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Affinion Group, Inc. (1361394) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Affinion Group, Inc.

CIK: 1361394

Exhibit 99.1

 

   More information:
  

Torrey Martin

   SVP, Communications and Corporate Development
   203.956.8746
   tmartin@affiniongroup.com

AFFINION GROUP HOLDINGS, INC. ANNOUNCES RESULTS FOR THE FIRST QUARTER

ENDED MARCH 31, 2017

REAFFIRMS FULL YEAR GUIDANCE FOR 2017

STAMFORD, Conn., May 12, 2017 – Affinion Group Holdings, Inc. (“Affinion Holdings” or the “Company”), a global leader in loyalty and customer engagement, announced today the financial results for the three month period ended March 31, 2017 (the “first quarter” or “quarter”) for itself and selected financial information for its wholly-owned subsidiary, Affinion Group, Inc. (“Affinion”).

Key Highlights

 

  Net revenues were $241.1 million in the first quarter of 2017.

 

  Income from operations was $38.1 million in the first quarter of 2017.

 

  Adjusted EBITDA (as defined in Note (e) of Table 6) was $59.9 million in the first quarter of 2017.

“Affinion is off to a strong start in 2017,” said Todd Siegel, the Company’s Chief Executive Officer. “Our core businesses continue to perform well, building on the positive momentum from last year. In particular, we are pleased with the results in our Global Loyalty segment with over 40% revenue growth, driven by our industry leading solutions with existing clients as well as our new client launches during the first quarter.”

“In addition, we recently closed on a transaction that extends our debt maturities to 2022,” continued Siegel. “The transaction provides the Company with sufficient runway to continue to invest in and capitalize on growth opportunities across our core businesses. For the remainder of 2017, we will continue to focus on maintaining and enhancing our broad range of content offerings, service capabilities and technology platforms. Our view remains that the overall business will return to growth in 2017 on a currency consistent basis.”

Notes: The Company does not provide reconciliations of guidance for Adjusted EBITDA to Income from operations, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include business optimization, restructuring and stock compensation costs, foreign exchange rate changes, as well as other non-cash and unusual items and other adjustments as defined under the Company’s debt agreements, that are difficult to predict in advance in order to include in a GAAP estimate.

Results Highlights

Notes: Adjusted EBITDA as referred to above excludes any pro forma impact of acquisitions and other actions. See Table 5 for a complete description of Adjusted EBITDA by segment and the related reconciliations to GAAP measures. See Tables 6 and 7 for a complete description of Adjusted EBITDA and the related reconciliations to GAAP measures.

 


The following information was filed by Affinion Group, Inc. on Friday, May 12, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Changes In Deficit
Condensed Consolidated Statements Of Comprehensive Income
Basis Of Presentation And Business Description
Basis Of Presentation And Business Description (policies)
Basis Of Presentation And Business Description - Additional Information (details)
Commitments And Contingencies
Commitments And Contingencies - Additional Information (details)
Contract Rights And List Fees, Net
Contract Rights And List Fees, Net (tables)
Contract Rights And List Fees, Net - Additional Information (details)
Contract Rights And List Fees, Net - Components Of Contract Rights And List Fees (details)
Financial Instruments, Derivatives And Fair Value Measures
Financial Instruments, Derivatives And Fair Value Measures (tables)
Financial Instruments, Derivatives And Fair Value Measures - Additional Information (details)
Financial Instruments, Derivatives And Fair Value Measures - Principal Cash Flows And Related Weighted-average Interest Rates By Expected Maturity (details)
Guarantor/non-guarantor Supplemental Financial Information
Guarantor/non-guarantor Supplemental Financial Information (tables)
Guarantor/non-guarantor Supplemental Financial Information - Additional Information (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Condensed Consolidating Balance Sheet (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Condensed Consolidating Statement Of Cash Flows (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Condensed Consolidating Statement Of Comprehensive Income (loss) (details)
Income Taxes
Income Taxes - Additional Information (details)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (tables)
Intangible Assets And Goodwill - Additional Information (details)
Intangible Assets And Goodwill - Schedule Of Amortizable Intangible Assets (details)
Intangible Assets And Goodwill - Schedule Of Amortization Expense Relating To Intangible Assets (details)
Intangible Assets And Goodwill - Schedule Of Changes In Carrying Amount Of Goodwill (details)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (details)
Long-term Debt - Additional Information 1 (details)
Long-term Debt - Additional Information 2 (details)
Long-term Debt - Additional Information 3 (details)
Long-term Debt - Additional Information 4 (details)
Long-term Debt - Additional Information 5 (details)
Long-term Debt - Additional Information 6 (details)
Long-term Debt - Components Of Long-term Debt (details)
Long-term Debt - Components Of Long-term Debt (parenthetical) (details)
Long-term Debt - Summary Of 2015 Exchange Offers And 2015 Rights Offering Impact On Recognition Of Debt (details)
Related Party Transactions
Related Party Transactions - Additional Information (details)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (details)
Segment Information - Reconciliation Of Segment Ebitda To Income From Operations (details)
Segment Information - Schedule Of Segment Information (details)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (details)
Stock-based Compensation - Schedule Of Fair Value Option Award (details)
Stock-based Compensation - Stock Options Granted To Employees (details)
Stock-based Compensation - Summary Of Option Activity (details)

Material Contracts, Statements, Certifications & more

Affinion Group, Inc. provided additional information to their SEC Filing as exhibits

CIK: 1361394
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-17-010684
Submitted to the SEC: Fri May 12 2017 11:12:20 AM EST
Accepted by the SEC: Fri May 12 2017
Period: Friday, March 31, 2017
Industry: Business Services

External Resources:
SEC.gov

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