OneSpaWorld Announces Preliminary Fiscal 2022 Results and Introduces Fiscal 2023 Guidance - Seite 2

• Total revenues in the range of $540 million to $545 million, nearly tripling from $144 million in fiscal 2021 and approaching fiscal 2019 total revenues of $562.2 million at the mid-point of the range despite passenger load levels below historical levels and ships returning to service; and
• EBITDA in the range of $44.0 million to $47.0 million compared to a loss of $18.9 million in the 2021 fiscal year and versus $58.2 million in the 2019 fiscal year.

The Company is introducing Fiscal Year 2023 Guidance (52 weeks ending December 31, 2023) and expects:

• Total revenues in the range of $660.0 million to $680.0 million; and
• EBITDA in the range of $64.0 million to $70.0 million.

Additionally, the Company noted that it continues to expect to deliver positive cash flow from operations in fiscal 2022 and to continue to generate positive cash flow from operations in 2023.

As previously announced, the Company is scheduled for a fireside chat presentation at the 25^th Annual ICR Conference, held today, Monday, January 9, 2023, at 3:30 p.m. Eastern Time. The webcast of the presentation will be broadcast over the internet and can be accessed at the Company’s investor relations website, www.onespaworld.com. The presentation is expected to conclude by 3:55 p.m. Eastern Time. A replay of the broadcast will remain on the Company’s investor relations website for one year.

The Company is providing a preliminary range for Fourth Quarter and Fiscal Year 2022 total revenue and EBITDA and introducing guidance for fiscal 2023 to allow it to speak to these topics during the ICR Conference today. Investors should not expect the Company to make updates to guidance ahead of regularly scheduled quarterly earnings dates in the future. The Company noted that its expectations are estimated and preliminary and subject to quarter and year-end closing adjustments. As the Company has not completed its quarter and year-end fiscal close or the audit of its 2022 financial statements, the revenue expectation presented in this press release may change.

About OneSpaWorld

Headquartered in Nassau, Bahamas, OneSpaWorld is one of the largest health and wellness services companies in the world. OneSpaWorld’s distinguished health and wellness centers offer guests a comprehensive suite of premium health, wellness, fitness and beauty services, treatments, and products currently onboard 179 cruise ships and at 51 destination resorts around the world. OneSpaWorld holds the leading market position within the cruise line industry of the historically fast-growing international leisure market and has been built upon its exceptional service standards, expansive global recruitment, training and logistics platforms, irreplicable operating infrastructure, extraordinary team and a history of service and product innovation that has enhanced its guests’ personal care experiences while vacationing for over 65 years.