HighGravityDataNorwegian Cruise Line Holdings — Feb 27, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-001101
Showing in the filing
Newbuild-and-Growth Capital Expenditures, Net of Financing
“~$0.7”
Period
FY2027
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
Capital Expenditures The following table presents newbuild-and-growth capital expenditures, which mainly consists of capital expenditures related to the construction of new ships, private island developments and enhancements and other strategic growth initiatives: First Quarter 2025 (millions) Full Year 2025 (billions) Full Year 2026 (billions) Full Year 2027 (billions) Newbuild-and-Growth Capital Expenditures, Gross 1 ~$1,295 ~$2.5 ~$2.4 ~$2.5 Export Credit Financing for Newbuild-and-Growth Capital Expenditures ~$850 ~$1.5 ~$1.5 ~$1.8 Newbuild-and-Growth Capital Expenditures, Net of Financing ~$445 ~$1.0 ~$1.0 ~$0.7 ____________________ 1. Includes all newbuild related capital expenditures including shipyard progress payments. Note: Numbers may not add due to rounding. The following table presents other capital expenditures, which mainly consists of investments related to maintenance, Dry-dock renovations, and technology and digital: First Quarter 2025 (millions) Full Year 2025 (millions) Other Capital Expenditures ~$130 ~$590 Company Updates and Other Business Highlights: Company Updates Appointed Jason Montague, an industry veteran with over 20 years of expertise in luxury hospitality, to Chief Luxury Officer for NCLH. In his new role, Mr. Montague will head both Regent Seven Seas Cruises and Oceania Cruises, replacing both Andrea DeMarco and Frank A. Del Rio, and oversee the execution on their multibillion-dollar fleet expansion. Fleet and Brand Updates Norwegian Cruise Line recently announced the two-time Emmy®-Award-winning actor, Eric Stonestreet, as the Company’s new brand ambassador and star of its newest advertising campaign, “Experience More.” In addition, Eric was also named the godfather of the new groundbreaking vessel, Norwegian Aqua. Learn more here .
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.