Wyndham Hotels & Resorts Investor Presentation — October 2020

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Investor Presentation

October 28, 2020Introduction to Wyndham Hotels & Resorts

franchisor by hotels

worldwideAsset -light

generation capabilities

Loyalty Members$613M(a)

Data is approximated as of September 30, 2020.

(a) Net income was $157 million for the year ended December 31, 2019. Reconciliations of non -GAAP financial measures to the most di rectly comparable GAAP financial measures can be found in the Appendix.

(b) Excludes special item cash outlays of approximately $310 million related to one -time separation -related, transaction -related and contract termination expenses. Net cash provided by operating

activities was $100 million for the year ended December 31, 2019. Reconciliations of non -GAAP financial measures to the most directly comparable GAAP financial measures can be

found in the Appendix. Leading economy and

service spacePrimarily leisure -focused

“drive to ” portfolio of

Free Cash Flow185,000

Rooms in the PipelineResilient Business Model Driving Performance

3Third Quarter –Recovery Continues

Supporting Franchisee Health

Strong Financial Profile

and priorities to drive

Business Model –Continuing to Outperform 44Wyndham Hotels & Resorts Third Quarter Highlights

Adjusted EBITDA (a)$101M

RevPAR outperformed the

total industry (c)+16pts

liquidity by ~$570M$1.2B+

Signed 152 new contracts (+31% vs. Q2)~2Adjusted free

(a) Net income was $27 million for the quarter ended September 30, 2020. Reconciliations of non -GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix.

(b) Excludes special item cash outlays of approximately $10 million primarily related to our restructuring actions. Net cash provided by operating activities was $97 million for the quarter ended

September 30, 2020. Reconciliations of non -GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix.

(c) Domestic RevPAR compared to STR results.

(d) Represents collection of March through May fees that were deferred until September 1stas part of our COVID franchisee relief measures. per

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