UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or

Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or

with and changes to United States and global laws and regulations, including those related to anti-corruption and privacy; risks related to the Company’s

acquisitions, joint ventures, and other partnerships; the Company’s dependence on third-party development activities to secure just-in-time inventory; the

performance of the Company’s information technology systems and its ability to maintain data security; regulatory proceedings or litigation; adequacy of

the Company’s workforce to meet its business and operation needs; the Company’s ability to attract and retain key executives and employees with skills and

capacity to meet its needs; and natural disasters or adverse geo-political conditions. Any one or more of the foregoing factors could adversely impact the

Company’s operations, revenue, operating margins, financial condition and/or credit rating.

events or changes to future operating results over time.

Additional Information about the Proposed Transaction and Where to Find It

This communication may be deemed solicitation material in respect of the proposed Merger. In connection with the proposed Merger transaction, the

Company has filed with the SEC a preliminary proxy statement and other documents regarding the proposed Merger, and plans to file with the SEC a

definitive proxy statement as well as other documents regarding the proposed Merger. This communication does not constitute a solicitation of any vote or

approval. Stockholders are urged to read the preliminary proxy statement, the definitive proxy statement when it becomes available and any other

documents to be filed with the SEC in connection with the proposed Merger or incorporated by reference in the proxy statement because they will contain

important information about the proposed Merger.

Investors may obtain free of charge the preliminary proxy statement, definitive proxy statement when it becomes available, and other documents filed with

the SEC at the SEC’s website at https://www.sec.gov. In addition, the proxy statement and the Company’s annual reports on Form 10-K, quarterly reports

solicitation of proxies from stockholders of the Company in favor of the proposed Merger. Information regarding the persons who may, under the rules of

preliminary proxy statement and the other relevant documents that will be filed with the SEC. You can find information about the Company’s executive

officers and directors in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and in its definitive proxy statement for the 2021

annual meeting of stockholders filed with the SEC on Schedule 14A on March 26, 2021.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf

by the undersigned hereunto duly authorized.

HILTON GRAND VACATIONS INC.

