Financial Performance - GTV increased 160% year-over-year to $4.0 billion, including $2.2 billion from the acquisition of IAA, Inc. [4] - Total revenue rose 134% year-over-year to $1.0 billion, with $559.2 million attributed to the IAA acquisition [4] - Service revenue surged 197% year-over-year to $809.1 million, including $488.0 million from IAA [4] - Adjusted EBITDA increased 153% year-over-year to $307.5 million [4] - Net income available to common stockholders grew 65% year-over-year to $74.8 million [4] - Diluted adjusted earnings per share rose 21% year-over-year to $0.82 per share [4] - Operating income for Q4 2023 was $170.8 million, a 160% increase from $65.7 million in Q4 2022; annual operating income was $471.3 million, a slight increase of 4% from $453.5 million [28] - Net income for Q4 2023 was $84.2 million, an 85% increase from $45.4 million in Q4 2022; for the year, net income was $206.0 million, down 36% from $319.8 million [28] - Adjusted net income available to common stockholders for the year ended December 31, 2023, was $502.2 million, an 86% increase from $269.9 million in 2022 [40] - Adjusted EBITDA for Q4 2023 was $307.5 million, a 153% increase from $121.5 million in Q4 2022 [42] Growth Projections - The company projects full-year 2024 GTV growth between 1% and 4% [4] - The company anticipates continued growth opportunities following the acquisition of IAA, with a focus on integrating operations and realizing synergies [23] Revenue Breakdown - Automotive sector GTV for Q4 2023 reached $2.1 billion, a 4,177% increase year-over-year [7] - Total lots sold increased by 6% year-over-year to 786.8 thousand in Q4 2023, with automotive lots sold rising by 7% to 573.2 thousand [12] - Gross transaction value (GTV) surged 160% year-over-year to $4.0 billion, primarily due to the inclusion of $2.2 billion GTV from IAA [18] - Service revenue rose 197% year-over-year to $809.1 million, with $488.0 million attributed to IAA, and a pro forma increase of 14% [18] - Inventory sales revenue grew by 35% year-over-year, largely due to $71.2 million from IAA, but decreased by 10% on a pro forma basis [18] Expenses and Cash Flow - Operating expenses for Q4 2023 totaled $870.6 million, with adjusted operating expenses at $770.4 million [15] - Operating Free Cash Flow (OFCF) for 2023 was $230.4 million, a decrease of 59% compared to $556.6 million in 2022 [49] - Cash provided by operating activities increased to $544.0 million in 2023, up 17% from $463.1 million in 2022 [49] - Net capital spending in 2023 was $(313.6) million, a significant increase from $93.5 million in 2022, reflecting a 435% change [49] Assets and Liabilities - Cash and cash equivalents at the end of 2023 were $576.2 million, up from $494.3 million at the end of 2022 [29] - Total assets increased to $12,037.4 million in 2023 from $2,863.7 million in 2022, driven by significant acquisitions and growth in intangible assets [29] - Total debt increased to $3,089.5 million in 2023, a 406% increase from $610.6 million in 2022 [46] - Adjusted net debt rose to $2,513.3 million, a 2061% increase from $116.3 million in 2022 [46] Shareholder Returns - The company declared a quarterly cash dividend of $0.27 per common share, payable on March 1, 2024 [20] - The company reported a basic earnings per share of $0.41 for Q4 2023, unchanged from Q4 2022, while diluted earnings per share increased by 2% to $0.41 [28] Acquisition Impact - The company completed the acquisition of IAA, impacting cash flows and resulting in a net cash used in investing activities of $(3,108.3) million for 2023 [30] - Acquisition-related and integration costs for the year increased significantly to $216.1 million, a 479% rise from $37.3 million in 2022 [42] - Amortization of acquired intangible assets in 2023 was $76.0 million, including $67.6 million from IAA [55] - Acquisition-related and integration costs for 2023 totaled $46.3 million, primarily related to the acquisition of IAA [55]

RB Global, Inc. (NYSE:RBA) Q3 2023 Earnings Conference Call November 9, 2023 4:30 PM ET Company Participants Sameer Rathod - VP IR & Market Intelligence James Kessler - CEO Conference Call Participants Michael Doumet - Scotiabank Craig Kennison - Baird Steven Hansen - Raymond James Sabahat Khan - RBC Capital Markets Maxim Sytchev - National Bank Financial Michael Feniger - Bank of America Lawrence De Maria - William Blair Operator Good day. My name is Chris, and I'll be your conference operator today. At th ...

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 September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-13425 RB Global, Inc. | (Exact Name of Registrant as Specified in its Charter) | | | --- | --- | | Can ...

