ORLANDO, Fla., Nov. 9, 2022 /PRNewswire/ — SeaWorld Entertainment, Inc. (NYSE: SEAS), a number one theme park and leisure firm, in the present day reported its monetary outcomes for the third quarter and first 9 months of fiscal yr 2022^[1].

Third Quarter 2022 Highlights

• Attendance was 7.3 million company, a rise of 0.1 million company or 1.5% from the third quarter of 2021. Compared to the third quarter of 2019, attendance decreased by 0.8 million company or 9.7%. Excluding worldwide visitor visitation, group-related attendance, opposed climate impression (together with Hurricane Ian), and calendar shift, attendance elevated by roughly 2% when in comparison with the third quarter of 2019.
• Total income was a file of $565.2 million, a rise of $44.0 million or 8.4% from the third quarter of 2021. Compared to the third quarter of 2019, whole income elevated by $91.5 million or 19.3%.
• Net earnings was a file of $134.6 million, a rise of $32.5 million or 31.8% from the third quarter of 2021. Compared to the third quarter of 2019, web earnings elevated by $36.5 million or 37.3%.
• Adjusted EBITDA^[2] was a file of $274.2 million, a rise of $8.9 million or 3.4% from the third quarter of 2021. Compared to the third quarter of 2019, Adjusted EBITDA elevated by $67.3 million or 32.5%.
• Total income per capita^[3] elevated 6.8% to a file $77.05 from the third quarter of 2021.  Admission per capita^[3] elevated 4.1% to a file $42.75, whereas in-park per capita spending^[3] elevated 10.4% to a file $34.30 from the third quarter of 2021.  Compared to the third quarter of 2019, whole income per capita elevated 32.1%, admission per capita elevated 29.5%, and in-park per capita spending elevated 35.5%.

First Nine Months 2022 Highlights

• Attendance was 17.0 million company, a rise of 1.8 million company or 11.5% from the primary 9 months of 2021. Compared to the primary 9 months of 2019, attendance decreased by 0.9 million company or 5.1%. Excluding worldwide visitor visitation and group-related attendance, attendance elevated by roughly 2.2% when in comparison with the primary 9 months of 2019. 
• Total income was a file of $1,340.7 million, a rise of $207.8 million or 18.3% from the primary 9 months of 2021. Compared to the primary 9 months of 2019, whole income elevated by $240.5 million or 21.9%.
• Net earnings was a file of $242.2 million, a rise of $57.2 million or 30.9% from the primary 9 months of 2021. Compared to the primary 9 months of 2019, web earnings elevated by $128.5 million or 113.1%.
• Adjusted EBITDA^[2] was a file $574.6 million, a rise of $65.3 million or 12.8% from the primary 9 months of 2021. Compared to the primary 9 months of 2019, Adjusted EBITDA elevated by $201.6 million or 54.0%.
• Total income per capita^[3] elevated 6.2% to a file $78.86 from the primary 9 months of 2021.  Admission per capita^[3] elevated 4.4% to a file $43.52, whereas in-park per capita spending^[3] elevated 8.4% to a file $35.34 from the primary 9 months of 2021.  Compared to the primary 9 months of 2019, whole income per capita elevated 28.5%, admission per capita elevated 24.8%, and in-park per capita spending elevated 33.3%.

Other Highlights

• The Company repurchased roughly 3.6 million shares of widespread inventory at a complete price of roughly $183.9 million from August 2022 by way of October 2022. For the year-to-date interval by way of October 2022, the Company has repurchased 12.3 million shares of widespread inventory (or roughly 16% of whole shares excellent)^[4] at a complete price of roughly $683.9 million.
• In the third quarter of 2022, the Company got here to assistance from 229 animals in want within the wild.  The whole variety of animals the Company has helped over its historical past is greater than 40,000.

