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SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects.

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Presentation on theme: "SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret future operating results or performance or business plans or prospects."— Presentation transcript:

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2 SAFE HARBOR Certain statements contained in this presentation regarding Rick's Cabaret 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 Private Securities Litigation Reform Act of Where possible, the words "believe," "expect," "anticipate," "intent," "would," "will," "planned," "estimated," "potential," "goal," "outlook," and similar expressions, as they relate to the company or its management have been used to identify such forward-looking statements. All forward-looking statements reflect only current beliefs and assumptions with respect to future business plans, prospects, decisions and results, and are based on information currently available to the company. Accordingly, the statements are subject to significant risks, uncertainties and contingencies, which could cause the company‘s actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by, these statements. Such risks, uncertainties and contingencies include, but are not limited to, risks and uncertainties associated with (i) operating and managing an adult business, (ii) the business climates in cities where the company operates, (iii) the success or lack thereof in launching and building the company’s businesses, (iv) the operational and financial results of the company's adult nightclubs, (v) conditions relevant to real estate transactions, (vi) the loss of key personnel, and (vii) laws governing the operation of adult entertainment businesses. Additional factors that could cause the company’s results to differ materially from those described in the forward-looking statements are described in forms filed with the SEC from time to time and available at or on the SEC's internet website at Unless required by law, Rick's Cabaret does not undertake any obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.www.ricksinvestor.comwww.sec.gov

3 Definition of Adjusted EBITDA During this Conference Call you may hear us refer to Adjusted EBITDA. We consider Adjusted EBITDA to be a key metric to measure our performance. It is a financial statement measure that was not derived in accordance with GAAP. In calculating Adjusted EBITDA the company excludes the largest recurring non-cash charge, depreciation, amortization and impairment charges. Adjusted EBITDA provides a core operational performance measurement that compares results without the need to adjust for Federal, state and local taxes, which have considerable variation between domestic jurisdictions. Also, the company excludes interest cost in the calculation of Adjusted EBITDA. The results are, therefore, without consideration of financing alternatives of capital employed. The company uses Adjusted EBITDA as one guideline to assess unleveraged performance return on investments. Adjusted EBITDA is also the target benchmark for acquisitions of nightclubs.

4 CONFERENCE CALL OVERVIEW December 14, 2O11 Summary of Q4 & FY ’11 Chief Drivers of Revenue Increase Chief Drivers of Net Income Increase Outlook for 2012 Q & A

5 SNAPSHOT: Q4 ’11 vs.‘1O For the Quarter Ending Sept. 30, 2011 Q4 ‘11 Revenue $21.5m vs $19.1m, a 12.7% Increase over Q4 ’10 Q4 Net Income $2.0m vs. Loss of ($12.5m) in Q4 ’10 Adjusted EBITDA in Q4 $5.5m vs $4.4m, a 24.7% Gain over Q4 ’10 Diluted EPS $.20 vs. ($1.24) in Q4 ’10

6 SNAPSHOT: FY ’11 vs ‘10 For the Year Ending Sept. 30, 2011 FY ‘11 Revenue $83.5m, Up 12.7%, vs $74.0m in FY ’10 FY ’11 Net Income $7.8m vs. Loss of ($8.0m) FY ’11 EPS from Continuing Operations $1.01, a 165% increase vs. $.38 Fully Diluted EPS $.79 vs. ($.82) Adjusted EBITDA $23.6m, Up 32% vs. $17.9m Net Cash Provided by Operating Activities Increased to $18.9m from $17.3m Operating Margins 22.5% vs. 20.2%

7 REASONS FOR IMPROVEMENT   Experiencing a Return to ‘Normal’ Growth and Performance in Major Markets   Same Club Comp Sales Increased 4.9% for the Year   The ‘Whale’ Spender Returning in Bigger Clubs…“Regular” Customers in Smaller Clubs   Recently Acquired Clubs Contributing as Expected

8 Current Update New Acquisitions in Dallas/Ft Worth Expand Footprint in Important Market Club Onyx Philadelphia Continues Rebuild with Extended Operating Hours Rick’s Cabaret/Indianapolis Gearing for Super Bowl ’12 TABC Hearing for Rick’s Cabaret/DFW Was Held in June, Still Awaiting Issuance

9   Current debt 9/30/11 was $35.6m   We Reduced Debt by $6.9m in 12 Months ended 9/30/11   We will Pay Down $5.5m in Fiscal ’12   We Continue to Explore Refinancing of Our Real Estate Debt DEBT UPDATE

10 Forward Growth Strategy Continue Emphasis on Organic Growth & Cash Generation Continuing to Explore Accretive Acquisitions Lots of Opportunities; We Seek Right Clubs at Right Prices

11 Outlook If Current Trends Continue & Economy Cooperates, ‘12 May Be a Very Strong Year Our Stock Remains Undervalued – It May Improve with Strong Back-to-Back Quarters We Are Not Issuing Any Formal Guidance At This Time

12 THANK YOU! Be Sure To Visit Rick’s Cabaret/NYC Tonight for Some Personal Due Diligence


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