Travel + Leisure — Oct 23, 2024 release

Highlights and outlook include: • Net income of $97 million, $1.39 diluted earnings per share from continuing operations, on net revenue of $993 million • Adjusted EBITDA of $242 million and adjusted diluted earnings per share of $1.57 (1) • Volume per guest (VPG) above $3,000 on a 4 percent increase in tours year-over-year, with new owner tours up 9 percent • Expects fourth quarter adjusted EBITDA of $240 million to $260 million and reaffirms full-year adjusted EBITDA guidance • Returned $105 million to shareholders through $35 million of dividends and $70 million of share repurchases “Our results this quarter show that we are executing well against our key priorities for the year and that demand for our products remains solid. We have good momentum in our Vacation Ownership business and were especially pleased with our VPG performance, which remains consistently above $3,000, even during our peak new owner mix quarters,” said Michael D. Brown, President and CEO of Travel + Leisure Co. "We have already begun setting our plans for 2025. We expect the momentum in our Vacation Ownership business to continue, having achieved our targeted new owner mix, the ramping up of Accor sales, and easing of interest rate headwinds. We also expect further progress on our Travel & Membership transformation to allow that segment to stabilize." (1) This press release includes Adjusted EBITDA, Adjusted diluted EPS, Adjusted free cash flow, Gross VOI sales and Adjusted net income, which are measures that are not calculated in accordance with Generally Accepted Accounting Principles in the U.S. (“GAAP”). See "Presentation of F