Executive Vice President, General Counsel and

Secretary

This slide presentation, the information contained herein and the materials accompanying it (i) constitute confidential information, (ii) are provided to you on the condition that you agree to hold it in strict confidence and not reproduce, disclose, forward or distribute it in whole or in part without the prior written consent of HGV and (iii) are intended for the recipient hereof only. Acceptance of this slide presentation further constitutes your acknowledgment and agreement that none of HGV and its affiliates, directors, officers, employees, partners, members, controlling persons, agents or advisers makes any express or implied representation or warranty as to the accuracy or completeness of the information contained herein or shall have any liability to the recipient or its representatives relating to or arising from the information contained herein or any omissions from such information, the use or misuse of such information or any other written or oral communication transmitted to any interested party in the course of its evaluation of HGV. This slide presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements convey management’s expectations as to HGV’s future, and are based on management’s beliefs, expectations, assumptions and such plans, estimates, projections and other information available to management at the time HGV makes such statements. Forward-looking statements include all statements that are not historical facts, including those related to the proposed Merger (defined below) and HGV’s revenues, earnings, cash flow and operations, and may be identified by terminology such as the words “outlook,” “believe,” “expect,” “potential,” “goal,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” predicts,” “intends,” “plans,” “estimates,” “anticipates” “future,” “guidance,” “target,” or the negative version of these words or other comparable words. HGV cautions you that forward-looking statements involve known and unknown risks,uncertainties and other factors, including those that are beyond HGV’s control, that may cause its actual results, performance or achievements to be materially different from the future results. Factors that could cause HGV’s actual results to differ materially from those contemplated by its forward-looking statements include: the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement related to the proposed acquisition of Dakota Holdings, Inc. (the “Merger”); the inability to complete the proposed Merger due to the failure to obtain stockholder approval for the proposed Merger or the failure to satisfy other conditions to completion of the proposed Merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction; risks related to disruption of management’s attention from HGV’s ongoing business operations due to the transaction; the effect of the announcement of the proposed Merger on HGV’s relationships, operating results and business generally; the risk that the proposed Merger will not be consummated in a timely manner; exceeding the expected costs of the Merger; the material impact of the COVID-19 pandemic on HGV’s business, operating results, and financial condition; the extent and duration of the impact of the COVID-19 pandemic on global economic conditions; HGV’s ability to meet its liquidity needs; risks related to HGV’s indebtedness; inherent business risks, market trends and competition within the timeshare and hospitality industries; HGV’s ability to successfully source inventory and market, sell and finance VOIs; default rates on HGV’s financing receivables; the reputation of and HGV’s ability to access Hilton brands and programs, including the risk of a breach or termination of HGV’s license agreement with Hilton; compliance with and changes to United States and global laws and regulations, including those related to anti-corruption and privacy; risks related to HGV’s acquisitions, joint ventures, and other partnerships; HGV’s dependence on third-party development activities to secure just-in-time inventory; the performance of our information technology systems and HGV’s ability to maintain data security; regulatory proceedings or litigation; adequacy of HGV’s workforce to meet its business and operation needs; HGV’s ability to attract and retain key executives and employees with skills and capacity to meet its needs; and natural disasters or adverse geo-political conditions. Any one or more of the foregoing factors could adversely impact HGV’s operations, revenue, operating margins, financial condition and/or credit rating. For a more detailed discussion of these factors, see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in HGV’s most recent Annual Report on Form 10-K filed with the SEC on March 1, 2021 and its Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2021 and filed with the SEC on April 29, 2021, which may be updated from time to time in HGV’s annual reports, quarterly reports, current reports and other filings HGV makes with the SEC. HGV’s forward-looking statements speak only as of the date of this communication or as of the date they are made. HGV disclaims any intent or obligation to update any “forward looking statement” made in this communication to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. This presentation includes discussions of terms that are not recognized terms under U.S. Generally Accepted Accounting Principles (“GAAP”), and financial measures that are not calculated in accordance with GAAP, such as Adjusted EBITDA. We derived any non-GAAP financial measures from our financial statements and Dakota Holdings, Inc.’s financial statements. We believe such non-GAAP measures provide useful information to our investors about us and our financial condition and results of operations since these measures are used by our management to evaluate our operating performance and by securities analysts and investors as common financial measures for comparison in our industry. See our most recentAnnual Report on Form 10-K and our most recent Quarterly Report on Form 10-Q for a more detailed discussion of the meanings of these terms and our reasoning for providing non-GAAP financial measures and the Appendix to this presentation for a full reconciliation of these measures to the most directly comparable GAAP financial measures. Additional Information about the Proposed Transaction and Where to Find It This slide presentation may be deemed solicitation material in respect of the proposed Merger. In connection with the proposed Merger transaction, HGV has filed with the SEC a preliminary proxy statement and other documents regarding the proposed Merger, and plans to file with the SEC a definitive proxy statement as well as other documents regarding the proposed Merger. This slide presentation does not constitute a solicitation of any vote or approval. Stockholders are urged to read the preliminary proxy statement, the definitive proxy statement when it becomes available and any other documents to be filed with the SEC in connection with the proposed Merger or incorporated by reference in the proxy statement because they will contain important information about the proposed Merger. Investors may obtain free of charge the preliminary proxy statement, definitive proxy statement when it becomes available, and other documents filed with the SEC at the SEC’s website at https://www.sec.gov. In addition, the proxy statement and HGV’s annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnish pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 are available free of charge through HGV’s website at https://investors.hgv.com/ as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC. The directors, executive officers and certain other members of management and employees of HGV may be deemed “participants” in the solicitation of proxies from stockholders of HGV in favor of the proposed Merger. Information regarding the persons who may, under the rules of the SEC, beconsidered participants in the solicitation of the stockholders of HGV in connection with the proposed Merger can be found in the preliminary proxy statement and the other relevant documents that will be filed with the SEC. You can find information about HGV’s executive officers and directors in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and in its definitive proxy statement for the 2021 annual meeting of stockholders filed with the SEC on Schedule 14A on March 26, 2021. Disclaimer

Agenda Transaction overview Combined company overview Key credit highlights Segment overview and update Historical financial performance Syndication Overview Appendix

