2016 Annual Report for Norwegian Cruiseline Holdings - IX

SYDNEY HARBOR,
NEW HOME TO NORWEGIAN JEWEL 2017

the waters of our 49th state, and will accommodate approximately
4,000 guests, ushering in a new era of Alaska cruising beginning
June 2018. Norwegian Bliss will sail in Alaska seasonally, with sevenday cruises each Saturday from Pier 66 in Seattle, offering guests the
premier way to see America's Last Frontier. Beginning winter 2018,
she will seasonally homeport in Miami with voyages to the Caribbean.
Continuing its tradition of featuring original artwork on its ships'
hulls, Norwegian Cruise Line recently revealed the signature art
"Cruising with the Whales," designed for Norwegian Bliss by one of
the world's premier marine life artists, Wyland. This beautiful work of
art features a stunning image of a mother humpback whale and her
calf as the centerpiece of the design, signifying the beauty of Alaska
and the importance of conservation. The importance of protecting
the ocean's delicate ecosystems is paramount to us, and in 2017
we will continue our dedication to protecting the environment with
plans to expand our environmental program.

NORWEGIAN BLISS
ARRIVING 2018

NEXT GENERATION OF NEW SHIPS
FOR NORWEGIAN CRUISE LINE
Further solidifying our long-term newbuild growth strategy, we've
entered into an agreement with Fincantieri S.p.A. to build the next
generation of ships for the Norwegian Cruise Line brand. Four
ships are on order for delivery in 2022, 2023, 2024 and 2025,
with an option for two additional ships to be delivered in 2026
and 2027. These 140,000 gross ton ships will carry approximately
3,300 passengers and will build upon the highly successful
platform of freedom and flexibility that has made the Breakaway
Plus Class ships so successful. The contract price for each vessel is
approximately ¤800 million at favorable financing. Our disciplined
newbuild pipeline is expected to drive future returns and further
enhance our already attractive growth profile, with capacity
additions spread over nine years.

POSITIONED FOR SUCCESS
I am very proud of our many accomplishments in 2016, and am
confident we are well positioned for another historic and recordbreaking year, one where we expect to continue our trajectory of
delivering consistent and industry-leading financial performance.
2017 will be an exciting year, and we look forward to updating you
on our continued success.

Thank you all for your continued support.

Frank Del Rio

GREAT STIRRUP CAY
LUXURY BEACH VILLA

Table of Contents for the Digital Edition of 2016 Annual Report for Norwegian Cruiseline Holdings

