South Seas Owners Call - March 21, 2024 by Timbers Resorts

OwnersMeeting

March21st,2024

Resort Operations Update

ShawnFarrell

ResortOperationsUpdate–Cabanas&GolfCarts

CabanaandGolfCartrentalavailableforresortguestsandin-programowners.

(AvailableontheBeachyappandSouthSeaswebsite)

Marchcartrentalsaredoublewhatweanticipatedwith54walkupinthelast7 days.Futurepaceisgreat,sobookinadvance.

ResortOperationsUpdate–ResortParking

GolfCarts

•NogolfcartsotherthanSouthSeasrentalcartswillbeallowedtoparkin resortdesignatedcartparking.

VehicleParking

•NovehiclesotherthanSouthSeasresort&marinaguests,in-programowners ormemberswillbeallowedtoparkinanyresortownedparking.

NextSteps

•3rdPartyCartRentalCompanieswillbeinformedofchanges

•Signagetobeinstalledinformingthepublicofwhatlandisresortowned

•RFIDgatecontrolstobeinstalledandaccessonlyavailabletoin-programand resortgolfcarts

•Securitywillenforcewithoffendersultimatelygettingbooted

ResortOperationsUpdate–TheClutchOpening

StartingApril1,wewilltaketeetimesforthebeginningofMayforresortguest/members andin-programowners!!Ifweatherpermits,theClutchmayopensooner.

ResortOperationsUpdate–TarponBar

TarponBaratBaysidePoolComplexopeningfirstweekofMay

ResortOperationsUpdate–Provisions

ProvisionsstorelocatedinTheShopsofSouthSeasopeningfirstweekofMay.

Sales& Marketing Update GinoMarasco & HeidiNowak

Sales&MarketingUpdate–KeyUpdates

•SocialMedia

•DigitalMarketing

•EmailMarketing

•Upcomingsignatureevents:

-1stAnnualSouthSeasTarponTournament-May17th

-SouthSeasTriathlon-September7-8th

Sales&Marketing–SocialMedia

Reach:3.5K

Reactions:54

Comments:6

Shares:2

Reach:7.7K

Plays:11K

Likes:671

Comments:9

Sales&Marketing–DigitalMarketing

DataRange:March1-16

Sales&Marketing–EmailMarketing

SpringIntoSummerCampaign

•Generated$173K

•170RoomNights

•AverageLengthofStay–5.16Nights

•$143Kis“new”guestacquisition

•229,000Sent/133,000Opened

•43%OpenRate

Sales&Marketing–Website

CurrentandFuture-ForwardShift:

•Re-engineerourcurrentwebsitetoenhanceitsvisualappealandoptimizetheuserexperience.

•Usereaseremainsatoppriority-focusonwebsitenavigationstreamliningandoverallusabilityenhancements,ensuringvisitors effortlesslyfindwhattheyneed.

Sales&Marketing–SignatureEvents

TarponTournament

•May17,2024

•LocalandnationalPReffortshavegarnered$651Kin mediavaluetodate.

•Goalistoraise$150KforFoldsofHonor

•Selecteventsponsorshipsstillavailable

•Toregister:southseas.com/tarpon

Triathlon

•SprintTriathlon

•SprintDuathon,SprintAquabike,SprintTriathlonRelay

•September7–8,2024

•RegistrationOpeningSoon

Owner Relations Update

MarinaBloetz

OwnerRelationsUpdate

RentalManagement–Weare continuingtoincreaseourrental inventorysteadilyeachmonthwith thefocusonassistingourowners withvendormanagement.

GuestOccupancy–Weareexcitedto furtherassistyouwithanyupgradesin yourunitbetweenguestoccupancy. Kindlyscheduleanyvendorvisitswith yourPropertyManagers.

Membership-OutofprogramMembership for2024isnowavailable.Thememberships willbeavailableoutofprogramowners,that donotrentwithanother3rdpartyandare withintheSouthSeasGate.

OwnerCards-WearethrilledtoreintroduceOwnerCardsforourIn-ProgramOwners.PleasestopbytheOwnerRelationstopickupyour cardsduringyournextvisit.

SouthSeas

GregSpencer

Build-Back& FutureAmenities

Build-Back&FutureAmenitiesUpdate

CompletedProjects

•HurricaneCleanUp

•DebrisRemoval

•RedfishPassRevetmentRebuild

•Lands’EndRoadRepair

•Lands’EndGuardrailInstallation

•North&SouthMarinaRestoration

•BayviewFishingPierReconstruction

•SlideRepair&Commissioning

•ShopsatSouthSeasBathrooms

•BayviewPoolRenovation

•TheClutchGolfCourse(Waitingon fullGreensGrowIn)

•GolfCartinfrastructureatPlantation House

OngoingProjects

•ResortLandscaping

•ProvisionsRenovation

•RedfishGrill

•HarborsideRestaurant

•Scoops&Slices

•ClutchClubhouse

•ResortLandscapingBuilding

•AccessRepairtoBayviewFishingPier

•SeawallRepairfromHurricaneIdalia

•JoggingPathRepairaroundLandsEnd

PlannedProjects

•TheBeachHouse(New)

(inforpermitting)

•CaptivaLanding(New)

(inforpermitting)

•SouthSeasSpa&Fitness(New)

•OwnerRelationsBuilding(New)

(inforpermitting)

•ResortServicesBuilding(New)

(inforpermitting)

•ShopsatSouthSeas(Renovation)

(inforpermitting)

•GolfCartInfrastructureatBayview Pool

(Beginningin+/-3weeks)

OngoingProject–TheClutch

OngoingProject–TheClutch

OngoingProject–TheClutch

OngoingProject–HydroseedGrow-In

OngoingProject–Provisions(withinShopsatSouthSeas)

ExpectedCompletioninApril2024

ExpectedOpeninginMay2024

Designsandrenderingsaresubjecttochangeatthediscretionofthedeveloper.Theinformationpresentedisforillustrativepurposesonlyanddoesnotconstituteacommitmenttodeliverthefinalproductas depicted.Actualdesignsandspecificationsmayvary.Allrightsreservedbythedeveloper.