2023 Investor Day Presentation

Valuation: URI vs. S&P 500 Industrials FY13-FY22 AVG NTM Enterprise Value/ EBITDA FY22 AVG FY13-FY22 AVG NTM Price/ Earnings (1) FY22 AVG 1st Quartile 1st Quartile 2nd 2nd Quartile Quartile 11.4x 12.3x 21.8x 20.0x 3rd 3rd Quartile Quartile 4th 5.4x Quartile 5.7x 15.3x United 4th Quartile 13.8x Fantal's S URI S&P 500 Industrials Median Bottom Bottom Quartile Quartile Bottom Quartile Bottom Quartile (1) NTM EV/EBITDA calculated as enterprise value divided by next-twelve-month EBITDA. NTM Price/Earnings calculated as share price divided by next-twelve-months diluted earnings per share. Data provided for URI and S&P 500 Industrials sector based on information sourced from NASDAQ and Bloomberg. Percentiles based on same data sets. United Rentals® Work United® 2023 Investor Day | 83

View entire presentation