Transaction Overview

Executive Summary On March 10, 2021, Hilton Grand Vacations Inc. (“HGV” or the “Company”) announced it had entered into a definitive agreement to acquire Diamond Resorts International, Inc. (“Diamond”) from funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”), funds managed by affiliates of Reverence Capital Partners (“Reverence”), and other Diamond stockholders for a total deal value of $3.0 billion with consideration paid by HGV at closing expected to be $1.4 billion1 The combination will create a premier vacation ownership company with the broadest offering in the industry, encompassing 154 upscale and luxury properties, 48 sales centers and over 720,000 owners HGV will be financing the acquisition and the refinancing of certain indebtedness with a new $1,300 million Term Loan B facility (“TLB”), new $675 million of Other Unsecured Debt, and $1.4 billion of equity The acquisition is expected to close in summer of 2021, subject customary closing conditions Pro forma for the transaction Secured and Total Leverage will be 1.9x and 3.3x (excluding non-recourse securitized debt), respectively, based on FY 2019 PF Adjusted EBITDA of $885 million2 Assumes issuance of 34.5 million shares of HGV stock at $40.32 per share. Excludes one-time transaction fees and assumption of $657 million of securitized debt from DRI, which is non-recourse to combined entity. EBITDA adjusted to exclude the impact of net deferrals of revenue and direct expenses related to the Sales of VOIs under construction. Diamond EBITDA derived from Dakota Holdings, Inc (“Diamond Resorts”) 2019 financial statements, further adjusted to conform to HGV’s definition of Adjusted EBITDA. HGV EBITDA derived from Hilton Grand Vacations Inc. 2019 financial statements. Includes estimated annualized cost synergies of $125 million.

…And more properties in more places Benefits of expanded geographic portfolio 34 8 17 18 DRI Beach Ski Urban 18 HGV 911 9 27 18 Higher tour flow, with more locations to access and offer Higher conversion, with broader appeal to new customers 38 9 16 54 15 9 29 32 24 38 US + Canada Only Common market HGV resorts HGV-only market Diamond resorts Diamond-only market Attractions9 Desert & Outdoors Global Drive-to Destination International Sales Centers EUROPE (5+24) MEXICO & CARIBBEAN (2+5) JAPAN (2) 92US + Canada Panorama South Lake Tahoe Brian Head San Luis Bay Capistriano Beach Carlsbad Ramona Sedona Cave Creek/Payson Scottsdale Pinetop Santa Fe Tucson Park City Estes Park Breckenridge Las Vegas Cabo Chicago South Bend New York Tremblant Blue Mountain D.C. Williamsburg Virginia Beach Kitty Hawk Sapphire Myrtle Beach Charleston Hilton Head Daytona/ Ormond Beach Orlando Miami Naples/Marco Island Captiva/Sanibel Sandestin Gatlinburg Branson Whistler/Vancouver Kauai Honolulu Maui Waikoloa Palm Desert Palm Springs Sonora 51 Note: "Outdoors" is composed of Gatlinburg and Pigeon Forge, TN and Ucluelet, Canada. "Regional" is composed of US excluding Hawaii and NYC. "Destination" is composed of Hawaii, NYC, and Canada. Mexico also includes Diamond location in Zihuatanejo (not pictured on map). 48

New branded trust offers additional benefits Advantages for combined entity Premium pricing for certainty of availability in high demand real estate markets Inventory sourcing flexibility and efficiency allows us to employ a fee-for-service model with multiple partners Ability to pre-sell new developments supports strong project-level cash flow and returns Deeded points Trust points Advantages for buyers and owners Guaranteed availability to reserve purchased week provides peace of mind Aspirational sense of true ownership Physical asset that can be passed down to future generations Smoother sales and upgrades, with less specific matching of buyer to property Lowers barrier to ownership and broadens ability to buy into system with more flexible pricing options Reduces inventory delivery volatility and reliance on new builds Facilitates inventory recycling, reducing new build needs Geographic flexibility to access network without committing to home resort Timing flexibility, as not tied to a particular time of year or duration

Key Credit Highlights

Summary Credit Highlights Industry leading diverse portfolio and owner network 1 Diversified earnings profile Significant synergies from strategic combination Broadened addressable market Attractive free cash flow profile Strong and flexible balance sheet Experienced management team 2 3 4 5 6 7