Contents
2016 Annual Report for Norwegian Cruiseline Holdings - Cover1
2016 Annual Report for Norwegian Cruiseline Holdings - Cover2
2016 Annual Report for Norwegian Cruiseline Holdings - I
2016 Annual Report for Norwegian Cruiseline Holdings - II
2016 Annual Report for Norwegian Cruiseline Holdings - III
2016 Annual Report for Norwegian Cruiseline Holdings - IV
2016 Annual Report for Norwegian Cruiseline Holdings - V
2016 Annual Report for Norwegian Cruiseline Holdings - VI
2016 Annual Report for Norwegian Cruiseline Holdings - VII
2016 Annual Report for Norwegian Cruiseline Holdings - VIII
2016 Annual Report for Norwegian Cruiseline Holdings - IX
2016 Annual Report for Norwegian Cruiseline Holdings - X
2016 Annual Report for Norwegian Cruiseline Holdings - XI
2016 Annual Report for Norwegian Cruiseline Holdings - Contents
2016 Annual Report for Norwegian Cruiseline Holdings - 1
2016 Annual Report for Norwegian Cruiseline Holdings - 2
2016 Annual Report for Norwegian Cruiseline Holdings - 3
2016 Annual Report for Norwegian Cruiseline Holdings - 4
2016 Annual Report for Norwegian Cruiseline Holdings - 5
2016 Annual Report for Norwegian Cruiseline Holdings - 6
2016 Annual Report for Norwegian Cruiseline Holdings - 7
2016 Annual Report for Norwegian Cruiseline Holdings - 8
2016 Annual Report for Norwegian Cruiseline Holdings - 9
2016 Annual Report for Norwegian Cruiseline Holdings - 10
2016 Annual Report for Norwegian Cruiseline Holdings - 11
2016 Annual Report for Norwegian Cruiseline Holdings - 12
2016 Annual Report for Norwegian Cruiseline Holdings - 13
2016 Annual Report for Norwegian Cruiseline Holdings - 14
2016 Annual Report for Norwegian Cruiseline Holdings - 15
2016 Annual Report for Norwegian Cruiseline Holdings - 16
2016 Annual Report for Norwegian Cruiseline Holdings - 17
2016 Annual Report for Norwegian Cruiseline Holdings - 18
2016 Annual Report for Norwegian Cruiseline Holdings - 19
2016 Annual Report for Norwegian Cruiseline Holdings - 20
2016 Annual Report for Norwegian Cruiseline Holdings - 21
2016 Annual Report for Norwegian Cruiseline Holdings - 22
2016 Annual Report for Norwegian Cruiseline Holdings - 23
2016 Annual Report for Norwegian Cruiseline Holdings - 24
2016 Annual Report for Norwegian Cruiseline Holdings - 25
2016 Annual Report for Norwegian Cruiseline Holdings - 26
2016 Annual Report for Norwegian Cruiseline Holdings - 27
2016 Annual Report for Norwegian Cruiseline Holdings - 28
2016 Annual Report for Norwegian Cruiseline Holdings - 29
2016 Annual Report for Norwegian Cruiseline Holdings - 30
2016 Annual Report for Norwegian Cruiseline Holdings - 31
2016 Annual Report for Norwegian Cruiseline Holdings - 32
2016 Annual Report for Norwegian Cruiseline Holdings - 33
2016 Annual Report for Norwegian Cruiseline Holdings - 34
2016 Annual Report for Norwegian Cruiseline Holdings - 35
2016 Annual Report for Norwegian Cruiseline Holdings - 36
2016 Annual Report for Norwegian Cruiseline Holdings - 37
2016 Annual Report for Norwegian Cruiseline Holdings - 38
2016 Annual Report for Norwegian Cruiseline Holdings - 39
2016 Annual Report for Norwegian Cruiseline Holdings - 40
2016 Annual Report for Norwegian Cruiseline Holdings - 41
2016 Annual Report for Norwegian Cruiseline Holdings - 42
2016 Annual Report for Norwegian Cruiseline Holdings - 43
2016 Annual Report for Norwegian Cruiseline Holdings - 44
2016 Annual Report for Norwegian Cruiseline Holdings - 45
2016 Annual Report for Norwegian Cruiseline Holdings - 46
2016 Annual Report for Norwegian Cruiseline Holdings - 47
2016 Annual Report for Norwegian Cruiseline Holdings - 48
2016 Annual Report for Norwegian Cruiseline Holdings - 49
2016 Annual Report for Norwegian Cruiseline Holdings - 50
2016 Annual Report for Norwegian Cruiseline Holdings - 51
2016 Annual Report for Norwegian Cruiseline Holdings - 52
2016 Annual Report for Norwegian Cruiseline Holdings - 53
2016 Annual Report for Norwegian Cruiseline Holdings - F-1
2016 Annual Report for Norwegian Cruiseline Holdings - F-2
