Work United™ - M&A Strategy Review

Transaction consistent with disciplined M&A strategy Strategic & Cultural ✓ Supports growth and creates capacity in attractive markets ✓ Large fleet in high-demand categories ✓ Access to new customers ✓ Opportunity for cross-selling of Specialty ✓ Best practice adoption ✓ Talent across the organization, including key field roles such as managers, technicians, drivers, and sales reps Financial ✓ Invest capital at attractive returns over the cycle Growth • Returns ⚫ FCF Leverage Meaningful cost synergies. ✓ Attractive cross-selling opportunities ✓ Scenario analysis validates attractive returns across multiple potential macro scenarios Added Capacity will Benefit Customers and Provide Attractive Returns for Shareholders United Rentals® WORK UNITED™ 4

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