March 28, 2012

2. CIBC Retail &
Consumer Conference
March 28, 2012

3. FORWARD-LOOKING STATEMENTS
Forward-looking statements are included in the following presentations. These forward-looking statements are identified by
the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”,
“project”, “will”, “would”, and similar terms and phrases, including references to assumptions. Such statements may involve
but are not limited to comments with respect to strategies, expectations, objectives, goals, aspirations, intentions, planned
operations or future actions.
Forward-looking statements, by their nature, are based on assumptions and are subject to important risks and uncertainties.
Any forecasts, predictions or forward-looking statements cannot be relied upon due to, among other things, changing
external events and general uncertainties of the business and its corporate structure. Results indicated in forward-looking
statements may differ materially from actual results for a number of reasons, including without limitation, dependency on Top
Accumulation partners and clients, conflicts of interest, greater than expected redemptions for rewards, regulatory matters,
retail market/economic conditions, industry competition, Air Canada liquidity issues, Air Canada or travel industry disruptions,
airline industry changes and increased airline costs, supply and capacity costs, unfunded future redemption costs, failure to
safeguard databases and consumer privacy, changes to coalition loyalty programs, seasonal nature of the business, other
factors and prior performance, foreign operations, legal proceedings, reliance on key personnel, labour relations, pension
liability, technological disruptions and inability to use third party software, failure to protect intellectual property rights, interest
rate and currency fluctuations, leverage and restrictive covenants in current and future indebtedness, uncertainty of dividend
payments, managing growth, credit ratings, as well as the other factors identified throughout this presentation and
throughout our public disclosure record on file with the Canadian securities regulatory authorities.
The forward-looking statements contained herein are subject to change. However, Groupe Aeroplan Inc., doing business as
Aimia (“Aimia”), disclaims any intention or obligation to update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required under applicable securities regulations.
For further information, please contact Investor Relations at 416 352 3728 or trish.moran@aimia.com.
. 3

4. DAVID ADAMS
EVP & CFO

5. A MULTINATIONAL COMPANY INSPIRING LOYALTY
THROUGH A FULL-SUITE GLOBAL OFFERING
Coalition Loyalty
Programs
Loyalty Data
Analytics
Proprietary
Loyalty Services
5

6. DELIVERING SIGNIFICANT MEASURABLE VALUE TO
OUR COMMERCIAL PARTNERS WORLDWIDE
FINANCIAL TRAVEL & TECH & CPG &
SERVICES HOSPITALITY AUTO TELCO RETAIL OTHERS

7. UNMATCHED GLOBAL SCALE AND SCOPE
Canada
UK
Italy
USA
Japan
Lebanon Bahrain
Jordan Qatar
Mexico Egypt UAE Hong Kong
Oman India
Singapore
Brazil Malaysia Indonesia
Consolidated Gross Billings Chile
F2011 Australia
$2.23B New
Zealand
58% THE LARGEST
PURE PLAY
42% Canada LOYALTY
COMPANY IN
Rest of World
THE WORLD
7

8. . . . WITH SIGNIFICANT OPPORTUNITY FOR EXPANSION
Canada
UK
Italy Japan
USA
Bahrain
Lebanon
Jordan Qatar
Mexico Egypt UAE Hong Kong
Oman India
Malaysia Singapore
Brazil Indonesia
Consolidated Gross Billings Chile
(Projected) Australia
New
Zealand
50%
Area’s for potential global expansion
Canada
Rest of World
50%
THE LARGEST PURE PLAY LOYALTY
COMPANY IN THE WORLD
8

9. DELIVERING HEALTHY GROSS BILLINGS GROWTH
F2005 F2011
($ millions) ($ millions)
2,187.8 2,233.2
1,501.0 1,447.3
952.2
851.9
754.8
+196%growth
2005 2006 2007 2008 2009 2010 2011
9

