Q4' & 12M 2025 Financial & Operating Results March 6,2026 Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "intends," and similar expressions are intended to id ...

Core Viewpoint - Norwegian Cruise Line Holdings Ltd. has entered into an agreement with Fincantieri for the design and construction of three new cruise ships, enhancing its long-term fleet growth strategy through 2037 [1][3] Fleet Development - The order includes one ship for each of the company's three brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, with deliveries scheduled between 2036 and 2037 [2][4] - Following this agreement, the company now has a total of 17 newbuilds on order, with eight for Norwegian Cruise Line, five for Oceania Cruises, and four for Regent Seven Seas Cruises [4][7] Financial Strategy - The agreement allows the company to secure valuable shipyard capacity while maintaining financial discipline and driving sustainable shareholder value [3] - The new ship order is expected to support a 4% compound annual growth rate (CAGR) from 2026 through 2037, aligning with the company's measured approach to fleet expansion [4] Ship Specifications - The new ships will include various classes with different gross tonnage and berth capacities, such as: - Norwegian Luna (~156,000 gross tons, ~3,565 berths) in Q1 2026 - Seven Seas Prestige (~77,000 gross tons, ~822 berths) in Q4 2026 - Norwegian Aura (~170,000 gross tons, ~3,880 berths) in 2027 [5][6] Market Position - The company operates a combined fleet of 34 ships with over 71,000 berths, offering itineraries to approximately 700 destinations worldwide [7]

Financial Performance - The company's TCE for Q3 2025 was USD 236 million, an increase from USD 208 million in Q2 2025[7] - EBITDA for Q3 2025 reached USD 152 million, up from USD 127 million in Q2 2025[7] - Net profit for Q3 2025 was USD 78 million, compared to USD 59 million in Q2 2025[7] - The company's basic earnings per share increased to USD 0.79 in Q3 2025, from USD 0.60 in Q2 2025[30] - The dividend per share increased to USD 0.62 in Q3 2025, from USD 0.40 in Q2 2025, with a dividend payout ratio of 78%[30] Market Dynamics - Trade volumes in Q3 increased by 4% compared to Q2 and 2% year-over-year[16] - The product tanker capacity trading CPP is down by 1% versus nominal fleet growth of 5%[26] Fleet and Strategy - The company's fleet size remained constant at 88 vessels between Q2 and Q3 2025[7] - The company acquired one 2010-built LR2 and four 2014-built MR vessels and sold one 2007-built MR vessel[9] Outlook - The company expects TCE earnings to be USD 875 - 925 million and EBITDA to be USD 540 - 590 million for 2025[54] - 55% of Q4 2025 is covered at USD 30,156 per day[53]