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4th QTR and 2016 Year End Conference Call

Post: #1
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The company has announced that the will have their 4th quarter and 2016 year end conference call on Tuesday, February 28, 2017 at 9 a.m. Eastern Time. It will naturally be broadcast live over the internet on the company’s website at http://www.seaworldentertainment.com by clicking on the Investor Relations link located on the upper right-hand corner of that page.

They did give this preliminary estimated info out on their SEC filing. This info is NOT official as it hasn't been audited by their internal auditors so it very well can change.

Full Year 2016 Preliminary Results
The company estimates that for the year ended December 31, 2016:

Total revenues are expected to be $1.344 billion.
Total attendance was approximately 22.0 million guests in 2016.

“In the fourth quarter, we continued to execute against our five point strategic plan, and we are encouraged to see the continued positive results of our efforts. We look forward to communicating more specifics during our earnings call next week, once our results are finalized, but based on our preliminary estimates, we expect to exceed the high end of the 2016 Adjusted EBITDA[1] guidance range provided in November 2016,” said Joel Manby, President and Chief Executive Officer of SeaWorld Entertainment, Inc. “We are also exploring a possible debt refinancing transaction in order to improve our capital structure by extending maturities and improving certain other terms of our debt.”

So we'll just have to wait until the 28th for the official figures and any news.
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Post: #2
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Sounds like they had a strong rebound in the fourth quarter based on those numbers, for only a slight drop in revenue for the year. Glad to see the work is paying off. The announcement that they are ending the killer whales probably helped a lot, based on those estimates.

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2010 Coaster Count:
Alpengeist: 34 | Apollo's Chariot: 66 | Griffon: 21 | Loch Ness Monster: 26 | Total: 147
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02/23/17 at 02:57pm in 4th QTR and 2016 Year End Conference Call (Latest Edit: 02/23/17 at 02:58pm by acrossdapark.)
Post: #3
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Just some quick math that's about $61 in revenue per guest while WDW in 2015 was estimated at $138 per guest with around 137M park visitors.

SEAS also in 2015 had 22.4M visitors putting them 9th in the world for theme park visitors. Looking like a net loss for them year over year could be possible they drop out of the Top-10 depending how others do.

Just some comparisons.
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Post: #4
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but SEAS isn't a park...

Hello, my name is Chris, today is my birthday.

2010 Coaster Count:
Alpengeist: 34 | Apollo's Chariot: 66 | Griffon: 21 | Loch Ness Monster: 26 | Total: 147
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Post: #5
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(02/24/17 12:01pm)Fur Dozy Wrote:  but SEAS isn't a park...

SEAS is their corporate symbol for trading on the NYSE to represent the park system I.E. SeaWorld Entertainment Inc.
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02/25/17 at 03:56pm in 4th QTR and 2016 Year End Conference Call (Latest Edit: 02/25/17 at 03:57pm by Fur Dozy.)
Post: #6
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Yeah, but SEAS is a park chain to attendance like that is a bit misleading.

Hello, my name is Chris, today is my birthday.

2010 Coaster Count:
Alpengeist: 34 | Apollo's Chariot: 66 | Griffon: 21 | Loch Ness Monster: 26 | Total: 147
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Post: #7
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How so? As a park system they bought in 22M in attendance. SWO, BGW, WC, or any singular park alone didn't bring those numbers. So it would be correct in saying SEAS as a park system bought in 22M in attendance for 2016.

Otherwise it would further need to be broken down per park within the system which it would be much smaller for example SWO in 2015 was around 4.77m and BGW was around 2.78m.
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Post: #8
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The below is from SEAS SEC filing posted today.

Fourth Quarter 2016 versus Fourth Quarter 2015

Total revenues were $267.6 million, compared to $267.9 million in the fourth quarter of 2015.

Net loss was $11.9 million, or a loss of $0.14 per diluted share, compared to a net loss of $11.0 million, or a loss of $0.13 per diluted share, in the fourth quarter of 2015.

Adjusted EBITDA[1] was $58.1 million in the fourth quarter of 2016, an increase of $10.8 million, or 23%, compared to Adjusted EBITDA of $47.3 million in the fourth quarter of 2015.

Fourth quarter total attendance was down by approximately 30,000 guests, or 0.7%, as a result of the impact of Hurricane Matthew in October and an expected decline in attendance from Latin America; which was largely offset by improved attendance at the company’s Texas and California park locations in the fourth quarter of 2016 compared to the fourth quarter of 2015.

Implemented the first phase of the company’s cost optimization program which is expected to result in $40.0 million in net savings by the end of 2018.


Full Year 2016 versus Full Year 2015

Total revenues were $1.34 billion in 2016, compared to $1.37 billion in 2015.

Net loss was $12.5 million, or a loss of $0.15 per diluted share, compared to net income of $49.1 million, or $0.57 per diluted share, in 2015.

Adjusted EBITDA was $332.0 million compared to $361.1 million in 2015, and is above the guidance range provided in November 2016.

Total attendance for 2016 declined by approximately 471,000 guests, or 2.1%, primarily due to a decline at the company’s Florida and Northeast park locations, partially offset by an increase in attendance at its Texas park locations. Attendance at the company’s California park locations was relatively flat in 2016 when compared to 2015.

“As we continue to implement our five-point strategic plan, we are making solid progress and delivering results for shareholders. We ended the year exceeding our guidance and generating improved revenue and attendance in California and Texas, in particular, two locations which presented us challenges in 2015,” said Joel Manby, President and Chief Executive Officer of SeaWorld Entertainment, Inc. “Our focus on driving revenue growth by providing guests with experiences that matter is gaining traction. In the fourth quarter, we implemented the first phase of our cost optimization program which had a positive impact on results, and we continue to find new ways to be more efficient. We also moved to the next phase with our international strategy, as we announced our partnership with Miral to develop SeaWorld Abu Dhabi, a first-of-its-kind marine-life themed park on Yas Island.”

“Building on the platform for growth we established in 2016, we are energized going into 2017 as we launch some of the most innovative new rides and attractions in our history, while deploying our capital more efficiently,” Manby continued. “The recent addition of a talented new Chief Marketing Officer will help accelerate our brand repositioning and improve spend efficiency, while the enhancements we are making to our pricing operations will emphasize our total revenue per-capita opportunities, which we believe are meaningful. Additionally, we remain focused on financial discipline to improve our financial strength and flexibility over the long term. We are committed to strengthening our foundation, and our Board and management team are moving fast to implement our initiatives to increase value for our shareholders.”
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