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Hilton GRAND VACATIONS F IMMEDIATE RE Third Quarter 2021 Results¹ ● SE Hilton Grand Vacations Reports Record Third Quarter 2021 Results ORLANDO , Fla . ( Nov. 9 , 2021 ) – Hilton Grand Vacations Inc. ( NYSE : HGV ) ( “ HGV " or " the Company " ) today reports its third quarter 2021 results . ● Investor Contact : Mark Melnyk 407-613-3327 mark.melnyk@hgv.com ● Contract sales in the third quarter were $ 433 million . Media Contact : Lauren George 407-613-8431 lauren.george@hgv.com Legacy - HGV contract sales of $ 290 million were 81 % of Q3 2019 contract sales . Diamond contributed $ 143 million during the 59 days of HGV ownership . Member count increased for the fifth straight quarter , and Net Owner Growth ( NOG ) for our Legacy - HGV business in the 12 months ended Sept. 30 , 2021 is 1.2 % . Realized substantial cost synergy capture of $ 70 million on an annualized basis related to our acquisition of Diamond , achieving over half of our targeted 24 - month , $ 125 + million synergy goal . Total revenues for the third quarter were $ 928 million compared to $ 208 million for the same period in 2020 . Total revenues were affected by a recognition of $ 241 million in the current period compared to a deferral of $ 13 million in the same period in 2020 . Net income for the third quarter was $ 99 million compared to ( $ 7 ) million net loss for the same period in 2020 . Net income was affected by a net recognition of $ 133 million in the current period compared to a net deferral of $ 8 million in the same period in 2020 . Diluted EPS for the third quarter was $ 0.90 compared to ( $ 0.08 ) for the same period in 2020 . Diluted EPS was affected by a net recognition of $ 133 million in the current period compared to a net deferral of $ 8 million in the same period in 2020 , or $ 1.22 and ( $ 0.09 ) per share in the current period and the same period in 2020 , respectively . Adjusted EBITDA for the third quarter was $ 340 million compared to $ 19 million for the same period in 2020 . Legacy - HGV Adjusted EBITDA was $ 251 million for the quarter . Diamond contributed $ 89 million to Adjusted EBITDA for the quarter . Adjusted EBITDA and Legacy - HGV Adjusted EBITDA were affected by a net recognition of $ 133 million in the current period compared to a net deferral of $ 8 million in the same period in 2020 . " We're off to a great start with the integration of our Diamond acquisition , which closed in early August , " said Mark Wang , president and CEO of Hilton Grand Vacations . " Over the past few months , I've met with team members at our resorts around the country , and I'm thrilled about the level of excitement across the combined organization . The integration process is proceeding as planned , and I'm confident we'll maximize the many benefits of this transformative acquisition moving forward , including the launch of our rebranding phase next year . I'm also incredibly proud of the team for continuing to execute during this busy time . In the third quarter , we generated strong EBITDA in line with 2019 levels , with record margins . " ¹ The Company's current period results and prior year results include impacts related to deferrals of revenues and direct expenses related to the Sales of VOIs under construction that are recognized when construction is complete . These impacts are reflected in the sub - bullets . 1