“I am happy to report our sixth consecutive quarter of record financial results,” mentioned Marc Swanson, Chief Executive Officer of SeaWorld Entertainment, Inc.  “While we achieved data for income, web earnings and Adjusted EBITDA within the quarter, these outcomes nonetheless don’t mirror a normalized working surroundings and we nonetheless have important scope to enhance our execution and our monetary outcomes. We had a significant impression from opposed climate within the quarter, together with Hurricane Ian, that we estimate led to 90,000 much less visitor visits in the course of the quarter; worldwide and group visitation are nonetheless not again to pre-Covid ranges; our staffing continues to be not at optimized ranges; and inflationary pressures proceed to impression our prices. We are happy with the expansion in whole income and whole income per capita in the course of the quarter which continued to reveal our pricing energy and the power of client spending in our parks.

Our price administration and the flow-through to Adjusted EBITDA for the quarter may have been higher. To this finish, we now have enhanced and elevated our efforts associated to monitoring and managing prices all through the enterprise and our initiatives to scale back prices and enhance efficiencies.  As we highlighted final quarter, we now have a number of new initiatives and initiatives in flight that we anticipate will assist us work to offset the unusually excessive inflationary pressures and turn out to be a extra environment friendly and worthwhile working enterprise over the approaching quarters.  While inflationary pressures live on, we anticipate sure cyclical, provide chain associated and/or non permanent price pressures to reasonable over the approaching quarters. 

We proceed to profit from a really robust monetary place and important free money move era. This place allowed us to proceed to make the most of what we consider was a particularly enticing worth being supplied by the markets in the course of the quarter as we continued to aggressively repurchase shares in the course of the third quarter and have now repurchased 12.3 million shares or 16% of whole shares excellent^[4] yr thus far.

We lately concluded one other profitable Halloween season at our parks that includes our award-winning Halloween occasions, which led to robust income progress this October in comparison with October 2021 and October 2019.  Revenue for October was up roughly 13% in comparison with 2021 and roughly 45% in comparison with 2019. Over the following few weeks, we’ll start our fashionable Christmas occasions at our SeaWorld, Busch Gardens and Sesame parks.  Our Christmas occasions characteristic thrilling leisure, distinctive meals and beverage choices and seasonal merchandise for company of all ages. 

As we now have constantly demonstrated, our enterprise mannequin is powerful and resilient, and we consider that we now have important alternatives to enhance and develop our income and profitability.  As I’ve talked about beforehand, we function in an trade and in markets with rising demand developments over the long run and we now have important accessible visitor capability throughout our park portfolio.  Our attendance ranges are nonetheless under the overall attendance ranges we achieved in 2019 and properly under our historic excessive attendance of roughly 25 million company recorded in 2008.  We have made important investments that we anticipate will proceed to ship robust returns and we now have particular plans we’re executing on in the present day and plans for the longer term that give us excessive confidence in our capacity to proceed to ship extra operational and monetary enhancements that we anticipate will result in significant will increase in shareholder worth,” continued Swanson.

“Looking ahead, we are very excited about our plans for 2023 and the investments that we have made and will be making that we expect will drive meaningful growth and new records in revenue and Adjusted EBITDA,” concluded Swanson.  

The Company has introduced its line-up of recent rides, points of interest, occasions and upgrades, together with, one thing new and significant in each considered one of its parks.  This line-up consists of, amongst others:

• Pipeline: The Surf Coaster at SeaWorld Orlando
• Serengeti Flyer swing at Busch Gardens Tampa Bay
• Darkoaster straddle coaster at Busch Gardens Williamsburg
• Arctic Rescue rollercoaster at SeaWorld San Diego
• Catapult Falls flume coaster at SeaWorld San Antonio
• Riptide Race waterslide at Water Country USA
• a refresh of Laguna Grill at Discovery Cove

The Company’s outcomes of operations for the third quarter and first 9 months of 2022 and 2021 proceed to be impacted by the worldwide COVID-19 pandemic due partly to a decline in each worldwide and group-related attendance from historic ranges.  Additionally, outcomes of operations for the primary 9 months of 2021 had been impacted by capability limitations, modified/restricted operations and/or non permanent park closures, decreased demand resulting from public considerations related to the pandemic, and extreme restrictions on worldwide journey.  In explicit, starting on April 1, 2021, capability on the Company’s Busch Gardens Williamsburg park was restricted to roughly 13,000 company.  On May 28, 2021, theme park capability restrictions within the State of Virginia had been eliminated.  At the start of the second quarter of 2021, the Company’s SeaWorld San Diego park was working beneath capability restrictions in compliance with state security tips for zoos.  On April 12, 2021, SeaWorld San Diego resumed theme park operations with restricted capability in accordance with the State of California tips for theme parks.  On June 15, 2021, all capability restrictions for SeaWorld San Diego had been eliminated in accordance with the State of California tips. 

