FULL SPEED AHEAD Setting The Pace For A New Era In Entertainment

Speedway Motorsports,Inc. 2000 Annual Report. “Under the new broadcast arrange- ments, we believe network and media exposure will increase expo- nentially, brightening the spotlight on our sport like never before.” – TO OUR STOCKHOLDERS

Innovation– the fuel that keeps moving Our efforts to continually forward at lightning . Since our inception bolster interest in our sport more than 40 years ago, we have brought many included the construction of firsts to our sport, setting precedents the others short tracks at Lowe’s Motor follow. Never satisfied to stand still, innovation Speedway and Motor continues to be our driving force. Speedway. Proving that everything old is new again, the new venues gave our Company the opportunity 2000 was a year in which we struggled against to return to our roots, and let fans experience the elements beyond our control. Lack of promotion by incomparable and unpredictable atmosphere of dirt broadcasters cooled overall media interest in the sport. track competition. The popularity of the tracks in We experienced one of the worst years in terms of Charlotte and Texas compelled us to offer a series weather. Also, the lack of an exciting Championship of dirt track races in Bristol, where new attendance point race in the Winston Cup Series further damp- records were set for two dirt ened ticket interest for the racing series. last six months of the year. A unique approach to fan It was also a year of transi- relations led to the forma- tion for our Company and the tion of the Fans First pro- entire industry as we entered gram. This innovative ini- a new era of shifting econom- tiative is aimed at honoring ics and consolidated media and retaining our fans, the opportunities. The new individuals truly responsible NASCAR television package for our success, by offering a announced in late 1999 variety of benefits, including granted domestic television a freeze on 2001 ticket prices. rights to four broadcasters. In addition, ancillary rights will go to a variety of Despite the challenges of 2000, we still achieved non-traditional media, including pay-per-view and a nine percent increase in total revenues and a 12 Internet outlets. percent increase in operating income over the prior year. Our ability to grow the Company in the face of These broadcast arrangements did not go into effect such challenges illustrates our drive for exceptional until 2001, and during the interim, existing broad- performance and our operational strengths. casters were unwilling to invest promotional dollars Speedway Motorsports in a product they would no longer control. Without is ideally positioned to promotional muscle, television ratings lagged and take advantage of fan enthusiasm seemed to dissipate. Rest assured, the opportunities Bruton Smith Chairman and CEO the lag is only temporary. Television ratings for 2001 that lie ahead. are already up substantially. Under the new broadcast arrangements, we believe network and media exposure will increase exponentially, brightening the spotlight on our sport like never before. H.A. Wheeler COO and President Growth Strategy • Expansion and improvement of existing facilities • Enhancement of broadcast and sponsorship revenues • Further development of Finish Line Events, 600 Racing and Performance Racing Network • Additional events and increased usage of existing facilities • Acquisition and development of additional motorsports facilities NEW ECONOMICS

Shifting Into High Gear The motorsports industry is undergoing another Building on this momen- revival. Our fan base today is more diverse and tum, NASCAR finalized expansive than ever. A record broadcasting rights negotiations of a consolidated package puts us on the cusp of unprecedented Broadcast Ancillary Rights media exposure and earnings potential. At no other Package in 2001 which includes time in history has our sport been surrounded by so NASCAR.com, the NASCAR Channel, NASCAR much attention and enthusiasm. And never before International Broadcast Rights, Satellite Radio has our Company been so strategically poised to Broadcast, NASCAR Images, SportsVision, FanScan embrace the fervor. and pay-per-view telecasts. These previously unex- ploited media rights open untapped and foreign At Speedway Motorsports, we are shifting into high markets, intensifying the media coverage of our gear. And our prospects for the future are wide open. sport and accelerating the growth of the entire indus- try. The Ancillary Rights Welcome To The Next Era Package totals more than The year 2000 represented $245 million in revenues the last year of an era in over a 12-year period, with the motorsports industry. annual increases averaging NASCAR continued to 35% from 2001 through reach new milestones as 2006, and includes an addi- the fastest-growing spectator tional profit participation sport in the , aspect. and our fundamental busi- ness began a transformation. Total NASCAR broadcast revenues to Speedway History was made in late Motorsports – including 1999 when NASCAR negotiated a consolidated Domestic and Ancillary Rights – should approximate Domestic Broadcast Rights package for all Winston $68 million in 2001. This represents a $38 million Cup and Busch Series promoters. Under this agree- increase over 2000 revenues. Clearly, these agree- ment, Fox Sports, FX Networks, NBC Sports and ments redefine the industry as we know it. It moves Turner Sports contracted for NASCAR Winston Cup NASCAR into entirely new territories of possibility Series and Busch Series Grand National Division and prepares Speedway Motorsports for uncharted Domestic Broadcast Rights. These rights are successes in the future. valued at $2.4 billion over a six- year period. Total net domestic '00 354.3 '00 107.7 television broadcast revenues to '99 317.5 '99 98.7 the industry could approximate '98 229.8 '98 79.8

