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 ■ 21 Progressive dividend policy Share buybacks APPLICATION Nine month results ¦ 31 January 2022 I I ■ $1.7bn invested in the business 57 greenfields opened in North America $938m spent on bolt-ons, with 24 locations added Good pipeline with $270m spent in Q4 Interim dividend of 12.5% per share paid in February $311m (£226m) spent under two year, up to £1bn share buyback programme UNDERPINNED BY TARGET NET DEBT TO EBITDA LEVERAGE RANGE OF 1.5 TO 2.0 TIMES - 1.5 TIMES AT 31 JANUARY 2022 Ashtead group

View entire presentation