Cogeco Communications (CCA) AGM 2025 summary

Opening remarks and agenda

• Meetings held in hybrid mode, with simultaneous French and English interpretation, covering both Cogeco Communications Inc. and Cogeco Inc. agendas.

• Quorum confirmed, voting procedures explained for both in-person and online participants, with real-time vote counting.

Board and executive committee updates

• Ten directors elected to Cogeco Communications' board with 97% support; eight directors elected to Cogeco Inc.'s board with over 98% support.

• Frédéric Perron welcomed as President and CEO and board member in March 2024.

• New executive team members added in 2024, bringing expertise aligned with strategic goals.

Financial performance review

• Cogeco Inc.: FY2024 revenue stable at $3.1B, Adjusted EBITDA up 1.5% to $1.5B, profit stable at $349M, dividends up 16.8% to $3.42/share.

• Cogeco Communications: FY2024 revenue stable at $3B, Adjusted EBITDA up 1.5% to $1.4B, earnings down 15.3% to $354M, dividends up 10.1% to $3.42/share.

• Q1 2025: Both entities saw slight revenue declines but increases in Adjusted EBITDA and profit, with dividends up 8% to $0.92/share.