Exhibit 99.1
 
vaila05.jpg

Vail Resorts Contacts:
Investor Relations:  Michael Barkin, (303) 404-1800, InvestorRelations@vailresorts.com    
Media:  Kelly Ladyga, (303) 404-1862, kladyga@vailresorts.com
 
Vail Resorts Reports Fiscal 2016 Fourth Quarter and Full Year Results and Provides Fiscal 2017 Outlook
BROOMFIELD, Colo. - September 26, 2016 - Vail Resorts, Inc. (NYSE: MTN) today reported results for its fourth quarter and fiscal year ended July 31, 2016 and provided its outlook for the fiscal year ending July 31, 2017.
Highlights
Net income attributable to Vail Resorts, Inc. was $149.8 million for fiscal 2016, an increase of 30.5% compared to fiscal 2015 or 46.6%, excluding the $12.6 million after-tax non-cash gain on the Park City litigation settlement in fiscal 2015.
Resort Reported EBITDA was $452.6 million for fiscal 2016, an increase of 29.5%, excluding the $16.4 million non-cash gain on the Park City litigation settlement in fiscal 2015.
Season pass sales through September 18, 2016 for the upcoming 2016/2017 U.S. ski season increased approximately 24% in units and 29% in sales dollars versus the comparable period in the prior year.
On August 8, 2016, the Company announced that it signed an agreement to acquire all of the outstanding shares of Whistler Blackcomb Holdings Inc. The Company continues to expect the acquisition to close this fall pending Whistler Blackcomb shareholder and Canadian regulatory approval.
The Company issued its fiscal 2017 guidance range and expects Resort Reported EBITDA to be between $480 million and $510 million, excluding results from Whistler Blackcomb and any transaction-related or integration costs.
Commenting on the Company’s fiscal 2016 results, Rob Katz, Chief Executive Officer, said, “We achieved another year of record-breaking results with significant growth across our business. We are very pleased to complete the year with Resort Reported EBITDA of $452.6 million, which included $1.4 million of transaction expenses related to the pending Whistler Blackcomb acquisition. Our results were driven by the strength of our network and excellent results across all of our resort locations. Our season pass program continued to drive both growth and stability with season pass revenue increasing 21.5% compared to the prior year, including a full season of Perisher season pass revenue in fiscal 2016. We experienced another outstanding year in Colorado with visitation and guest spending outperforming last year’s results. In Park City, we met our very high expectations following our capital transformation last summer that combined Park City and Canyons into the largest mountain resort in the U.S. Tahoe results rebounded strongly as favorable weather conditions helped to reactivate visitation in the region. We officially launched Epic Discovery at Vail and Heavenly this summer, driving significant increases in visitation and revenue in the fourth quarter of


The following information was filed by Vail Resorts Inc (MTN) on Monday, September 26, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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