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Affinion Group Holdings, Inc. (AFGR) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Affinion Group Holdings, Inc.

CIK: 1404624 Ticker: AFGR

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 FOURTH QUARTER

AND YEAR ENDED DECEMBER 31, 2016

ACHIEVES RESULTS IN LINE WITH FULL YEAR 2016 GUIDANCE

STAMFORD, Conn., March 31, 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- and twelve-month periods ended December 31, 2016 (the “fourth quarter” or “quarter” and “full year,” respectively) for itself and selected financial information for its wholly-owned subsidiary, Affinion Group, Inc. (“Affinion”).

Key Highlights

 

  Net revenues were $232.4 million in the fourth quarter of 2016 and $969.4 million for the full year.

 

  Income from operations was $27.6 million in the fourth quarter and $133.0 million for the full year.

 

  Adjusted EBITDA (as defined in Note (e) of Table 6) was $55.7 million in the fourth quarter and $235.0 million for the full year.

“As anticipated, 2016 was a transitional year for the Company, as strong growth in our three core businesses – loyalty, customer engagement and insurance - was offset by the expected decline in our Legacy Membership and Package segment,” said Todd Siegel, the Company’s Chief Executive Officer. “In addition, during 2016 we have successfully executed against our key initiatives, including the transition to a new global organizational structure, as well as generating significant wins and securing key renewals in Global Loyalty and Global Customer Engagement, all of which should provide for a solid foundation for the long-term success of the Company in 2017 and beyond.”

“For 2017, we anticipate meaningful earnings growth in our core businesses of Global Loyalty, Global Customer Engagement and Insurance, which we believe will be driven by double-digit growth in Global Loyalty,” continued Siegel. “Accordingly, we expect the overall business to 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 Holdings, Inc. (AFGR) on Friday, March 31, 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-K Annual 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-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Deficit
Consolidated Statements Of Comprehensive Income (loss)
Accounts Payable And Accrued Expenses
Accounts Payable And Accrued Expenses (tables)
Accounts Payable And Accrued Expenses - Components Of Accounts Payable And Accrued Expenses (details)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (details)
Acquisitions - Assets Acquired And Liabilities Assumed (details)
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 (tables)
Commitments And Contingencies - Additional Information (details)
Commitments And Contingencies - Schedule Of Future Minimum Lease Payments Required Under Non-cancelable Operating Leases (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)
Deficit
Deficit - Additional Information (detail)
Earning Per Share
Earning Per Share (tables)
Earnings Per Share - Additional Information (detail)
Earnings Per Share - Basic And Diluted Earnings (loss) Per Share (details)
Earnings Per Share - Basic And Diluted Earnings (loss) Per Share (parenthetical) (details)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (details)
Financial Instruments
Financial Instruments (tables)
Financial Instruments - Additional Information (details)
Financial Instruments - Principal Cash Flows And Related Weighted-average Interest Rates By Expected Maturity (details)
Financial Instruments - Schedule Of Fair Value Measured On Nonrecurring Basis (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (details)
Income Taxes - Schedule Of Deferred Income Tax Assets And Liabilities (details)
Income Taxes - Schedule Of Deferred Income Tax Assets And Liabilities (parenthetical) (details)
Income Taxes - Schedule Of Effective Income Tax Rate Differs From U.s. Federal Statutory Rate (details)
Income Taxes - Schedule Of Pre-tax Income (loss) For Domestic And Foreign Operations Before Non-controlling Interests (details)
Income Taxes - Schedule Of Reconciliation Of Beginning And Ending Amount Of Tax Reserves For Uncertain Tax Positions (details)
Income Taxes - Summary Of Income Tax Expense (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 - Aggregate Maturities Of Debt, Including Capital Leases (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)
Other Current Assets
Other Current Assets (tables)
Other Current Assets - Schedule Of Other Current Assets (details)
Property And Equipment, Net
Property And Equipment, Net (tables)
Property And Equipment, Net - Additional Information (details)
Property And Equipment, Net - Components Of Property And Equipment, Net (details)
Property And Equipment, Net - Components Of Property And Equipment, Net (parenthetical) (details)
Related Party Transactions
Related Party Transactions - Additional Information (details)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (details)
Segment Information - Assets By Geographic Area (details)
Segment Information - Reconciliation Of Assets By Segment To Consolidated (details)
Segment Information - Reconciliation Of Capital Expenditures By Segment To Consolidated (details)
Segment Information - Reconciliation Of Depreciation And Amortization By Segment To Consolidated (details)
Segment Information - Reconciliation Of Segment Ebitda To Income From Operations (details)
Segment Information - Revenue By Geographic Area (details)
Segment Information - Schedule Of Segment Information (details)
Selected Quarterly Financial Data
Selected Quarterly Financial Data (tables)
Selected Quarterly Financial Data - Summary Of Selected Quarterly Financial Data (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)
Stock-based Compensation - Summary Of Rsu Activity (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (details)
Summary Of Significant Accounting Policies - Allowance For Doubtful Accounts (details)
Summary Of Significant Accounting Policies - Amortization Method And Estimated Useful Lives Of Intangible Assets (details)
Ticker: AFGR
CIK: 1404624
Form Type: 10-K Annual Report
Accession Number: 0001564590-17-005848
Submitted to the SEC: Fri Mar 31 2017 5:11:14 PM EST
Accepted by the SEC: Fri Mar 31 2017
Period: Saturday, December 31, 2016
Industry: Business Services

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