Investor Presentaiton

WYNDHAM •DESTINATIONS Appendix: Non-GAAP Reconciliations Vacation Ownership (VO) Further Adjusted EBITDA Reconciliation, continued ($ in millions) VO Segment VO Segment Reported EBITDA Acquisition Related Restructuring Costs Loss on Sale/Asset Impairments Executive Costs Separation Costs Stock Based Compensation 2016 Grant Modifier Adjusted Further Adjustments EBITDA VO Adjusted EBITDA Margin 2018 2017 2016 2015 2014 2013 2012 SA SA 648 11 (4) 67 9 (10) $ 721 24% A SA SA SA 2 549 1 2011 SA 515 2010 $ 440 2009 SA $ 387 2008 $ SA (1,074) 2007 $ 378 2006 $ 325 489 694 687 660 619 205 1 13 1 (25) $ 684 24% 8 6 16 (21) $ 703 25% 1 I 688 25% I I 660 25% 12 I SA 621 25% SA 552 24% (1) 514 25% 37 9 66 1,374 SA SA 440 22% 433 22% 9 18 SA SA SA 366 16% 387 16% 343 17% 2006-2015 Adjusted EBITDA is per Wyndham Worldwide's definition and does not reflect the adoption of the new revenue recognition accounting standard. 2016-2018 Adjusted EBITDA is restated for revenue recognition and further adjusted. 33

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