Industry Leading Diverse Portfolio and Owner Network 731K 660K 405K 326K 220K Owners 878K 150 110 91 59 45 Resorts 230 663K 383K 280K 236K Tours 945K $1,524 $1,410 $932 $619 $3,439 $3,403 $3,331 $2,642 $2,381 VPG $3,518 $991 $885 2 $758 $453 $305 $122 Contract Sales $ in millions $2,355 $2,342 448K 1 2 Adjusted EBITDA $ in millions Source: 2019 company filings Estimated. Adjusted for net deferrals of revenue and direct expenses related to the Sales of VOIs under construction; combined includes total identified run-rate cost synergies of $125 million; see Reconciliations in Appendix. 2 1

Diversified earnings profile with increased contribution from recurring and fee-based earnings Adjusted for net deferrals of revenue and direct expenses related to the Sales of VOIs under construction. 2 New buyers and owner upgrades further grow these fee streams and create a multiplier effect NOG generates several high margin, recurring fee streams: Club membership fees Property management fees Financing fees ~50% of Segment Adjusted EBITDA from recurring sources1 ~40% of Segment Adjusted EBITDA from recurring sources1

Acquisition unlocks significant synergies 1 Cost synergies Revenue levers More products Branded trust product Expanded chain scale Broader price coverage Experiential offerings More places Expanded regional network Higher NOG Additional HGV owner sales More owners Diamond owner base activated by Hilton Grand Vacations brand, which is complemented by Hilton Grand Vacation owner base being activated by Diamond’s experiential platform HGV new buyer lift Diamond new buyer lift HGV owner lift Diamond owner lift Diamond rental performance Revenue synergies Cost synergy run-rate achieved in the first 24 months following close General & administrative efficiencies Operational efficiencies Financial efficiencies $125M+ identified 3 2 3

Broadened addressable market via wider range of price points List price per week for HGV vs. Diamond inventory… Diamond's 75th percentile price point sits just below HGV's lowest 25th percentile1 …enhances value proposition for more demographics, expanding Company’s core market # US householders age 25-742 + = HGV current core market Expansion HGV new core market 14M 41M 55M Household income $75-100K Household income $100K + >34% increase Combined 75th 50th 25th 75th 50th 25th ~$93K ~$60K ~$39K ~$34K ~$25K ~$18K 75th 50th 25th ~$80K ~$47K ~$28K Figures unweighted by room type. Selected Characteristics of Households by Total Money Income in 2019. US Census Bureau, Current Population Survey, 2020 ASEC Supplement. 4

Focus on efficiency will drive free cash flow conversion Tap significant developed inventory pipeline to reduce near-term spending needs Reduce long-term inventory spending with increased rate of inventory recapture driven by Diamond’s capital efficient points-based system Maintain industry-leading margins First year Steady state Operating efficiency Working capital efficiency Realize incremental $20-25M of annualized HGV standalone cost reductions identified in 2020 Realize $125M+ of run-rate cost synergies Double-digit adjusted FCF/share accretive150-60% adjusted FCF conversion2 5 Excluding one-time transaction costs. Conversion of Adjusted EBITDA excluding the impact of net deferrals of revenue and direct expenses related to the Sales of VOIs under construction.

Acquisition results in a strong and flexible balance sheet to support the business Pro-forma liquidity of $1.0 billion at year-end 2020 Nearly $300 million of receivables eligible for securitization Capital market efficiencies from increased scale of combined ABS platform Cash flow generation will drive rapid deleveraging Pro forma leverage1 6.8x, returning to below 3.0x within 24 months Diamond Ocean Beach Club Virginia Beach, Virginia Diamond Embarc Whistler Whistler, Canada EBITDA adjusted to exclude the impact of net deferrals of revenue and direct expenses related to the Sales of VOIs under construction. Diamond EBITDA derived from Dakota Holdings, Inc (“Diamond Resorts”) 2020 and Q1 2021 financial statements, further adjusted to conform to HGV’s definition of Adjusted EBITDA. HGV EBITDA derived from Hilton Grand Vacations Inc. 2020 and Q1 2021 financial statements. Includes estimated annualized cost synergies of $125 million. The leverage is based on TTM Q1 2021 Adjusted EBITDA of $436 million. Please refer to appendix for reconciliation. 6

Balanced Sales Mix to Owners and New Buyers Drives NOG Owners Sales Tours to New and Existing Members In-House Tours Tours (000’s) Contract Sales ($ millions) Owners (000’s) Strong focus on Net Owner Growth (“NOG”) and embedded value Extensive marketing platform and new customer pipeline from Hilton generates significant tour flow Combined 2019 Tours ~663k tours Combined 2019 Contract Sales $2,342 million Combined 2019 Owners 725k+ owners Source: Public filings, HGV and Diamond management provided data.

