Q4 2023 Earnings Report

Prudent capital deployment execution with clear priorities • Organic Growth Invest in Growth • • Continued investment in GenRent and Specialty to support customers • Targeting 50+ specialty cold-starts in 2024 vs. 49 in 2023 M&A • Focus on risk-adjusted returns across both GenRent and Specialty • Supports our "Grow, Deepen and Expand" strategy • • Balance sheet provides the flexibility to pursue strategic opportunities Return Excess Cash to Investors Dividends Initiated dividend program in 1Q2023 with quarterly dividend of $1.48 per share • Dividends of $406 million paid during 2023 Current quarterly dividend of $1.63 per share (10% increase vs. 2023) Current annualized yield of 1.1% (1) Share Repurchases • Current authorization: $1.25B share repurchase program approved by Board of Directors on October 24, 2022. $1 billion shares repurchased through 4Q2023; expect to repurchase remaining $250 million shares during 1Q2024 New authorization: $1.5B share repurchase program approved by Board of Directors on January 24, 2024. Expect to begin repurchases under the new authorization in 1Q2024 and complete $1.5B of total repurchases in 2024 ($250 million under current authorization and $1.25B under new authorization), with the remaining $250 million of the new authorization to be completed by the end of the first quarter of 2025 • Since 2012, the company has returned approximately $6B of excess cash to shareholders via share repurchases, reducing its outstanding share count by ~42% at an internal rate of return of over 20% (2) Disciplined Capital Allocation Approach Drives Outsized Shareholder Returns (1) Based on URI closing share price on December 31, 2023 (2) Reflects period from 2012 to 2023 United Rentals® Work United® | 35

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