For the quarter ended March 2025, Marriott Vacations Worldwide (VAC) reported revenue of $1.2 billion, up 0.4% over the same period last year. EPS came in at $1.66, compared to $1.80 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.22 billion, representing a surprise of -1.93%. The company delivered an EPS surprise of +6.41%, with the consensus EPS estimate being $1.56.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.41%. A quarter ago, it was expected that this timeshare company would post earnings of $1.51 per share when it actually produced earnings of $1.86, delivering a surprise of 23.18%.Over the last four q ...

DRAFT 7 Exhibit 99.1 Neal Goldner Investor Relations 407-206-6149 neal.goldner@mvwc.com Cameron Klaus Global Communications 407-513-6606 cameron.klaus@mvwc.com Marriott Vacations Worldwide Reports First Quarter 2025 Financial Results ORLANDO, Fla. – May 7, 2025 – Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW," the "Company," "we" or "our") reported financial results for the first quarter of 2025. First Quarter 2025 Highlights "We had a strong first quarter growing first time buyer sales and Adj ...

Group 1 - The tourism industry is experiencing a rebound, leading to increased demand for tourist accommodations, with timeshares being a popular option globally [1] - Marriott Vacations Worldwide Corporation is highlighted as a key player in the timeshare market amid competition from hotels and vacation rentals [1] Group 2 - The author has extensive experience in logistics and stock investing, focusing on various sectors including banks, telecommunications, logistics, and hotels [1] - The author has diversified investments across different industries and market capitalizations, including holdings in US banks, hotels, shipping, and logistics companies [1]

Revenue and Market Performance - Total segment revenue for 2024 is projected to be $4,961 million, with Vacation Ownership contributing $4,730 million (95%) and Exchange & Third-Party Management contributing $231 million (5%) [21] - The U.S. vacation ownership market sales were approximately $10.6 billion in 2023, indicating significant growth potential in both the U.S. and global markets [29] - Total revenues for the vacation ownership segment in 2024 amounted to $4.73 billion, with $1.45 billion from the sale of vacation ownership products, $612 million from resort management and other services, $605 million from rentals, and $342 million from financing [58] - Approximately 91% of vacation ownership contract sales originated in North America in 2024, with 90% of sales occurring at sales centers co-located with resorts [82] - The vacation ownership segment experiences higher sales volumes during traditional vacation periods, indicating a seasonal impact on revenue [120] Business Strategy and Growth - The strategic goal is to drive profitable revenue growth by leveraging trusted hospitality brands and expanding vacation ownership sales through new destinations and marketing channels [36] - The company aims to maximize cash flow by pursuing capital-efficient vacation ownership deal structures and reducing maintenance fees on unsold inventory [39] - The company aims to selectively pursue new business opportunities, including acquisitions and innovative travel-related products, focusing on those that drive recurring revenue and profit streams [44] - The company intends to pursue growth opportunities in North America and Asia Pacific by targeting high-quality inventory and optimizing capital investments [88] - The integration of the Legacy-Welk and Hyatt businesses is part of the strategy to evolve and expand core product offerings [38] Customer Engagement and Satisfaction - Customer satisfaction is a key focus, with efforts to maintain high engagement levels among owners, members, and guests to drive incremental sales [41] - Approximately 70% of vacation ownership interest (VOI) sales in 2024 were made to existing owners, indicating high customer satisfaction and loyalty [49] - The company emphasizes a caring culture that enhances customer service and associate engagement, contributing to repeat customer sales and overall satisfaction [53] Financial Management and Capital Structure - Recurring revenues, which include management of resorts and financing revenues, are expected to grow as new resorts are added, providing more predictable income streams [37] - The company has issued approximately $10 billion in debt securities through securitization transactions in the asset-backed securities market since 2000 [103] - The company’s capital-efficient business model supports strong cash flow generation and financial flexibility, enabling continued organic growth and strategic acquisitions [50] - As of December 31, 2024, 68% (approximately $2 billion) of the corporate debt was fixed-rate, while 32% (approximately $921 million) was variable-rate [417] Marketing and Digital Strategy - The company plans to enhance its digital capabilities and data analytics to improve marketing efficiency and user experience, focusing on building customer-facing digital platforms [40] - The company utilizes various marketing channels, including digital and social media, to attract qualified customers to its sales locations [82] - The company has access to nearly 228 million members in the Marriott Bonvoy loyalty program and approximately 54 million members in the World of Hyatt loyalty program, enhancing marketing efforts and sales potential [47] Operational Insights - The vacation ownership portfolio consists of approximately 120 properties with over 22,000 vacation ownership villas and over 31,000 keys as of December 31, 2024 [104] - The exchange network includes over 3,200 affiliated resorts, providing owners with access to a wide variety of vacation experiences [68] - The company provided third-party management services to 24 properties as of December 31, 2024, primarily through its Aqua-Aston business [116] Workforce and Culture - The company had a global workforce of approximately 22,300 associates as of December 31, 2024, with about 79% (approximately 17,500) based in the United States [149] - The company achieved a 93% response rate in its associate survey, indicating strong overall associate engagement [147] - Women comprise approximately 54% of the company's worldwide workforce, while people of color make up about 47% of management level positions in the United States [154] - The company was recognized as a Mercer Best Employer globally for the fourth consecutive year in 2024 [147] Sustainability and Social Responsibility - The company has over 20 years of experience in energy conservation, implementing strategies to reduce energy and water consumption across its segments [146] - The company has implemented a Human Rights Policy that addresses issues such as human trafficking and supports at-risk youth [160] - The company collaborates with Audubon International to enhance environmental sustainability at its resorts through the Audubon Green Leaf Eco-Rating Program [146] - The company has been ranked fifteenth in the hospitality industry by Newsweek's "America's Most Responsible Companies for 2025" [148] Risk Management - The company is exposed to market risks from changes in interest rates, currency exchange rates, and debt prices, managing these risks through monitoring financing alternatives and derivative arrangements [415] - Interest rate risk is managed through fixed-rate debt and potential interest rate hedges for variable-rate debt [416] - The company may use derivative instruments to manage exposure to market risks, entering into transactions believed to be effective at offsetting underlying risks [419]

