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EXTRACT MAXIMUM VALUE
from the sale of your surplus mining equipment
Introduction to Ritchie Bros.
Scale, experience, and solutions to get you
the returns you need
2
Introduction to Ritchie Bros.
• Global leader in asset management & disposition
• Size and expertise to handle complex projects
& deliver buyers and returns you need
• 55+ years of experience (est. 1958)
• Operations in 19 countries, customers worldwide
• 40+ permanent facilities worldwide
• Publicly listed: NYSE / TSX
3
Introduction to Ritchie Bros.
4
Around the world in 2015
• US$4.25 billion of heavy equipment & trucks sold
– US$1.9 billion sold online
• 47,600+ consignors
• 507,500+ bidder registrations
Ritchie Bros. solutions
5
VALUE ADDED SERVICES
Financing | Shipping | Logistics | Refurbishing | Insurance | Warranties
Ritchie Bros. solutions
Ritchie Bros. Private Treaty
• Confidential negotiated sales for high value and
specialized equipment
• Sellers set prices and completion timeline
• Ritchie Bros. identifies and targets the most
qualified buyers
– In our proprietary global customer base
– Through targeted marketing campaigns
• We negotiate and complete sale on your behalf
6
Ritchie Bros. solutions
Ritchie Bros. Auctioneers
• Live unreserved public auctions at 44 permanent
auction sites & temporary locations
• Average industrial auction (2015):
– US$16.8 million sold
– 2,200 bidders, on-site and online
• Global buyer participation: global market value
• Certainty of sale
• Commercially reasonable
• Secure sites for pre-sale storage & buyer inspections
7
Ritchie Bros. solutions
Ritchie Bros. EquipmentOne
• Secure online public equipment auctions
• Sellers set price expectations and control timing
• Open, transparent online bidding
• Secure escrow process
• No transportation required — assets sell from their
current location
8
Ritchie Bros. solutions
SalvageSale
• SalvageSale.com
• Online sealed-bid auctions for salvage assets
• Sellers set price expectations
• Competitive online bidding
• All sales and bid amounts kept totally confidential
• Assets co-listed on EquipmentOne.com
9
Ritchie Bros. total asset disposition
10
Live Auction & E1
• Timeline: 2 to 3 months
• Active turnover of assets
• Strong industry crossover
• E.g. dozers, wheel loaders,
graders, haul trucks
E1 & Private Treaty
• Timeline: Over 3 months
• Large, single-industry specific
assets
• E.g. shovels, draglines, large
haul trucks
Top 5 reasons to sell
11
Why mining companies sell with Ritchie Bros.
Why mining companies sell with Ritchie Bros.
#5 Multiple solutions for different needs
• Tailored program to meet your selling objectives
• One agreement for entire asset disposition process
• Solutions for speed, certainty, ease, convenience
– Use one or more to meet your sales objectives
• Makes equipment disposal fast, easy, and efficient
12
Why mining companies sell with Ritchie Bros.
#4 Access to a massive audience of global buyers
• Industry-leading global marketing
– Print, digital, direct, events, telemarketing
• Database of 500,000+ customers
• rbauction.com: 30,000 - 50,000 unique visitors/day
• 250+ salespeople with global contacts
13
Why mining companies sell with Ritchie Bros.
#3 A hassle-free sales process
• Dedicated account manager for updates & reporting
• End-to-end, full-service solution
• Relief of all efforts:
– Marketing
– Operations & logistics
– Negotiations/sale
– Post-sale settlements & reporting
• Minimizes your effort, expense, and risk
14
Why mining companies sell with Ritchie Bros.
#2 Confidence
• 55+ years of industry experience
• Thousands of satisfied sellers each year
• 1,400+ employees working for you: sales, marketing,
internet services, customer service, accounting
• Stable public company with solid balance sheet
• A partner for the long term
15
Why mining companies sell with Ritchie Bros.
#1 Proven results
16
17
Sept-Iles, QC — Oct 20, 2011
Major dispersal for: Construction Polaris & Pennecon Heavy Civil, Ltd.
