Capital Allocation and Digital Strategy Update slide image

Capital Allocation and Digital Strategy Update

Financial strength: Ensuring flexibility & optionality $M $6,000 No Long-term Note Maturities Until 2027 $5,500 $5,000 $4,000 $3,000 $2,000 $1,000 $1,400 $1,300 Used A/R $948 Facility $0 $100 Repurchase Facility Term Loan B 2023 2024 2025 2026 Total Liquidity of $3.330B (1) $2,967 Unused ABL Facility Fixed vs. Floating Ratio: 69%/31% $1,283 Used ABL Facility (2) $1,673 $1,500 $1,500 $1,100 $750 4.00% SUN $750 3.875% SSN $750 4.875% SUN (3) 6.00% SSN $500 5.5% SUN $750 5.25% SUN 3.875% SUN 3.750% SUN 2027 2028 2029 2030 2031 2032 SUN: Senior Unsecured Notes SSN: Senior Secured Notes Aggressive Management of Long-term Maturity Towers Note: As of December 31, 2023. Excludes finance leases. SSN = Senior Secured Notes. SUN = Senior Unsecured Notes. (1) Includes total cash, cash equivalents and availability under ABL and A/R facilities as of December 31, 2023. (2) Includes $14M in Letters of Credit. (3) Comprised of two separate 4.875% notes, a note with $1.669B principal amount and a note with $4M principal amount. United Rentals® Work United® | 34
View entire presentation