Exhibit 99.1

BLUEGREEN VACATIONSINVESTOR PRESENTATIONFOURTH QUARTER 2021MARCH 2022

Forward- looking StatementsCertain statements in this presentation are "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. All statements, other than statements of historical fact, are forward-looking statements.Forward-looking statements are based on current expectations of management and can be identified by the use of words such as “believe”, “may”, “could”, “should”, “plans”, “anticipates”, “intends”, “estimates”, “expects”, and other words and phrases of similar import.Forward-looking statements involve risks, uncertainties, and other factors, many of which are beyond our control, that may cause actual results or performance to differ from those set forth or implied in the forward-looking statements. These risks and uncertainties include, without limitation, the risk that the Company is a holding company and, accordingly, will be largely dependent on dividends from Bluegreen to fund its expenses and obligations in future periods, and Bluegreen’s ability to pay dividends will depend on its results and may be limited by the terms of Bluegreen’s indebtedness; risks regarding the amount of shares, if any, which may be repurchased by the Company in the future, the value of any shares repurchased by the Company, the timing of any share repurchases, and the availability of funds for the repurchase of shares; risks relating to Bluegreen’s business, operations and financial results; risks related to the COVID-19 pandemic and the recovery from the COVID-19 pandemic, including that the pandemic may continue to be prolonged and any recovery from the pandemic may not favorably impact Bluegreen’s results to the extent anticipated or at all; competitive conditions; labor market conditions, including shortages of labor, and its impact on Bluegreen’s operations and sales; risks relating to our and Bluegreen’s liquidity and the availability of capital; the risk that Bluegreen’s allowance for loan losses may not be adequate and, accordingly, may need to be further increased in the future, including if Bluegreen’s default rates increase and exceed expectations, whether due to the impact on consumers of the COVID-19 pandemic, if Bluegreen’s efforts to address the actions of timeshare exit firms and the increase in default rates associated therewith are not successful, or otherwise; risks related to our and Bluegreen’s indebtedness, including the potential for accelerated maturities and debt covenant violations; the impact of the COVID-19 pandemic on Bluegreen’s consumers, including their income, their level ofdiscretionary spending both during and after the pandemic, and their views towards travel and the vacation ownership industries; the risk that our core strategy of primarily offering a ‘drive-to’ network of resorts will not continue to serve as a growth driver; the risk that resort operations and club management segment may not continue to produce recurring EBITDA and free cash flow; risks that Bluegreen’s current or future marketing alliances and arrangements, including its marketing arrangements with Bass Pro and the Choice Hotels program, may not result in the benefits anticipated, including increased VOI sales and sales efficiencies, that sales from marketing alliances and other arrangements or otherwise may not continue to exceed pre-pandemic levels, that any future expansion into additional Bass Pro or Cabela’s stores may not meet Bluegreen’s expectations or goals, and there is no assurance that Bluegreen will continue to have marketing operations at all of the Bass Pro and Cabela’s stores where it currently conducts marketing operations;the risk that vacation package sales, including those in the pipeline, may not convert to tours and/or VOI sales at anticipated or historical rates; the risk that efforts to reactivate older vacation packages which have not been used may not be successful; the risk that resort occupancies may not continue at historical levels or meet expectations; our and Bluegreen’s ability to successfully implement strategic plans and initiatives, generate earnings and long-term growth, including that the Bluegreen Renewal initiative may not result in increased sales, revenues or efficiencies, or otherwise be successful; risks that construction defects, structural failures or natural disasters at or in proximity to Bluegreen’s resorts, including the condominium collapse which occurred in close proximity to Bluegreen’s resort in Surfside, Florida and which has resulted in the temporary closure of such resort, may cause liabilities that are not adequately covered by insurance and closures of operations that may have a significant adverse impact on our results of operations and cash flow; risks related to the mix of sales to new customers and existing owners, including that the level of sales to new customers may not be increased or maintained, or support net owner growth in the future; our expectations with respect to fee-based sales as a percentage of system-wide sales, cost of VOIs sold, selling and marketing expense and general and administrative expenses directly attributable to sales and marketing operations for 2022 may not prove to be accurate, and costs may be greater than expected; and the additional risks and uncertainties described in the Company's filings with the SEC, including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (including the “Risk Factors” section thereof), which is expected to be filed on or about March 3, 2022. The Company cautions that the foregoing factors are not exclusive. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake, and specifically disclaims any obligation, to update or supplement any forward-looking statements. In addition, past performance may not be indicative of future results.Bluegreenvacations2

