Ashtead Group Investor Day

Ashtead The Key Remains The Cash & The Opportunity For Further EPS Enhancement group (£m) Based on three year organic growth Group EBITDA margin Group EBITA margin Three year capital expenditure spend Amount available for M&A and share buybacks ¹Assuming EBITDA to net debt ratio of 2.0 times Forecast Assumption 7-10% 47-48% 29-30% c. £3bn c. £3.5bn¹ 45

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