ex99_1.htm

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)

• 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)

• High Margins & Strong Cash Flow

• EBITDA Compound Growth Last 5 Years Exceeds 70 %

• “Recession Resistant” business model.

Market NASDAQ Global

Shares Outstanding 9.4M

Share Price Up Since 3/9/09: 225%

Institutional Ownership 12%

Insider Ownership 17%

‘RICK’ SNAPSHOT

STRONG OPERATIONAL BASE

• Financial Controls > System-wide
proprietary cash management modelled on
casino industry

• Credit Cards > More than half of our sales

• Entertainers > 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

Fiscal Year 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

FINANCIAL SUMMARY

STRONG PERFORMANCE
HIGH EARNINGS QUALITY

• High barriers to
entry, low Industry
cyclicality.

• High earnings
quality: steady,
predictable
margins.

• Business model
“recession
resistant”

• High EBITDA cash
conversion.

As of June 30, 2009

CASH FLOW &
LIQUIDITY SUMMARY

• Rick’s has sufficient
cash flow to cover
operating costs and
interest, finance
growth and repay
debt.

• Rick’s had $4.7 mm
average liquidity
quarterly.

• Rick’s completed
$7.2 mm raise
August 2009.

CAPITALIZATION

• Low leverage

• Interest costs
easily covered

DEBT PROFILE

• Common Stock Subject to Put Rights:

Maximum $13.5 mm If Stock Price is Zero

•Real Estate Backed Loans $15.3 mm, Will Be

Retired by 2014

•Tootsie’s Cabaret Owner Purchase Note:

$10mm @14% Due 11/30/ 2012

•Convert of August ’09 $7.2mm, Interest 10%,

Convertible at $8.75 Payable Over 3 Years

OUR CONSOLIDATION STORY

• Much of Rick’s Growth Since 2005 has
Been Through Acquisitions

• Entry Into Major Markets > NYC, Miami, Las
Vegas, Philadelphia, Dallas

• NYC & Miami Clubs Are Our Home Runs

• Cash On Hand and Demonstrated Ability
to Raise Capital Are Powerful Tools

• Leading Consolidation of $2B Gentlemen’s
Club Industry

OUR FIRST BIG BUY:

Acquired Midtown Manhattan Club in 2005 -
Playboy.com says: “Best Strip Club in NYC”

• 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, High Margins, Strong
Growth

• Acquired Nov. ’07 Transaction value:

$25.5mm (2.2x EBITDA)

• One of a kind: all nude with liquor;

• 74,000 sq ft on two levels; valet

parking for 1,500 cars; open ‘til 6 am

• Immediately accretive - highly

profitable from day one;

• Revenue Growth 25%+ over

previous owner by upgrading VIP

service = high-end customers

• Named Best Strip Club in S.E. in ‘09

Positive Developments

• Acquired 25,000 sq. foot club, just off The
Strip in September ‘08

• Economy plunged immediately after
acquisition

• Marketing Initiatives, High Margin VIP Focus,
Catering to Locals and Cost controls are
Having Positive Impact

• Will be Strong Contributor as Vegas Market
Turns Around

Dallas,Philly Conversions

BY ADDRESSING PROBLEMS, NEW
ACQUISITIONS IN PHILLY & DALLAS ARE

NOW PROFITABLE

• 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

• 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

OUR LONGTERM GROWTH
STRATEGY

• 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 VISIT A RICK’S CABARET
CLUB ON YOUR NEXT TRIP TO NYC, MIAMI,
LAS VEGAS, DALLAS, HOUSTON, CHARLOTTE,
AUSTIN, SAN ANTONIO OR MINNEAPOLIS.