Challenge
• 200+ items located in remote area
of northern Quebec
Solution
• Unreserved auction in Sept-Iles
Outcome
• CA$15+ million in proceeds
• 440 registered bidders
• Buyers from Australia, Chile, Saudi
Arabia, United Arab Emirates
17
Proven results: case studies
18
Tuscaloosa, AL — Aug 20, 2014
Major dispersal for: Southland Resources, Inc.
18
Proven results: case studies
Challenge
• 200+ large items located at
Southland Resources’ site
Solution
• Unreserved auction at Brookland
mine site near Tuscaloosa, AL
Outcome
• US$15.5+ million in proceeds
• 900+ bidders from 39 countries
• Buyers from U.S., Canada, Hong
Kong, Mexico, Jordan & Columbia
19
Raleigh-Durham, NC — Sep 26-27, 2012
Major dispersal for: Trinity Coal Corp./Essar Minerals
19
Proven results: case studies
Challenge
• 300+ items (incl. 61 Caterpillar D11s)
located at mine sites in KY & WV
Solution
• Unreserved auction at Ritchie Bros.’
Raleigh-Durham site; simulcast at
our Las Vegas site during MINEXPO
Outcome
• US$76+ million in proceeds
• 2,100+ registered bidders
• US$31+ million sold online
Thank you

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Barrick_2016_PPT

  • 1. EXTRACT MAXIMUM VALUE from the sale of your surplus mining equipment
  • 2. Introduction to Ritchie Bros. Scale, experience, and solutions to get you the returns you need 2
  • 3. Introduction to Ritchie Bros. • Global leader in asset management & disposition • Size and expertise to handle complex projects & deliver buyers and returns you need • 55+ years of experience (est. 1958) • Operations in 19 countries, customers worldwide • 40+ permanent facilities worldwide • Publicly listed: NYSE / TSX 3
  • 4. Introduction to Ritchie Bros. 4 Around the world in 2015 • US$4.25 billion of heavy equipment & trucks sold – US$1.9 billion sold online • 47,600+ consignors • 507,500+ bidder registrations
  • 5. Ritchie Bros. solutions 5 VALUE ADDED SERVICES Financing | Shipping | Logistics | Refurbishing | Insurance | Warranties
  • 6. Ritchie Bros. solutions Ritchie Bros. Private Treaty • Confidential negotiated sales for high value and specialized equipment • Sellers set prices and completion timeline • Ritchie Bros. identifies and targets the most qualified buyers – In our proprietary global customer base – Through targeted marketing campaigns • We negotiate and complete sale on your behalf 6
  • 7. Ritchie Bros. solutions Ritchie Bros. Auctioneers • Live unreserved public auctions at 44 permanent auction sites & temporary locations • Average industrial auction (2015): – US$16.8 million sold – 2,200 bidders, on-site and online • Global buyer participation: global market value • Certainty of sale • Commercially reasonable • Secure sites for pre-sale storage & buyer inspections 7
  • 8. Ritchie Bros. solutions Ritchie Bros. EquipmentOne • Secure online public equipment auctions • Sellers set price expectations and control timing • Open, transparent online bidding • Secure escrow process • No transportation required — assets sell from their current location 8
  • 9. Ritchie Bros. solutions SalvageSale • SalvageSale.com • Online sealed-bid auctions for salvage assets • Sellers set price expectations • Competitive online bidding • All sales and bid amounts kept totally confidential • Assets co-listed on EquipmentOne.com 9
  • 10. Ritchie Bros. total asset disposition 10 Live Auction & E1 • Timeline: 2 to 3 months • Active turnover of assets • Strong industry crossover • E.g. dozers, wheel loaders, graders, haul trucks E1 & Private Treaty • Timeline: Over 3 months • Large, single-industry specific assets • E.g. shovels, draglines, large haul trucks
  • 11. Top 5 reasons to sell 11 Why mining companies sell with Ritchie Bros.
