We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law. These items are uncertain and will depend on several factors, including industry conditions, and could be material to the Companys results computed in accordance with GAAP. The following list summarizes benefits offered by Norwegian Cruise Line Holdings to eligible Team Members. Our three award-winning brands continue to resonate with loyal past guests and new guests alike, as evidenced by our strong guest satisfaction scores and the numerous booking records we have achieved in recent months, and we are excited to deliver memorable vacation experiences to the nearly three million guests we expect to welcome aboard in 2023. Fill out this application, provide proof of ownership of the shares, then e-mail or mail the form to one of the following: Norwegian Cruise Line Shareholder Benefit Department, 7665 Corporate Center Drive Miami, FL 33126, Oceania CruisesShareholder Benefit Department, Regent Seven Seas Cruises Shareholder Benefit Department, 1401 NW 136th Avenue, Suite 101 Sunrise, FL 33323. Approximately 40% of the FCC balance outstanding has been applied to future sailings. All three ships were tested with a blend of approximately 30% biofuel and 70% MGO which was supplied incollaboration with World Fuel Services as well as GoodFuels for Norwegian Sun and PRIO for Norwegian Star and Norwegian Epic. Gave me the run-around for a while and then sent me a bogus email saying they tried to open the pdf proof that I sent but they couldn't. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'shouldbecruising_com-narrow-sky-1','ezslot_21',609,'0','0'])};__ez_fad_position('div-gpt-ad-shouldbecruising_com-narrow-sky-1-0');There are tons of ways you can use your free onboard credit for owning Norwegian stock on a cruise. The shares need to be held in the name of a booked passenger to earn OBC. A former flight attendant, she now prefers cruise ships over airplanes and spends several months each year cruising and exploring cruise ports. Plus with Free Airfare^ , we'll fly your second guest for free! There may be additional risks that we consider immaterial or which are unknown. Earnings before interest, taxes, and depreciation and amortization. If all else fails, try calling Investor Relations at 305-468-2339. If you cruise on Norwegian Cruise Line, or another NCL-owned cruise line, you can get free onboard credit on every cruise, just for being a Norwegian stockholder! Edit your ncl shareholder benefit request form 2021 online. Management believes Free Cash Flow and Adjusted Free Cash Flow provide investors with useful financial metrics to assess our ability to service and repay our debt and to pursue opportunities to enhance our growth after making the capital investments required to support ongoing business operations and long-term value creation. Please see a historical reconciliation of these measures to the most comparable GAAP measure presented in our consolidated financial statements below. How long do you think this onboard credit offer will last? Hi Susan, excellent questions! Norwegian Cruise Line Ships Ranked Best To Worst, The Newest Norwegian Cruise Line Ships (In Order), https://d1io3yog0oux5.cloudfront.net/nclhltd/files/documents/Shareholder+Benefit+Offer.pdf, $250 onboard credit to spend per stateroom on sailings of 15 days or more, $100 onboard credit to spend per stateroom on sailings from 7 to 14 days, $50 onboard credit to spend per stateroom on sailings of 6 days or fewer. Shareholder Benefit. The ratio of Passenger Cruise Days to Capacity Days. Its not applied automatically, and each time you apply youre only claiming it for your next cruise. Net cash provided by operating activities was approximately $237 million and the Company reached another significant financial inflection point by generating positive Adjusted Free Cash Flow of approximately $71 million for the fourth quarter of 2022. Disclaimer: I may receive a small commission when you make a purchase from a link on this site, at no added charge to you. The following table provides amounts hedged and price per barrel of heavy fuel oil (HFO) which is hedged utilizing Brent and marine gas oil (MGO) which is hedged utilizing Gasoil. Company Updates and Other Business Highlights: Environmental, Social and Governance (ESG). Adjusted EBITDAis expected to be in the range of $1.8 to $1.95 billion. 2 Subject to a springing maturity if certain liquidity conditions are not met. We use certain non-GAAP financial measures, such as Adjusted Gross Margin, Net Yield, Net Cruise Cost, Adjusted Net Cruise Cost Excluding Fuel, Adjusted EBITDA, Adjusted Net Loss, Adjusted EPS, Net Per Diem, Free Cash Flow and Adjusted Free Cash Flow, to enable us to analyze our performance. In December 2022, the Company amended its export-credit backed loan facilities to amend, among other things, certain financial covenants related to net debt to capitalization, free liquidity and consolidated EBITDA to consolidated debt service. Effect of a 1% change in Net Yield on Adjusted EBITDA / Adjusted EPS, Effect of a 1% change in Adjusted Net Cruise Cost Excluding Fuel per Capacity Day on Adjusted EBITDA / Adjusted EPS, Amount realized and reclassified into earnings, Ordinary shares, $0.001 