ORLANDO, Fla.--(BUSINESS WIRE)--
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:
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Consistent and proven net owner growth (NOG)-driven strategy
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Sustainable and predictable growth from its disciplined focus on the
embedded value of its owner base
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Differentiated demand generation with market-leading topline growth
and margins
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Global and diverse owner base with unique success in Japan
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Capital-efficient inventory strategy that balances strong EBITDA
growth with attractive ROIC
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Resilient and proven business model that has been tested throughout
market cycles
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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.
Forward-Looking Statements
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181204005169/en/
Investor Contact:
Robert LaFleur
407-613-3327
robert.lafleur@hgv.com
Media
Contact:
Erin Pagán
407-613-3771
erin.pagan@hgv.com
Source: Hilton Grand Vacations Inc.