Royal Caribbean Cruises Ltd. · NYSE:RCL
Royal Caribbean Cruises — Q3 2024 Earnings Presentation
15 slides from Royal Caribbean Cruises's earnings presentation, Oct 29, 2024
Slide 1: Q3 2024 Earnings Call
Q3 2024 EARNINGS CALL
Slide 2: Forward Looking Statements and Non-GAAP Financial Information
FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION Certain statements in this presentation relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These s
Slide 3: Our Mission: Deliver the Best Vacation Experiences Responsibly
OUR MISSION DELIVER THE BEST VACATION EXPERIENCES RESPONSIBLY 3 Martini Bar, Celebrity Ascent
Slide 4: Q3 2024 Highlights
Q3 2024 HIGHLIGHTS NET YIELD GROWTH ROBUST DEMAND IMPROVED PROFITABILITY Elevated demand patterns +7.9% Net Yield Growth continuing 4.0% NCCx Growth (100bps favorable driven by timing) Onboard spend continues 111% Load Factor to significantly exceed 2023 44.0% Adjusted EBITDA Margin levels STRONG IN
Slide 5: Expecting 71% Year Over Year Adj. EPS Growth
Celebrity Beyond, Perfect Day at CocoCay EXPECTING 71% YEAR OVER YEAR ADJ. EPS GROWTH July 2024 Guidance $11.35 - $11.45 Q3 2024 business outperformance $0.15 (excl. $0.10 of timing of costs) PLACE IMAGE HERE (image must fill the width of Q4 2024 improved outlook $0.19 this gray box) Hurricane Milto
Slide 6: Q4 2024 Guidance
Hideaway Beach, Perfect Day at CocoCay Q4 2024 GUIDANCE APCDs 12.8M Net Yields vs. 2023 5.1% to 5.6% (in Constant Currency) NCCx vs. 2023 (in Constant Currency) 11.6% to 12.1% PLACE IMAGE HERE (image must fill the width of Fuel $285M this gray box) D&A $410M to $420M Net Interest Expense $250M to $2
Slide 7: Our Proven Formula Delivers Long-Term Shareholder Value
OUR PROVEN FORMULA DELIVERS LONG-TERM SHAREHOLDER VALUE Moderate Capacity Moderate Yield Strong Cost Control Growth Growth 7
Slide 8: Definitions and Non-GAAP Information and Reconciliation
APPENDIX Definitions and Non-GAAP Information and Reconciliation The presentation of adjusted financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. These measures may
Slide 9: Definitions
Definitions • Adjusted Earnings (Loss) per Share ("Adjusted EPS") is a non-GAAP measure that represents Adjusted Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. (as defined below) divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as appl
Slide 10: Definitions
Definitions • Net Cruise Costs (“NCC”) and NCC excluding Fuel are non-GAAP measures that represent Gross Cruise Costs excluding commissions, transportation and other expenses and onboard and other expenses and, in the case of Net Cruise Costs excluding Fuel, fuel expenses. In measuring our ability t
Slide 11: Selected Statistical Information
SELECTED STATISTICAL INFORMATION Quarter Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Passengers Carried 2,310,220 1,999,764 6,404,844 5,706,843 Passenger Cruise Days 14,785,828 13,172,002 41,165,985 36,944,034 APCD 13,316,981 12,011,593 37,836,007 34,953,919 Occupancy 111
Slide 12: Non-GAAP Reconciliation Information
NON-GAAP RECONCILIATION INFORMATION (Unaudited) ROYAL CARIBBEAN CRUISES LTD. NON-GAAP RECONCILING INFORMATION Gross Margin Yields, Net Yields and Adjusted Gross Margin per PCD were calculated by dividing Gross Margin and(unaudited) Adjusted Gross Margin by APCD, and Adjusted Gross Margin by PCD as f
Slide 13: Non-GAAP Reconciliation Information
NON-GAAP RECONCILIATION INFORMATION (Unaudited) Gross Cruise Costs, Net Cruise Costs and Net Cruise Costs excluding Fuel were calculated as follows (in millions, except APCD and costs per APCD. Reported Gross Cruise Costs, Net Cruise Costs, Net Cruise Costs excluding Fuel, and per APCD amounts may v
Slide 14: Non-GAAP Reconciliation Information
NON-GAAP RECONCILIATION INFORMATION (Unaudited) EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin were calculated as follows (in millions, except APCD and per APCD data. Reported EBITDA, Adjusted EBITDA, and per APCD and Margin amounts may vary from amounts calculated based on accompanying financia
Slide 15: Non-GAAP Reconciliation Information
NON-GAAP RECONCILIATION INFORMATION (Unaudited) Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. and Adjusted Earnings per Share were calculated as follows (in millions, except shares and per share data. Reported Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. amount
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