On one hand, we have a very strong consumer. What is included in the "welcome aboard" kit? The weekly OBV line is down from its November high. Found 6 email address listings: @gmail.com. And it was really just truing up some of our year-end accruals and making sure that going into the year, we were fully stock, so to speak, to ensure that we had no lagging issues affecting our 2023 performance. Our overall liquidity position remains strong. Compared to 2019 levels, net per diem is expected to increase approximately 6.75% to 7.75%, while net yield is expected to increase approximately 1.25% to 2.25%, primarily as a result of our continued occupancy ramp and with pricing expected to be higher for the remaining quarters of 2023. These announcements create excitement, not just among loyal guests, but also to new brand and even new to cruise guests. THIS WAY PEOPLE CAN SELECT OR CHOSE WHERE THEY WANT TO BE AT THE SAME TIME IN DIFFERENT PLACES WITHOUT STAYING BORED WALKING THROUGH. In this role, he is responsible for the expansion of NCLs business and, Kevin Bubolz, who previously served as Managing Director Europe, has been named Vice President & Managing Director Continental Europe, Middle East & Africa in January 2023. We use cookies to optimize the website, no personal information is stored. And to what extent is your appetite to issue equity relative to debt? Suspendisse feugiat libero in ipsum faucibus, sed eleifend orci pellentesque. Her positions with the U.S. Coast Guard included Director, Incident Management Preparedness Policy from 2012 to 2015, Commander, Eighth Coast Guard District from 2009 to 2011, where she oversaw operations for a region including 26 states with over 10,000 active, reserve, civilian, and auxiliary personnel under her command, Director of Governmental and Public Affairs from 2007 to 2009 and various tours from 1980 to 2007, which culminated in her advancement to Rear Admiral. The 40-week moving average line is bottoming. So again, the key is to deliver a fantastic guest experience and see what we can do to leverage scale and become more decarbonized along the way. Turning to liquidity. Russell W. Galbut currently serves as the Managing Principal of Crescent Heights, one of Americas largest and most respected residential developers of quality condominiums. Donec nec fringilla ipsum. and its subsidiaries, Del Rio served as Senior Vice President, Port and Destination Services at Prestige from 2008 until March 2015 and as Vice President, Destination Services and Product Development at Prestige from 2003 to 2008. Thank you, Ms. John. For additional detail on the breakdown of upcoming debt payments, we also provide a detailed schedule on our Investor Relations website. In his approximately 30 years in equity research, during which he developed a wide following, he cultivated a deep knowledge of the cruise industry, the ability to identify investor sentiment and a comprehensive understanding of key drivers of Norwegian Cruise Line Holdings Ltd.s business model. WebEstela Farina is the Brazil managing director for Norwegian Cruise Line Holdings, Ltd., overseeing the sales strategies across the companys three brands, Norwegian Cruise Can you just touch on the plans or changes to the premium class. Norwegian Cruise Line Holdings Ltd. NCLH is scheduled to report fourth-quarter 2022 results on Feb 28, 2023, before the opening bell. You talked for the fourth quarter, you talked about how revenues and net cruise cost ex fuel or in line with your expectations that EBITDA was a bit short. Thank you, John, and good morning, everyone. My commentary today will focus on our fourth quarter 2022 financial results, 2023 guidance and the progress on our financial recovery. Listen, we were really excited about the performance of Prima. Good morning, and welcome to the Norwegian Cruise Line Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call. Full year '23 book position is now ahead of 2019's record performance and at higher prices. Regarding new builds, look, the -- we're increasing the size of 4 vessels pretty significantly by, I think, it's more than 10% on 3 and 4 and almost more than 20%. LauraS Can you just explain again why you dipped into the Apollo financing? Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) reported fourth-quarter FY22 revenue growth of $1.519 billion Tuesday, beating the consensus of $1.500 billion. Congratulations. I knew someone that used to work there and the stories I heard would blow your mind. Thank you, Jessica, and good morning, everyone, and thank you for joining us today. So what exactly changed? The CEO of Norwegian Cruise Lines launched a blistering attack on Florida Republican Governor Ron DeSantis amid an ongoing court battle between the company and the state. By From March 2010 to December 2011, Ms. Ashby held the position of Senior Director of Financial Reporting with Prestige, where she started the Financial Reporting Department and was responsible for the preparation of annual financial statements, coordination of external audits and researching technical accounting issues. Earlier this month, we took advantage of significant improvements in the bond markets to complete a refinancing transaction of the remaining nonextended term loans under the operating credit facility. During his more than 30-year tenure in the industry, Sommer held a variety of executive roles at Norwegian Cruise Line Holdings Ltd., Prestige Cruise Holdings, Renaissance Cruises and Viking River Cruises including Executive Vice President, International Business Development; Executive Vice President and Chief Marketing Officer; Senior Vice President Finance; Chief Information Officer and Chief Accounting Officer. I wanted to touch first on the balance sheet. Harry Sommer is President and Chief Executive Officer of Norwegian Cruise Line, the innovator in global cruise travel which has been breaking the boundaries of traditional cruising for more than 50 years. Its standard for any complaint. in English from the University of Buffalo. Slide 15 demonstrates the results of our deliberate and opportunistic measures to optimize our debt maturity profile. Turning to costs. Andrea DeMarco is the President of Regent Seven Seas Cruises, the worlds leading luxury cruise line. So overall, we are trending to a, again, a bit more exotic or longer itinerary based deployments, but that's shaping up well for us, absent this what we would call a onetime Q1 anomaly with the overall restart. Previously, he was the Founder & Partner, Non-Performing Loans, for Apollo Management International LLP, which he joined in 2007. than 5 days or charter sailings. Thanks, hladygirl! I'll give it a try. Jim He received a B.A. While the past few years have been unlike anything we could have imagined. 