But when you look at Q1, you go from Q4 to Q1, it's really a mix impact of where our fleet is operating. Look, this is going to take time, right? "- Cruise Critic Community Guideline. Under his leadership, the company has expanded its fleet with the newest and most innovative ships at sea, introduced the companys latest island destination, Harvest Caye in Belize, and significantly strengthened its global footprint. Now at the same time, we're adding 3 new ships and those have to be filled. Congratulations. You will get a welcome aboard kit on your next NCL cruise. million verified professionals across 35 million companies. Norwegian IT WAS A LACK OF RESPECT. This gives us confidence that not only is the incredible value proposition for cruising resonating with consumers, but the unique and compelling offerings of our 3 brands are also appealing to their respective markets. And I would assume that some portion of that has to -- does that hit your -- half of it hits your yields and then the other half hit cost? On a gross basis, I'm not sure the exact number, maybe Mark knows that number. Turning to Slide 11. Mr. Galbut served as a member of the Board of Directors of Prestige Cruises International, Inc. or its predecessor from September 2005 until Norwegian Cruise Line Holdings Ltd.s acquisition of Prestige in November 2014. Prior to that, he served as Managing Director, Chilton Investment Co. from 2008 through 2010, Managing Director, JP Morgan from 2002 through 2008, Visiting Professor, University of Nevada from 2002 through 2007, Partner/Managing Director, Robertson Stephens from 1998 through 2002, Vice President, Equity Research, Smith Barney from 1995 through 1997 and Vice President, Equity Research, Hanifen Imhoff from 1992 through 1995. 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. Now we're squarely focused on the cost, and that's going to translate to improved margins, which again will then translate ultimately into achieving that pre-pandemic EBITDA per capacity day. I may need to send a complaining email if the contents are good enough. Frank J. Del Rio; President, CEO & Director; Norwegian Cruise Line Holdings Ltd. Harry J. Sommer; President & CEO of Norwegian Cruise Line; Norwegian Cruise Line Holdings Ltd. Jessica John; VP of IR, Corporate Communications & ESG; Norwegian Cruise Line Holdings Ltd. Mark A. Kempa; Executive VP & CFO; Norwegian Cruise Line Holdings Ltd. Charles Patrick Scholes; MD of Lodging, Gaming and Leisure Equity Research & Analyst; Truist Securities, Inc., Research Division, Conor T. Cunningham; Research Analyst; Melius Research LLC, Daniel Brian Politzer; Senior Equity Analyst; Wells Fargo Securities, LLC, Research Division, Frederick Charles Wightman; Research Analyst; Wolfe Research, LLC, James Lloyd Hardiman; Director; Citigroup Inc., Research Division, Paul Alexander Golding; Analyst; Macquarie Research, Robin Margaret Farley; MD and Research Analyst; UBS Investment Bank, Research Division, Steven Moyer Wieczynski; MD of Equity Research and Gaming & Leisure Research Analyst; Stifel, Nicolaus & Company, Incorporated, Research Division. 8:18p Australias economic growth slows in Q4 as consumer spending cools. In terms of pricing, Slide 10, illustrates another strong result in the pricing front with our net per diem growth in the fourth quarter of 2022, up approximately 14% on an as reported basis and up 15% in constant currency over 2019. *Terms & Conditions Package not available on sailings less than 5 days or charter sailings. As we successfully concluded our Great Cruise Comeback with the last vessel in our fleet reentering service midway through the year. Our first question comes from the line of Dan Politzer with Wells Fargo. On 10/14/2019 at 4:49 AM, david_sobe said: On 10/14/2019 at 5:49 AM, david_sobe said: 19952023, The Independent Traveler, Inc. E-mail Address for Frank Del Rio (NCL CEO)? Operator? CC Help Jenn This is expected to translate to adjusted EPS of approximately $0.70 at the midpoint of our guidance. Well, first and foremost, the discussion of issuing equity is a Board decision. Dear Frank Del Rio . Russell W. Galbut currently serves as the Managing Principal of Crescent Heights, one of Americas largest and most respected residential developers of quality condominiums. Previously, Del Rio served as chairman and chief executive officer of Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramers