Onespaworld Holdings Limited · NASDAQ:OSW
Onespaworld — Investor Presentation (January 2026)
21 slides from Onespaworld's investor presentation, January 2026
Slide 1: Investor Presentation
The Global Health and Wellness Company INVESTOR PRESENTATION January 2026
Slide 2: Disclosure & Forward-Looking Statements
DISCLOSURE & FORWARD-LOOKING STATEMENTS Forward-Looking Statements This Investor Presentation includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the “safe harbor” provis
Slide 3: Examples of World Class Facilities at Sea, on Land
EXAMPLES OF WORLD CLASS FACILITIES AT SEA, ON LAND
Slide 4: Key Investment Highlights
• 90+% outsourced spa market share on cruise ships PREEMINENT LEADER • Nearly 20x larger than nearest maritime competitor • ~23M annual captive audience KEY FAVORABLE INDUSTRY DYNAMICS • • • 20+ consecutive years of global passenger growth 1 Strong population and demographic trends Emphasis on healt
Slide 5: OneSpaWorld Overview: Record Breaking Performance in Q4 2025
ONESPAWORLD OVERVIEW Record Breaking Performance in Q4 2025 • “We drove increases in key operating metrics during the quarter which produced double -digit growth in quarterly Total revenues and Adjusted EBITDA and our fourth consecutive year of record financial results.” • “Our balanced capital allo
Slide 6: Guidance
GUIDANCE Q1 2026 ONESPAWORLD, $241M-$246M $30M-$32M THE PREEMINENT Revenue Adjusted EBITDA1 GLOBAL HEALTH & WELLNESS SERVICES FY 2026 COMPANY $1.01B-$1.03B $128M-$138M Revenue Adjusted EBITDA1 1. Ple ase see our most recent Form 10 -K for the year ended D ecember 31 , 2025 for further de tails on ho
Slide 7: Long-Term Agreements with the Largest and Most Reputable Cruise Lines
LONG-TERM AGREEMENTS WITH THE LARGEST AND MOST REPUTABLE CRUISE LINES We Ope rate on All Global Route s and Ship Classes 1 Long-Term C-Level Relationships Across our Entire Fleet 3 CRUISE LINE TOTAL OSW RELATIONSHIP BANNER SHIPS SHIPS 32 Years 29 29 Other Asia Australia Budget 32 Years 29 29 Premium
Slide 8: New Builds 2025
NEW Q1 2025 Q3 2025 Q4 2025 BUILDS 2025 The second half of 2025 proved strong for new builds, with four ships launched in Q3 and an additional two in Q4. NORWEGIAN STAR OF BRILLANT AQUA THE SEAS LADY Q2 2025 OCEANIA STAR CELEBRITY STAR ALLURA PRINCESS XCEL SEEKER
Slide 9: Revenue Sharing Contracts Offer Compelling Value for OneSpaWorld & Cruise Lines
REVENUE SHARING CONTRACTS OFFER COMPELLING VALUE FOR ONESPAWORLD & CRUISE LINES Revenue sharing aligns incentives and affirms cruise lines as our economic partners, not fixed-rent landlords Onboard Health & We llness Products and Se rvices ONESPAWORLD CRUISE LINES RESPONSIBILITY RESPONSIBILITY Recru
Slide 10: OneSpaWorld Has the Only Platform with Processes and Infrastructure
End-to-End Capabilities BACK-END PLATFORM FRONT-END PLATFORM ENTERPRISE AI VALUE ONESPAWORLD HAS & KNOW-HOW & KNOW-HOW CREATION FRAMEWORK THE ONLY PLATFORM Revenue enhancement WITH PROCESSES AND Global recruiting, training Yield and revenue through machine learning management INFRASTRUCTURE and huma
Slide 11: Comprehensive Services and Curated Brands
UNMATCHED SERVICE AND PRODUCT BREADTH ONBOARD Broad Offering of Cruise Passengers an Leading Brands Attractive Demographic * * $114,000 SPA & BEAUTY SERVICES MEDI-SPA AVERAGE INCOME FITNESS * 49 84% YEARS OLD MARRIED HEALTH NUTRITION 69% 2.3 MIND-BODY * COMPREHENSIVE T COLLEGE CRUI SES EVERY EDUCATE
