April 27, 2018 3:47 AM ET

Hotels, Restaurants and Leisure

Company Overview of NCL Corporation Ltd.

Company Overview

NCL Corporation Ltd. operates as a cruise line operator. The company was founded in 2013 and is based in Miami, Florida. NCL Corporation Ltd. operates as a subsidiary of Norwegian Cruise Line Holdings Ltd.

7665 Corporate Center Drive

Miami, FL 33126

United States

Founded in 2013

Phone:

305-436-4000

Fax:

305-436-4120

Key Executives for NCL Corporation Ltd.

President, CEO & Director
Age: 62
Vice Chairman Oceania Cruises & Regent, CEO & President of Oceania Cruises Brand
Age: 53
Chief Executive Officer of Norwegian Brand and President of Norwegian Brand
Age: 54
Chief Executive Officer of Regent Brand and President of Regent Brand
Age: 43
Senior Vice President, General Counsel and Assistant Secretary
Age: 48
Compensation as of Fiscal Year 2017.

NCL Corporation Ltd. Key Developments

NCL Corporation Ltd Announces Redemption of Outstanding 4.750% Senior Notes Due 2021

On March 20, 2018, NCL Corporation Ltd. delivered a notice of redemption to holders of its outstanding 4.750% Senior Notes due 2021. The redemption notice provides for the company’s partial redemption, pursuant to the terms of the Indenture, dated as of December 14, 2016, between the company and U.S. Bank National Association, as trustee, of $135.0 million principal amount of the $700.0 million aggregate principal amount of outstanding Notes on April 4, 2018 (the redemption date) at a redemption price equal to 100% of the principal amount of the notes being redeemed plus the applicable premium (as defined in the indenture) as of, and accrued and unpaid interest to, but excluding, the redemption date. Following the partial redemption, $565.0 million aggregate principal amount of notes will remain outstanding.

NCL Corporation Ltd., Q4 2017 Earnings Call, Feb 22, 2018

NCL Corporation Ltd., Q4 2017 Earnings Call, Feb 22, 2018

NCL Corporation Ltd. Reports Unaudited Consolidated Earnings and Operational Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Adjusted Eps Guidance for the Fourth Quarter and Full Year of 2017

NCL Corporation Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenue of $1,651,738,000 as compared to $1,484,736,000 for the same period last year. Net income before income taxes was $407,219,000 as compared to $1,484,736,000 for the same period last year. Net income was $400,692,000 as compared to $342,378,000 for the same period last year. Diluted earnings per share was $1.74 as compared to $1.50 for the same period last year. Operating income was $476,820,000 as compared to $413,614,000 for the same period last year. Adjusted net revenue was $1,287,089,000 as compared to $1,144,856,000 for the same period last year. Adjusted eps was $1.86 as compared to $1.62 for the same period last year. Ebitda was $608,090,000 as compared to $519,856,000 for the same period last year. Adjusted Ebitda was $635,135,000 as compared to $547,404,000 for the same period last year. For the nine months, the company reported total revenue of $4,146,622,000 as compared to $3,749,203,000 for the same period last year. Net income before income taxes was $676,444,000 as compared to $569,797,000 for the same period last year. Net income was $661,075,000 as compared to $560,853,000 for the same period last year. Diluted earnings per share was $2.88 as compared to $2.46 for the same period last year. Operating income was $871,625,000 as compared to $771,914,000 for the same period last year. Net cash provided by operating activities was $1,359,638,000 as compared to $1,088,759,000 for the same period last year. Additions to property and equipment was $1,129,514,000 as compared to $915,936,000 for the same period last year. Adjusted net revenue was $3,212,740,000 as compared to $2,901,352,000 for the same period last year. Adjusted eps was $3.28 as compared to $2.85 for the same period last year. Ebitda was $1,236,817,000 as compared to $1,076,113,000 for the same period last year. Adjusted Ebitda was $1,320,657,000 as compared to $1,151,311,000 for the same period last year. For the third quarter, the company reported that passengers carried were 658,139 as compared to 635,654 for the same period last year. Capacity days were 4,590,789 as compared to 4,209,562 for the same period last year. For the nine months, the company reported that passengers carried were 1,756,350 as compared to 1,761,967 for the same period last year. Capacity days were 12,811,155 as compared to 12,175,012 for the same period last year. For the fourth quarter, the company expects adjusted eps of $0.62. For the full year, the company expects adjusted eps of $3.90.

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