Travel+Leisure Timeshare Market Dynamics and Financial Overview

TRAVEL+ LEISURE PROVEN RESILIENT BUSINESS MODEL FAVORABLE MARKET DYNAMICS TIMESHARE REALITY VS. PERCEPTION EXPANDING PLATFORM STRONG MARGINS AND FCF ROBUST CAPITAL RETURNS Predictable and/or Recurring Revenue ($ in millions) $3,567 Primarily New Vacation Owner Sales and Travel Club transactions Travel and Membership subscription revenue Booking revenue from exchange members $2.9B loan portfolio; Fixed interest rates Management fees from 245+ resorts; 98% contract retention 25+ years of data proves owners consistently upgrade Other $827 23% Subscription Revenue 5% $184 Exchange Transactions 10% $348 Consumer Financing 12% $406 Property Management 21% $763 VOI Upgrade Sales $1,039 29% 2022 >75% of Revenue in 2022 Predictable and/ or Recurring 10

View entire presentation