Alaska 2025 Midsession Summit 02/05/20

1 Cruise Line Companies

NCLH RCCL Carnival Others

Norwegian Cruise Line Holdings Ltd. Carnival Corp & Plc

Royal Caribbean Cruises Ltd.

2 2 3 Cruise Line Company Comparison

Estimated Weighted Capacity Days in 2018 Number of Ships(1) Number of Brands(1) Average Fleet Age at (in millions) Year-End 2018

27 3 18.8 10.4

(2) (2) RCL 63 (1) 6 38.4 12.5

CCL 105 9 83.9 12.9

(1) As of 1/8/20. (2) Includes Partner Brands TUI and Pullmantur.

3 NCLH

4 NCL’s History in Alaska

AUG. 15, 1993

“After the christening in Los Angeles of ’s newest ship, the 1,246-passenger Windward, by former First Lady Barbara Bush, NCL said the Windward will return to the West Coast in 1994 as the first NCL ship ever to cruise Alaska. “ (However, both Royal and Royal Cruise Line, also owned by NCL, have sailed frequently in Alaska.)

NCL started RT Seattle cruises to Alaska in 1999.

NCL started RT Miami cruises in 1966

5 NCL – Seattle Pier 66 Terminal

6 NCL – Seattle Pier 66 Seawalk, Restaurants, Retail, Small Boat Harbor

7 NCL – Seattle Pier 66 Terminal

8 NCL – Seattle Pier 66 Weddings

9 NCL Seattle Pier 66 Terminal – Conference Center & Meeting Rooms Harbor

10 NCL Seattle Pier 66 Terminal – Trade Shows and Exhibitions Harbor

11 NCL Seattle Pier 66 – Local and Native Art

12 NCL Miami – New Terminal B

13 NCL Miami – New Terminal B

14 NCL Miami – New Terminal B

15 NCL Miami – New Terminal B

16 Great Stirrup Cay Private Island

17 Great Stirrup Cay Environmental Partnership

Great Stirrup Cay Partnership With Nova Southeastern University

• Created new healthy coral nurseries

• Lettuce Leaf, Mustard Hill, Scarlett Coral

• Elkhorn and staghorn (endangered)

18 Great Stirrup Cay Private Island – New Area

19 Great Stirrup Cay Private Island – New Area

20 Harvest Caye, Belize

21 Harvest Caye, Belize

22 Harvest Caye, Belize

23 Harvest Caye, Belize

24 Harvest Caye, Belize

25 Harvest Caye, Belize

26 Icy Strait Point Expansion – Piers and Gondolas

27 Icy Strait Point Expansion – Piers and Gondolas

28 Icy Strait Point Expansion – Piers and Gondolas

29 Icy Strait Point Expansion

30 Icy Strait Point Expansion

31 Ward Cove Ketchikan, Alaska Pier

32 Ward Cove Ketchikan, Alaska

33 Ward Cove Ketchikan, Alaska

Recovered Bricks from the site ready to be re-used at the Welcome Center

34 Panama

- Panama Canal Cruises are very popular - 258 Ship Transits in 2019. - Government wants more benefits for Panama ports - NCL to homeport 12 Panama Canal sailings in Panama in Q1 2021

35 Local and Small Business Participation on NCLH Projects

Great Stirrup Cay, Bahamas

• 50-80 Local Workers on Site Daily

• 95 % Local Sub-Contractor Participation

Terminal B, Miami

• 25% Local Workers

• 20% Small Business Participation

Harvest Caye, Belize

• 85% Local Workers

Ward Cove

• 100% Alaska Participation

Icy Strait Alaska

• 100% Alaska Participation

36 Additional NCL Environmental Initiatives

In 2018, NCL eliminated plastic straws on all ships and private islands.

In 2019, NCL eliminated all single- use plastic toiletries.

On 1/1/2020, NCL became the first cruise line to eliminate plastic water bottles. Saving over 6M plastic bottles per year.

Great Stirrup Cay will be 100 % on sustainable energy by 2022

37 Additional NCL Environmental Initiatives

NORWEGIAN CRUISE LINE BECOMES FIRST MAJOR GLOBAL CRUISE COMPANY TO ELIMINATE SINGLE-USE PLASTIC BEVERAGE BOTTLES ACROSS FLEET

-Over Six Million Plastic Water Bottles to Be Eliminated Each Year

MIAMI (Jan. 2, 2020) – Norwegian Cruise Line, the innovator in global cruise travel with a 53-year history of breaking boundaries, is now single-use plastic beverage bottle free across its fleet.

The brand announced last year that it partnered with JUST® Goods, Inc., which enabled the Cruise Line to replace all single-use plastic water bottles across its 17-ship fleet, beginning with its most recent ship, Norwegian Encore.

The achievement is one of the latest sustainable steps forward for Norwegian Cruise Line. In 2018, the Company eliminated single-use plastic straws across its fleet and private destinations, and as a result of this most recent initiative, it will replace over six million single-use plastic water bottles every year. In addition, the brand is working to eliminate single-use plastic shampoo and conditioner bottles later this year. These efforts are driven by the Company’s Sail & Sustain Environmental Program, which is its commitment to minimize waste to landfills,

reduce its CO2 emissions rate, increase sustainable sourcing and invest in emerging Norwegian Cruise Line partnered with JUST® Goods, Inc. to technologies. eliminate plastic water bottles from its entire fleet.

38 Seattle & Juneau– Passengers and Revenue

• Seattle Passengers increased from 120K in 2000 to 1.2M in 2019 • Juneau Passengers increased from 640K in 2000 to 1.23M in 2019

• Juneau receives $168pp in direct spending and $13pp in taxes - $235M • Seattle receives $468M in direct spending and $29M in taxes - $496M

39 Seattle – Cruise Visitor Spend

Seattle • The total economic impact of cruise ships, is 5,500 jobs, $260 million in wages, and $894 million in business output

• In 2019 each vessel call will support a total of $4.2 million in economic activity to the region.

40 Opportunities for Cruise Ports

Hotel Stays - - Seattle in 2019 had 201 homeport calls and 11 port of call visits - In Cozumel, 56% of cruise passengers return as hotel guests

Provisioning - - Liquor, Seafood, other Home porting?

Shore Power and other services

41 Opportunities – Cruise Ship Scheduling

Tuesday, May 28

07:00 13:30 AJD - NORWEGIAN JOY 07:00 21:30 AS - MILLENNIUM 07:00 22:00 ACT - 08:00 21:15 FKL - ROYAL PRINCESS 13:00 21:00 CT - OOSTERDAM 14:30 23:00 AJD - NORWEGIAN BLISS

42 Opportunities – Average Ship Calls Per Day

43 Juneau Subport Property

44 Juneau – Historic Picture of Subport

45 Juneau Waterfront

46 Juneau Subport Property

47 Juneau Subport Property

- Seawalk - Shore Power - Electric hookup for busses and cars - Open Waterfront - Multi-use building(s) – year-round use - Green Space - Native cultural integration - Small Boat Harbor - Pedestrian/ Bike Friendly - Local Retail/ Restaurants – open all year - Integration with area - Ocean Center - Shoreline Habitat - Perpendicular pier to not block views

48 Thank You

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