BLUEGREEN VACATIONSBluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) (the “Company") is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company also offers, through its subsidiaries, a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.3

Fourth Quarter of 2021 Commentary•During 2019 we announced the Bluegreen Renewal Program. The goal of this program was to achieve consistent company-wide performance as part of our effort to revitalize sales, revenue growth and efficiency. We believe it was these efforts which resulted in an all-time record of system-wide sales of Vacation Ownership Interests (“VOIs”) during the fourth quarter of 2021. System-wide sales in the fourth quarter of 2021 grew 7% over sales in the fourth quarter of 2019 and 48% over sales in the fourth quarter of 2020 when Bluegreen’s results were significantly impacted by the COVID 19 pandemic.The record performance of system-wide sales in 2021 was driven by increased guest tours and a higher sales volume per guest.•Bluegreen’s sales to new customers during the fourth quarter of 2021 represented 48% of system-wide sales of VOIs versus 44% in the fourth quarter of 2019, an improvement in sales mix which we believe will support net owner growth in the future.•During the fourth quarter of 2021, Bluegreen sold 53,721 vacation packages compared to 43,631 in the fourth quarter of 2020 and 54,886 in the fourth quarter of 2019. We believe the slight decrease in vacation packages sold as compared to the fourth quarter of 2019 reflects the termination during 2020 of certain unprofitable programs as well as the impact of a challenging labor market.•Bluegreen’s overall occupancy rate during the fourth quarter of 2021 was approximately 81% at resorts with sales centers, an increase from the 70% occupancy experienced in the fourth quarter of 2020 during the pandemic. The demand for resort stays by Bluegreen Vacation Club owners has been strong and we believe our core strategy of primarily offering a ‘drive-to’ network of resorts will continue to serve as a growth driver.•Bluegreen’s Resort Operations and Club Management segment continues to perform well, generating $20.0 million of Segment Adjusted EBITDA in the fourth quarter of 2021 as compared to $16.0 million in the fourth quarter of 2020 and $14.9 million in the fourth quarter of 2019. This 34% increase over the fourth quarter of 2019 was driven by both a 12% increase in segment revenue and a 3% decrease in segment expense. We expect that this segment will continue to produce recurring EBITDA and free cash flow.•During the fourth quarter of 2021, Bluegreen generated net income from continuing operations attributable to shareholders of $13.1 million and $31.0 million of Adjusted EBITDA attributable to shareholders.bluegreenvacations4

Fourth Quarter Highlights1Net income attributable to shareholders of $13.1 million.2 Earnings Per Share (“EPS”) from continuing operations of $0.59.3 Adjusted EBITDA(1) was $31.0 million.4 System-wide sales of VOIs of $166.6 million.5 Resort Operations and Club Management Segment Adjusted EBITDA increased 25% to $20.0 million in the fourth quarter of 2021 from $16.0 million in the fourth quarter of 2020.6 As of December 31, 2021, the Company had marketing operations at 128 Bass Pro and Cabela’s locations, including 4 new Cabela’s locations.7 Sales volume per guest (“VPG”) of $2,987.8 Bluegreen sold 53,721 vacationpackages in the fourth quarter of 2021, compared to 43,631 in the fourth quarter of 2020 .9 Total Revenue of $203.0 million compared to $151.2 million in the fourth quarter of 2020.(1)See Appendix for reconciliation.bluegreenvacations5

