COLUMBUS, Ohio, March 16, 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
February 29,
2020
|
|
For the
two
months
ended
February 29,
2020
|
|
(dollars in
thousands)
|
Average
receivables
|
$
|
18,311,408
|
|
$
|
18,569,775
|
Year over year change
in average receivables
|
|
9%
|
|
|
9%
|
Net
charge-offs
|
$
|
104,420
|
|
$
|
218,039
|
Net charge-offs as a
percentage of average receivables (1)
|
|
6.8%
|
|
|
7.0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Compares to 6.3% and
6.5% for the month and two months ended February 28, 2019,
respectively. 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
February 29,
2020
|
|
As
of
February 28,
2019
|
|
|
|
|
|
(dollars in
thousands)
|
30 days +
delinquencies - principal
|
|
|
|
|
$
|
1,025,419
|
|
$
|
906,409
|
Period ended
receivables - principal
|
|
|
|
|
$
|
17,409,172
|
|
$
|
15,974,353
|
Delinquency
rate
|
|
|
|
|
|
5.9%
|
|
|
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
8,500 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, and
the guidance we give with respect to, our anticipated operating or
financial results, completion of strategic initiatives, future
dividend declarations, and future economic conditions, including,
but not limited to, fluctuation in currency exchange rates, market
conditions and COVID-19 impacts related to relief measures for
impacted borrowers and depositors, labor shortages due to
quarantine, reduction in demand from clients, supply chain
disruption for our reward suppliers and disruptions in the airline
or travel industries.
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. 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