Royal Caribbean Cruises Ltd. · NYSE:RCL
Royal Caribbean Cruises — Q4 2024 Earnings Presentation
17 slides from Royal Caribbean Cruises's earnings presentation, Jan 28, 2025
Slide 1: Q4 2024 Earnings Call
CF Q4 2024 EARNINGS CALL RCL LISTED NYSE
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 Coco Beach Club, CocoCay
Slide 4: Entry into the river cruise market with Celebrity Cruises
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
Slide 5: Full Year 2024 Highlights
FULL YEAR 2024 HIGHLIGHTS NET YIELD ROBUST DEMAND IMPROVED GROWTH PROFITABILITY Strong demand across +11.6% Net Yield Growth* our leading brands 6.8% NCCx Growth* Onboard spend 108% Load Factor increasing enabled by 36.2% Adjusted EBITDA Margin commercial engine STRONG INCOME GROWING STRONG BALANCE
Slide 6: FY 2025 Guidance
FY 2025 Silver Nova, Sydney, Australia GUIDANCE APCDs 53.3M Net Yields Growth vs. 2024 2.5% to 4.5% (in Constant Currency) NCCx Growth vs. 2024 (in Constant Currency) 0.0% to 1.0% PLACE IMAGE HERE (image must fill the width of Fuel Approximately $1,172M this gray box) D&A $1,715M to $1,725M Net Inte
Slide 7: Q1 2025 Guidance
Q1 2025 Celebrity Beyond, Perfect Day at CocoCay GUIDANCE APCDs 12.7M Net Yields Growth vs. 2024 4.75% to 5.25% (in Constant Currency) NCCx Growth vs. 2024 (in Constant Currency) 1.6% to 2.1% PLACE IMAGE HERE (image must fill the width of Fuel Approximately $277M this gray box) D&A $410M to $420M Ne
Slide 8: Our Proven Formula Delivers Long-Term Shareholder Value
OUR PROVEN FORMULA DELIVERS LONG-TERM SHAREHOLDER VALUE Moderate Capacity Moderate Yield Strong Cost Growth Growth Control 8
Slide 9: Appendix: 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 10: 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 11: Definitions
Definitions • Gross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses. • Gross Margin Yield represent Gross Margin per APCD. • Invested Capital represents the most recent five-quarter average of total debt (i.e., Current portion of
Slide 12: Selected Statistical Information
SELECTED STATISTICAL INFORMATION 12
Slide 13: Non-GAAP Reconciliation Information
NON-GAAP RECONCILIATION INFORMATION (Unaudited) Gross Margin Yields, Net Yields and Adjusted Gross Margin per PCD were calculated by dividing Gross Margin and Adjusted Gross Margin by APCD, and Adjusted Gross Margin by PCD as follows (in millions, except APCD, PCD, Yields, and Adjusted Gross Margin
Slide 14: 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. Certain amounts may not add due to use of rounded numbers; reported Gross Cruise Costs, Net Cruise Costs,
Slide 15: 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. Certain amounts may not add due to use of rounded numbers; reported EBITDA, Adjusted EBITDA, and per APCD and Margin amounts are
Slide 16: 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 per share data. Certain amounts may not add due to use of rounded numbers; reported Adjusted Net Income att
Slide 17: Non-GAAP Reconciliation Information
NON-GAAP RECONCILIATION INFORMATION (Unaudited) Adjusted Operating Income and ROIC, were calculated as follows: (in millions, except ROIC. Certain amounts may not add due to use of rounded numbers; Adjusted operating income, Invested Capital, and ROIC amounts are calculated from the underlying dolla
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