COLUMBUS, Ohio, Feb. 18,
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
January 31,
2020
|
|
(dollars in
thousands)
|
|
Average
receivables
|
$
|
18,828,142
|
|
Year over year change
in average receivables
|
|
9%
|
|
Net
charge-offs
|
$
|
113,618
|
|
Net charge-offs as a
percentage of average receivables (1)
|
|
7.2%
|
|
|
|
|
|
|
|
|
|
(1)
|
Compares to 6.6% for
the month ended January 31, 2019. The Company maintains its
estimate of a 20 to 30 basis point increase in its 2020 full year
net charge-off rate, as compared to 2019.
|
|
As
of
January 31,
2020
|
|
As
of
January 31,
2019
|
|
(dollars in
thousands)
|
|
|
30 days +
delinquencies - principal
|
$
|
1,061,921
|
|
$
|
940,979
|
|
Period ended
receivables - principal
|
$
|
17,817,511
|
|
$
|
16,358,851
|
|
Delinquency
rate
|
|
6.0%
|
|
|
5.8%
|
|
|
|
|
|
|
|
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