world? Thank you, and have a great day. HE LOOKED RUSHED AND DRANK OF WHAT THE DRINK THAT HE HAD PUT INSIDE THE GLASS. Since 1988, Mr. Aron previously served on the board of directors of more than a dozen companies including Starwood Hotels and Resorts Worldwide, Inc. and on the board of directors of Prestige Cruise Holdings, Inc., the parent company of Oceania Cruises and Regent Seven Seas Cruises. In his approximately 30 years in equity research, during which he developed a wide following, he cultivated a deep knowledge of the cruise industry, the ability to identify investor sentiment and a comprehensive understanding of key drivers of Norwegian Cruise Line Holdings Ltd.s business model. There is no silver bullet in this industry, but it's a lot of little things that can add up and that's what we're squarely focused on going forward. We've covered quite a bit today, so I'll conclude our commentary here and open up the call for your questions. He has been recognized by institutional investors for his financial expertise and innovation in equity research. But nevertheless, there is some unknowns out there. These statements should be considered in conjunction with the cautionary statement contained in our earnings release. Sommer holds an MBA from Pace University and a BBA from Baruch College, both in New York City. Really strong rebound here in the fourth quarter. Visit some of our other popular pages: 11 Reasons to Cruise to Alaska this Summer | NCL Travel Blog, 14-Day Authentic Alaska - Northbound Cruise Tour | Norwegian Cruise Line, 14-Day Authentic Alaska - Southbound Cruise Tour | Deck Plans | Norwegian Cruise Line, 20-Day Transpacific from Tokyo (Yokohama) & Alaska | Norwegian Cruise Line. Thank you, Frank, and good morning, everyone. 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. He also made frequent guest appearances and served as a media resource for organizations such as CNBC, Barrons and the Wall Street Journal. BURN THE FLOOR THE DANCERS SHOW WAS NICE AND PERFECT, BUT IT COULD BE BETTER IF THEY CAN MAKE TWO DIFFERENT SHOWS IN THE SAME WEEK, SO THE GUESTS CAN SEE THEM TWICE IN ANOTHER STYLE, AND THE BEATLES TOO, BECAUSE THERE WERE NIGHTS THAT PEOPLE COULD NOT DO ANYTHING, BUT SITTING ON THE ATRIUM, AFTER HAVE WATCHED THEM. Obviously, you don't want to kill the goose that lays the golden egg, which is the customer. We successfully completed the testing of biodiesel fuel blends on 3 additional ships in our fleet, a promising potential lever to help reduce emissions on our existing fleet. 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. Harry Sommer is President and Chief Executive Officer of Norwegian Cruise Line, the innovator in global cruise travel which has been breaking the boundaries of traditional cruising for more than 50 years. 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. I want to take the opportunity to once again thank our entire team, both shoreside and shipboard for their hard work, dedication and tenacity, which has propelled us forward as we strive to be the vacation of choice for everyone around the world. While the past few years have been unlike anything we could have imagined. 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 SEVERAL GUESTS WERE TALKING SITTED IN THE ATRIUM AND SAYING THAT THIS IS A GREAT RECOMMENDATION, SO WE DO NOT GET BORED FOR MORE THAN AN HOUR WITH NO MUSIC, FOR THE ONES WHO DONT LIKE MOVIES, BINGOS AND THE GAMES, AND CANNOT BE IN THE POOL AREA (DUE TO THE WIND), BECAUSE OTHERS DO PREFER TO BE DANCING INSIDE AND WANT TO BE ENTERTAINED TOO AS THE ONES ON DECK 15. The cruise operato . Both the conference call and presentation will be available for replay for 30 days following today's call. No credit card required. Yes, certainly. Currently working as Senior Business Development Director Tour Operators US at Norwegian Cruise Line in California, United States. Okay. Site. In this position, Mr. Farkas oversees all aspects of the Legal, Risk Management, Corporate Governance and Compliance, Passenger and Crew Claims and the Government Affairs areas of Norwegian Cruise Line. WebAfter the COVID-19 pandemic brought widespread disruption to the travel industry, Norwegian Cruise Line.. World One News Page: Tuesday, 28 February 2023. THANK YOU FOR MAKING A MEETING AND TELLING THEM ABOUT IT. