United Rentals M&A and 4Q Results Presentation
Assumed YoY Impact of
OEC Inflation on Rent Rev
1Q 2017
3.9%
(1.5%)
2Q 2017 (3)
14.3%
(1.5%)
Fleet productivity: historical results (1)
Actual YoY Change in
Average OEC
As Reported Historical Results
Fleet
Productivity (2)
1.4%
*
0.7% (NES)
Contribution from
Ancillary and Re-Rent
Reported YoY Change
in Rental Revenue
0.6%
4.4%
0.1%
13.5%
3Q 2017
15.7%
(1.5%)
1.7%
0.3%
16.2%
4Q 2017 (3)
27.5%
(1.5%)
0.5%
* (Neff)
0.3%
26.8%
1Q 2018
27.7%
(1.5%)
(0.8%)
(0.3%)
25.1%
2Q 2018
16.2%
(1.5%)
4.5%
0.1%
19.3%
3Q 2018 (3)
19.5%
(1.5%)
2.3%
*
(BakerCorp)
0.8%
21.2%
*
4Q 2018 (3)
18.8%
(1.5%)
1.5%
(BlueLine)
2.0%
20.8%
1Q 2019
23.7%
(1.5%)
(1.3%)
2.1%
23.0%
2Q 2019
23.2%
(1.5%)
(3.1%)
1.6%
20.2%
3Q 2019
18.1%
(1.5%)
(1.3%)
0.1%
15.4%
4Q 2019
7.6%
(1.5%)
(2.4%)
0.0%
3.7%
1Q 2020
2.2%
(1.5%)
(1.2%)
(0.2%)
(0.7%)
2Q 2020
(0.7%)
(1.5%)
(13.6%)(4)
(0.4%)
(16.2%)
3Q 2020
(4.6%)
(1.5%)
(8.0%) (4)
0.8%
(13.3%)
4Q 2020
(5.6%)
(1.5%)
(3.8%)(4)
0.8%
(10.1%)
(1)
Provided on an As Reported basis.
(3)
(2)
Fleet Productivity reflects the combined impact of changes in rental rates, time utilization, and mix that contribute to Owned
Equipment Rental revenue (OER).
(4)
Denotes quarter in which URI closed a material acquisition (NES = 2Q17; Neff = 4Q17; BakerCorp = 3Q18; BlueLine = 4Q18).
The negative fleet productivity above includes the impact of COVID-19.
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