Third Quarter 2022 Results

In the third quarter of 2022, the Company hosted roughly 7.3 million company, generated file whole income of $565.2 million, file web earnings of $134.6 million and file Adjusted EBITDA of $274.2 million. Total attendance for the quarter elevated by 0.1 million, or 1.5%, when in comparison with the prior yr quarter. 

Total income for the quarter elevated by $44.0 million, or 8.4%, when in comparison with the prior yr quarter.  The income enchancment was a results of a rise in whole income per capita and attendance.  Attendance benefitted largely from a rise in demand primarily from worldwide company when in comparison with prior yr, which was impacted by extra extreme COVID-19 associated restrictions on worldwide journey.  Attendance in the course of the third quarter was additionally unfavorably impacted by opposed climate, together with the impacts of Hurricane Ian in September 2022, which led to closures on the Company’s parks in Florida and Virginia for a mixed 15 working days. The Company estimates opposed climate together with the hurricane, contributed to a decline of roughly 90,000 company in the course of the quarter.  Compared to the third quarter of 2019, attendance decreased by 0.8 million company, or 9.7%, primarily resulting from a decline of worldwide visitor visitation and group-related attendance together with a calendar shift and opposed climate, partially offset by the impression of extra working days.  Excluding worldwide visitor visitation, group-related attendance, calendar shift and the impression of opposed climate (together with Hurricane Ian), attendance elevated by roughly 2% when in comparison with the third quarter of 2019.

Admission per capita elevated by 4.1% to $42.75, primarily because of the realization of upper costs within the Company’s admission merchandise ensuing from its strategic pricing efforts when in comparison with the prior yr quarter.  In-park per capita spending elevated 10.4% to $34.30.  In-park per capita spending improved resulting from a mix of things together with pricing initiatives, improved product high quality and blend and the impression of recent or enhanced and expanded venues and/or different in-park choices.  Adjusted EBITDA was positively impacted by the rise in whole income ensuing from enchancment in whole income per capita and attendance partially offset by a rise in bills.  The enhance in bills is primarily resulting from unusually excessive inflationary pressures, together with elevated advertising prices and prices related to new and/or expanded points of interest and occasions as in comparison with the prior yr quarter, which had been partially offset by structural price financial savings initiatives when in comparison with the third quarter of 2021.   

First Nine Months 2022 Results

In the primary 9 months of 2022, the Company hosted roughly 17.0 million company, generated file whole income of $1,340.7 million, file web earnings of $242.2 million and file Adjusted EBITDA of $574.6 million. Total attendance for the primary 9 months elevated by 1.8 million, or 11.5%, when in comparison with the primary 9 months of 2021. 

Total income for the primary 9 months of 2022 elevated by $207.8 million, or 18.3%, when in comparison with the primary 9 months of 2021.  The income enchancment was primarily a results of a rise in attendance and together with a rise in whole income per capita.  Attendance benefitted primarily from a rise in demand ensuing from a return to extra normalized operations when in comparison with the primary 9 months of 2021, which included COVID-19 associated impacts together with restricted working days, a brief park closure, capability limitations at among the Company’s parks and extra extreme restrictions on worldwide journey.  Compared to the primary 9 months of 2019, attendance declined primarily resulting from a decline from worldwide visitor visitation and group-related attendance, partially offset by the impression of extra working days when in comparison with 2019.  Excluding worldwide visitor visitation and group-related attendance, attendance elevated by roughly 2.2% when in comparison with the primary 9 months of 2019.

