Investor Presentaiton

A decade of continued financial improvement... Total Revenue Adjusted EBITDA(1) Adjusted EPS(1) $9,000M $4,500M $18 $8,000M $4,000M $16 CAGR $7,000M 9.4% $3,500M CAGR $14 $6,000M $3,000M 13.7% $12 CAGR 18.6% $5,000M $2,500M $10 $4,000M $2,000M $8 $3,000M $1,500M $6 $2,000M $1,000M $4 $1,000M $0 $500M $0 $2 $0 2008 2013 2018 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 (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 financial performance Notes: (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® United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved. 10

View entire presentation