Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 31, 2025 or o 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 001-37794 _________________________________________ ...

Hilton Grand Vacations (HGV) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Speaker0 Good morning, and welcome to the Hilton Grand Vacations First Quarter twenty twenty five Earnings Conference Call. A telephone replay will be available for seven days following the call. The dial in number is (844) 512-2921, and enter PIN thirteen million seven fifty one thousand and sixty six. At this time, all participants have been placed in a listen only mode, and the floor will be open for your questions following the ...

The reported revenue compares to the Zacks Consensus Estimate of $1.24 billion, representing a surprise of -7.47%. The company delivered an EPS surprise of -81.63%, with the consensus EPS estimate being $0.49. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics p ...

Hilton Grand Vacations (HGV) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -81.63%. A quarter ago, it was expected that this company would post earnings of $0.76 per share when it actually produced earnings of $0.49, delivering a surprise of -35.53%.Over the last four quarters, the ...

Exhibit 99.1 Investor Contact: Mark Melnyk 407-613-3327 mark.melnyk@hgv.com On Jan. 17, 2024, HGV completed the acquisition of Bluegreen Vacations Holding Corporation ("Bluegreen" or "Bluegreen Vacations"). FOR IMMEDIATE RELEASE Hilton Grand Vacations Reports First Quarter 2025 Results ORLANDO, Fla. (May 1, 2025) – Hilton Grand Vacations Inc. (NYSE: HGV) ("HGV" or "the Company") today reports its first quarter 2025 results. First Quarter of 2025 highlights 1 "We delivered solid results for the quarter, with ...

I have been working in the logistics sector for almost two decades. I have been into stock investing and macroeconomic analysis for almost a decade. Currently, I focus on ASEAN and NYSE/NASDAQ Stocks, particularly in banks, telco, logistics, and hotels. Since 2014, I have been trading on the PH stock market. I focus on banking, telco, and retail sectors. A colleague encouraged me to engage in the stock market as part of my portfolio diversification instead of putting all my savings in banks and properties. ...

Financial Performance - Total revenues for the year ended December 31, 2024, were $4.981 billion, up from $3.978 billion in 2023, representing a growth of 25.2%[472] - Net income attributable to stockholders decreased to $47 million in 2024 from $313 million in 2023, a decline of 85%[472] - The company reported a diluted earnings per share of $0.45 for 2024, down from $2.80 in 2023[472] - For the year ended December 31, 2024, net income decreased to $60 million from $313 million in 2023, representing a decline of approximately 80.8%[477] - The company reported pro forma revenue of $5,028 million for the year ended December 31, 2024, compared to $5,013 million for 2023, with net income of $66 million for 2024, down from $224 million in 2023[564] Assets and Liabilities - Total assets increased to $11.442 billion as of December 31, 2024, compared to $8.685 billion in 2023, reflecting a growth of 31.5%[470] - The company’s debt, net, increased to $4.601 billion in 2024 from $3.049 billion in 2023, an increase of 50.8%[470] - The company had over 200 properties located in various regions, including the U.S., Europe, and Asia, as of December 31, 2024[482] - The total gross carrying amount of intangible assets increased to $2,547 million as of December 31, 2024, up from $1,704 million in 2023, with a net carrying amount of $1,787 million after accumulated amortization of $760 million[612] Acquisitions - The company completed the acquisition of Bluegreen Vacations Holding Corporation for approximately $1.6 billion on January 17, 2024, expected to enhance offerings and customer reach[483] - The fair value of total assets acquired in the Bluegreen Acquisition was $2,515 million, while total liabilities assumed were $1,324 million, resulting in net assets acquired of $1,191 million[548] - Goodwill recorded in connection with the Bluegreen Acquisition amounted to $565 million, allocated to the Resort Operations and Club Management Segment ($142 million) and Real Estate Sales and Financing Segment ($423 million)[561] - The Grand Islander Acquisition was completed on December 1, 2023, for approximately $117 million, expanding the company's product offerings and providing upgrade opportunities for existing members[566] Financing and Debt - The company expects to secure fixed-rate funding to match its fixed-rate timeshare financing receivables while monitoring interest rate risk for any future variable-rate debt[427] - The company has variable-rate debt with a weighted average interest rate of 6.498%, totaling $2,841 million as of December 31, 2024[429] - Proceeds from debt in 2024 amounted to $2.758 billion, significantly higher than $758 million in 2023[477] - The company entered into a new $400 million senior secured term loan due January 2028, with a pricing of SOFR plus 1.75%[620] Revenue Recognition - The company recognizes revenue from prepaid vacation packages when customers stay at properties, including an estimate for expected breakage[491] - Revenue from annual dues for membership renewals is recognized over the period services are rendered, reflecting a steady income stream from club memberships[494] - The company recognizes management fees based on a percentage of costs to operate resorts, with fees recognized over time as services are consumed[495] Interest and Financing Receivables - The allowance for financing receivables losses as of December 31, 2024, was $1.1 billion, encompassing amounts from Legacy-HGV, Legacy-Diamond, and Legacy-Bluegreen operations[451] - The total originated timeshare financing receivables as of December 31, 2024, amounted to $2.932 billion, with a weighted-average interest rate of 14.9%[588] - The total acquired timeshare financing receivables as of December 31, 2024, was $1.084 billion, with a weighted-average interest rate of 15.0%[593] - The allowance for credit losses increased to $74 million in 2024 from $60 million in 2023, reflecting a 23.3% rise[581] Internal Controls and Compliance - The company assessed the effectiveness of its internal control over financial reporting as of December 31, 2024, excluding the operations of Bluegreen, which were acquired during the year[436] - The company maintained effective internal control over financial reporting as of December 31, 2024, based on COSO criteria[460] Cash Flow and Investments - Net cash provided by operating activities for 2024 was $309 million, slightly down from $312 million in 2023[477] - The company reported a net cash used in investing activities of $1.571 billion in 2024, compared to $158 million in 2023[477] - As of December 31, 2024, the company had investments in unconsolidated affiliates with a carrying amount of $73 million and received cash distributions of approximately $16 million from BRE Ace LLC[609][610] Expenses and Impairments - The acquisition and integration-related expenses for 2024 were $237 million, significantly higher than $68 million in 2023[472] - The company recognized a $2 million impairment for the year ended December 31, 2024, related to the closure of certain sales centers[603] - Amortization expense on intangible assets for the year ended December 31, 2024, was $216 million, compared to $163 million in 2023[613] Inventory and Assets Management - The total inventory as of December 31, 2024, was $2,244 million, up from $1,400 million in 2023, indicating a 60.3% growth[601] - The current balance of completed unsold Vacation Ownership Interests (VOIs) increased to $1,898 million in 2024 from $1,259 million in 2023, representing a 50.8% increase[601] - The company evaluates the carrying value of property and equipment for impairment, recognizing losses when expected future cash flows are less than the net book value[519]

