- Revenue increased by 14.5% (14.7% in constant currency
(1)) compared to the same period of the prior year to
reach $748.1 million;
- Adjusted EBITDA (1) reached $349.2 million, an increase of 13.2% (13.4% in
constant currency (1));
- Profit for the period amounted to $118.8 million, an increase of 7.8%;
- Free cash flow (1) amounted to $153.7 million, an increase of 9.4% (9.4% in
constant currency (1));
- Cash flows from operating activities increased by 15.4% to
reach $278.8 million;
- Fiscal 2022 financial guidelines were revised following a
reduction of capital expenditures projections and a corresponding
increase in projected free cash flow; and
- A quarterly eligible dividend of $0.625 per share was declared compared to
$0.545 per share in the comparable
quarter of fiscal 2021.
MONTRÉAL, April 13,
2022 /CNW/ - Today, Cogeco Inc. (TSX: CGO) ("Cogeco"
or the "Corporation") announced its financial results for the
second quarter ended February 28, 2022, in accordance with
International Financial Reporting Standards ("IFRS").
OPERATING RESULTS
For the second quarter of fiscal 2022:
- Revenue increased by 14.5% to reach $748.1 million compared to the previous year. On
a constant currency basis, revenue increased by 14.7%, mainly
explained as follows:
-
- American broadband services revenue increased by 31.3% in
constant currency mostly resulting from the Ohio broadband systems acquisition completed
on September 1, 2021, and from a
higher Internet service customer base and a higher value product
mix.
- Canadian broadband services revenue increased by 2.1% mainly as
a result of the DERYtelecom acquisition completed on December 14, 2020 and organic growth.
- Revenue in the media activities increased by 4.9%, mainly
following the easing of public health restrictions, whereby last
year's second quarter radio advertising revenue was directly
impacted by COVID-19 related lockdown measures.
- Adjusted EBITDA increased by 13.2% to reach $349.2 million compared to the previous year. On
a constant currency basis, adjusted EBITDA increased by 13.4%,
mainly explained as follows:
-
- American broadband services adjusted EBITDA increased by 31.4%
in constant currency mainly resulting from the impact of the
Ohio broadband systems acquisition
and a higher margin driven by the organic revenue growth, partly
offset by costs incurred in connection with the rebranding of
Atlantic Broadband to Breezeline and overall higher marketing and
advertising activities and other costs which were unusually low
last year in the context of the COVID-19 pandemic
restrictions.
- Canadian broadband services adjusted EBITDA increased by 1.7%
in constant currency mainly resulting from the impact of the
DERYtelecom acquisition and organic growth.
- Profit for the period amounted to $118.8
million, of which $36.7
million, or $2.30 per share,
was attributable to owners of the Corporation compared to
$110.2 million, $33.7 million, and $2.12 per share, respectively, in the comparable
period of fiscal 2021. The increases resulted mainly from higher
adjusted EBITDA and lower income tax expense, partly offset by the
increases in depreciation and amortization expense and financial
expense.
- Free cash flow increased by 9.4% as reported and in constant
currency to reach $153.7 million
compared to the previous year, mainly as a result of higher
adjusted EBITDA and lower current income taxes, partly offset by
higher capital expenditures and financial expense.
- Cash flows from operating activities increased by 15.4% to
reach $278.8 million compared to the
previous year, mainly resulting from higher adjusted EBITDA and
lower income taxes paid.
- Cogeco purchased and cancelled 154,388 subordinate voting
shares for a total consideration of $12.3
million.
- At its April 13, 2022 meeting,
the Board of Directors of Cogeco declared a quarterly eligible
dividend of $0.625 per share compared
to $0.545 per share in the comparable
quarter of fiscal 2021.
|
(1)
|
The indicated terms do
not have standardized definitions prescribed by
IFRS and, therefore, may not be
comparable to similar measures presented by other companies. For
more details, please consult the "Non-IFRS financial measures" section of this press
release, including reconciliation to the most
comparable IFRS financial measures.
|
"For this second quarter of fiscal 2022, we are satisfied with
Cogeco's performance, which was in line with expectations,"
declared Philippe Jetté, President and Chief Executive Officer of
Cogeco Inc.
"Results at our Canadian broadband business unit were steady
with a continued positive customer trend for our high-speed
Internet service," said Mr. Jetté. "Over the past months, Cogeco
Connexion has accelerated its construction efforts to connect more
homes in underserved communities in Québec and Ontario and continues its collaboration with
governments to bridge the digital gap between large urban centres
and less populated areas."
