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Appendix - Credco Key Statistics
• Key financial metrics are strong.
American Express Credit Corp - Key Statistics
(US$ millions, unless stated)
As of June 30 As of December 31 As of June 30
2006 2005
2005
Consolidated
Ratio to Total Debt to Equity - Net of Cash Equivalents 9.54 x 9.74 x 9.42 x
Ratio to Total Debt to Equity 9.95 x 10.06 x 9.89 x
Volume of Cardmember Charges - Purchased (US$ millions) $ 138,675 $ 259,945 $ 123,265
Ratio of Earnings to Fixed Charges 1.46 x 1.41 x 1.46 x
Credit Lines as % of Short Term Debt 198 % 134 % 131 %
Cardmember Receivables
Total cardmember receivables $ 25,825 $ 24,421 $ 22,799
90 days past due as a % of total 2.0% 1.7% 1.9 %
Loss reserves $ 665 $ 671 $ 651
as a % of receivables 2.6 % 2.7 % 2.8 %
as a % of 90 days past due 125 % 159 % 149 %
Write-offs, net of recoveries $ 224 $ 320 $ 258
Net write-off rate 0.16 % 0.22 % 0.21 %
Average life of cardmember receivables (in days) 32 32 33
Lending Receivables
Total cardmember loans $ 321 $ 569 $ 570
Past due cardmember loans as a % of total:
30-89 days 6.2 % 4.9 % 5.4 %
90+ days 2.1 % 1.4 % 1.8 %
Loss reserves $ 9 $ 15 $ 25
as a % of cardmember loans 3.0 % 2.6 4.3 %
as a % of past due 37 % 41 % 59 %
Write-offs, net of recoveries $ 5 $ 21 $ 12
Net write-off rate 2.11 % 3.57 % 4.15 %
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