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Affinion Group Holdings, Inc. (AFGR) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

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, 2017

GLOBAL LOYALTY FULL YEAR REVENUE INCREASES 35% YEAR OVER YEAR

STAMFORD, Conn., March 1, 2018 – 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, 2017 (the “fourth quarter” or “quarter” and “full year,” respectively).

Key Highlights

 

    Net revenues were $231.5 million in the fourth quarter of 2017 and $953.1 million for the full year.

 

    Income from operations was $37.0 million in the fourth quarter and $140.8 million for the full year.

 

    Adjusted EBITDA (as defined in Note (d) of Table 6) was $58.5 million in the fourth quarter and $235.2 million for the full year.

“During the fourth quarter, we saw solid results across our core businesses, highlighted by 23% revenue growth in our Global Loyalty segment and 7% Adjusted EBITDA growth in our core businesses,” said Todd Siegel, the Company’s Chief Executive Officer. “Over the past year, we have positioned ourselves with a solid foundation for long-term success. We have capitalized on the positive momentum in the Global Loyalty segment, continued to make significant investments in our technology platform and data analytics capabilities, and simplified our capital structure and extended debt maturities.”

“For 2018, we are focused on continued growth in our core businesses, led by new client launches in our Global Loyalty segment and engagement solutions platform business, and continued solid performance in Insurance,” continued Siegel. “Given the positive trends we see in the marketplace, we anticipate continued earnings growth in our core businesses, as compared to 2017 results.”    

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 Table 6 for a complete description of Adjusted EBITDA and the related reconciliations to GAAP measures.

Fourth Quarter Net Revenues

 

    Net revenues for the fourth quarter of 2017 decreased 0.4%, from $232.4 million in the fourth quarter of 2016 to $231.5 million. The decrease in overall net revenues was primarily due to the expected revenue declines in our non-core Legacy Membership and Package segment, mostly offset by higher Global Loyalty revenue.

 

    Net revenues for the three core business segments (Global Loyalty, Global Customer Engagement and Insurance Solutions) for the fourth quarter of 2017 increased 5.1%, from $191.5 million in the fourth quarter of 2016 to $201.3 million.

 

    Net revenues for the Legacy Membership and Package segment decreased 26.7%, from $41.2 million in the fourth quarter of 2016 to $30.2 million.


The following information was filed by Affinion Group Holdings, Inc. (AFGR) on Thursday, March 1, 2018 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)
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)
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)
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 Consolidating Balance Sheet (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Consolidating Statement Of Cash Flows (details)
Guarantor/non-guarantor Supplemental Financial Information - Schedule Of Consolidating Statement Of Comprehensive Income (loss) (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, Net
Long-term Debt, Net (tables)
Long-term Debt, Net - Additional Information - 2015 Exchange Offers (details)
Long-term Debt, Net - Additional Information - 2017 Exchange Offers, Issuance Of New Notes And New Warrants And Redemptions Of Other Existing Notes (details)
Long-term Debt, Net - Additional Information - Credit Agreement Refinancing And International Notes Redemption (details)
Long-term Debt, Net - Aggregate Maturities Of Debt, Including Capital Leases (details)
Long-term Debt, Net - Components Of Long-term Debt (details)
Long-term Debt, Net - Components Of Long-term Debt (parenthetical) (details)
Long-term Debt, Net - 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 - Summary Of Option Activity (details)
Stock-based Compensation - Summary Of Rsu Activity (details)
Subsequent Event
Subsequent Event - Additional Information (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: 0001564590-18-004158
Submitted to the SEC: Thu Mar 01 2018 5:25:10 PM EST
Accepted by the SEC: Thu Mar 01 2018
Period: Sunday, December 31, 2017
Industry: Business Services

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