This glossary is designed to help clarify terms used in ATG’s investment literature.
It explains some of the most common financial terms, as well as terms specific to ATG and the auction industry. Emphasis has been placed on clarity and brevity rather than attempting to cover every single complex detail.
We hope you find the guide useful and simple to digest. We have made every effort to ensure that the terms are accurately described, however, the descriptions are not definitive and they may differ from other interpretations used.
Arts and Antiques
Auction Mobility LLC
Web sessions on the Group's Marketplace online within a given timeframe
The Group’s marketplace operated via the www.bidspotter.co.uk domain
The Group’s marketplace operated via the www.bidspotter.com domain
Christie's, Sotheby's, Phillips and Bonhams auction houses
Compound annual growth rate
A person or entity that appoints an auction house to act as agent on its behalf for the sale of specific assets
The proportion of bidders on the Group’s Marketplaces or Platform who make successful bids
"Core I&C Segments"
Manufacturing, construction and agricultural equipment, which are the Group’s three core segments in the I&C vertical
Consumer Surplus and Retail Returns
Customer relationship management
Austria, Germany and Switzerland
Earnings before interest, taxes, deprecation and amortisation
"GAP" or "Platform"
The Group’s global auction platform
Gross merchandise value, representing the total final sale value of all lots sold via winning bids placed on the Marketplaces or the Platform excluding additional fees (such as online fee and auctioneer's commissions)
Industrial and Commercial
The Group’s marketplace operated via the www.i-bidder.com domain
Similar to the traditional auction format, whereby lots are run consecutively from the first to the last lot, with no fixed time for specific items
"Live online-only auctions"
Live auctions which are held entirely online (with no in-room or telephone bidders)
The Group’s marketplace operated via the www.lot-tissimo.com domain
The online auction marketplaces operated by the Group
A&A auction houses with realised lot values between £100 and £25,000
"Net revenue retention"
Revenue in a financial period generated by the pool of auctioneers from whom revenue was generated in the prior financial period, expressed as a percentage of the revenue generated by the prior year auctioneers in the prior financial period
THV from timed or live online-only auctions hosted exclusively on the Marketplaces or Platform
GMV as a percentage of THV
The Group's Marketplace operated via the www.proxibid.com domain
Bidder accounts registered on the Marketplaces or Platform
Software as a service
Search engine optimisation
Total addressable market, being the total market demand for products in a sector
The Group's Marketplace revenue as a percentage of its GMV. Marketplace revenue is Group revenue excluding Content revenue
The Group's Marketplace operated via the www.the-saleroom.com domain
Total hammer value, representing the total final sale value of lots listed on the Marketplaces or the Platform, excluding additional fees (such as online fee an auctioneer's commissions)
Auctions which are held entirely online (with no in-room or telephone bidders) and where lots are only made available to online bidders for a specific, pre-determined timeframe
"Unique active bidders"
Registered accounts that placed bids during the year, whether or not such bids were winning bids