"The performance at our American broadband business unit, which
now goes by the name Breezeline, was in line with expectations,"
continued Mr. Jetté. "Internet customer trends improved compared to
the first quarter of fiscal 2022 and the integration of our
acquired Ohio broadband systems
continues to proceed according to plan."
"For our radio business, our revenue has grown despite
a weaker advertising market due to sudden lockdowns brought on
by the Omicron variant, however signs have been positive for the
economy as public health measures are being lifted," added Mr.
Jetté. "Cogeco Media's radio stations again found their way to the
top of the Numeris winter surveys, demonstrating the continued
commitment of our listeners. We were also pleased to announce in
late March, that the Canadian Radio-television and
Telecommunications Commission (CRTC) rendered a favourable decision
on the transaction between Arsenal and Cogeco which will allow
Arsenal to acquire CHOA and Capitale Rock stations in Abitibi, and
Cogeco to acquire station CILM 98.3 located in Saguenay, a deal
that is expected to close later this month."
"We recently published our ESG and Sustainability Report, which
will henceforth be published annually, where we provide an update
of our environmental, social and governance (ESG) performance
indicators and other information related to our sustainability
strategy. We are committed to continually enhance our
sustainability program through the implementation of ESG best
practices, which earned us again this year a place on the Corporate
Knights Global 100 Most Sustainable Companies list," concluded Mr.
Jetté.
FISCAL 2022 REVISED FINANCIAL
GUIDELINES
Overall, Cogeco's financial results for the first half of fiscal
2022 were as expected in its annual financial guidelines, issued on
November 11, 2021. However, as the Corporation expects in
the second half of fiscal 2022 lower acquisition of property, plant
and equipment than initially planned and a corresponding increase
in projected free cash flow, the Corporation revised its fiscal
2022 financial guidelines. On a constant currency and consolidated
basis, revenue and adjusted EBITDA projections are expected to
remain the same as previously issued. Revised projections for
acquisition of property, plant and equipment amount to between
$725 and $755
million, including those related to the Ohio broadband systems integration and net
investments of approximately $180 to
$200 million in network expansion
projects in Canada and
the United States. Free cash flow
is expected to decrease between 13% and 23% compared to the
previous fiscal year, which is a lesser decline than under the
previous financial guidelines. Excluding the fiscal year 2022
network expansion projects, free cash flow on a constant currency
and consolidated basis would otherwise increase between 16% and 26%
compared to the previous fiscal year.
COVID-19 PANDEMIC
While the impact of the COVID-19 pandemic on the Corporation is
generally stabilizing, we remain cautious in our management of the
situation which can evolve quickly. Our priority remains on
ensuring the well-being of our employees, customers and business
partners.
The pandemic has generally highlighted the value of the services
we offer, especially our high-speed Internet services, as customers
have been spending more time at home for work, education and
entertainment purposes. We have generally witnessed strong demand
initially for either obtaining or upgrading speeds of high-speed
Internet, along with reduced operating costs due to a stable
customer base and not being able to use all usual sales channels.
However, operations have generally been conducted in a normal
fashion during the recent quarters.
The pandemic has also accelerated the willingness of various
governments to support access to high-speed Internet in underserved
and unserved areas by providing subsidies to partially pay for
network expansions in such areas. The Corporation has partnered
with governments in both Canada
and the United States in such
endeavor and expects to do more in the years to come.
As for our radio operations, the pandemic continues to have an
impact due to restrictions imposed on portions of the customer
base, such as the travel industry, as well as supply chain
disruptions limiting other customers' businesses, such as the
automobile industry. Furthermore, listeners are spending less time
commuting in their cars during the pandemic, which negatively
impacts listening hours. In order to mitigate the impact on its
operations, Cogeco Media continues to manage its operating expenses
tightly, as it did since the beginning of the pandemic, while
maintaining quality programming.
The Corporation's results discussed herein may not be indicative
of future operational trends and financial performance. Please
refer to the "Forward-looking statements" section.