Bluegreen Fourth Quarter(1)(3) Performance($ In millions except vacation packages data)System-Wide Sales ofVOIs$180$160$140$120$100$80$60$40$20$155.5$112.2$166.6$04Q 20194Q 20204Q 2021Total Revenue$225$200$175$150$125$100$75$50$25$183.9$151.2$203.0$04Q 20194Q 20204Q 2021Adjusted EBITDA$35$30$25$20$15$10$5$17.9$31.0$04Q 20204Q 2021Vacation Packages Sold60,00050,00040,00030,00020,00010,000554,88643,63153,72104Q 20194Q 20204Q 2021 (1)For the three months ended 12/31/2019, 12/31/2020 and 12/31/2021. (2)See Appendix for reconciliation to net income attributable to shareholders of $9.1 million and $13.1 million for the 4Q 2020 and 4Q 2021. (3)Due to the volatility of results during the periods as a result of the varying impact of the COVID-19 pandemic, the Company has provided information for the fourth quarters of 2019, 2020 and 2021.Bluegreenvacations6

Bluegreen Full Year(1)(3) Performance($ in millions except vacation packages data)System-Wide Sales ofVOIs$700$600$500$400$300$200$100$619.1$367.0$617.6$0201920202021Total Revenue$800$700$600$500$400$300$200$100$737.8$519.5$757.1$0201920202021Adjusted EBITDA$140$120$100$80$60$40$71.3($13.3)$122.0$20$0201920202021Vacation Packages Sold250,000200,000150,000100,00050,000205,108131,963211,3690201920202021 (1)For the years ended 12/31/2019, 12/31/2020 and 12/31/2021. (2)See Appendix for reconciliation to net income attributable to shareholders of ($52.6) million and $57.8 million for the years ended 12/31/2020 and 12/31/2021. (3)Due to the volatility of results during the periods as a result of the varying impact of the COVID-19 pandemic, the Company has provided information for the years ended December 31, 2019, 2020, and 2021.bluegreenvacations7

Sales & Marketing Driven Business12/31/2020Vacation Packages & Leads Bass pro Shop CHOICE12/31/2021 (2)Marketing Mix by %131,000+211,000+of SalesVacation PackagesVacatoinOther New Customer 20%SoldPackages SoldSamplers 4%Existing Owners 54%~120,000Tours~214,000BasPro/Cabelas 18%Guest ToursQuest ToursChoice 4%(New Customer &(New Customer &New Customer SalesExisting Owners) (1)Existing Owners)Exhisting Customer Sales$367.0 MillionSalesIn-House Tours$617.6 MillionSystem-Wide VOI SalesSystem-Wide VOI Sales~218,000Owners~217,000Vacation Club OwnersVacation Club Owners (1)For the year ended 12/31/2020. (2)For the year ended 12/31/2021.bluegreenvacations8

Liquidity Position($ in millions)Liquidity PositionFree Cash Flow(1) (3)Availability(2)Under Credit LinesUnrestricted Cash$70$300$240$60$280$220$50$260$200$40$240$180$30$220$292.4$266.1$160$2012/31/202012/31/2021$140$10$120$0$17.3$63.4$100$221.1$140.2YTD 2020YTD 202112/31/202012/31/2021Liquidity Profile✓Asof December 31, 2021, the Company hadtotal availability(2)of $266.1 million under its $415.0 million of credit and receivablepurchase facilities.✓Non-receivable-backed debt to equityratio of 0.93:1 at 12/31/21vs1.34:1 at12/31/20.✓For the years ended 12/31/20 & 12/31/21, respectively.✓Subject to eligible collateral and the terms and conditions of each facility.✓See the Appendix for a reconciliation of cash flow from operating activities to free cash flow, which is defined as cash from operating activities less capital expenditures.bluegreenvacations9

Strategic RelationshipsBluegreen has multiple channels intended to generate sales within our coredemographicBass Pro Shops Cabela’s  •One-way, exclusive in-store BassPro marketing relationship  •Operation of 128 kiosks in Bass Pro and Cabela’s stores as of December 31, 2021CHIOCE HOTELS•Marketing to Choice customers, including over 50 million Choice Privileges members through a call transfer program and outbound telemarketing methodsbluegreenvacations10

