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 over 200 resorts and 724,000 members worldwide.

• Operates four synergistic business lines: real estate, financing, rental & ancillary, and club & resort management.

• Adjusted EBITDA reached $1.1B and adjusted free cash flow was $837M in 2024.

• Partnerships with major brands like Hilton, Bass Pro Shops, and Great Wolf Lodge expand reach and lead generation.

Resilient business model

• Focuses on leisure travelers, offering in-room amenities and larger accommodations to match evolving preferences.

• Monetizes unutilized inventory through rentals, offsetting carrying costs and generating additional tours.

• Maintains broad geographic diversity, with ~200 resorts and 90% of owners living within a 4-hour drive of a property.

• Demonstrated resilience through economic cycles, with contract sales declining only 3% during the financial crisis versus 35% for the industry.

• Over 50% of segment adjusted EBITDA comes from recurring sources such as financing and club management.

Substantial embedded value and growth upside

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

• Embedded value of $7.0B from future owner upgrades, club management, and financing profits.

• Owners are upgrading faster and more frequently, supporting recurring revenue growth.

• Inventory optimization and cost synergies from acquisitions are expected to provide future cash flow and $250M in cost savings.

• Strategic partnerships and investments in technology and experiences enhance member value and drive engagement.