Investor Presentaiton

A decade of continued financial improvement... Total Revenue Adjusted EBITDA(1) Adjusted EPS(1) $10,000M $5,000M $25 $9,000M CAGR $4,500M CAGR $8,000M 14.8% $4,000M 21.4% $20 CAGR (2) 18.7% $7,000M $3,500M $6,000M $3,000M $15 $5,000M $2,500M $4,000M $2,000M $10 $3,000M $1,500M $2,000M $1,000M $5 $1,000M $0 $500M $0 $0 2009 2014 2019 2009 2014 2019 2008 Strong revenue growth Trailing 5-year CAGR: +10.5% Trailing 10-year CAGR: +14.8% Improved diversification Increased industrial exposure • Increased non-cyclical specialty exposure Notes: 2014 2019 Powerful EBITDA growth Trailing 5-year CAGR: +9.9% Trailing 10-year CAGR: +21.4% Sharply higher margins Adj. EBITDA margins up ~1,400 bps vs. 2008 (3) Meaningful EPS growth Trailing 5-year CAGR: +23.1% vs. +7.2% for the S&P 500 over the same period Trailing 11-year CAGR (2,3): +18.7% vs. +11.6% for the S&P 500 over the same period Adj. EBITDA margins up ~2,000 bps vs 2009 (4) Ongoing transformation of the company's financial performance (1) Adjusted EBITDA and Adjusted EPS are non-GAAP measures. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures. (2) 10-year CAGR excluded, as Adjusted EPS for 2009 was ($0.76). (3) Reflects change/ improvement since peak of the last cycle relative to 2019. (4) Reflects change/ improvement since trough of the last cycle relative to 2019. United Rentals® United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2020 United Rentals, Inc. All rights reserved. 10

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