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Six Flags Entertainment's CEO Presents At Barclays Capital Global Technology, Media And Telecommunications Conference (Transcript)

Six Flags Entertainment Corporation (SIX)

Barclays Capital Global Technology, Media and Telecommunications Conference Call

May 23, 2012 11:15 ET


Jim Reid-Anderson – Chief Executive Officer

Al Weber – President

Tanner Howe – Treasurer and Vice President, Strategic Development


Unidentified Analyst

Good morning. I’d like to thank Six Flags for joining us this morning and everybody else that’s here. Let me introduce Jim Reid-Anderson, CEO of Six Flags; Al Weber, President; and Tanner Howe, who is handing out the presentations now. Again, thank you for joining and let me with that hand it over to Jim.

Jim Reid-Anderson

Thanks very much, (indiscernible). It’s really a pleasure to be here. I’m sorry we are starting a touch late. The last presentation ran over a little bit. But we are going to make up time with our presentation. I’m very happy to be here to tell you a little bit about our company, Six Flags, and I think really overall, this is a superb company in a tremendous industry, very stable industry and not only have – we really turned the company around over the last couple of years. But I feel like we are literally going to keep this going in a very, very positive way over the next several years. So first, for those of you that are online – there are online, there is a chart at the beginning that just summarizes what the company is all about.

We have got 19 parks in North America. Most of them are in the United States. We had one in Canada and one in Mexico. We have 24 million people that come through our park every single year. The company is solid from a financial perspective, very strong about $1 billion in revenue. Our market cap has grown very nicely. We generate about $3.80 pro forma in terms of cash earnings per share and we have about a 5% dividend yield. If you look at the company’s history, and this is laid out on page five. You will note that in 2010, the company went through a bankruptcy process. But since then, we really have not looked back.

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