Rci Hospitality Holdings, Inc. · NASDAQ:RICK
Rci Hospitality — Q2 2024 Earnings Presentation
12 slides from Rci Hospitality's earnings presentation, Apr 9, 2024
Slide 1: Building a portfolio of well-managed, high cash-flowing nightclubs and sports-bar restaurants
Building a portfolio of well-managed, high cash-flowing nightclubs and sports-bar restaurants NASDAQ: RICK | 2Q24 Sales Conference Call | April 9, 2024 | www.rcihospitality.com | @RCIHHinc
Slide 2: Today's Speakers
Today’s Speakers Eric Langan Bradley Chhay Mark Moran President & CEO Chief Financial Officer CEO RCI Hospitality Holdings, Inc. RCI Hospitality Holdings, Inc. Equity Animal @RicksCEO @BradleyChhay @itsmarkmoran 2
Slide 3: X Spaces Instructions
X Spaces Instructions • Log on to: X (formerly Twitter) • Go To: @RicksCEO on X: https://x.com/RicksCEO • Select this X Space: https://x.com/RicksCEO/status/1776670405895348255 Or • To ask a question during Q&A: Join the Space with a mobile phone • To listen only: Join the Space with a personal comp
Slide 4: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding plans, objectives, goals, strategies, future events or performance and under
Slide 5: 2Q24 Club & Restaurant Sales
2Q24 Club & Restaurant Sales All comparisons YoY Percentage Change Total 2Q24 ($M) Total Sales Total vs. 2Q23 SSS vs. 2Q23 • $71.7M (+1.3% or +$0.9M) Combined $71.7 +1.3% -8.6% • Increases from prior-year acquisitions and new Nightclubs $59.0 +4.2% -5.7% locations more than offset declines in SSS an
Slide 6: FY24 Club & Restaurant Sales By Month
FY24 Club & Restaurant Sales By Month Nightclubs ($M) Bombshells ($M) $22.0 $21.1 $4.7 $20.3 $4.4 $19.2 $4.4 $18.8 $4.1 $18.1 $4.0 $3.9 October November December January February March October November December January February March 6
Slide 7: Nightclub Development
Nightclub Development New • PT’s Centerfold Gentlemen’s Club in Lubbock (TX), a new BYOB club, opened third week of March 2024 • Baby Dolls Abilene (TX), a reformatted liquor club, opened the first week of April 2024 High-energy “party” style adult nightclubs • Scarlett’s Cabaret Denver (Glendale, C
Slide 8: Casino Development (Central City, CO)
Casino Development (Central City, CO) Licensing • 24-hour liquor licenses approved by Central City for Rick's and Bombshells • Still waiting on gaming licenses Rick’s Cabaret Steakhouse & Casino • Possibly opening the cabaret and steakhouse once construction is complete in late summer 2024 while we
Slide 9: Bombshells Development
Bombshells Development Anticipate Opening Late Summer 2024 • Sapphire Bay in Rowlett (Dallas, TX) • Lubbock (TX) • Downtown Denver (CO) Sapphire Bay in Rowlett is a 116-acre development featuring: • Man-made lagoon • 500 room resort • Surf village and water park • 1,500+ residential units • 1.7 mill
Slide 10: Capital Management
Capital Management New Bank Loan • Anticipated to close in April 2024 • $20M, 8.25% fixed rate, 10-year commercial bank loan • Subject to one adjustment in five years • 20-year amortization schedule • Secured by nine real estate properties appraised at $31.6M Share Buybacks Average Per Period Shares
Slide 11: Q&A
RCI HOSPITALITY HOLDINGS INC Q&A
Slide 12: Contact Information
Contact Information Corporate Office 10737 Cutten Road Houston, TX 77066 Phone: (281) 397-6730 Investor Relations Gary Fishman Steven Anreder Phone: (212) 532-3232 IR Website www.rcihospitality.com Nasdaq: RICK 12
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