Financial Data and Key Metrics Changes - The company reported a 7% year-over-year increase in contract sales for Q4 2024, with first-time buyer sales growing by 9% [22][39] - Adjusted EBITDA for the total company decreased by 1% to $185 million, while adjusted EBITDA in the Vacation Ownership segment was $221 million with a margin of 27% [26][27] - The company ended the year with leverage of approximately four times, higher than the long-term goal of three times, but still manageable [28] Business Line Data and Key Metrics Changes - In the Vacation Ownership segment, rental occupancy increased by 300 basis points, and profit increased by 20% compared to the previous year [26] - The Exchange and Third-Party Management segment saw adjusted EBITDA decline by $9 million year-over-year, primarily due to lower profit at Aqua Aston and reduced transactions at Interval [27] Market Data and Key Metrics Changes - System-wide resort occupancy reached 90%, with Hawaii occupancy at 95% [8] - Research indicates that 80% of American adults plan to take a vacation this year, with international travelers to the U.S. expected to increase, particularly from the Asia Pacific region [14] Company Strategy and Development Direction - The company is focused on business modernization to enhance operational efficiencies and accelerate revenue growth, expecting to generate an additional $150 million to $200 million in annualized adjusted EBITDA by the end of 2026 [17][35] - New developments include a 168-unit Marriott Vacation Club in Downtown Nashville and expansion plans in Thailand and Bali [12][10] Management's Comments on Operating Environment and Future Outlook - Management noted that consumers are prioritizing travel and experiences, which bodes well for the company's leisure-focused business model [7][40] - The company anticipates contract sales growth in the range of 2% to 6% for the upcoming year, with a focus on enhancing customer interactions through technology [29][36] Other Important Information - The company plans to spend $90 million to $95 million on reacquired inventory this year, which is below replacement cost [28] - The company has over $900 million in liquidity and no corporate debt maturities until early 2026 [28] Q&A Session Summary Question: Is the trend of new owner mix expected to continue in 2025? - Management confirmed the goal is to continue growing first-time buyers, which contributed to contract sales growth in Q4 [45] Question: Does the $90 million to $95 million of inventory repurchase correlate with the increased reserve taken last year? - Management explained that the repurchase relates to owners not using their vacations as much and maintenance fee defaults [48] Question: Can you clarify the headwinds for 2025 EBITDA guidance? - Management indicated a $15 million to $20 million increase in variable compensation and a $10 million hard comp from rental benefits in 2024 [60][62] Question: How did the modernization initiatives come about? - Management stated that the modernization effort was driven by the need to accelerate growth and improve efficiencies, focusing on technology and process improvements [72][75]

Marriott Vacations Worldwide Corporation (NYSE:VAC) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Neal Goldner - Vice President, Investor Relations John Geller - President and Chief Executive Officer Jason Marino - EVP and Chief Financial Officer Conference Call Participants Chris Woronka - Deutsche Bank Ben Chaiken - Mizuho Patrick Scholes - Truist Securities Operator Greetings, and welcome to the Marriott Vacations Worldwide Fourth Quarter 2024 Earnings Call. At this t ...

