M&A Strategy and Financial Overview

Our customers and the benefits of renting vs. owning Customer Mix* Why Customers Rent Instead of Buy Residential construction Multi-Family Industrial . Conserve capital / focus on core business • The right equipment for any job/availability & Other 5% . Reliability/reduce downtime Power / Utilities • Manufacturing • Control expenses and inventory 47% Verticals Downstream Metals & Mining Chemicals • Outsourced maintenance (labor) • Outsourced pick-up/delivery (labor) Non-residential 48% Food & beverage • Save on storage/warehousing construction Private non-res Pulp & paper Oil & gas • 24/7 customer care/support Public non-res Infrastructure • Disaster response Entertainment • Save on disposable costs • Manage risks: regulatory, obsolesce, etc. Biotech & Pharma Customers with diverse needs derive many benefits from renting *Based on 2022 rental revenue. United Rentals® Work United® | 12

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