Executing for Growth and Returns

Assumptions Driving FCF Outlook Rental CapEx Spend Cash Taxes 2016 2017E $1,246M - Gross $ 750M Net $1.55B - $1.65B - Gross $1.05B $1.15B - Net · $99M ~ $290M Cash Interest $415M ~ $380M United Rentals Executing for Growth and Returns | 19

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