Securities and Exchange Commission
Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant To Section 13 or 15(d) Of
The Securities Exchange Act of 1934

Date of Earliest Report Event:  June 9, 2009

RICK'S CABARET INTERNATIONAL, INC.
(Exact Name of Registrant As Specified in Its Charter)

Texas
001-13922
76-0037324
(State Or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

10959 Cutten Road
Houston, Texas 77066
(Address Of Principal Executive Offices, Including Zip Code)

(281) 397-6730
(Registrant's Telephone Number, Including Area Code)
 
 
 
 

ITEM 7.01
REGULATION FD DISCLOSURE

On June 9, 2009, Eric Langan, our President and Chief Executive Officer will be making a presentation at the Noble Financial Capital Market Conference in Hollywood Florida.

Since some portions of the presentation may contain information which may not have been previously disclosed in our filings with the Securities and Exchange Commission, we are filing herewith, in compliance with Regulation FD, a copy of the presentation as Exhibit 99.1.

ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No.
Description
Power Point Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 
RICK'S CABARET INTERNATIONAL, INC.
   
   
 
/s/ Eric Langan
 
By:  Eric Langan
Date:  June 9, 2009
Chairman, President, Chief Executive Officer

 
Exh ib it 99.1
 
 
 
 
SAFE HARBOR
•   This presentation may contain forward-looking statements that
  are covered under the provisions of Section 27A of the
  Securities Act of 1933 regarding Safe Harbor statements.
  Forward-looking statements may involve revenue, income
  and other business activities of Rick's Cabaret. Actual results
  could differ materially from those projected in the forward-
  looking statements as a result of many factors, including but
  not limited to the risks associated with operating an adult
  business, our ability to complete the acquisitions of new
  business units, business climates in cities where we operate,
  the success or lack thereof in building the company's
  businesses, and numerous other factors. Under provisions of
  the Safe Harbor section, the company is under no obligation to
  correct, update or amend oral statements. Definitive
  information about the company is presented on the
  company's Website, www.ricks.com, and in filings made to the
  SEC, which are also available on the Website.
 
 
 
RICK’S CABARET OVERVIEW
• Rick’s Cabaret is the Premier Operator of Upscale
  Gentlemen’s Clubs - 18 Clubs Nationwide
• Key Brand: Rick’s Cabaret - Upscale (7)
• Owns other brands serving specific audiences:
  - Club Onyx - Upscale African-American   (4)
  - XTC Cabaret - Blue-collar/College (5)
  - Tootsie’s Cabaret Miami - Premium Tourist &
    local market (1)
  - Divas Latinas Houston - Hispanic-oriented (1)
  - Licensed club in New Orleans
• High Margins & Strong Cash Flow
• EBITDA Compound Growth Last 5 Years Exceeds 70 %
• New York and Miami Clubs leading in “recession
  resistant” business model.
 
 
 
‘RICK’ SNAPSHOT
Market         NASDAQ Global
Shares Outstanding       9.3M
Share Price Increase Since Jan 1:     69%
P/E TTM           4.01
Institutional Ownership       17.2%
Insider Ownership       16.7%
 
 
 
RICK’S Financial Summary
Financial Summary
Revenues
$13.9
$14.8
$24.5
$32.0
$59.9
44.2%
y-o-y growth
7.0%
65.2%
30.7%
87.2%
EBITDA
1.9
0.9
4.1
5.7
16.3
71.6%
  Margin %
13.5%
6.0%
16.8%
17.8%
27.1%
Net Income
0.8
(0.2)
1.8
3.1
7.7
77.3%
  Margin %
5.6%
(1.5%)
7.2%
9.5%
12.8%
Number of Clubs
7
9
13
14
19
 
 
 
STRONG OPERATIONAL BASE
•   Financial Controls > System-wide
  proprietary cash management modelled on
  casino industry
•   Credit Cards > Make Up significant portion
  of our sales
•   Entertainers > Are Independent Contractors
  who pay   us a facilities use fee
•   Quality Control >   Enhances brand value
•   Casino “Concierge” Model + Customer
  Service > Caters to VIPs, builds loyalty,
  assures repeat business
 
 
 
 
 
 
•   Much of Rick’s Growth in Past 5 Years
  has been through Acquisitions
•   Entry Into Major New Markets (NYC,
  Miami, Las Vegas, Philadelphia, Dallas)
•   NYC & Miami Clubs Are Our Home Runs
•   Improving Las Vegas Is Current Focus of
  Our Attention
•   Consolidation of $2B Gentlemen’s Club
  Industry Will Resume - We’ll Be There
THE RICK’S ROLL UP STORY
 
 
 
