Rb Global, Inc. · TSX:RBA
Rb Global — Q1 2024 Earnings Presentation
11 slides from Rb Global's earnings presentation, May 9, 2024
Slide 1: First Quarter 2024 Financial Results
First Quarter 2024 Financial Results © 2024 RB Global, Inc. | All Rights Reserved
Slide 2: Forward Looking Statements
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 o
Slide 3: Key Messages
Key Messages Our strong start to the year directly reflects our “One Team – All In” culture We continue to invest in growth and drive operational excellence Robust execution in our automotive sector continues to translate into strong performance for our partners © 2024 RB Global, Inc. | All Rights R
Slide 4: Gross Transaction Value
Gross Transaction Value Sector Growth* 47% 20% 10% 6% 6% 3% -6% -7% Automotive Commerical Construction & Transportation Other Total Lot volume GTV * Reported gross transaction value in the current period compared to pro forma combined gross transaction value in the year-ago period © 2024 RB Global,
Slide 5: Service Revenue and Take Rate
Service Revenue and Take Rate Service Revenue Service Revenue Take Rate $849 M 20.8% 20.0% $745 M $119 M $92 M $503 M $444 M $209 M $227 M 1Q 23* 1Q 24 1Q 23* 1Q 24 Commissions Buyer Fees Marketplace Services * Pro forma combined • Service revenue increased 14% YoY on a pro forma combined basis on h
Slide 6: Inventory Sales Revenue, Return and Rate
Inventory Sales Revenue, Return and Rate Inventory Sales Revenue Inventory Return and Rate $30 M 30.0% $244 M $216 M $25 M $24 M 25.0% $20 M $19 M 20.0% $15 M 15.0% 9.8% $10 M 8.8% 10.0% $5 M 5.0% $0 M 0.0% 1Q 23* 1Q 24 1Q 23* 1Q 24 Return Rate * Pro forma combined • Inventory sales revenue decrease
Slide 7: Adjusted Diluted Earnings Per Share
Adjusted Diluted Earnings Per Share $0.90 $0.57 1Q 23 1Q 24 Adjusted EPS increased 58% YoY on strong operational performance and the full quarter impact of the IAA Adjusted EPS inclusion, lower adjusted income tax rate, partially offset by higher share count, higher net interest expense, and the all
Slide 8: Balance Sheet & Liquidity
Balance Sheet & Liquidity Achieved 2.0x at the end of the first quarter of 2024, a year ahead of transaction commitment 8.6x 2.0x Debt / Net income Adjusted Net Debt / TTM Adjusted EBITDA © 2024 RB Global, Inc. | All Rights Reserved 8
Slide 9: Allocate capital to areas of highest returns
Allocate capital to areas of highest returns Guiding Principle 2024 Focus Debt Continue to pay down Term Loan A Target net leverage ~2.0x repayment Invest in Strategic investment in business guided by returns $275M to $325M in Capex the business Monitor opportunities in core and adjacent sectors, ge
Slide 10: Outlook - Increasing Adjusted EBITDA Range
Outlook - Increasing Adjusted EBITDA Range • Moderating year-over-year growth GTV Growth1 1% to 4% • Guidance does not anticipate any significant GTV from catastrophic events • Continued gains in market share • Increasing the range to reflect on strong flow through from the topline and continued Adj
Slide 11: © 2024 RB Global, Inc. | All Rights Reserved
© 2024 RB Global, Inc. | All Rights Reserved