Slide 12: Global Cruise Operations Are Highly Complex
Global Passenger Routes GLOBAL CRUISE OPERATIONS ARE HIGHLY COMPLEX In 2025, OneSpaWorld… VISITED EMBARKED ON REQU IRED 1,300 9,568 6,600 GLOBAL PORT S OF CAL L VOYAGES STAFF TO FIL L OPEN POSIT IONS MADE PLACED SENT STAFF ON MORE THAN 1,470 6,162 11,571 MANAGEMENT VISITS T O SHI PS PURCHASE ORDERS
Slide 13: More Than 20 Consecutive Years of Global Passenger Growth
MORE THAN 20 CONSECUTIVE YEARS OF GLOBAL PASSENGER GROWTH The global cruise industry has proven resilient through recessions with passenger counts growing consistently for more than 20 years, until March 2020, with the Covid-19 pandemic having an unprecedented impact on the industry Passengers (Mill
Slide 14: Uniquely Visible and Predictable Growth
UNIQUELY VISIBLE AND PREDICTABLE GROWTH Growth and Capital Allocation Strategy Built on the Following Key Drivers: 1 3 5 Capture Highly Visible New Ship Growth Focus on Enhancing Health and Wellness Enhance our Capital Structure and with Current Cruise Line Partners Center Productivity Strengthen ou
Slide 15: Global Trends to Drive Sector Growth
GLOBAL TRENDS TO DRIVE SECTOR GROWTH Multiple long-term mega trends underpin a compelling growth outlook, driving the continued expansion of onboard health and wellness centers. MULTIPLE MEGA TRENDS DRIVE POSITIVE OUTLOOK ROBUST CAPACITY GROWTH IN CRUISING ACROSS GEOGRAPHIES Global Cruise Capacity G
Slide 16: Exclusive & Highly Attractive Global Channel for High Margin Spa Services
EXCLUSIVE & HIGHLY ATTRACTIVE GLOBAL CHANNEL FOR HIGH MARGIN SPA SERVICES As of December 31tst OSW has rolled out Medi-Spa to 153 vessels. Introduction of High-Value Services Drives Revenue Growth Across Existing Footprint SERVICE & PRODUCT OneSpaWorld Medi-Spa Rollout: Vessel Count by Year INNOVATI
Slide 17: Cruise Lines Are Increasingly Aligned with Us to Drive Onboard Revenue
CRUISE LINES ARE Onboard Spend 1 INCREASINGLY $14.6 ALIGNED WITH US TO DRIVE ONBOARD $5.8 REVENUE Cruise lines focus more and more on onboard spend and increasingly collaborate with OneSpaWorld to grow revenue 2013 2025 Historical Collaboration New Areas of Collaboration $9 Billion Incremental Spend
Slide 18: Strong, Visible and Consistent Revenue & Adjusted EBITDA Growth
STRONG, VISIBLE AND CONSISTENT REVENUE & ADJUSTED EBITDA GROWTH Historical Revenue Historical PF Adj. EBITDA 1 ($M, FYE Dec.) ($M, FYE Dec.) +10% $140 $123 $1,200 +7% $120 $112 $961 $89 $1,000 $895 $100 $794 $800 $80 $53 $56 $59 $562 $60 $45 $49 $50 $600 $507 $541 $546 $453 $476 $40 $400 Pandemic $2
Slide 19: Sustainability and Social Responsibility
SUSTAINABILITY AND SOCIAL RESPONSIBILITY Planet, People, Integrity We strive to impart a positive impact on the environment and the lives of our employees, our guests, and the people and cultures of the communities we visit, where we operate, and where we call home. To achieve this, our strategic pr
Slide 20: OneSpaWorld, the Preeminent Global Health and Wellness Services Company
ONESPAWORLD, THE PREEMINENT GLOBAL HEALTH AND WELLNESS SERVICES COMPANY U N D I SP U T E D LE A D E R I N A H IG H L Y AT T R AC T I V E I N D U S T R Y G LO B A L M E G A T R E N D S D R IV IN G R O B U ST S E C T OR GR O W T H C O M P L E X B US I N E SS M O D E L N O T E AS IL Y R E P L I C AT E
Slide 21: Thank You
THANK YOU
OneSpaWorld Holdings — Investor Presentation (January 2026) on 6ix