Ashtead Group Results Presentation Deck
HIGHLIGHTS
Another quarter of strong results and ongoing momentum in supportive end markets
North American rental revenue 28% ahead of last year
▪ Profit before tax ¹ up 29% to $555m (2021: $437m) and EPS¹ up 33% to 94.4¢ (2021: 71.50)
$699m invested in capital expenditure
▪ 33 locations added in North America, of which 20 were greenfields and 13 were acquisitions
$337m invested in 12 bolt-on acquisitions in the period with a further $183m spent since quarter end
$116m (£95m) allocated to share buybacks in the quarter
Leverage² at 1.6 times net debt to EBITDA is near the bottom of our target range of 1.5 to 2.0 times
▪ Revenue and operating profit are ahead of our previous expectations however, with increasing interest costs, we expect
adjusted profit before tax to be in line with our previous expectations
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First quarter results ¦ 31 July 2022
¹ Adjusted PBT and EPS and growth at constant exchange rates
2 Excluding the impact of IFRS 16
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