Affinion Group, Inc. Announces Results for the Second Quarter Ended June 30, 2010

TABLE 1

AFFINION GROUP, INC.
UNAUDITED SUPPLEMENTAL DATA FOR SELECTED
BUSINESS SEGMENTS

The following table provides data for selected business segments.  
Member and insured amounts in thousands, except dollars and percentages

Three Months Ended
June 30,

Six Months Ended
June 30,

2010

2009

2010

2009

Global Membership Products :

   Retail

       Average Members^(1) (2) 

7,055

7,886

7,233

7,974

       Annualized Net Revenue Per Average Member⁽³⁾

$  91.25

$  80.80

$  88.99

$  79.20

   Average Retail Members including wholesale formerly retail and other^(2) (4)

9,005

9,874

9,175

9,969

Affinion North America:

Membership Products -

   Retail

       Average Members⁽¹⁾ 

6,572

7,285

6,732

7,373

       % Monthly Members

62.0%

51.2%

61.1%

49.1%

       % Annual Members

38.0%

48.8%

38.9%

50.9%

       Annualized Net Revenue Per Average Member⁽³⁾

$  91.04

$  80.01

$  88.51

$  78.92

   Wholesale

       Average Members⁽¹⁾ 

5,817

5,777

5,800

5,523

       Portion for service formerly retail and other ⁽⁴⁾

1,844

1,988

1,845

1,995

   Average Retail Members including wholesale formerly retail and other ⁽⁴⁾

8,416

9,273

8,577

9,368

Insurance and Package Products -

   Insurance

       Average Basic Insured⁽¹⁾ 

22,598

23,532

22,816

23,316

       Average Supplemental Insured

4,419

4,569

4,445

4,585

       Annualized Net Revenue per Supplemental Insured⁽³⁾

$  62.05

$  54.31

$  60.40

$  53.95

   Package

       Average Members⁽¹⁾

7,981

6,148

7,796

5,973

       Annualized Net Revenue Per Average Member⁽³⁾

$  7.94

$  11.68

$  8.27

$  12.03

Affinion International:

International Products -

   Package

       Average Members⁽¹⁾

16,401

15,959

16,623

16,097

       Annualized Net Revenue Per Average Package Member⁽³⁾

$  6.75

$  7.39

$  7.20

$  7.19

   Other Retail Membership

       Average Members⁽¹⁾

1,280

1,476

1,280

1,529

       Annualized Net Revenue Per Average Member⁽³⁾

$  37.37

$  34.60

$  38.46

$  32.35

   New Retail Membership

       Average Members⁽¹⁾

483

601

501

601

       Annualized Net Revenue Per Average Member⁽³⁾

$  94.13

$  90.33

$  95.37

$  82.55

       Fee for service formerly retail ⁽⁴⁾

106

-

97

-

       New retail including formerly retail ⁽⁴⁾

589

601

598

601

(1)   Average Members and Average Basic Insured for the period are each calculated by determining the average members
or insureds, as applicable, for each month (adding the number of members or insureds, as applicable, at the beginning
of the month with the number of members or insureds, as applicable, at the end of the month and dividing that total by two)
for each of the months in the period and then averaging that result for the period. A member's or insured's, as applicable,
account is added or removed in the period in which the member or insured, as applicable, has joined or cancelled.

(2)   Includes International Operations New Retail Average Members. 

(3)   Annualized Net Revenue Per Average Member and Annualized Net Revenue Per Supplemental Insured are each
calculated by taking the revenues as reported for the period and dividing it by the average members or insureds, as
applicable, for the period. Quarterly periods are then multiplied by four to annualize this amount for comparative purposes.
Upon cancellation of a member or an insured, as applicable, the member's or insured's, as applicable, revenues, are no
longer recognized in the calculation.

(4)   Certain programs historically offered as retail arrangements are currently offered as wholesale arrangements where
the Company receives lower annualized price points and pays no related commission expense. Additionally, more
recently, the Company has entered into other relationships with new and existing affinity partners, including arrangements
where the affinity partner offers the Company's membership programs at point of sale retail locations to their customers.

