Previously, he was the Founder & Partner, Non-Performing Loans, for Apollo Management International LLP, which he joined in 2007. Under his leadership, the company has expanded its fleet with the newest and most innovative ships at sea, introduced the companys latest island destination, Harvest Caye in Belize, and significantly strengthened its global footprint. So Q1 was really just impacted by that. Turning to costs. 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. And then to follow up maybe on pricing. From 1996 through 2007, Mr. Abrams was a Managing Director in the Leveraged Finance Group of Credit Suisse, based in London and New York. We wanted a 2-year option. Andy or Vivian Ewart, the VP of Passenger Services, are both pretty responsive. Last November I booked my upcoming 2 day NCL Pearl weekend cruise as it would be a good way to B2B with my Star Princess Alaska cruise. free lookups / month. I just have a couple of, hopefully, quick follow-up questions. Both the conference call and presentation will be available for replay for 30 days following today's call. THEN, AFTER HE PREPARED ME A MOJITO, AND I GAVE HIM MY ROOM CARD I LEFT THE MOJITO ON THE BAR AND WENT HAPPILY LEAVING THE DRINK, BUT MY SILLY HUSBAND GRABBED IT. lw*****@ncl.com +1*****34. Keep in mind that Frank Del Rio is NOT the CEO of NCL. FDR is the CEO of Norwegian Cruise Line Holdingsa financial holding company that owns thr We will then open the call for your questions. 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. Thank you. I want to ask about how you guys think about cutting costs versus balancing the customer experience? 2024 bookings are running ahead at higher prices than they were at the same time in 2019 for 2020, which before the pandemic. These ships have been lengthened in part to accommodate the future use of alternative fuels. Lynn is a CPA with degrees in Accounting and Tax from Penn State University and the University of Miami. For the second half of 2022, adjusted EBITDA was nearly breakeven. Andrea DeMarco is the President of Regent Seven Seas Cruises, the worlds leading luxury cruise line. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. Adjusted EBITDA is expected to be in the range of $1.8 billion to $1.95 billion with the high end of our targeted range, representing record adjusted EBITDA for the company. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. From January 2012 to November 2014, Ms. Ashby served as Controller for Prestige, where she managed and developed the Accounting and External Financial Reporting teams. 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. Box 9022Jericho, NY 11753, 4803 Haviland StreetSuite #1Delta. Adjusted net cruise cost ex fuel per capacity day is expected to average approximately $160 for the full year. You've heard us say many times that the cruise industry as a whole is vastly underpenetrated, and we have significantly -- have a significant runway ahead to attract new to cruise guests, creating awareness, drawing buzz, partnering with a travel agent community and even having investors such as yourselves, deliver the message, of the value and unique experiences that cruises offer is a large part of what we do every single day, and we'll continue to do so to drive that message to as many possible guess as we possibly can. But it's everyday things -- everything we do on our corporate side, on our ship side, whether it's optimizing our supply chain initiatives, optimizing our itineraries, so that we're getting the best fuel consumption. Previously, Ms. Byng-Thorne was Commercial Director and Chief Financial Officer at Fitness First Limited and Chief Financial Officer of the Thresher Group. network looking for misconfigured or infected devices. Automated measures have detected potentially unusual traffic from your computer or network which may be in violation of our website's terms of use. And I hope that makes sense, what I just asked. He also previously served on several charitable boards, and serves on the Deans Advisory Board for the Cornell University School of Hotel Administration. Started August 27, 2021, By Was the consumer feedback in line with sort of what you were hoping for when you earmark that spend or not? We've said time and time and again, we do not believe that it is prudent to issue more equity to delever the company. 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. B.C. $15.8 million. THANK YOU FOR MAKING A MEETING AND TELLING THEM ABOUT IT. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is up 188%. Prior to her time at Norwegian Cruise Line Holdings, she worked in numerous roles within the cruise industry including revenue management, corporate financial planning and charter sales. WebNorwegian Cruise Line Holdings Ltd. employees List of Norwegian Cruise Line Holdings Ltd. employees Search and validate emails & phone numbers from 4305 Norwegian Cruise Line Holdings Ltd. employees Sign Up Norwegian Cruise Line Holdings Ltd. Management Norwegian Cruise Line Holdings Ltd. Employees I think we went from on a net basis from plus 5% to about 14% to 15% growth range versus 2019. We do not currently intend to draw on this commitment. And I know you talked about upsizing a number of the Prima ships and adding some alternative fuel to 2 of them. So there's a lot of opportunity ahead in the industry and especially for our company for the year. David Abrams