Executing for Growth and Returns

Industrial Outlook - U.S. U.S. Industrial Spending Forecasted to Grow 2.9% in 2017 2016 to 2017 Change 8.4% -12.9% -49.5% -0.6% New runswick -17.5% Industrial Spend Forecast -13.6% 4.1% -32.0% -14.2% 0.6% 6.2% -0.6% 21.0% -10.1% -1.1% -3.9% $308B $311B $299B $297B $292B 12.7% 25.1% New Hampshire -15.6% Massachusetts 18.3% United States 32.3% 28.6% -8.1% 10.2% 10.8% Rhode Island -35.7% 49.7% 15,2% 6.2% New Jersey Delaware -7.5% 14.2% Maryland 27.0% -13.2% 3.7% 2.8% Baja California Sonora Chihuahua Coahuila Baja California 2.0% -3.9% Nuevo Leon, -10.7% -1.9% 2.7% -22.9% 4.9% 20.0% 11.5% 2016 2017 F 2018 F 2019 F 2020 F Sur Sinaloa Durango O&G Pipelines, O&G Production, Metals, Minerals and Pharma Expected to Drive Industrial Growth in 2017 United Rentals Source: Industrial Information Resources (July 2017) Note: Based on total project spending Executing for Growth and Returns 12

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