Travel+Leisure Timeshare Market Dynamics and Financial Overview

PROVEN RESILIENT BUSINESS MODEL FAVORABLE MARKET DYNAMICS TIMESHARE REALITY VS. PERCEPTION EXPANDING PLATFORM STRONG MARGINS AND FCF Resilient Business with Strong Adjusted EBITDA Margins Vacation Ownership Segment Adjusted EBITDA Margin (1) TRAVEL+ LEISURE 16% 16% 25% (2) 22% 22% ROBUST CAPITAL RETURNS VO Adjusted EBITDA Margin % 30% 25% 23% 23% 20% 15% 10% 7% The Great Recession 5% COVID-19 0% 2007 2008 2009 2010 2011-2019 2020 2021 2022 2007 1,993 2008 1,987 2009 2010 2011-2019 2020 2021 1,315 1,464 1,988 (2) 967 1,491 2022 1,982 Gross VOI (¹) (1) Non-GAAP measure: see appendix for definition and reconciliation. (2) Average from 2011-2019. 8 00

View entire presentation