M&A Strategy and Financial Overview
Growth: Strategy supports meaningful
outperformance of industry
Growth Drivers
300%
250%
--Indexed Growth: URI Rental
Revenue (11.2% CAGR)
-Indexed Growth: NAM Industry
ex-URI (3.8% CAGR)
200%
150%
100%
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
URI Has Grown ~3x the Industry Rate Over the Last Decade
Sources: Company data, American Rental Association.
Note: Reflects indexed growth for the North American industry ex-URI North America rental revenue based on ARA data vs. URI North America rental revenue.
United Rentals®
Work United®
Smart M&A
✓ Secular shift towards rental over
ownership
✓ Increased cross-selling to capture wallet
share and maximize cyclical growth
Evolution of sales strategies and asset
base to better serve customers
✓ Differentiation through new technologies
and accelerated innovation
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