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% ■ ■ ■ ■ Apr-08 25 Apr-09 GFC: 30% rental revenue decline peak to trough "Top up" rentals ■ Heavy construction recession Specialty c. 13% at April 2008 Leverage of 3.2x at April 2010 Apr-10 Top 2 rental companies: <10% market share c. 20% rate reduction Full year results | 30 April 2022 1 I 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 T I Apr-21 H Apr-22 ■ Top 2 rental companies: >25% market share 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

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