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% ■ ■ ■ ■ 29 Apr-08 Apr-09 GFC: 30% rental revenue decline peak to trough "Top up" rentals Apr-10 Top 2 rental companies: <10% market share c. 20% rate reduction Heavy construction recession Specialty c. 13% at April 2008 Leverage of 3.2x at April 2010 Half year results | 31 October 2022 1 | H H ■ Apr-11 ■ III Apr-14 Apr-12 T ■ Ten years of industry consolidation and the big getting bigger Apr-13 Apr-15 Apr-16 Ten years of growth CAGR: 18% Apr-17 Apr-18 Apr-19 Apr-20 Rate recovery followed by moderate improvement, supported by significant advance in technology and systems Alternative to ownership 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 ■ 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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