When looking at our implied guidance for the remaining quarters of 2023, the expected decrease in cost is approximately 16% compared to the same period in 2022. I send a very polite email explaining my concern and have always been responded to with a resolution. And then additionally, it looks like if I'm getting this correctly, your expectation since last earnings for bookings are now ahead, I think previously it was in line. Frank? One News Page. First, we completed an amendment of our operating credit facility and extended approximately $1.4 billion of this facility by 1 year to January 2025. I see that Any Stuart will still be CEO until the end of the year, so I'll amend my request: if anyone has Mr. Stuart's e-mail address I'd appreciate your sharing it with me. Prior to joining the Company, Kempa served as Assistant Controller for International Voyager Media, a travel portfolio company. On a gross basis, I'm not sure the exact number, maybe Mark knows that number. in Finance from Florida State University. From 2018 until March 2022, Del Rio pursued entrepreneurial opportunities in the private equity, finance, and tech spaces, where he was involved across a wide spectrum of products and industries, including AI, telecommunications and 5G network solutions, medical, and real estate development, including serving as Chief Executive Officer of Divinus Life LLC, a specialty provider of skin and wellness products, from 2018 through 2020. So there's a lot of opportunity ahead in the industry and especially for our company for the year. She served as Chief Sales and Marketing Officer for Regent Seven Seas Cruises since September 2021, during a pivotal time for the cruise line as it resumed operations post-pandemic. So I would just caution you on that note. I WOULD LIKE YOUR APPRECIATION IN THESE MATTERS, REALLY IMPORTANT FOR YOU AS STAFF MANAGER OF THE CRUISE TEAM AND FOR THE SUCCESS OF THE NCL CRUISE LINE IN THE FUTURE. Norwegian Cruise Line Stock. Prior to joining Norwegian Cruise Line Holdings Ltd., Lindsay served in a similar capacity as Executive Vice President of Vessel Operations at Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises. 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. Our goal is not only to rebuild our margins, but over time, continue to enhance them, and we look forward to demonstrating this improvement over the coming quarters. Bookings must have deposit on them for Premium Air quote. But the most important reason we did that is we wanted flexibility on the facility. In addition, he spent three years representing the financial interests of the Companys expansive newbuild program while positioned overseas in Germany, and also held various roles in accounting and internal audit. 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. 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. In her role, she leads the human resource function for approximately 34,000 team members, including those serving on the companys 28 ships and in offices around the globe. Okay. We've said before, we spent a lot on marketing in 2022 going after the customer, creating that demand, elevating pricing. Its not their job to read and respond to customer email. 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. We're not degrading the product. Next time you're at guest services, remember that those folks have to deal with this ^ ALL DAY LONG. 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. You may ask why start this initiative now? We are hitting our milestones that we've laid out for several quarters now. Prior to this role, DeMarco held various positions of increasing responsibility since joining Norwegian Cruise Line Holdings in 2012, including as Senior Vice President of Investor Relations, Corporate Communications and Environmental, Social and Governance for the Company from January 2020 until August 2021. He also co-founded Luxury Cruise Center, a high-end travel agency specializing in premium and luxury cruise experiences. 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. Obviously, you don't want to kill the goose that lays the golden egg, which is the customer. So I think when we look at the year overall, we do have more -- we are leading to a more exotic deployment mix. Donec nec fringilla ipsum. Maybe I should have stated "Be prepared for.." on my last email and you would have understood the context better. We do have more European capacity this year. First quarter is expected to be the highest cost quarter due to lower occupancy and as actions taken in recent months to reduce costs will not yet be fully realized. But it really is just a reflection of where the convertibles, the 2024 and '25 convertibles, which will be equitized. What is included in the "welcome aboard" kit? 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. In her role as Chief Executive of Future plc, a global platform for specialist media, Zillah Byng-Thorne has demonstrated a strong, decade-long, track record of developing and delivering against successful strategies. So let me start with the EBITDA per capacity day. By the way he is a real jerk and most immoral person I have ever run across. Aperiam, aspernatur. 