Marriott Vacations Worldwide Corporation (NYSE:VAC) Q1 2021 Earnings Conference Call May 6, 2021 8:30 AM ET Company Participants Neal Goldner - Investor Relations Steve Weisz - Chief Executive Officer John Geller - President and Chief Financial Officer Conference Call Participants David Katz - Jefferies Patrick Scholes - Truist Securities Brandt Montour - JPMorgan Chris Woronka - Deutsche Bank Operator Greetings and welcome to Marriott Vacations Worldwide First Quarter 2021 Earnings Conference Call. [Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ For the quarterly period ended March 31, 2021 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 Worldwide Corporation (Exact name of registrant as specified in its charter) _________________________ (Stat ...

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, 2020 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 (State or other jurisdict ...

Marriott Vacations Worldwide Corporation (NYSE:VAC) Q4 2020 Earnings Conference Call February 25, 2021 8:30 AM ET CompanyParticipants Neal Goldner - Investor Relations Steve Weisz - Chief Executive Officer John Geller - President and Chief Financial Officer Conference Call Participants David Katz - Jefferies Patrick Scholes - Truist Securities Jared Shojaian - Wolfe Research Ben Chaiken - Credit Suisse Brandt Montour - JPMorgan Operator Greetings, and welcome to Marriott Vacations Worldwide Fourth Quarter ...

Financial Data and Key Metrics Changes - The company reported $35 million of adjusted EBITDA for Q3 2020, demonstrating the strength of its leisure-focused business model [29] - Contract sales were $140 million in the quarter, representing a significant recovery from the second quarter, but down 64% year-over-year [32] - The company ended the quarter with over $1.3 billion in total liquidity, including $660 million of unrestricted cash [42] Business Line Data and Key Metrics Changes - The vacation ownership segment delivered $28 million of adjusted EBITDA, with a 13% year-over-year increase in VPG (Volume Per Guest) [30][32] - Resort management business generated $55 million of profit, a 12% decline from the prior year, while management fee revenues increased by 4% [33] - Interval International exchange transactions were up 1% year-over-year, with a 20% improvement in September [39] Market Data and Key Metrics Changes - Occupancy rates at Florida Beach resorts averaged in the mid-60% range in July and improved to around 70% in September [9] - Hawaii's occupancy was in the single digits during Q3 due to travel restrictions, but improved to the high 30% range shortly after reopening on October 15 [13][14] - Orlando averaged around 25% occupancy in Q3, recovering to approximately 30% in September and 40% in October [12][13] Company Strategy and Development Direction - The company increased its synergy and cost savings target to at least $200 million, $75 million above the previous goal, focusing on permanent cost savings [22][46] - The company plans to continue growing contract sales and expects tours to increase substantially compared to Q3 [24][25] - The management emphasized leveraging technology to improve operational efficiency and drive more synergies [47][90] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the business, citing strong owner confidence and future travel surveys indicating that 73% of timeshare owners plan to travel in the next 12 months [27] - The company expects contract sales to grow by 15% to 30% in Q4 compared to Q3, driven by improving occupancy rates and increased bookings [49] - Management acknowledged the uncertainty caused by the pandemic but remains optimistic about the trajectory of recovery [48] Other Important Information - The company reported a $40 million loss in the rental business, an improvement of $35 million from the second quarter [38] - G&A expenses declined by 42% from the prior quarter due to synergy savings and reduced spending [41] - The company has no corporate debt maturities until September 2022, with a secured debt-to-adjusted EBITDA ratio of 2.4 times, below the 3 times covenant requirement [43] Q&A Session Summary Question: On cost savings and demand levels - Management confirmed that the cost reductions are permanent and do not require a return to 2019 demand levels to be realized [56] Question: Contract sales change by month and expectations for Q4 - Management indicated that October exceeded internal forecasts, leading to confidence in a sequential improvement in contract sales for November and December [70] Question: Expectations for Hawaii's recovery and impact on rentals - Management expressed hope for Hawaii to return to higher occupancy levels by Q1, noting its popularity among owners and exchangers [77] Question: Industry evolution and digital marketing's role - Management believes there is potential for shorter-term products in the future and sees digital marketing as a cost-effective way to generate interest and tour flow [86][90] Question: Cash flow allocation going forward - Management plans to reinvest in growth opportunities and return to dividends and share buybacks when appropriate [125]

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 September 30, 2020 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 Wor ...

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, 2020 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 2020 Earnings Conference Call July 30, 2020 9:00 AM ET Company Participants Neal Goldner - Vice President of Investor Relations Stephen Weisz - President and Chief Executive Officer John Geller - Chief Financial and Administrative Officer Conference Call Participants Jared Shojaian - Wolfe Research Patrick Scholes - SunTrust Robinson Humphrey Brandt Montour - JPMorgan Chase & Co. Chris Woronka - Deutsche Bank AG Khoa Ngo - Jefferies Group LLC Tyler Bato ...

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, 2020 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 2020 Earnings Conference Call May 8, 2020 8:30 AM ET Company Participants Steve Weisz - President & Chief Executive Officer John Geller - Executive Vice President & Chief Financial & Administrative Officer Conference Call Participants Patrick Scholes - SunTrust Robinson Humphrey Brandt Montour - JP Morgan Brian Dobson - Nomura Instinet Jared Shojaian - Wolfe Research [Abrupt Start] John Geller …declined 2% through the end of February, and revenue per me ...