•   Acquired Midtown Manhattan Club in 2005 -
  We are Now #1 Club in the City
•   Brought Wall Street Attention to RICK Stock
•   Investment Pros Got to See First Hand How
  Our Business Model Works
•   ‘Due Diligence’ Parties Becoming Legendary
  - Proximity to M.S.G. a Huge Plus
•   Club is Exceptionally Profitable: $12mm+
  Revenue Run-rate, Strong Growth
OUR FIRST BIG BUY:
 
 
 
• Acquired Nov. ‘07; 74 ,000   sq ft on
  two levels, parking for 1,500 cars ;
• One of a kind - open to 6 am daily -
  all nude with liquor ;
• Transaction value: $25.5mm (2.2x
  EBITDA)
• Immediately accretive - Highly
  Profitable from Day One;
• Revenue Growth 25%+ over
  Previous Owner Is Result of
  Catering to High-End Customer
 
 
 
EX99_111
 
 
Positive Developments
•   Acquired 25,000 sq. foot club, just off The
  Strip in September ‘08
•   Vegas Economy plunged immediately after
  our acquisition
•   Positive Impact of New Marketing Initiatives,
  High Margin VIP Focus , Catering to Locals
  and Cost controls are Having Impact
•   Will be Strong Contributor to RICK as Vegas
  Market Turns Postive
 
 
 
 
Dallas,Philly Conversions
WE HAVE ADDRESSED CHALLENGES OF
  NEW ACQUISITIONS IN PHILLY & DALLAS
•   Rick’s Philadelphia Converted to Club
  Onyx - Near All Pro Sports Stadiums ( Phillies ,
  76ers , Eagles , Flyers )
•   Rick’s Dallas Converted to XTC Cabaret -
  Exceptional Club Near Sports Stadiums
  and hip Uptown Area
•   Club Onyx Dallas - Has Become Top
  Upscale Club for African-American
  Clientele
 
 
 
OUR LONGTERM GROWTH
STRATEGY
•   Focus on core competency - become top club in
  each market
•   Increase operating efficiency & raise gross
  margins
•   Leverage our strong marketing skills
•   Emphasize transparency, rigorous cash control
•   Build brand awareness/brand equity
•   Maintain lean operating system
•   Make strong, selective acquisitions
•   Focus on metro areas : heavy business traffic /
  convention centers / tourism /   pro sports
•   Purchase at 3x - 5x EBITDA
•   Accretive with little ramp-up required
•   Be flexible about funding : cash + debt   plus our
  stock only when it regains value
Organic Growth
Acquisition Growth
 
 
 
•   IT executive, Director of Internet Division
•   Degree in Aeronautical Science from Texas State Technical College
OUR MANAGEMENT TEAM
•   President, owner, and CPA of Pringle Jenkins & Associates, P.C.
•   BBA Degree (1979) from Texas A&M University
Director
Steven L. Jenkins
Background
Title
Name
•   Noted First Amendment Attorney
•   Former President First Amendment Lawyers Assn.
Director
Luke Lirot
•   20+ Years Hospitality Industry Management Experience
•   Business Admin Degree - Houston CC
Director of Operations
Ed Anakar
•   20+   years industry experience as owner/operator
•   Board of Directors of Adult Club Executives (ACE)
President, CEO & Director
Eric Langan
•   Founded Rick's in 1983; CEO until 1999
•   Bachelor of Laws (Honours) (1973) - London School of Economics
•   Master of Laws (1975) Osgoode Hall Law School, York University
Founder / Director
Robert L. Watters
•   CFO of CDT Systems, Inc. (CDTN), Audit Partner, KPMG
•   Texas State University (1972)
CFO
Phillip K. Marshall
•   Former Executive Vice President Thomson Financial/Banking
•   Dartmouth College / University of Southampton (UK)
Investor & Media Relations  
Alan Priaulx  
•   Over 20 years of legal experience
•   B.S. and J.D. from the University of Houston
General Counsel  
Brenda Stanfield  
VP/Director
Travis Reese
 
 
 
SUMMARY
•   Attractive Industry > Big Clubs Thriving in Recession
• Unique Business Model > Great Margins + Strong
  Financial Controls
•   Non-Capital Intensive     > Strong Cash Flow
• Significant Barriers to Entry Limit Competition
  * Strict Zoning Ordinances &
  * Tough Sexually Oriented Business (SOB) License
    Requirements Work to Our Favor
• Management > Depth + Experience
•   Attractive Rollup Model > Strong Long-term
  Prospects with Big Pipeline of Targets
• Positioned for Growth As Economy Returns
 
 
 
THANK YOU!
PLEASE BE SURE TO ATTEND THE DUE
DILIGENCE EVENT AT TOOTSIE’S
CABARET TONIGHT, JUNE 9, 2009 .