Norwegian Cruise Line Holdings Debuts on the New York Stock Exchange ANOTHER YEAR OF RECORD FINANCIAL RESULTS The booking environment in 2017 was as strong as any we have witnessed in recent history. This strong booking environment was coupled with deployment initiatives designed to optimize pricing while existing itineraries were enhanced with the addition of Cuba voyages that garnered double-digit pricing premiums. We also benefited from comprehensive ship modernization programs that ensured that our young, modern fleet remains fresh, relevant and positioned to demand top pricing in a competitive industry. The outcome was a year where we yet again delivered record-breaking results, including revenue, adjusted earnings per share and adjusted net yield. Our results are even more impressive when you consider the headwinds from the three Category 4+ hurricanes that impacted the Caribbean and Gulf regions. Another key financial milestone in 2017 involved our leverage, defined as net debt over Adjusted EBITDA*, which came in below 4 times. As we look to the future we remain focused on further strengthening our balance sheet, with plans to meaningfully delever down to the low 3 times. Our strong balance sheet and continued strong operating results will allow us to fulfill our goal of returning capital to our shareholders. FULL YEAR 2017 HIGHLIGHTS Record revenue of 5.4 B $ grew 11% over prior year. Adjusted EPS was a record 3.96* $ up 16% over prior year.* Gross Yield of 310.78 $ Net Yield of 240.88* $ Best-in-class * Adjusted EPS, Net Yield and Adjusted EBITDA are non-GAAP financial measures. A reconciliation of the most directly comparable GAAP financial measure and other associated disclosures are contained in "Management's Discussion and Analysis of Financial Condition and Results of Operation" in the company's 2017 Annual Report.