FINANCIAL
HIGHLIGHTS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
February 28,
|
|
Six months ended
February 28,
|
|
|
2022
|
2021
|
Change
|
Change in
constant
currency
|
(1)
(2)
|
Foreign
exchange
impact
|
(1)
|
2022
|
2021
|
Change
|
Change in
constant
currency
|
(1)
(2)
|
Foreign
exchange
impact
|
(1)
|
(In thousands of
Canadian dollars, except percentages and per share
data)
|
$
|
$
|
%
|
%
|
|
$
|
|
$
|
$
|
%
|
%
|
|
$
|
|
Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
748,066
|
653,156
|
14.5
|
14.7
|
|
(1,007)
|
|
1,493,324
|
1,299,511
|
14.9
|
16.4
|
|
(18,693)
|
|
Adjusted EBITDA
(2)
|
349,211
|
308,414
|
13.2
|
13.4
|
|
(410)
|
|
703,605
|
629,504
|
11.8
|
13.1
|
|
(8,442)
|
|
Integration,
restructuring and acquisition costs (3)
|
1,451
|
2,330
|
(37.7)
|
|
|
|
|
20,086
|
3,511
|
—
|
|
|
|
|
Profit for the
period
|
118,781
|
110,156
|
7.8
|
|
|
|
|
237,920
|
230,603
|
3.2
|
|
|
|
|
Profit for the period
attributable to owners of the Corporation
|
36,659
|
33,737
|
8.7
|
|
|
|
|
75,182
|
74,226
|
1.3
|
|
|
|
|
Cash
flow
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from
operating activities
|
278,768
|
241,619
|
15.4
|
|
|
|
|
576,110
|
477,151
|
20.7
|
|
|
|
|
Acquisition of
property, plant and equipment (4)
|
142,475
|
115,748
|
23.1
|
23.3
|
|
(265)
|
|
283,984
|
232,239
|
22.3
|
24.3
|
|
(4,717)
|
|
Free cash flow
(2)
|
153,703
|
140,555
|
9.4
|
9.4
|
|
(50)
|
|
289,523
|
288,791
|
0.3
|
0.7
|
|
(1,241)
|
|
Financial condition
(5)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
|
|
|
|
|
180,580
|
368,434
|
(51.0)
|
|
|
|
|
Total assets
|
|
|
|
|
|
|
|
9,090,937
|
7,536,313
|
20.6
|
|
|
|
|
Indebtedness (2)
(6)
|
|
|
|
|
|
|
|
4,748,792
|
3,377,115
|
40.6
|
|
|
|
|
Equity attributable to
owners of the Corporation
|
|
|
|
|
|
|
|
857,153
|
816,658
|
5.0
|
|
|
|
|
Per share data
(7)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
2.30
|
2.12
|
8.5
|
|
|
|
|
4.73
|
4.67
|
1.3
|
|
|
|
|
Diluted
|
2.29
|
2.11
|
8.5
|
|
|
|
|
4.70
|
4.64
|
1.3
|
|
|
|
|
Dividends
|
0.625
|
0.545
|
14.7
|
|
|
|
|
1.25
|
1.09
|
14.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Key performance
indicators presented on a constant currency basis are obtained by
translating financial results from the current periods denominated
in US dollars at the foreign exchange rates of the comparable
periods of the prior year. For the three and six-month periods
ended February 28, 2021, the average foreign exchange rates used
for translation were 1.2744 USD/CDN and 1.2957 USD/CDN,
respectively.
|
(2)
|
The indicated terms do
not have standardized definitions prescribed by IFRS and,
therefore, may not be comparable to similar measures presented by
other companies. For more details, please consult the "Non-IFRS
financial measures" section of this press release, including
reconciliation to the most comparable IFRS financial
measures.
|
(3)
|
For the three and
six-month periods ended February 28, 2022, integration,
restructuring and acquisition costs resulted mostly from costs
incurred in connection with the acquisition, completed on September
1, 2021, and ongoing integration of the Ohio broadband systems. For
the three and six-month periods ended February 28, 2021,
integration, restructuring and acquisition costs resulted mostly
from the acquisition and integration of DERYtelecom, which was
completed on December 14, 2020.
|
(4)
|
For the three and
six-month periods ended February 28, 2022, acquisition of property,
plant and equipment in constant currency amounted to $142.7 million
and $288.7 million, respectively.
|
(5)
|
At February 28, 2022
and August 31, 2021.
|
(6)
|
Indebtedness is defined
as the total of bank indebtedness and principal on long-term
debt.
|
(7)
|
Per multiple and
subordinate voting share.
