Rb Global, Inc. · TSX:RBA
Rb Global — Ritchie Bros. Auctioneers — Shareholder Meeting (May 2016)
23 slides from Rb Global's shareholder meeting presentation, May 2, 2016
Slide 1: 2016 Annual General and Special Meeting
2016 Annual General and Special Meeting 1 May 2, 2016
Slide 2: Agenda
Agenda 1. Official Business of the Meeting 2. Adjournment of formal meeting – voting results tabulated 3. Remarks from Ravi Saligram, CEO 4. Questions from shareholders 5. Formal meeting recommences – voting results disclosed 2 2
Slide 3: Official Business of the Meeting
Official Business of the Meeting Notice of the Meeting Confirmation of Quorum Presentation of Financial Statements & Report of Auditors 3 3
Slide 4: Appointment of Auditors
Official Business of the Meeting Appointment of Auditors Motion to appoint Ernst & Young LLP as auditors of the Company for the fiscal year ending December 31, 2016, and to authorize the directors to fix their remuneration. 4 4
Slide 5: Election of Directors
Official Business of the Meeting Election of Directors Beverley Briscoe Bob Elton Erik Olsson Eric Patel Ed Pitoniak Ravi Saligram Chris Zimmerman 5 5
Slide 6: Say-on-Pay Advisory Vote
Official Business of the Meeting Say-on-Pay Advisory Vote To approve, on an advisory basis, a non-binding advisory resolution accepting the Company’s approach to executive compensation, as more particularly described in the proxy statement. 6 6
Slide 7: Frequency of Say-on-Pay Vote
Official Business of the Meeting Frequency of Say-on-Pay Vote To recommend, on an advisory basis, the frequency of holding an advisory vote on executive compensation, as more particularly described in the proxy statement. 7 7
Slide 8: Amendment and Restatement of Stock Option Plan
Official Business of the Meeting Amendment and Restatement of Stock Option Plan To consider and, if deemed advisable, to pass an ordinary resolution approving the amendment and restatement of the Company’s Stock Option Plan, the full text of which resolution is set out in the proxy statement. 8 8
Slide 9: Senior Executive Performance Share Unit Plan
Official Business of the Meeting Senior Executive Performance Share Unit Plan To consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution to ratify, confirm and approve the Company’s Senior Executive Performance Share Unit Plan, including the provisions permittin
Slide 10: Employee Performance Share Unit Plan
Official Business of the Meeting Employee Performance Share Unit Plan To consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution to ratify, confirm and approve the Company’s Employee Performance Share Unit Plan, including the provisions permitting the Company to
Slide 11: 1999 Employee Stock Purchase Plan
Official Business of the Meeting 1999 Employee Stock Purchase Plan To consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution to ratify, confirm and approve the Company’s amended 1999 Employee Stock Purchase Plan, the full text of which res0lution is set out in
Slide 12: Reconfirmation of the Shareholder Rights Plan
Official Business of the Meeting Reconfirmation of the Shareholder Rights Plan To consider and, if deemed advisable, to pass, an ordinary resolution reconfirming the Shareholder Rights Plan, dated as of February 22, 2007, between the Company and Computershare Investor Services Inc., the full text of
Slide 13: Report of the CEO
Report of the CEO Ravi Saligram
Slide 14: 2015 Key accomplishments
2015 Key accomplishments Record $4.25 billion of equipment sold through 345 unreserved auctions and E1 • US GAP exceeded $2 billion annually for the first time Record $1.9 billion of equipment sold online (online bidding and EquipmentOne) • 45% of total GAP sold to online buyers Annual revenue rate
Slide 15: 2015 results were very strong
2015 results were very strong Performance during 2015 demonstrates our commitment to execution, our strategy is gaining traction, and our agility in leveraging market opportunities 2015 Reported - % Growth 2015 Organic - % Growth Versus 2014 Versus 2014 GAP 1% 8% Revenue 7% 16% Adjusted Operating In
Slide 16: 2015 relative to RBA's evergreen financial model
2015 relative to RBA’s evergreen financial model Performance Metric Avg. Annual Growth Targets 2015 performance • GAP Growth (%) High Single Digit to Low Double Digits +8% (organic) • Revenue Growth (%) (1) Mid Single Digit to High Single Digit +16% (organic) • SG&A Growth (%) Will grow slower t
Slide 17: Strategic Roadmap
Strategic Roadmap Objective: grow revenue & earnings, drive cash flow, improve RONA 17
Slide 18: We are fast becoming a multichannel, digital powerhouse
We are fast becoming a multichannel, digital powerhouse Ritchie Bros. now offers four main sales channels to equipment owners RITCHIE BROS. GROUP OF COMPANIES: 75% ownership 51% ownership Integrated technology platform Integrated onsite/online unreserved auction network Online marketplace Financial
Slide 19: Focus of M&A activities
Focus of M&A activities Acquisitions remain a key component of our growth strategy and capital allocation priorities 1 2 3 Bolt-on acquisitions Acquisitions that Needle-moving that can grow our auction enhance our sales acquisitions that could volumes and scale channels and customer significantly gr
Slide 20: 2016 – Off to a great start!
2016 – Off to a great start! Many record-breaking auctions have been held so far this year: Bonanza, Alberta – March 30, 2016 Grande Prairie, Alberta – March 14-15, 2016 CA$24+ million of GAP CA$62+ million of GAP Largest ‘on-the-farm’ agricultural auction ever Largest ever Grande Prairie auction he
Slide 21: Formal Meeting
Formal Meeting rl RITCHIE BROS.
Slide 22: Scrutineers report: Results of shareholder vote
Official Business of the Meeting Scrutineers report: Results of shareholder vote Other Business Motion to conclude Meeting 22 22
Slide 23: Thank you for attending our 2016 AGM
Thank you for attending our 2016 AGM Edmonton auction site April 26 – 30, 2016 23 23
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