RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Q4 2022 Earnings Conference Call December 14, 2022 4:30 PM ET Company Participants Mark Moran - CEO, Equity Animal Eric Langan - President and CEO Bradley Chhay - CFO Conference Call Participants Scott Buck - H.C. Wainwright Rob McGuire - Granite Research Anthony Lebiedzinski - Sidoti Lynne Collier - Water Tower Research Adam Wyden - ADW Capital Mark Moran Good afternoon to the earnings call that you all have been waiting for. We're going to go ahead and kick thi ...

Building a portfolio of well-managed, high cash-flowing nightclubs and restaurants NASDAQ: RICK | 4Q22 Conference Call | December 14, 2022 | www.rcihospitality.com | @RCIHHinc Today's Speakers Eric Langan President & CEO RCI Hospitality Holdings, Inc. @RicksCEO Bradley Chhay Chief Financial Officer RCI Hospitality Holdings, Inc. @BradleyChhay Mark Moran CEO Equity Animal @itsmarkmoran 2 Twitter Spaces Instructions • Go To: @RicksCEO on Twitter: https://twitter.com/RicksCEO • Select this Twitter Space: https ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (I.R.S. Employer Identification No.) 10737 Cutten Road Houston, Texas 77066 (Address of principal executive offices) (Zip Code) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-13992 RCI HOSPITALITY HOLDINGS, INC. (E ...

Building a portfolio of well-managed, high cash-flowing nightclubs and restaurants NASDAQ: RICK, 3Q22 Conference Call, August 9, 2022, www.rcihospitality.com Today's Speakers Mark Moran CEO Equity Animal @itsmarkmoran Eric Langan President & CEO RCI Hospitality Holdings, Inc. @RicksCEO Bradley Chhay Chief Financial Officer RCI Hospitality Holdings, Inc. @BradleyChhay 2 Twitter Spaces Instructions • Go to @RicksCEO on Twitter: https://twitter.com/RicksCEO • Select this Twitter Space: https://twitter.com/i/sp ...

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Q3 2022 Earnings Conference Call August 9, 2022 4:30 PM ET Company Participants Mark Moran - Chief Executive Officer, Equity Animal Eric Langan - President and Chief Executive Officer Bradley Chhay - Chief Financial Officer Conference Call Participants Rob McGuire - Granite Research Anthony Lebiedzinski - Sidoti & Company Joshua Zoepfel - Noble Capital Markets Adam Wyden - ADW Capital Howard Penney - Hedgeye Operator Mark Moran Greetings, and welcome to RCI Hospi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13992 RCI HOSPITALITY HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Tex ...

Financial Data and Key Metrics Changes - The company reported record revenues of $63.7 million for Q2 2022, an increase of 44.6% year-over-year [12] - Earnings per share (EPS) increased by 69.1% to $1.15, while non-GAAP EPS rose 58% to $1.19 [13] - Net income attributed to RCI Hospitality Holdings was $11 million, up 79.8% [13] - Adjusted EBITDA totaled $19.9 million, reflecting a 46.8% increase [13] - Free cash flow for the first half of the year was $26.3 million, up 79.8% year-over-year [22] Business Line Data and Key Metrics Changes - Nightclubs segment revenues reached $48.2 million, growing 56.5% year-over-year, with an operating margin of 39.7% [14] - Bombshells segment revenues totaled $15.3 million, up 16.7% year-over-year, with an operating margin of 22.6% [16] Market Data and Key Metrics Changes - High-margin service revenues in the Nightclubs segment increased by 87.8% year-over-year, contributing to overall revenue growth [15] - Cost of goods sold as a percentage of revenue improved to 13.8%, down from 15.4% a year ago [18] Company Strategy and Development Direction - The company aims to drive shareholder value by increasing free cash flow per share by 10% to 15% annually [27] - The strategy includes mergers and acquisitions, organic growth through Bombshells, and share buybacks when free cash flow yields exceed 10% [30] - The company is actively pursuing club acquisitions and expanding Bombshells locations [31][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance, citing favorable trends and successful events like the F1 race in Miami [48][56] - There is optimism about the potential for acquisitions during economic downturns, as some club owners may seek to sell [58] - Management noted that the business is currently experiencing strong demand and does not see signs of a recession affecting operations [84] Other Important Information - The company has begun accepting Bitcoin as a payment method and is launching an NFT program to enhance customer engagement [35][36] - The company has a solid cash position, ending the quarter with $38 million in cash [59] Q&A Session Summary Question: Can you provide details about the club acquisitions? - The South Florida acquisition is valued at $16 million, expected to add about $3 million in EBITDA [43] - The Fort Worth location is being purchased primarily for real estate value, with plans for a full remodel [45] Question: How did the F1 race impact club performance? - Tootsie's achieved its first $1 million week, contributing to overall company sales exceeding $6 million [48] Question: Will the NFT program generate new revenue? - The NFT program aims to create a community and loyalty among users rather than being a direct revenue generator [49] Question: What is driving the momentum in sales? - Strong operational performance, increased social media engagement, and recovering VIP spend are key drivers [54] Question: How does the company view potential recession impacts? - Management believes the business is recession-resistant, with no current signs of slowdown [83] Question: What is the sentiment regarding future growth and acquisitions? - There is increased interest from club owners looking to sell, and management is optimistic about future acquisitions [92]

Financial Performance - Total revenues increased by 44.6% to $63.7 million[16] - EPS increased by 69.1% to $1.15, and Non-GAAP EPS increased by 58.0% to $1.19[16] - Net income attributable to RCIHH common stockholders increased by 79.8% to $11.0 million[16] - Adjusted EBITDA increased by 46.8% to $19.9 million[16] - Free cash flow increased by 23.3% to $11.1 million[16] Segment Performance - Nightclub revenues increased by 56.5%[21] - Bombshells revenues increased by 16.7%[25] - High margin service revenues increased by 86.9%, accounting for 33.8% of revenues compared to 26.1% in the previous year[16, 31] Debt and Capital Allocation - As of March 31, 2022, total debt net of loan costs was $178 million[38, 46] - Weighted average interest rate on debt was 6.14%[46] - The company repurchased 83,343 shares at an average cost of $62.37 per share in 2Q22 and 3Q22 through May 6[52] Expansion and Growth Initiatives - Acquired real estate for the 12th Bombshells location in March 2022 and has two more under contract to purchase[16, 55] - Purchased one nightclub in May 2022 and has one under contract to purchase[16] - Targeting addition of $20 million adjusted EBITDA in FY23 through more acquisitions[55]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-13992 RCI HOSPITALITY HOLDINGS, INC. (State or other jurisdiction of incorporation or organization) Te ...

CI HOSPITALITY OLDINGS INC Building a portfolio of well-managed, high cash-flowing nightclubs and restaurants NASDAQ: RICK 1Q22 Conference Call February 9, 2022 www.rcihospitality.com 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 underlying assumptions and other ...