March 3, 2026 0 Colors Q4 and FY 2025 Earnings Presentation 176 6 48 0 46 94 69 99 126 129 129 129 174 174 174 220 220 220 Disclaimers and additional information 1 Colors 176 6 48 0 46 94 69 99 126 Forward-looking statements Certain statements in this presentation constitute "forward-looking statements" within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statem ...

Financial Highlights - Full year 2024 adjusted gross margin growth was 140% compared to 2023[10] - Full year 2024 adjusted EBITDA growth was 237% compared to 2023[10] - Full year 2024 net leverage was 24x[10] - Full year 2024 ROIC was 408%[10] - Q4 2024 total revenue reached $135 billion compared to $112 billion in Q4 2023[18] - Full year 2024 total revenue reached $5334 billion compared to $4710 billion in 2023[18] - Full year 2024 net income was $153 million, a significant improvement from a loss of $185 billion in 2023[18] Market Position - Viking has over 50% direct bookings[13] - Viking holds 24% of the luxury ocean market share[13] - Viking has 52% of the North American outbound river market share[13] Future Outlook - Advance bookings for 2025 are strong, with $53 billion already booked[26] - Capacity PCD increase of 12% for 2025[26] - 88% of capacity PCDs for 2025 have already been sold[26]