This gives us comfort that our guests continue to prioritize travel and experiences.

May 20, 2025 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2025-05-20 | transcript 170eab26-fa48-4784-8828-dfebd71666d4 | chars 4185-4269 | segment 4

We believe that these updates reflect our commitment to a disciplined strategic expansion across both our river and ocean offerings. With a great brand and product range, a very strong balance sheet, and strong demand from our loyal customer base, we remain confident in our long-term growth strategy and our ability to deliver exceptional travel experiences around the world.

May 20, 2025 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2025-05-20 | transcript 170eab26-fa48-4784-8828-dfebd71666d4 | chars 16560-16936 | segment 17

Hi, good morning, Steve. Thanks for the question. So we have not, as far as future seasons, you know, we have not turned to pricing promotions. I just wanted to level set, you know, that the pricing dynamics is pretty nuanced. And also we are comparing to a year, you know, 2025 that has, that was pretty steep and we acknowledge that it was pretty steep. So the pricing yield curve is, really is dependent on what inventory has been sold, meaning what season, whether it's high or low, what cabin category and what itinerary mix. So what we are seeing with almost 40% of our 2026 capacity being sold as of May 11th is that our consumer is very resilient and they are willing to travel and they are willing to book in advance. You know, when we look at the current macroeconomic outlook, if it remains steady, and if we combine that with a strong trajectory of demand in recent weeks that we've seen, we feel pretty confident that pricing will evolve toward mid-single-digit increases alongside our planned capacity growth. So we don't see a concern there.

May 20, 2025 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2025-05-20 | transcript 170eab26-fa48-4784-8828-dfebd71666d4 | chars 18424-19480 | segment 19

As our capacity grows, I find it relevant to talk about our crew and our fleet. First, I will note that we have a fantastic crew, which has earned us more awards than any other travel company on the rivers or oceans. Most importantly, our crew is a significant reason that we receive high satisfaction ratings from our guests.

Mar 11, 2025 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2025-03-11 | transcript e3d48f03-563a-48bd-8358-f36563aa5a7d | chars 10667-10993 | segment 10

Our commitment to providing a great customer experience continues to be recognized year after year which is a rare feat for a travel company.

Mar 11, 2025 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2025-03-11 | transcript e3d48f03-563a-48bd-8358-f36563aa5a7d | chars 4858-4999 | segment 4

This past quarter, I traveled to Egypt and China, and I would like to share some updates on these unique regions. First, let's focus on Egypt on slide eight. Just a couple of weeks ago, I was in Luxor for the naming of our two newest vessels for the Nile River, the Viking Hathor and the Viking Sobek. These beautiful ships can accommodate 82 guests each, and I believe that they offer the most elegant way to navigate the Nile. This addition brings our Egypt count to six ships, and we have four more under construction to be delivered by 2026. Although Egypt represents a small portion of our total capacity in the low single digits for 2025, it is a destination of great interest for our guests. For example, our 12-night Pharaohs and Pyramids itinerary offers our guests a fascinating and culturally rich experience that garners demand and strong yields. We are frankly very pleased to be able to offer this highly distinctive product. This quarter, I also traveled to Shanghai, If you now flip to the next slide, you will see that as it pertains to China and the Asian market in general, we have adopted a unique approach rooted in a couple of core principles, which include destination-focused experiences and single language environment on board. So let's begin by addressing our ocean cruises in Asia for English-speaking guests. In September, we celebrated our return to China with Viking Yidun, offering exclusive itineraries and access to rarely visited destinations. China is a fascinatin

Nov 19, 2024 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2024-11-19 | transcript f5f7a77d-bf4d-4ce7-b359-f466e46d04b4 | chars 5920-7420 | segment 5

These results speak to the strength of our One Viking brand and give us confidence that our core consumer demographic continues to show financial resiliency, prioritizing travel, and actively seeking enriching memorable experiences.

Aug 22, 2024 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2024-08-22 | transcript da4d462b-8eee-4692-9a67-933f3bd49107 | chars 3063-3295 | segment 3

Vikings started in 1997 with four river vessels and a vision that travel should be more about the destination and also more about the local culture. We saw an opportunity to create a high-end travel experience for guests who seek more than just a vacation. And that we should also appeal to mature individuals who want to learn more about history, art, and the culture of the places they visit. Over the past 27 years, Viking has grown into one of the world's leading travel companies, expanding our fleet from those four river vessels to 92 state-of-the-art ships, which we view as floating hotels. And we've built our travel platform from river cruises to ocean voyages to expeditions to the end of the world, and also in the US on the Mississippi River.

May 29, 2024 / CEO / receipt, needs a key / Tor Hagen, CEO | earnings call 2024-05-29 | transcript 6c75fef6-3444-44a7-85b9-e25ae2ffbf07 | chars 2562-3318 | segment 2