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. Kind of what's changed in how you think about hitting that record EBITDA target as it relates to the guided range? Mr. Farkas holds a Bachelor of Art degree Cum Laude, with honors in English and American Literature from Brandeis University and a Juris Doctorate degree from the University of Miami. That's economics 101, and that's what we're doing. By network looking for misconfigured or infected devices. Well, Steve, you're taking a big chance asking me an accounting question, but I think I'm going to go for it. He graduated cum laude with a BS in Economics from the University of Pennsylvanias Wharton School of Business. Good morning, and welcome to the Norwegian Cruise Line Holdings Fourth Quarter and Full Year 2022 Earnings Conference Call. She was Chief Financial Officer of Trader Media Group (owner of Auto Trader) from 2009 to 2012, and interim Chief Executive Officer from 2012 to 2013. We believe we've done that, which we believe will be a longer-term benefit for all our constituents. Nullam egestas urna eget mauris interdum, consectetur pretium turpis condimentum. Del Rio assumed this role in January 2015. So on the cost, as I said in my prepared remarks, Q1 will be the highest cost quarter. I do have his personal number and will give it to you when I get back home in several weeks. The character limit ensures you won't be seen as a nut job. During his more than 30-year tenure in the industry, Sommer held a variety of executive roles at Norwegian Cruise Line Holdings Ltd., Prestige Cruise Holdings, Renaissance Cruises and Viking River Cruises including Executive Vice President, International Business Development; Executive Vice President and Chief Marketing Officer; Senior Vice President Finance; Chief Information Officer and Chief Accounting Officer. So nothing has changed. WebThese are the executive and consumer service phone and email contacts for Oceania Cruises brought to you by the Elliott Advocacy team. Its standard for any complaint. I'll be back with closing comments a little later. Thank you, John, and good morning, everyone. It is a subsidiary of Norwegian Cruise Line Holdings. This translates to net yield for the year expected to increase in the range of 5% to 6.5%. Before joining Prestige, Ms. Ashby was a Senior Manager at the international public accounting firm of Deloitte. This is Frank. As you can see on Slide 9, in the fourth quarter, our load factor reached 87%, in line with guidance. Del Rio assumed this role in January 2015. Be in the know about the hottest deals, new ships, new itineraries and so much more! So for example, we did not cut the turndown service that you mentioned across all brands or across all cabin categories. Frank Del Rio. Bookings are doing well. Robin, I'll take -- I think there was 2 questions in there. Now that our phased occupancy ramp is nearly complete, and our loyal guests know that cruising in our brands is back and even better than before, we are squarely focused on how to maximize profitability as we embark on a period of transformational growth. It's not just a theoretical comment. It can work depending on the company and the tactic should only be used as a last resort, the fact you are contacting them as a last resort has a l Thank you for your patience and understanding. We hadn't operated the full fleet in 2 years, 0 revenue for 500 days. Thank you, Mark. Corporate office mailing address https://www.ncl.com/about/contact-us Email me next month at findrkelly@gmail.com. And on the other hand, we have economists telling us that we're -- there's a high chance of recession. And just last night, we announced 2 transactions, which further enhance our liquidity and outlined on page -- on Slide 16. Emails to FDR are sent to a guest relations department for response. 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. Lorem ipsum dolor sit amet consectetur adipisicing elit. Astuart@ncl.com i have emailed him a few times and have received a response each time. And to what extent there could be further room in coming years? Prior to joining the Company, Kempa served as Assistant Controller for International Voyager Media, a travel portfolio company. We also have a robust new build pipeline as we just finished discussing. It's only in the lower cabin categories that equate to a lower per diem. 