United Rentals Financial Performance and Market Exposure
Historical Overview of Fleet Productivity.
Actual
Assumed
YoY Change
in average OEC
YoY Impact of OEC
Inflation on Rental Revenue
As Reported Historical Results
Combined Impact/
Contribution on Rental Revenue
Growth from Fleet Productivity**
Calculated
Revenue Contribution
from Ancillary & Re-Rent
Reported
YoY Change in
Rental Revenue
1Q2016
2.8%
(1.5%)
(2.3%)
0.3%
(0.7%)
2Q2016
1.6%
(1.5%)
(1.7%)
0.3%
(1.3%)
3Q2016
1.7%
(1.5%)
(1.1%)
0.5%
(0.3%)
4Q2016
2.6%
(1.5%)
0.8%
(0.3%)
1.6%
1Q2017
3.9%
(1.5%)
1.4%
0.6%
4.4%
2Q2017*
14.3%
(1.5%)
0.7%* (NES)
0.1%
13.5%
3Q2017
15.7%
(1.5%)
1.7%
0.3%
16.2%
4Q2017*
27.5%
(1.5%)
0.5%* (Neff)
0.3%
26.8%
1Q2018
27.7%
(1.5%)
(0.8%)
(0.3%)
25.1%
2Q2018
16.2%
(1.5%)
4.5%
0.1%
19.3%
*
3Q2018*
4Q2018
19.5%
(1.5%)
(BakerCorp)
2.3%
0.8%
21.2%
*
*
18.8%
(1.5%)
1.5% (Blue Line)
2.0%
20.8%
Fleet Productivity provides a proxy for decisions made to optimize
the balance of rental rates, time utilization, and mix to drive returns
*Denotes quarter in which URI closed a material acquisition (NES = 2Q17; Neff = 4Q17; BakerCorp = 3Q18; BlueLine = 4Q18).
**
Fleet Productivity reflects the combined impact of changes in rental rates, time utilization, and mix that contribute to Owned Equipment Rental revenue (OER). (Revised from prior version.)
*** Provided on an As Reported basis.
United Rentals®
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved.
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