Ashtead Group Results Presentation Deck
HIGHLIGHTS
Strong performance and momentum in robust end markets
Group rental revenue 25% ahead of last year; US rental revenue up 27%
▪ Profit before tax ¹ up 28% to $1,778m (2022: $1,406m) and EPS ¹ up 30% to 304.2¢ (2022: 235.1¢)
$2.6bn invested in capital expenditure
▪ 120 locations added in North America, of which 51 were greenfields and 69 were acquisitions
$970m invested in 38 bolt-on acquisitions with a further $120m spent in Q4
$240m (£201m) allocated to share buybacks in the nine months
Leverage² at 1.6 times net debt to EBITDA, towards the bottom of our target range of 1.5 to 2.0 times
We now expect full year results ahead of our previous expectations
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3
Nine month results ¦ 31 January 2023
¹ Adjusted PBT and EPS and growth at constant exchange rates
2 Excluding the impact of IFRS 16
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