Admission per capita elevated by 4.4% to $43.52, primarily because of the realization of upper costs within the Company’s admission merchandise ensuing from its strategic pricing efforts, which was partially offset by the online impression of the admissions product combine when in comparison with the prior yr interval.  In-park per capita spending elevated 8.4% to $35.34 resulting from a mix of things together with pricing initiatives, improved product high quality and blend and the impression of recent or enhanced and/or expanded venues and/or occasions or different in-park choices, partially offset by the next mixture of move attendance when in comparison with the prior yr interval.  Adjusted EBITDA was positively impacted by the rise in whole income ensuing from enchancment in attendance and whole income per capita partially offset by a rise in bills.  The enhance in bills is primarily resulting from larger working prices associated to a return to extra normalized operations, together with labor and advertising prices and the impression of inflationary pressures which had been partially offset by structural price financial savings initiatives when in comparison with the primary 9 months of 2021.  

Share Repurchases 

The Company repurchased roughly 3.6 million shares of widespread inventory at a complete price of roughly $183.9 million from August 2022 by way of October 2022 beneath its prior share repurchase authorizations. From January 2022 by way of October 2022, the Company has repurchased roughly 12.3 million shares of widespread inventory or roughly 16% of whole shares excellent^[4] at a complete price of roughly $683.9 million. 

Leverage and Liquidity

As of September 30, 2022, the Company’s Total Net Leverage Ratio^[5] was 2.71x and whole accessible liquidity was $479.9 million.^[6]

Other

As of September 30, 2022, the Company’s present deferred income stability was $182.3 million, a rise of roughly 5.1% when in comparison with September 30, 2021, which included the impression of some COVID-19 associated product extensions and one-time objects, and a rise of 59.1% when in comparison with September 30, 2019. 

Rescue Efforts

In the third quarter of 2022, the Company got here to assistance from 229 animals in want. The whole variety of animals the Company has helped over its historical past is greater than 40,000 together with bottlenose dolphins, manatees, sea lions, seals, sea turtles, sharks, birds and extra.

The Company is a frontrunner in animal rescue.  Working in partnership with state, native and federal companies, the Company’s rescue groups are on name 24 hours a day, seven days every week, 12 months a yr, together with in the course of the non permanent park closures in 2020 and 2021 because of the COVID-19 pandemic. Consistent with its mission to guard animals and their ecosystems, rescue groups mobilize and infrequently journey a whole bunch of miles to assist sick, injured, orphaned or deserted wild animals in want of the Company’s professional care, with the aim of returning them to their pure habitat.

Conference Call

The Company will maintain a convention name in the present day, Wednesday, November 9, 2022 at 9 a.m. Eastern Time to debate its third quarter and first 9 months of fiscal yr 2022 monetary outcomes. The convention name shall be broadcast stay on the Internet and the discharge and convention name could be accessed by way of the Company’s web site at www.SeaWorldInvestors.com.  Prior to the decision, a slide presentation shall be posted on the investor relations part of the Company’s web site at www.SeaWorldInvestors.com. For these unable to take part within the stay webcast, a replay shall be accessible starting at roughly 12 p.m. Eastern Time on November 9, 2022 beneath the “Events & Presentations” tab of www.SeaWorldInvestors.com. A replay of the decision may also be accessed telephonically from 12 p.m. Eastern Time on November 9, 2022 by way of 11:59 p.m. Eastern Time on November 16, 2022 by dialing (877) 344-7529 from wherever within the U.S., (855) 669-9658 from wherever in Canada, or (412) 317-0088 from worldwide places and getting into the convention code 8677683.

Statement Regarding Non-GAAP Financial Measures and Key Performance Metrics

This earnings launch and accompanying monetary assertion tables embody a number of non-GAAP monetary measures, together with Adjusted EBITDA, Covenant Adjusted EBITDA and Free Cash Flow. Adjusted EBITDA, Covenant Adjusted EBITDA and Free Cash Flow usually are not acknowledged phrases beneath GAAP, shouldn’t be thought-about in isolation or as an alternative to a measure of monetary efficiency or liquidity ready in accordance with GAAP and usually are not indicative of web earnings or loss or web money offered by working actions as decided beneath GAAP.

