Ashtead Group Results Presentation Deck

DISCIPLINED INDUSTRY SUPPLY MANAGEMENT Industry fleet 9% larger year-over-year 15 Mar Apr May Jun Industry time utilisation -4% year-over-year in early March Mar Source: Rouse Analytics (February 2021) Apr May Industry fleet (OEC) Jul Jun Aug 2020/21 Industry time utilisation -17% year- over-year at trough Jul Aug -2020/21 Sep Source: Rouse Analytics (February 2021) Nine month results 31 January 2021 Oct Industry time utilisation Sep Industry fleet 5% smaller year-over-year 2019/20 Nov Oct 2019/20 Dec Nov Jan Industry time utilisation approaching prior year levels Dec Jan Feb Feb ▪ Clear indication of industry discipline managing supply ■ Ashtead group Contributing to ongoing resilience in rental rates industry-wide ■ Second hand values remain healthy; with recent sales showing positive momentum ▪ Indicates improved starting point for 2021

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