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The global leader in used equipment salesInvestor presentation

November 4, 2014 – Q3/14 information

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Forward looking statements

This presentation contains forward-looking statements.

Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions. Actual results may differ materially from those expressed herein. Additional information concerning factors that could affect the Company’s actual results is included in the Company’s filings with securities regulators. The Company undertakes no obligation to update publicly any forward-looking statements except as required by securities legislation.

All figures are in US dollars, unless otherwise noted.

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Ritchie Bros. overview

The trusted source for buying and selling industrial equipment• Global leader for industrial auctions; unreserved process

– No minimum bid/reserved price. No buy-backs. Ensures the sale of goods on the day of the auction at global market price

• Cater to the needs of heavy equipment owners– Customers are from the construction, trucking, agricultural and resource sectors

• Minimal exposure to mining sector – mining equipment represented approx. 1% of total gross auction proceeds in 2013

• 356 auctions; $3.8 billion in Gross Auction Proceeds during 2013– Industry leader by wide margin, with only ~2% of global used equipment market share– Enormous growth opportunity; highly fragmented market

• Launched EquipmentOne online marketplace in 2013

Strong financial performance• $467.4 million of revenue during fiscal 2013

– CAGR of 11.2% over last 10 years

• $90.0 million of adjusted net earnings during fiscal 2013

Publicly listed on the NYSE and TSX (as RBA)• Market cap of approx. US$2.6 billion

RBA Auction - Circa 1958

RBA Auction - Now

Ritchie Bros. has a strong heritage –selling used equipment since 1958

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Global reach110 locations in 25 countries44 auction sites in 14 countries worldwide• Approx. 55% of auction purchases are made by bidders from outside the

region of the auction• Allows RBA to effectively transfer equipment between regions experiencing

different economic cycles (transcends local market conditions)• Consignors benefit from global market pricing for their equipment, generated

by international demand for their machinery• Buyers benefit from a global supply, with an ability to purchase and ship

equipment from weak economic regions to areas with stronger growth

48%

29%

14%

9%United States

Canada

Europe

Other

REVENUE BY GEOGRAPHY(2013 revenue breakdown)

Ritchie Bros.’ online bidding allows customers from around the world to bid on equipment at any of our auctions.

• Real-time information from live auctions available online to registered bidders

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AUCTION SITES(Countries with permanent or regional auction sites)

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Global market opportunity

Company market research suggests an annual global used equipment market of $200 billion

• Based on annual transaction values; includes construction, agricultural, forestry, and mining machinery

• RBA is the largest industrial auctioneer in the world – by a wide margin, with only 2% of total used equipment market share

Approximately half of used equipment sellers would consider using an unreserved auction to sell equipment

• Means $100 billion addressable market for RBA’s core auction solution

• Highly fragmented market

Half of used equipment sellers indicated a need for control of the price and process when selling used equipment

• Not suitable prospects for traditional RBA auction services• Prime candidates for Ritchie Bros. EquipmentOne - our online

(non-auction) marketplace

GLOBAL USED EQUIPMENT MARKET$100 billion: used equipment market using private treaty to sell (no intermediary)

RBA market share ~2% of total $200 billion used equipment market

Approx. 50% of used equipment sellers indicate they would consider unreserved auctions ($100 billion market)

$200 billion total annual

market

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(Annual transactions)

$100 billion: used equipment market using an intermediary to sell

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Unreserved auction revenue modelFour main revenue streams support Ritchie Bros.’ unreserved auction business:

Unreserved Auction

Straight Commission

Guaranteed Proceeds (underwritten transaction)

Inventory (underwritten transaction)

Consignors contract to sell their equipment through one of Ritchie Bros. unreserved auctions. A pre-determined percentage of the selling price is provided to RBA as commission.

Consignors are guaranteed to receive a pre-determined amount for their equipment, regardless of the final selling price at the auction. A stepped commission fee is negotiated, accounting for the additional risk being assumed by RBA. (Also known as an ‘at risk’ transaction)

On rare occasions, Ritchie Bros. may choose to purchase equipment outright, obtaining title of the piece to sell at an upcoming auction.

TRANSACTION TYPE REVENUE

Straight Commission fee (% of auction proceeds)

Stepped commission fee (x% of guaranteed proceeds; x+y% for proceeds above guaranteed amount)

Gains on sale

Sellers (Consignors)

Buyers Admin Fees & Value-added Services (VAS) Admin fees and fees from value-added service activities

RBA provides many services to assist with the purchase of equipment, including financing , inspection services, painting etc.

