Core Insights - The Amelia Concours achieved record auction sales of $111 million, marking the highest grossing auction in its 31-year history [1] - The event featured notable awards, with a 1931 Duesenberg Model J winning Best of Show and a 1969 McLaren M8B winning Best of Show - Concours de Sport [1] - Broad Arrow Auctions, the auction house for the event, reported a 92% sell-through rate, indicating strong demand in the collector car market [1] Auction Performance - Broad Arrow Auctions conducted its most successful auction to date, with total sales exceeding $111 million and 92% of lots sold [1] - The auction attracted over 1,000 registered bidders from 23 countries, leading to standing-room-only attendance [1] - Record prices were achieved for several modern supercars, including a 2003 Ferrari Enzo sold for $15,185,000 and a 1972 Lamborghini Miura P400 SV sold for $6,605,000, surpassing previous benchmarks [1] Event Highlights - The Amelia Concours featured over 275 distinguished automobiles and included a sold-out Reverie kick-off gathering and the largest-ever RADwood display [1] - The event celebrated automotive culture with luxury hospitality, seminars, and driving experiences, attracting a diverse community of car enthusiasts [1] - The Amelia Concours has donated over $4 million to charitable organizations since its inception in 1996, highlighting its commitment to philanthropy [2] Future Events - The Amelia Concours will return in 2027, scheduled for March 4-7, and will continue to host events that celebrate automotive excellence [2] - Upcoming events include The Greenwich Concours on May 30-31, 2026, and Motorlux during Monterey Car Week on August 12, 2026 [2]

Core Insights - Broad Arrow Auctions achieved over $111 million in total sales during the 2026 Amelia Concours Auction, marking the highest-grossing auction in the event's 31-year history and Broad Arrow's most successful auction since its founding in 2021 [1][3] Auction Performance - The auction took place on March 6-7, 2026, at The Ritz-Carlton, Amelia Island, with a sell-through rate of 92%, selling 165 out of 179 lots [1][3] - The event attracted over 1,000 registered bidders from 23 countries, indicating strong global interest [2] Record Sales - The top-selling item was a single-owner 2003 Ferrari Enzo, which sold for $15,185,000, setting a new record for the auction [1][4] - A total of 13 new world record auction prices were established, including: - 2005 Porsche Carrera GT at $6,715,000 - 1972 Lamborghini Miura P400 SV at $6,605,000 - 2015 Porsche 918 Spyder at $2,975,000 [1][11][13] Market Trends - The auction demonstrated robust demand for modern supercars, with significant bidding activity for exceptionally specified vehicles [3][11] - High-quality cars with great provenance from various eras also secured strong prices, reflecting a healthy collector car market [3][11] Upcoming Events - Broad Arrow Auctions will return for the 2026 edition of Air|Water on April 25, featuring over 60 desirable Porsches [14] - The company is also preparing for the Concorso d'Eleganza Villa d'Este Auction on May 16-17, with early consignments already in place [14]

Core Insights - The company is focusing on a product-led shift to digital wholesale auctions, aiming to enhance dealer engagement and expand its addressable market [4][6][20] Group 1: Operational Priorities - The company has initiated the installation of its VIPER service-lane inspection hardware at dealerships across the U.S. following the NADA event in February [1][7] - In Q4, the company increased its go-to-market resources by adding inspectors and sales personnel, with an additional $11 million allocated to improve coverage in underperforming territories [3][7] - The company addressed elevated arbitration costs in Q3 and Q4, which were above historical norms, and has taken corrective actions to normalize these costs [2][7] Group 2: Market Dynamics - Dealers are retaining a larger share of trade-ins, approximately 55% to 60%, compared to around 40% pre-COVID, which the company expects to normalize over time [5][10] - The wholesale market has been disrupted due to COVID, with supply remaining below pre-COVID levels, leading to increased dealer retention of trade-ins [9][10] - The company is working to help dealers acquire vehicles directly from consumers to reduce reliance on OEM supply and off-lease flows [10][12] Group 3: Product Initiatives - The company is leveraging Guaranteed/No Reserve offerings and bundled tools like ClearCar, ACV Max, and VIPER to facilitate faster appraisals and broader buyer reach [6][11] - ClearCar is a web- and mobile-based appraisal tool that enables self-inspection and pricing, with over 1,500 dealers actively using it [15] - VIPER is a digital inspection platform that provides rapid condition assessments and pricing suggestions, with a focus on appraisals in the first half of the year [16] Group 4: Growth Strategy - The company aims to strengthen territories and build product bundles, with some mature territories achieving EBITDA margins of 25% to 30% [13] - The company is still the largest digital player in the U.S. but has experienced lower growth rates than expected, prompting reinvestment in underperforming markets [13][14] - The floorplan lending business has grown rapidly, with a 48% increase in Q4, and the company is tightening credit standards to manage risk [18] Group 5: Commercial Strategy - The company is launching a "greenfield" digital auction location in Houston, which integrates with its marketplace and has received positive customer feedback [19] - The company is making progress in integrating with consignors through AutoIMS, with a goal to launch with consignors by mid-year [19]

