Onespaworld Holdings Limited · NASDAQ:OSW
Onespaworld — Investor Presentation (February 2025)
22 slides from Onespaworld's investor presentation, February 2025
Slide 1: Investor Presentation February 2025
– The Global Health and Wellness Company – INVESTOR PRESENTATION | February 2025
Slide 2: 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” provisions of the Private Securities Litigatio
Slide 3: Disclosure, Continued
Use of Projections This Investor Presentation contains financial forecasts, including with respect to estimated Revenues, Net Income, Adjusted Net Income, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Unlevered After-Tax Free Cash Flow, Levered After-Tax Free Cash Flow and Unlevered After-Tax Fre
Slide 4: Examples of World Class Facilities at Sea, On Land
EXAMPLES OF WORLD CLASS FACILITIES AT SEA, ON LAND
Slide 5: Key Investment Highlights
• 90+% outsourced spa market share on cruise ships PREEMINENT LEADER • Nearly 20x larger than nearest maritime competitor • ~23M annual captive audience • 20+ consecutive years of global passenger growth1 FAVORABLE INDUSTRY KEY INVESTMENT • Strong population and demographic trends DYNAMICS • Emphasi
Slide 6: OneSpaWorld Overview: Exceptional Performance in Q4 2024
ONESPAWORLD OVERVIEW Exceptional Performance in Q4 2024 • “We delivered a strong finish to an excellent year with fiscal 2024 marking another record for Total revenues, Income from operations and Adjusted EBITDA. Our second consecutive year of record performance continues to evidence the combi ned p
Slide 7: Guidance Q1 2025 and FY 2025
GUIDANCE ONESPAWORLD, THE PREEMINENT GLOBAL HEALTH & Q1 2025 WELLNESS SERVICES COMPANY $215m-$220m $25m-$27m Revenue Adjusted EBITDA1 FY 2025 $950m-$970m $115m-$125m Revenue Adjusted EBITDA1 1. Please see our most recent Form 10-K for the year ended December 31, 2024 for further details on how we de
Slide 8: Long-Term Agreements with the Largest and Most Reputable Cruise Lines
We Operate on All Global Long-Term C-Level Relations hips Across Routes and Ship Classes 1 our Entire Fleet 3 Other Asia Australia Cruise Line Relationship Total Ships OSW Ships Banner 31 Years 28 28 LONG-TERM Europe AGREEMENTS WITH 31 Years 27 27 THE LARGEST 25 Years 19 19 AND MOST REPUTABLE North
Slide 9: Fleet Expansion Through Existing Partnerships Drives Growth
New Builds 2024 Q1 Q2 FLEET EXPANSION THROUGH OUR EXISTING PARTNERSHIPS DRIVE YEAR-OVER-YEAR Icon of the Seas Sun Princess Queen Anne Silver Ray GROWTH Q3 Q4 Utopia of the Seas Mitsui Ocean Fuji Aroya Manara Disney Treasure PRIVILEGED, PROPRIETARY AND CONFIDENTIAL 9
Slide 10: Revenue Sharing Contracts Offer Compelling Value
Onboard Health & Wellness Products and Services ONESPAWORLD CRUI SE LINES REVENUE SHARING CONTRACTS OFFER RESPONSIBILITY RESPONSIBILITY COMPELLING VALUE Recruit, train and manage worldwide FOR ONESPAWORLD & Fund multi-million-dollar buildout onboard staff CRUISE LINES Offer comprehensive and innovat
Slide 11: OneSpaWorld Has the Only Platform Necessary to Manage Global Cruise Market
End-to-End Logistics Capabilities BACK-END PLATFORM & FRONT-END PLATFORM & KNOW-HOW KNOW-HOW ONESPAWORLD HAS THE ONLY PLATFORM Global recruiting, training and Yield and revenue human logistics management WITH PROCESSES AND Exceptional pre- through INFRASTRUCTURE Product supply chain facility post-cr
Slide 12: Unmatched Service and Product Breadth Onboard