Extensive Network for Reaching Target CustomersSales of Bluegreen Vacation Packages at 128 LocationsBluegreen Club Rosorts (42)·Bluegreen Club Resorts - Big Cedar JV (3)  ·Bluegreen Club Associate Resorts (23)  ·Bass Pro Shops-Locations (69)Cabela‘s- Locations (59)Note: Through 12/31/21Unless otherwise indicatedPercent of OwnerPopulation by State6-10%4-5%2-3%<2%bluegreenvacations11

A Leading Operator of “Drive-To” Vacation Ownership ResortsApproximately 88% of owners live within a4-hour drive to a Bluegreen resortGeographically diverse owner baseOpportunities for growth in thewestern USBluegreen Club Resorts (42)Bluegreen Club Resorts – Big Cedar JV (3)Bluegreen Club Associate Resorts (23)KauiaNilhaOahuMolokaiLanaiMauiHawaiPopulation by OwnerPopulation by State6-10%4-5%2-3%<2% (1)Resort and Owner data as of 12/31/21. (2)Club Resorts include resorts in which owners have the right to use a significant amount of the units in connection with their ownership. (3)Club Associate Resorts include resorts in which owners have the right to use a limited number of units in connection with their ownership.bluegreenvacations12

Securitizations and Other Credit Facilities($ in millions)Recent Securitization History2020-A2018-A2017-A2016-A2015-A2013-AInitial Note Amount$131.00$117.70$120.20$130.50$117.80$110.60Advance Rate88.00%87.20%88.00%90.00%94.25%93.75%Weighted Avg. Interest Rate2.60%4.02%3.12%3.35%3.02%3.20%Stated Maturity203620342032203120302028Weighted Avg. FICO Score726718713707708710Securitization HistoryTerm SecuritizationInitial Note AmountOutstanding (1)2020-A$131$922018-A118542017-A120372016-A131252015-A118142013-A11162012-A10002010-A1080BXG Legacy 20102702008-A6002007-A17702006-B13902006-A (GE)12502005-A20402004-B15702004-A (GE)3902002-A1700~$266 Million of Available Credit Facility Liquidity (1)Corporate Credit Line$10$115$125Key Bank /DZ Purchase Facility (3)$43$37$80Liberty Bank Facility (3)$23$17$40Quorum Purchase Facility (3)$19$31$50NBA Facility (3)$29$41$70Pacific Western Bank Facility (3)$24$26$50OutstandingAvailable (2) (1)As of 12/31/2021. (2)Subject to eligible collateral, if applicable, and terms and conditions of each facility. (3)Facilities for the financing of the Company’s VOI notes receivable.bluegrenvactionas13

VOI Sales Finance Business  •Seller-financing provided for up to 90% of purchaseprice (down payment may include equity)  •Facilitates VOI sales and earns net interest spread  •Weighted average interest rate: 15.3% (1)  •In-house servicing teamNet Interest SpreadFor the year ended 12/31/2021($ in millions)81-15066Interest Income on VOI Notes Receivable Portfolio-Interest Expense on Receivable Blacked Debbt+Net Mortagage Servicing=Financing RevenueF I C OProfiles as of 12/31/2021(2)Average FICO score of 724(3)<601(2) 3%701+58%601-700 39%Average Annual Default Rate9.79%8.44%As of 12/31/2020As of 12/31/2021 (1)As of 12/31/2021.Rate depends on FICO score, down payment, existing ownership and ACH participation. (2)Includes obligors with no FICO score (primarily foreign buyers). (3)Weighted-average FICO score for 2021 originations as of 12/31/21 after a 30-day, “same as cash” period from the point of sale.bluegreenvacations14

