Driving Digital Transformation and Shareholder Value
COVID-19 Update: URI Strategy & Developments
Work stream
Ensuring employee safety & wellbeing
Leveraging competitive advantages to support customers
Disciplined capital management
Reducing core operating expenses
Balance sheet management & liquidity
Specific Actions
Implementing COVID-19 safety measures including social distancing
- Ensuring sufficient and adequate personal protection equipment (PPE)
- Increased cleaning and disinfecting of facilities and equipment
All U.S. and Canadian branches remain open; 7 of 11 open in Europe
- Modifications to policies and protocols to ensure customer safety
- Leveraging digital technologies to manage all aspects of rental transaction
- Leveraging flexibility with suppliers to reduce inflow of equipment
- Fleet team focused on optimizing supply in face of demand uncertainty
- 2020 fleet capex will be significantly lower than 2019
- Focus on aggressive management of cash operating costs
- Significant portion of cash operating costs are variable in nature
- Recent actions: reduced OT, insourcing, and lower T&E and pro fees
- Current liquidity at $3.083 billion including $513 million of cash
- Company expects to generate substantially positive free cash flow in 2020
No long-term maturities until 2025
Focused on leveraging our flexibility to manage COVID-19 uncertainty
United Rentals
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United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2020 United Rentals, Inc. All rights reserved.
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