UNMATCHED SERVICE AND PRODUCT Broad Offering of Cruise Passengers an BREADTH ONBOARD Leading Brands Attractive Demographic * * COMPREHENSIVE SPA & BEAUTY SERVICES SERVICES $114,000 AND CURATED BRANDS MEDI-SPA AVERAGE INCOME SOLD TO AN * FITNESS ATTRACTIVE CAPTIVE AUDIENCE 49 84% HEALTH YEARS OLD MAR
Slide 13: Global Cruise Operations Are Highly Complex
Global Passenger Routes GLOBAL CRUISE OPERATIONS ARE HIGHLY COMPLEX In 2024, OneSpaWorld… VISITED EMBARKED ON REQUIRED 1,303 8,131 6,244 GLOBAL PORTS OF CALL VOYAGES STAFF TO FILL OPEN POSITIONS MADE PLACED SENT STAFF ON MORE THAN 1,086 4,251 9,400 MANAGEMENT VISITS TO SHIPS IN PURCHASE ORDERS TO VE
Slide 14: More Than 20 Consecutive Years of Global Passenger Growth
GLOBAL CRUISE SHIP PASSENGERS (M) Recession Recession 29.7 28.5 MORE THAN 20 26.7 CONSECUTIVE YEARS 25.2 OF GLOBAL PASSENGER 23.1 22.3 GROWTH 20.9 21.3 20.5 19.1 17.8 17.2 The global cruise 16.6 15.9 industry has proven 14.8 13.9 resilient through 12.6 recessions with 11.5 passenger counts 9.6 9.9 g
Slide 15: Uniquely Visible and Predictable Growth
Growth and Capita l Al l ocati on S trate gy Bui lt on the F ol l owi ng Key Driv ers: 1 Capture H ighly Visible New Ship Growth with Current Cruise Line Partners 3 Focus on Enhancing Health and Wellness Center Productivity Cruise capacity growth is highly visible Increase pre-booking and pre-paymen
Slide 16: Global Trends to Drive Sector Growth
MULTIPLE MEGA TRENDS DRIVE POSITIVE ROBUST CAPACITY GROWTH IN CRUISING ACROSS GEOGRAPHIES OUTLOOK Global Cruise Capacity Growth: 2020 – 2027 GLOBAL TRENDS TO AGING GLOBAL DRIVE SECTOR POPULATIONS GROWTH 38.7M + PERSISTENT HEALTH & Multiple long-term mega 29.5M WELLNESS TRENDS trends underlie a compe
Slide 17: Service & Product Innovation: High-Value Services Drive Revenue Growth
Introduction of High-Value Services Drives Revenue Growth Across Existing Footprint SERVICE & PRODUCT OneSpaWorld Medi-Spa Rollout: Vessel Count by Year INNOVATION 147 ACUPUNCTURE 1ST VESSEL 139 EXCLUSIVE & HIGHLY 128 ATTRACTIVE GLOBAL 2005 99 94 CHANNEL FOR HIGH 86 86 75 MARGIN SPA SERVICES FLEET
Slide 18: Cruise Lines Increasingly Aligned and Onboard Collaboration
Onboard Spend 1 Historical Collaboration $14.7 Health & Wellness Center SIDE ENGAGEMENT ISOLATED SHORE- Branding & Design CRUISE LINES ARE INCREASINGLY ALIGNED Signage & Limited Marketing WITH US TO DRIVE $6.5 ONBOARD REVENUE New Areas of Collaboration Weekly Budgeting & KPI Review AND ONBOARD COLLA
Slide 19: Strong, Visible and Consistent Revenue & Adjusted EBITDA Growth
Historical Revenue Historical PF Adj. EBI TDA 1 ($M, FYE Dec.) ($M, FYE Dec.) +12% +26% $1,000 $895 $112 $900 $120 $794 $800 $100 $89 $700 STRONG, $541 $562 $546 $80 $600 $507 VISIBLE AND $500 $453 $476 $56 $59 $60 $49 $53 $50 $400 $45 CONSISTENT REVENUE $300 Pandemic $40 & ADJUSTED EBITDA $200 $121
Slide 20: Sustainability and Social Responsibility
PLANET PEOPLE INTEGRITY Sustainability and Social Responsibility 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 prio
Slide 21: OneSpaWorld, the Preeminent Global Health and Wellness Services Company
ONESPAWORLD, THE PREEMINENT GLOBAL HEALTH AND WELLNESS SERVICES COMPANY UN DI S PUT E D L E AD E R IN A H I GH LY AT T R A CT I VE IN D UST R Y GL O BA L ME GA T R EN D S D R I VIN G R OB US T S E CT O R GR OWT H C OM PL E X BU SI NE S S M OD E L NO T E AS IL Y R EP L IC AT E D H I GH LY VI SI B LE
Slide 22: Thank You
T H A N K YOU PR IV I LE GED, P RO PR I ETA R Y A ND CO NF I DENTI A L 25
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