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Investor Presentaiton

WYNDHAM •DESTINATIONS Shifting Sales Mix to Increase New Owners Mix improved by 240 bps in 2018, compared to 2017 45% 32% 35% 38% Shift mix while growing Adjusted EBITDA and maintaining industry leading margins 2011-2016 Average 2017 2018 Target The Future Value of New Members is High . Owners spend an incremental ~2.6X the initial purchase over their lifetime $1.60 $1 $1 • Average lifetime spend per owner, ~$65K Initial VOI Sale Spend Years 0-5 upgrades spend Years 6+ upgrades spend Source: Club Wyndham Owner Data 11

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