Carnival — Dec 20, 2024 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000815097-24-000078
Showing in the filing
GHG emission intensity goal
“more than a 20 percent reduction by the end of 2026 compared to 2019”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 36
100 basis point change in variable rate debt… for FY2025
“$48”
Net yields (in constant currency) for FY2025
“approximately 4.2 percent higher than record 2024 levels”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“up approximately 3.7 percent compared to 2024”
Adjusted net income for FY2025
“approximately $2.3 billion”
Adjusted EBITDA for FY2025
“approximately $6.6 billion, up approximately $500 million compared to 2024”
Adjusted EBITDA per ALBD for FY2025
“to reach its 2026 SEA Change target one year in advance”
Adjusted ROIC for FY2025
“approximately 11.7 percent”
Interest expense for FY2025
“over $200 million lower than 2024 and over $500 million lower compared to 2023”
GHG emission intensity goal for FY2026
“more than a 20 percent reduction by the end of 2026 compared to 2019”
Food waste reduction goal for FY2030
“reduce food waste by 50 percent”
Net yields (Current Dollars) for FY2025
“Approx. 3.5%”
Net yields (Constant Currency) for FY2025
“Approx. 4.6%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 2.4%”
Adjusted cruise costs excluding fuel per ALB… for FY2025
“Approx. 3.4%”
ALBDs (in millions) for FY2025
“23.6”
Capacity growth compared to prior year for FY2025
“(0.0)%”
Fuel consumption in metric tons (in millions) for FY2025
“0.7”
Fuel cost per metric ton consumed (excluding… for FY2025
“$616”
Fuel expense (including EUA expense) (in bil… for FY2025
“$0.45”
Depreciation and amortization (in billions) for FY2025
“$0.66”
Interest expense, net of capitalized interes… for FY2025
“$0.38”
Adjusted EBITDA (in billions) for FY2025
“Approx. $1.04”
Adjusted net income (in millions) for FY2025
“Approx. $2,305”
Adjusted earnings per share - diluted for FY2025
“Approx. $0.00”
Weighted-average shares outstanding - basic for FY2025
“1,309”
Adjusted weighted-average shares outstanding… for FY2025
“1,316”
AUD (USD to 1) for FY2025
“$0.64”
CAD (USD to 1) for FY2025
“$0.70”
EUR (USD to 1) for FY2025
“$1.05”
GBP (USD to 1) for FY2025
“$1.26”
1% change in net yields (impact to adjusted … for FY2025
“$190”
1% change in adjusted cruise costs excluding… for FY2025
“$109”
10% change in fuel cost per metric ton (excl… for FY2025
“$178”
1% change in currency exchange rates (impact… for FY2025
“$25”
Newbuild capital expenditures for FY2025
“$1.1 billion”
Non-newbuild capital expenditures for FY2025
“$2.5 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
In 2024, the company: • Reduced its absolute greenhouse gas (“GHG”) emissions from ship fuel by approximately 11 percent as compared to its peak year of 2011, despite capacity growth of nearly 37 percent over the same period. • Reached 85 percent of its GHG emission intensity goal, on track to achieve more than a 20 percent reduction by the end of 2026 compared to 2019, a goal that was previously pulled forward by four years. 1 See “Non-GAAP Financial Measures” at the end of this release for additional information. • Now leads the industry with ten LNG powered ships and nearly 20 percent of its fleet capacity, following the delivery of Sun Princess . • Continued to have the most ships in the industry capable of plugging into shore power and now more than two-thirds of its ships are equipped with shore power capability. • Delivered 44 percent reduction in food waste per person relative to its 2019 baseline, surpassing its interim goal one year ahead of schedule and approaching its 2030 goal to reduce food waste by 50 percent. Other Recent Highlights • Sun Princess, Princess Cruises’ newest ship, recognized as the Best Mega Cruise Ship in the United States by Condé Nast Traveler’s 2024 Readers’ Choice Awards (learn more here). • Carnival Cruise Line earned top honors in multiple categories of the 2024 Travel Weekly Readers’ Choice Awards, including Best Short Itinerary for the third consecutive year, Best Domestic Cruise Line for the ninth consecutive year and Best Travel Advisor Loyalty Program (learn more here). • Seabourn was honored with a tot
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.