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$3,8

15

$-

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

1980

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Growth of Gross Auction Proceeds (GAP)

US$3.8 billion of GAP produced during fiscal 2013

GAP:The aggregate dollar amount sold through our multiple solutions

7 Includes transactions of AssetNation and EquipmentOne online marketplaces in 2012 and 2013

GROSS AUCTION PROCEEDS (US$ millions)

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Four external influences on GAP

The pricing environment• A strong pricing environment will enhance market values of equipment sold at auctions• Stable or increasing pricing environment provides consignors with more confidence to

sell equipment through unreserved auctions

The mix of categories of assets sold • RBA sells a wide variety of industrial and agricultural equipment and other products.

There is no consistency to the mix of assets sold, as it varies at each auction held due to regional, seasonal and cyclical factors.

• The proportion of higher-valued items sold at each auction relative to smaller goods impacts the auction proceeds generated

The mix of equipment age• Newer equipment generally has a higher market value compared to older machinery

The number of Lots consigned• Each sale generates proceeds. Increasing the number of Lots sold can bolster gross

auction proceeds

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% OF GAP BY ASSET AGE

Age of equipment sold through RBA auctionsEquipment production levels in prior years is reflected in age of assets sold• Drop in equipment production post financial crisis has impacted the age of assets available for sale.

Production has since returned to pre-crisis levels• Other GAP influences remain strong: stable equipment pricing and growing number of Lots sold

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0%

2%

4%

6%

8%

10%

12%

14%

2010 2011 2012 2013 2014 YTD (Oct. 31)

Excludes assets with unknown age and those over 10 years.

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0

20,000

40,000

60,000

80,000

100,000

120,000

2003

2004

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2007

2008

2009

2010

2011

2012

2013

Consignors Buyers

0

50,000

100,000

150,000

200,000

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300,000

350,000

400,000

450,000

2003

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2006

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Registrants Lots

Growing consignor and buyer base

5.8% CAGR in consignors over last 10 years

5.9% CAGR in buyers over last 10 years

8.1% CAGR in registrants over last 10 years

5.6% CAGR in Lots over last 10 years

CONSIGNOR & BUYER BASE (Metrics are for industrial auctions only)

AUCTION REGISTRANTS & LOTS(Metrics are for industrial auctions only)

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Growing our market presence

Recruiting additional sales people, known as Territory Managers (TMs), to generate new customer relationships

• 296 TMs globally, as of September 30, 2014• Added more than 24 TMs since the January 1, 2014• Expect to grow sales force between 5-10% per year

Best growth prospects are in our existing major markets• Growing market share in the US is a key opportunity

– Still significantly less share than in Canada (RBA’s most mature market) – Small market share gains in the US could translate into meaningful GAP growth

Continue to pursue targeted geographic growth initiatives:• Proven growth method:

1. Generate leads in new markets 2. Station a Territory Manager3. Once business levels can support an auction site, we evaluate the opportunity

• Held our first auction in China in April 2013

• Held our first auction in Finland in September 2013

Inaugural auction in China

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Launch of EquipmentOne

Provides access to a larger share of the equipment market• Research showed half of equipment resale market prefers private sales• Buyers and sellers of private sales were not satisfied with existing online sales

platforms• Provided a unique opportunity to launch a trusted, equipment-focused web

platform to facilitate private treaty equipment sales• Our reputation, brand, expertise and data make us uniquely positioned to succeed

Certainty of saleGlobal market value

Control of priceControl of process

BENEFITS OF UNRESERVED AUCTION

BENEFITS OF EQUIPMENTONECommercially launched on April 8, 2013• During 2013, EquipmentOne contributed $88.6 million to GAP• Sales yield of 85% (% of listings that end in a transaction) during 2013• Unique visitors to the EquipmentOne website continues to grow

• Usage continues to grow each month

Expected to be immaterial to RBA results in 2014• Investments in the platform are still being made

EquipmentOne was designed to be complementary, not cannibalistic

Customers of EquipmentOne value having control over the process and price, more than the guarantee of sale. They prefer a negotiated price, over global market value.

