Ashtead Group Results Presentation Deck

28 DEBT AND COVENANTS Debt Ratings Availability Fixed charge coverage covenant Nine month results 31 January 2021 Facility $4.6bn first lien revolver* $600m senior notes $600m senior notes $600m senior notes $600m senior notes $600m senior notes Corporate family Second lien ■ H Interest rate LIBOR + 125-175 bps ■ 4.125% Greater than 1.0x at January 2021 * Pro-rata draws under incremental $500m at LIBOR +225bps 5.250% 4.375% 4.000% 4.250% S&P BBB- BBB- Covenants are not measured if availability is greater than $460 million December 2023 August 2025 August 2026 August 2027 May 2028 November 2029 Moody's Baa3 Maturity Baa3 Ashtead group Fitch BBB- BBB- EBITDA less net cash capex to interest paid, tax paid, dividends paid and debt amortisation must equal or exceed 1.0x

View entire presentation