Adjusted EBITDA, Covenant Adjusted EBITDA, Free Cash Flow and different non-GAAP monetary measures have limitations that needs to be thought-about earlier than utilizing these measures to guage an organization’s monetary efficiency or liquidity. Adjusted EBITDA, Covenant Adjusted EBITDA and Free Cash Flow as offered, is probably not similar to equally titled measures of different firms resulting from various strategies of calculation.

Management believes the presentation of Adjusted EBITDA is suitable because it eliminates the impact of sure non-cash and different objects not essentially indicative of the Company’s underlying working efficiency. Management makes use of Adjusted EBITDA in reference to sure parts of its government compensation program. In addition, traders, lenders, monetary analysts and ranking companies have traditionally used EBITDA-related measures within the Company’s trade, together with different measures, to estimate the worth of an organization, to make knowledgeable funding choices and to guage firms within the trade.

Management believes the presentation of Covenant Adjusted EBITDA for the final twelve months is suitable because it supplies extra info to traders concerning the calculation of, and compliance with, sure monetary covenants within the Company’s credit score settlement governing its Senior Secured Credit Facilities and the indentures governing its Senior Notes and First-Priority Senior Secured Notes (collectively, the “Debt Agreements”). Covenant Adjusted EBITDA is a fabric part of those covenants.

Management believes that Free Cash Flow is helpful to traders, fairness analysts and ranking companies as a liquidity measure. The Company makes use of Free Cash Flow to guage its capacity to generate money move from enterprise operations.  Free Cash Flow doesn’t symbolize the residual money move accessible for discretionary expenditures, because it excludes sure expenditures equivalent to obligatory debt service necessities, that are important. Free Cash Flow isn’t outlined by GAAP and shouldn’t be thought-about in isolation or as a substitute for web money offered by (utilized in) working, investing and financing actions or different monetary information ready in accordance with GAAP. Free Cash Flow as outlined above might differ from equally titled measures offered by different firms. 

This earnings launch consists of the Company’s Total Net Leverage Ratio which is a non-GAAP monetary metric outlined within the Company’s credit score settlement governing its Senior Secured Credit Facilities as whole consolidated debt much less unrestricted money divided by Covenant Adjusted EBITDA for the final twelve month interval.  Management believes the presentation of the Total Net Leverage Ratio is suitable because it supplies extra info to traders concerning the calculation of, and compliance with, sure monetary covenants within the Company’s Debt Agreements. The Total Net Leverage Ratio is a fabric part of those covenants.

This earnings launch consists of a number of key efficiency metrics together with whole income per capita (outlined as whole income divided by attendance), admission per capita (outlined as admissions income divided by attendance) and in-park per capita spending (outlined as meals, merchandise and different income divided by attendance).  These efficiency metrics are utilized by administration to evaluate the working efficiency of its parks on a per attendee foundation and to make strategic working choices.  Management believes the presentation of those efficiency metrics is helpful and related for traders because it supplies traders the flexibility to assessment monetary efficiency in the identical method as administration and supplies traders with a constant methodology to investigate income between durations on a per attendee foundation.   In addition, traders, lenders, monetary analysts and ranking companies have traditionally used comparable per-capita associated efficiency metrics to guage firms within the trade.

About SeaWorld Entertainment, Inc.