TABLE 2

AFFINION GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF JUNE 30, 2010 AND DECEMBER 31, 2009
(In millions, except share amounts)

June 30,
2010

December 31,
2009

Assets

Current assets:

Cash and cash equivalents

$  276.1

$  69.8

Restricted cash

37.1

35.0

Receivables (net of allowance for doubtful accounts of $1.1 and $0.4, respectively)

94.5

112.2

Receivables from related parties

8.3

10.9

Profit-sharing receivables from insurance carriers

78.7

71.8

Prepaid commissions

60.1

64.7

Income taxes receivable

5.2

2.2

Other current assets

56.2

53.1

Total current assets

616.2

419.7

Property and equipment, net

105.0

98.9

Contract rights and list fees, net

28.3

34.3

Goodwill

314.9

318.8

Other intangibles, net

427.6

474.4

Receivables from related parties

3.8

3.5

Other non-current assets

148.9

119.8

Total assets

$  1,644.7

$  1,469.4

Liabilities and Deficit

Current liabilities:

Current portion of long-term debt

$  9.0

$  20.2

Accounts payable and accrued expenses

308.8

281.4

Payables to related parties

17.6

14.7

Deferred revenue

178.6

199.1

Income taxes payable

4.5

6.6

Total current liabilities

518.5

522.0

Long-term debt

1,660.4

1,423.2

Deferred income taxes

37.6

34.6

Deferred revenue

25.1

30.5

Other long-term liabilities

69.1

65.9

Total liabilities

2,310.7

2,076.2

Commitments and contingencies

Deficit:

Common stock and additional paid-in capital, $0.01 par value, 1,000 shares authorized, and 100 shares issued and outstanding

281.7

285.5

Accumulated deficit

(952.7)

(905.2)

Accumulated other comprehensive income

4.3

11.7

Total Affinion Group, Inc. deficit

(666.7)

(608.0)

Non-controlling interest in subsidiary

0.7

1.2

Total deficit

(666.0)

(606.8)

Total liabilities and deficit

$  1,644.7

$  1,469.4

TABLE 3

AFFINION GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2010 AND 2009
(In millions)

For the Three Months Ended

For the Six Months Ended

June 30,
2010 

June 30,
2009 

June 30,
2010 

June 30,
2009 

Net revenues

$  340.5

$  333.5

$  683.7

$  667.5

Expenses:

   Cost of revenues, exclusive of depreciation and amortization shown separately below:

       Marketing and commissions

141.1

152.1

279.8

291.9

       Operating costs

89.3

85.9

183.2

173.0

   General and administrative

38.2

24.7

73.6

56.3

   Facility exit costs

8.0

—

8.0

—

   Depreciation and amortization

48.6

51.2

97.1

101.5

       Total expenses

325.2

313.9

641.7

622.7

Income from operations

15.3

19.6

42.0

44.8

Interest income

3.7

0.8

7.2

1.0

Interest expense

(41.8)

(23.7)

(79.5)

(58.5)

Loss on extinguishment of debt

(7.4)

—

(7.4)

—

Other (expense) income, net

(0.1)

1.5

(1.9)

(6.7)

Loss before income taxes and non-controlling interest

(30.3)

(1.8)

(39.6)

(19.4)

Income tax expense

(4.2)

(1.0)

(7.4)

(3.5)

Net loss

(34.5)

(2.8)

(47.0)

(22.9)

Less: net income attributable to non-controlling interest

(0.2)

(0.2)

(0.5)

(0.4)

Net loss attributable to Affinion Group, Inc.

$  (34.7)

$  (3.0)

$  (47.5)

$  (23.3)

TABLE 4

AFFINION GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2010 AND 2009
(In millions)

For the Six Months Ended

June 30, 2010

June 30, 2009  

Operating Activities

   Net loss

$  (47.0)

$  (22.9)

   Adjustments to reconcile net loss to net cash provided by operating activities:

       Depreciation and amortization

97.1

101.5

       Amortization of favorable and unfavorable contracts

(1.1)

(1.1)

       Amortization of debt discount and financing costs

5.3

3.2

       Unrealized loss (gain) on interest rate swaps

6.0

(2.8)

       Unrealized foreign currency transaction loss

1.9

6.8

       Loss on extinguishment of debt

7.4

—

       Facility exit costs

8.0

—

       Stock-based compensation

4.2

2.6

       Interest accretion on held-to-maturity debt securities

(4.0)