|
FORWARD-LOOKING
STATEMENTS
Certain statements contained in this press release may
constitute forward-looking information within the meaning of
securities laws. Forward-looking information may relate to Cogeco
Inc.'s ("Cogeco" or the "Corporation") future outlook and
anticipated events, business, operations, financial performance,
financial condition or results and, in some cases, can be
identified by terminology such as "may"; "will"; "should";
"expect"; "plan"; "anticipate"; "believe"; "intend"; "estimate";
"predict"; "potential"; "continue"; "foresee", "ensure" or other
similar expressions concerning matters that are not historical
facts. Particularly, statements regarding the Corporation's
financial guidelines, future operating results and economic
performance, objectives and strategies are forward-looking
statements. These statements are based on certain factors and
assumptions including expected growth, results of operations,
purchase price allocation, tax rates, weighted average cost of
capital, performance and business prospects and opportunities,
which Cogeco believes are reasonable as of the current date. Refer
in particular to the "Corporate objectives and strategies" and
"Fiscal 2022 financial guidelines" sections of the Corporation's
2021 annual MD&A and the "Fiscal 2022 revised financial
guidelines" of the current MD&A for a discussion of certain key
economic, market and operational assumptions we have made in
preparing forward-looking statements. While management considers
these assumptions to be reasonable based on information currently
available to the Corporation, they may prove to be incorrect.
Forward-looking information is also subject to certain factors,
including risks and uncertainties that could cause actual results
to differ materially from what Cogeco currently expects. These
factors include risks such as competitive risks, business risks
(including potential disruption to our supply chain worsened by the
increasing instability resulting from the war in Ukraine, increasing transportation lead times,
scarcity of input materials and shortages of chipsets,
semi-conductors and key telecommunication equipment), regulatory
risks, technology risks (including cybersecurity), financial risks
(including variations in currency and interest rates), economic
conditions (including elevated inflation and a potential
recession), human-caused and natural threats to our network,
infrastructure and systems, community acceptance risks, ethical
behavior risks, ownership risks, litigation risks and public health
crisis and emergencies such as the COVID-19 pandemic, many of which
are beyond the Corporation's control. Moreover, the Corporation's
radio operations are significantly exposed to advertising budgets
from the retail industry, which can fluctuate due to changing
economic conditions. For more exhaustive information on these risks
and uncertainties, the reader should refer to the "Uncertainties
and main risk factors" sections of the Corporation's 2021 annual
MD&A and of the current MD&A. These factors are not
intended to represent a complete list of the factors that could
affect Cogeco and future events and results may vary significantly
from what management currently foresees. The reader should not
place undue importance on forward-looking information contained in
this press release which represent Cogeco's expectations as of the
date of this press release (or as of the date they are otherwise
stated to be made) and are subject to change after such date. While
management may elect to do so, the Corporation is under no
obligation (and expressly disclaims any such obligation) and does
not undertake to update or alter this information at any particular
time, whether as a result of new information, future events or
otherwise, except as required by law.
All amounts are stated in Canadian dollars unless otherwise
indicated. This press release should be read in conjunction with
the Corporation's MD&A for the three and six-month periods
ended February 28, 2022, the
Corporation's condensed interim consolidated financial statements
and the notes thereto for the same periods prepared in accordance
with International Financial Reporting Standards ("IFRS") and the
Corporation's 2021 Annual Report.
NON-IFRS FINANCIAL
MEASURES
This section describes non-IFRS financial measures used by
Cogeco throughout this press release. These financial measures are
reviewed in assessing the performance of the Corporation and used
in the decision-making process with regard to its business units.
Reconciliations between "adjusted EBITDA", "free cash flow",
"indebtedness" and "net indebtedness" and the most comparable IFRS
financial measures are also provided. These financial measures do
not have standard definitions prescribed by IFRS and therefore, may
not be comparable to similar measures presented by other
companies.