SeaWorld Entertainment, Inc. (NYSE: SEAS) is a number one theme park and leisure firm offering experiences that matter, and galvanizing company to guard animals and the wild wonders of our world. The Company is among the world’s foremost zoological organizations and a world chief in animal welfare, coaching, husbandry and veterinary care. The Company collectively cares for what it believes is among the largest zoological collections on the earth and has helped lead advances within the care of animals. The Company additionally rescues and rehabilitates marine and terrestrial animals which can be sick, injured, orphaned or deserted, with the aim of returning them to the wild. The SeaWorld® rescue crew has helped over 40,000 animals in want over the Company’s historical past.  SeaWorld Entertainment, Inc. owns or licenses a portfolio of acknowledged manufacturers together with SeaWorld®, Busch Gardens®, Aquatica®, Sesame Place® and Sea Rescue®. Over its greater than 60-year historical past, the Company has constructed a diversified portfolio of 12 vacation spot and regional theme parks which can be grouped in key markets throughout the United States, a lot of which showcase its one-of-a-kind zoological assortment. The Company’s theme parks characteristic a various array of rides, reveals and different points of interest with broad demographic enchantment which ship memorable experiences and a robust worth proposition for its company.

Copies of this and different information releases in addition to extra details about SeaWorld Entertainment, Inc. could be obtained on-line at www.seaworldentertainment.com. Shareholders and potential traders may also register to robotically obtain the Company’s press releases, SEC filings and different notices by e-mail by registering at that web site.