(0.4)

       Deferred income taxes

5.8

(3.6)

       Payment received for assumption of loyalty points program liability

2.7

0.7

   Net change in assets and liabilities:

       Restricted cash

(2.6)

0.9

       Receivables

11.7

(1.3)

       Receivables from and payables to related parties

(4.0)

3.8

       Profit-sharing receivables from insurance carriers

(7.2)

24.3

       Prepaid commissions

4.0

(4.1)

       Other current assets

(5.7)

0.2

       Contract rights and list fees

0.7

(1.0)

       Other non-current assets

(7.1)

(2.6)

       Accounts payable and accrued expenses

24.6

9.8

       Deferred revenue

(23.3)

(16.4)

       Income taxes receivable and payable

(5.2)

4.1

       Other long-term liabilities

(0.8)

(3.9)

       Other, net

6.2

(3.5)

           Net cash provided by operating activities

77.6

94.3

Investing Activities

   Capital expenditures

(20.5)

(15.6)

   Restricted cash

(0.6)

—

   Purchase of held-to-maturity debt securities of Affinion Group Holdings, Inc

—

(44.8)

   Acquisition-related payments, net of cash acquired

(37.5)

(2.3)

   Other investing activity

(1.0)

—

           Net cash used in investing activities

(59.6)

(62.7)

Financing Activities

   Proceeds from new borrowings

875.0

—

   Principal payments on borrowings

(650.9)

(6.6)

   Proceeds from issuance of senior notes

—

136.5

   Deferred financing costs

(27.0)

(3.4)

   Repayments under line of credit, net

—

(57.0)

   Return of capital to parent company

(3.8)

(24.1)

   Distribution to non-controlling interest

(1.0)

(0.7)

           Net cash provided by financing activities

192.3

44.7

Effect of changes in exchange rates on cash and cash equivalents

(4.0)

1.0

Net increase in cash and cash equivalents

206.3

77.3

Cash and cash equivalents, beginning of period

69.8

36.3

Cash and cash equivalents, end of period

$  276.1

$  113.6

Supplemental Disclosure of Cash Flow Information:

Interest payments

$  64.7

$  56.2

Income tax payments

$  7.0

$  2.7

TABLE 5

AFFINION GROUP, INC.
UNAUDITED COMPARISON OF 2010 TO 2009 RESULTS
(In millions)

The following table summarizes our consolidated results of operations for the three and six months ended June 30, 2010 and 2009.

For the Three Months Ended

June 30,
2010 

June 30,
2009 

Increase
(Decrease) 

Net revenues

$  340.5

$  333.5

$         7.0

Expenses:

   Cost of revenues, exclusive of depreciation and amortization shown separately below:

        Marketing and commissions

141.1

152.1

(11.0)

        Operating costs

89.3

85.9

3.4

   General and administrative

38.2

24.7

13.5

   Facility exit costs

8.0

—

8.0

   Depreciation and amortization

48.6

51.2

(2.6)

       Total expenses

325.2

313.9

11.3

Income from operations

15.3

19.6

(4.3)

Interest income

3.7

0.8

2.9

Interest expense

(41.8)

(23.7)

(18.1)

Loss on extinguishment of debt

(7.4)

—

(7.4)

Other (expense) income, net

(0.1)

1.5

(1.6)

Loss before income taxes and non-controlling interest

(30.3)

(1.8)

(28.5)

Income tax expense

(4.2)

(1.0)

(3.2)

Net loss

(34.5)

(2.8)

(31.7)

Less: net income attributable to non-controlling interest

(0.2)

(0.2)

—

Net loss attributable to Affinion Group, Inc.

$  (34.7)

$  (3.0)

$  (31.7)

For the Six Months Ended

June 30,
2010 

June 30,
2009 

Increase
(Decrease) 

Net revenues

$  683.7

$  667.5

$         16.2

Expenses:

   Cost of revenues, exclusive of depreciation and amortization shown separately below:

        Marketing and commissions

279.8

291.9

(12.1)

        Operating costs

183.2

173.0

10.2

   General and administrative

73.6

56.3

17.3

   Facility exit costs

8.0

—

8.0

   Depreciation and amortization

97.1

101.5

(4.4)

       Total expenses

641.7

622.7

19.0

Income from operations

42.0

44.8

(2.8)

Interest income

7.2

1.0

6.2

Interest expense

(79.5)

(58.5)

(21.0)

Loss on extinguishment of debt

(7.4)

—

(7.4)

Other expense

(1.9)

(6.7)

4.8

Loss before income taxes and non-controlling interest

(39.6)

(19.4)

(20.2)

Income tax expense

(7.4)

(3.5)

(3.9)

Net loss

(47.0)

(22.9)

(24.1)

Less: net income attributable to non-controlling interest

(0.5)

(0.4)

(0.1)

Net loss attributable to Affinion Group, Inc.

