{
  "docId": "019dd923-622b-71dc-a6dd-bca6057ac775",
  "docSlug": "239b4bdd7d55",
  "documentTitle": "Six Flags Entertainment Corp. (SIX)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Land & Buildings",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 28,
  "pageCount": 38,
  "prevPage": 27,
  "nextPage": 29,
  "slideType": "key_takeaways",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide uses a 'low bar' argument to suggest upside potential for investors.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bullet_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dd-bca6057ac775/28",
  "deckHref": "/decks/019dd923-622b-71dc-a6dd-bca6057ac775",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dd-bca6057ac775.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dd-bca6057ac775#slide-28",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.82
      },
      "kind": "callout",
      "text": "Jury is out if “premiumization” is correct strategy, but what is clear is that the optimal version of this strategy was not in place this year – SIX has a low bar to exceed next year",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a8026230-e03a-403f-8252-6c9887cebb15",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Jury is out if “premiumization” is correct strategy, but what is clear that the optimal version of this strategy was not in place this year – SIX has a low bar to exceed next year",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-ee3c-76df-964c-3df193aa8e28",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "list",
      "text": "Six Flags has clear opportunities to improve results on both revenue and expenses. SIX analysts appear far too conservative on 2023 attendance and EBITDA estimates.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "20aa7fe1-d148-4af0-9701-119f637ea158",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.9,
        "x": 0.05,
        "y": 0.38
      },
      "kind": "list",
      "text": "Multiple revenue growth levers to drive outsized growth in 2023: Adding back modified dining passes, targeted marketing, conversion of single-day to season passes, new customer base, flash passes, and group visits.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "97a76c1e-972f-4812-a2ee-87b241a21f9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "list",
      "text": "SIX likely to continue to control and cut costs: Decentralizing management, reducing redundant offerings, optimizing labor, and lowering opex/G&A below 2019 levels.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aa6560c1-d8d2-413d-9424-e6a5b8ba97be",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "title",
      "text": "PATH TO MEET OR EXCEED INVESTOR EXPECTATIONS",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c2d1062c-99e8-45dd-8fc4-8a85dcf66e70",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.5,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "LOW EXPECTATIONS FOR 2023 EARNINGS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f38af3f9-044d-4a2d-97f3-265a94dd7e7b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before-After-Bridge",
      "slug": "before-after-bridge",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "c6b11265-06bf-4ebb-ac2c-fde099d56a52",
      "evidence": "Multiple revenue growth levers to drive outsized growth in 2023: Adding back modified dining passes, targeted marketing, conversion of single-day to season passes, new customer base, flash passes, and group",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "action-titles",
      "slug": null,
      "matchId": "0c7bc941-cc99-4140-a368-fc6e46c98b19",
      "evidence": "The slide uses a clear action-oriented headline to summarize the argument.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 28,
      "from": 24,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "1c66e4b1-68d1-4686-acf9-ae0baa86359f",
      "evidence": "The deck highlights the consequences of not taking action, including continued underperformance.",
      "position": 0,
      "objective": "What are the consequences of not taking action?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}