Ashtead Group Investor Day Presentation Deck

DIRECTION OF TRAVEL - ORGANIC GROWTH ASSUMPTIONS Based on three year organic rental revenue CAGR US Canada 94 UK Group US drop through Group EBITDA margin Group operating profit margin Three year capital expenditure spend Capital Markets Day 2021 ASSUMPTIONS 9 - 11% 20 - 25% 0 - 3% 9-11% mid-50s 47 - 49% 26 - 28% ~£5.5B ● US rental revenue growth of twice the rate of the rental market Canadian rental revenue growth reflects geographic expansion and Specialty growth UK growth rate reflects high base point due to COVID-19 support Drop through improves during period Strong margins Return on investment back to prior peak levels SUNBELT. RENTALS

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