This press release also makes reference to key performance
indicators on a constant currency basis, including revenue,
"adjusted EBITDA", acquisition of property, plant and equipment and
"free cash flow". Measures on a constant currency basis are
considered non-IFRS financial measures and do not have any
standardized meaning prescribed by IFRS and therefore, may not be
comparable to similar measures presented by other companies. In
addition, this press release refers to the adjusted EBITDA margin
and capital intensity of the Canadian broadband services and the
American broadband services segments, key performance indicators
used by Cogeco Communications' management and investors,
respectively, to value its performance and to assess its investment
in capital expenditures in order to support a certain level of
revenue. These financial measures do not have standard definitions
prescribed by IFRS and therefore, may not be comparable to similar
measures presented by other companies.
|
|
|
|
Non-IFRS financial
measures
|
Application
|
Calculation
|
Most comparable IFRS
financial measures
|
Adjusted
EBITDA
and
adjusted EBITDA
margin
|
Adjusted EBITDA is a
key measure commonly reported and used in the telecommunications
industry, as it allows comparisons between companies that have
different capital structures and is a more current measure since it
excludes the impact of historical investments in assets. Adjusted
EBITDA is one of the key metrics employed by the financial
community to value a business and its financial
strength.
Adjusted EBITDA for
Cogeco's business units is equal to the segment profit (loss)
reported in Note 4 of the condensed interim consolidated
financial statements.
|
Adjusted
EBITDA:
- Profit for the
period
add:
- Income
taxes;
- Financial
expense;
- Depreciation and
amortization; and
- Integration,
restructuring and acquisition costs.
|
Profit for the
period
|
|
|
Adjusted EBITDA
margin:
- Adjusted
EBITDA
divided by:
- Revenue.
|
No comparable IFRS
financial measure
|
Free cash
flow
|
Management and
investors use free cash flow to measure Cogeco's ability to repay
debt, distribute capital to its shareholders and finance its
growth.
|
Free cash
flow:
- Adjusted
EBITDA
add:
- Amortization of
deferred transaction costs and discounts on long-term
debt;
- Share-based
payment;
- Loss (gain) on
disposals and write-offs of property, plant and equipment and
other; and
- Defined benefit plans
expense, net of contributions;
deduct:
- Integration,
restructuring and acquisition costs;
- Financial
expense;
- Current income
taxes;
- Acquisition of
property, plant and equipment (1); and
- Repayment of lease
liabilities.
|
Cash flows from
operating activities
|
Constant currency
basis
|
Revenue, operating
expenses, adjusted EBITDA, acquisition of property, plant and
equipment and free cash flow are measures presented on a constant
currency basis to enable an improved understanding of the
Corporation's underlying financial performance, undistorted by the
effects of changes in foreign exchange rates.
|
Constant currency basis
is obtained by translating financial results from the current
periods denominated in US dollars at the foreign exchange rates of
the comparable periods of the prior year.
|
No comparable IFRS
financial measure
|
Capital
intensity
|
Capital intensity is
used by Cogeco Communications' management and investors to assess
the Cogeco Communications' investment in capital expenditures in
order to support a certain level of revenue.
|
Capital
intensity:
- Acquisition of
property, plant and equipment (1)
divided by:
- Revenue.
|
No comparable IFRS
financial measure
|
|
|
|
|
(1)
Excludes the non-cash acquisition of right-of-use assets and the
purchases of spectrum licences.
|
|
|
|
|
Non-IFRS financial
measures
|
Application
|
Calculation
|
Most comparable IFRS
financial measures
|
Indebtedness and net
indebtedness
|
Indebtedness and net
indebtedness are measures used by management and investors to
assess Cogeco's financial leverage, as they represent the debt and
the debt net of the available cash and cash equivalents,
respectively.
|
Indebtedness:
add:
- Principal on
long-term debt; and
- Bank
indebtedness.
|
Long-term debt,
including the current portion
|
|
|
Net
indebtedness:
-
Indebtedness
deduct:
- Cash and cash
equivalents.