Financial Data and Key Metrics Changes - Reported contract sales were $837 million, with adjusted EBITDA of $289 million, and margins excluding reimbursements of 23%, exceeding expectations [14][38] - For the year, contract sales reached $3 billion and adjusted EBITDA was $1.1 billion, with a record adjusted free cash flow of $837 million [37][60] - The company returned a record $432 million to shareholders through stock repurchases, reducing diluted share count by 10% [37][61] Business Line Data and Key Metrics Changes - In the real estate segment, contract sales grew to $837 million for the quarter, up 9% year-over-year on a pro forma basis, with Bluegreen contributing $208 million [39] - The rental business showed good top-line trends, although profitability was impacted by seasonality and the addition of Bluegreen's rental business [21][55] - The financing business generated revenues of $153 million with segment profit of $93 million, achieving margins of 61% [44] Market Data and Key Metrics Changes - The APAC region showed strong performance, particularly in Hawaii, with high demand for properties like the new Kohaku project in Waikiki [16][101] - Occupancy rates were slightly up at 82%, with a robust package pipeline of over 710,000 packages [19] - The company reported a consolidated member count of approximately 724,000, with a net owner growth (NOG) of 1.1% [21][53] Company Strategy and Development Direction - The company aims to achieve $100 million in cost synergies from the Bluegreen acquisition, with significant organizational changes already implemented [10][25] - The launch of HGV Max for Bluegreen members is expected to enhance the value proposition and drive growth in contract sales and EBITDA [12][24] - The financing optimization program aims to increase nonrecourse borrowing activity, targeting a securitization rate of 70% to 80% [47][48] Management's Comments on Operating Environment and Future Outlook - The management noted that the consumer environment remains consistent, with inflation and elevated interest rates impacting spending, but travel intentions remain strong [12][102] - The guidance for 2025 reflects expectations for growth in contract sales and EBITDA, despite anticipated headwinds from increased consumer financing interest expenses [62] - The company is optimistic about its momentum heading into 2025, with a focus on improving core quality and tour outcomes [32][102] Other Important Information - The company has significant excess liquidity of over $2 billion and a debt balance of $4.6 billion [46][65] - The President and CFO, Dan Matthews, is on a temporary leave of absence, with Erin Day stepping in as Acting CFO [33] Q&A Session Summary Question: How should we think about growth rates between workflow and VPG for 2025? - Management expects strong top-line revenue driven by growth in contract deals, with tours anticipated in the low to mid-single digits and VPG in a similar range [70][72] Question: Can you elaborate on the optimization program? - The program involves increasing the pace of securitizations, which will provide more cash infusion for share repurchases while receiving less immediate income [78][80] Question: What is the outlook for loan loss provisions in 2025? - The provision is expected to stabilize in the mid-teens, with some headwinds anticipated in Q1 [88] Question: How is the Bluegreen HGV Max rollout progressing? - The launch has seen a strong uptick, but it will take 18 to 24 months to fully engage all members [93][95] Question: What changes have been observed in customer behavior post-election? - Leisure travel remains strong, with improvements across all brands and segments, particularly in APAC and Hawaii [100][102] Question: What is the anticipated inventory investment for 2025? - The company expects inventory investment to be around $450 million, primarily for completing pre-COVID projects [106][109]

Financing Business Optimization F E B R U A R Y 2 0 2 5 Securitization overview Securitizations accelerate the conversion of receivables into cash flow, pulling forward the return of cash versus waiting 7-10 years for the mortgages receivables to pay off Mortgage receivable Real Estate group HGV balance sheet HGV warehouse facility lenders Cash The warehouse facility acts like a private securitization market, allowing HGV to monetize its receivables regardless of external market conditions securitization in ...

Hilton Grand Vacations, Inc. (NYSE:HGV) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Mark Melnyk - VP, IR Mark Wang - CEO & Director Erin Day - EVP, Finance & Acting CFO Conference Call Participants Patrick Scholes - Truist Securities Brandt Montour - Barclays Stephen Grambling - Morgan Stanley Ben Chaiken - Missouri Securities David Katz - Jefferies Chris Woronka - Deutsche Bank Patrick Scholes - Truist Securities Operator Good morning, and welcome to the Hilton Grand ...