Ashtead Group Results Presentation Deck

CAPITAL ALLOCATION CONSISTENTLY APPLIED POLICY CONTINUES CLEAR PRIORITIES Organic fleet growth Same-store Greenfields I ■ Bolt-on acquisitions Returns to shareholders I ■ 35 Progressive dividend policy Share buybacks APPLICATION Nine month results ¦ 31 January 2023 I I ■ I ■ $2,621m invested in the business 51 greenfields opened in North America $970m spent on bolt-ons, with 69 locations added in North America Good pipeline with $120m spent since period end Increased interim dividend by 20% to 15¢ $240m (£201m) spent this year ($653m (£506m) in total) under two year, up to £1bn share buyback programme UNDERPINNED BY TARGET NET DEBT TO EBITDA LEVERAGE RANGE OF 1.5 TO 2.0 TIMES 1.6 TIMES AT 31 JANUARY 2023 Ashtead group

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