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Investor Presentaiton

WYNDHAM ⚫DESTINATIONS 2019 Guidance Revenues $4,040M - $4,140M Tours: 5%-7% VPG: 0% - 1% Tours: $7.0M Adjusted EBITDA $990M $1,000M — Key Drivers (b) Average Number of Exchange Members: 0% - 2% Adjusted EBITDA Impact of 100bps Change (c) VPG: $10.0M Average Number of Members: $4.5M Adjusted EPS (a) $5.54 - $5.62 Exchange Revenue per Member: (2%) -0% Exchange Revenue per Member: $6.5M The Company does not provide a reconciliation of 2019 non-GAAP measures to the closest GAAP equivalent because the Company is unable to predict with reasonable certainty the totality or ultimate outcome or occurrence of these adjustments or other potential adjustments that may arise in the future during the outlook period, which can be dependent on future events that may not be reliably predicted. (a) Adjusted diluted EPS from continuing operations. Based upon 92.8M weighted average diluted shares. (b) Reflects projected growth over 2018. (c) Sensitivities for revenue drivers are based on average systemwide trends. Operating circumstances including but not limited to brand mix, product mix, geographical concentration or market segment result in variability, which may change the impact. 21
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