$  (47.5)

$  (23.3)

$  (24.2)

TABLE 6

AFFINION GROUP, INC.
UNAUDITED OPERATING SEGMENT RESULTS
(In millions)

Net revenues and Segment EBITDA by operating segment are as follows:

Net Revenues

Segment EBITDA (1)

For the Three Months
Ended June 30,

For the Three Months
Ended June 30,

2010

2009

Increase
(Decrease)

2010

2009

Increase
(Decrease)

Affinion North America

Membership products

$  172.9

$  172.1

$          0.8

$  30.3

$  30.1

$        0.2

Insurance and package products

89.1

84.0

5.1

26.4

26.0

0.4

Loyalty products

21.7

17.3

4.4

6.6

6.2

0.4

Eliminations

(0.8)

(1.0)

0.2

—

—

—

    Total North America

282.9

272.4

10.5

63.3

62.3

1.0

Affinion International

International products

57.6

61.1

(3.5)

5.6

10.1

(4.5)

    Total products

340.5

333.5

7.0

68.9

72.4

(3.5)

Corporate

—

—

—

(5.0)

(1.6)

(3.4)

    Total

$  340.5

$  333.5

$         7.0

63.9

70.8

(6.9)

Depreciation and amortization

(48.6)

(51.2)

2.6

    Income from operations

$  15.3

$      19.6

$      (4.3)

Net Revenues  

Segment EBITDA (1)  

For the Six Months
Ended June 30,

For the Six Months 
Ended June 30, 

2010 

2009 

Increase
(Decrease)

2010  

2009 

Increase
(Decrease)

Affinion North America

Membership products

$  345.8

$  349.7

$          (3.9)

$  69.9

$  66.4

$        3.5

Insurance and package products

176.9

167.6

9.3

53.8

55.5

(1.7)

Loyalty products

40.9

34.6

6.3

12.1

11.3

0.8

Eliminations

(1.7)

(2.0)

0.3

—

—

—

    Total North America

561.9

549.9

12.0

135.8

133.2

2.6

Affinion International

International products

121.8

117.6

4.2

13.3

16.2

(2.9)

    Total products

683.7

667.5

16.2

149.1

149.4

(0.3)

Corporate

—

—

—

(10.0)

(3.1)

(6.9)

    Total

$  683.7

$  667.5

$         16.2

139.1

146.3

(7.2)

Depreciation and amortization

(97.1)

(101.5)

4.4

    Income from operations

$  42.0

$      44.8

$      (2.8)

(1)   See Reconciliation of Non-GAAP Financial Measures on Table 7 for a discussion on Segment EBITDA.  

TABLE 7

AFFINION GROUP, INC.
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
TO GAAP FINANCIAL MEASURES (UNAUDITED)
(In millions, except ratios)

Set forth below is a reconciliation of our consolidated net cash provided by operating activities for the twelve months ended June 30, 2010
and the three and six months ended June 30, 2010 and 2009 to our Adjusted EBITDA.

For the Twelve
Months Ended
June 30,

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2010^(a)

2010

2009

2010

2009

Net cash provided by operating activities

$  86.1

$  13.7

$  28.0

$  77.6

$  94.3

Interest expense, net

136.4

38.1

22.9

72.3

57.5

Income tax expense

15.7

4.2

1.0

7.4

3.5

Amortization of favorable and unfavorable contracts

2.2

0.5

0.6

1.1

1.1

Amortization of debt discount and financing costs

(10.3)

(2.8)

(1.7)

(5.3)

(3.2)

Unrealized (loss) gain on interest rate swaps

(7.9)

(1.6)

7.2

(6.0)

