Hilton Grand Vacations (HGV) Investor presentation summary

Business overview and key statistics

• Generated $5.0B in total revenue and $3.0B in contract sales in 2024, with $1.1B in adjusted EBITDA and $837M in adjusted free cash flow.

• Operates over 200 resorts globally, serving nearly 725,000 members and hosting more than 3,800 Ultimate Access events in 2024.

• Four business lines: real estate, financing, rental & ancillary, and club & resort management, with over 50% of segment adjusted EBITDA from recurring sources.

• Offers three resort collections—luxury, upper upscale, and upscale—catering to diverse travel preferences and price points.

• HGV Max program unifies access to all collections, providing more value, flexibility, and simplified ownership.

Resilient business model

• Focuses on leisure travelers, benefiting from growth in experiential spending and the ability to monetize unutilized inventory.

• Maintains broad geographic diversity, with over 200 resorts and 90% of owners living within a four-hour drive of a property.

• Demonstrates consistent tour generation and a 15% average close rate over 20+ years, even through economic cycles.

• Recurring income streams from financing and club management provide stability and resilience.

• Maintains lower and more stable delinquency rates than peers, with strong performance through financial crises.

Embedded value and growth opportunities

• Acquisitions of Diamond and Bluegreen expanded the addressable market and product range, increasing core market size by over 31%.

• Embedded value of $7.0B from future owner upgrades, club management, and financing, with 65% of buyers financing their purchases.

• Owners are upgrading faster and more often, supporting long-term revenue growth.

• Inventory optimization and recapture strategies provide a $2.3B contract sales pipeline and $1B in excess inventory for cash conversion.

• Achieved $91M in Bluegreen cost synergies to date, targeting $250M from recent acquisitions, with additional revenue synergies from rebranding and HGV Max integration.