Alliance Data Provides Card Services Performance Update For May 2019

Date : 06/17/2019 @ 12:30PM
Source : PR Newswire (US)
Stock : Alliance Data Systems (ADS)
Quote : 122.55  0.0 (0.00%) @ 1:00AM

Alliance Data Provides Card Services Performance Update For May 2019

Alliance Data Systems (NYSE:ADS)
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COLUMBUS, Ohio, June 17, 2019 /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.

Alliance Data logo. (PRNewsFoto)

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 Card Services segment.


For the

month ended
May 31, 2019


For the five

months ended

May 31, 2019


(dollars in thousands)

Average receivables

$

16,695,887


$

16,758,437

Year over year change in average receivables


(5)%



(5)%

Net charge-offs

$

87,058


$

444,456

Net charge-offs as a percentage of average receivables (1)


6.3%



6.4%







Active clients - average receivables (2)

$

16,667,898


$

16,735,108

Year over year change in active clients - average receivables (2)


10%



11%

________________________________







(1)  Compares to 6.4% and 6.5% for the month and five months ended May 31, 2018, respectively.

(2)  Excludes non-strategic clients.

 


As of

May 31, 2019


As of

May 31, 2018


(dollars in thousands)


30 days + delinquencies - principal

$

809,035


$

921,744

Period ended receivables - principal

$

16,241,546


$

17,057,237

Delinquency rate


5.0%



5.4%








The Company also maintains its 2019 guidance provided in the Company's first quarter earnings release issued April 25, 2019.

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 three businesses that together employ approximately 20,000 associates at more than 100 locations worldwide.

Alliance Data's card services business is a provider of market-leading private label, co-brand, and business credit card programs. Epsilon® is a leading provider of multichannel, data-driven technologies and marketing services, and also includes Conversant®, a leader in personalized digital marketing. 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.

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 additional strategic initiatives, the pending Epsilon transaction and whether closing conditions for such transaction will be satisfied or waived and the expected use of proceeds therefrom, 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 pending transaction involving Epsilon, whether such transaction will be completed, the possibility that closing conditions for the transaction may not be satisfied or waived, the impact of additional strategic initiatives on us or our business if any transactions are undertaken, and whether the benefits of such transactions can be achieved.

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

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/alliance-data-provides-card-services-performance-update-for-may-2019-300867962.html

SOURCE Alliance Data Systems Corporation

Copyright 2019 PR Newswire

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