Differentiated Owner BaseAvg. Customer Household Income (1)Owner Age at Purchase (2)($ in thousands)$130$150$90$83$68MARIOTT VACATIONS WORLDWIDEHilton Grand VacationsTRAVEL + LEISUREbluegreenvacationsUS MedianBaby Boomer 30%Sielnt Gen 5%Unknown 8%Millennial 26%Gen X 31%GenerationUS AdultPopulationMillennial22%Gen X20%Baby Boomer21%Silent Gen7% (1)Above: VAC, HGV and TNL data from 2021, 2019 and 2018 investor presentations, respectively, issued by each. Bluegreen internal data from 2021. US Median income from US Census Bureau (2020). (2)Represents owner age at time of purchase for sales to new owners 1/1/19-12/31/21. US Adult Population from US CensusBureau (2020).bluegreenvacations15

Sector ComparisonShare pricedataMarket($ in millions, except per share figures)PriceYTD change% of 52-wk highDiv. yieldMarket capEnterprise valueEV / 2022E EBITDA (pre-SBC)EV / 2023E EBITDA (pre-SBC)Net debt / 2022E EBITDA (pre-SBC)VAC (4)Marriott Vacations Worldwide$163.20(3.4%)85.5%1.3%$7,212$9,82810.8x9.6x2.9xTNL (1)(4)Travel + Leisure Co.57.203.5%83.8%2.4%5,0568,0919.4x8.3x3.5xHGV (2)(4)Hilton Grand Vacations, Inc.51.89(0.4%)92.1%–6,3108,9619.7x8.6x2.9xBVH (3)(4)Bluegreen Vacations Holding Corp.28.83(17.9%)79.9%–6027615.7x5.3x1.2xMean$75.28(4.6%)85.3%0.9%$4,795$6,9108.9x7.9x2.6xMedian$54.55(1.9%)84.6%0.7%$5,683$8,5269.5x8.4x2.9xSource: VAC and TNL financials as of Q4 2021; HGV and BVH financials as of Q3 2021; FactSet and SNL as of 2/25/2022.Note: HGV reported suspension of quarterly dividend. (1)Formerly Wyndham Destinations, Inc. (NYSE: WYND), Travel + Leisure Co. is now listed at NYSE under the ticker symbol “TNL”, following the acquisition of the Travel + Leisure brand in January 2021. (2)HGV merger with Diamond was completed on August 2, 2021. HGV financials include 59 days of Diamond results. HGV consensus reflects post-Diamond merger EBITDA. (3)On May 5, 2021, Bluegreen Vacations Holding Corporation (“BVH”) and Bluegreen Vacations Corporation (“BXG”) completed a short-form merger. (4)Third party data has been derived from the appropriate company’s public filings. We do not conform or take any responsibility for the accuracy of such information.Pre-SBC refers to pre-Stock Based Compensation expense.bluegreenvacations16

For additional information, please contact:Leo Hinkley,Investor Relations Officer, Managing DirectorTelephone: 954-940-5336Email: Leo.Hinkley@BVHCorp.comThank you!APPENDIXFor more information, see the Earnings Release dated March 3, 2022, and the Annual Report on Form 10-K filed with the Securities and Exchange Commission. Further, the Company refers to certain non-GAAP financial measures, including system-wide sales of VOIs, Adjusted EBITDA attributable to shareholders, and free cash flow, which are defined in the Company’s Earnings Release and Annual Report on Form 10-K for the year ended December 31, 2021.Please see the supplemental tables attached herein for additional information and reconciliation of such non-GAAP financialmeasures.

