Royal Caribbean Cruises Ltd. · NYSE:RCL
Royal Caribbean Cruises — Q3 2023 Earnings Presentation
8 slides from Royal Caribbean Cruises's earnings presentation, Oct 26, 2023
Slide 1: Earnings Call
Hideaway Beach — Perfect Day at CocoCay, Bahamas 2 23 EARNINGS CALL 1
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: Q3 Highlights
Q3 HIGHLIGHTS ACCELERATING NET YIELDS ROBUST SPEND ROBUST DEMAND ON OUR EXPERIENCES +16.7% Net Yield Growth in constant currency vs. ‘19 +17.6% Revenue per passenger Booking volumes significantly exceeded 2019 levels cruise day in constant currency vs. 2019 New-to-brand and new-to-cruise 110% Load F
Slide 4: Increasing Full Year 2023 Guidance
INCREASING FULL YEAR 2023 GUIDANCE ACCELERATING NET YIELDS STRONG COST CONTROLS IMPROVED PROFITABILITY 12.9% to 13.4% 7.0% to 7.5% Expect record Adj. EBITDA per APCD Net Yield in constant (includes ~30 bps impact from Israel sailings) currency vs. ‘19 NCCx per APCD and ROIC in constant currency vs.
Slide 5: We are executing against our Trifecta plan
We are executing against our Trifecta plan WHILE ALSO Returning to an investment grade credit profile Reducing carbon intensity by double digits vs. 2019 By 2025 5 Note: EBITDA and EPS goals will be calculated on an as adjusted basis.
Slide 6: 2023 Full Year Guidance
2023 Full Year Guidance APCDs 47M Net Yields vs. 2019 (in Constant Currency) 12.9% to 13.4% NCCx vs. 2019 (in Constant Currency) 7.0% to 7.5% Fuel Approx. $1,150M Surfside Neighborhood — Icon of the SeasSM D&A $1,450M - $1,460M INCREASING FULL YEAR Net Interest Expense* $1,245M - $1,255M 2023 GUIDAN
Slide 7: Q4 2023 Guidance
Q4 2023 GUIDANCE APCDs 12M Net Yields vs. 2019 (in Constant Currency) 16.2% to 16.7% NCCx vs. 2019 (in Constant Currency) 3.9% to 4.4% Fuel Approx. $300M D&A $365M - $375M Net Interest Expense* $305M - $315M Adjusted Earnings Per Share $1.05 to $1.10 *Note: Net interest expense excludes losses on ex
Slide 8: Our Mission: Deliver the Best Vacation Experiences Responsibly
OUR MISSION DELIVER THE BEST VACATION EXPERIENCES RESPONSIBLY 8
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