2016 Annual Report for Norwegian Cruiseline Holdings - F-3
2016 Annual Report for Norwegian Cruiseline Holdings - F-4
2016 Annual Report for Norwegian Cruiseline Holdings - F-5
2016 Annual Report for Norwegian Cruiseline Holdings - F-6
2016 Annual Report for Norwegian Cruiseline Holdings - F-7
2016 Annual Report for Norwegian Cruiseline Holdings - F-8
2016 Annual Report for Norwegian Cruiseline Holdings - F-9
2016 Annual Report for Norwegian Cruiseline Holdings - F-10
2016 Annual Report for Norwegian Cruiseline Holdings - F-11
2016 Annual Report for Norwegian Cruiseline Holdings - F-12
2016 Annual Report for Norwegian Cruiseline Holdings - F-13
2016 Annual Report for Norwegian Cruiseline Holdings - F-14
2016 Annual Report for Norwegian Cruiseline Holdings - F-15
2016 Annual Report for Norwegian Cruiseline Holdings - F-16
2016 Annual Report for Norwegian Cruiseline Holdings - F-17
2016 Annual Report for Norwegian Cruiseline Holdings - F-18
2016 Annual Report for Norwegian Cruiseline Holdings - F-19
2016 Annual Report for Norwegian Cruiseline Holdings - F-20
2016 Annual Report for Norwegian Cruiseline Holdings - F-21
2016 Annual Report for Norwegian Cruiseline Holdings - F-22
2016 Annual Report for Norwegian Cruiseline Holdings - F-23
2016 Annual Report for Norwegian Cruiseline Holdings - F-24
2016 Annual Report for Norwegian Cruiseline Holdings - F-25
2016 Annual Report for Norwegian Cruiseline Holdings - F-26
2016 Annual Report for Norwegian Cruiseline Holdings - F-27
2016 Annual Report for Norwegian Cruiseline Holdings - F-28
2016 Annual Report for Norwegian Cruiseline Holdings - F-29
2016 Annual Report for Norwegian Cruiseline Holdings - F-30
2016 Annual Report for Norwegian Cruiseline Holdings - F-31
2016 Annual Report for Norwegian Cruiseline Holdings - F-32
2016 Annual Report for Norwegian Cruiseline Holdings - F-33
2016 Annual Report for Norwegian Cruiseline Holdings - F-34
2016 Annual Report for Norwegian Cruiseline Holdings - F-35
2016 Annual Report for Norwegian Cruiseline Holdings - F-36
2016 Annual Report for Norwegian Cruiseline Holdings - F-37
2016 Annual Report for Norwegian Cruiseline Holdings - Cover3
2016 Annual Report for Norwegian Cruiseline Holdings - Cover4
https://www.nxtbook.com/nxtbooks/ncl/deckbydeck_2024_aunz
https://www.nxtbook.com/nxtbooks/ncl/deckbydeck_2024_asia
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https://www.nxtbook.com/nxtbooks/ncl/deckbydeck_2023q4
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https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_ce_2022-2024
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https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_de_2022-2024
https://www.nxtbook.com/nxtbooks/ncl/aunz_cruisetheworld
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2022-2024
https://www.nxtbook.com/nxtbooks/ncl/mea_itineraryguide_22-24_hebrew
https://www.nxtbook.com/nxtbooks/ncl/mea_itineraryguide_22-24
https://www.nxtbook.com/nxtbooks/ncl/partners_first_handbook
https://www.nxtbook.com/nxtbooks/ncl/discover_hawaii_southpacific_22-23_japan
https://www.nxtbook.com/nxtbooks/ncl/discover_europe_22-23_asia
https://www.nxtbook.com/nxtbooks/ncl/charters_meetings_incentives_2021_aunz
https://www.nxtbook.com/nxtbooks/ncl/charters_meetings_incentives_hawaii_aunz
https://www.nxtbook.com/nxtbooks/ncl/europe_destination_guide_aunz_22-23
https://www.nxtbook.com/nxtbooks/ncl/CRUCEROSPORTODOELMUNDO2022_2023
https://www.nxtbook.com/nxtbooks/ncl/charters_meetings_incentives_2021_german
https://www.nxtbook.com/nxtbooks/ncl/kreuzfahrten_weltweit_2223
https://www.nxtbook.com/nxtbooks/ncl/discover_alaska_2223
https://www.nxtbook.com/nxtbooks/ncl/charters_meetings_incentives_2021
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2022-2023_072021
https://www.nxtbook.com/nxtbooks/ncl/cruise_the_world
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023_japanese_lr
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023_asia
https://www.nxtbook.com/nxtbooks/ncl/mea_cruise_guide
