Designed to drive continued superior performance, Royal
Caribbean Group announced the Perfecta Program, a new three-year financial
initiative. The program’s two main goals to be achieved by the end of 2027 include
a 20 percent compound annual growth rate in Adjusted Earnings per Share
compared to 2024 and a return on Invested Capital (ROIC) in the high teens.
While continuing to deliver the best vacation experiences
responsibly and maintaining solid investment grade balance sheet metrics, the
company remains dedicated to reducing its carbon intensity by 15 percent or
greater as compared to 2024, ensuring sustainable and responsible growth.
The Perfecta Program’s clear financial targets align the
organization around these priorities in order to drive strong financial
performance and sustainable shareholder value creation. Perfecta builds on the
success of the company's previous three-year Trifecta Program that launched in
2022 and concluded last year with goals achieved 18 months ahead of schedule.
Perfecta builds on this momentum with even bolder targets for Royal Caribbean
Group's next chapter of transformative progress.
Jason Liberty, president and CEO, Royal Caribbean Group said
in a statement, "The Perfecta Program sets a clear course for Royal
Caribbean Group's next ambitious ascent. It propels us forward with even
greater ambition—driven by strategic execution, unmatched vacation experiences,
and a relentless focus on innovation.”
He added, “As we drive towards delivering a lifetime of
vacations and winning a greater share of the large and growing $2 trillion
global vacation market, we remain committed to delivering exceptional value for
our guests, employees and shareholders."
To achieve the new program's goals, Royal Caribbean Group
plans to execute its proven formula of moderate capacity growth, moderate yield
growth and strong cost control. The company has an exciting lineup of new ships
and private destinations to be delivered by 2027, including Star of the Seas, Legend
of the Seas, the fourth Icon Class ship, Celebrity Xcel, Perfect Day Mexico
and two Royal Beach Clubs in Nassau and Cozumel.
The company says it expects to generate significant cash flow over
the next three years and remains committed to disciplined capital allocation
through strategic investments, a competitive dividend and opportunistic share
repurchases, all while maintaining solid investment grade metrics. While Royal
Caribbean Group may opportunistically repurchase shares, it does not forecast
the impact of potential future share repurchases in setting the Perfecta goals.
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