Business Description

The Company is North America's largest regional amusement park operator with 26 amusement parks, 15 separately gated water parks and nine resort properties. Of the 41 amusement and water parks, 37 are located in the United States, two are located in Mexico and two are located in Canada. The parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with exciting rides and immersive entertainment. The Company generates revenue from sales of admission to the amusement parks and water parks, from purchases of food, merchandise and games both inside and outside the parks, from the sale of accommodations and other extra-charge products, and other revenue sources. The Company purchases rides and attractions, inventory, operating and maintenance supplies, and services from a variety of suppliers both domestic and abroad. The Company's operations are seasonal. In 2025, approximately 70% of annual attendance and revenue occurred during the second and third quarters. As a result, a substantial portion of the Company's revenues are expected to be generated from Memorial Day through Labor Day with the major portion concentrated during the peak vacation months of July and August. The demographic groups that are most important to the business are families and young people ages 12 through 24. Families are believed to be attracted by a combination of rides, live entertainment and the clean, wholesome atmosphere. Young guests are believed to be attracted by the action-packed rides. The Company conducts active advertising campaigns in its major market areas geared toward these two groups. The Company's U.S. parks are located in geographically diverse markets across the country and serve each of the top 10 designated market areas, as determined by a survey of radio markets published by The Nielsen Company in fall 2025. DESCRIPTION OF THE PARKS Park Year Developed/Acquired Location Designated Operating Area and Rank* Cedar Point Cedar Point Shores (1) 1870 Sandusky, Ohio Cleveland (37) Detroit (14) Valleyfair 1978 Shakopee, Minnesota Minneapolis-St. Paul (15) Dorney Park 1992 Allentown, Pennsylvania Philadelphia (9) New York (1) Worlds of Fun (2) 1995 Kansas City, Missouri Kansas City (35) Knott's Berry Farm Knott's Berry Farm Soak City (3) 1997 Buena Park, California Los Angeles (2) Michigan's Adventure 2001 Muskegon, Michigan Grand Rapids (69) California's Great America (4) 2006 Santa Clara, California San Jose (39) San Francisco (6) Sacramento (30) Canada's Wonderland 2006 Vaughan, Ontario, Canada N/A Carowinds (5) 2006 Charlotte, N. Carolina and Fort Mill, S. Carolina Charlotte (20) Greensboro (48) Greenville (53) Kings Dominion (6) 2006 Doswell, Virginia Richmond (52) Norfolk (46) Baltimore (23) Washington, D.C.…