Ashtead Group Results Presentation Deck

DEBT AND COVENANTS 34 Debt Ratings Availability Fixed charge coverage covenant Nine month results | 31 January 2023 Facility $4.5bn first lien revolver $550m senior notes $600m senior notes $600m senior notes $600m senior notes $750m senior notes $750m senior notes $750m senior notes Corporate family Second lien H E ■ Interest rate SOFR/ SONIA + 125-150 bps 1.500% 4.375% 4.000% 4.250% 2.450% 5.500% 5.550% S&P BBB- BBB- Maturity August 2026 August 2026 August 2027 May 2028 November 2029 August 2031 August 2032 May 2033 Moody's Baa3 Baa3 Fitch BBB BBB Covenants are not measured if availability is greater than $450 million EBITDA less net cash capex to interest paid, tax paid, dividends paid and debt amortisation must equal or exceed 1.0x Greater than 1.0x at January 2023 Ashtead group

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