10. GROWING CONSOLIDATED ADJUSTED EBITDA
F2005 F2011
($ millions) ($ millions)
342.2
316.2
281.6 285.5
251.7
216.4
168.1
+13 per cent CAGR
2005 2006 2007 2008 2009 2010 2011
(1) Constant Currency excludes the translation effect of foreign operations on the consolidated results. For more information on Constant Currency, please refer to Aimia’s February 22,
2012 earnings press release.
(2) Adjusted EBITDA excluding noted items over Gross Billings excluding accounting adjustment.
(3) Restructuring and reorganization charges of $23.3 million net of $2.6 million related to forfeiture of stock based rewards.
10

11. A SIGNIFICANT GENERATOR OF FREE CASH FLOW
Free Cash Flow (1) Free Cash Flow / Common
($ millions) Share (2)
$1.08
$1.04
(3)
$221.5 $221.2
$197.6
$0.42
$81.5
(3)
$36.3
$0.06
FY 2011 FY 2010 Q4 2011 Q4 2010 FY 2011 FY 2010 Q4 2011 Q4 2010
Dividends(4) $ 113.5 $ 107.6 $ 28.9 $ 26.2
Free Cash Flow(5) $ 84.1 $ 113.7 ($ 16.5) $ 55.3
(1) Free Cash Flow before common and preferred dividends paid.
(2) Calculated as: (Free Cash Flow before common and preferred dividends paid, less preferred dividends)/ weighted average common shares outstanding.
(3) Free Cash Flow before common and preferred dividends paid as reported of $197.6 million excluding funding of the prepaid card liability of $23.9 million in the US business in the fourth quarter of 2011.
(4) Common and preferred dividends paid.
(5) Free Cash Flow after common and preferred dividends paid.
11

12. DEMONSTRATING RELIABILITY WITH A STRONG
BALANCE SHEET AND INVESTMENT GRADE RATING
Balance Sheet
Dec 31, 2011 Dec 31, 2010 Completed multiple
bond issues with
declining yields
Cash and cash equivalents $202.1 $538.6
Restricted cash $15.1 $12.6
Short-term investments $58.4 -- Long-term debt with
Long-term investments in bonds $279.7 $176.9 laddered maturities
$555.3 $728.1
Strong free cash flow
Current portion of long-term debt $200.0 -- generation = flexibility
Long-term debt $386.7 $643.9
Equity attributable to equity holders of the Corporation $1,305.6 $1,632.2
Equity $1,291.5 $1,635.1
INVESTMENT GRADE RATING IS CRITICAL TO EXECUTION OF GLOBAL EXPANSION
12

13. INCREASING SHAREHOLDER RETURN
WITH AN ATTRACTIVE COMMON SHARE DIVIDEND
Dividends Paid
($ millions) Current annual
dividend is $0.60 per
common share –
$113
increased by 20%
$108 in 2011
$100
Dividend to be
reviewed annually
Payout ratio has
historically been
approximately 50%
2009 2010 2011
Common Preferred
13

14. INCREASING SHAREHOLDER RETURN
THROUGH A COMMON SHARE REPURCHASE
PROGRAM
Aimia Common Shares Outstanding
26.2 million common
200M shares repurchased
since May 2010
173.8M
Average repurchase
price: $11.77
Reduced common
shares outstanding by
13% since May 2010
14

15. A STRONG CORE AND MORE: CREATING LONG-TERM VALUE
THROUGH GLOBALIZATION AND EXPANSION STRATEGY
• Grow core coalition & proprietary loyalty businesses
– Top line growth
– Value-added digital products and services
– Operating leverage and margin expansion
• Expand operations
– Greenfield coalition programs (e.g. Italy, India, U.S.)
– Investments in frequent flyer programs
(Aeromexico / Club Premier)
– Joint ventures with industry leaders (Tata in India,
Multiplus in Brazil)
• Globalize our world leading data analytics expertise
and capitalize on digital revolution
– ISS – head room to grow with strong worldwide retail
pipeline and 100+ retailers with sales of $10B+
– Aggressively pursuing digital and mobile strategy
and looking at possible partners leading the space
15

