Travel + Leisure — Feb 19, 2025 release

Fourth quarter 2024 highlights: • Net income of $119 million (diluted EPS of $1.72) on net revenue of $971 million • Adjusted EBITDA of $252 million and Adjusted diluted EPS of $1.72 (1) • Repurchased $70 million of common stock during the fourth quarter Full-year 2024 highlights : • Net income of $411 million (diluted EPS of $5.82) on net revenue of $3.9 billion • Adjusted EBITDA of $929 million and Adjusted diluted EPS of $5.75 (1) • Net cash provided by operating activities of $464 million and Adjusted free cash flow of $446 million (1) • Repurchased $235 million of common stock during the full-year Outlook: • Full Year 2025 Adjusted EBITDA expected to range from $955 million to $985 million and first quarter 2025 Adjusted EBITDA expected to range from $195 million to $205 million • The Company will recommend increasing first quarter 2025 dividend to $0.56 per share for approval by the Board of Directors “2024 was a tremendous year for the Company, as we met the high expectations for our performance by delivering strong top and bottom-line growth, while executing on our multi-brand strategy with the acquisition of Accor Vacation Club,” said Michael D. Brown, President and CEO of Travel + Leisure Co. “Our strong financial performance was driven by adjusted EBITDA and vacation ownership sales volume per guest (VPG) at the top end, or above, our initial guidance, as consumers continued to prioritize their vacations with us.” “Looking ahead to 2025, we expect to see continued profitable growth in our expanding vacation ownership business, which is the cornerstone of our investment strategy - a focus on growing earnings and free cash flow to benefit our shareholders.” (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 Financial Information" and the tables for the definitions and reconciliations of these non-GAAP measure