  • 12. Why mining companies sell with Ritchie Bros. #5 Multiple solutions for different needs • Tailored program to meet your selling objectives • One agreement for entire asset disposition process • Solutions for speed, certainty, ease, convenience – Use one or more to meet your sales objectives • Makes equipment disposal fast, easy, and efficient 12
  • 13. Why mining companies sell with Ritchie Bros. #4 Access to a massive audience of global buyers • Industry-leading global marketing – Print, digital, direct, events, telemarketing • Database of 500,000+ customers • rbauction.com: 30,000 - 50,000 unique visitors/day • 250+ salespeople with global contacts 13
  • 14. Why mining companies sell with Ritchie Bros. #3 A hassle-free sales process • Dedicated account manager for updates & reporting • End-to-end, full-service solution • Relief of all efforts: – Marketing – Operations & logistics – Negotiations/sale – Post-sale settlements & reporting • Minimizes your effort, expense, and risk 14
  • 15. Why mining companies sell with Ritchie Bros. #2 Confidence • 55+ years of industry experience • Thousands of satisfied sellers each year • 1,400+ employees working for you: sales, marketing, internet services, customer service, accounting • Stable public company with solid balance sheet • A partner for the long term 15
  • 16. Why mining companies sell with Ritchie Bros. #1 Proven results 16
  • 17. 17 Sept-Iles, QC — Oct 20, 2011 Major dispersal for: Construction Polaris & Pennecon Heavy Civil, Ltd. Challenge • 200+ items located in remote area of northern Quebec Solution • Unreserved auction in Sept-Iles Outcome • CA$15+ million in proceeds • 440 registered bidders • Buyers from Australia, Chile, Saudi Arabia, United Arab Emirates 17 Proven results: case studies
  • 18. 18 Tuscaloosa, AL — Aug 20, 2014 Major dispersal for: Southland Resources, Inc. 18 Proven results: case studies Challenge • 200+ large items located at Southland Resources’ site Solution • Unreserved auction at Brookland mine site near Tuscaloosa, AL Outcome • US$15.5+ million in proceeds • 900+ bidders from 39 countries • Buyers from U.S., Canada, Hong Kong, Mexico, Jordan & Columbia
  • 19. 19 Raleigh-Durham, NC — Sep 26-27, 2012 Major dispersal for: Trinity Coal Corp./Essar Minerals 19 Proven results: case studies Challenge • 300+ items (incl. 61 Caterpillar D11s) located at mine sites in KY & WV Solution • Unreserved auction at Ritchie Bros.’ Raleigh-Durham site; simulcast at our Las Vegas site during MINEXPO Outcome • US$76+ million in proceeds • 2,100+ registered bidders • US$31+ million sold online

Editor's Notes

  1. SECTION INTRO PAGE
  2. After completion of Hydro Quebec’s La Romaine hydroelectric plant, Ritchie Bros. Auctioneers sold over 200 late-model heavy construction equipment items located in a remote area of northern Quebec. All assets were sold via Virtual Ramp, with over CA$8.5 million of the equipment purchased by online bidders. Assets were sold to buyers from Australia, Chile, Saudi Arabia & United Arab Emirates.
  3. Hosted at the Southland Resource’s Brookland mine site north east of Tuscaloosa, Ritchie Bros. sold 200+ items of mining & earthmoving equipment as part of a major dispersal. Bidders participated from 39 countries & purchased $6.9 million online. Highlights included a 2012 Komatsu PC2000 which sold for US$1,575,000 to a buyer from Singapore & a 2011 Caterpillar 777F that sold for US$680,000 to a buyer from Illinois. Other items were sold to international buyers from Hong Kong, Canada, Mexico, Jordan & Columbia.
  4. At the Grand Opening sale of our new auction site in Raleigh-Durham, NC, Trinity Coal Corp. sold 300+ items of mining & earthmoving equipment as part of a major divestment in non-strategic assets from coal mining operations in Kentucky & West Virginia. This consignment included 61 Caterpillar D11s – the largest fleet ever sold. The auction was simulcast at the auction site in Las Vegas during MINEXPO & more that US$31 million of equipment was sold to online bidders.