Diamond Resorts

remapped historical financial information

Important Note About the Appendix

The following pages present Legacy-Diamond's unaudited historical financial information and other data (including non-GAAP financial measures) on a standalone basis for (i) the quarters ended March 31, June 30, September 30, and December 31 for 2019 and 2020, and for the years ended December 31, 2019 and 2020, and (ii) the quarters ended March 31, June 30, and September 30 for 2021, and the nine months ended September 30, 2021, in each case as adjusted to present Legacy-Diamond's historical financial information to align with HGV's business line classifications and its financial statement presentation (including HGV's definitions of certain non-GAAP financial measures).

With respect to the quarter and nine months ended September 30, 2021, Legacy-Diamond's financial information and other data reflect the full calendar quarter and nine months, respectively (including the period both before and after HGV's acquisition of Diamond on August 2, 2021), on a standalone basis.

All such information and data in the following pages are being presented and provided solely for informational purposes to enable investors to compare the two companies' performance for such periods on a consistent basis. Accordingly, such information is not the same as, and should not be substituted for, historical financial information and data that may have been presented or issued by Diamond in the past, some of which may be included in HGV's prior filings with the SEC, and should be read in conjunction with such historical financial information and related notes thereto and data included in such filings. In addition, such adjustments do not constitute reclassifications or restatements in accordance with HGV's current accounting policies and figures presented may not match prior reported Diamond figures due to rounding.

As noted above, the following pages contain EBITDA and Adjusted EBITDA (including both Legacy-HGV's and Legacy-Diamond's variations), financial measures that are not recognized under U.S. GAAP. EBITDA reflects net income (loss), before interest expense (excluding non-recourse debt), a provision for income taxes and depreciation and amortization, and Adjusted EBITDA is calculated as EBITDA as further adjusted to exclude certain items. For additional discussions on such non-U.S. GAAP financial measures, including why HGV believes such measures are useful to investors and certain limitations of use of such measures, please refer to page the section titled "Definitions" on page 8 of HGV's press release issued on November 9, 2021 reporting its third quarter 2021 results.

2019 remapped Diamond results

Remapped to HGV segment reporting

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Diamond historical information - Income Statement 2019

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Diamond historical information - EBITDA reconciliation 2019

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Hilton Grand Vacations Inc. published this content on 05 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2022 13:17:01 UTC.