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 ...

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, 2019 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 | | --- | --- | | (St ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ (Mark One) (Exact name of registrant as specified in its charter) _________________________ Delaware 45-2598330 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 ☒ QUARTERLY REPORT P ...

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, 2019 (Exact name of registrant as specified in its charter) _________________________ OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Marriott Vacations Worldwide Corporation (Exact name of registrant as specified in its charter) _________________________ (State or other jurisdiction of incorporation or organization) 6649 Westwood Blvd. Orlando, FL 32821 WASHINGTON, D.C. 20549 _________________________ FORM 10-Q ___________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March ...