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A complementary solution, leveraging our strong brand

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• Sellers have control over price and process

• No obligation to sell for less than the asking price

• Self-serve

• eCommerce marketplace with listings

• Online only

• Competes with other online marketplaces, but specializes in catering to equipment owners and their unique needs and preferences

• Provides access to equipment listings also posted on third party websites

• Sellers have certainty of sale & receive global market value for their equipment

• Full service, no hassles

• Provides buyers with ability to inspect, test and compare the equipment (physical site)

• Central marshalling of equipment means RBA takes care, custody and control of the equipment being sold (provides peace of mind to buyers)

• Best of both worlds (onsite & online)

EquipmentOne vs. Unreserved auction

ONLINE MARKETPLACE TRADITIONAL UNRESERVED AUCTIONS

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Secure, online marketplace where buyers & sellers negotiate, complete and settle their transactions

Quarterly update & financial performance

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New organizational structure

• Put in place regional business heads with a strong general management focus to drive sustainable, profitable growth of the core auction business

• Implement a more localized and decentralized structure to be more responsive and agile as a company, meet local customer needs, and foster an increased sense of urgency

• Become more externally focused, and tailor ‘go to market’ approaches based on customer needs and geographic differences

• Put in place a strong data-centric, customer focused leadership team to exploit new channels, models and services and increase market share

• Leverage vast customer and equipment data, and improve analytical rigor to develop powerful insights which will strengthen our customer value proposition

On November 4, Ravi Saligram, CEO, implemented a new organizational structure with the following objectives:

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New organizational structure (as of Nov. 4, 2014)

• Executive search are underway for the roles of President, U.S. & Latin America, Chief Human Resource Officer and corporate CFO

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Welcomed Jim Barr as Group President

• Most recently Executive Vice President and Chief Digital Officer at OfficeMax; led all aspects of the company's e-commerce business and for driving its multi-channel digital strategy.

• Successfully developed and executed strategies to drive profitable growth in several senior level e-commerce positions.

• Served as President of Sears Holdings' online division where he held full P&L accountability for multi-channel strategy and online sites such as sears.com and kmart.com, significantly growing these businesses.

• Held positions of increasing responsibility at Microsoft for 12 years, most recently serving as general manager, business-to-consumer e-commerce and marketplaces, where he had full business responsibility and led the global e-commerce strategy.

• A graduate of Miami University and received a Master of Business Administration degree from The University of Chicago Booth School of Business.

Jim Barr

On November 4, Ritchie Bros. announced Jim Barr had joined the Company as Group President, Emerging Businesses, Brand Innovation and Technology Services.

• Oversees EquipmentOne, Ritchie Bros. Financial Services, and the Company’s marketing and information technology departments.

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Q3 2014 highlights

Q3 FINANCIAL PERFORMANCE

Record Q3, first nine months and 12-months trailing Gross Auction Proceeds

• Q3 2014 GAP of $887 million• First nine months 2014 GAP of $ 2.971 billion• 12 months trailing, Sept. 30, 2014 GAP of $4.08 billion

Adjusted net earnings of $14.5 million; $0.13 EPS• Reported (GAAP) net earnings of $9.3 million; $0.09 EPS• Adjusting items include:

• $3.4 million gain ($2.9 million after tax) from the sale of land in Grande Prairie, AB• $8.1 million non-cash impairment charge related to the impairment of real-estate

assets in Narita, Japan

Strong Q3 contribution from Canadian operations• Largest ever September auction: Edmonton, AB (Sept. 10-12) sold more

than CA$83 million of assets for consignors

OTHER HIGHLIGHTS

October 2014 GAP (subsequent to Q3 2014)

• October 2014 GAP: $356 million

• $4.08 billion for 12 months trailing Oct. 31, 2014

Sales team growth• 296 Territory Managers (TMs) as of

Sept. 30, 2014

• Over 300 TMs as of end of October, for the first time ever

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$751

$799

$851

$1,1

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$673

$1,0

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$865

$1,1

95

$849

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00

$845

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$790

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$855

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$887

$3,950 $3,990$4,080

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Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Record gross auction proceeds

QUARTERLY GROSS AUCTION PROCEEDS ($US millions)

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2011 2012 2013 2014

Record 12-month trailing and third quarter GAP

2010

12-months trailing GAP

Quarterly GAP Quarterly GAP: Linear trend

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$80

$113

$101

$127

$92

$117

$102

$128

$106

$131

$99

$142

$102

13.4%11.5%

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Revenue growth

Revenue fluctuates considerably between quarters due to seasonality and the number of auctions held in each period.

Revenue Rate fluctuations are due primarily to the performance of the Company’s underwritten contracts.

