BREAD FINANCIAL HOLDINGS, INC. 
By DALLAS, Jan. 15, 2013 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven and transaction-based marketing and customer loyalty solutions, today provided an update on its Private Label segment.
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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 segment.
For the one For the three
month ended months ended
December 31, 2012 December 31, 2012
----------------- -----------------
(dollars in thousands)
Average
receivables $7,128,095 $6,799,812
Year over year
change in
average
receivables 31% 31%
Net charge-offs $27,851 $79,942
Net charge-offs
as a percentage
of average
receivables(1) 4.7% 4.7%
Pro forma net
charge-offs as
a percentage of
average
receivables(2) 5.1% 5.1%
As of As of
December 31,
2012 December 31, 2011
------------ -----------------
(dollars in thousands)
30 days + delinquencies -
principal $283,188 $235,607
Period ended receivables
-principal $7,097,951 $5,408,862
Delinquency rate 4.0% 4.4%
(1) The net charge-off rate was
6.2% and 6.3% for the one month
and three months ended December
31, 2011, respectively.
(2) The Company acquired the credit
card receivables of Bon Ton,
Inc. and Talbots, Inc. on July
24, 2012 and August 3, 2012
respectively. Included in the
pro forma net charge-off rate
are those losses associated
with the purchased credit card
receivables. Under generally
accepted accounting principles,
such losses are reflected in
the fair value of the purchased
credit card receivables and not
reported as net charge-offs.
The Company believes that it is
meaningful to investors to see
the net charge-off rate that
includes losses on these
acquired credit card
receivables as it is more
indicative of a normalized loss
rate.
About Alliance Data
Alliance Data® (NYSE: ADS) and its combined businesses is North America's largest and most comprehensive provider of transaction-based, 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 other emerging technologies. Headquartered in Dallas, Alliance Data and its three businesses employ approximately 11,000 associates at more than 70 locations worldwide.
Alliance Data consists of three businesses: Alliance Data Retail Services, a leading provider of marketing-driven credit solutions; Epsilon®, a leading provider of multichannel, data-driven technologies and marketing services; and LoyaltyOne®, which owns and operates the AIR MILES® Reward Program, Canada's premier coalition loyalty program. For more information about the company, visit our web site, www.AllianceData.com, or you can follow us on Twitter at www.Twitter.com/AllianceData.
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. 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, except as required by law.
"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.
SOURCE Alliance Data Systems Corporation
