HighGravityDataRoyal Caribbean Cruises — Oct 29, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-24-000145
Showing in the filing
Capacity change
“5%”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 56
Adjusted EPS for FY2024
“$11.57 - $11.62”
Adjusted EPS for Q4 FY2024
“$1.40 - $1.45”
Earnings per share expectation for FY2025
“start with a $14 handle”
Net Yields for FY2024
“expected to increase 10.8% to 11.3% in Constant Currency (10.9% to 11.4% as-reported)”
Net Yields vs. 2023 (Constant Currency) for FY2024
“10.8% to 11.3%”
NCC, excluding Fuel, per APCD for FY2024
“expected to increase approximately 6.2% to 6.7% in Constant Currency and as-reported”
Adjusted EPS growth year-over-year for FY2024
“71%”
Net Yields for Q4 FY2024
“expected to increase 5.1% to 5.6% in Constant Currency and 5.3% to 5.8% as-reported”
Net Yields vs. 2023 (Constant Currency) for Q4 FY2024
“5.1% to 5.6%”
Net Yields vs. 2023 (As-Reported) for Q4 FY2024
“5.3% to 5.8%”
NCC, excluding Fuel, per APCD for Q4 FY2024
“expected to increase 11.6% to 12.1% in Constant Currency and 11.7% to 12.2% as-reported”
NCC, excluding Fuel, per APCD (Constant Curr… for Q4 FY2024
“11.6% to 12.1%”
Net Cruise Costs per APCD ex. Fuel vs. 2023 … for Q4 FY2024
“11.6% to 12.1%”
Fuel expense included in for Q4 FY2024
“$285 million”
Forecasted fuel consumption for Q4 FY2024
“433,000 metric tons”
Forecasted consumption hedged via swaps for FY2024
“61%”
Percent Hedged (fwd. consumption) for Q4 FY2024
“61%”
Percent hedged via swaps for Q4 FY2024
“61%”
Forecasted consumption hedged via swaps for FY2025
“60%”
Forecasted consumption hedged via swaps for FY2026
“44%”
Forecasted consumption hedged via swaps for FY2027
“10%”
Annual average cost per metric ton of hedge … for FY2024
“$518”
Annual average cost per metric ton of hedge … for FY2025
“$487”
Annual average cost per metric ton of hedge … for FY2026
“$469”
Annual average cost per metric ton of hedge … for FY2027
“$426”
Fuel Consumption (metric tons) for Q4 FY2024
“433,000”
Fuel Consumption (metric tons) for FY2024
“1,704,000”
Fuel Expenses for Q4 FY2024
“$285 million”
Fuel Expenses for FY2024
“$1,161 million”
Net Cruise Costs per APCD vs. 2023 (As-Repor… for Q4 FY2024
“7.8% to 8.3%”
Net Cruise Costs per APCD vs. 2023 (Constant… for Q4 FY2024
“7.7% to 8.2%”
NCC, excluding Fuel, per APCD (as-reported) for Q4 FY2024
“11.7% to 12.2%”
Net Cruise Costs per APCD ex. Fuel vs. 2023 … for Q4 FY2024
“11.7% to 12.2%”
Net Yields vs. 2023 (As-Reported) for FY2024
“10.9% to 11.4%”
Net Cruise Costs per APCD vs. 2023 (Constant… for FY2024
“4.0% to 4.5%”
Net Cruise Costs per APCD ex. Fuel vs. 2023 … for FY2024
“6.2% to 6.7%”
APCDs for Q4 FY2024
“12.8 million”
APCDs for FY2024
“50.6 million”
Capacity change vs. 2023 for Q4 FY2024
“6.6%”
Capacity change vs. 2023 for FY2024
“7.8%”
Capacity change for FY2024
“8%”
Depreciation and amortization for Q4 FY2024
“$410 to $420 million”
Depreciation and amortization for FY2024
“$1,590 to $1,600 million”
1% Change in Net Yields for Q4 FY2024
“$29 million”
1% Change in Net Yields for FY2024
“$120 million”
1% Change in NCC excluding Fuel for Q4 FY2024
“$16 million”
1% Change in NCC excluding Fuel for FY2024
“$60 million”
1% Change in Currency for Q4 FY2024
“$4 million”
10% Change in Fuel prices for Q4 FY2024
“$14 million”
100 basis pt. Change in SOFR for Q4 FY2024
“$1 million”
Capital expenditures for FY2024
“approximately $3.4 billion”
Non-new ship related capital expenditures for FY2024
“$0.7 billion”
Capacity changes for FY2024
“8%, 5%, 7%, and 5%, respectively”
Capacity change for FY2027
“5%”
Capacity change for FY2025
“5%”
Capacity change for FY2026
“7%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Capital Expenditures and Capacity Guidance Capital expenditures for the full year 2024 are expected to be approximately $3.4 billion, based on current foreign exchange rates, and are predominantly related to the new ship order book. Non-new ship related capital expenditures are expected to be $0.7 billion. 7 Capacity changes for 2024, 2025, 2026, and 2027 are expected to be 8%, 5%, 7%, and 5%, respectively. These figures do not include potential ship sales or additions that the company may elect in the future. 8 Conference call scheduled The company has scheduled a conference call at 10 a.m. Eastern Time today. This call can be heard, either live or on a delayed basis, on the company's investor relations website at www.rclinvestor.com . Definitions Selected Operational and Financial Metrics Adjusted EBITDA is a non-GAAP measure that represents EBITDA (as defined below) excluding certain items that we believe adjusting for is meaningful whe n assessing our profitability on a comparative bas is. For the periods presented, these items included (i) other expense (income); (ii) gain on sale of controlling interest; (iii) equity investment impairment and recovery losses; (iv) restructuring charges and other initiative expenses, and (v) impairment and credit losses (recoveries). Adjusted EBITDA Margin is a non-GAAP measure that represents Adjusted EBITDA (as defined above) divided by total revenues. Adjusted Earnings per Share ("Adjusted EPS") is a non-GAAP measure that represents Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. (as defined below)
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.