QUARTERLY REVENUE & REVENUE RATE ($US millions)

ANNUAL REVENUE ($US millions) Revenue growth:

11.2% CAGR over last 10 years

5.6% CAGR over last 5 years

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2011 2012 2013

$162$182

$213$261

$315$355

$377 $357$396

$438$467

$100

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FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013

2014

Revenue Rate

Revenue

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$7 $27

$18

$33

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$22

$14

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$39

$15

05

10152025303540

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

Earnings growth

Earnings fluctuate considerably between quarters due to seasonality and the number of auctions held in each period.

QUARTERLY ADJUSTED NET EARNINGS¹ ($US millions)

ANNUAL ADJUSTED NET EARNINGS¹ ($US millions)Earnings growth:

9.3% CAGR over last 10 years

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2011 2012 2013

$37 $37

$50$56

$76

$85$92

$52

$74

$83$90

$30

$40

$50

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$80

$90

$100

FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013

2014

¹ Adjusted earnings is a non-GAAP measure. Excludes adjusting items including gains and write-downs on real-estate assets, restructuring charges, and other expenses not considered normal course expenses for the company.

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Generating shareholder valueQUARTERLY ADJUSTED DILUTED EPS¹ ($US)

Committed to building long-term shareholder value.

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² Adjusted earnings is a non-GAAP measure. Excludes adjusting items including gains and write-downs on real-estate assets, restructuring charges, and other expenses not considered normal course expenses for the company.

2011 2012 2013 2014

DIVIDENDS PAID PER SHARE² ($US)

² Adjusted for share splits. RBA share splits occurred in 2008 (3-for-1) and 2004 (2-for-1).

$0.12

$0.19

$0.26$0.30

$0.34$0.38

$0.41$0.44

$0.47$0.51

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013

Quarterly cash dividend of $0.14On August 5, the Company increased its quarterly cash dividend by 7.7% to $0.14 per share

$0.0

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$0.40

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

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Financial objectives

2014 GUIDANCE (Updated November 4, 2014)

• Gross auction proceeds in the range of $4.1 billion• Revenue rate in the range of 11.0 – 12.0%• 2014 adjusted earnings before tax growth in “mid-single digits” over 2013 (excludes expected restructuring charges in Q4/14)

• 2014 Capex of $40 – 45 million

On-site bidding process Relationship-based business model

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Focused on generating long-term shareholder value through continued earnings and dividend growth.

Dominant global player• Global leader in industrial auctions• Substantial growth opportunity• Focused on capturing increased market share in the US and Canada• Diligently expanding into new markets

Diversifying services to reach a broader customer base• EquipmentOne commercially launched on April 8, 2013

Focused on basics of: • EPS growth • ROIC• EBITDA margin

Summary

Moerdijk, Netherlands auction

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Learn more about Ritchie Bros. auctions through our online videos:

www.youtube.com/ritchiebros

Appendices• CEO profile – Ravi Saligram• Our mission, strategy and values• Why customers choose Ritchie Bros.• Auction sites

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CEO profile: Ravi Saligram

In July 2014, Ritchie Bros. welcomed Ravi Saligram as CEO.

Ravi is a proven leader and an experienced chief executive within the business services sector.

• He has a proven track record of driving revenue and profit growth at customer-service focused organizations

• Most recently Ravi was CEO of OfficeMax, which merged with Office Depot in November 2013

• Prior to OfficeMax, he held executive leadership positions at Intercontinental Hotels Group, ARAMARK, and SG Johnson Wax

Ravi is a truly global leader• He has held leadership roles based in the United States, South Korea, Hong

Kong and the UK• His ability to implement global process standards within distinct markets

provided his past companies with increased efficiencies and enhanced levels of customer service

Ravi Saligram

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Our mission, strategy & values

Grow:Grow our core auction business

Add:Add new business and information solutions

Perform:Perform by building an inspired, high-performing and customer focused team

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Why customers choose Ritchie Bros.

• Greater global reach = more buyers= fair market value

• Unreserved auctions = certainty of sale

• Bidder diversity• Geographic• End market• End user buyers onsite and online

• Global platform allows commercial customers to sell product into other markets

• Convenient, certain and rewarding

• Best selection of equipment

• Unreserved process is fair and transparent

• Certainty of title/ownership

• Bid onsite, online, or by proxy

• Inspect, test, compare through at auction yard

• Equipment is secure in RBA auction yards

• Ability to take immediate possession of purchased machinery

WHY SELL THROUGH A RITCHIE BROS. UNRESERVED AUCTION?

WHY BUY AT A RITCHIE BROS. UNRESERVED AUCTION?

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Auction sites

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Investor Questions: ir@rbauction.com | 1-778-331-5500