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 ...

Financial Data and Key Metrics Changes - The company achieved record financial results in 2022, with adjusted EBITDA increasing by 24% year-over-year and adjusted earnings per share rising by 36% to $0.68 [59][67] - Total service revenue in Q4 increased by 11%, driven by higher buyer fees and growth in marketplace services [42] - GTV (Gross Transaction Value) for Q4 increased by 6% year-over-year to $1.5 billion, with a 9% increase on a constant currency basis when excluding foreign exchange impacts [64][66] Business Line Data and Key Metrics Changes - The Auctions & Marketplace segment saw a revenue increase of 11%, with a take rate of 14.4%, up approximately 70 basis points compared to the prior year [44] - Inventory sales increased by 50% year-over-year, with strong growth across all regions, particularly in the U.S. [69] - The company reported a 465% increase in the number of organizations activated on its Inventory Management System (IMS) by the end of December [59] Market Data and Key Metrics Changes - GTV growth was driven by strong performance in North America, particularly from the Canadian team, while international growth was impacted by unfavorable foreign exchange rates [65] - The company expects GTV in Q1 to grow in the low to mid-single digits year-over-year, which is lower than the Q4 growth rate [66] Company Strategy and Development Direction - The company is focused on transforming from a traditional auction business to a global marketplace for insight services and transaction solutions, with significant progress made in 2022 [57] - The acquisition of IAA is seen as a strategic move to accelerate growth, drive margin expansion, and expand into adjacent verticals, with potential EBITDA growth opportunities estimated between $350 million to $900 million [36][37] - The company is implementing a new sales coverage model to target long-tail sellers and expand customer relationships [58] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are many ongoing projects, customers are beginning to expect some softening in their end markets [35] - The company is cautiously optimistic about future growth, acknowledging the competitive environment and the need to manage costs effectively [93][128] - The integration planning for the IAA acquisition has already begun, with a dedicated team in place to ensure a seamless execution [38] Other Important Information - The effective tax rate for Q4 was approximately 23.6%, slightly lower than the previous year [43] - The company expects interest expense in Q1 to be between $20 million and $21 million, inclusive of new financings related to the IAA acquisition [19] Q&A Session Summary Question: What are the expectations for GTV growth in Q1? - Management expects GTV growth in Q1 to be lower than Q4 due to various factors including pricing and asset mix [75][76] Question: Can you elaborate on the competitive environment? - The intense competition is attributed to low supply and the need to compete aggressively for business, which may impact margins [118][130] Question: How does the IAA acquisition impact the core business? - The acquisition is expected to strengthen the core business by unlocking strategic advantages and enhancing operational efficiency [85][114]

Acquisition and Growth - Ritchie Bros. anticipates potential growth and market opportunities through the proposed acquisition of IAA, Inc. and expects to incur substantial debt to complete this acquisition[9] - The company is pursuing the acquisition of IAA, Inc., which will incur substantial debt that could adversely affect its business and financial condition[15] - The company expects to face challenges related to integrating operations post-acquisition of IAA and realizing expected synergies[15] Revenue and Profitability - The company projects an increase in fee revenues due to the harmonization of its fee structure, which is expected to enhance profitability[9] - The company anticipates an increase in fee revenues due to the harmonization of its fee structure[15] Technology and Customer Experience - The company is committed to enhancing its technology infrastructure to support new business solutions and improve customer experience[9] - The company is focused on enhancing its technology infrastructure to support growth and improve customer experience[15] Market Conditions and Risks - Ritchie Bros. acknowledges the impact of the COVID-19 pandemic on its operations and anticipates ongoing effects on commercial activity and demand[9] - The company is facing risks related to the integration of IAA's operations, which may affect its financial condition and stock price[15] - The geopolitical situation in Eastern Europe, particularly due to Russia's invasion of Ukraine, may impact the company's operations and market conditions[15] - The company is subject to various economic conditions, including inflation and demand for equipment, which could impact its performance[15] Operational Challenges - The company is subject to quarterly revenue fluctuations due to the seasonality of its business, which may affect overall performance[9] - The company is experiencing fluctuations in quarterly revenues due to the seasonality of its business[15] - The company is monitoring the supply trend of equipment and the anticipated price environment for late model equipment, which affects its Gross Transaction Value (GTV)[15] Compliance and Regulations - The company is focused on compliance with evolving regulations that govern e-commerce, which could impact its operational costs and marketing efforts[15] - The company is focused on compliance with laws and regulations that affect its business operations[15] Market Adaptation - Ritchie Bros. aims to expand its internet initiatives, focusing on increasing participation in online auctions, which is critical for driving shareholder value[9] - Ritchie Bros. recognizes the importance of adapting to changing consumer behavior to maintain its market position and financial performance[15] Foreign Exchange Exposure - The company is exposed to foreign exchange rate fluctuations due to its substantial international operations, which could adversely affect its results[15] Customer Acquisition - The company is committed to expanding its market reach and acquiring new customers through various initiatives[15]