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. From November 2018 through November 2021, he was the Chief Investment Officer, Harris Blitzer Sports and Entertainment. Del Rio has a B.S./B.A. Phone +1*****52. So look, it's management's responsibility to optimize revenue and minimize costs. Lorem ipsum dolor sit amet, consectetur adipiscing elit. ROYAL CARIBBEAN DOES THIS STYLE OF CONCURRENT PARTIES, SO ON POOL DECK THEY HAVE DANCING PARTIES, AND AT THE SAME TIME, ON OTHER LOCATIONS. This represents a nearly 15% decrease as compared to the average of $187 in the second half of 2022. We're here for any questions you may have. Andy or Vivian Ewart, the VP of Passenger Services, are both pretty responsive. And to what extent is your appetite to issue equity relative to debt? Norwegian Cruise Line at Norwegian Cruise Line in Florida, United States. Additional Contacts at Norwegian Cruise Line. Praesent vel lobortis ipsum. From 2004 through 2007, he founded and was the Head of the Specialty Finance Investment business which included principal investing in non-performing loan portfolios and distressed assets. 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're not degrading the product. And our next question comes from the line of James Hardiman with Citi. I'm joined today by Frank Del Rio, President and Chief Executive Officer of Norwegian Cruise Line Holdings; Mark Kempa, Executive Vice President and Chief Financial Officer; and Harry Sommer, President and Chief Executive Officer of Norwegian Cruise Line. ATRIUM IT COULD BE PERFECT FOR A NIGHT PARTY, KIND OF A BAND PLAYING 80S OR 90S MUSIC, SOUL, SALSA, ETC. We believe we've been successful there. An over 30-year cruise industry veteran, Sommer assumed this position in January 2020 and leads sales, marketing, revenue management, passenger services, itinerary development and international business development and operations. Since we last spoke, we have made meaningful progress to advance our commitment to pursue net-zero greenhouse gas emissions. Crescent Heights has been active in over 15 markets from coast-to-coast and has developed over 50,000 residential units, including pioneering the condo hotel concept. Roland It can work depending on the company and the tactic should only be used as a last resort, the fact you are contacting them as a last resort has a lot of weight, you should never start at the CEO but work up to their position. ON SATURDAY 21st, BETWEEN 5:30PM AND 6:00PM, I ASKED FOR A DRINK AT THE POOL BAR, AND TOLD TO THE BARTENDER THAT WAS RUSHED TOO, AND OF COURSE, THAT IS UNDERSTANDABLE, THAT I WOULD LIKE A SOUR DRINK, AND HE DIDNT LET ME FINISH TELLING WHAT I WANTED AND STARTED FILLING THE GLASS WITH A RUM. Can you just remind us which -- I think it's the May '24 and August '25 and how many if that's correct? On one hand, we have a very strong consumer. 7665 Corporate Center Dr, Miami, Florida 33126, US, View Can you just explain again why you dipped into the Apollo financing? Previously, Del Rio served as chairman and chief executive officer of Prestige Cruise Holdings, Inc., the parent company operating both Oceania Cruises and Regent Seven Seas Cruises. (I realize it mayinitially be read by an assistant of his, but I don't just want to send it to somegeneric Guest Relations Department). Unless otherwise noted, my commentary on net per diem, net yield and adjusted net cruise cost, excluding fuel per capacity day metrics is on a constant currency basis. So I'll start with the last one, because that's the one I can remember. Lindsay earned his B.S. Moving to costs. Did you get the pricing benefit that you had expected? We think we can now start paring back on that marketing spend. She has a MBA and BBA with concentrations in accounting from the University of Miami and is a Certified Public Accountant in Florida. Don't flame me if you don't like it. My commentary today will focus on our fourth quarter 2022 financial results, 2023 guidance and the progress on our financial recovery. I knew someone that used to work there and the stories I heard would blow your mind. That makes sense. In this role, he is responsible for NCLs 70 regional employees and the strategic, Gary Anslow joined Norwegian Cruise Line (NCL) in November 2021 and holds the position of Head of UK & Ireland Business. 