Alliance Data Provides Private Label Performance Update for May 2009
June 15 2009 - 7:30AM
PR Newswire (US)
DALLAS, June 15 /PRNewswire-FirstCall/ -- Alliance Data Systems
Corporation (NYSE:ADS), a leading provider of loyalty and marketing
solutions derived from transaction-rich data, today provided an
update on its Private Label Credit segment. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO ) In
conjunction 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 Private Label Credit segment. For the For
the five month ended months ended May 31, 2009 May 31, 2009 Average
managed receivables $4,208,556 $4,241,272 Year over year portfolio
growth 10% 10% Net charge-offs 35,762 163,612 Net charge-offs as a
percentage of average managed receivables(1) 10.2% 9.3% (1) May's
loss rate is consistent with the second quarter's seasonal drift
upwards for credit losses. June's loss rate is currently running
favorable to May's rate. For the quarter, the loss rate is expected
to be in the high 9s. Additionally, any incremental increase in the
loss rate versus guidance is expected to be mitigated by lower
costs of funds. About Alliance Data Alliance Data (NYSE:ADS) and
its family of businesses is a leading provider of loyalty and
marketing solutions derived from transaction-rich data. Through the
creation and deployment of customized solutions that measurably
change consumer behavior, Alliance Data helps its clients to create
and enhance customer loyalty to build stronger, mutually beneficial
relationships with their customers. The Company manages millions of
customer relationships for some of North America's largest and most
recognizable brands, helping them grow their businesses and drive
profitability. Headquartered in Dallas, Alliance Data employs
approximately 7,000 associates at approximately 50 locations
worldwide. Alliance Data is a leading provider of marketing-driven
credit solutions, and is the parent company of Epsilon(R), a
leading provider of multi-channel, data-driven technologies and
marketing services, and LoyaltyOne(TM), which owns and operates the
AIR MILES(R) Reward Program, Canada's premier coalition loyalty
program. For more information about the company, visit its web
site, http://www.alliancedata.com/. Alliance Data's Safe Harbor
Statement/Forward Looking Statements This release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements may
use words such as "anticipate," "believe," "estimate," "expect,"
"intend," "predict," "project" and similar expressions as they
relate to us or our management. When we make forward-looking
statements, we are basing them on our management's beliefs and
assumptions, using information currently available to us. Although
we believe that the expectations reflected in the forward-looking
statements are reasonable, these forward-looking statements are
subject to risks, uncertainties and assumptions, including those
discussed in our filings with the Securities and Exchange
Commission. If one or more of these or other risks or uncertainties
materialize, or if our underlying assumptions prove to be
incorrect, actual results may vary materially from what we
projected. Any forward-looking statements contained in this
presentation reflect our current views with respect to future
events and are subject to these and other risks, uncertainties and
assumptions relating to our operations, results of operations,
growth strategy and liquidity. These risks, uncertainties and
assumptions include those made with respect to and any developments
related to the termination of the proposed merger with an affiliate
of The Blackstone Group, including risks and uncertainties arising
from actions that the parties to the merger agreement or third
parties may take in connection therewith. We have no intention, and
disclaim any obligation, to update or revise any forward-looking
statements, whether as a result of new information, future results
or otherwise. "Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: Statements in this presentation
regarding Alliance Data Systems Corporation's business which are
not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report on Form 10-K for the most
recently ended fiscal year. Risk factors may be updated in Item 1A
in each of the Company's Quarterly Reports on Form 10-Q for each
quarterly period subsequent to the Company's most recent Form 10-K.
http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO
http://photoarchive.ap.org/ DATASOURCE: Alliance Data Systems
Corporation CONTACT: Julie Prozeller, Investors-Analysts, Financial
Dynamics, +1-212-850-5721, , for Alliance Data; or Shelley Whiddon,
Media, Alliance Data, +1-972-348-4310, Web Site:
http://www.alliancedata.com/
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