Investor Presentaiton
WYNDHAM
•DESTINATIONS
Appendix: Non-GAAP Reconciliations
Vacation Ownership (VO) Further Adjusted EBITDA Reconciliation ($ in millions)
VO Net Income
attributable to
WYND
Effect of
Accounting
Change
Net income
attributable to
non controlling
interest
Depreciation
Early
Provision for
Income Taxes
and
Amortization
Interest
Expense
Extinguishment
of Debt
Interest
(Income)
VO Segment Reported
EBITDA
2018
SA
340
119
73
117
(1) $
648
2017 $
174
110
63
142
$
489
2016
SA
$
316
1
194
53
131
(1) $
694
2015
$
316
196
47
130
(2) $
687
2014 $
295
1
185
47
133
(1)
SA
$
660
2013 $
248
1
144
47
180
(1) $
619
2012
EA
227
137
38
2011
SA
195
122
2010
2009
2008
SA
SA
SA
156
96
46
0000 4
147
SA
$
549
38
160
SA
141
1
SA
515
440
2007
2006 $
86
117
(1,281)
150
72
54
50
58
95
48
65
98
39
8 0 0 ST
144
100
387
(1) $
(1,074)
85
378
37
325
2006-2015 Adjusted EBITDA is per Wyndham Worldwide's definition and does not reflect the adoption of the new revenue recognition accounting standard. 2016-2018 Adjusted EBITDA is restated for revenue
recognition and further adjusted.
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