Alliance Data Systems(BFH) - 2021 Q2 - Earnings Call Presentation

Financial Performance - Revenue increased by 3% year-over-year to $1.012 billion[10, 30] - Net income reached $273 million, including a $208 million net reserve release[10] - Diluted EPS was $5.47[10] - Credit sales increased significantly by 54% year-over-year to $7.401 billion, and 22% compared to 1Q21[10, 44] - Average receivables decreased by 5% year-over-year[10] - Total expenses excluding provision for loan loss declined 4%[10, 30] - Total earnings before tax (EBT) increased 691% to $372 million[30, 32] Segment Performance - Card Services revenue was $861 million, a 4% increase[32] - LoyaltyOne revenue remained flat at $151 million[32] - Card Services EBT was $404 million, a significant increase of 475%[32] - LoyaltyOne EBT was $24 million, a 2% increase[32] Key Business Metrics - AIR MILES reward miles issued increased 8% year-over-year to 1,139 million[44] - AIR MILES reward miles redeemed increased 32% year-over-year to 800 million[44] - Principal loss rate was 5.1%, a decrease of 2.5%[44]