$257 million in 2001, with annual '97 192.1 '97 68.4 increases averaging 17 percent '96 102.1 '96 39.3 from 2001 through 2006. dollars in millions $0 50 100 150 200 250 300 350 dollars in millions $0 20 40 60 80 100 Revenues Operating Income Blazing An Impressive Trail Speedway Motorsports owns and operates six for both the sprint cars motorsports facilities strategically located in three and UDTRA dirt late model series. of the top ten television markets in the country. A new seating addition at the top of Turns One and Each facility is located near a major urban area or Two Grandstands quickly sold out for all four major a vacation destination and all uphold the SMI NASCAR races – as a result, almost 500,000 attended commitment to quality, ongoing innovation and these races in 2000. And while hosting NHRA’s all- perpetual growth. Throughout the 2000 season, star event, The Winston Showdown, Bristol Dragway our speedways were all moving full speed ahead. announced it was bringing an NHRA Nationals event to Thunder Valley in 2001. The all-new event will be called The competition was ferocious at Atlanta Motor The Mac Tools Thunder Valley Nationals. Speedway in 2000. March’s Cracker Barrel Old Country The speedway finished out the year with another bright Store 500 produced the closest finish in track history as spot, the fourth season of well as an amazing 30 lead Fantasy In Lights, a holiday changes among 17 leaders. It light spectacular benefiting was a true photo finish by the Bristol Chapter of over Bobby Speedway Children’s Labonte. This kind of ultra- Charities. competitive racing reinforced the track’s reputation as the Motor Speedway fastest track on the circuit, It was a year of breaking and also as one of the most records and reaching mile- competitive. stones at Las Vegas Motor In July, the Indy Racing Speedway. The largest crowd Northern Light Series lit up a ever to attend a sporting hot night as captured the pole and set a new event west of Texas saw capture victories race record. November marked the season’s end with in the NASCAR Winston Cup Series and in the Sam’s becoming the fourth Winston Cup driver Town 300 NASCAR Busch Series races. to record his first win of the season at the NAPA 500. With the opening of The Bullring, a 3/8-mile, paved oval that hosts the NASCAR Weekly Racing Series, Las Vegas’ racing program was broadened to include Continuing its reign as NASCAR fans’ favorite high-speed, wheel-to-wheel drama nearly every speedway, Bristol Motor Speedway entered new weekend of the year. Impressive crowds of enthusi- territory to attract more fans to East . astic fans packed into this facility weekly to witness Speedway management stunned fans in June by the best in short track entertainment. dumping more than 1,400 truckloads of red Tennessee Also in 2000, the National Hot Rod Association made clay on Bristol’s concrete oval to host two weekends its Las Vegas debut. An overflow crowd filled The of exciting dirt racing. Attendance records were set Strip at LVMS to watch superstars like John Force STATE-OF-THE-ART FACILITIES

and Kenny Bernstein race at speeds of over 300 the 2003 racing season, miles per hour. Other notable visitors included the will dramatically expand Indy Racing League, the American LeMans Series seating, corporate facilities, and the Pennzoil World of Outlaws. and fan amenities while improving traffic access. Lowe’s Motor Speedway The year 2000 saw Charlotte’s Lowe’s Motor Included will be the Speedway rise to new heights – literally. With the following enhancements: construction of the 10,000-seat Ford Grandstand, • 64,000 new hillside terrace seats • 25,000 new grandstand seats Lowe’s Motor Speedway is now the second largest • 19 new hospitality suites sporting facility in the United States. The year’s • Underground pedestrian tunnels event highlights included ’s NASCAR • Dramatically expanded entrance gates and access roads to reduce traffic congestion Winston Cup victory at May’s Coca-Cola 600 and veteran ’s win at the UAW-GM Quality Texas Motor Speedway 500 in October. roared through its 2000 The Speedway’s Dirt Track season hosting some of the opened in May with the largest crowds of the year for high-velocity excitement each touring series. The 1.5- of the Pennzoil World of mile superspeedway located Outlaws. won near Fort Worth welcomed the main event and came the NASCAR Winston Cup, back to repeat his domi- Busch and Craftsman Truck nance of the new track by series as well as the Indy winning again in October. Racing Northern Light Series.

It was standing room only for the opening of the Sears Point Raceway Speedway’s new Dirt Track in April. In addition, Sears Point Raceway saw 350 days and 50 weekends the Speedway’s road course was inaugurated with of on-track action in 2000. The Raceway welcomed the running of the , an huge crowds for NASCAR and American LeMans American LeMans Series race. Series events, while NHRA Winston Drag Racing spawned high-speed intensity on the famous With the addition of a '00 712 quarter-mile drag strip. CART event in 2001, '99 679 Texas will be promot- Pursuant to our dedication to providing premier 665 ing the largest '98 facilities for motorsports, the 33-year-old facility, of premier motorsports '97 525 located in California’s scenic Sonoma Valley, kicked series in the '96 289 off a multi-year upgrade and modernization pro- United States. seats in thousands 0 200 400 600 800 gram. The plan, scheduled for completion before Total Permanent Seating, Excluding Sears Point '00 429