16. NECTAR ITALIA: GREENFIELD COALITION LOYALTY
PROGRAMS PROVIDE OUTSTANDING USE OF CAPITAL
16

17. CLUB PREMIER: AN OPPORTUNITY TO REPLICATE THE
SUCCESSFUL AEROPLAN CANADA BUSINESS IN MEXICO
• Aimia acquired 28.6% of Club Premier, Aeromexico’s frequent flyer program
for cash consideration of US$35 million – currently Aimia exercises joint
control with Aeromexico through governance and significant shareholder
rights
• After first year in business, Club Premier has 3 million members and
delivered:
− US$115 million in Gross Billings
− More than 30% Adjusted EBITDA margin (more than US$34.5 million)
• 2011 was first full year of operations with many successes, including:
− Launched co-branded credit card with Banamex, Mexico’s leading
retail bank
− Signed on key retail partnerships which are expected to launch in early
2012
• The Club Premier investment should exceed Aimia’s target return on equity
hurdle of 15 per cent over a 5-year hold period.
• Given Club Premier’s performance to date, it is anticipated that Aimia will
recover its initial investment within 3-4 years
• It is anticipated that Club Premier will be in a position to begin paying
dividends to Aimia in 2012
17

18. DATA IS AT THE HEART OF EVERYTHING THAT WE DO
• and we are well positioned with the advance of mobile and digital in global
loyalty . . .
Digital Mobile Social
18

19. INTELLIGENT SHOPPER SOLUTIONS:
WORLD LEADING EXPERTS IN LOYALTY DATA ANALYTICS
# 1 drug retailer # 2 supermarket #2 supermarket #2 Grocery retailer
in world in Switzerland in Australia in Canada
19

20. CARDLYTICS: UNLOCKING THE SIGNIFICANT
POTENTIAL VALUE OF NON-CURRENCY LOYALTY
Merchant Consumers Banks
• Significantly better ROI • Trusted advertising channel • Valuable customer rewards
from precise targeting • Superior consumer at no cost
• Unparalleled visibility experience • Revenue share
• Protects customer data
20

21. WE ARE DEFINING THE FUTURE OF GLOBAL LOYALTY
• Aimia is a global leader in loyalty management
• New brand supports our vision of inspiring loyalty
• Aimia is best positioned to compete in increasingly OUR PRIORITIES
intense competitive environment by offering the ARE FOCUSED ON
global full-suite of products and services – DELIVERING LONG-
TERM
coalition, proprietary and data analytics SUSTAINABLE
GROWTH FOR OUR
• Loyalty data analytics and digital/mobile are at the SHAREHOLDERS
core of everything we do and will define the future
of loyalty
• Global loyalty market represents significant growth
opportunity by 2015: ~$100B (estimated)
21

22. A STRONG INVESTMENT THESIS AND
COMPELLING RISK-ADJUSTED RETURN
• Barriers to Entry / Member, Partner and Client Stickiness
Attractive
Business Model • Full-Suite Offering / Proprietary Systems / Unparalleled Expertise
• Strong Brands / Solid Market Share/ Operating Leverage
Strong Free • Low Capital Intensity / High ROIC
Cash Flow • $0.60 Annual Dividend per Common Share
Generation
• Common Share Repurchase
Attractive
• Track Record for Consistent Gross Billings Growth
Growth • Large Global Loyalty Market Opportunity
Opportunities • Unparalleled Loyalty and Data & Analytics Expertise
Solid Financial
• Substantial Free Cash Flow / Increasing Capital Flexibility
Characteristics • Investment Grade Rating
• Solid Cash / Reserve Position and Low Refinancing Risk
22

23. THANK YOU
For further information,
please contact:
jon.reider@aimia.com
trish.moran@aimia.com