Consolidated Statements Of Operations and Comprehensive Income (Loss)(In thousands, except per share data)For the Three Months Ended December 31,2021 20220For the Years Ended December 312021 2020Revenue:Gross sales of VOIs Provision for loan losses Sales of VOIsFee-based sales commission revenueOther fee-based services revenueCost reimbursementsInterest incomeOther income, netTotal revenues119,91S$(21,275)73,408 S (12,858)426,556$(72,7SS)230.938(56,941)9S,64360,550353,76S173,99731,40025,34612S,32189,96532,19528,265123,454111,823IS,20711 on ^17,6511 Q A 1 Q69,066Q 1 ¿Q 164,305*7Q 30 165311 OS13/7,JO 1151,230757,113519,471203,003Costs and Expenses:Cost of VOIs sold Cost of other fee-based services Cost reimbursements Interest expenseSelling, general and administrative expensesOther expense, netTotal costs and expensesIncome (loss) before income taxes(Provision) benefit for income taxesincome (loss) from continuing operationsDiscontinued operationsLoss from discontinued operationsBenefit for income taxesNet income (loss) from discontinued operations Net income (loss)Less: Income attributable to noncontrolling interests continuing operationsLess: Loss attributable to noncontrolling interests discontinued operations9,82914,31018,2084,86318,32717,65129,50458,81269,06613,59779,43464,305S,0579,12789.6980.365?35,329on«:36,795370,9351,179±Z / ,ZOo40j,8U0177,96225,042138,30110,199658,5179S,596566,245(46,774)(9,807)2,809(26,664)2,36815,23513,00871,932(44,406)——(41,593)i(233)9008,8341(233)900(32,759)12 77572.832f77 165'lj—3,87214,102\3/8,186_(4,822)3,004Net iiicom e (loss) attributable to shareholdersSBasic earnings (loss) per share from continuing operations S Basic earnings (loss) per share from discontinued operationsBasic earnings (loss) per shareSDiluted earnings (loss) per share from continuing operationsSDiluted earnings (loss) per share from discontinued operationsDiluted earuiugs (loss) per share(1)SCash dividends declared per Class A and B common shares $13,131 S8,903 S 58,730 S(80,529)0.59S0.47S2.79S(2.82)0.04(0.01)0.04(1.50)0.63S0.46S2.83S(4.32)0.59S0.47S2.79S(2.82)0.04(0.01)0.04(1.50)0.63S0.46S2.83S(432)—S—S—S— (1)Basic and Diluted EPS are calculated the same for both Class A and B common shares.bluegreenvacations18

Consolidated Statements Of Cash Flows(In thousands)For the Years Ended December 312021 2020 2019Operating activities:Net income floss')S 72.832$(77.165')$32.103Adjustment to reconcile net income (loss) to net cash provided by operating activities:Recoveries from loan losses, net, from discontinued operations—(5,844)(5,428)Provision for loan losses72,788IQ QQ156,941'f a 77155,67777 77flDepreciauon, amortization ana accretion, netShare-based compensation expense1,036Z^f, II125,417Z /, /ZU11,445Net losses (gains) on sales of real estate and property and equipment2251.428(9,396)Equity earnings of unconsolidated real estate Jointventures(49)(37,898)Return on investment in unconsolidated real estate joint ventures—3,93339,043Loss on the deconsolidation of IT'SUGAR, LLCIncrease (decrease) in deferred income tax liabilityImpairment losses10,3743,326(9,243)31,5882,0726,938Interest accretion on redeemable 5% cumulative preferred stock—1.028Changes in operating assets and liabilities:Notes receivable(109,761)(17,722)(65,672)VO I inventory12,517(185)(12,788)Trade inventory'—279(2,733)Real estate inventoryPrepaids expense and other assetsAccounts payable, accrued liabilities and other, and deferred92514,051(7,445)io ?! ¡¡1^,7 1_>income11?074(23,372)24,261Net cash provided by operating activitiesS 76,966$29,079$78,242Investing activities:Return of investment in unconsolidated real estate Jointventures—4.63131,442Investments in unconsolidated real estate joint ventures(14.009)(25,179)Proceeds from repayment of loans receivable—6,1276,171Proceeds from sales of real estateProceeds from sales of property and equipment2;l5l19023,51216,642Additions to real estate(70)(600)Purchases of property and equipment(13,598)(11,779)(35.588)Other investing activities(1,210)(81)Net cash (used in) provided by investing activitiesS (13,598)$(13.969)$16,319bluegreenvacations19

