Royal Caribbean Cruises Ltd. · NYSE:RCL
Royal Caribbean Cruises — Q4 2023 Earnings Presentation
8 slides from Royal Caribbean Cruises's earnings presentation, Feb 1, 2024
Slide 1: Earnings Call
Icon of the SeasSM at Perfect Day at CocoCay 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: Our Mission: Deliver the Best Vacation Experiences Responsibly
Hideaway Beach, Perfect Day at CocoCay OUR MISSION DELIVER THE BEST VACATION EXPERIENCES RESPONSIBLY 3
Slide 4: Q4 2023 Highlights
Q4 2023 HIGHLIGHTS NET YIELDS ROBUST SPEND ACCELERATING DEMAND ON OUR EXPERIENCES +17.9% Net Yield Growth in constant currency vs. ‘19 +19% Revenue per passenger Record breaking booking volumes cruise day in constant currency vs. 2019 105% Load Factor Compelling Value Proposition Record number of ne
Slide 5: Full Year 2023 Highlights
FULL YEAR 2023 HIGHLIGHTS ACCELERATED YIELD TRIFECTA TRENDING AHEAD DELIVERED INNOVATIVE GROWTH NEW SHIPS +13.5% Net Yield Growth in constant currency vs. ‘19 12.3% Return on Invested Capital Silver Nova Celebrity Ascent 106% Load Factor $97 Adjusted EBITDA p/ APCD Icon of the Seas IMPROVED PROFITAB
Slide 6: 2024 Guidance
2024 GUIDANCE MODERATE CAPACITY MODERATE YIELD STRONG COST CONTROLS GROWTH GROWTH 3.75% to 4.25% 8.5% Capacity vs. ‘2023 growth 5.25% to 7.25% (includes ~315 bps impact from increased drydocks and Hideaway Beach) 2 new ships expected to be delivered in Net Yield growth NCCx per APCD growth 2024: Uto
Slide 7: 2024 Full Year Guidance
2024 Full Year Guidance APCDs 50.9M Net Yields vs. 2023 (in Constant Currency) 5.25% to 7.25% NCCx vs. 2023 (in Constant Currency) 3.75% to 4.25% Fuel Approx. $1,165M D&A $1,600M - $1,610M Net Interest Expense $1,230M - $1,240M Adjusted Earnings Per Share $9.50 - $9.70 7 The Overlook — Icon of the S
Slide 8: Q1 2024 Guidance
Q1 2024 GUIDANCE APCDs 12.3M Net Yields vs. 2023 (in Constant Currency) 15.20% to 15.70% NCCx vs. 2023 (in Constant Currency) 7.10% to 7.60% Fuel Approx. $307M D&A $385M - $395M Net Interest Expense $305M - $315M Adjusted Earnings Per Share $1.10 to $1.20 Grand Plaza — Celebrity AscentSM 8
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