Norwegian Cruise Line_OM_C&W Miami FINAL RSF




Stable, Long-Term Cash Flow Secured by a Highly Respected Global Leader in the Cruise Industry



» 23-year Triple-Net Lease

Global Leader in Cruise Industry with Path Toward Accelerated Value Creation

Superior Office Campus, Updated to Meet Current HQ Operations, Executed at Below Replacement Cost

» Attractive Net Rental Rate with Fixed Annual Increases

» No Termination or Contraction Options

» Third largest cruise line in the world by passenger market share and revenue

» Forward Thinking Campus Re-Design, Possessing Exceptional Visibility and Access

» Named by Forbes to the 2023 list of World’s Best Employers

» Exceptional Opportunity Leveraging In-Place Improvements & Infrastructure to Create Market’s Most Cost-Effective Headquarters Solution Reflecting a Significant approximate 50% Discount to Replacement Cost » Fully Integrated 3-building Complex, Designed to Support Current Headquarters Operations, While Providing Future Flexibility

» Norwegian Cruise Line ranked as the top cruise line for Mega ships (4,000+ passengers) this year in the Condé Nast Traveler’s 2023 Readers’ Choice Awards » In 3rd Quarter 2023, generated total revenue of $2.5 billion, a record for the Company and up 33% compared to the same period in 2019, and GAAP net income of $345.9 mil ($.71 EPS)

» Full year 2023 Adjusted EBITDA is expected to be approximately $1.86 billion, within the previously provided range despite the impact of global events

» Combination of Newly Built-Out and Updated Best-in-Class Office Interiors

» Full Spectrum of Employee Amenities

» Successfully completed refinancing of Operating Credit Facility which extended debt maturity profile and provided incremental liquidity, with liquidity at $2.2 billion at end of 3rd Q 2023

» Extensive Parking with Structured & Covered Surface Parking

5 | Norwegian Cruise Line Holdings

Cushman & Wakefield | 6

Made with FlippingBook - Online catalogs