RB Global : Conference Presentation

Conference Presentation

Jim Kessler, CEO Eric Guerin, CFO

© 2024 RB Global, Inc. | All Rights Reserved

Forward Looking Statements

This presentation contains forward-looking statements and forward-looking information within the meaning of applicable US and Canadian securities legislation (collectively, "forward- looking statements"), including, in particular, statements regarding future financial and operational results, opportunities, and any other statements regarding events or developments that RB Global believes or anticipates will or may occur in the future. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan, "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or statements that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond RB Global's control, including risks and uncertainties related to: the effects of the business combination of RBA and IAA, including the combined company's future financial condition, results of operations, strategy and plans; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the merger; the diversion of management time on transaction-related issues; the response of competitors to the merger; the ultimate difficulty, timing, cost and results of integrating the operations of RBA and IAA; the fact that operating costs and business disruption may be greater than expected; the effect of the consummation of the merger on the trading price of RBA's common shares; the ability of RBA to retain and hire key personnel and employees; the significant costs associated with the merger; the outcome of any legal proceedings that could be instituted against RBA; the ability of the combined company to realize anticipated synergies in the amount, manner or timeframe expected or at all; the failure of the combined company to realize potential revenue, EBITDA, growth, operational enhancement, expansion or other value creation opportunities from the sources or in the amount, manner or timeframe expected or at all; the failure of the trading multiple of the combined company to normalize or re-rate and other fluctuations in such trading multiple; changes in capital markets and the ability of the combined company to generate cash flow and/or finance operations in the manner expected or to de-lever in the timeframe expected; the failure of RBA or the combined company to meet financial forecasts and/or KPI targets; the combined company's ability to commercialize new platform solutions and offerings; legislative, regulatory and ec onomic developments affecting the combined business; general economic and market developments and conditions; the evolving legal, regulatory and tax regimes under which RBA operates; unpredictability and severity of catastrophic events, including, but not limited to, pandemics, acts of terrorism or outbreak of war or hostilities, as well as RBA's response to any of the aforementioned factors.

Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in RBA's periodic reports and other filings with the Securities and Exchange Commission ("SEC") and/or applicable Canadian securities regulatory authorities, including the risk factors identified under Item 1A "Risk Factors" and the section titled "Summary of Risk Factors" in RBA's most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and RBA's periodic reports and other filings with the SEC which are available on the SEC, SEDAR and RB Global's websites

The foregoing list is not exhaustive of the factors that may affect RB Global's forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, and actual results may differ materially from those expressed in, or implied by, these forward-looking statements. Forward-looking statements are made as of the date of this presentation and RB Global does not undertake any obligation to update the information contained herein unless required by applicable securities legislation. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Non-GAAP Financial Measures

This presentation contains certain non-GAAP financial measures, including adjusted EBITDA, adjusted EPS, adjusted net income, and adjusted net debt. These non-GAAP financial measures are not calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing a company's financial condition or operating results. Therefore, these measures should not be considered in isolation or as alternatives to financial measures under GAAP. In addition, these measures may not be comparable to similarly-titled measures used by other companies. Further information regarding non-GAAP financial measures is included in RBA's filings with the SEC and/or applicable Canadian securities regulatory authorities, including RBA's Current Report on Form 8-K and Periodic Report on Form 10-Q filed with the SEC on the date of this presentation, which are available on the SEC and SEDAR websites and at: investor.rbglobal.com.

This presentation also includes certain forward-lookingnon-GAAP financial measures. We are unable to present a quantitative reconciliation of this forward-lookingnon-GAAP financial information because management cannot reliably predict all of the necessary components of such measures. Accordingly, investors are cautioned not to place undue reliance on this information.

All figures are in US dollars, unless otherwise noted.

© 2023 RB Global, Inc. | All Rights Reserved

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Strategic Vision

The Trusted Global Marketplace for Insights,

Services, and Transaction Solutions for

Commercial Assets and Vehicles

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Assets in our Omnichannel Marketplace

Gross Transaction Value

Commercial Construction &

Automotive

Includes Salvage Vehicles and

Non-Salvage Vehicle / Whole

Car​

$16.1

Automotive

52%Billion

Construction &

Transportation

36%

Transportation

Includes heavy equipment such as excavators, dozers, lift and material handling, vocational and commercial trucks and trailers

Other​

Other

12%

LTM quarter ending 1Q24

Includes agriculture, oil and gas, and government surplus sectors as well as equipment attachments and other sundry items​

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Partners

Sellers

• Fleet Owners
• Insurance Companies
• Financial Institutions
• Dealers
• Small Business Owners

Buyers

• End Users

• Small Business Owners

• Dealers & Brokers

• Recyclers & Dismantlers

Sell

Buy

Commitments

Manage

Owners

• End Users
• Small Business Owners
• Fleet Owners
• Dealers
• Financial Institutions

© 2024 RB Global, Inc. | All Rights Reserved

5

~20% Take Rate Drives Service Revenue

Transaction Solutions

• Omnichannel Marketplace Platform
• Care, Custody and Control of Assets
• Merchandizing
• Global buyer base & demand engine
• Platform Integrations
• Settlement

86%

Buyer Fees

58% $3.2 14%

Billion

Marketplace Services

• Towing, Transportation & Logistics
• Inspection & Appraisal
• Refurbishing & Storage
• Title & Loan Resolution
• Data & Insights
• Financial Services
• Inventory Management ​
• Parts Procurement​
• Fleet Utilization & Valuation​

Commissions

28%

LTM quarter ending 1Q24

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Growth Algorithm

Market Share

Pillars to accelerate growth:

• Exceeding Customer

Expectations

All about the customer

• Best Employee Experience One - Team all in

New Sectors

• Modern Architecture Easy to do business with

New Marketplace

Services

Scale Penetration

New Geographies

Organic

Acquisitions

Organic

Acquisition

2024 Focus

Expanding Sales Coverage

Maintain Strong Operational Performance

Organic

(e.g. Europe, Middle East, Asia, Australia)

Acquisitions that exceed returns threshold

(e.g. Transportation)

(e.g. Agriculture)

Salvage Vehicle

(e.g. IAA, 2023)

(e.g. Ritchie Bros. Financial Services)

(e.g. IAA Vehicle Score)

Data - Rouse, 2020

Parts Procurement - SmartEquip, 2021

Transportation - Veritread, 2023

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~8000 Team Members Drive Profitable Growth

Gross Transaction Value

+12% YoY

Growth Algorithm

	$16,109 M
$14,397 M
LTM 1Q23	LTM 1Q24

GTV and Service Revenue is presented as proforma combined for LTM 1Q23

Service Revenue

+16% YoY

Take Rate expansion

$3,238 M

$2,802 M

LTM 1Q23

LTM 1Q24

Adjusted EPS

+31% YoY

Operational Excellence

	$3.29
$2.52
LTM 1Q23	LTM 1Q24

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Allocate Capital to Areas of Highest Returns

Debt

repayment

Invest in

the business

Acquisitions

Return capital

Guiding Principle

Target net leverage ~2.0x

Strategic investment in business guided by returns

Monitor opportunities in core and adjacent sectors, geographies, and marketplace services that exceed financial hurdles

Maintain relevant dividend; increase modestly over time Consider shares repurchase when appropriate

2024 Focus

Continue to pay down Term Loan A

$275M to $325M in Capex

Focus on integrating and driving returns from recent acquisitions

Maintain relevant dividend

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