Event Brief of Q1 2007 International Speedway Earnings Conference Call - Final.

Original Source: FD (FAIR DISCLOSURE) WIRE

PARTICIPANTS

. John Saunders, International Speedway Corporation, EVP, COO . Susan Schandel, International Speedway Corporation, SVP, CFO . Wes Harris, International Speedway Corporation, Senior Director Corporate Investor Communications . Tim Conder, A.G. Edwards & Sons, Analyst

. Greg Badishkanian, Citigroup, Analyst . John Fox, Fenimore Asset Management, Analyst . Bob Simonson, William Blair & Company, Analyst

. Dennis McAlpine, McAlpine Associates, Analyst

OVERVIEW

ISCA posted solid revenue and earnings. Income from continuing operations for the three months ended 02/28/2007 was $35.8m or $0.67 per diluted share. Expects full-year 2007 total revenues to range between $800-820m. Co. anticipates non-GAAP earnings for FY07 to range between $3.10-3.20 per diluted share.

FINANCIAL DATA

A. Key Data From Call 1. Income from continuing operations for the three months ended 02/28/2007 = $35.8m. 2. EPS for the three months ended 02/28/2007 = $0.67 per diluted share. 3. 1Q07 combined cash and short-term investments = $98.8m. 4. 1Q07-end total debt = approx. $444m. 5. 1Q07 shares repurchased = 209,736 shares of Class A stock for approx. $11m. 6. Expected FY07 expected total revenues = $800-820m. 7. Expected FY07 non-GAAP earnings =$3.10-3.20.

PRESENTATION SUMMARY

S1. 1Q07 Business Review (J.S.) 1. 1Q07 Highlights: 1. ISCA posted solid revenue and earnings. 2. Supporting the results was the overall success of major events during the period, which were fueled by strong growth in: 1. Corporate sponsorship. 2. Hospitality.

3. Advertising. 4. Other motorsports related revenue.

3. The expected decline in television revenue due to the start of

NASCAR's new combined eight-year broadcast rights agreements

impacted YoverY comparability. 2. Specific Events: 1. The 2007 racing season kicked off with a DirecTV Speedweeks at

Daytona. 2. The 45th running of Grand-Am Rolex 24 at Daytona was a success, including posting a double-digit attendance increase

over 2006. 1. This prestigious event continues to draw some of the top names and talents in motorsports. 2. In the end, it was NASCAR's NEXTEL Cup Rookie Juan Pablo Montoya and teammate Scott Pruett and Salvador Duran who grabbed checkered flag in the third closest finish in the Rolex 24 history. 3. In Speedweeks, the Budweiser Shootout produced an exciting show for the fans as Tony Stewart captured his third victory in the 29th Annual Exhibition. 4. Cooler weather impacted walk-up sales for some of the later events during Speedweeks, including the Gatorade Duel at Daytona and the Chevy Silverado HD 250. 1. Temperatures, the evening of the Truck race slid into the low 40s, which resulted in a significant decline in walk-up traffic. 5. Attendance for the Orbitz 300 Busch Series race was comparable to the prior year. 3. Great American Race: 1. Once again hosted a sold-out crowd for the 49th Annual Daytona 500. 2. This year's event featured one of the most exciting finishes in recent history as Kevin Harvick narrowly beat Mark Martin to take the Checkers by [two-one-hundredth of a second] the closest finish since the advent of computer scoring in 1993. 3. The race also posted strong television results despite being one of the shortest Daytona 500s over a decade, a factor that impacted overall viewership.

4. The strong viewership lead in from 2006 Winter Olympics was

expected to make YoverY comparisons difficult. 5. Despite these challenges, the 2007 Daytona 500 was still the highest rated sports event of the weekend and ranks among the Top 5 highest rated in broadcast history. 6. In addition to the outstanding on track competition that is the hallmark of ISCA's marquee event, the Daytona 500 continues to draw broad media and celebrity awareness. 7. American Idol winner Kelly Clarkson performed during the NEXTEL tribute to America Pre-race Show and award winning

actor Nicholas Cage served as Grand Marshall. 8. More mainstream media outlets from across the country and around the world descended on Daytona Beach this past Feb. than ever before to report from America's biggest, richest, and most prestigious race. 1. This continued rise in media and fan awareness bodes well for the future of the sport. 4. California Speedway: 1. Hosted an exciting weekend of Cup, Busch, and Craftsman Truck racing highlighted by back-to-back wins by Matt Kenseth on Saturday and Sunday.

2. Corporate spending for the weekend increased over the prior

year as did grandstand attendance for the Nextel Cup Race.

3. Encouraged by the current YoverY results and remains optimistic for the long-term success in the nation's second largest media market. 5. 2Q07 Events: 1. Daytona hosted Bike Week in early March, highlighted by the AMA Daytona Supercross and Daytona 200, both presented by Honda. 2. Homestead-Miami kicked off its 2007 season with a very successful weekend of Indy Car, Grand-Am, and USAC racing posting double-digit growth in weekend attendance. 3. NEXTEL Cup and Craftsman Truck Series returned to

Martinsville. 4. Fans were treated to two great days of short-track competition highlighted by the Car of Tomorrow, which resulted in an outstanding show in front of a near sold-out crowd on Sunday. 5. For the remainder of 2Q07, Co. will host four consecutive Cup and Busch Series weekends at Phoenix, Talladega, Richmond, and Darlington. 6. Sponsorship: 1. Corporate partner spending was strong during 1Q07 posting a nearly double-digit increase over the prior year. 2. Contributing to the revenue growth was the new relationship with DirecTV as the first ever presenting sponsor for Speedweeks at Daytona. 3. Currently has three opened or unannounced NEXTEL Cup entitlements, which is consistent with where ISCA was at this point last year. 4. Recently secured Citizens Bank as title sponsor of Michigan's June Cup race. 5. Has two remaining race entitlements in Busch, Craftsmen Truck and Indy Car series. 6. Negotiations with potential sponsors are ongoing and expects to announce additional entitlement partners in the coming months. 7. CapEx: 1. Continues to expect CapEx at Co.'s existing facilities to range between $80-90m for 2007. 2. Construction continues at Richmond on the new grandstand structure outside Turn One that will seat 7,800 fans. 1. The structure includes a new 700-person club level called

Torque, which offers a premium fan experience. 3. As part of the renovation, Co. is removing several sections of seats with obstructed views in Turns Three and Four. 1. The net …