Ashtead Group Results Presentation Deck

OUR BUSINESS AND INDUSTRY HAS CHANGED FUNDAMENTALLY STRUCTURAL CHANGE HAS PROGRESSED 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% ■ ■ ■ ■ ■ 25 Apr-08 Apr-09 GFC: 30% rental revenue decline peak to trough Apr-10 Top 2 rental companies: <10% market share c. 20% rate reduction "Top up" rentals Heavy construction recession Specialty c. 13% at April 2008 Leverage of 3.2x at April 2010 1 1 Nine month results | 31 January 2023 H H ■ ■ Apr-11 ■ THI Apr-14 Apr-12 Apr-13 Apr-15 Apr-16 Ten years of growth CAGR: 18% ■ Ten years of industry consolidation and the big getting bigger Rate recovery followed by moderate improvement, supported by significant advance in technology and systems Alternative to ownership Apr-17 Apr-18 Apr-19 Apr-20 Gradual construction recovery, broadening of end markets served and increasing proportion of mega projects Growth in capability and Specialty business lines Gradual decline in leverage to 1.9x at April 2020 Apr-21 I T ▪ Top 2 rental companies: >25% market share Apr-22 Stable rates followed by good rate environment ■ Rental better alternative ownership Current and forecast strength Specialty c. 30% Leverage of 1.5x at April 2022 ■ Ashtead group

View entire presentation