2018 Annual Report for Norwegian Cruiseline Holdings - 9

Our Competitive Strengths
We believe that the following business strengths will enable us to execute our strategy:
Rich Stateroom Mix
The Norwegian, Oceania Cruises and Regent fleets offer an attractive mix of staterooms, suites and villas. Norwegian's accommodations
include the groundbreaking Studio staterooms designed for solo travelers centered around the Studio Lounge, a private lounge area solely for
Studio guests, as well as ocean views, balconies, and connecting accommodations to meet the needs of all types of cruisers. Norwegian's
suites range from two-bedroom family suites to penthouses and owner suites, as well as three bedroom Garden Villas measuring up to 6,694
square feet. In addition, nine of Norwegian's ships offer The Haven, a key-card access enclave on the upper decks with luxurious suite
accommodations, exclusive amenities, and 24/7 butler and concierge service. The Haven suites surround a private courtyard with pool, hot
tubs, sundeck, fitness center and steam rooms. Onboard Norwegian Epic, the Breakaway Class Ships and the Breakaway Plus Class Ships,
The Haven also includes a private lounge and fine dining restaurant.
The spacious and elegant accommodations on Oceania Cruises' six award-winning ships, the 684-Berth Regatta, Insignia, Sirena and
Nautica, and the 1,250-Berth Marina and Riviera, range from 143-square foot inside staterooms to opulent 2,030-square foot owner suites.
The Regent fleet is comprised of four ships - Seven Seas Voyager, Seven Seas Mariner and Seven Seas Explorer feature all-suite, allbalcony accommodations and a majority of the accommodations on Seven Seas Navigator include balconies.
High-Quality Service
The Norwegian, Oceania Cruises and Regent brands all offer a high level of onboard service. We collaborate amongst the brands to provide
an enhanced guest experience across all brands. Norwegian offers guests the freedom and flexibility to design their ideal cruise vacation on
their schedule with no set dining times, a variety of entertainment options and no formal dress codes. Oceania Cruises and Regent are known
for their quality of service, including some of the highest crew-to-guest ratios in the industry and a staff trained to deliver personalized and
attentive service.
Diverse Selection of Premium Itineraries
We have expanded our already broad range of premium itineraries. Our fleet has a worldwide deployment, offering a few days to 180-day
itineraries, including destinations in Scandinavia, Russia, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Asia, Tahiti
and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean. We introduced a new
destination, Harvest Caye, in November 2016. This destination in Southern Belize features Belize's only cruise ship pier, expansive sevenacre white sand beach, 15,000 sq. ft. pool with swim up bar, multiple dining options and a nature center with wildlife experiences plus
adventure tours.
Strong Cash Flow
We believe our business model will generate a significant amount of cash flow with high revenue visibility. All three of our brands afford the
ability to pre-sell tickets, receive customer deposits and sell onboard activities in advance with long lead times ahead of sailing. In terms of
newbuild capital expenditures, the cash flow impact is mitigated as we have obtained export credit financing for the ships which is expected
to fund approximately 80% of the contract price of each ship expected to be delivered through 2027, subject to certain conditions.
Highly Experienced Management Team
Our senior management team is comprised of executives with extensive experience in the cruise, travel, leisure and hospitality-related
industries. See "Executive Officers" below.

2018 Annual Report for Norwegian Cruiseline Holdings

Table of Contents for the Digital Edition of 2018 Annual Report for Norwegian Cruiseline Holdings