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Intrawest Announces First Quarter Numbers

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Vancouver, B.C., Canada Nov. 15–Intrawest Corporationannounced that total revenue for the first quarter ended September 30, 1999increased 50 percent to $125.7 million from $83.7 million reported in thefirst quarter in 1998. Total company EBITDA for the quarter increased 45percent to $11.7 million from $8.1 million in 1998.

Losses from continuing operations for the quarter was $3.2 million comparedwith $1.7 million for the same period last year.

Ski and resort operations revenue was $55.1 million compared to $37.2million last year. At the individual resorts, Whistler/Balckcomb saw arevenue growth of 56 percent, 21 percent at Tremblant and 19 percent atSnowshoe.