2023 Investor Day Presentation

Reiterating 2023 Outlook CASE United Rentals® DEERE 318G Total Revenue YoY% Growth Adjusted EBITDA(1) Adjusted EBITDA Margin (1) Net Rental Capital Expenditures Net Cash Provided by Operating Activities Free Cash Flow(1,2) FCF Margin (% of Revenue) $13.7B-$14.2B ~20% at mid-point $6.6B-$6.85B ~48% at mid-point $2.0B-$2.25B, after gross purchases of $3.3B-$3.55B $4.4B-$4.8B $2.1B-$2.35B ~16% at mid-point 2023 On Track for Another Year of Strong Results Across Growth, Profitability, Free Cash Flow, and Returns (1) Adjusted EBITDA and Free Cash Flow are non-GAAP measures. Adjusted EBITDA margin represents adjusted EBITDA divided by total revenue. See the table provided elsewhere in this presentation for a reconciliation of forecasted Free Cash Flow to the most comparable GAAP measure. Information reconciling forecasted adjusted EBITDA to the most comparable GAAP financial measures is unavailable to the company without unreasonable effort, as discussed in the "Safe Harbor" slide. 2) Excludes aggregate merger and restructuring related payments. FCF outlook assumptions include 2023 cash taxes of $565M and cash interest of $600M. Work United® 2023 Investor Day | 89

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