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 ■ 20 Progressive dividend policy Share buybacks APPLICATION First quarter results | 31 July 2021 I I ■ I $551m invested in the business 22 greenfields opened in North Americal $123m spent on bolt-ons, with seven locations added Good pipeline $104m (£75m) spend under share buyback programme Up to £1bn over two financial years to be spent on buybacks at an initial rate of £75m per quarter UNDERPINNED BY TARGET NET DEBT TO EBITDA LEVERAGE RANGE OF 1.5 TO 2.0 TIMES 1.3 TIMES AT 31 JULY 2021 - Ashtead group

View entire presentation