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 ROBUST CAPITAL AND FCF RETURNS GROWING VACATION OWNERSHIP THROUGH BRAND EXPANSION Sports Illustrated is the first announced platform expansion Leverage affinity relationships & access new customer-databases ► Generate incremental tour flow and revenues Leverage existing operational skill-sets in sales, financing and resort management 22

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