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
Capacity change
“5%”
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
Non-new ship related capital expenditures are expected to be $1.6 billion, a significant portion of which includes the company's previously announced private destinations under development including the closing of the Costa Maya port acquisition. Capacity changes for 2025 are expected to be 5.4% compared to 2024. Capacity changes for 2026, 2027, and 2028 are expected to be 7%, 5%, and 6%, respectively. These figures do not include potential ship sales or additions that the company may elect in the future. Page 1 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 basis. For the p eriods presented, these items included (i) Other (income) expense, which includes the release of the loss contingency in connection with the Havana Docks litigation recorded in other expenses in 2022; (ii) impa irment and credit losses ; (iii) equity investment impairment, recovery of losses and other; (iv) restru cturing charges and other initiative expense; and (v) gain on sale of controlling interest . Adjusted EBITDA Margin is a non-GAAP measure that represents Adjusted EBITDA (as defined above) divided by total revenues. Adjusted Earnings (Loss) per Sha
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.