Ashtead Group Results Presentation Deck

DEBT AND COVENANTS Debt 29 Ratings Availability Fixed charge coverage covenant Facility $4.5bn first lien revolver $550m senior notes¹ $600m senior notes $600m senior notes $600m senior notes $750m senior notes¹ First quarter results | 31 July 2021 Corporate family Second lien ■ Interest rate ■ LIBOR + 125-150 bps 1.500% 4.375% 4.000% 4.250% 2.450% S&P BBB- BBB- Covenants are not measured if availability is greater than $450 million Maturity August 2026 August 2026 August 2027 May 2028 November 2029 August 2031 Moody's Baa3 EBITDA less net cash capex to interest paid, tax paid, dividends paid and debt amortisation must equal or exceed 1.0x Greater than 1.0x at July 2021 1 Issued in August 2021 with proceeds used to redeem $600m senior notes due 2025 and $600m senior notes due 2026 Baa3 Fitch BBB- BBB- Ashtead group

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