AsiaNet 63573

SYDNEY, Feb. 26/Medianet International-AsiaNet/ --
 
Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH) reports results for year ended 31 December 2015, and provides guidance for 2016. 
 
Highlights:
 
Fourth Quarter 2015
* Adjusted Net Income of US$117.3 million (US$0.51/share) compared to US$77.6 million in 2014 (US$0.36/share).
 
* Adjusted EPS increased 42% from 2014, exceeding top-end of Company's guidance range.
 
* Constant Currency Adjusted Net Yield, Combined Company basis increased 7.4% (5.9% reported). Adjusted Net Yield, Constant Currency basis increased 16.9% (15.2% reported).
 
* Thirtieth consecutive quarter Adjusted EBITDA growth.
 
* Approximately US$100 million (1.7 million shares) repurchased under three-year, US$500 million share-repurchase program.
 
* Inclusion in NASDAQ-100 Index.
 
Full Year 2015
* Adjusted Net Income of US$662.7 million compared to US$480.6 million in 2014.
 
* 27% increase in Adjusted EPS to US$2.88 up from US$2.27 in 2014, following 61% Adjusted EPS increase in 2014.
 
* 39.0% revenue increase to US$4.3 billion compared to US$3.1 billion in 2014.
 
* 3.7% increase in Constant Currency Adjusted Net Yield, Combined Company basis (2.0% reported). Adjusted Net Yield, Constant Currency basis increased 20.0% (18.0% reported).
 
* 9% Adjusted Return on Invested Capital surpasses Weighted Average Cost of Capital.
 
* Launch of largest ship to date, Norwegian Escape.
 
* New build announced for China market, launching mid-2017.
 
2016 Targets
* Strong booked position continues with encouraging early trends for 2017.
 
* Earnings growth with Adjusted EPS projected to increase approximately 30% generating four-year compounded annual growth of approximately 40%.
 
* Adjusted Net Yield, Constant Currency basis expected to increase approximately 4% (3.5% reported).
 
* Adjusted ROIC projected to reach double digits, on-pace to reach 14% target in 2018, doubling from Company's initial public-offering in 2013.
 
* Revenue expected to double from Company's initial public-offering to $5.0 billion.
 
* Two new ships- Sirena will join Oceania Cruises in second quarter and Seven Seas Explorer will join Regent Seven Seas Cruises in third quarter.
 
* Launch of "Feel Free", Norwegian Cruise Line's new global brand campaign.
 
* Announced ship enhancement programs for Regent Seven Seas Cruises and Norwegian Cruise Line.
 
"2015 was a truly successful year for Norwegian- delivering strong net yield growth driven by go to market strategies aimed at driving demand and the successful launch of the largest ship in our fleet, Norwegian Escape," said Frank Del Rio, President and CEO of NCLH. "Our record fourth quarter
demonstrates how successful our strategies have been."
 
More on NCLH's results and Caution Concerning Forward Looking Statements:
http://www.nclhltdinvestor.com/releasedetail.cfm?ReleaseID=956404
 

SOURCE : Norwegian Cruise Line Holdings Ltd

Contact:
asia.pr@nclcorp.com
+852-3750-7951  


--BERNAMA