Six Flags Entertainment (FUN) 8-K Cedar Fair Commences Offering of $500 Million Senior Unsecured Notes

1

2009 Return on Capital Analysis

(in millions)

Other parks

2008

2009

‘09 vs. ‘08

2008

2009

‘09 vs. ‘08

2008

2009

‘09 vs. ‘08

Attendance 

1.1

1.1

(0.0)

2.7

2.9

0.2

18.9

17.2

(1.7)

% Growth

1.5%

(1.9%)

7.8%

6.7%

2.2%

(9.2)%

In-Park Guest Per Capita 

$35.18

$34.98

($0.20)

$38.69

$38.45

($0.24)

$40.64

$40.07

($0.59)

% Growth

1.3%

(0.6%)

(5.0%)

(0.6%)

(0.7%)

(1.5%)

Revenue 

$40.8

$39.6

($1.2)

$101.8

$108.0

$6.2

$847.7

$758.8

($88.9)

% Growth

2.1%

(3.0%)

2.2%

6.1%

0.6%

(10.4%)

EBITDA 

$11.3

$12.8

$1.5

$42.6

$49.7

$7.1

$323.8

$276.2

($47.6)

% Growth 

(3.5%)

13.3%

9.9%

16.8%

3.5%

(15.7%)

% Margin 

27.8%

32.4%

41.8%

46.0%

38.2%

35.9%

Capital Investment

(a)

$0.8

$8.5

$7.7

$0.6

$22.0

$21.5

$69.0

$24.8

($45.2)

1-Year ROIC vs. Flat Year

(b)

17.6%

32.4%

1-Year ROIC vs. Company Baseline

(c)

37.6%

61.4%

Best New Ride in 2009

(d)

Best New Ride in 2009 Runner-up

(d)

(a)

Equal to capital invested in the parks beginning in the fall of the prior year through the operating season of the year shown; typically the capital is primarily spent in the fall and

spring in preparation for the upcoming operating season.  Excludes corporate capital investment

(b)

Company measure computed as change in EBITDA divided by CapEx

(c)

Company measure computed as 2009 EBITDA less 85% of 2008 EBITDA divided by CapEx

(d)

Source: Amusement Today, September 2009

Despite the economic environment, Cedar Fair generated impressive

returns on invested capital in 2009

Exhibit 99.2