Our mission: WE PUT THE WORLD ON VACATION

PROVEN RESILIENT BUSINESS MODEL TRAVEL+ LEISURE • FAVORABLE MARKET DYNAMICS TIMESHARE REALITY VS. PERCEPTION EXPANDING PLATFORM STRONG MARGINS AND FCF ROBUST CAPITAL RETURNS SPORTS ILLUSTRATED VACATION OWNERSHIP CLUB Points based club Tuscaloosa resort anticipated to have 150 +/- vacation ownership units Three sources of revenue for TNL: Operations and resort management ▸ Vacation ownership sales Consumer finance Development expected to be Just-in-Time development DI 24

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