Cogeco Communications (CCA) investor relations material

Strategic transformation and operational update

• Completed year one of a multi-year transformation, merging operations across two countries and achieving OpEx and CapEx savings ahead of plan.

• Focus for years two and three will shift to reinvesting in top-line growth, targeting both subscriber increases and ARPU improvements.

• Confident in reaching a $600 million cash flow target within two years, supporting ongoing dividend growth and debt reduction.

• Buybacks may be considered as financial flexibility improves.

Wireless and wireline business performance

• Wireless launch in Canada has exceeded expectations, with sales ahead of internal targets and expansion to all markets imminent.

• Wireline customer growth remains strong in Canada, aided by a more constructive competitive environment and reduced promotional activity.

• U.S. operations are seeing early signs of turnaround by adopting Canadian sales and marketing practices.

• Wireless strategy focuses on cross-selling to wireline customers to reduce churn and improve ARPU.

Brand and product strategy

• oxio, a digital-only internet provider, is outperforming expectations and driving digital transformation, with high customer satisfaction and efficient service.

• oxio complements the main brand, with most new customers now on the company’s own network, and a similar model is being considered for the U.S.

• Internet remains the lead product, with TV and voice still contributing positively in Canada, while TV is less significant in the U.S.