Investor Presentaiton
WYNDHAM
⚫DESTINATIONS
Appendix: Non-GAAP Reconciliations
Reconciliation of Net Income to Adjusted EBITDA to Further Adjusted EBITDA
to Further Adjusted Net Income From Continuing Operations ($ in millions, except per share amounts)
Three Months Ended December 31
Net Income attributable to Wyndham
Destinations shareholders
Twelve Months Ended December 31.
2016
EPS
2017
EPS
2018
EPS
2017
EPS
112
$ 1.16
416
$4.09
672
$6.77
854
$8.24
Income on disposal of discontinued
operations, net of Income taxes
4
456
Income (loss) from discontinued operations.
2
net of income taxes
(20)
(50)
209
Net Income attributable to noncontrolling
Interest
Income from continuing operations
Restructuring costs
Separation-related
10
(1)
106
$ 1.10
444
$4.36 $
266
$2.68
646
$6.22
16
16
14
25
223
26
Long-term Incentive awards
6
Legacy Items
1
1
Amortization of acquired Intangibles ▸
3
3
12
Debt modification costs In Interest expense
3
Impairments
65
(4)
Acquisition-related deal costs
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6
11
205
(13)
Value-added tax refund
(16)
Income taxes *
(20)
(420)
(36)
(525)
Adjusted net Income from continuing operations $
123
$ 1.27
100 $0.99
466
$4.69
365
$3.52
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