HighGravityDataRoyal Caribbean Cruises — Apr 29, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000884887-25-000093
Showing in the filing
Adjusted EPS compound annual growth rate (Perfecta Program, vs. 2024)
“20%”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 60
Adjusted EPS for FY2025
“$14.55 to $15.55”
Net Yields (Full Year 2025 Outlook) for FY2025
“2.5% to 4.5% as-reported (2.6% to 4.6% in Constant Currency)”
Net Yields vs. 2024 (As-Reported) for FY2025
“2.5% to 4.5%”
Net Yields vs. 2024 (Constant Currency) for FY2025
“2.6% to 4.6%”
NCC, excluding Fuel, per APCD (Full Year 202… for FY2025
“0.1% to 1.1% as-reported and (0.1%) to 0.9% in Constant Currency”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“(0.1%) to 0.9%”
Capacity change for FY2028
“6%”
Capacity change for FY2026
“6%”
Capacity change for Q2 FY2025
“6%”
Net Yields (Second Quarter 2025) for Q2 FY2025
“4.4% to 4.9% as-reported and 4.3% to 4.8% in Constant Currency”
Net Yields vs. 2024 (As-Reported) for Q2 FY2025
“4.4% to 4.9%”
Net Yields vs. 2024 (Constant Currency) for Q2 FY2025
“4.3% to 4.8%”
NCC, excluding Fuel, per APCD (Second Quarte… for Q2 FY2025
“4.1% to 4.6% as-reported and 3.7% to 4.2% in Constant Currency”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q2 FY2025
“3.7% to 4.2%”
Fuel consumption (second quarter) for Q2 FY2025
“428,000 metric tons”
Forecasted consumption hedged via swaps for FY2025
“59%”
Percent Hedged (fwd. consumption) for Q2 FY2025
“59%”
Percent hedged via swaps (second quarter) for Q2 FY2025
“59%”
Forecasted consumption hedged via swaps for FY2026
“55%”
Forecasted consumption hedged via swaps for FY2027
“45%”
Forecasted consumption hedged via swaps for FY2028
“15%”
Annual average cost per metric ton of hedge … for FY2025
“approximately $487”
Annual average cost per metric ton of hedge … for FY2026
“$476”
Annual average cost per metric ton of hedge … for FY2027
“$393”
Annual average cost per metric ton of hedge … for FY2028
“$426”
Fuel Consumption (metric tons) for FY2025
“1,726,000”
Fuel expense (second quarter) for Q2 FY2025
“$286 million”
Fuel Expenses for FY2025
“$1,140 million”
Net Cruise Costs per APCD vs. 2024 (As-Repor… for Q2 FY2025
“2.8% to 3.3%”
Net Cruise Costs per APCD vs. 2024 (Constant… for Q2 FY2025
“2.4% to 2.9%”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for Q2 FY2025
“4.1% to 4.6%”
Net Cruise Costs per APCD vs. 2024 (As-Repor… for FY2025
“(1.0%) to 0.0%”
Net Cruise Costs per APCD vs. 2024 (Constant… for FY2025
“(1.2%) to (0.2%)”
Net Cruise Costs per APCD ex. Fuel vs. 2024 … for FY2025
“0.1% to 1.1%”
APCDs for Q2 FY2025
“12.9 million”
APCDs for FY2025
“53.3 million”
Capacity change vs. 2024 for Q2 FY2025
“5.8%”
Capacity change vs. 2024 for FY2025
“5.5%”
Depreciation and amortization for Q2 FY2025
“$415 to $425 million”
Depreciation and amortization for FY2025
“$1,710 to $1,720 million”
Net Interest, excluding loss on extinguishme… for Q2 FY2025
“$220 to $230 million”
Net Interest, excluding loss on extinguishme… for FY2025
“$940 to $950 million”
Adjusted EPS (Second Quarter 2025) for Q2 FY2025
“$4.00 to $4.10”
1% Change in Net Yields for Q2 FY2025
“$35 million”
1% Change in Net Yields for FY2025
“$141 million”
1% Change in NCC excluding Fuel for Q2 FY2025
“$16 million”
1% Change in NCC excluding Fuel for FY2025
“$68 million”
1% Change in Currency for Q2 FY2025
“$5 million”
1% Change in Currency for FY2025
“$16 million”
10% Change in Fuel prices for Q2 FY2025
“$14 million”
10% Change in Fuel prices for FY2025
“$42 million”
100 basis pt. Change in SOFR for Q2 FY2025
“$1 million”
100 basis pt. Change in SOFR for FY2025
“$11 million”
Capital expenditures for FY2025
“approximately $5 billion”
Non-new ship related capital expenditures for FY2025
“$1.6 billion”
Capacity changes for FY2025
“5.5%”
Capacity change for FY2027
“5%”
Capacity changes for FY2026
“6%, 5%, and 6%, respectively”
Adjusted EPS compound annual growth rate (Pe… for the long term
“20%”
ROIC (Perfecta Program) for FY2027
“17% or higher”
Exhibit 99.1 · the passage around this item
… earlier in the release
Passenger Cruise Days ("PCD") represent the number of passengers carried for the period multiplied by the number of days of their respective cruises. Perfecta Program refers to the multi-year Adjusted EPS and ROIC goals we are seeking to achieve by end of 2027. Under our Perfecta Program, we are targeting 20% compound annual growth rate in Adjusted EPS compared to 2024 and ROIC of 17% or higher by the end of 2027. Return on Invested Capital ("ROIC") represents Adjusted Operating Income divided by Invested Capital. We believe ROIC is a meaningful measure because it quantifies how efficiently we generated operating income relative to the capital we have invested in the business. For additional information see “Adjusted Measures of Financial Performance” below. About Royal Caribbean Group Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 67 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns a 50% joint venture interest in TUI Cruises, which operates the German Brands Mein Schiff and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually del
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other guidance in this release
Text is the filed exhibit, verbatim.