UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35219 _________________________ Marriott Vacations Worldwi ...

Marriott Vacations Worldwide Corporation (NYSE:VAC) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Neal Goldner - Vice President-Investor Relations John Geller - President & Chief Executive Officer Tony Terry - Executive Vice President & Chief Financial Officer Conference Call Participants Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank Brandt Montour - Barclays Shaun Kelley - Bank of America David Katz - Jefferies Ben Chaiken - Credit Suisse Operator Greetin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-35219 Marriott Vacations Worldwide Corporation (Exact name of registrant as specified in its charter) | Delaware | | 45-2598330 | | --- | --- | --- ...

Marriott Vacations Worldwide Corp (NYSE:VAC) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Neal Goldner - VP, IR John Geller - CEO, President & Director Anthony Terry - EVP & CFO Conference Call Participants Brandt Montour - Barclays Bank Benjamin Chaiken - Crédit Suisse Chris Woronka - Deutsche Bank Charles Scholes - Truist Securities Shaun Kelley - Bank of America Merrill Lynch Operator Greetings, and welcome to the Marriott Vacations Worldwide Fourth Quarter 2022 Earn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35219 _________________________ Marriott Vacations Wor ...

Marriott Vacations Worldwide Corporation (NYSE:VAC) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants Neal Goldner - Vice President, Investor Relations Steve Weisz - Chief Executive Officer John Geller - President Tony Terry - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Chaiken - Credit Suisse Patrick Scholes - Truist Securities David Katz - Jefferies Brandt Montour - Barclays Operator Greetings, and welcome to the Marriott Vacations ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35219 _________________________ Marriott Vacations Worldwid ...

Marriott Vacations Worldwide Corporation (NYSE:VAC) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Neal Goldner - VP, IR Steve Weisz - CEO John Geller - President Tony Terry - EVP & CFO Conference Call Participants Ben Chaiken - Credit Suisse Brandt Montour - Barclays Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank David Katz - Jefferies Operator Greetings, and welcome to Marriott Vacations Worldwide Second Quarter 2022 Earnings Conference Call. At this tim ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35219 _________________________ Marriott Vacations Worldwi ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2022 totaled $188 million, representing a 13% increase compared to Q1 2019, with a margin improvement of over 300 basis points to nearly 25% [34] - Contract sales reached $394 million, a 75% increase year-over-year, and exceeded pre-pandemic levels [12][25] - Total occupancy levels were 88%, consistent with pre-COVID-19 results, despite some recovery lag in urban and international markets [13] Business Line Data and Key Metrics Changes - Vacation ownership business saw significant year-over-year improvement, with contract sales for North America over 7% higher than Q1 2019, and VPGs reaching $4,706, up 9% sequentially [25][30] - Development profit increased to $68 million, with an adjusted development profit margin expanding by 780 basis points to 28.3% [27] - Rental profit remained stable, with domestic occupancies averaging 90%, but still has room for improvement due to reduced rental inventory availability [28] Market Data and Key Metrics Changes - 61% of Americans indicated that travel will be a high budget priority over the next three months, reflecting strong leisure demand [10] - International travel to the U.S. is forecasted to be significantly higher in 2022 compared to 2021, indicating a recovery in international travel [11] Company Strategy and Development Direction - The company is focused on integrating the Welk and Hyatt vacation ownership businesses, with the introduction of the Hyatt Vacation Club and rebranding of Welk's program [15][16] - A new combined product offering at Marriott, Westin, and Sheraton sales centers is expected to launch later in the summer, enhancing flexibility for owners [14] - The company aims to increase the percentage of first-time buyers to 40%-45%, which is seen as optimal for long-term growth [63][64] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing uncertainties in the world, including geopolitical issues and inflationary pressures, but expressed confidence in the demand for leisure travel [8][9] - The company is optimistic about the remainder of the year, expecting to be closer to the upper end of their ranges for contract sales and adjusted EBITDA [40] Other Important Information - The company closed the sale of its VRI Americas business for approximately $60 million, which is not expected to impact guidance for the year [19][21] - The company ended Q1 2022 with $1.2 billion in liquidity, including $354 million in cash [36] Q&A Session Summary Question: Tracking of prepaid packages for the rest of the year - Management indicated that for the first half of the year, prepaid packages are tracking 9% over 2019, and for the second half, 14% over 2019, averaging 11% overall [46] Question: Unchanged EBITDA guidance despite strong Q1 performance - Management acknowledged the strong Q1 but maintained a conservative full-year guidance due to uncertainties in the macro environment [48][51] Question: Inventory cost benefits and future expectations - Management expects lower inventory product cost levels to continue for the next few years due to ongoing repurchase activity [56] Question: First-time buyer mix and strategies to increase it - Management aims to increase first-time buyers to 40%-45% by opening new source channels and selectively turning back on linkage locations [63][66] Question: Challenges in attracting younger sales staff - Management noted challenges in recruiting marketing personnel but reported being well-staffed on the sales side, with ongoing efforts to improve recruitment [70][71]