High Quality, Loyal Customer Base Source: Public filings, HGV and Diamond management provided data. Note: As of Q1 2021. 1)Weighted average FICO score of the loan portfolio since FY 2020.

Significant In-Place Inventory and Pipeline Projects to Support Growth Recent Developments Sequel 207 Units Sales Start: January 2020 Resort Open: March 2021 The Quin by Hilton Club 140 Units Sales Start: October 2020 Resort Open: October 2021 The Beach Resort Sesoko by Hilton Club 161 Units Sales Start: March 2019 Resort Open: June 2021 The Central at 5th by Hilton Club New Markets 78 Units Sales Start: March 2019 Resort Open: June 2019 Hilton Grand Vacations Chicago Downtown / Magnificent Mile 74 Units Sales Start: December 2020 Resort Open: December 2020 La Pacifica Los Cabos by Hilton Club 388 Units Sales Start: April 2020 Resort Open: September 2021 Maui Bay Villas by Hilton Grand Vacations 100 Units Sales Start: June 2019 Resort Open: June 2021 Liberty Place Charleston by Hilton Club Estimated contract sales value of HGV’s total pipeline is approximately $10 billion1 With 32% of the pipeline consisting of just-in-time inventory and 20% consisting of fee-for-service inventory, capital-efficient inventory represents 52% of HGV’s total pipeline The continuing ramp from Diamond’s newest properties, The Modern and Pigeon Forge, provides further upside opportunity Source: Public filings and HGV management provided data. Includes approximately $4 billion of sales relating to inventory that is currently available for sale at open or soon-to-open projects. The remaining $6 billion of sales is inventory at new or existing projects that will become available for sale in the future upon registration, delivery or construction.

Significant In-Place Inventory and Pipeline Projects to Support Growth Diamond’s capital-lite inventory strategy provides a relatively low-cost, consistent stream of timeshare inventory – Diamond does not need to spend capital on inventory development to maintain sales Existing pool of unsold inventory 1 Existing pool of active owners 2 Recaptured inventory 3 Sell Points Natural Attrition Recycle Recaptured inventory from natural attrition returns to pool of inventory Natural attrition includes: Lifestyle change Default Death Divorce Etc. ~1.5 Billion Points in Current Inventory1 ~$4 Billion Retail Sales Value ~4 Years Completed Inventory On Hand Recovered inventory from attrition Vast majority of owners are fully paid Source: Diamond management provided data. Note: As of Q1 2021. Including Europe.

Consumer Financing Segment Generates Consistent, High Margins Attractive net interest margin2 Core functions Consumer finance highlights Underwriting Credit underwriting Contract origination Price compliance Escrow processing Controls Sales / inventory Quality assurance Loan & HOA servicing Collateral servicing Billing and processing In-House collections Reporting Data analysis Investor reporting Consumer finance Loans that meet the eligibility criteria are able to be monetized through HGV’s and Diamond’s warehouse facilities Once sufficient loans are generated, loans are packaged and sold to investors in the form of a Securitization Securitized loans are non-recourse Transaction structures utilized to securitize timeshare loan collateral have evolved, and branded developers like HGV continued to maintain ABS market access during the financial crisis and the COVID pandemic Since 2009, HGV and Diamond completed 6 securitizations, totaling $1.9bn of aggregate issuance3 and 12 securitizations, totaling $2.7bn of aggregate issuance, respectively Warehouses and securitization A B $2.0bn combined consumer loan portfolio Disciplined underwriting with strong average FICO scores (HGV and Diamond weighted average FICO scores of 735 and 743, respectively)1 Growth driven by VOI sales (HGV and Diamond financing propensity of 65% and 81%, respectively) Source: 1Q 2021 company filings. Weighted average FICO score of the loan portfolio since FY 2020. Calculated as weighted average interest rate earned less weighted average interest rate paid by HGV and Diamond, respectively. HGV priced its first securitization in August 2013.

