Management’s Discussion and Analysis
FOR THE YEAR ENDED DECEMBER 31, 2013
This Management’s Discussion and Analysis (MD&A) contains important
information about our business and our performance for the year
ended December 31, 2013. This MD&A is current as of February 12,
2014 and was approved by our Board of Directors.
You should read this MD&A together with our 2013 Audited
Consolidated Financial Statements and Notes, which have been
prepared in accordance with International Financial Reporting Standards
(IFRS).
We report our results of operations in four segments: Wireless, Cable,
Business Solutions and Media. Wireless, Cable and Business Solutions
are operated by Rogers Communications Partnership and our other
wholly owned subsidiaries. Media is operated by our wholly owned
subsidiary Rogers Media Inc. and its subsidiaries.
We, us, our, Rogers, Rogers Communicationsand the Companyrefer to
Rogers Communications Inc. and our subsidiaries.
RCI refers to the legal entity Rogers Communications Inc., not including
our subsidiaries. RCI also holds interests in various investments and
ventures.
We are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and
RCI.B) and on the New York Stock Exchange (NYSE: RCI).
All amounts are in Canadian dollars unless otherwise stated. All
percentage changes are calculated using the rounded numbers as they
appear in the tables. Charts, graphs and diagrams are included for
reference; however, they do not form part of this MD&A.
In this MD&A, this year refers to the year ended December 31, 2013,
and last yearrefers to the year ended December 31, 2012.
ABOUT FORWARD-LOOKING INFORMATION
This MD&A includes “forward-looking information” within the meaning
of applicable securities laws, and assumptions about, among other
things, our business, operations and financial performance and
condition approved by management on the date of this MD&A. This
forward-looking information and these assumptions include, but are
not limited to, statements about our objectives and strategies to achieve
those objectives, and about our beliefs, plans, expectations,
anticipations, estimates or intentions.
Forward-looking information and statements:
 typically include words like could, expect, may, anticipate, assume,
believe, intend, estimate, plan, project, guidance, outlookand similar
expressions, although not all forward-looking information and
statements include them
 include conclusions, forecasts and projections that are based on our
current objectives and strategies and on estimates, expectations,
assumptions and other factors, most of which are confidential and
proprietary and that we believe to be reasonable at the time they
were applied but may prove to be incorrect
 were approved by our management on the date of this MD&A.
Our forward-looking information and statements include forecasts and
projections related to the following items, among others:
 revenue
 adjusted operating profit
 property, plant and equipment expenditures
 cash income tax payments
 free cash flow before and after cash income taxes
 dividend payments
 expected growth in subscribers and the services they subscribe to
 the cost of acquiring and retaining subscribers and deployment of
new services
 continued cost reductions and efficiency improvements
 the growth of new products and services
 all other statements that are not historical facts.
Specific forward-looking information included or incorporated in this
document include, but is not limited to, our information and statements
under “Financial and Operating Guidance” relating to our 2014
consolidated guidance on adjusted operating profit, property plant and
equipment expenditures and after-tax free cash flow. All other
statements that are not historical facts are forward-looking statements.
We base our conclusions, forecasts and projections (including the
aforementioned guidance) on the following factors, among others:
 general economic and industry growth rates