2.8

Deferred income taxes

(13.9)

3.7

(0.1)

(5.8)

3.6

Interest accretion on held-to-maturity debt securities

7.9

2.0

0.4

4.0

0.4

Payment received for assumption of loyalty points program liability

(8.7)

(2.7)

(0.7)

(2.7)

(0.7)

Changes in assets and liabilities

98.7

18.7

15.5

8.7

(10.3)

Effect of the Transactions, reorganizations, certain legal costs, and net cost savings ^(b)

7.7

4.8

(0.6)

4.4

(1.3)

Other, net ^(c)

18.5

6.9

(1.6)

12.5

0.3

Adjusted EBITDA^(d)(e)

$  332.4

$     85.5

$   70.9

$   168.2

$   148.0

(a)   Represents consolidated financial data for the year ended December 31, 2009, minus consolidated financial data for the six months
ended June 30, 2009 plus consolidated financial data for the six months ended June 30, 2010.

(b)   Effect of the Transactions, reorganizations, certain legal costs and net cost savings – eliminates the effects of the Transactions, legal
expenses for certain legal matters, and certain severance costs.

(c)   Other, net—represents the elimination of changes in certain other reserves, foreign currency gains and losses relating to unusual,
non-recurring intercompany transactions, the loss from an investment accounted for under the equity method, consulting fees paid to
Apollo, costs related to acquisitions and facility exit costs.

(d)   Adjusted EBITDA consists of income from operations before depreciation and amortization further adjusted to exclude non-cash
and unusual items and other adjustments permitted in our debt agreements to test the permissibility of certain types of transactions,
including debt incurrence. We believe that the inclusion of Adjusted EBITDA is appropriate as a liquidity measure. Adjusted EBITDA is
not a measurement of liquidity or financial performance under U.S. GAAP and Adjusted EBITDA may not be comparable to similarly titled
measures of other companies. You should not consider Adjusted EBITDA as an alternative to cash flows from operating activities determined
in accordance with U.S. GAAP, as an indicator of cash flows, as a measure of liquidity, as an alternative to operating or net income
determined in accordance with U.S. GAAP or as an indicator of operating performance.

(e)   Adjusted EBITDA does not give pro forma effect to our acquisition of a marketing services and procurement services provider from a
leading Italian financial institution that was completed in the fourth quarter of 2009 and the acquisition of credit card registration
membership contracts from a U.S.-based financial institution that was completed in the first quarter of 2010.  However, we do make
such accretive pro forma adjustment as if such acquisitions had occurred on July 1, 2009 in calculating the Adjusted EBITDA under
our amended and restated senior secured credit facility and the indentures governing our senior notes and senior subordinated notes.  

TABLE 7 – cont'd

Set forth below is a reconciliation of our consolidated net loss for the twelve months ended June 30, 2010
and the three and six months ended June 30, 2010 and 2009 to our Adjusted EBITDA.

For the Twelve
Months Ended
June 30,

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2010^(a)  

2010  

2009  

2010 

2009  

Net loss attributable to Affinion Group, Inc.

$  (74.2)

$  (34.7)

$  (3.0)

$  (47.5)

$  (23.3)

Interest expense, net

136.4

38.1

22.9

72.3

57.5

Income tax expense

15.7

4.2

1.0

7.4

3.5

Non-controlling interest

1.0

0.2

0.2

0.5

0.4

Other expense (income), net

7.1

0.1

(1.5)

1.9

6.7

Loss on extinguishment of debt

7.4

7.4

—

7.4

—

Depreciation and amortization

196.6

48.6

51.2

97.1

101.5

Effect of the Transactions, reorganizations and non-recurring revenues and gains ^(b)

(6.9)

(1.5)

(1.9)

(3.2)

(3.8)

Certain legal costs ^(c)

7.9

4.4

0.1

5.2

(0.1)

Net cost savings ^(d)

6.7

1.9

1.2

2.4

2.6

Other, net ^(e)

34.7

16.8

0.7

24.7

3.0

Adjusted EBITDA^(f)(g)

$  332.4

$  85.5

$  70.9

$  168.2

$  148.0

Interest coverage ratio^(h)

2.61

Consolidated leverage ratio⁽ⁱ⁾

4.91

Fixed charge coverage ratio ^(j)

2.42

(a)   Represents consolidated financial data for the year ended December 31, 2009, minus consolidated financial data for the
six months ended June 30, 2009 plus consolidated financial data for the six months ended June 30, 2010.

