Ashtead Group Results Presentation Deck
14
US CONSTRUCTION MARKET OUTLOOK
210
190
170
150
130
110
90
70
50
Dodge construction starts
Indexed: 2000=100
2005
2007
2009
2011
Source: Dodge Data & Analytics (February 2021)
2013
2016
2015
2017
Market ($bn) 1,211 1,266 1,307 1,307
Market growth
+7% +4% +3% - %
Source: Dodge Data & Analytics (January 2021)
2016
+4% +4%
Construction put in place
2017 2018 2019 2020 2021 2022
Rental market forecast
Market growth
Source: IHS Markit (February 2021)
Nine month results 31 January 2021
2019
2021
2023
2017 2018 2019 2020 2021 2022
+8% +6% -12% +2% +11%
2023
1,300 1,248 1,316 1,424
-1% -4% +5% +8%
2025
2023
+5%
Ashtead
group
■ Construction starts / put in place forecasts largely
consistent with prior guidance; 2020 supported by
better than expected residential
▪ Non-residential put in place forecast to decline 7%
in 2021; returning to growth in 2022
■
Construction forecasts continue to solidify -
no contemplation of significant infrastructure
package in any forecast.
Customers favouring OPEX vs. CAPEX continues
to drive structural shiftView entire presentation