2023 Investor Day Presentation
Returns: Higher Profitability and Focus
on Capital Efficiency Supports ROIC
14%
12%
10%
8%
7.6%
6%
4%
2%
510 bps
improvement
12.7%
0%
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Pa
Key Return Drivers
Increased Profitability
Positive Fleet Productivity
Aggressive Fleet Management
Smart Capital Allocation
Record Return on Invested Capital in 2022
Sources: Company data. ROIC metric uses after-tax operating income for the trailing 12 months divided by average stockholders' equity, debt, and deferred taxes, net of average cash. To mitigate the volatility related to fluctuations in the
company's tax rate from period to period, the U.S. federal corporate statutory tax rate of 21% was used to calculate after-tax operating income for 2018-2022 and 35% for 2013-2017
United Rentals®
Work United®
2023 Investor Day | 77View entire presentation