Investor Presentaiton

WYNDHAM •DESTINATIONS Straightforward Business Model Delivers Predictable Free Cash Flow 1. Size and Scale Product Large member /owner base Resort network and multiple brands Scale IT investments Financial Model accounting Points-based No percentage of completion Tour-led sales model Just-in-Time inventory Fee-for-Service exchange Regular tri-annual securitizations Revenue recognition at point of sale 1 Straightforward, Predictable Adjusted EBITDA and Free Cash Flow For VOI sales. Point of sale is defined as the point in time where control has been transferred and the statutory rescission period has expired. 17

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