Financial Data and Key Metrics Changes - GTV increased by 9%, driven by strength in commercial construction and transportation, as well as a rebound in the automotive sector [23][44] - Adjusted EBITDA increased by 13% compared to the combined adjusted EBITDA of IAA and Ritchie Bros. for the prior year period [27] - Cash used in operating activities decreased in the first half of 2023 compared to the same period last year due to higher networking capital balances and increased cash taxes [29][49] Business Line Data and Key Metrics Changes - Automotive GTV increased by 5%, driven by rebounding unit volumes on a flat average price per lot [24] - Service revenue increased by 15%, with the service revenue take rate expanding by 100 basis points to 19.5% [45] - Inventory revenue declined by 1%, with the inventory rate contracting by 710 basis points year-over-year to approximately 3% [26] Market Data and Key Metrics Changes - The total loss ratio in the automotive sector improved to approximately 18.4% from 17.1% in the same period last year [17] - GTV for construction and transportation increased by 15%, driven by an increase in unit volumes [44] Company Strategy and Development Direction - The company is focused on integrating IAA and realizing targeted cost savings while enhancing customer experience [7][18] - A modern checkout microservice was successfully implemented, receiving positive customer feedback [16] - The company aims to deliver at least $100 million to $120 million of annual run rate synergies by the end of 2025 [42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the integration of IAA and its long-term business prospects, highlighting strong execution and market adaptability [15][18] - The company anticipates GTV growth in the third quarter to be low to mid single digits year-over-year on a combined basis due to seasonality and timing of auctions [24] - Management emphasized the importance of consistent execution and collaboration with insurance partners to enhance competitiveness [68][115] Other Important Information - The company realized $7 million in actual cost synergies for the quarter and has auctioned a total of $36 million in annual run rate cost synergies since the close of the transaction [21][88] - Adjusted net debt was approximately $2.7 billion, with a focus on de-leveraging to approximately 2 times by the end of the first quarter of 2025 [49] Q&A Session All Questions and Answers Question: What is the commitment to synergy opportunities following the leadership change? - Management expressed strong commitment to delivering on synergy opportunities and emphasized the importance of consistent execution across all branches [52][53] Question: Can you provide insights on the termination of the royalty and non-compete agreement? - The termination allows the company to leverage its capabilities more effectively and scale its business more efficiently [41][55] Question: How is the integration process structured and managed? - The integration team is led by a steering committee that includes senior leaders from both IAA and Ritchie Bros., ensuring focused execution on integration plans [63][87] Question: What are the expectations for RBA and IAA EBITDA by the end of the year? - IAA is performing better than expected, while specific RBA EBITDA figures were not disclosed [95][96] Question: How does the company plan to enhance competitiveness in the insurance market? - The focus is on improving operational execution, ensuring consistency, and leveraging technology to enhance service delivery [68][115] Question: What is the outlook for service revenue take rates? - The company expects some headwinds in commission take rates due to sourcing more GTV from strategic accounts, but anticipates long-term growth in take rates [131]

On a combined basis, we are about 35% Commissions to 65% Buyer Fees • Includes certain legal, finance, advisory and other costs related to acquisitions • It also includes integration costs, such as severance Note: Sectors include salvage and non-salvage transactions © 2023 RB Global, Inc. | All Rights Reserved 11 | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | Inventory revenue is impac ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-13425 RB Global, Inc. (Exact Name of Registrant as Specified in its Charter) Canada 98-0626225 (State or ot ...

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Q1 2023 Earnings Conference Call May 10, 2023 12:00 PM ET Company Participants Sameer Rathod - Vice President of Investor Relations and Market Intelligence Ann Fandozzi - Chief Executive Officer Eric Jacobs - Chief Financial Officer Conference Call Participants Sabahat Khan - RBC Capital Markets. Michael Doumet - Scotiabank Craig Kennison - R. W. Baird Michael Feniger - Bank of America Maxim Sytchev - National Bank Larry De Maria - William Blair Operator Goo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-13425 Ritchie Bros. Auctioneers Incorporated (Exact Name of Registrant as Specified in its Charter) | Cana ...

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Company Representatives Ann Fandozzi - Chief Executive Officer Eric Jacobs - Chief Financial Officer Sameer Rathod - Vice President of Investor Relations and Market Intelligence Conference Call Participants Michael Doumet - Scotiabank Michael Feniger - Bank of America Larry De Maria - William Blair Gary Prestopino - Barrington Research Bryan Fast - Raymond James Operator Good morning. My name is M ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-13425 Ritchie Bros. Auctioneers Incorporated (Exact Name of Registrant as Specified in its Charter) | Canada | | 98-0626225 | ...