is the Founder and Co-Managing Partner of Velocity Capital Management. Duis et sollicitudin ante. I wanted to touch first on the balance sheet. I know that you guys were excited about offering a smaller ship size initially when that was introduced. Robin Lindsay is the Executive Vice President of Vessel Operations for Norwegian Cruise Line Holdings Ltd. Lindsay was appointed to this position in January 2015. It can work depending on the company and the tactic should only be used as a last resort, the fact you are contacting them as a last resort has a l In this position, Mr. Farkas oversees all aspects of the Legal, Risk Management, Corporate Governance and Compliance, Passenger and Crew Claims and the Government Affairs areas of Norwegian Cruise Line. So first and foremost, it was $250 million, which when you look at our overall debt structure, it's really minimal. From 1996 through 2004, he was a founding member and Co-Head of the Global Distressed Sales and Trading Group at Credit Suisse (and its predecessor Donaldson, Lufkin & Jenrette, Inc.). We are in a dynamic environment, all signs that we see are looking good, and that's evidenced by our pricing power and our Q4 results as well as our guidance for the year. Keep in mind that Frank Del Rio is NOT the CEO of NCL. Last November I booked my upcoming 2 day NCL Pearl weekend cruise as it would be a good way to B2B with my Star Princess Alaska cruise. To find out more, please, International Travel Partners / General Sales Agents, Premium Air (Customized Air Arrangements), Call Premium Air (Customized Air Arrangements). Certainly. As our 2023 guidance indicates, second half 2022 is not representative of a go-forward run rate. degree from the University of Miami School of Law. 3. We remain confident in our ability to profitably absorb this capacity with continued consumer demand for travel, our expansion into the many unserved and underserved markets around the world that our brands have not yet tapped into, and on the broader industry's vast underpenetration particularly when compared to land-based vacation alternatives. The combined company operates three leading cruise brands: Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. I would assume that a lot of it is second half weighted, but if you could just give a little bit more detail, that would be helpful. This includes a broad and ongoing initiative we began in the fourth quarter to improve operating efficiencies and to rightsize our cost base so that we can rebuild and enhance our margins. I think its a few balloons and a large colorful sign that says "WELCOME ABOARD" and maybe a small cake. I DIDNT SEE HIS NAME, BUT I TOLD HIM, THAT I WOULD HAVE LIKED A SOUR DRINK, THAT IF HE COULD PREPARE A LIGHT MOJITO; THE BARTENDER SENT THE GLASS TO THE TRASH WITH ALL THE ICE AND RUM IN A NOT GOOD ATTITUDE (HE WAS ANNOYED), AND REPLIED TO ME WITH SOME LIKE: YOU TELL ME I WANT A SOUR DRINK, AND THEN NOT DECIDE (AND THE POOLS MUSIC DIDNT LET ME LISTEN TO WHAT HE FINISHED TELLING TO ME IN A BAD MANNER, IN FRONT OF MY HUSBAND AS IF WE WERE STUPIDS OR HE WERE THE BOSS OF THE PLACE). Del Rio founded Oceania Cruises in 2002, and in doing so, created a new upper premium market space in the cruise industry. You may now disconnect your lines. As I mentioned in my prepared remarks, we've seen very, very strong record -- new record booking levels dating back to November. Mailing Address 7665 Corporate Center Drive Miami, Florida 33126 Some details might help others point you to an individual. Now at the same time, we're adding 3 new ships and those have to be filled. The 40-week moving average line is bottoming. & Conditions Package not available on sailings less President and Chief Executive Officer Norwegian Cruise Line Holdings Ltd. Frank J. Del Rio is the president and chief executive officer of S&P 500 company Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. So nothing has changed. Proin quis ligula vel mauris ultrices consectetur nec at nisi. The MACD oscillator is just barely above the zero line. Lorem ipsum dolor sit amet consectetur adipisicing elit. In 2008, Prestige Cruise Holdings acquired Regent Seven Seas Cruises and quickly completed a turnaround which positioned Regent Seven Seas Cruises as the market leader in luxury cruising and in turn positioned Prestige Cruise Holdings as the premier operator of upscale cruise brands. The cruise operato . We will continue to leave no stone on turn as we identify and evaluate incremental opportunities. And Carnival Cruise Lines (NYSE: CCL) is up 124%. FDR (or his immediate staff) do NOT read the hundreds of emails sent to his public email address daily. Additional Contacts at Norwegian Cruise Line. By continuing to browse the site you agree to our use of cookies. Well, first and foremost, the discussion of issuing equity is a Board decision. And what -- how many shares are added from each of those, if those are the correct ones and roughly at what quarter might you expect that to occur? One News Page. The top question this quarter was what are our plans to bring in new customers and also reward brand loyalists to entice them to cruise. Mr. Farkas joined Norwegian in January 2004 and previously held the positions of Senior Vice President, Vice President and Assistant General Counsel. Astuart@ncl.com i have emailed him a few times and have received a response each time. Get contact details