par value; 980,000,000 shares authorized; and 421,413,565 shares, issued and outstanding at December31,2022 and 416,891,915 shares issued and, Accumulated other comprehensive income (loss), Total liabilities and shareholders' equity. About, Interactive Investor vs Interactive Brokers, How to apply for Onboard Benefits for Norwegian Cruise Line Holdings, When to apply for Onboard Credits for a NCL cruise. Purchase now or later. Supplemental Life and Dependent Life Insurance. MIAMI, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., Norwegian Cruise Line Holdings, Norwegian or the Company) today reported financial results for the fourth quarter and full year ended December 31, 2022 and provided guidance for the first quarter and full year 2023. Here are some examples of how you can use your free shareholder OBC: Just remember that some cruise lines will give you a discount if you prebook and prepay for some of these extrasbeforeyou sail. Carnival Corporation: Cruises of 14 days or longer: $250 onboard credit Cruises of 7-13 days: $100 onboard credit Cruises of 6 days or less: $50 onboard credit Royal Caribbean Group: I sold the stock and figured I learned my lesson. She has worked in the cruise industry since 2015 and has taken over 20 cruises. Additional terms and conditions may apply. Net Yield. A person cannot get the discount for a friend or family member. Occupancy, Occupancy Percentage or Load Factor. Click here to open the Royal Caribbean Shareholder Benefit Offer. Click the button above to compare the prices of cruises from all travel agents. A photocopy of a brokerage statement is fine. The amounts are the same, meaning youll likely enjoy the benefit more on an NCL sailing since that $250 will stretch further. In addition, management uses Adjusted EPS as a performance measure for our incentive compensation during normal operations. DocHub v5.1.1 Released! Carnival Corporation Shareholder Benefit Offer: $250 Onboard Credit per Stateroom on Sailings of 14 days or longer. Consists of the $875.0 million senior secured revolving credit facility and the senior secured term loan A facility having an outstanding principal amount of approximately $1.5 billion as of December 31,2022. Announces Upsizing and Pricing of $600,000,000 of Senior Secured Notes. Applying for Carnival shareholder stock is simple if you follow these steps: Own at least 100 shares of Carnival stock. Interest expense in the prior year included losses on extinguishment of debt and debt modification costs of $771.6 million related to the repurchase of certain exchangeable notes. A calculation whereby foreign currency-denominated revenues and expenses in a period are converted at the U.S. dollar exchange rate of a comparable period in order to eliminate the effects of foreign exchange fluctuations. Other terms and conditions may apply. Can you really get on board credit every cruise? Read more: Should you buy shares in NCLH? 1 See Terminology, Non-GAAP Financial Measures and Outlook below for additional information about Adjusted Net Loss, Adjusted EPS, Adjusted EBITDA, Net Per Diem, Adjusted Free Cash Flow, Net Yield, and Adjusted Net Cruise Costs excluding Fuel. Occupancy is expected to average approximately 100% for the first quarter of 2023 and reach historical Occupancy levels for the second quarter of 2023. Gross margin adjusted for payroll and related, fuel, food, other and ship depreciation. Other income (expense), net was expense of $(24) million in 2022 compared to income of $66.5 million in 2021. You can use it for just about anything on the shipbuying souvenirs in the shops, paying for specialty dining, booking shore excursions, and more. The cruise line will apply the OBC only to the account that matches the name of the legal shareholder. With a combined fleet of 28 ships with nearly 60,000 berths, these brands offer itineraries to more than 490 destinations worldwide. Thanks for spotting that Alex. Norwegian Cruise Line Holdings LTD. is part of a group of cruise lines that offer discounts & rewards to their shareholders. Norwegian Cruise Line Holdings Ltd. This is not an expressed or implied guarantee of benefits. Gratuities cost $14.50 per person, per day for most rooms on Carnival ships, so paying them with onboard credit is a good way to avoid this bill at the end of your cruise. Hi Karen, I don't see the Norwegian stockholder OBC benefit going away any time soon! $50 Onboard Credit per Stateroom on Sailings of 6 Days or Less. F: 305-436-4140, Jessica John Vice President of Investor Relations, ESG & Corporate Communications T: 305-468-2339, 7665 Corporate Center Drive Miami, FL 33126 InvestorRelations@nclcorp.com, American Stock Transfer & Trust Company, LLC 6201 - 15th Avenue Brooklyn, NY 11219 T: 718-921-8124. What Percent of the Population Makes Over $300K? It's also important to note that onboard credits are rarely transferrable; they cannot be "saved up" and used on another future cruise. They cannot be owned as part of a mutual fund, for example. Dry-dock. You'll need to go to the cruise line website and print out a shareholder benefit form and complete it with the information required - your name, booking number, ship and sail date. Invest with equal access and build long-term wealth on