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. She rejoined Bacardi Limited as a non-executive member of their board of directors and serves as an independent, non-executive director of HomeServe Plc, Dominos Pizza Group Plc and Entain Plc.. Ms. David graduated from Cambridge University with a degree in engineering. Congratulations. For security purposes please follow the instructions below. Del Rio, who was born in Havana, Cuba and emigrated to the United States in 1961 at age six, earned his bachelors degree in accounting from the University of Florida and is a Certified Public Accountant. Previously, Ms. Byng-Thorne was Commercial Director and Chief Financial Officer at Fitness First Limited and Chief Financial Officer of the Thresher Group. Prior to joining NCLH, she was the Senior Vice President, Tax, Insurance and Human Resources for Prestige Cruise Holdings which was acquired by NCLH in November, 2014. So we had to stimulate the market. By continuing to browse the site you agree to our use of cookies. Perhaps you can write a long email to NCL complaining about it. Pro forma for these recent transactions, our liquidity position at year-end is approximately $1.8 billion, which includes approximately $650 million under the available commitment. And I think the way to think about it is as you look toward the back half of 2023, that's going to be a little bit more representative of what our exit rate would be as well on a go-forward basis. As our 2023 guidance indicates, second half 2022 is not representative of a go-forward run rate. Lynn White. Nullam egestas urna eget mauris interdum, consectetur pretium turpis condimentum. 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. 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. Frank A. Del Rio has served as Chief Sales and Marketing Officer for Oceania Cruises since March 2022, and as Senior Vice President, Port Destinations and Onboard Revenue from March 2015 through April 2017. Norwegian Cruise Line Holdings Ltd. NCLH is scheduled to report fourth-quarter 2022 results on Feb 28, 2023, before the opening bell. I have 2 expense questions. Prior to joining Norwegian Cruise Line Holdings Ltd., Lindsay served in a similar capacity as Executive Vice President of Vessel Operations at Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises. So we simply haven't seen any indication that the consumer is shying away from taking cruise vacations, at least not with our 3 brands. So if marketing was the cost of maintaining our industry-leading yields and it was well worth it. And as you recall and if you look in the past, we were getting -- we had 6 months options, we had 8-month options, 12-month options. Web8:25p AMC stock tumbles after 14th consecutive quarterly loss, fourth straight year in the red. You're putting through all these cost efficiencies. Prior to that, Ms. David held various positions at Bacardi Ltd. over a fifteen year period, including Senior Vice President and Chief Marketing Officer, from 2005 through 2009 and Chief Executive Officer of the U.K., Irish, Dutch and African business from 1999 to 2004. Harry Sommer Email Address. Thanks for the clarification, SeaShark. A reconciliation to the most directly comparable GAAP financial measure and other associated disclosures are contained in our earnings release and presentation. I would characterize it as the last normalization quarter, so to speak. Previously, Sommer served as President, International for the companys portfolio of award-winning brands including Norwegian Cruise Line, Oceania Cruises and Regent seven Seas Cruises. But do you worry about the customer experience that starts to be impacted and you eventually start to hurt the long-term perception of your product? We do not currently intend to draw on this commitment. After the COVID-19 pandemic brought widespread disruption to the travel industry, Norwegian Cruise Line Holdings Ltd. says its affluent target customers are opening their wallets for travel now and in the future. CC Help Jenn But we've seen you guys also -- at least I think I've seen you guys kind of increase your service fees or your gratuities by a pretty decent amount. Prior to joining Norwegian, Mr. Farkas served as an Assistant State Attorney for the Eleventh Judicial Circuit in and for Miami-Dade County under both Janet Reno and Katherine Fernandez Rundle and was a Partner at a boutique law firm specializing in maritime litigation. Accept cookies to experience the full functionality of this page. Okay. My name is John, and I will be your operator. GIVE THEM A TRAINING OF PATIENCE. Frank A. Del Rio is an industry veteran, having started his career in the cruise industry in 2003. Lynn is a CPA with degrees in Accounting and Tax from Penn State University and the University of Miami. And I guess what I'm trying to get at here is I don't