Consolidated Statements Of Cash Flows – (Continued)(In thousands)Supplemental cash flow information:Interest paid on borrowings, net of amounts capitalized Income taxes refunded Income taxes paidReconciliation of cash, cash equivalents and restricted Cash and cash equivalents Restricted cash Discontinued operations cash Total cash, cash equivalents, and restricted cashS 31,754$33;0S3—8,01819,068913140,225221,11842,85435,986$40,30611,381335,84649,89621,128S 183.079$ 257.104$ 406.870bluegreenvacations20

Consolidated Statements Of Balance Sheets(In thousands, except share data)December 31, 2021December 31, 2020ASSETSCash and cash equivalentsRestricted cash ($15,956 and $20,469 in VIEs at December 31, 2021 and December 31, 2020, respectively)Notes receivable Less: Allowance for loan lossNotes receivable, net ($248,873 and $292,021 in VIEs at December 31, 2021 and December 31, 2020, respectively) Vacation ownership interest ("VOI") inventory Property and equipment, net Intangible assets, net Operating lease assets Other assetsDiscontinued operations total assets Total assetss140,225$42,854221,11835,986609,429551,393(163,107)(142,044)446,322409,349334,605347,12287,85290,04961,34861,43133,46734,41525,8559,36737,98441,282s1,210,512$1,250,119LIABILITIES AND EQUITY LiabilitiesAccounts payable Deferred income (Accrued liabilities and other Receivable-backed notes payable - recourse Receivable-backed notes payable — non-recourse (in VIEs)Note payable to BBX Capital, Inc.Other notes payable and borrowings Junior subordinated debentures Operating lease liabilities Deferred income taxes Total liabilitiesCommitments and contingencies (See Note 12)EquityPreferred Stock of $0.01 par value; authorized 10,000,000 shares Class A Common Stock of $0.01 par value; authorized 30,000,000 shares;issued and outstanding 17,118,392 in 2021 and 15,624,091 in 2020 Class B Common Stock of $0.01 par value; authorized 4,000,000 shares; issued and outstanding 3,664,412 in 2021 and 3,693,596 in 2020 Additional paid-in capital Accumulated earningsTotal Bluegreen Vacations Holding Corporation equity Non-con tro 11 in g interest Total equityTotal liabilities and equity$14,614$10,55913,69015,745100,13193,97122,50038,500340,154355,83350,00075,00097,125138,386134,940138,17737,87035,90495,68885,314906,712987,389——1711563737173,909177,10469,31610,586243,433187,88360,36774,847303,800262,730$1,210,512$1.250.119bluegreenvacations21

Free Cash Flow Reconciliation(in thousands)For the Twelve Months Ended December 31, 2021 2020sNet cash provided by operating activities Purchases of property and equipment Free Cash FlowS76,966$29.079(13,598)(11.779)63,368$17.300bluegreenvacations22

Bluegreen Vacations Holding CorporationAdjusted EBITDA Attributable to Shareholders Reconciliation(in thousands) For the Three Months Ended December 31, 2021 2020For the Year Ended December 31, 2021 2020Net income attributable to its shareholdersS13,131 $9.136$57,830$(52.592)Net income attributable to the non-controlling interest continuing operations3,0043.87214,1028.186Net Income (loss)16,13513.00871,932(44.406)Add: Depreciation and amortization3,9753.88315,65315.563Less: Interest income (other than interest earned onVOI notes receivable)(102)(140)(368)(4.367)Add: Interest expense - corporate and other4.4894.92219.84222.369Add- Provision ihpnp.fi for income taxes8.007(7. 80Q76.664(7.368EBITDA-J- — -33,404V“ ? w ~ - /18.864—, — -133,723(13.209)Add: Share - based compensation expense4271,036Loss on assets held for sale1829211581.247Add: Severance and other2.9232,4039.659Adjusted EBITDA34,01322.708137,320(2.303)Adjusted EBITDA attributable to the non-controllinginterest(3,035)(4.821)(15,286)(11.043)Adjusted EBITDA attributable to shareholdersS30,978$17.887$122,034 $(13.346)bluegreenvacations23