Forward-Looking Statements

In addition to historic info, this press launch incorporates statements referring to future outcomes (together with sure projections and enterprise developments) which can be “forward-looking statements” inside the which means of the federal securities legal guidelines. The Company typically makes use of the phrases equivalent to “might,” “will,” “may,” “should,” “estimates,” “expects,” “continues,” “contemplates,” “anticipates,” “projects,” “plans,” “potential,” “predicts,” “intends,” “believes,” “forecasts,” “future,” “guidance,” “targeted,” “goal” and variations of such phrases or comparable expressions on this press launch and any attachment to determine forward-looking statements. All statements, aside from statements of historic info included on this press launch, together with statements regarding plans, goals, objectives, expectations, beliefs, enterprise methods, future occasions, enterprise circumstances, outcomes of operations, monetary place, enterprise outlook, earnings steering, enterprise developments and different info are forward-looking statements. The forward-looking statements usually are not historic info, and are based mostly upon present expectations, beliefs, estimates and projections, and numerous assumptions, a lot of which, by their nature, are inherently unsure and past administration’s management. All expectations, beliefs, estimates and projections are expressed in good religion and the Company believes there’s a cheap foundation for them. However, there could be no assurance that administration’s expectations, beliefs, estimates and projections will outcome or be achieved and precise outcomes might differ materially from what’s expressed in or indicated by the forward-looking statements. These forward-looking statements are topic to numerous dangers, uncertainties and different necessary components, a lot of that are past administration’s management, that would trigger precise outcomes to vary materially from the forward-looking statements contained on this press launch, together with amongst others: the consequences of the worldwide COVID-19 pandemic, or any associated mutations of the virus and its impression on the Company’s enterprise and the financial system usually; failure to rent and/or retain staff; a decline in discretionary client spending or client confidence, together with any unfavorable impacts from Federal Reserve rate of interest actions which can affect discretionary spending, unemployment or the general financial system; numerous components past the Company’s management adversely affecting attendance and visitor spending at its theme parks, together with, however not restricted to, climate, pure disasters, labor shortages, inflationary pressures, provide chain delays or shortages, international trade charges, client confidence, the potential unfold of travel-related well being considerations together with pandemics and epidemics (such because the latest declaration by the World Health Organization of Monkeypox as a world well being emergency), journey associated considerations, opposed normal financial associated components together with rising rates of interest, financial uncertainty, and up to date geopolitical occasions exterior of the United States, and governmental actions; advanced federal and state laws governing the therapy of animals, which may change, and claims and lawsuits by activist teams earlier than authorities regulators and within the courts; activist and different third-party teams and/or media can stress governmental companies, distributors, companions, and/or regulators, carry motion within the courts or create unfavourable publicity about us; incidents or opposed publicity regarding the Company’s theme parks, the theme park trade and/or zoological services; environmental, social and company governance (“ESG”) issues or associated incidents, together with inclusion and variety issues, the Company’s reporting of such issues, or sustainability rankings may negatively impression the Company’s enterprise and outcomes of operations; a good portion of the Company’s revenues have traditionally been generated within the States of Florida, California and Virginia, and any dangers affecting such markets, equivalent to pure disasters, closures resulting from pandemics, extreme climate and travel-related disruptions or incidents; seasonal fluctuations in working outcomes; lack of ability to compete successfully within the extremely aggressive theme park trade; interactions between animals and the Company’s staff and its company at points of interest at its theme parks, animal publicity to infectious illness; excessive mounted price construction of theme park operations; altering client tastes and preferences; cyber safety dangers to the Company or its third-party suppliers,  failure to keep up or shield the integrity of inner, worker or visitor information, and/or failure to abide by the evolving cyber safety regulatory surroundings; know-how interruptions or failures that impair entry to the Company’s web sites and/or info know-how techniques; elevated labor prices, together with minimal wage will increase, and worker well being and welfare advantages; lack of ability to develop the enterprise or fund theme park capital expenditures; lack of ability to appreciate the advantages of developments, restructurings, acquisitions or different strategic initiatives, and the impression of the prices related to such actions; lack of ability to remediate an recognized materials weak point on a well timed foundation; opposed litigation judgments or settlements; lack of ability to guard the Company’s mental property or the infringement on mental property rights of others; the lack of licenses and permits required to exhibit animals or the violation of legal guidelines and laws; unionization actions and/or labor disputes; lack of ability to keep up sure industrial licenses; restrictions in its debt agreements limiting flexibility in working the enterprise; lack of ability to retain the Company’s present credit score rankings; the Company’s leverage and rate of interest threat; insufficient insurance coverage protection; lack of ability to buy or contract with third social gathering producers for rides and points of interest, development delays or impacts of provide chain disruptions on current or new rides and points of interest; environmental laws, expenditures and liabilities; suspension or termination of any of the Company’s enterprise licenses, together with by laws at federal, state or native ranges; delays, restrictions or lack of ability to acquire or keep permits; monetary misery of strategic companions or different counterparties; tariffs or different commerce restrictions; actions of activist stockholders; the flexibility of Hill Path Capital LP and its associates to considerably affect its choices; the insurance policies of the U.S. President and his administration or any adjustments to tax legal guidelines; adjustments within the technique for figuring out LIBOR and the potential substitute of LIBOR might have an effect on its price of capital; mandates associated to COVID-19 vaccinations for workers; adjustments or declines in its inventory worth, in addition to the danger that securities analysts may downgrade the Company’s inventory or its sector; dangers related to the Company’s capital allocation plans and share repurchases, together with the danger that its share repurchase program may enhance volatility and fail to boost stockholder worth and different dangers, uncertainties and components set forth within the part entitled “Risk Factors” within the Company’s most lately accessible Annual Report on Form 10-Ok, as such dangers, uncertainties and components could also be up to date within the Company’s periodic filings with the Securities and Exchange Commission (“SEC”). Although the Company believes that these statements are based mostly upon cheap assumptions, it can not assure future outcomes and readers are cautioned to not place undue reliance on these forward-looking statements, which mirror administration’s opinions solely as of the date of this press launch. There could be no assurance that (i) the Company has appropriately measured or recognized the entire components affecting its enterprise or the extent of those components’ seemingly impression, (ii) the accessible info with respect to those components on which such evaluation relies is full or correct, (iii) such evaluation is appropriate or (iv) the Company’s technique, which relies partly on this evaluation, shall be profitable. Except as required by legislation, the Company undertakes no obligation to replace or revise forward-looking statements to mirror new info or occasions or circumstances that happen after the date of this press launch or to mirror the incidence of unanticipated occasions or in any other case. Readers are suggested to assessment the Company’s filings with the SEC (which can be found from the SEC’s EDGAR database at www.sec.gov and by way of the Company’s web site at www.seaworldinvestors.com).

Investor Relations:
Matthew Stroud
Investor Relations
855-797-8625 
[email protected]

Media:
Lisa Cradit
SVP – Head of Communications
(646) 245-2476
[email protected]

Libby Panke
FleishmanHillard
(314) 719-7521
[email protected]

SOURCE SeaWorld Entertainment, Inc.