Ashtead Group Results Presentation Deck
CANADA TRADING
▪ Sunbelt 3.0 plan progressing well, with cluster development and
increasing business maturity now delivering record margins and
returns
▪ Growth driven by General Tool business, aided by developing
Specialty businesses and increased scale
▪ Strong demand and supply constraints contributing to record
utilisation and favourable rate environment
▪ Lighting, Grip and Lens impacted adversely due to uncertainty
from threatened production strikes in Vancouver
Canadian building permit values
16
2019
Market (C$bn)
Market growth
+3%
Source: Dodge Data & Analytics (June 2022)
2020
2021
First quarter results ¦ 31 July 2022
2022
2023
-1%
102,864 101,029 127,371 126,548 120,664 123,827 128,049
-2% +26%
2024
-5%
2025
+3%
+3%
May
Jun
Fleet on rent (excluding Lighting, Grip and Lens)
Jul
Aug
Market growth
Source: IHS Markit (August 2022)
Sep
2019/20
Oct
-1%
Nov
2020/21
Dec
Jan
2021/22
Canadian rental market forecasts
Feb Mar
2022/23
Apr
2019 2020 2021 2022 2023 2024 2025 2026
-11% +16% +14% +6% +2% +3% +3%
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