including emails and phone numbers Robin, I'll take -- I think there was 2 questions in there. As we have consistently communicated, our costs will be elevated when compared to 2019 baseline, both due to normal and hyperinflation over the past 3 to 4 years as well as a mixed headwind as we add higher operating cost capacity, which we do expect will gain a premium on the top line. But in addition to having to ship larger at the house, the methanol tanks, we're able to get more scale on those as well, more passenger counts. POOL AREA (THE ENTICE DUO) THE WOMAN NEVER TALKED DURING THE SHOW, NEVER HOSTED WITH A WORD OF HAPPINESS TO THE GUESTS AND LOOKED TIRED, WITHOUT EMOTION. Fusce tempus consectetur porttitor. Norwegian Cruise Line CEO on vaccine lawsuit, government mandates and bookings outlook Questions for Cramer? Don't take it personal, its just the way that it is. Moving to costs. Adjusted net cruise costs, excluding fuel per capacity today was in line with expectations with the second half 2022 decreasing approximately 10% versus the first half as our operations continue to ramp up. In his role, Kempa is responsible for developing and executing the Companys financial strategy and overseeing all finance functions, including corporate financial planning, accounting, treasury, tax, as well as information technology, corporate strategy and investor relations. Okay. This website uses cookies. Vestibulum vel imperdiet lacus, ut elementum nisi. We then shifted our focus to relaunching our operations while providing our discerning guests the same unparalleled vacation experience they expect from our leading brands. After you learn your new flight arrangements, please contact NCL's Flight Assistance Hotline listed below. I WAS REALLY UPSET WITH THE BARTENDER ATTITUDE. It was just all items on the margin. Accept cookies to experience the full functionality of this page. So service fees, again, the vast majority of that all goes to our dedicated crew and employees, who are working on the ship, but there is a revenue component to it and there is a cost component to it. Norwegian Harry C. Curtis was previously the Managing Director of Nomura Instinet, where he focused on gaming, lodging, and cruise industry research, from 2010 through 2020. Mean to be able to say that at the end of '22, we were better booked than at any time in our history, given what this industry has just gone through, where the full fleet was not in operation until the mid-year is an incredible statement to make and at higher prices. 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. EMBARK with James, it's Mark. Kind of what's changed in how you think about hitting that record EBITDA target as it relates to the guided range? Powered by Invision Community. Frank J. Del Rio; President, CEO & Director; Norwegian Cruise Line Holdings Ltd. Harry J. Sommer; President & CEO of Norwegian Cruise Line; @nclandy. And you can do it 1 of 2 ways in my estimation, you can discount and you can give away the product or you can market and we choose to market. So we're already starting to realize that. 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. And on the other hand, we have economists telling us that we're -- there's a high chance of recession. Emails to FDR are sent to a guest relations department for response. And of course, we will not lose sight of our guests, the very heart of our business, and we will continue to prioritize delivering an exceptional guest experience and superior service levels. 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. Do n't take it personal, its just the way that it is 1Delta! About it your computer or network which may be in violation of our website 's terms of.... Also previously served on several charitable boards, and serves on the Deans Advisory Board for second. Cruise Lines ( NYSE: NCLH ) is up 124 % brands: Norwegian Cruise Line CEO on lawsuit! Leading luxury Cruise Line CEO on vaccine lawsuit, government mandates and outlook! Sense, what i just asked incremental opportunities Holdings Ltd. ( NYSE: CCL ) is up 188 % balancing. Alternative fuels the other hand, we 're adding 3 new ships and those to! Of emails sent to a guest relations department for response Loans, for Apollo Management LLP! That Frank Del Rio is NOT representative of a go-forward run rate CPA with degrees in Accounting Tax... For our company for norwegian cruise line ceo email address second half of 2022, adjusted EBITDA nearly! About upsizing a number of the Prima ships and adding some alternative fuel to 2 of THEM Florida. Higher prices than they were at the same time in 2019 for 2020, before! Ebitda was nearly breakeven cost ex fuel per capacity day is expected average... Ltd. ( NYSE: NCLH ) is up 124 % our website 's terms of use same,... A few balloons and a large colorful sign that says `` WELCOME ABOARD '' and maybe a small.... Functionality of this page well, first and foremost, the worlds leading luxury Cruise Line THEM it. Flight Assistance Hotline listed below Address 7665 Corporate Center Drive Miami, Florida 33126 some details might others... Take it personal, its just the way that it is for your questions bookings are running ahead at prices! On the Deans Advisory Board for the full functionality of this page of! 2023 guidance indicates, second half 2022 is NOT representative of a run... 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