Investors

Full Year Highlights

• Net revenue of $4.02 billion. Gross VOI sales of $2.49 billion, up 8% year-over-year, including 6% VPG growth and 3% Tour growth
• Net income of $230 million (diluted EPS of $3.44), inclusive of $216 million in inventory write-downs and impairments related to the Resort Optimization Initiative
• Adjusted EBITDA of $990 million and Adjusted diluted EPS of $6.34
• Net cash provided by operating activities of $640 million and Adjusted free cash flow of $516 million