Ashtead Group Results Presentation Deck
HIGHLIGHTS
▪ Record performance demonstrating the strength in our model and ongoing momentum across the business
▪ North American rental revenue 22% ahead of last year (Q3: +28%) and 16% ahead of 2019/20 pre-pandemic levels
▪ 81 locations added in North America, of which 57 were greenfields and 24 were acquisitions
$938m invested in 19 bolt-on acquisitions in the period with a further $270m spent in Q4
$1.7bn invested in capital expenditure
$311m (£226m) allocated to share buybacks in the period
Leverage¹ at 1.5 times net debt to EBITDA is at the lower end of our target range of 1.5 to 2.0 times
▪ We now expect full year results slightly ahead of our previous expectations
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Nine month results ¦ 31 January 2022
1 Excluding the impact of IFRS 16
Ashtead
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