Work United™ - M&A Strategy Review

Track record of value creation through General Rental M&A With 25 years of execution experience involving 300+ transactions, team has successfully integrated assets in different environments and across the spectrum from bolt-ons to transformational RSC (2012) . Size: $4.2B transaction • value (cash and stock) Type: 'Grow-the-core' gen rent acquisition Rationale: Positioned URI as leader in North American rental industry Value: Potential for up to $250M cost savings from branch consolidation and overhead rationalization • • NES (2017) Size: $965M transaction value (cash) Type: 'Grow-the-core' gen rent acquisition Rationale: Strengthened aerial capabilities and added cross-selling opportunities ⚫ Value: Potential for $40M cost savings and $35M of revenue cross-sell opportunity • Neff Rentals (2017) Size: $1.3B transaction value (cash) Type: 'Grow-the-core' gen. rent acquisition Rationale: Introduced new dirt capabilities and expertise in infrastructure vertical, and provided cross-selling opportunities Value: Potential for $35M cost savings and $15M of revenue cross-sell opportunity BlueLine Rentals (2018) Size: $2.1B transaction value (cash) • Type: 'Grow-the-core' gen rent acquisition . Rationale: Expanded presence in the local and mid-sized customer segment, and provided. cross-selling opportunities Value: Potential for $45M cost savings and $35M of revenue cross-sell opportunity Ahern Rentals' profile consistent with prior large-scale General Rental transactions United Rentals WORK UNITED™ 5

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