Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET

Company Representatives

Ann Fandozzi - Chief Executive Officer

Eric Jacobs - Chief Financial Officer

Sameer Rathod - Vice President of Investor Relations and Market Intelligence

Conference Call Participants

Michael Doumet - Scotiabank

Michael Feniger - Bank of America

Larry De Maria - William Blair

Gary Prestopino - Barrington Research

Bryan Fast - Raymond James

Operator

Good morning. My name is Michelle, and I will be your conference operator today. At this time I would like to welcome everyone to the Ritchie Bros. Auctioneers Fourth Quarter Conference Call.

All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer. [Operator Instructions]. Thank you.

I would now turn the call over to Mr. Sameer Rathod, Vice President of Investor Relations and Market Intelligence to open the conference call. Mr. Rathod, you may begin your conference.

Sameer Rathod

Thanks. And hello and good afternoon to everyone joining on our call today to discuss our fourth quarter and full year 2022 results. Joining me on the call today are Ann Fandozzi, Ritchie Brothers, Chief Executive Officer and Eric Jacobs, Ritchie Brothers, Chief Financial Officer.

The following discussion will include forward-looking statements which can be identified by words such as expect, believe, estimate, anticipate, plan, intend, opportunities and similar expressions.

Comments that are not a statement of fact including, but not limited to projections of future earnings, revenue, gross transaction value, debt and other items, business and market trends and expectations regarding the proposed acquisition of IAA, including the anticipated timing, benefit and cost synergies and opportunities with respect to the transaction are considered forward-looking and involve risks and uncertainties.

These factors include the satisfaction of the closing conditions, including shareholder approval or the IAA transaction. We note that during today’s call we will be discussing potential opportunities for the combined company and related information, including estimated amounts or ranges for such opportunities for illustrative purposes. This information is not intended to imply future targets, expectations or guidance and does not incorporate potential cost achieved for specific timelines.

The risks and uncertainties that could cause actual results to differ significantly from such forward-looking statements are detailed in our news release issued this afternoon, as well as our most recent Quarterly Reports and Annual Report on Form 10-K, which are available on our Investor Relations website and on EDGAR and SEDAR.