https://www.nxtbook.com/nxtbooks/ncl/cruceros_2021_2023
https://www.nxtbook.com/nxtbooks/ncl/deckbydeckmea_2021
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023_latam
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023_uk
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023_japanese
https://www.nxtbook.com/nxtbooks/ncl/deckbydeckasia_2021
https://www.nxtbook.com/nxtbooks/ncl/deckbydeckaunz_2021
https://www.nxtbook.com/nxtbooks/ncl/europe_destination_guide_aunz
https://www.nxtbook.com/nxtbooks/ncl/alaska_destination_guide_aunz
https://www.nxtbook.com/nxtbooks/ncl/europe_destination_guide_asia
https://www.nxtbook.com/nxtbooks/ncl/alaska_destination_guide_asia
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023_eu
https://www.nxtbook.com/nxtbooks/ncl/kreuzfahrten_weltweit_2123
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2023
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_2021-2022_aunz
https://www.nxtbook.com/nxtbooks/ncl/hebrew_israeli_fleetbrochure_20212022
https://www.nxtbook.com/nxtbooks/ncl/spirit_mini_brochure
https://www.nxtbook.com/nxtbooks/ncl/kreuzfahrten_weltweit_2122
https://www.nxtbook.com/nxtbooks/ncl/worldwidecruisingguide_20212022_mea
https://www.nxtbook.com/nxtbooks/ncl/fleetbrochure_20212022
https://www.nxtbook.com/nxtbooks/ncl/deckbydeck_20202021
https://www.nxtbook.com/nxtbooks/ncl/europecruisingguide_2021chinese
https://www.nxtbook.com/nxtbooks/ncl/hawaiicruisingguide_traditional_chinese_2020-2022
https://www.nxtbook.com/nxtbooks/ncl/hawaiicruisingguide_japanese_2020-2022
https://www.nxtbook.com/nxtbooks/ncl/mea_arabic_20212020
https://www.nxtbook.com/nxtbooks/ncl/hawaiicruisingguide_2020-2022_apac
https://www.nxtbook.com/nxtbooks/ncl/norwegian_encore_us2019
https://www.nxtbook.com/nxtbooks/ncl/norwegian_encore_mea2019
https://www.nxtbook.com/nxtbooks/ncl/norwegian_encore_apac2019
https://www.nxtbook.com/nxtbooks/ncl/norwegian_encore_latam2019
https://www.nxtbook.com/nxtbooks/ncl/norwegian_encore_de2019
https://www.nxtbook.com/nxtbooks/ncl/itineraryguide_20202021
https://www.nxtbook.com/nxtbooks/ncl/europecruisingguide_2021japanese
https://www.nxtbook.com/nxtbooks/ncl/japanesefleetbrochure_20192022
https://www.nxtbook.com/nxtbooks/ncl/italianfleetbrochure_20192021
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https://www.nxtbook.com/nxtbooks/ncl/hawaii1517
https://www.nxtbook.com/nxtbooks/ncl/northeast1416
https://www.nxtbook.com/nxtbooks/ncl/caribbean1416
https://www.nxtbook.com/nxtbooks/ncl/fleet_brochure_14-16_sp
https://www.nxtbook.com/nxtbooks/ncl/escape2015
https://www.nxtbook.com/nxtbooks/ncl/alaska2015
https://www.nxtbook.com/nxtbooks/ncl/deckbydeck_1415
https://www.nxtbook.com/nxtbooks/ncl/fleet_brochure_14-16
https://www.nxtbook.com/nxtbooks/ncl/alaska14
https://www.nxtbook.com/nxtbooks/ncl/northeast1315
https://www.nxtbook.com/nxtbooks/ncl/hawaii1316
https://www.nxtbook.com/nxtbooks/ncl/europe1315
https://www.nxtbook.com/nxtbooks/ncl/bigships13-15
https://www.nxtbook.com/nxtbooks/ncl/deckbydeck_2013
https://www.nxtbook.com/nxtbooks/ncl/fleet_brochure_13-15
https://www.nxtbook.com/nxtbooks/ncl/getaway_miami
https://www.nxtbook.com/nxtbooks/ncl/breakaway_201210
https://www.nxtbook.com/nxtbooks/ncl/hawaii
https://www.nxtbook.com/nxtbooks/ncl/cruisevacations1213-sp
https://www.nxtbook.com/nxtbooks/ncl/caribbean
https://www.nxtbook.com/nxtbooks/ncl/fleet_brochure
https://www.nxtbook.com/nxtbooks/ncl/northeastdepartures12-14
https://www.nxtbook.com/nxtbooks/ncl/alaska
https://www.nxtbook.com/nxtbooks/ncl/breakaways_chaptertwo_201205
https://www.nxtbook.com/nxtbooks/ncl/breakaways_chapterone_201205
https://www.nxtbook.com/nxtbooks/ncl/europe1214
https://www.nxtbook.com/nxtbooks/ncl/latitudes
https://www.nxtbook.com/nxtbooks/ncl/thehaven
https://www.nxtbook.com/nxtbooks/ncl/fleet_brochure_2011-13
https://www.nxtbook.com/nxtbooks/ncl/caribbean11-13
https://www.nxtbook.com/nxtbooks/ncl/cruisevacations1112-sp_2
https://www.nxtbook.com/nxtbooks/ncl/meetingsincentives
https://www.nxtbookmedia.com