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Safe Harbor Statement - PowerPoint PPT Presentation


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Safe Harbor Statement

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Presentation Transcript
safe harbor statement
Safe Harbor Statement
  • In this conference call you may hear or see forward-looking statements that involve a number of risks and uncertainties that could cause the company’s actual results to differ materially from those indicated in this document, including:  the risks and uncertainties associated with operating and managing an adult business; the business climates in cities where we operate; the success or lack thereof in launching and building the company’s businesses; the Company’s ability to identify and secure suitable locations for new nightclubs on acceptable terms and to secure adequate financing for their acquisition, open the anticipated number of new nightclubs on time and within budget; achieve anticipated rates of same-store sales; hire and train additional nightclub personnel and integrate new nightclubs into its operations; unexpected increases in costs of sales or employee, pre-opening or other expenses; the economic conditions in the new markets into which the Company expands and possible uncertainties in the customer base in these areas; fluctuations in quarterly operating results; the impact of any negative publicity or public attitudes; competitive pressure from other national and regional nightclub chains; risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. For further information go to www.ricks.com.
overview of today s presentation
OVERVIEW OF TODAY’S PRESENTATION
  • Review of 2Q ‘08 Results
  • Contribution of Miami and Ft. Worth
  • Organic Growth
  • Acquisition Update
  • Update Guidance for ’08
  • Review Outlook for ‘09
2q 2008 highlights
2Q 2008 HIGHLIGHTS
  • Revenues $15.46M, up 104% over 2Q ’07
  • Net Income $2.6M, up 429% over 2Q ’07
  • Diluted EPS 32c vs 9c in 2Q’07
  • Operating Cash Flow over $6.4M

vs. $1.3M in 2Q ’07

2q 2008 driving factors
2Q 2008DRIVING FACTORS
  • Club Operations Gross $15.29M
  • Club Net Income $4.69M
  • Tootsie’s – Revenues Continue to Exceed Expectations
  • New York City – RecordMonths
  • Fort Worth – Strong Contributor
  • 2Q Same Club Sales – Up 8.24%
acquisitions closed
ACQUISITIONS CLOSED
  • Philadelphia Acquisition Completed; Grand Opening April 24-26
  • Dallas Executive Club Completed, currently operating with GRAND OPENING planned on June 12-14
  • Acquired remaining 49% of Austin Club
  • Acquired ED Publications
acquisitions in view
ACQUISITIONS IN VIEW
  • Definitive Agreement for Las Vegas Scores Club for $21M
  • Continue Targeting Clubs in Major Metro Areas that Will Be Accretive
  • Targeting Clubs with $10M+ Sales
  • Will Acquire Smaller Clubs If They Have Strategic Value
  • Will Continue to Use Combination Cash, Debt and Stock
guidance update for 2008
GUIDANCE UPDATE for 2008
  • FiscalYear: Revenue $61-62M
  • FY : Net income $10.5M- $11M
  • FY : EPS $1.25-1.30
  • CalendarYear: Revenue $68-70M
  • CY : Net Income $13-14M
  • CY : EPS $1.55-1.60
  • Does not assume any additional acquisitions; Las Vegas could increase results.
outlook for 2009
OUTLOOK for 2009
  • FY 2009 EPS $.2.30-$ 2.50
  • FY 2009 Revenues Will Exceed $100M

This assumes completion of Las Vegas transaction and that the acquisition strategy will continue.

2009 2010
2009 & 2010
  • Plan to Provide 2009 Guidance During August Conference Call
  • May Provide 2010 Outlook If We Have Visibility on Acquisition Pipeline by Then
rick s cabaret
RICK’S CABARET

Join Us Next Tuesday May 13th

Due Diligence Ball

Rick’s Cabaret NYC

50 West 33rd Street

Free Admission

$8 Drinks ‘til 8 pm