Ashtead Group Results Presentation Deck
HIGHLIGHTS
▪ Record first half performance demonstrating the strength in our model and ongoing momentum across the business
▪ North American rental revenue 19% ahead of last year and 13% ahead of 2019 pre-pandemic levels (Q2: +16%)
Good progress across all Sunbelt 3.0 actionable components
58 locations added in North America, of which 43 were greenfields and 15 were acquisitions
$428m invested in 10 bolt-on acquisitions in the half year with a further $320m spent in Q3
$1.2bn invested in capital expenditure
$209m (£151m) allocated to share buybacks in the half year
Leverage¹ at 1.5 times net debt to EBITDA is at the lower end of our target range of 1.5 to 2.0 times
▪ Interim dividend increased 28% to 12.5€ per share
▪ We now expect full-year results ahead of our previous expectations
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Half year results | 31 October 2021
1 Excluding the impact of IFRS 16
Ashtead
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