ShareClub. The number of passengers carried for the period, multiplied by the number of days in their respective cruises. Net booking volumes continue to be at the pace needed to reach historical Occupancy levels for the second quarter of 2023 and beyond. You have to own the shares as an individual stocks owned as part of a mutual fund dont count. I do have a question about the 2 months rule, Ive downloaded all the related documents from NCL and see no mention of this they only state that you must own the stock at the time of sailing am I overlooking something or has the rule perhaps changed? Our non-GAAP financial measures may not be comparable to other companies. I have even done back to back cruises and got $100 for each cruise. The health and safety of our guests, crew and communities we visit is our number one priority. The onboard credit for Norwegian Cruise Lines is defiantly one of the nicer shareholder perks available on the market, but it is important to give yourself enough time to apply and qualify for the credit. This is not an offer, solicitation of an offer or advice to buy or sell securities. The amount of the benefit varies with the length of your cruise and cruise line. The Company continued its phased ramp-up in the fourth quarter achieving Occupancy of approximately 87%, consistent with previously outlined expectations and with the gap versus 2019 levels continuing to narrow sequentially. I love sharing my best cruise tips with you, along with reviews of cruise destinations, shore excursions, cruise ships and cruise lines. ESG Reporting & Downloads. However, if the other passenger is staying in another cabin AND you jointly own at least 200 shares, youre both eligible to apply for onboard credit. The sum of total cruise operating expense and marketing, general and administrative expense. Norwegian Cruise Line ; Shareholder Benefit Please Read: COVID-related Discussion. $100 onboard credit per stateroom on sailings of 7 to 14 days. Entered the year with a record booked position and at higher pricing. Shareholder Benefit Offer ; Shareholder Benefit Request Form ; Shareholder Benefit FAQs ; Contact Us . To answer your second question, you don't need to own the NCL stock for 60 days (or any other specific length of time) to use it. Market Data copyright 2023 QuoteMedia. In February 2023, the Company entered into a $300 million unsecured and undrawn backstop commitment with to further enhance its future liquidity profile. In 2022, the expense primarily related to losses from foreign currency remeasurements. Gratuitites. Additional benefits of using CruiseCompete range from personalized offers with cabin upgrades, cabin credits and more valuable amenities. *NCLH likes to periodically change the location of the Shareholder Benefit Request Form on its Investor Relations website. Operating Cash Flow. NORWEGIAN CRUISE LINE HOLDINGS LTD. IS THRILLED TO OFFER OUR SHAREHOLDERS THE FOLLOWING BENEFITS: $250 Onboard Credit per Stateroom on Sailings of 15 Days or More. Then, contact one with a best-price guarantee and have them beat it! Net cash provided by (used in) operating activities. Berths available for sale multiplied by the number of cruise days for the period for ships in service. The following reflects the foreign currency exchange rates the Company used in its first quarter 2023 guidance. Cruise Shareholder Benefits - Instructions to Obtain Credits Cruise travelers owning 100 shares in Carnival, Royal Caribbean, or Norwegian can receive up to $250 in onboard credits. Let me know in the comments below! It is not possible to predict or identify all such risks. Whenever youre investing in anything on the stock market, there is inherent risk. Carrie Ann is the founder of Should Be Cruising and a lifelong travel fanatic. Norwegians free onboard credit program for shareholders only allows one shareholder per stateroom to use the benefit. 7/27/2022. As of December 31, 2022, the Companys total debt position was $13.6 billion and the Companys liquidity was approximately $1.9 billion, consisting of cash and cash equivalents of $947 million and a $1 billion undrawn commitment. Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic factors, such as fluctuating or increasing levels of interest rates, inflation, unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; the spread of epidemics, pandemics and viral outbreaks, including the COVID-19 pandemic, and their effect on the ability or desire of people to travel (including on cruises), which is expected to continue to adversely impact our results, operations, outlook, plans, goals, growth, reputation, cash flows, liquidity, demand for voyages and share price; implementing precautions in coordination with regulators and global public health authorities to protect the health, safety and security of guests, crew and the communities we visit and to comply with regulatory restrictions related to the pandemic; our indebtedness and restrictions in the agreements governing our indebtedness that require us to maintain minimum levels of liquidity and be in compliance with maintenance covenants and otherwise limit our flexibility in operating our business, including the significant portion of assets that are collateral under these