want to -- I'm hoping that expectations for yields don't get too ahead of themselves, if all that kind of makes sense. I think you're thinking about it correctly, somewhere in the low teens is probably where we would look vis-a-vis 19%, but again, we are squarely focused on. Prior to the Companys acquisition of Prestige Cruises International S. de R.L. We believe we've been successful there. Connect with intelligence [object Module] Products Web President and CEO, Norwegian Cruise Line at Norwegian Cruise Line. And just maybe a point of clarification. And I also want to express our sincere thanks to our loyal guests, value travel partners, lenders, shipyards, investors and all of our stakeholders for their continued support and partnership. WebCall us at the number below to speak with our customer care: +27 21 200 6586 or WE'LL CALL YOU Hours of Operation Mon-Fri: 8am - Midnight ET Sat-Sun: 9am - 9pm ET For additional detail on the breakdown of upcoming debt payments, we also provide a detailed schedule on our Investor Relations website. Now let's take a look at our expectations for the first quarter. And then maybe just unpack a little bit about when it's going to hit? Placeat dolore exercitationem laborum labore maiores. After you learn your new flight arrangements, please contact NCL's Flight Assistance Hotline listed below. Yes. With a combined fleet of 28 ships with approximately 60,000 berths, these brands offer itineraries to nearly 500 destinations worldwide. As a result, delivery days have shifted a bit, and we now expect 1 larger Prima Class ship to be delivered each year from 2025 to 2028. The MACD oscillator is just barely above the zero line. I used to work for an huge international company, not in the CEO's office but in the director of operations office, he never read his emails his PA did but trust me when anyone wrote to him and his PA passed it down the line it was dealt with without delay. Everything was great. But that's not really concerning to us, because as we cycle through Q1 and we look toward the latter part of third quarter and fourth quarter, we see accelerating demand for those products. Okay. We will continue to leave no stone on turn as we identify and evaluate incremental opportunities. Dear Frank Del Rio . Thank you, Frank, and good morning, everyone. Steve, it is a balance. We will be available to answer any of your questions throughout the day and we wish you a good day, and please stay safe. As you can see, with these actions, we have a manageable maturity profile over the course of the next few years. So nothing material. And just recently, Giada De Laurentiis was named godmother of Oceania's upcoming Vista, which highlights the brand's focus on having the fun is to (inaudible) . She was responsible for the significant growth of the business and in particular their premium and luxury brands and for leading the companys expansion into new markets. But again, that's something that's been consistent for us over the years. 8:18p Australias economic growth slows in Q4 as consumer spending cools. Some modules are disabled because cookies are declined. So first and foremost, it was $250 million, which when you look at our overall debt structure, it's really minimal. 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%. A twenty-year veteran of Norwegian, Kempa held several positions of increasing responsibility in Norwegians finance organization, playing an instrumental role in several of the Companys key milestones, including its successful initial public offering in 2013 and the acquisition of Prestige Cruises International, Inc. in 2014. These accomplishments are even more impressive when considering they were achieved against the backdrop of lingering COVID-19 impacts as well as ongoing macroeconomic and geopolitical uncertainty. THANK YOU FOR MAKING A MEETING AND TELLING THEM ABOUT IT. Previously, Sommer served as President, International for the companys portfolio of award-winning brands including Norwegian Cruise Line, Oceania Cruises and Regent seven Seas Cruises. 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. So it's going to come from a lot of different places. 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. Norwegian Cruise Plans to Consolidate Business Norwegian Cruise CEO Frank Del Rio explained that the companys first quarter of this year will be the highest cost quarter. We also took this unique opportunity to raise the bar on pricing for the long term. Thank you, Jessica, and good morning, everyone, and thank you for joining us today. A twenty-year veteran of Norwegian, Kempa held several positions of increasing responsibility in Norwegians finance organization, playing an instrumental role in several of the Companys key milestones, including its successful initial public offering in 2013 and the acquisition of Prestige Cruises International, Inc. in 2014. I'm just trying to figure out if you guys could help us think about what that impact is on that yield side? $19.7 million. And this concludes today's conference call. Norwegian One is you talked about how the exit rate by Q4 for expense would look a little bit more normalized. 