NCLH

• Adjusted EBITDA was $666 million, Adjusted Net Income $222 million, and Adjusted EPS $0.48, each exceeding guidance.
• Full year 2026 guidance updated: Adjusted EPS approximately $1.50, Adjusted EBITDA approximately $2.5 billion, Net Yield down ~5% on constant currency basis.
• Company identified an additional ~$100 million in annualized run-rate savings, primarily from capital expenditures and SG&A.
• Entered into memorandum of agreement for sale of Oceania Sirena, expected to close in Q3 2026; Oceania Cruises to operate through spring 2028 under charter.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The Restated 2013 Plan's expiration date was extended to February 8, 2036.
• Three Class I directors were elected: Zillah Ellen Byng-Thorne, Alex Cruz, and Linda P. Jojo, each to serve until the 2029 annual meeting.
• Shareholders approved, on an advisory basis, executive compensation and a frequency of one year for future Say-on-Pay votes.
• Shareholders ratified PwC as independent auditor for 2026 and approved a proposal to declassify the Board.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits

• The election applies to all exchanges with an Exchange Date on or after May 29, 2026, and will be settled in cash per the applicable indentures.
• The move is expected to reduce diluted weighted-average shares outstanding guidance by about 2 million shares for the quarter ending June 30, 2026 and about 4 million shares for the year ending December 31, 2026.
• The notes were issued under indentures dated November 19, 2021 (1.125% Notes) and February 15, 2022 (2.50% Notes), with U.S. Bank Trust Company as trustee.
• The report was filed under Item 8.01 (Other Events) to disclose this material election.

8.01 Other Events

• First quarter 2026 total revenue grew 10% to $2.3 billion, with GAAP net income of $105 million and EPS of $0.23.
• Adjusted EPS more than doubled to $0.23, exceeding guidance of ~$0.16.
• Full year 2026 guidance lowered: Adjusted EPS expected to be $1.45 to $1.79, Adjusted EBITDA $2.48 billion to $2.64 billion.
• Company executed SG&A savings initiatives totaling $125 million in expected annualized run-rate savings.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Annual base salary is $1,715,000; for fiscal 2026, fixed bonus of $2,900,000; from fiscal 2027, target bonus at least 175% of base salary.
• Chidsey received a one-time inducement award of 2,139,892 restricted share units with intended value of approximately $48 million.
• Award comprises 967,254 RSUs (40%, vesting in four annual installments) and 1,172,638 PSUs (60%, cliff vesting based on TSR CAGR targets).
• Severance includes two times base salary for qualifying termination, plus pro-rata bonus and benefits; accelerated vesting on change in control.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Norwegian Cruise Line Holdings Ltd. entered a Cooperation Agreement with Elliott Investment Management L.P. and affiliates on March 26, 2026.
• John W. Chidsey becomes Chairman, Alex Cruz becomes Lead Independent Director, and four current directors (Stella David, David M. Abrams, Harry C. Curtis, Mary E. Landry) resigned effective March 31, 2026.
• The Board will increase from 8 to 9 members, with 8 independent, and the 2026 annual meeting slate will include Zillah Byng-Thorne, Linda P. Jojo, and Alex Cruz.
• Elliott agreed to customary standstill and voting commitments through the Cooperation Period ending no later than February 11, 2027.

1.01 Entry into a Material Definitive Agreement · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The Board of Directors established June 11, 2026 as the date for the 2026 Annual General Meeting of Shareholders.
• The record date for shareholders entitled to vote at the meeting is the close of business on April 15, 2026.
• Deadlines for Rule 14a-8 proposals and Rule 14a-19 proxy solicitations remain unchanged from the 2025 proxy statement.
• The time and location of the meeting will be provided in the company's proxy statement for the 2026 Annual Meeting.

8.01 Other Events

• Adjusted EBITDA for 2025 was $2.73 billion, up 11% from 2024; Adjusted EPS was $2.11, up 19%.
• Q4 2025 revenue was $2.2 billion, up 6%; GAAP net income was $14.3 million, EPS $0.03.
• Full-year 2026 guidance: Adjusted EBITDA ~$2.95 billion, Adjusted EPS $2.38, Net Leverage ~5.2x.
• Q1 2026 guidance: Adjusted EBITDA ~$515 million, Adjusted EPS ~$0.16, Net Yield down ~1.6% constant currency.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits