Rci Hospitality Holdings, Inc. · NASDAQ:RICK
Rci Hospitality — Ricks Cabaret International — Q1 2010 Earnings Presentation
17 slides from Rci Hospitality's earnings presentation, Feb 17, 2010
Slide 1: Rick's Cabaret
Slide 2: Safe Harbor
SAFE HARBOR Certain statements contained in this presentation regarding Rick's and VCG Holding's future operating results or performance or business plans or prospects and any other statements not constituting historical fact are "forward-looking statements" subject to the safe harbor created by the
Slide 3: Q1 2010 Overview
§ § § § § § Q1 2O10 OVERVIEW Review of Our Q1 2010 Performance Highlights of Significant Q1Events Impact of Marketing Expenses Discussion of Rick’s Cabaret-VCG Holding Letter of Intent Outlook for Remainder of Year Q & A
Slide 4: Q1 '10 Snapshot vs. Q1 '09
Q1 ’10 SNAPSHOT vs. Q1 ‘09 § Total Revenue $20mm vs $17.1mm in ‘09, Up 16.8% from Last Year § Same Store Sales up 14.5% over Q1 Last Year § Net Income $782,688 in Q1 ’10 vs $790,832 in Q1 ’09 § EPS 8 cents, same as last year. § Primary Factors Were Acquisition Costs, Plus Increased Marketing § Marke
Slide 5: Q1 '10 Highlights
Q1 ’1O HIGHLIGHTS § Clubs in Miami and New York Continue to Grow § While Competitors Cut Back We Invested in Pro-active Marketing Programs § This Has Paid Off, Earning Market Share § Rick’s Cabaret/Las Vegas Profitable in January § Newly Acquired Clubs in Ft. Worth and Austin Off to Strong Start
Slide 6: Las Vegas
LAS VEGAS § Aggressive Marketing Campaign Continued to Earn Market Share § Profitable in January ‘10 § Marketing Spending Has Been Reduced § Expect to Benefit from National Conventions in February, March, April
Slide 7: New Clubs Strong
New Clubs Strong § Newest Clubs Contributed $827,000 in Q1 § Joy of Austin is Now Rick’s Cabaret/Austin § Cabaret North in Ft. Worth Gained Market Share after Major Marketing Push; We Are Now Increasing Prices and Focusing on Bottom Line § New “Turnkey” DFW Airport Club Expected to Open in Fiscal ‘1
Slide 8: Record Months
Record Months § New York City Continues Its Strong Growth, with Record Revenue Months in Q1 § Becoming Popular Spot for High-Profile Parties (Howard Stern Gang, Vivid Entertainment)
Slide 9: Super Bowl & Pro Bowl '10
§ Super Bowl & Pro Bowl ’10 Were Terrific - We Had Two Huge Weeks
Slide 10: VCG Holding Acquisition
• Letter of Intent Signed on Feb. 16, 2010 • Would Make Us Largest Operator of Upscale Clubs by Revenue , with 38 Locations (39 th Coming in Austin in March; 40 th at DFW in Fiscal ’10) Meaningful EBITDA Gains Expected from: • Lower Corporate Overhead • Eliminating Duplicate Costs of Being Public •
Slide 11: Locations of Rick's Cabaret Clubs
_ LOCATIONS OF RICK’S CABARET CLUBS — iy
Slide 12: Locations of VCG Holding Clubs
Slide 13: Rick's & VCG Holding Locations
__RICK’S & VCG HOLDING LOCATIONS iy
Slide 14: Additional Information and Where to Find It
Additional Information and Where to Find It In connection with the proposed merger, Rick's Cabaret International, Inc. ("Ricks") and VCG Holding Corp. ("VCG Holding") intend to file documents relating to the transaction with the SEC, including a registration statement containing a joint proxy statem
Slide 15: Interests of Participants in the Solicitation of Proxies
Interests of Participants in the Solicitation of Proxies Each of the Rick's and VCG Holding and their respective directors and executive officers may be deemed to be "participants" in the solicitation of proxies in respect of the proposed transaction under SEC rules. Information regarding Rick's dir
Slide 16: Outlook
OUTLOOK § We Reaffirm our Latest Guidance: * Earnings in the Range of $ .95 to $1.05 per share During Fiscal 2010 * Revenues will Range Between $84mm and $86mm § Q2 Starting Off Well, as Anticipated § VCG Holding Not Factored Into Guidance
Slide 17: Thank You!
THANK YOU! THOSE OF YOU IN THE NEW YORK AREA, PLEASE JOIN US TONIGHT IN NYC FOR SOME PERSONAL DUE DILIGENCE 50 West 33 rd Street
Ricks Cabaret International — Q1 2010 Earnings Presentation on 6ix