Investor Presentaiton

Time utilization and rental rates Time Utilization - As Reported Time Utilization – Pro Forma* 2018 2019 2018 2019 First Quarter 65.2% 63.4% First Quarter 64.9% 63.4% Second Quarter 69.2% 66.5% Second Quarter 68.7% 66.5% Third Quarter 70.9% Third Quarter 70.8% Fourth Quarter 68.8% Fourth Quarter 69.0% Year-over-Year Rates – As Reported Year-over-Year Rates Pro Forma* 2018 2019 2018 2019 First Quarter +1.9% +2.2% First Quarter +2.7% +2.4% Second Quarter +2.8% +1.8% Second Quarter +2.9% +1.9% Third Quarter +2.1% Third Quarter +2.3% Fourth Quarter +2.2% Fourth Quarter +2.4% Pricing remains healthy with time utilization largely reflective of acquisition impact *Pro forma reflects the combination of United Rentals, NES, Neff, Baker and BlueLine for all periods presented. United Rentals® United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved. 37

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