United Rentals Financial Performance and Market Exposure
A decade of continued financial improvement
Total Revenue
Adjusted EBITDA (1)
Adjusted EPS (1)
$9,000M
$4,500M
$8,000M
$4,000M
CAGR
$7,000M
9.4%
$3,500M
$6,000M
$3,000M
CAGR
13.7%
$5,000M
$2,500M
$4,000M
$2,000M
$3,000M
$1,500M
$2,000M
$1,000M
$1,000M
$0
$500M
$0
2008
2013
2018
2008
Strong revenue growth
Trailing 5-year CAGR: +10.2%
Trailing 10-year CAGR: +9.4%
Improved diversification
•
Increased industrial exposure
•
Increased non-cyclical specialty exposure
Notes:
$18
$16
$14
CAGR
$12
18.6%
$10
$8
$6
$4
$2
$0
2013
2018
2008
(2)
2013
2018
Powerful EBITDA growth
Trailing 5-year CAGR: +11.0%
Trailing 10-year CAGR: +13.7%
Sharply higher margins
Adj. EBITDA margins almost +200 bps vs. 2013
Adj. EBITDA margins up over 1,500 bps vs. 2008
Meaningful EPS growth
Trailing 5-year CAGR: +27.1% vs. +7.2% for the
S&P 500 over the same period
Trailing 10-year CAGR: +18.6% vs. +11.6% for the
S&P 500 over the same period
Tax reform to materially benefit future EPS
Ongoing transformation of the company's performance
(1) Adjusted EBITDA and Adjusted EPS are non-GAAP measures. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures.
(2) 2018 reflects a reduction in the U.S. federal corporate statutory rate from 35% to 21% as a result of the Tax Cuts and Jobs Act (the "Tax Act") enacted in December 2017, which contributed $2.92 of adjusted EPS in 2018.
United Rentals
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United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. © 2018 United Rentals, Inc. All rights reserved.
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