Loan Portfolio Overview Source: Public filings, HGV and Diamond management provided data. Note: As of Q1 2021. 1)Weighted average FICO score of the loan portfolio since FY 2020.

Management of resorts in the HGV and Diamond networks, Diamond collections and properties developed by third parties Services provided span operations, hospitality, and finance Platform scale, systems and inventory management benefit HOAs Resort management Resort & Club Management Provide Predictable & Recurring Revenue Streams Club Members1 Key sources of resort operations & club management income A An exchange service that forms the hub of the points-based member experience Points system provides greater flexibility and benefits to members Annual Club dues provide visible and recurring revenue stream Club management B Strong recurring and predictable cash flows Generally cost plus HOA management contracts Less volatile than traditional variable hotel management contracts tied to RevPAR Automatic renewals Also includes annual Club dues from members Source: Company filings. Diamond Resorts represents core North America members.

Transient Rentals Offer Ability to Monetize Unsold Inventory Diamond Ocean Beach Club Virginia Beach, Virginia Las Palmeras, a Hilton Grand Vacations Club Orlando, FL Rental inventory offered through proprietary, branded channels (Hilton.com) and third party channels (e.g. OTAs) Revenue from rentals of unsold inventory and inventory made available due to ownership exchanges through the club Fee revenue from the rental of inventory owned by third parties Ancillary revenues from retail and spa outlets at resort properties Rental & ancillary highlights Allows combined HGV to utilize otherwise unoccupied inventory Transient Rentals Optimize Use of Inventory and Lead to Incremental VOI Sales Provides owner flexibility and mitigates inventory carry costs Rental business creates attractive marketing opportunities to preview guests and transient renters, leading to more effective sales opportunities and closing efficiencies from onsite experiences Potential upside to Diamond’s rental platform by leveraging HGV and Hilton’s rental network

Historical Financial Performance

HGV Q1 2021 Financial Results Highlights Consistent with Q1 2021 HGV 10Q filing Includes charges to real estate sales and financing segment from the resort operations and club management segment for fulfillment of discounted marketing package stays at resorts. These charges totals $3 million and $8 million for three months ended March 31, 2021 and 2020, respectively Includes charges to real estate sales and financing segment from the resort operations and club management segment for the rental of model units to show prospective buyers. These charges totaled less than $1 million for the three months ended March 31, 2021 and 2020 For the three months ended March 31, 2021, this amount includes $15 million of acquisition costs associated with the recently announced acquisition of Diamond, $4 million of costs associated with restructuring, and $3 million of other one-time charges, and non-cash items. For the three months ended March 31, 2020, this amount includes costs associated with restructuring, one-time charges, and other non-cash items. For the three months ended March, 2020, these amounts include costs associate with restructuring, one-time charges and other non-cash items Includes interest expense and depreciation and amortization included in equity in earnings (losses) from unconsolidated affiliates Q1 2021 recent developments Q1 2021 showed improvement for a third straight quarter since the onset of COVID-19 Vaccine rollout and positive travel and leisure outlook have provided a meaningful tailwind for a strong quarter For three months ended 3/31/2021, Total Revenue and Adj. EBITDA were $235 million and $42 million representing a decrease of 33% and increase of 27% YoY, respectively Real estate and financing revenue decreased 40% YoY Contract sales for the quarter for the quarter decreased 43% YoY In open markets, total contract sales were up 6% sequentially Tours decreased 58% YoY Volume per guest increased 33% YoY Close rates were over 20% due to increased demand for travel and high-quality HGV products Resort operations and club management revenue decreased 23% YoY As of 3/31/2021,20% of properties remain temporarily suspended, and a number of HGV’s remaining markets continue to operate under capacity and other constraints Inventory Estimated contract sales value of HGV’s total pipeline is ~$10 billion at current pricing $4 billion of sales relating to inventory that is currently available for sale at open or soon-to-open projects and $6 billion of sales at new or existing projects that will become available for sale in the future upon registration, delivery, or construction Owned inventory represents 80% of the Company’s total pipeline, ~37% of owned inventory pipeline is currently available for sale Liquidity and balance sheet Cash: $400 million Revolver: $139 million of availability Timeshare Facility: $450 million remaining borrowing capacity

