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Companies / Norwegian Cruise Line Holdings / Filing

Norwegian Cruise Line Holdings — Feb 27, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-001101
Open on SEC.gov ↗
Showing in the filing
Net Yield (As Reported)
“~$301”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 59
Newbuild program vessels
“eight state-of-the-art vessels”
Newbuild program additional berths
“approximately 25,000”
Net Yield on a Constant Currency basis for FY2025
“approximately 3.0%”
Adjusted EBITDA for FY2025
“approximately $2.72 billion”
Adjusted Operational EBITDA Margin for FY2025
“approximately 37%”
Adjusted Net Income for FY2025
“approximately $1,065 million”
Adjusted Net Cruise Cost Excluding Fuel per … for Q1 FY2025
“~2.1%”
Net Leverage for Q1 FY2025
“~5.7x”
Net Leverage (year-end) for FY2025
“approximately 5x or better”
Net Yield (As Reported) for Q1 FY2025
“~$278”
Net Yield (Constant Currency) for Q1 FY2025
“~$279”
Net Yield (As Reported) for FY2025
“~$301”
Net Yield (Constant Currency) for FY2025
“~$303”
Adjusted Net Cruise Cost Excluding Fuel per … for Q1 FY2025
“~3.8%”
Adjusted Net Cruise Cost Excluding Fuel per … for Q1 FY2025
“~$171”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2025
“~$161”
Adjusted Net Cruise Cost Excluding Fuel per … for FY2025
“~$162”
Capacity Days for Q1 FY2025
“~5.71 million”
Capacity Days for FY2025
“~24.55 million”
Occupancy for Q1 FY2025
“~101.5%”
Occupancy for FY2025
“~103.4%”
Adjusted EBITDA for Q1 FY2025
“~$435 million”
Adjusted Net Income for Q1 FY2025
“~$37 million”
Adjusted EPS for Q1 FY2025
“~$0.08”
Adjusted EPS for FY2025
“$2.05”
Diluted Weighted-Average Shares Outstanding for Q1 FY2025
“~441 million”
Diluted Weighted-Average Shares Outstanding for FY2025
“~520 million”
Depreciation and Amortization for Q1 FY2025
“~$230 million”
Depreciation and Amortization for FY2025
“~$985 million”
Adjusted Interest Expense, net for Q1 FY2025
“~$170 million”
Adjusted Interest Expense, net for FY2025
“~$700 million”
Euro
“$1.04”
British pound
“$1.24”
Australian Dollar
“$0.62”
Canadian Dollar
“$0.69”
Fuel consumption in metric tons for Q1 FY2025
“255,000”
Fuel consumption in metric tons for FY2025
“990,000”
Fuel price per metric ton, net of hedges for Q1 FY2025
“$690”
Fuel price per metric ton, net of hedges for FY2025
“$722”
Blended HFO and MGO Hedge Price / Metric Ton for FY2025
“$597”
Blended HFO and MGO Hedge Price / Metric Ton for FY2026
“$526”
Total % of Consumption Hedged for FY2025
“56 %”
Total % of Consumption Hedged for FY2026
“21 %”
Newbuild-and-Growth Capital Expenditures, Gr… for Q1 FY2025
“~$1,295”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2027
“~$2.5”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2025
“~$2.5”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2026
“~$2.4”
Export Credit Financing for Newbuild-and-Gro… for Q1 FY2025
“~$850”
Export Credit Financing for Newbuild-and-Gro… for FY2026
“~$1.5”
Export Credit Financing for Newbuild-and-Gro… for FY2025
“~$1.5”
Export Credit Financing for Newbuild-and-Gro… for FY2027
“~$1.8”
Newbuild-and-Growth Capital Expenditures, Ne… for Q1 FY2025
“~$445”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2026
“~$1.0”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2025
“~$1.0”
Newbuild-and-Growth Capital Expenditures, Ne… for FY2027
“~$0.7”
Other Capital Expenditures for Q1 FY2025
“~$130”
Other Capital Expenditures for FY2025
“~$590”
Expected additional ships for FY2036
“13”
Expected additional berths from fleet expans… for FY2036
“approximately 41,000”
Exhibit 99.1 · the passage around this item
… earlier in the release
GAAP quantitative reconciliation without unreasonable effort.             2025 Guidance   First Quarter 2025 Full Year 2025   As Reported Constant Currency As Reported Constant Currency           Net Yield ~0.1% ~$278 ~0.5% ~$279 ~2.4% ~$301 ~3.0% ~$303           Adjusted Net Cruise Cost Excluding Fuel per Capacity Day 1 ~3.8% ~$171 ~3.9% ~$171 ~0.9% ~$161 ~1.25% ~$162       Capacity Days ~5.71 million ~24.55 million       Occupancy ~101.5% ~103.4%       Adjusted EBITDA ~$435 million ~$2.72 billion       Adjusted Net Income ~$37 million ~$1,065 million       Adjusted EPS 2 ~$0.08 ~$2.05       Diluted Weighted-Average Shares Outstanding 3 ~441 million ~520 million       Depreciation and Amortization ~$230 million ~$985 million       Adjusted Interest Expense, net 4 ~$170 million ~$700 million       Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS ~$16 million ~$0.04 ~$74 million ~$0.14       Effect of a $1 change in Adjusted Net Cruise Cost Excluding Fuel per Capacity Day on Adjusted EBITDA / Adjusted EPS ~$6 million ~$0.01 ~$25 million ~$0.05       Effect of a 1% change in Foreign Exchange rates on Adjusted Net Income / Adjusted EPS ~$1.5 million ~$0.00 ~$6.4 million ~$0.01   ____________________ (1) Q1 2025 includes an approximate 180 basis point, or approximately $8 impact of increased Dry-dock days and related costs. Excluding this impact, the Adjusted Net Cruise Cost Excluding Fuel per Capacity
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.