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 720,000+ members worldwide.

• Operates four 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.

• Offers three resort collections targeting luxury, upper upscale, and upscale segments to address diverse traveler preferences.

Business model resilience

• Focuses on leisure travelers and benefits from growth in experiential spending.

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

• Maintains recurring income streams from club dues, property management, and financing fees, providing stability through cycles.

• Demonstrated resilience during economic downturns, maintaining stable contract sales and EBITDA margins.

• Credit performance has remained strong, with lower delinquency rates than peers and other ABS/MBS sectors.

Growth and embedded value

• Acquisitions of Diamond and Bluegreen expanded the addressable market and core demographic reach.

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

• Owners are upgrading faster and more frequently, increasing long-term value.

• Inventory optimization and excess owned inventory provide future cash flow support.

• Achieved $94M in run-rate cost synergies from Bluegreen and targets $250M from recent acquisitions.