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Q3 2022 Results Conference Call November 7, 2022 8:00 AM ET Company Participants Sameer Rathod - VP, IR & Market Intelligence Ann Fandozzi - CEO Eric Jacobs - CFO John Kett - CEO, IAA Conference Call Participants John Healy - Northcoast Research Michael Doumet - Scotiabank Gary Prestopino - Barrington Research Michael Feniger - Bank of America Craig Kennison - R.W. Baird Sabahat Khan - RBC Capital Markets Carolina Jolly - Gabelli Bret Jordan - Jefferies Brya ...

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 September 30, 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) | ...

Financial Data and Key Metrics Changes - Organic revenue grew approximately 9% in Q2 2022, with consolidated revenues increasing 16.9% year-over-year to $520.3 million [8][44] - Adjusted EBITDA declined 3.6% for the first half of 2022, with Q2 adjusted EBITDA at $136.2 million, down from $152.6 million in the prior year [43][53] - Gross profit was $182 million, compared to $195.9 million in Q2 last year, with a gross margin of 35% [49] Business Line Data and Key Metrics Changes - Service revenue increased by 839%, while vehicle and parts sales rose by 65.7% [45] - U.S. volume grew nearly 5% year-over-year, excluding the loss from a top customer [9][49] - The total loss ratio declined to 16.8% from 18.2% last quarter and 19.7% in the prior year [48] Market Data and Key Metrics Changes - The Mannheim Index for used car prices was up approximately 10% at the end of June compared to the prior year [46] - International buyer base grew by 5% year-over-year, driven by improved customer experience [29] Company Strategy and Development Direction - The company is focused on leveraging data analytics to optimize operations and improve service levels [14][20] - Continued investment in automation and technology to enhance operational efficiency and customer service [12][19] - Expansion of real estate capacity in key markets to meet growing demand [31][32] Management's Comments on Operating Environment and Future Outlook - Management remains bullish on the near and long-term outlook despite macroeconomic challenges [16] - The company is confident in its ability to navigate the dynamic macro environment and deliver value to shareholders [41][125] - Expectations for total revenues in 2022 are narrowed to $2.020 billion to $2.075 billion, with organic revenue growth projected at 3.5% to 6% [59][60] Other Important Information - The integration of SYNETIQ is progressing as planned, although its forecast is trailing prior expectations due to onboarding costs and market dynamics [34][36] - The company achieved ISO accreditation for SYNETIQ, emphasizing its commitment to sustainability [38] Q&A Session Summary Question: Can you elaborate on the initiatives and customer feedback? - Management expressed excitement about initiatives in data analytics and loan payoff, noting positive customer feedback and the potential for market share gains [68][72] Question: What is driving the decline in the total loss rate? - The total loss ratio decline is attributed to higher used car prices affecting insurers' decisions, with expectations for it to return to previous levels over time [73][80] Question: What are the dynamics affecting costs related to labor and towing? - Increased costs are primarily due to higher labor rates and fuel prices, with management actively seeking ways to reduce these costs through automation and efficiency improvements [85][90] Question: How has the strength of the dollar impacted international bidding? - Despite the dollar's strength, the company has not seen a negative impact on international bidding activity, continuing to grow its buyer base [92][93] Question: Can you quantify the growth in the international buyer base? - Management noted strong growth in foreign-based buyers, particularly in regions like West Africa and the Middle East, but refrained from providing specific percentages [100][101] Question: What are the market dynamics in the UK affecting SYNETIQ? - The UK market is experiencing a transition with moderating used car prices impacting profitability, but management remains confident in the long-term potential of SYNETIQ [108][110]