Core Insights - The inaugural Broad Arrow Global Icons online auction series achieved total sales of €18.3 million with a sell-through rate of 90 percent, attracting nearly 800 registered bidders from 35 countries [1][3][14] - The highlight of the auction was the sale of Michael Schumacher's 1992 Benetton B192 Formula One car for €5.082 million, marking its first public sale [2][8] - Other notable sales included a 1971 Lamborghini Miura P400 S for €1.716 million and a 2003 Ferrari 360 Challenge Stradale, which set a European auction record for the model at €561,000 [5][6][21] Auction Performance - The auction series consisted of three parts: Global Icons: Europe Online, Global Icons: UK Online, and Global Icons: Memorabilia Online, with the latter featuring over 100 exclusive items [1][11] - The online platform facilitated global participation, allowing collectors to bid on iconic cars and memorabilia from prestigious locations [3][14] - The auction series is seen as a successful start to the 2026 European collector car auction calendar, with future events planned [14][18] Notable Sales - The 2003 Ferrari 360 Challenge Stradale achieved a sale price of €561,000, exceeding its upper estimate [3] - A 1964 ASA 1000 GT Berlinetta sold for €79,750, while a 1990 Ferrari Mondial t Cabriolet sold for €99,000, exceeding its high auction estimate by 52 percent [4][6] - The memorabilia auction featured a replica of Ayrton Senna's 1988 McLaren helmet, which sold for €55,625, and a rear wheel from Senna's 1990 McLaren, which sold for €33,750 [11][12]

Core Insights - The 1992 Benetton B192-05, driven by Michael Schumacher to his first Grand Prix victory, is being offered for public sale for the first time as part of Broad Arrow's Global Icons: Europe Online auction from January 23-30, 2026 [1][3][10] - This car is significant as it is the last race-winning Formula One car to utilize a manual gearbox, marking a pivotal moment in the sport's history [2][4] Auction Details - The auction will feature the Benetton B192-05, which is expected to fetch over €8,500,000 [5] - Alongside the car, the auction will also include various memorabilia related to Michael Schumacher, such as a signed helmet and overalls, with estimates ranging from €2,000 to €30,000 [6][10] Historical Significance - The B192-05 is recognized as one of the most iconic Formula One cars, symbolizing the beginning of Schumacher's record-setting career, which includes seven World Drivers' Championship titles and 91 victories [4][10] - The car's victory at the 1992 Belgian Grand Prix was achieved under challenging conditions, showcasing Schumacher's talent and the engineering excellence of the vehicle [3][4] Ownership and Restoration - After its racing career, the car was retained by Renault and later sold to LRS Formula, where it underwent a complete restoration, including a chassis overhaul and engine rebuild [5] - The current owner, a known racer of modern F1 machinery, acquired the car in 2016 [5] Auction House Background - Broad Arrow Auctions, a Hagerty company, is a leading global collector car auction house, known for its high-quality offerings and rapid growth in the auction segment [11]

Core Viewpoint - Broad Arrow, a Hagerty company, is set to auction the iconic 1992 Benetton B192-05, which Michael Schumacher drove to his first Grand Prix victory, marking a significant event for collectors and motorsport history [1][3]. Auction Details - The auction will take place from January 23 to January 30, 2026, as part of the Global Icons: Europe Online auction series [1]. - The Benetton B192-05 is expected to fetch over €8,500,000 during the auction [5]. Historical Significance - Chassis B192-05 is recognized as a pivotal Formula One car, being the last to win a race with a manual gearbox, symbolizing a shift in the sport [2]. - This car not only represents Schumacher's first victory but also the end of an era for manual gearboxes in Formula One [3]. Collectible Memorabilia - The auction will also feature collectible items related to Michael Schumacher, including a signed 1994 Original Benetton Helmet (estimated at €20,000 - €30,000) and his 1995 Benetton Overalls (estimated at €15,000 - €25,000) [6]. Other Auction Highlights - Additional notable items in the auction include a 1971 Lamborghini Miura P400 S (estimated at €1,600,000 - €1,800,000) and a 1990 Ferrari Mondial T Cabriolet (estimated at €45,000 - €65,000) [7].