8:18p A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. Each successive class of ships is a record-breaking architectural marvel that revolutionizes vacations with the latest technology. Now let's take a look at our expectations for the first quarter. You will be able to leave a comment after signing in, By This translates to net yield for the year expected to increase in the range of 5% to 6.5%. Our current cumulative book position and the strong demand dynamics that we continue to experience across our brands gives us further confidence that we can achieve our 2023 guidance, which Mark will discuss shortly in more detail. It's not just a theoretical comment. I would characterize it as the last normalization quarter, so to speak. I'm just trying to figure out if you guys could help us think about what that impact is on that yield side? The MACD oscillator is just barely above the zero line. You've likely seen some of the actions we've already taken to improve our cost structure, including normalization of marketing spend, corporate overhead reductions, itinerary optimization, supply chain initiatives and thoughtful rationalization of product delivery. At the same time, we revised the undrawn commitment to reduce the amount to $650 million, with the agreement now extending through February 2024 with the option at our sole election to extend through 2025. Stella David was previously the Chief Executive Officer of William Grant & Sons Limited, an international spirits company, from August 2009 until March 2016. All correspondence should include the guest's name (first and last), name of ship and sailing date, as well as a contact address and telephone number. Harry Sommer Email Address. I know that you guys were excited about offering a smaller ship size initially when that was introduced. So there is a cost to that. Going back to some comments from last -- I believe last summer and last fall, you had talked about expectations or you seem pretty confident in record EBITDA for this year. Previously, Del Rio served as chairman and chief executive officer of Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. Shifting our discussion now to our booking demand and pricing trends. Frank will begin the call with opening commentary, after which, Mark will follow to discuss our financials before handing the call back to Frank for closing remarks. An over 25-year cruise industry veteran, Del Rio has successfully led Norwegian Cruise Line Holdings in delivering industry leading financial results while providing an unparalleled guest experience. So on a per capacity day basis, I think marketing costs will come down. She joined NCLH as Controller in November 2014 after the Acquisition of Prestige. And then to follow up maybe on pricing. Frank J. Del Rio; President, CEO & Director; Norwegian Cruise Line Holdings Ltd. Harry J. Sommer; President & CEO of Norwegian Cruise Line; network looking for misconfigured or infected devices. There is no silver bullet in this industry, but it's a lot of little things that can add up and that's what we're squarely focused on going forward. We will also make reference to a slide presentation during this call, which may also be found on our Investor Relations website. The last catalyst I want to touch on is our industry-leading new build pipeline. degree from Louisiana Tech University. After 40 years dealing with the public I can count on one hand the number of letters and emails that look to be from sane people. The cruise operator reported a wider-than-expected fourth-quarter loss before market open Tuesday, although revenue was WebNorwegian Cruise Line CEO Harry Sommer and other executives were copied on the message, according to the report. It sounded like last summer or last fall, that would not have been the intention at that time, but that's changed. We do not have a choice there, but that is really just the accounting for it. We now expect gross tonnage for the third and fourth Prima Class to be approximately 10% larger and the fifth and sixth Prima Class ships to be approximately 20% larger than Norwegian Prima and Viva. It was very slight, James. . When we looked at the platform now that it's in operation, we think we can take that great guest experience, great financial performance and get slightly better economies of scale by driving the ships a little bit bigger, hence, the slight increase for Prima 3 and 4, which will be delivered in '25 and '26. Yes but I have always gotten a response from somebody when I have used Andy Stuart email address. I send a very polite email explaining my concern Accept cookies to experience the full functionality of this page. Before handling the call back -- handing the call back to Frank, I want to reiterate our relentless focus on executing on our medium- and long-term financial strategy as laid out on Slide 18. It is a subsidiary of Norwegian Cruise Line Holdings. She's come out of the gate is our best book ship, great yields, great onboard revenue, and most importantly, great -- I guess, experience, excuse me, great guest satisfaction scores. James, it's Mark. So nothing has changed. Since we last spoke in November, we have been pleased to see positive booking momentum continue, including a very strong wave season that likely started 2 months earlier than usual. The MACD oscillator is just barely above the zero line. With a combined fleet of 28 ships with approximately 60,000 berths, these brands offer itineraries to nearly 500 destinations worldwide. Thank you for joining us for our fourth quarter and full year 2022 earnings and business update call. This website uses cookies. So nothing material. Yes. Web8:25p AMC stock tumbles after 14th consecutive quarterly loss, fourth straight year in the red. The combined company operates three leading cruise brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. Prior to the Companys acquisition of Prestige Cruises International S. de R.L. Executive Vice President and Chief Financial Officer Norwegian Cruise Line Holdings Ltd. Mark A. Kempa is Executive Vice President and Chief Financial Officer of Norwegian Cruise Line Holdings Ltd., appointed to this position in August 2018. Look, absolutely, when we increase the service fees, it does get rolled up as part of our gross revenue, but there's also a cost to that. I think marketing costs will come down line, Oceania Cruises and Seven. Thank you for joining us today payments, we have a choice there, also! 2022 earnings and business update call no personal information is stored catalyst WANT! 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