HighGravityData
Companies / Norwegian Cruise Line Holdings / Filing

Norwegian Cruise Line Holdings — Apr 30, 2025 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001171843-25-002625
Open on SEC.gov ↗
Showing in the filing
Adjusted EPS
“~$0.51”
Period
Q2 FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 52
Net Yield on a Constant Currency basis for FY2025
“between 2.0% and 3.0%”
Adjusted EBITDA for FY2025
“approximately $2.72 billion”
Adjusted EBITDA year-over-year increase for FY2025
“an 11.0% increase versus 2024”
Adjusted Operational EBITDA Margin for FY2025
“approximately 37%”
Adjusted Net Income for FY2025
“approximately $1,045 million”
Adjusted EPS year-over-year increase for FY2025
“increasing approximately 13% year-over-year”
Net Leverage for FY2025
“approximately 5x”
Adjusted Net Cruise Cost Excluding Fuel per … for Q2 FY2025
“~1.4%”
Capacity Days for Q2 FY2025
“~6.06 million”
Capacity Days for FY2025
“~24.545 million”
Occupancy for Q2 FY2025
“~103.2%”
Occupancy for FY2025
“~102.5%”
Adjusted EBITDA for Q2 FY2025
“~$670 million”
Adjusted Net Income for Q2 FY2025
“~$257 million”
Adjusted EPS for Q2 FY2025
“~$0.51”
Adjusted EPS for FY2025
“$2.05”
Diluted Weighted-Average Shares Outstanding for Q2 FY2025
“~508 million”
Diluted Weighted-Average Shares Outstanding for FY2025
“~511 million”
Depreciation and Amortization for Q2 FY2025
“~$245 million”
Depreciation and Amortization for FY2025
“~$985 million”
Adjusted Interest Expense, net for Q2 FY2025
“~$175 million”
Adjusted Interest Expense, net for FY2025
“~$700 million”
Euro
“$1.14”
British pound
“$1.33”
Australian Dollar
“$0.64”
Canadian Dollar
“$0.72”
Fuel consumption in metric tons for Q2 FY2025
“245,000”
Fuel consumption in metric tons for FY2025
“1,010,000”
Fuel price per metric ton, net of hedges for Q2 FY2025
“$680”
Fuel price per metric ton, net of hedges for FY2025
“$687”
Blended HFO and MGO Hedge Price / Metric Ton for FY2025
“$615”
Blended HFO and MGO Hedge Price / Metric Ton for FY2026
“$524”
Blended HFO and MGO Hedge Price / Metric Ton for FY2027
“$518”
Total % of Consumption Hedged for FY2025
“61 %”
Total % of Consumption Hedged for FY2026
“46 %”
Total % of Consumption Hedged for FY2027
“20 %”
Newbuild-and-Growth Capital Expenditures, Gr… for Q1 FY2025
“$1,361”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2025
“~$2.6”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2027
“~$2.5”
Newbuild-and-Growth Capital Expenditures, Gr… for FY2026
“~$2.5”
Export Credit Financing for Newbuild-and-Gro… for Q1 FY2025
“$893”
Export Credit Financing for Newbuild-and-Gro… for Q2 FY2025
“~$0”
Export Credit Financing for Newbuild-and-Gro… for FY2025
“~$1.6”
Export Credit Financing for Newbuild-and-Gro… for FY2026
“~$1.5”
Export Credit Financing for Newbuild-and-Gro… for FY2027
“~$1.9”
Newbuild-and-Growth Capital Expenditures, Ne… for Q1 FY2025
“$468”
Newbuild-and-Growth Capital Expenditures, Ne… for Q2 FY2025
“~$225”
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 (millions) for Q2 FY2025
“~$130”
Other Capital Expenditures (millions) for FY2025
“~$590”
Exhibit 99.1 · the passage around this item
… earlier in the release
            2025 Guidance   Second Quarter 2025 Full Year 2025   As Reported Constant Currency As Reported Constant Currency Net Yield ~2.5% ~2.5% ~1.8%-2.8% ~2.0%-3.0% Adjusted Net Cruise Cost Excluding Fuel per Capacity Day ~1.4% ~1.0% ~0.3%-1.55% ~0%-1.25% Capacity Days ~6.06 million ~24.545 million Occupancy ~103.2% ~102.5% Adjusted EBITDA ~$670 million ~$2.72 billion Adjusted Net Income ~$257 million ~$1,045 million Adjusted EPS 1 ~$0.51 ~$2.05 Diluted Weighted-Average Shares Outstanding 2 ~508 million ~511 million Depreciation and Amortization ~$245 million ~$985 million Adjusted Interest Expense, net 3 ~$175 million ~$700 million Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS ~$18 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 ~$10 million ~$0.02 ~$40 million ~$0.08 Effect of a 1% change in Foreign Exchange rates on Adjusted Net Income / Adjusted EPS ~$1.7 million ~$0.00 ~$5.2 million ~$0.01   ____________________ (1) Based on guidance and using diluted weighted-average shares outstanding of approximately 508 million for the second quarter of 2025 and 511 million for full year 2025. (2) Q2 2025 and full year 2025 guidance assumes the Company’s 2025 and 2027 exchangeable notes are dilutive and therefore are included in diluted weighted-average shares outstanding. (3) Based on the Company’s March 31, 2025 outstanding variable rate debt balance, a one percentage point increase in annual SOFR interest rates would increase the Company’s annual interest expense by approximately $10 million excl
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.