March 03, 2015 11:34 PM ET

Hotels, Restaurants and Leisure

Company Overview of Norwegian Cruise Line Holdings Ltd.

Company Overview

Norwegian Cruise Line Holdings Ltd., a cruise line operator, through its subsidiaries, provides cruise experiences for travelers with various itineraries in North America, the Mediterranean, the Baltic, Central America, Bermuda, and the Caribbean. It offers cruises ranging in length from one day to three weeks. The company sells its products primarily through retail/travel agents. As of January 28, 2015, it operated 21 ships under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands with approximately 40,000 lower berths visiting approximately 430 destinations worldwide. The company was founded in 1966 and is headquartered in Miami, Florida.

7665 Corporate Center Drive

Miami, FL 33126

United States

Founded in 1966

Phone:

305-436-4000

Key Executives for Norwegian Cruise Line Holdings Ltd.

Chief Financial Officer and Executive Vice President
Age: 50
Total Annual Compensation: $528.3K
Executive Vice President of Sales
Age: 51
Total Annual Compensation: $500.9K
Senior Vice President of Marketing
Age: 58
Total Annual Compensation: $381.7K
Compensation as of Fiscal Year 2013.

Norwegian Cruise Line Holdings Ltd. Key Developments

Norwegian Cruise Line Holdings Ltd. Reports Unaudited Consolidated Earnings and Production Results for the Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Norwegian Cruise Line Holdings Ltd. reported unaudited consolidated earnings and production results for the quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $788.909 million against $600.345 million a year ago. Operating income was $46.442 million against $61.430 million a year ago. Net income before loss taxes was $24.154 million against net income before income taxes of $37.032 million a year ago. Net loss attributable to the company was $25.609 million against net income of $36.092 million a year ago. Diluted loss per share was $0.12 against diluted earnings per of $0.17 a year ago. Adjusted net income was $77.633 million against $40.474 million a year ago. Adjusted EPS was $0.36 against $0.19 a year ago. EBITDA was $116.585 million against $118.244 million a year ago. Adjusted EBITDA was $192.485 million against $124.066 million a year ago. For the year, the company reported total revenue of $3,125.881 million against $2,570.294 million a year ago. Operating income was $502.941 million against $395.887 million a year ago. Net income before income taxes was $340.334 million against $114.688 million a year ago. Net income attributable to the company was $338.352 million against $101.714 million a year ago. Diluted earnings per share were $1.62 against $0.49 a year ago. Net cash provided by operating activities was $635.601 million against $475.281 million a year ago. Additions to property and equipment and other were $1,051.974 million against $894.851 million a year ago. Adjusted net income was $480.561 million against $295.790 million a year ago. Adjusted EPS was $2.27 against $1.41 million a year ago. EBITDA was $760.986 million against $611.711 million a year ago. Adjusted EBITDA was $877.852 million against $647.195 million a year ago. Net debt as at December 31, 2014 was $6,099.280 million against $3,071.322 million as at December 31, 2013. Free cash flow was $416.373 million compared to $419.570 million a year ago. Capital expenditures for ship construction were $843,542,000 against $794,671,000 for the same period a year ago. Capital expenditures for business enhancements and other were $208,432,000 against $100,180,000 for the same period a year ago. For the quarter, the company reported passengers carried was 627,463 against 405,007 a year ago. Occupancy percentage was 104.6% against 107.0% a year ago. For the year, the company reported passengers carried was 2,133,981 against 1,628,278 a year ago. Occupancy percentage was 109.0% against 109.1% a year ago. For the first quarter of 2015, the company expects adjusted EPS between $0.20 to $0.24; depreciation and amortization between $80 million to $85 million; and interest expense, net between $55 million to $60 million. For the full year 2015, the company expects adjusted EPS between rang of $2.70 to $2.90; depreciation and amortization between $335 million to $345 million; and interest expense, net between $220 million to $230 million.

Norwegian Cruise Line Holdings Ltd. to Report Q4, 2014 Results on Feb 17, 2015

Norwegian Cruise Line Holdings Ltd. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 17, 2015

Norwegian Cruise Line Holdings Ltd., Q4 2014 Earnings Call, Feb 18, 2015

Norwegian Cruise Line Holdings Ltd., Q4 2014 Earnings Call, Feb 18, 2015

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