Contract Sales ($ in millions) Pro Forma Combined Annual Historical Financials Based on economic Adj. EBITDA, excluding the impact of construction deferrals. Diamond EBITDA derived from Diamond Resorts financial statements, further adjusted to conform to HGV’s definition of Adjusted EBITDA. Calculated as net cash from operations less corporate capex less net cash from securitization activities. Adjusted EBITDA (excl. deferrals) 1 ($ in millions) Adjusted Free Cash Flow 2 ($ in millions) HGV Diamond Resorts Estimated Annualized Cost Synergies

Syndication Overview

Questions & Answers

Appendix

Pro forma organizational structure Public Equity Holders Hilton Grand Vacations Inc. Delaware Corporation Apollo Funds & Co-Investors Hilton Grand Vacations Borrower LLC Delaware LLC Hilton Resorts Corporation Delaware Corporation HGV Operating Subsidiaries HGV Securitization Subsidiaries PF Ownership ~72% $800mm Amended Revolver $1,300mm New Term Loan B $675mm New Other Unsecured Debt $591mm Assumed Diamond Senior Unsecured Notes1 Hilton Grand Vacations Borrower Inc., a Delaware corporation wholly owned by Hilton Grand Vacations Borrower LLC, is not shown for simplicity PF Ownership ~28% Guarantors Hilton Grand Vacations Parent LLC Delaware LLC Borrower / Issuer Diamond Securitization Subsidiaries Diamond Operating Subsidiaries $591 million Diamond Senior Unsecured Notes may be refinanced on a best efforts basis with new other unsecured debt.

2019 Net income to Adjusted EBITDA reconciliation Derived from HGV’s 2019 Annual Report on Form 10-K. Derived from Dakota Holdings, Inc (“Diamond Resorts”) 2019 financial statements, further adjusted to conform to HGV’s definition of Adjusted EBITDA. For Diamond Resorts, other adjustment items includes costs primarily associated with acquisition and integration costs, restructuring, consulting and other one-time charges. Represents the deferred revenues and related direct expenses from the sales of VOIs under construction. Represents estimated annualized cost synergies. Represents Adjusted EBITDA as defined, further adjusted for deferred revenues and related direct expenses from the sales of VOIs under construction.

TTM March 2021 Net income to Adjusted EBITDA reconciliation Derived from HGV's Quarterly and Annual Reports on Form 10-Q and Form 10-K. Derived from Dakota Holdings, Inc ("Diamond Resorts") 2020 and 2021 financial statements, further adjusted to conform to HGV's definition of Adjusted EBITDA. Represents transaction accounting and financing adjustments giving effect to the acquisition of Diamond Resorts as if it had been completed on January 1, 2020. The unaudited pro forma adjustments are based upon currently available information, estimates and assumptions that HGV’s management believes are reasonable as of the date hereof. The unaudited pro forma condensed combined financial information is for informational purposes only, is not intended to represent or to be indicative of actual results of operations or financial position of HGV or Diamond had the Transactions been completed on the dates assumed, and should not be taken as indicative of future consolidated results of operations or financial position. The actual results may differ significantly from those reflected in the pro forma statement of operations for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma statements of operations and actual amounts. Includes costs associated with acquisition and integration costs, restructuring, consulting and other one-time charges. Represents the deferred revenues and related direct expenses from the sales of VOIs under construction. Represents estimated annualized cost synergies. Represents Adjusted EBITDA as defined, further adjusted for deferred revenues and related direct expenses from the sales of VOIs under construction. Represents certain adjustments defined within HGV’s debt agreements for purposes of determining compliance with its debt covenants. Represents Adjusted EBITDA as defined, further adjusted for certain items defined within HGV’s debt agreements for purposes of determining compliance with its debt covenants.

TTM March 2021 Adjusted Free Cash Flow reconciliation For the last twelve months ended March 31, 2021, this amount includes $15 million of acquisition costs associated with the recently announced acquisition of Diamond Resorts.