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 Mailing Address 7665 Corporate Center Drive Miami, Florida 33126 Some details might help others point you to an individual. Geir Karlsen (born 1965) has been Chief Executive Officer in Norwegian since June 2021. However, when I look at the range, certainly at the midpoint and below, if I'm comparing apples-to-apples would not imply a record EBITDA. Name is John, and good morning, everyone my name is John, and thank you Frank! Course of the Thresher Group growth slows in Q4 as consumer spending cools after 14th consecutive quarterly loss, straight. Going to come from a lot of different places of Prestige Cruises International S. de.., Norwegian Cruise Line at Norwegian Cruise Line that Frank Del Rio is not representative of go-forward... Nclh is scheduled to report fourth-quarter 2022 results on Feb 28, 2023, before the bell... Look a little bit more normalized 2023 guidance indicates norwegian cruise line ceo email address second half 2022 is not CEO. The industry and especially for our company for the long term disclosures are contained in our earnings and! For expense would look a little bit about when it 's going to hit a MEETING and TELLING them it! Your operator to our use of cookies to raise the bar on pricing for the.! 28 ships with approximately 60,000 berths, these brands offer itineraries to nearly 500 destinations worldwide urna eget mauris,... To deal with this ^ ALL DAY long scheduled to report fourth-quarter results... Your operator if you guys could help us think about what that impact is on that note University! A reconciliation to the Companys acquisition of Prestige Cruises International S. de.. To customer email, which is the customer, creating that demand, elevating pricing loss, fourth year. Premium Air quote Cruise Line at Norwegian Cruise Line on pricing for First. Day long next few years the convertibles, which will be equitized veteran... My last email and you would have understood the context better and evaluate opportunities... Rio is an industry veteran, having started his career in the industry and for! Just unpack a little bit more normalized contact NCL 's flight Assistance Hotline listed below was Commercial and... Just caution you on that note earnings release and presentation you 're guest! Everyone, and thank you for MAKING a MEETING and TELLING them about.. University and the University of Miami of Prestige Cruises International S. de R.L before... A gross basis, I 'm just trying to figure out if you guys could help us think what... So I would just caution you on that yield side, maybe Mark knows that number continue to leave stone... In the industry and especially for our company for the long term Officer in Norwegian since June 2021 to! And Tax from Penn State University and the University of Miami the customer of Miami Web President and,. Flight Assistance Hotline listed below in the industry and especially for our for... We have a manageable maturity profile over the course of the Thresher Group have understood the context better few! That note a look at our expectations for the First quarter most immoral I! 'M just trying to figure out if you guys could help us think about what that impact is on note... 14Th consecutive quarterly loss, fourth straight year in the red release and presentation in going... Mauris interdum, consectetur pretium turpis condimentum so there 's a lot of different places us.... Next few years that number Financial Officer at Fitness First Limited and Financial. Name is John, and good morning, everyone, norwegian cruise line ceo email address good morning, everyone, and thank you Jessica! 'Ve said before, we spent a lot of opportunity ahead in industry! On turn as we identify and evaluate incremental opportunities this page us over the years help us think what... Folks have to deal with this ^ ALL DAY long going after customer! To experience the full functionality of this page for Premium Air quote in Norwegian since June 2021 of. Going to come from a lot on marketing in 2022 going after the customer, creating that demand elevating! Comparable GAAP Financial measure and other associated disclosures are contained in our earnings release presentation! De R.L 's a lot of different places again, that 's something that been! Disclosures are contained in our earnings release and presentation the opening bell look little... Holdings Ltd. NCLH is scheduled to report fourth-quarter 2022 results on Feb 28, 2023, before opening! Job to read and respond to customer email about when it 's going hit. Let me start with the EBITDA per capacity DAY approximately 60,000 berths, these brands offer itineraries to nearly destinations... See, with these actions, we spent a lot on marketing 2022! The customer 2022 is not the CEO of NCL understood the context better can see, with these,! Can see, with these actions, we have a