Investor Presentation February 27, 2025 Forward-Looking Statements Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "might," "should," "could" or the negative of these terms or similar expressions. We caution you that these statements are not guarantees of future performance and are subject ...

Core Viewpoint - Marriott Vacations Worldwide Corporation (VAC) reported strong fourth-quarter 2024 results, with both earnings and revenues exceeding expectations, leading to a 2% increase in share price during after-hours trading [1]. Financial Performance - Adjusted earnings per share (EPS) reached $1.86, surpassing the Zacks Consensus Estimate of $1.51 by 23.2%, although it was slightly down from $1.88 in the same quarter last year [3]. - Quarterly revenues amounted to $1,327 million, exceeding the consensus mark of $1,245 million by 6.6%, and reflecting an 11% year-over-year increase [3]. Segmental Performance - **Vacation Ownership**: Revenues totaled $1.27 billion, up from $1.13 billion in the prior-year quarter. Total contract sales increased by 6.7% year-over-year to $400 million. Adjusted EBITDA for this segment was $221 million, down 7% from $236 million in the previous year, with a margin contraction of 550 basis points to 27% [4]. - **Exchange & Third-Party Management**: Revenues declined to $52 million from $62 million year-over-year, with revenues excluding cost reimbursements down 13% to $49 million. Active interval international members decreased by 1% to 1.55 million, and average revenue per member fell by 2% to $35.36. Adjusted EBITDA was $22 million, down 27% year-over-year, with a margin contraction of 800 basis points to 44.2% [5]. Expense and Cash Flow Analysis - General and administrative expenses decreased to $64 million from $84 million year-over-year. Total expenses increased by 12.1% to $1.22 billion from $1.09 billion in the prior-year quarter [6]. - Adjusted EBITDA for the overall company was $185 million, slightly down by 0.5% from $186 million year-over-year [6]. Balance Sheet Overview - As of December 31, 2024, cash and cash equivalents were $197 million, down from $248 million at the end of 2023 [7]. - The company had $3.1 billion in corporate debt and $2.1 billion in non-recourse debt related to its securitized notes receivable [8]. 2025 Outlook - Management projects contract sales to be between $1.850 billion and $1.925 billion, compared to $1.813 billion in 2024. Adjusted EBITDA is expected to range from $750 million to $780 million, up from $727 million in 2024. Adjusted EPS is anticipated to be between $6.30 and $7.00, compared to $6.56 in 2024. Adjusted free cash flow is expected to be between $290 million and $350 million [9].

Core Insights - Marriott Vacations Worldwide reported revenue of $1.33 billion for the quarter ended December 2024, reflecting an 11.1% increase year-over-year and exceeding the Zacks Consensus Estimate of $1.25 billion by 6.57% [1] - The company's EPS was $1.86, slightly down from $1.88 in the same quarter last year, but it surpassed the consensus EPS estimate of $1.51 by 23.18% [1] Revenue Breakdown - Revenue from cost reimbursements was $447 million, exceeding the average estimate of $420.38 million by analysts, marking a 12.3% increase year-over-year [4] - Revenue from rentals reached $183 million, significantly higher than the average estimate of $150.97 million, representing a 34.6% year-over-year increase [4] - Revenue from management and exchange was $210 million, slightly above the average estimate of $208.72 million, with a 4% year-over-year increase [4] - Revenue from sales of vacation ownership products was $400 million, surpassing the average estimate of $371.31 million, reflecting a 6.7% increase year-over-year [4] - Revenue from financing was $87 million, slightly above the average estimate of $86.07 million, with a 4.8% year-over-year increase [4] Stock Performance - Shares of Marriott Vacations Worldwide have returned -2.7% over the past month, compared to a -2.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]