COLUMBUS, Ohio, Jan. 30, 2020 /PRNewswire/
-- Alliance Data Systems Corporation
(NYSE: ADS), a leading global provider of data-driven marketing and
loyalty solutions, provided an update on its Card Services
segment.
In connection with the release of the Company's Master Trust
Monthly Noteholder's Statement, the Company is releasing similar
metrics for the overall total managed portfolio. The Master Trust
data represents a subset of the Company's total managed portfolio,
and the Company believes the information presented below provides a
more complete view of the Card Services segment.
|
For
the
month
ended December 31, 2019
|
|
For
the
year
ended
December 31,
2019
|
|
(dollars in
thousands)
|
Average
receivables
|
$
|
18,661,165
|
|
$
|
17,298,238
|
Year over year change
in average receivables
|
|
7%
|
|
|
(1)%
|
Net
charge-offs
|
$
|
94,203
|
|
$
|
1,054,690
|
Net charge-offs as a
percentage of average receivables (1)
|
|
6.1%
|
|
|
6.1%
|
|
|
|
|
|
|
Active clients -
average receivables (2)
|
$
|
18,563,396
|
|
$
|
17,002,143
|
Year over year change
in active clients - average receivables (2)
|
|
12%
|
|
|
13%
|
_______________________________
|
|
|
|
|
|
(1) Compares to
5.4% and 6.1% for the month and year ended December 31, 2018,
respectively.
|
(2) Excludes
non-strategic clients.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
of
December 31,
2019
|
|
As
of
December 31,
2018
|
|
(dollars in
thousands)
|
30 days +
delinquencies - principal
|
$
|
1,067,537
|
|
$
|
954,504
|
Period ended
receivables - principal
|
$
|
18,413,117
|
|
$
|
16,869,925
|
Delinquency
rate
|
|
5.8%
|
|
|
5.7%
|
|
|
|
|
|
|
About Alliance Data
Alliance Data® (NYSE: ADS) is a leading
global provider of data-driven marketing and loyalty solutions
serving large, consumer-based industries. The Company creates and
deploys customized solutions, enhancing the critical customer
marketing experience; the result is measurably changing consumer
behavior while driving business growth and profitability for some
of today's most recognizable brands. Alliance Data helps its
clients create and increase customer loyalty through solutions that
engage millions of customers each day across multiple touch points
using traditional, digital, mobile and emerging technologies. An
S&P 500, FORTUNE 500 and FORTUNE 100 Best Companies to Work For
company headquartered in Columbus,
Ohio, Alliance Data consists of businesses that together
employ over 9,000 associates at more than 50 locations
worldwide.
Alliance Data's card services business is a
provider of market-leading private label, co-brand, and business
credit card programs. LoyaltyOne® owns and
operates the AIR MILES® Reward Program,
Canada's most recognized loyalty
program, and Netherlands-based
BrandLoyalty, a global provider of tailor-made loyalty
programs for grocers. More information about Alliance Data can
be found at www.AllianceData.com.
Follow Alliance Data on Twitter,
Facebook, LinkedIn,
Instagram and YouTube.
Forward-Looking Statements
This release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements give our expectations or forecasts of future events and
can generally be identified by the use of words such as "believe,"
"expect," "anticipate," "estimate," "intend," "project," "plan,"
"likely," "may," "should" or other words or phrases of similar
import. Similarly, statements that describe our business strategy,
outlook, objectives, plans, intentions or goals also are
forward-looking statements. Examples of forward-looking statements
include, but are not limited to, statements we make regarding
strategic initiatives, our expected operating results, future
economic conditions including currency exchange rates, future
dividend declarations and the guidance we give with respect to our
anticipated financial performance.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Further
risks and uncertainties include, but are not limited to, the impact
of strategic initiatives on us or our business if any transactions
are undertaken, and whether the anticipated benefits of such
transactions can be realized as well as whether or if any share
repurchases are completed.
Our forward-looking statements speak only as of the date
made, and we undertake no obligation, other than as required by
applicable law, to update or revise any forward-looking statements,
whether as a result of new information, subsequent events,
anticipated or unanticipated circumstances or otherwise.
Contact:
|
Investors/Analysts
|
|
Tiffany
Louder
|
|
Alliance
Data
|
|
214-494-3048
|
|
Tiffany.Louder@AllianceData.com
|
|
|
|
Media
|
|
Shelley
Whiddon
|
|
Alliance
Data
|
|
214-494-3811
|
|
Shelley.Whiddon@alliancedata.com
|
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SOURCE Alliance Data Systems Corporation