HighGravityDataRoyal Caribbean Cruises — Jan 28, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-25-000003
Showing in the filing
Initial order for ships (Celebrity River Cruises)
“10 transformative ships”
Period
FY2027
Measure
Company-defined measure
Source
Prose
All guidance in this release · 58
Net Yields for FY2025
“expected to increase 2.5% to 4.5% in Constant Currency and 1.8% to 3.8% as-reported”
Net Yields vs. 2024 (Constant Currency) for FY2025
“2.5% to 4.5%”
Net Yields vs. 2024 (As-Reported) for FY2025
“1.8% to 3.8%”
NCC, excluding Fuel, per APCD for FY2025
“expected to be flat to up 1.0% in Constant Currency and (0.3%) to 0.7% as-reported”
Adjusted earnings growth for FY2025
“23%”
Net Yields for Q1 FY2025
“expected to increase 4.75% to 5.25% in Constant-Currency (3.9% to 4.4% as-reported) compared to 2024”
Net Yields vs. 2024 (Constant Currency) for Q1 FY2025
“4.75% to 5.25%”
Net Yields vs. 2024 (As-Reported) for Q1 FY2025
“3.9% to 4.4%”
NCC, excluding Fuel, per APCD for Q1 FY2025
“expected to increase 1.6% to 2.1% in Constant-Currency (1.3% to 1.8% as-reported) compared to 2024”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q1 FY2025
“1.6% to 2.1%”
Initial order for ships (Celebrity River Cru… for FY2027
“10 transformative ships”
Fuel expense included in for Q1 FY2025
“$277 million”
Forecasted fuel consumption for Q1 FY2025
“424,000 metric tons”
Percent hedged via swaps (fuel) for Q1 FY2025
“62%”
Forecasted consumption hedged via swaps for FY2025
“60%”
Forecasted consumption hedged via swaps for FY2026
“44%”
Forecasted consumption hedged via swaps for FY2027
“20%”
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
“$422”
Fuel Consumption (metric tons) for Q1 FY2025
“424,000”
Fuel Consumption (metric tons) for FY2025
“1,724,000”
Fuel Expenses for Q1 FY2025
“$277 million”
Fuel Expenses for FY2025
“$1,172 million”
Percent Hedged (fwd. consumption) for Q1 FY2025
“62.0%”
Percent Hedged (fwd. consumption) for FY2025
“60.0%”
Net Cruise Costs per APCD vs. 2024 (As-Repor… for Q1 FY2025
“(0.9%) to (0.4%)”
Net Cruise Costs per APCD vs. 2024 (Constant… for Q1 FY2025
“(0.6%) to (0.1%)”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q1 FY2025
“1.3% to 1.8%”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“(0.3%) to 0.7%”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“0.0% to 1.0%”
APCDs for Q1 FY2025
“12.7 million”
APCDs for FY2025
“53.3 million”
Capacity change vs. 2024 for Q1 FY2025
“3.1%”
Capacity change vs. 2024 for FY2025
“5.4%”
Depreciation and amortization for Q1 FY2025
“$410 to $420 million”
Depreciation and amortization for FY2025
“$1,715 to $1,725 million”
Net Interest, excluding loss on extinguishme… for Q1 FY2025
“$230 to $240 million”
Net Interest, excluding loss on extinguishme… for FY2025
“$935 to $945 million”
Adjusted EPS for Q1 FY2025
“$2.43 to $2.53”
Adjusted EPS for FY2025
“$14.35 to $14.65”
1% Change in Net Yields for Q1 FY2025
“$31 million”
1% Change in Net Yields for FY2025
“$140 million”
1% Change in NCC excluding Fuel for Q1 FY2025
“$16 million”
1% Change in NCC excluding Fuel for FY2025
“$68 million”
1% Change in Currency for Q1 FY2025
“$5 million”
1% Change in Currency for FY2025
“$21 million”
10% Change in Fuel prices for Q1 FY2025
“$14 million”
10% Change in Fuel prices for FY2025
“$59 million”
100 basis pt. Change in SOFR for Q1 FY2025
“$1 million”
100 basis pt. Change in SOFR for FY2025
“$15 million”
Capital expenditures for FY2025
“approximately $5 billion”
Non-new ship related capital expenditures for FY2025
“$1.6 billion”
Capacity changes for FY2025
“5.4%”
Capacity change for FY2026
“7%”
Capacity changes for FY2026
“7%, 5%, and 6%, respectively”
Capacity change for FY2027
“5%”
Capacity change for FY2028
“6%”
Exhibit 99.1 · the passage around this item
… earlier in the release
Celebrity River Cruises This morning, the company issued a press release announcing the expansion of its vacation offerings with the launch of Celebrity River Cruises, a premium river cruise vacation that will begin taking bookings this year. The Company has committed to an initial order for 10 transformative ships and plans to sail in 2027. “We’re thrilled to announce our entry into the river cruise market through our Celebrity Cruises premium travel brand. Our guests and travel partners should expect us to do what we do best – innovate and elevate the river cruise experience as we meet the growing demand for intimate, culturally enriching travel experiences,” said Jason Liberty, president and CEO, Royal Caribbean Group. “With about half of our guests having experienced or intending to vacation on a river cruise, we know they will enjoy Celebrity’s elevated offering on the river. By leveraging our valuable loyalty programs across our three brands, we will deepen customer engagement and further our ability to keep guests within our ecosystem of vacation offerings. We are the best in the world at delivering the vacation of a lifetime, and this is the latest example of how we are building the capabilities to deliver a lifetime of vacations.” Fuel Expense Bunker pricing, net of hedging, for the fourth quarter was $650 per metric ton and consumption was 437,000 metric tons. The company does not forecast fuel prices and its fuel cost calculations are based on current at-the-pump prices, net of he
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.