Wyndham Hotels & Resorts — Oct 23, 2024 release

Full-Year 2024 Outlook The Company is refining its outlook as follows: Updated Outlook Prior Outlook Year-over-year rooms growth 3 - 4% 3 - 4% Year-over-year global RevPAR growth Approx. flat Approx. flat Fee-related and other revenues $1.41 - $1.43 billion $1.41 - $1.43 billion Adjusted EBITDA $690 - $700 million $690 - $700 million Adjusted net income $338 - $348 million $338 - $348 million Adjusted diluted EPS $4.22 - $4.34 $4.20 - $4.32 Adjusted free cash flow conversion rate ~60% ~60% NOTE:     Outlook for adjusted EBITDA, adjusted net income, adjusted diluted EPS and adjusted free cash flow conversion rate excludes all previous 2024 expenses and cash outlays associated with the Company's defense of an unsuccessful hostile takeover attempt. Year-over-year growth rates for adjusted EBITDA, adjusted net income and adjusted diluted EPS are not comparable due to full-year 2023 marketing fund revenues exceeding expenses by $9 million, which substantially completed the recovery of the $49 million support the Company provided to its owners during COVID. The Company continues to expect marketing fund revenues to equal expenses during full-year 2024 though seasonality of spend will affect the quarterly comparisons throughout the year. More detailed projections are available in Table 8 of this press release. The Company is providing certain financial metrics only on a non-GAAP basis because, without unreasonable efforts, it is unable to predict with reasonable certainty the occurrence or amount of all of the adjustments or other potential adjustments tha