Q4 2023 Earnings Report

Q4 2023 Results DEERE 3106 Total Revenue Net Income Adjusted EBITDA** $3.728 billion (+13.1% Y/Y as reported; 7.5% on a pro forma basis*). $679 million (18.2% margin; -120 bps Y/Y as reported; -40 bps on a pro forma basis*) $1.809 billion (48.5% margin; -150 bps Y/Y as reported; -90 bps on a pro forma basis*) * Pro forma includes the standalone, pre-acquisition results of Ahern. See the tables provided elsewhere in this presentation for reconciliations of pro forma margins to the most comparable GAAP measures. Adjusted EBITDA is a non-GAAP measure. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures. United Rentals® Work United® | 40

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