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, 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) | Canad ...

Financial Data and Key Metrics Changes - Consolidated revenues increased by 31.7% year-over-year to $557.6 million, including $47.7 million from the acquisition of SYNETIQ [44] - Organic consolidated revenue increased by 20.2% to $508.9 million, driven by a 15.1% increase in ARPU and a 4.4% volume increase [45] - Adjusted EBITDA increased by 12.5% to $149.8 million, with organic adjusted EBITDA growing by 7.4% [56] Business Line Data and Key Metrics Changes - Service revenue increased by 20.7%, while vehicle and parts sales surged by 94.3% [45] - Purchased vehicle and parts sales accounted for 22% of total revenue, up from 15% in the prior year [46] - IAA Transport tripled transaction volume compared to the first quarter of last year, with gross margin increasing by nearly 360 basis points [25] Market Data and Key Metrics Changes - The Manheim Index for used car prices was up approximately 25% year-over-year at the end of March 2022, with a slight decline of 1% in April compared to March [47] - The U.S. industry total loss ratio declined to 18% from 20.6% in the prior year [48] - The Canadian market showed a significant pickup in activity, although assignments remain below 2019 levels [17] Company Strategy and Development Direction - The company is focused on M&A and international expansion, with the integration of SYNETIQ progressing well [12][14] - A unique business model emphasizes maximizing financial value while minimizing environmental impact, particularly in the U.K. market [15] - Continued investment in digital marketplace capabilities and data analytics to enhance buyer and seller experiences [22][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resiliency of the business despite economic challenges, citing historical performance during downturns [10][43] - The company expects revenue for 2022 to be in the range of $2.0 billion to $2.1 billion, with adjusted EBITDA between $535 million and $575 million [41][64] - Management highlighted the importance of customer relationships and the potential for growth in both U.S. and international markets [43] Other Important Information - The company has formed an operations committee to enhance overall performance following shareholder feedback [40][91] - The balance sheet remains strong, with total liquidity of approximately $535 million and a leverage ratio of 2.1x [60] Q&A Session Summary Question: Changes in business during economic downturns - Management noted that while recessions may affect miles driven, they do not lead to a significant drop in driving, which supports continued demand for services [71] Question: Impact of noncompete agreement with Car Global - Management confirmed that the noncompete agreement remains in place, but they see growth opportunities in the repossessed vehicle market [75] Question: Inflation and cost management strategies - Management discussed ongoing process improvements and automation efforts to mitigate inflationary pressures on costs [84] Question: Impact of Hurricane Ida on expenses - Management indicated that higher expenses related to Hurricane Ida affected gross margins, but the impact is expected to diminish moving forward [88] Question: Operations committee focus areas - The operations committee will address areas of operational underperformance identified through shareholder feedback [91] Question: Pricing power and buyer fee increases - Management explained that buyer fee increases are part of a strategy to manage rising costs and that they are exploring pricing flexibility due to a fragmented buyer base [92] Question: Mix of cars exported and geographic expansion - Management clarified that the exported vehicles are generally higher value, drivable, and rebuildable, rather than scrap metal [98] Question: Trends in towing and labor costs - Management noted that while towing costs have increased, they are implementing strategies to manage these costs effectively [100]