NEW YORK, August 7, 2018 – Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND; the “Company” or “Lindblad”), a global provider of expedition cruises and adventure travel experiences, announced today that it has expanded its agreement with National Geographic Partners (“National Geographic”) to include all of the Americas.
The relationship between Lindblad and National Geographic, founded in 2004 and steeped in a shared interest in exploration, research, technology and conservation, includes co-selling, co-marketing and branding arrangements that run through 2025. With the addition of the Canada and Latin America markets to the existing agreement covering the United States, Australia and New Zealand, Lindblad and National Geographic have further deepened their long-term strategic partnership and will collectively invest to further accelerate growth in these important geographies.
The United States has long been the primary source market for Lindblad, and with the rapidly accelerating demand for authentic and immersive experiential travel the Company certainly expects significant domestic growth for years to come. At the same time, many of the trends powering the increase in expedition travel in the United States are manifesting themselves globally as well, and deepening expansion into select international markets is a core part of Lindblad’s growth strategy.
The expanded collaboration with National Geographic provides an opportunity for Lindblad and National Geographic to leverage the strong brand position National Geographic holds in Canada and key Latin American markets, while at the same time building upon Lindblad’s long-established leadership position in the United States expedition travel market.
Given the accelerating demand for high quality and authentic expedition travel and the expanded agreement with National Geographic, Lindblad’s Board of Directors recently approved the build of an additional blue water vessel to explore the world’s most unique and remote locations. This state of the art vessel, which is anticipated to be delivered in 2021, will be the next step in the Company’s fleet expansion following the launch of the National Geographic Quest in July 2017, the addition of the National Geographic Venture to the fleet in December 2018 and the delivery of the National Geographic Endurance in the first quarter of 2020.
Sven-Olof Lindblad, President and Chief Executive Officer, said “Lindblad has been a pioneer in expedition travel for fifty years. By extending our successful partnership with National Geographic, energizing new markets and expanding our fleet, we are taking the next steps in our long-term growth strategy. Our experience and track record in delivering unparalleled experiences in the world’s most amazing locations ideally positions us to capitalize on the explosive growth in high quality adventure travel.”
“National Geographic and Lindblad Expeditions have, over the past 14 years, found an extraordinary level of common cause. This manifests itself in knowing the importance of people exploring the world, building understanding and becoming more knowledgeable and energized citizens,” says Gary E. Knell, CEO of National Geographic Partners. “Our collaboration goes far beyond business, into education, conservation and storytelling through expedition travel. We know collectively that our partnership’s goal is to consistently grow the number of people who explore our world and that’s why we’re so excited to expand our partnership to include the Canadian and Latin American markets.”
About Lindblad Expeditions Holdings, Inc.
Lindblad Expeditions Holdings, Inc. is an expedition travel company that focuses on ship-based voyages through its Lindblad Expeditions brand and on land-based travel through its subsidiary, Natural Habitat Adventures, an adventure travel and ecotourism company with a focus on responsible nature travel.
Lindblad Expeditions works in partnership with National Geographic to inspire people to explore and care about the planet. The organizations work in tandem to produce innovative marine expedition programs and to promote conservation and sustainable tourism around the world. The partnership’s educationally oriented voyages allow guests to interact with and learn from leading scientists, naturalists and researchers while discovering stunning natural environments, above and below the sea, through state-of-the-art exploration tools.
Natural Habitat partners with the World Wildlife Fund to offer and promote conservation and sustainable travel that directly protects nature. Natural Habitat’s adventures include polar bear tours in Churchill, Canada, Alaskan grizzly bear adventures and African safaris.
About National Geographic Partners LLC
National Geographic Partners LLC (NGP), a joint venture between National Geographic and 21st Century Fox, is committed to bringing the world premium science, adventure and exploration content across an unrivaled portfolio of media assets. NGP combines the global National Geographic television channels (National Geographic Channel, Nat Geo WILD, Nat Geo MUNDO, Nat Geo PEOPLE) with National Geographic’s media and consumer-oriented assets, including National Geographic magazines; National Geographic studios; related digital and social media platforms; books; maps; children’s media; and ancillary activities that include travel, global experiences and events, archival sales, licensing and e-commerce businesses. Furthering knowledge and understanding of our world has been the core purpose of National Geographic for 130 years, and now we are committed to going deeper, pushing boundaries, going further for our consumers … and reaching millions of people around the world in 172 countries and 43 languages every month as we do it. NGP returns 27 percent of our proceeds to the nonprofit National Geographic Society to fund work in the areas of science, exploration, conservation and education. For more information visit natgeotv.com or nationalgeographic.com, or find us on Facebook, Twitter, Instagram, YouTube, LinkedIn and Pinterest.
Forward Looking Statements
Certain matters discussed in this press release are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the Company’s financial projections and may also generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe the Company’s financial guidance or future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected, including, but not limited to, the following: (i) changes adversely affecting the business in which the Company is engaged; (ii) management of the Company’s growth and its ability to execute on its planned growth; (iii) general economic conditions; (iv) the Company’s business strategy and plans; (v) unscheduled disruptions in our business due to weather events, mechanical failures, or other events; (vi) compliance with laws and regulations; (vii) compliance with the financial and/or operating covenants in the Company’s credit agreements; (viii) adverse publicity regarding the cruise industry in general; (ix) loss of business due to competition; (x) the result of future financing efforts; (xi) the inability to meet revenue and Adjusted EBITDA projections; (xii) delays and costs overruns with respect to the construction and delivery of newly constructed vessels; and (xiii) those risks described in the Company’s filings with the SEC. Stockholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect the Company’s performance may be found in its filings with the SEC, which are available at http://www.sec.gov or at http://www.expeditions.com in the Investor Relations section of the Company’s website.
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Patty Disken-Cahill, Lindblad Expeditions, firstname.lastname@example.org, 212-261-9081
Meg Calnan, National Geographic, email@example.com, 202-912-6703