(b)   Effect of the Transactions, reorganizations and non-recurring revenues and gains – eliminates the effects of the Transactions.

(c)   Certain legal costs – represents the elimination of legal costs, net of reimbursements, for certain litigation matters.

(d)   Net cost savings – represents the elimination of severance costs incurred.

(e)   Other, net – represents the elimination of (i) net changes in certain reserves, (ii) stock-based compensation expense, (iii) 
foreign currency gains and losses relating to unusual, non-recurring intercompany transactions, (iv) the loss from an investment
accounted for under the equity method, (v) non-recurring costs related to acquisitions, (vi) consulting fees paid to Apollo and (vii)
facility exit costs.

(f)   Adjusted EBITDA consists of income from operations before depreciation and amortization further adjusted to exclude
non-cash and unusual items and other adjustments permitted in our debt agreements to test the permissibility of certain
types of transactions, including debt incurrence. We believe that the inclusion of Adjusted EBITDA is appropriate as a liquidity
measure. Adjusted EBITDA is not a measurement of liquidity or financial performance under U.S. GAAP and Adjusted EBITDA
may not be comparable to similarly titled measures of other companies. You should not consider Adjusted EBITDA as an
alternative to cash flows from operating activities determined in accordance with U.S. GAAP, as an indicator of cash flows,
as a measure of liquidity, as an alternative to operating or net income determined in accordance with U.S. GAAP or as an
indicator of operating performance.  

(g)   Adjusted EBITDA does not give pro forma effect to our acquisition of a marketing services and procurement services
provider from a leading Italian financial institution that was completed in the fourth quarter of 2009 and the acquisition of
credit card registration membership contracts from a U.S.-based financial institution that was completed in the first quarter
of 2010.  However, we do make such accretive pro forma adjustment as if such acquisitions had occurred on July 1, 2009
in calculating the Adjusted EBITDA under our amended and restated senior secured credit facility and the indentures
governing our senior notes and senior subordinated notes.

(h)   The interest coverage ratio is defined in our amended and restated senior secured credit facility (Adjusted EBITDA,
as defined, to interest expense, as defined). The interest coverage ratio must be greater than 1.75 to 1.0 at June 30, 2010.

(i)   The consolidated leverage ratio is defined in our amended and restated senior secured credit facility (total debt, as
defined, to Adjusted EBITDA, as defined). The consolidated leverage ratio must be less than 6.75 to 1.0 at June 30, 2010.

(j)   The fixed charge coverage ratio is defined in the indentures governing our senior notes and our senior subordinated
notes (consolidated cash flows, as defined, which is equivalent to Adjusted EBITDA (as defined in our amended and restated
senior secured credit facility) to fixed charges, as defined). The calculation of fixed charges excludes the amortization of
deferred financing fees associated with the amended and restated senior secured credit facility entered into on April 9, 2010.

Set forth below is a reconciliation of our consolidated net loss for the twelve months ended June 30, 2010 and the three and six months
ended June 30, 2010 and 2009 to our Segment EBITDA.

For the Twelve
Months Ended
June 30,

For the Three Months
Ended June 30,

For the Six Months
Ended June 30,

2010^(a)

2010

2009

2010

2009

Net loss attributable to Affinion Group, Inc

$  (74.2)

$  (34.7)

$  (3.0)

$  (47.5)

$  (23.3)

Interest expense, net

136.4

38.1

22.9

72.3

57.5

Income tax expense

15.7

4.2

1.0

7.4

3.5

Non-controlling interest

1.0

0.2

0.2

0.5

0.4

Other expense (income), net

7.1

0.1

(1.5)

1.9

6.7

Loss on extinguishment of debt

7.4

7.4

—

7.4

—

Depreciation and amortization

196.6

48.6

51.2

97.1

101.5

Segment EBITDA

$  290.0

$  63.9

$  70.8

$  139.1

$  146.3

(a)   Represents consolidated financial data for the year ended December 31, 2009, minus consolidated financial data for the six months
ended June 30, 2009 plus consolidated financial data for the six months ended June 30, 2010.