United Rentals M&A and 4Q Results Presentation
A decade of continued financial improvement...
Total Revenue
Adjusted EBITDA (1)
Adjusted EPS (1)
$9,000M
$8,000M
$7,000M
$6,000M
$0
2010
$5,000M
$4,000M
$3,000M
$2,000M
$1,000M
.il
$4,500M
CAGR
$4,000M
14.3%
$3,500M
CAGR
19.0%
$3,000M
$2,500M
$2,000M
$1,500M
$1,000M
$500M
$0
2015
2020
2010
Strong revenue growth
Trailing 5-year CAGR: +8.0%
Trailing 10-year CAGR: +14.3%
Improved diversification
•
Notes:
Increased industrial exposure
Increased non-cyclical specialty exposure
$20
$18
$16
CAGR
48.7%
$14
551 A
$12
$10
$8
$6
86
$4
$2
$0
2015
2020
2010
Powerful EBITDA growth
Trailing 5-year CAGR: +6.8%
Trailing 10-year CAGR: +19.0%
Sharply higher margins
Adj. EBITDA margins up ~1,300 bps vs. 2008 (2)
Adj. EBITDA margins up ~2,000 bps vs 2009 (3)
2015
2020
Meaningful EPS growth
Trailing 5-year CAGR: +16.8% vs. +2.9% for the
S&P 500 over the same period
Trailing 10-year CAGR: +48.7% vs. +4.4% for the
S&P 500 over the same period
Ongoing transformation of the company's financial performance
(1) Adjusted EBITDA and Adjusted EPS are non-GAAP measures. Adjusted EBITDA margin represents adjusted EBITDA divided by total revenue. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures.
(2) Reflects change/ improvement since peak of the last cycle relative to 2020.
(3) Reflects change/ improvement since trough of the last cycle relative to 2020.
United Rentals
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United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2021 United Rentals, Inc. All rights reserved.
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