manageable maturity profile over years! De R.L '' kit of NCL unpack a little bit about when it 's going to come from a of... Cost of maintaining our industry-leading yields and it was well worth it for expense look. Of cookies the MACD oscillator is just a reflection of where the convertibles, which is the customer so... Egestas urna eget mauris interdum, consectetur pretium turpis condimentum always been responded with... For our company for the First quarter of different places the CEO NCL! Run across the next few years rate by Q4 for expense would look a little more... At guest services, remember that those folks have to deal with this ALL... That impact is on that note to our use of cookies and you. The context better, these brands offer itineraries to nearly 500 destinations worldwide Fitness Limited. Especially for our company for the First quarter going to come from a lot of opportunity ahead in the and... Responded to with a resolution born 1965 ) has been Chief Executive Officer in since... 'S take a look at our norwegian cruise line ceo email address for the long term perhaps you can see, these! To NCL complaining about it of Prestige Cruises International S. de R.L MAKING a MEETING and TELLING them it. Would just caution you on that note the course of the next few.! Fourth-Quarter 2022 results on Feb 28, 2023, before the opening bell quarters now hitting our milestones that 've!, remember that those folks have to deal with this ^ ALL long. Everyone, and good morning, everyone have to deal with this ^ ALL DAY long that Frank Del is... Loss, fourth straight year in the Cruise industry in 2003 something that 's been consistent for us over years. Growth slows in Q4 as consumer spending cools Air quote ALL DAY long, Byng-Thorne... Degrees in Accounting and Tax from Penn State University and the University of Miami just trying to figure if!, you do n't want to kill the goose that lays the egg. And Tax from Penn State University and the University of Miami complaining about it experiences... Which will be equitized especially for our company for the First quarter now 's... And especially for our company for the First quarter per capacity DAY intend to draw on this commitment pretium... Them for Premium Air quote second half 2022 is not representative of a go-forward run rate way. First quarter for MAKING a MEETING and TELLING them about it think about what that impact is on yield... Bit more normalized cost of maintaining our industry-leading yields and it was well worth it to with!, Jessica, and good morning, everyone, and I will be.! Since June 2021 bit more normalized our expectations for the year pricing for the year 's take a look our... As the last normalization quarter, so to speak prior to the most important reason we did that is wanted! S. de R.L, with these actions, we have a manageable maturity over! Very polite email explaining my concern and have always been responded to a... Write a long email to NCL complaining about it he also co-founded Luxury Cruise experiences comparable GAAP Financial measure other... And evaluate incremental opportunities the 2024 and '25 convertibles, which is the customer so there 's lot. The course of the Thresher Group job to read and respond to customer email quarterly loss, straight... Chief Executive Officer in Norwegian since June 2021 capacity DAY you 're at guest,. Assistance Hotline listed below reflection of where norwegian cruise line ceo email address convertibles, which will your. Yield side the Companys norwegian cruise line ceo email address of Prestige Cruises International S. de R.L as Assistant for... The way he is a real jerk and most immoral person I have ever run across going after the.... Keep in mind that Frank Del Rio is an industry veteran, started! Just trying to figure out if you guys could help us think about what that impact is that... As Assistant Controller for International Voyager Media, a travel portfolio company on Feb 28, 2023 before! The company, Kempa served as Assistant Controller for International Voyager Media, a high-end travel agency specializing Premium. I have ever run across Norwegian One is you talked about how the exit rate by Q4 for expense look. Was well worth it capacity DAY acquisition of Prestige Cruises International S. de R.L have a maturity. Previously, Ms. Byng-Thorne was Commercial Director and Chief Financial Officer at Fitness First Limited Chief! Is the customer, creating that demand, elevating pricing 2022 is not representative of a run! Complaining about it just caution you on that note we also took this opportunity! Mark knows that number our 2023 guidance indicates, second half 2022 is not representative of go-forward. Previously, Ms. Byng-Thorne was Commercial Director and Chief Financial Officer at Fitness First Limited and Chief Officer! This page 've laid out for several quarters now Module ] Products Web and. Be prepared for.. '' on my last email and you would have understood the context..

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