|
|
|
|
|
|
ADJUSTED EBITDA
RECONCILIATION
The reconciliation of adjusted EBITDA to the most comparable
IFRS financial measure is as follows:
|
|
|
|
|
|
Three months ended
February 28,
|
Six months ended
February 28,
|
|
2022
|
2021
|
2022
|
2021
|
(In thousands of
Canadian dollars)
|
$
|
$
|
$
|
$
|
Profit for the
period
|
118,781
|
110,156
|
237,920
|
230,603
|
Income taxes
|
32,182
|
34,965
|
50,565
|
72,604
|
Financial
expense
|
45,486
|
32,875
|
91,094
|
69,154
|
Depreciation and
amortization
|
151,311
|
128,088
|
303,940
|
253,632
|
Integration,
restructuring and acquisition costs
|
1,451
|
2,330
|
20,086
|
3,511
|
Adjusted
EBITDA
|
349,211
|
308,414
|
703,605
|
629,504
|
|
|
|
|
|
FREE CASH FLOW
RECONCILIATION
The reconciliation of free cash flow to the most comparable IFRS
financial measure is as follows:
|
|
|
|
|
|
Three months ended
February 28,
|
Six months ended
February 28,
|
|
2022
|
2021
|
2022
|
2021
|
(In thousands of
Canadian dollars)
|
$
|
$
|
$
|
$
|
Cash flows from
operating activities
|
278,768
|
241,619
|
576,110
|
477,151
|
Amortization of
deferred transaction costs and discounts on long-term
debt
|
3,010
|
2,343
|
5,952
|
4,640
|
Changes in other
non-cash operating activities
|
25,435
|
8,350
|
5,706
|
27,612
|
Income taxes
paid
|
5,137
|
16,529
|
31,473
|
58,717
|
Current income
taxes
|
(10,149)
|
(18,303)
|
(25,698)
|
(39,616)
|
Interest
paid
|
40,809
|
40,040
|
73,681
|
64,502
|
Financial
expense
|
(45,486)
|
(32,875)
|
(91,094)
|
(69,154)
|
Acquisition of
property, plant and equipment
|
(142,475)
|
(115,748)
|
(283,984)
|
(232,239)
|
Repayment of lease
liabilities
|
(1,346)
|
(1,400)
|
(2,623)
|
(2,822)
|
Free cash
flow
|
153,703
|
140,555
|
289,523
|
288,791
|
|
|
|
|
|
INDEBTEDNESS AND NET INDEBTEDNESS
RECONCILIATION
The reconciliation of indebtedness and net indebtedness to the
most comparable IFRS financial measure is as follows:
|
|
|
|
At February 28,
2022
|
At August 31,
2021
|
(In thousands of
Canadian dollars)
|
$
|
$
|
Long-term debt,
including the current portion
|
4,689,989
|
3,329,910
|
Discounts, transaction
costs and other
|
58,096
|
42,745
|
Bank
indebtedness
|
707
|
4,460
|
Indebtedness
|
4,748,792
|
3,377,115
|
Cash and cash
equivalents
|
(180,580)
|
(368,434)
|
Net
indebtedness
|
4,568,212
|
3,008,681
|
|
|
|
ABOUT COGECO INC.
Rooted in the communities it serves, Cogeco Inc. (TSX: CGO) is a
growing competitive force in the North American telecommunications
and media sectors with a legacy of 65 years. Through its business
units Cogeco Connexion and Breezeline (formerly Atlantic
Broadband), Cogeco provides Internet, video and phone services to
1.6 million residential and business customers in Quebec and Ontario in Canada as well as in twelve states in
the United States. Through Cogeco
Media, it owns and operates 23 radio stations as well as a news
agency, primarily in Quebec. To
learn more about Cogeco's growth strategy and its commitment to
support its communities, promote inclusive growth and fight climate
change, please visit us online at corpo.cogeco.com.
For information:
Investors
Patrice
Ouimet
Senior Vice President and Chief Financial Officer
Cogeco Inc.
Tel.: 514-764-4700
patrice.ouimet@cogeco.com
Media
Marie-Hélène Labrie
Senior Vice President and Chief Public Affairs, Communications and
Strategy Officer
Cogeco Inc.
Tel.: 514-764-4700
marie-helene.labrie@cogeco.com
Conference
Call:
|
Thursday, April 14,
2022 at 11:00 a.m. (Eastern Time)
|
|
|
|
A live audio webcast
will be available on Cogeco's website at
https://corpo.cogeco.com/cgo/en/investors/investor-relations/.
Members of the financial community will be able to access the
conference call and ask questions. Media representatives may attend
as listeners only. The webcast will be available on Cogeco's
website for a three-month period.
|
|
|
|
Please use the
following dial-in number to have access to the conference call 5 to
10 minutes before the start of the conference:
|
|
|
|
Canada/United States
Access Number: 1-877-291-4570
|
|
International Access
Number: 1-647-788-4919
|
|
|
|
In order to join this
conference, participants are required to provide the operator with
the name of the company hosting the call, that
is, Cogeco Inc.
or Cogeco Communications
Inc.
|
SOURCE Cogeco Inc.