Investor Presentaiton

M&A strategy: Disciplined and opportunistic Strategic Proactively supports growth in attractive markets Difficult to replicate organically Financial • Invest capital at attractive returns over cycle • • Revenue growth Margin opportunities Cultural Safety Talent Ethics and integrity • Access to new customers • Manage leverage . • Enhance cross-selling Internal Rate of Return • Best practice adoption • ROIC . Geographic coverage • Volatility · Diversification . Management philosophy • Customer focus Community Proven integration capabilities are a key advantage in realizing greater value from M&A United Rentals® United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved. 28

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