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TheStreet Open House

Six Flags Entertainment CEO Presents At Goldman Sachs Lodging, Gaming, Restaurant And Leisure Conference (Transcript)

Stocks in this article: SIX

Six Flags Entertainment Corp. (SIX)

Six Flags Entertainment Corporation at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference

June 05, 2012 03:30 pm ET

Executives

Jim Reid-Anderson - Chairman, President and CEO

Nancy Krejsa - Senior Vice President, Investor Relations and Corporate Communications

Analysts

Presentation

Next up is, Six Flags Entertainment. Nancy Krejsa is in charge of Investor Relations, Jim Reid-Anderson is the Chairman, President and CEO of Six Flags. I am going to let Jim go through some of the basics of the story and then we will go to Q&A.

Jim Reid-Anderson

Steve suggested that what we should do is do a five-minute summary of the company and then spend most of our time on Q&A, and so that's what we are going to do. For those of you that are online, there is no formal presentation that I am going to run through right now. So, Six Flags is an interesting story.

The company has been around for 60 years, but really I think now is hitting its stride and I guess I would summarize by saying that Six Flags is really back to what it does best which is running regional theme parks.

I think if you try to put the company's context, we are about $1 billion in revenue, we have 19 parks across North America and we generate about $350 million in EBITDA that was last year's number and we also generate on a pro forma basis about $3.80 per share in cash EPS, so one of the questions you get asked is why Six Flags? Why invest in this company?

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