Core Insights - Broad Arrow, a Hagerty company, reported a total transaction value of over $624 million in 2025, marking a 97% increase from $316 million in 2024 [1][2]. Auction Performance - Broad Arrow Auctions achieved total sales of $257 million across eight live auctions and two online memorabilia auctions in 2025, with an 88% sell-through rate for 949 lots sold [3][8]. - The company set 11 world record auction prices and attracted bidders from 52 countries, with significant growth in registered bidders, particularly in Europe [3][9]. Private Sales - Broad Arrow's Private Sales business generated over $281 million in transaction value across 190 transactions, surpassing auction totals for the first time, with an average transaction value of approximately $1.48 million [14][8]. - Notable sales included a 1995 McLaren F1 and a 2019 Ferrari FXX-K Evo, highlighting the company's expertise in high-value collector cars [15][16]. Financing Capabilities - Broad Arrow Capital facilitated over $85 million in new financing transactions in 2025, supporting clients in the U.S., U.K., and Europe [17][8]. Future Outlook - The company plans to expand its auction calendar in 2026 with new online sales and live events, including the flagship Amelia Auction scheduled for March 2026 [18][19].

Core Insights - Broad Arrow Auctions, a Hagerty company, is launching a new online auction series called Global Icons in January 2026, featuring collector cars and motorsport memorabilia [1][2] Auction Format and Offerings - Global Icons will consist of three parts: two online collector car auctions (Global Icons: Europe Online and Global Icons: UK Online) and an online memorabilia auction (Global Icons: Memorabilia Online) [1][2] - The auctions will feature a diverse selection of high-quality pre-war, post-war, and modern collector cars, with a focus on 'iconic' vehicles that hold historical significance [2][3] Featured Lots - A notable early consignment for the auctions includes a 1971 Lamborghini Miura P400 S, estimated between €1.600 million and €1.800 million, which has a rich history and has been carefully restored [3][4] Memorabilia Offerings - The memorabilia auction will include approximately 100 lots, featuring items associated with legendary drivers such as Ayrton Senna and Michael Schumacher [5] Auction Timeline - Bidding for the auctions will open on January 23, 2026, with the Europe and UK Online auctions closing on January 30, and the Memorabilia Online auction closing on February 1 [6] In-Person Previews - Broad Arrow will host in-person previews of many auction lots at various locations across Europe and at its UK headquarters, enhancing the auction experience for bidders [7] Consignment Information - Interested consignors are invited to connect with Broad Arrow for consignment opportunities, with buyer's premiums set at 10% for collector vehicles and 25% for memorabilia [8]

Third Quarter 2025 © 2025 RB Global, Inc. | All Rights Reserved Forward-Looking Statements Forward-Looking Statements: Certain statements contained in this presentation include "forward-looking statements" within the meaning of U.S. federal securities laws and "forward-looking information" within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements herein include, in particular statements relating to future financial and operational results, opport ...

Core Insights - Broad Arrow Auctions, a Hagerty company, successfully held its inaugural Zürich Auction, achieving total sales exceeding CHF 22 million with 87% of lots sold [2][3][11] Auction Highlights - The top-selling vehicle was a 1956 Jaguar D-Type, XKD 551, which sold for CHF 5'181'250, notable for its originality and eligibility for premier historic events [3][19] - A 2024 Aston Martin Valkyrie Spider was sold for CHF 2'706'250, marking a successful month for Broad Arrow with both Coupe and Spider versions sold at auction [4][19] - A 1952 Ferrari 212 Europa Pinin Farina Coupe, originally owned by actress Ingrid Bergman, fetched CHF 816'250, highlighting its historical significance [5][19] Popular Models and Bidding Activity - Iconic Ferrari models were highly sought after, with a 1966 Ferrari 275 GTB Alloy selling for CHF 2'312'500 and a 2023 Ferrari 812 Competizione A for CHF 1'525'000 [6][19] - The auction featured competitive bidding for a 2015 Porsche 918 Spyder, which sold for CHF 1'418'125, reflecting the strong interest in Porsche models among Swiss collectors [7][19] Event Atmosphere and Participation - The auction took place at the luxurious Dolder Grand hotel, attracting registered bidders from 24 countries, creating an exciting atmosphere for collectors [2][3][11] - Broad Arrow's VP of Sales for EMEA Region, Joe Twyman, emphasized the success of the auction as a fitting conclusion to their 2025 European auction calendar [3][11]