HighGravityDataNorwegian Cruise Line Holdings — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-24-005927
Showing in the filing
Non-newbuild capital expenditures
“approximately $575 million”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 64
Net Yield on a Constant Currency basis for FY2024
“approximately 9.4%”
Adjusted EBITDA for FY2024
“approximately $2.425 billion”
Adjusted Operational EBITDA Margin for FY2024
“35.3%”
Adjusted Net Cruise Cost excluding Fuel per … for FY2024
“flat to prior year excluding the impact of Dry-docks”
Adjusted Net Income for FY2024
“approximately $855 million”
Net Leverage for FY2024
“~5.4 times”
Adjusted ROIC for FY2024
“double-digit”
Charting the Course targets for FY2026
“Remain committed to Charting the Course targets; progressing towards achieving 2026 goals.”
Adjusted EBITDA growth vs. initial for FY2024
“$225 million above our initial guidance, growing 30% year-over-year”
Adjusted EPS growth vs. initial for FY2024
“$0.42 above initial guidance, growing approximately 136% year-over-year”
Occupancy for FY2024
“approximately 105.0%”
Net Yield ($ per Capacity Day, As Reported) for Q4 FY2024
“~$261”
Net Yield ($ per Capacity Day, Constant Curr… for Q4 FY2024
“~$260”
Net Yield (% change, As Reported) for FY2024
“~9.5%”
Net Yield ($ per Capacity Day, Constant Curr… for FY2024
“~$293”
Adjusted Net Cruise Cost Excluding Fuel per … for Q4 FY2024
“~$155”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2024
“~$159”
Capacity Days for Q4 FY2024
“~5.85 million”
Capacity Days for FY2024
“~23.46 million”
Occupancy for Q4 FY2024
“~101.0%”
Adjusted EBITDA for Q4 FY2024
“~$445 million”
Adjusted Net Income for Q4 FY2024
“~$40 million”
Adjusted EPS for Q4 FY2024
“~$0.09”
Adjusted EPS for FY2024
“$1.65”
Diluted Weighted-Average Shares Outstanding for Q4 FY2024
“~445 million”
Diluted Weighted-Average Shares Outstanding for FY2024
“~515 million”
Depreciation and Amortization for Q4 FY2024
“~$230 million”
Depreciation and Amortization for FY2024
“~$895 million”
Adjusted Interest Expense, net for Q4 FY2024
“~$175 million”
Adjusted Interest Expense, net for FY2024
“~$720 million”
Adjusted Net Cruise Cost Excluding Fuel per … for Q4 FY2024
“$150”
Adjusted Net Cruise Cost Excluding Fuel per … for Q4 FY2024
“$149”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2024
“$155”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2024
“$154”
Euro
“$1.11”
British pound
“$1.34”
Australian Dollar
“$0.69”
Canadian Dollar
“$0.74”
Fuel consumption in metric tons for Q4 FY2024
“246,000”
Fuel consumption in metric tons for FY2024
“995,000”
Fuel price per metric ton, net of hedges for Q4 FY2024
“$700”
Fuel price per metric ton, net of hedges for FY2024
“$714”
Fuel consumption mix (HFO/MGO) for FY2024
“expected to be split approximately evenly between heavy fuel oil and marine gas oil”
% of HFO Consumption Hedged for FY2024
“40 %”
% of HFO Consumption Hedged for FY2025
“46 %”
% of HFO Consumption Hedged for FY2026
“20 %”
Blended HFO Hedge Price / Metric Ton for FY2024
“$397”
Blended HFO Hedge Price / Metric Ton for FY2025
“$410”
Blended HFO Hedge Price / Metric Ton for FY2026
“$373”
% of MGO Consumption Hedged for FY2024
“62 %”
% of MGO Consumption Hedged for FY2025
“54 %”
% of MGO Consumption Hedged for FY2026
“22 %”
Blended MGO Hedge Price / Metric Ton for FY2024
“$743”
Blended MGO Hedge Price / Metric Ton for FY2025
“$721”
Blended MGO Hedge Price / Metric Ton for FY2026
“$667”
Total % of Consumption Hedged for FY2025
“51 %”
Total % of Consumption Hedged for FY2024
“51 %”
Total % of Consumption Hedged for FY2026
“21 %”
Non-newbuild capital expenditures for FY2024
“approximately $575 million”
Non-newbuild capital expenditures for Q4 FY2024
“approximately $142 million”
Newbuild-related capital expenditures, net o… for FY2024
“approximately $0.3 billion”
Newbuild-related capital expenditures, net o… for FY2025
“$0.8 billion”
Newbuild-related capital expenditures, net o… for FY2026
“$0.9 billion”
Net newbuild-related capital expenditures for Q4 FY2024
“approximately $59 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
2024 2025 2026 % of HFO Consumption Hedged 1 40 % 46 % 20 % Blended HFO Hedge Price / Metric Ton $ 397 $ 410 $ 373 % of MGO Consumption Hedged 62 % 54 % 22 % Blended MGO Hedge Price / Metric Ton $ 743 $ 721 $ 667 Total % of Consumption Hedged 51 % 51 % 21 % Hedged derivatives include accounting hedges as well as economic hedges. Capital Expenditures Non-newbuild capital expenditures for the third quarter of 2024 were $140 million. Anticipated non-newbuild capital expenditures for full year 2024 are expected to be approximately $575 million including approximately $142 million in the fourth quarter. Newbuild-related capital expenditures, net of export credit financing, are expected to be approximately $0.3 billion, $0.8 billion and $0.9 billion for the full years ending December 31, 2024, 2025 and 2026, respectively. Net newbuild-related capital expenditures for the third quarter of 2024 were approximately $108 million and are expected to be approximately $59 million for the fourth quarter of 2024. Company Updates and Other Business Highlights: Fleet and Brand Updates Norwegian Cruise Line recently announced new brand positioning, unveiling the all-new ‘More At Sea' package. An upgrade over the previous ‘Free At Sea’ promotion, this new direction will provide even more benefits and premium inclusions to provide our guests a best in-class product. Learn more here . Oceania Cruises revealed Your World Included™ , a new brand value promise that features an updated selection of always included amenities for guests. The updated inclusions began on October 1, 2024 for all new reservations on sailings departing on or after January 1, 2025. Learn more here . Norwegian Cruise Line opened for sale the all-new Norwegian Luna, t
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.