Bread Financial Holdings, Inc. · NYSE:BFH
Bread Financial — Alliance Data Systems — Investor Presentation (February 2011)
13 slides from Bread Financial's investor presentation, Feb 9, 2011
Slide 1: Alliance Data Q1 2011
Exhibit 99.1 Alliance Data NYSE: ADS Q1 2011 ©2010 ADS Alliance Data Systems, Inc. Confidential and Proprietary
Slide 2: A Unique Business Model.
NYSE: ADS | Q1 2011 2 A Unique Business Model. Alliance Data is the largest and most comprehensive provider of transaction-based marketing and loyalty solutions. Comprehensive suite of products that target the $190 billion direct and digital marketing channel: Advantages over traditional marketing c
Slide 3: Three Businesses. One Focus.
NYSE: ADS | Q1 2011 3 Three Businesses. One Focus. The largest and most comprehensive provider of transaction-based marketing and loyalty solutions. These solutions are delivered through 3 businesses: Private Label Designs, delivers and Designs and executes Drives sales for our manages a suite of RO
Slide 4: We work with the biggest brands in North America.
NYSE: ADS | Q1 2011 4 We work with the biggest brands in North America. ©2010 ADS Alliance Data Systems, Inc. Confidential and Proprietary
Slide 5: 2010 Operating Results
NYSE: ADS | Q1 2011 5 2010 Operating Results ($MM, except per share data) Year Ended December 31, 2009 2009 2010 % Change Actual Adjusted¹ Actual 10/09 Adjusted Revenue $1,964 $2,485 $2,791 12% Income from $3.06 $2.54 $3.51 38% continuing operations per diluted share Adjusted EBITDA $590 $717 $823 1
Slide 6: Liquidity and Capital
NYSE: ADS | Q1 2011 6 Liquidity and Capital Liquidity and Capital at December 31, 2010 Corporate: Bank Liquidity: Bank Capital: • $500 million in • $2.9 billion of available WFNNB Regulatory available liquidity liquidity Ratios at Dec. 31, • Diversified funding 2010: • Debt levels remain sources: co
Slide 7: 2011 Guidance
NYSE: ADS | Q1 2011 7 2011 Guidance Adjusted Actual % Guidance % 2009 ¹ 2010 Increase 2011 Increase Revenue $ 2.5 bn $ 2.8 bn 12% $ 3.0bn 8% Adjusted EBITDA $ 717 mm $ 823 mm 15% $ 900 mm 10% Income from continuing ops per share $ 2.54 $ 3.51 38% $ 4.66 33% Core EPS $ 4.64 $ 5.86 26% $ 6.75 15% 1 Se
Slide 8: 2011 Outlook
NYSE: ADS | Q1 2011 8 2011 Outlook Revenue and Core EPS Growth of at Least 8% and 15%, Respectively LoyaltyOne: Epsilon: Private Label: •Single-digit growth in both •Strongest growth rates in •Moderate portfolio growth revenue and adj. EBITDA the Company - 5% increase in ending A/R •Miles issued inc
Slide 9: The Business Model: Units Cycle Differently
NYSE: ADS | Q1 2011 9 The Business Model: Units Cycle Differently Strong Growth and Consistency Regardless of Macro Environment 2007 2008 2009 2010 2011 2012 Macro Good The Great Recession Moderate Macro Recovery Liquidity Crisis Massive Layoffs Weakened Consumer Confidence ---- Strong ADS Performan
Slide 10: Alliance Data’s Safe Harbor Statement and Forward-Looking Statements
NYSE: ADS | Q1 2011 10 Alliance Data’s Safe Harbor Statement and 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 statem
Slide 11: Financial Measures
NYSE: ADS | Q1 2011 11 Financial Measures In addition to the results presented in accordance with generally accepted accounting principles, or GAAP, the Company presents financial measures that are non-GAAP measures, such as constant currency financial measures, adjusted EBITDA, adjusted EBITDA marg
Slide 12: NYSE: ADS | Q1 2011 ©2010 ADS Alliance Data Systems, Inc. Confidential and Proprietary
NYSE: ADS | Q1 2011 12 * * * * * * * * * * * * * * * ©2010 ADS Alliance Data Systems, Inc. Confidential and Proprietary
Slide 13: Adjusted 2009 (MM, except per share)
NYSE: ADS | Q1 2011 13 Adjusted 2009 (MM, except per share) Year Ended December 31, 2009 Loan Loss Securitization Divested Bankruptcy Bargain Foreign Tax Reserve As Reported Expense Funding Costs Operations Change Purchase Gain Currency Loss Release Adjusted Revenue LoyaltyOne $ 715 $ 715 Epsilon 51
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