to 4,273 in Q4 2024[49] - Subscriber counts in both wireless and cable segments showed growth, contributing to overall revenue increases[129] - The company anticipates continued subscriber growth in retail Internet, while expecting a decline in Television and Satellite subscribers due to the rise of streaming services[149] Capital Expenditures - Capital expenditures for Q4 2024 were CAD 1,007 million, a 6% increase from CAD 946 million in Q4 2023[38] - Capital expenditures for the twelve months ended December 31, 2024, totaled $4,041 million, slightly higher than $3,934 million in 2023[134] - The company plans to maintain capital expenditures similar to 2024 levels, focusing on expanding its 5G wireless network and upgrading its hybrid fibre-coaxial network[149] Debt and Liquidity - Total short-term borrowings increased to $2,959 million as of December 31, 2024, from $1,750 million in 2023[80] - Long-term debt net repayments for the twelve months ended December 31, 2024, amounted to $1,103 million, compared to a net issuance of $5,040 million in 2023[84] - The weighted average cost of borrowings decreased to 4.61% as of December 31, 2024, from 4.85% a year earlier[97] - The debt leverage ratio improved to 4.5 as of December 31, 2024, down from 5.0 in 2023[100] - Total available liquidity as of December 31, 2024, was $4,833 million, compared to $5,939 million at the end of 2023[96] Operational Efficiency - The company reported a 7% decrease in operating costs this quarter, attributed to ongoing cost efficiency initiatives[52] - Adjusted EBITDA margin improved to 46.2% in Q4 2024, up from 43.7% in Q4 2023[38] Future Outlook - The 2025 outlook includes expectations for total service revenue, adjusted EBITDA, capital expenditures, and free cash flow, although specific figures were not disclosed[143] - The company is focused on integrating acquisitions and managing competitive intensity across all segments[145] - The company aims to return its debt leverage ratio to approximately 3.5 within 36 months of closing the Shaw Transaction through operational synergies, organic growth in adjusted EBITDA, asset sales, equity financing, and debt repayment[101] - The company warns that actual results may differ significantly from forward-looking statements due to various risks and uncertainties, including economic conditions and regulatory changes[146]