Executing for Growth and Returns
Updated 2017 Outlook
Total Revenue
Adjusted EBITDA(1)
Net Rental Capital Expenditures
Net Cash Provided by Operating
Activities
Free Cash Flow(1)(2)
■ $6.25B to $6.40B
■ $2.950B to $3.025B
■ $1.05B to $1.15B, after gross
purchases of $1.55B to $1.65B
■ $1.975B to $2.175B
■ $825M to $925M
(1) Adjusted EBITDA and Free Cash Flow are non-GAAP measures. 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 "Introductory Information" slide.
(2) Excluding the impact of merger and restructuring related costs.
United Rentals®
Executing for Growth and Returns│
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