'99 414

'98 381*

'97 338

'96 307 in dollars $0 100 200 300 400 500 Admission and Event Related Revenue Per Seat *Excludes Las Vegas FOCUSING ON THE FANS/THE FUTURE

Rewarding Years Of Loyalty In The Driver’s Seat Recognizing that motorsports wouldn’t be motor- Speedway Motorsports sports without our fans, Speedway Motorsports looks ahead to 2001 and enacted the groundbreaking Fans First initiative beyond with great anticipa- in 2000. Started at Lowe’s Motor Speedway, it is tion. We are standing at the expanding to other tracks in 2001. In addition to door of unprecedented growth, providing the best possible racing experience advancement and excitement. and value, our goal is to reward and honor our fans with a variety of special benefits and privileges. Even with all the changes before and around us, one thing remains unaltered: the loyalty of our No Increase on 2001 Ticket Prices. fans. No other sport in the world can boast such In an effort to bolster interest and retain loyal avid, dedicated supporters. For this reason, we fans, we promised to put a freeze on ticket prices strive to reciprocate fan loyalty in the form of for the entire year. ongoing innovation, responsive initiatives and a pledge to make motorsports Additional Time to the very best it can be. Purchase Tickets. Customers now have 90 days Speedway Motorsports is to purchase their reserved in the driver’s seat as we seats (previously, they move full speed ahead into were given only 45 days). the next era of motorsports entertainment. Easy Access for Ticket Purchases. Toll-free numbers and on-line ticket sales are available for all of our speedways.

Nationwide Insurance Fan Assistance Program. Golf carts roam the property during major events to assist the disabled and those needing special attention.

'00 1.17 '00 50.1 '00 3,575

'99 1.00 '99 42.7 '99 3,630

'98 1.00 '98 42.3 '98 2,996

'97 .89 '97 38.1 '97 2,211

'96 .64 '96 26.3 '96 1,114 in dollars $0 .20 .40 .60 .80 1.00 dollars in millions $0 10 20 30 40 50 in thousands 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Pro Forma Diluted Earnings Per Share* Pro Forma Net Income* Admissions Growth BOARD OF DIRECTORS

Speedway Motorsports Investor Information Transfer Agent & Registrar for Common Stock O. Bruton Smith First Union National Bank of Chairman and Chief 1525 West WT Harris Boulevard Executive Officer 3C3-NC1153 Speedway Motorsports, Inc. Charlotte, NC 28288-1153 Charlotte, NC

Independent Auditors H. A. "Humpy" Wheeler Deloitte & Touche LLP Chief Operating Officer and President Speedway Motorsports, Inc. Charlotte, NC President and General Manager Lowe’s Motor Speedway Annual Meeting Concord, NC The Annual Meeting will be held at 10:00 a.m., Thursday, May 3, 2001, at the Company’s William R. Brooks headquarters at Lowe’s Motor Speedway, Chief Financial Officer, Vice President and Treasurer Concord, NC. Speedway Motorsports, Inc. Charlotte, NC Investor Relations Edwin R. Clark Speedway Motorsports, Inc. Executive Vice President staffs an Investor Relations Speedway Motorsports, Inc. Department to meet the President and General Manager needs of stockholders and Atlanta Motor Speedway Atlanta, GA investors. Inquiries are welcome and should be Mark M. Gambill directed to Marylaurel E. Managing Member Wilks, Vice President, McKenzie Holdings, LLC Communications and Richmond, VA General Counsel, William P. Benton Speedway Motorsports, Inc., Executive Director P.O. Box 600, Concord, NC 28026, 704-455-3239 Ogilvy & Mather Worldwide [email protected] Dearborn, MI

Corporate Website The Honorable Jack Kemp Co-Director Information pertaining to the Company can be Empower America viewed and downloaded at www.gospeedway.com Washington, D.C.

Securities Listing Tom E. Smith Speedway Motorsports common stock is listed Retired Chairman, on the New York Stock Exchange. The ticker CEO, and President symbol is TRK. Food Lion Stores, Inc. Salisbury, NC SPEEDWAY SEATING/ MAJOR SPONSORS

Atlanta Motor Speedway 124,000 seats 1) 141 luxury suites (page Bristol Motor Speedway

einmiller 146,000 seats W 106 luxury suites Jay 2); (page

nd 114,000 seats 102 luxury suites Raymo om

T Lowe’s Motor Speedway 171,000 seats cover); 120 luxury suites back Sears Point Raceway (inside 24,000 seats Allio 11 luxury suites David

7); Texas Motor Speedway &

6 157,000 seats

page 194 luxury suites , cover front inside , (cover Donoghue om T photographers: Contributing

NC. harlotte, C Inc. Design, Sessions Perry Design: P.O. Box 600 Concord, NC 28026 704-455-3239 www.gospeedway.com