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. WebFrank J Del Rio, Norwegian Cruise Line: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Europe Anchored by Anna Edwards and Mark If you look at our forward bookings, each quarter in '23 is better booked than the comparable quarter in 2019. Under his leadership, the company has expanded its fleet with the newest and most innovative ships at sea, introduced the companys latest island destination, Harvest Caye in Belize, and significantly strengthened its global footprint. {{ userNotificationState.getAlertCount('bell') }}. And now we are squarely focused on rightsizing our cost base. PEOPLE NOTICED IT. So it's going to come from a lot of different places. 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. He held the position of Chief Financial Officer (CFO) since April 2018, and served As I mentioned in my prepared remarks, we've seen very, very strong record -- new record booking levels dating back to November. So first and foremost, it was $250 million, which when you look at our overall debt structure, it's really minimal. Please provide specific airlines and flight numbers desired. Cruise Lines Modify Cancellation Policies For Better Flexibility; Cruise Lines Roll Out Virtual Content During Coronavirus Shutdown; 2020 Alaska Cruise Season Suffers as Cruise Lines Struggle With Deployment; Cruise Ships Redeploy following Alaska Cancellations; Cruise Industry Prepares New Health Framework For Future of Cruising And then as we look forward sequentially, we expect those costs to decrease each quarter as some of our initiatives gain hold and take place. President and Chief Executive Officer Norwegian Cruise Line. One new build being introduced for each brand this year alone and we all know new ships and above surrounding new ships have historically brought outsized attention to the brand. Before we wrap up our prepared remarks, I'd like to provide an update on our global sustainability program, Sail & Sustain, which Slide 19 outlines a few key highlights. 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. We're -- I like into this is we're in uncharted territory in the world. Our comments may also reference non-GAAP financial measures. You may ask why start this initiative now? Completing the requested steps helps confirm that everything is ok. This website uses cookies. Prior to joining NCLH, Lynn served as the senior tax and risk management executive at Royal Caribbean International and Celebrity Cruises for 18 years after beginning her career at Price Waterhouse. WebPresident 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 And what -- how many shares are added from each of those, if those are the correct ones and roughly at what quarter might you expect that to occur? Del Rio has a B.S./B.A. And for clarification, that does include an adjustment for the new builds that we take delivery of in this year since we do not have the full earnings potential. (business & personal). Okay. EMBARK with We're very excited about the technology. I was contacted directly by the hotel manager within the hour and two hours later theChief Operating Officer for north Europe contacted me saying the director had passed my complain to him and he wanted to ensure the hotel manager had resolved my complain. As we look to the future, we're on a period of transformational growth. Mr. Farkas joined Norwegian in January 2004 and previously held the positions of Senior Vice President, Vice President and Assistant General Counsel. And I guess what I'm getting at is we've read out there, you guys have taken some action on board, whether that's cutting things like entertainment or servicing cabins, things like that, which I assume is being done to reduce costs. "ALL CAPS 3. And this is Harry again. No credit card required. Before joining Prestige, Ms. Ashby was a Senior Manager at the international public accounting firm of Deloitte. Full year 2022 earnings conference call and presentation will be a longer-term benefit for all our constituents Operators us Norwegian! 'S call welcome norwegian cruise line ceo email address kit on your next NCL Cruise are both pretty.... And innovation in equity research emails to FDR are sent to a relations! Number and will give it to you when I get back home in several weeks on next..., and good morning, and good morning, everyone the may '24 and August '25 and how if! And consumer service phone and email contacts for Oceania Cruises brought to you when I get back in... 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