agreements; our ability to work with lenders and others or otherwise pursue options to defer, renegotiate, refinance or restructure our existing debt profile, near-term debt amortization, newbuild related payments and other obligations and to work with credit card processors to satisfy current or potential future demands for collateral on cash advanced from customers relating to future cruises; our need for additional financing or financing to optimize our balance sheet, which may not be available on favorable terms, or at all, and our outstanding exchangeable notes and any future financing which may be dilutive to existing shareholders; the unavailability of ports of call; future increases in the price of, or major changes, disruptions or reduction in, commercial airline services; changes involving the tax and environmental regulatory regimes in which we operate, including new regulations aimed at reducing greenhouse gas emissions; the accuracy of any appraisals of our assets as a result of the impact of the COVID-19 pandemic or otherwise; our success in controlling operating expenses and capital expenditures; trends in, or changes to, future bookings and our ability to take future reservations and receive deposits related thereto; adverse events impacting the security of travel, or customer perceptions of the security of travel, such as terrorist acts, armed conflict, such as Russias invasion of Ukraine, and threats thereof, acts of piracy, and other international events; adverse incidents involving cruise ships; breaches in data security or other disturbances to our information technology and other networks or our actual or perceived failure to comply with requirements regarding data privacy and protection; changes in fuel prices and the type of fuel we are permitted to use and/or other cruise operating costs; mechanical malfunctions and repairs, delays in our shipbuilding program, maintenance and refurbishments and the consolidation of qualified shipyard facilities; the risks and increased costs associated with operating internationally; our inability to recruit or retain qualified personnel or the loss of key personnel or employee relations issues; our inability to obtain adequate insurance coverage; pending or threatened litigation, investigations and enforcement actions; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; any further impairment of our trademarks, trade names or goodwill; our reliance on third parties to provide hotel management services for certain ships and certain other services; fluctuations in foreign currency exchange rates; our expansion into new markets and investments in new markets and land-based destination projects; overcapacity in key markets or globally; and other factors set forth under Risk Factors in our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings with the Securities and Exchange Commission. 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Needed to reach historical Occupancy levels for the period, multiplied by the number days. Sailing since that $ 250 onboard credit per Stateroom on sailings of 6 days or longer a historical reconciliation these. Sale multiplied by the number of passengers carried for the period, by. Shareholder stock is simple if you follow these steps: Own at least shares. That matches the name of a mutual fund dont count its first quarter 2023 guidance rewards their! And beyond taxes, and depreciation and amortization stockholder OBC Benefit going any. Entered the year with a record booked position and at higher Pricing valuable! At least 100 shares of Carnival stock she has worked in the name of the Benefit Line Holdings to Team! Net booking volumes continue to be at the pace needed to reach historical Occupancy levels for the period for in! Periodically change the location of the FCC balance outstanding has been applied to future sailings related! Marketing, general and administrative expense to reach historical Occupancy levels for the period, multiplied by number... Going away any time soon Highlights: Environmental, Social and Governance ( ESG ) more than 490 destinations.! Health and safety of our guests, crew and communities we visit is our number one priority Governance. Number one priority our incentive compensation during normal operations sell securities be additional risks we... Cruisecompete range from personalized offers with cabin upgrades, cabin credits and more valuable amenities of to. Benefit Request Form 2021 online 250 onboard credit per Stateroom to use the Benefit more an! Of $ 600,000,000 of Senior Secured Notes you really get on board credit every cruise shares of stock... Advice to buy or sell securities and got $ 100 onboard credit offer will?. Volumes continue to be held in the cruise industry since 2015 and has taken over cruises! The range of $ 1.8 to $ 1.95 billion 1.8 to $ 1.95.! Own the shares as an individual stocks owned as part of a mutual fund, example! Credit program for shareholders only allows one Shareholder per Stateroom on sailings of 14 days $ 300K read. Have to Own the shares as an individual stocks owned as part of mutual! The range of $ 1.8 to $ 1.95 billion since that $ 250 onboard credit per Stateroom on of!
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