ORLANDO, Fla. (Dec. 4, 2018) – Hilton Grand Vacations Inc. (NYSE: HGV), as previously announced, will host an investor day in New York City today to discuss the company’s strategy and financial outlook.
The event will feature presentations by members of HGV’s senior leadership team, including Mark Wang, president and CEO; Allen Klingsick, chief accounting officer; Sherri Silver, chief marketing officer; Stan Soroka, chief customer officer; Erin Day, vice president, corporate finance and strategic planning; and Robert LaFleur, vice president of investor relations. HGV will also introduce its newly appointed chief financial officer Dan Mathewes.
Executives will share HGV’s:
- Consistent and proven net owner growth (NOG)-driven strategy
- Sustainable and predictable growth from its disciplined focus on the embedded value of its owner base
- Differentiated demand generation with market-leading topline growth and margins
- Global and diverse owner base with unique success in Japan
- Capital-efficient inventory strategy that balances strong EBITDA growth with attractive ROIC
- Resilient and proven business model that has been tested throughout market cycles
- Dynamic capital-allocation strategy to grow the business and deliver value for shareholders
“Our company’s outlook is strong, supported by 25 years of consecutive growth and our ability to capitalize on the investments we’ve made during our first two years as an independent company,” says Mark Wang, president and CEO of Hilton Grand Vacations. “The significant acceleration of earnings and cash flow we expect to see from these investments gives us greater flexibility to allocate our capital in ways that help maximize the long-term creation of value for our shareholders.”
A live webcast of HGV’s investor day, including the slide presentation, will begin at 9:15 a.m. (EST) in the “Events and Presentations” section of HGV’s investor relations website at http://investors.hgv.com. The webcast with corresponding presentation will be also be available via archived replay in the same location.
This press release contains forward-looking statements within the meaning of the federal securities laws (including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) and the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. These forward-looking statements are based on management’s beliefs, expectations and assumptions and information currently available to management, and are subject to risks and uncertainties. Actual results could differ materially from those contemplated by such forward-looking statements because of factors such as: inherent business, financial and operating risks of the timeshare industry; adverse economic or market conditions that may affect the purchasing and vacationing decisions of consumers or otherwise harm our business; intense competition in the timeshare industry, which could lead to lower revenue or operating margins; the termination of material fee-for-service agreements with third parties; the ability of the Company to manage risks associated with our international activities, including complying with laws and regulations affecting our international operations; exposure to increased economic and operational uncertainties from expanding global operations, including the effects of foreign currency exchange; potential liability under anti-corruption and other laws resulting from our global operations; changes in tax rates and exposure to additional tax liabilities; the impact of future changes in legislation, regulations or accounting pronouncements; acquisitions, joint ventures, and strategic alliances that may not result in expected benefits and that may have an adverse effect on our business; our dependence on development activities to secure inventory; cyber-attacks and security vulnerabilities that could lead to reduced revenue, increased costs, liability claims, or harm to our reputation or competitive position; disclosure of personal data that could cause liability and harm to our reputation; abuse of our advertising or social platforms that may harm our reputation or user engagement; outages, data losses, and disruptions of our online services; claims against us that may result in adverse outcomes in legal disputes; risks associated with our debt agreements and instruments, including variable interest rates, operating and financial restrictions, and our ability to borrow additional money or service our indebtedness; the continued service and availability of key executives and employees; and catastrophic events or geo-political conditions that may disrupt our business. In addition, there may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business and financial results. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business.
Accordingly, you should not place undue reliance on any such forward-looking statements. For more information about such risks and uncertainties, as well as other potential factors that could cause our business and financial results to differ materially from those contemplated by such forward-looking statements, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our SEC filings, including, but not limited to our most recent annual report on Form 10-K, our quarterly reports on Form 10-Q, and those described from time to time in our future SEC filings. Forward-looking statements speak only as of the date they are made, and HGV undertakes no obligation to publicly update or revise any forward-looking statement or information to reflect changed assumptions, the occurrence of unanticipated events, or to conform to actual future operating results, whether as a consequence of new information, future developments, changes in the Company’s expectations or otherwise, except as required by law.
About Hilton Grand Vacations Inc.
Hilton Grand Vacations Inc. (NYSE: HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. The company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 300,000 club members. For more information, visit www.hgv.com and www.hiltongrandvacations.com.