Ashtead Group Results Presentation Deck

CAPITAL ALLOCATION CONSISTENTLY APPLIED POLICY CONTINUES CLEAR PRIORITIES Organic fleet growth Same-store ■ Greenfields ■ Bolt-on acquisitions Returns to shareholders ■ ■ 35 Progressive dividend policy Share buybacks APPLICATION Half year results ¦ 31 October 2022 I I ■ I I $1,685m invested in the business 34 greenfields opened in North America $609m spent on bolt-ons, with 38 locations added in North America Good pipeline with $243m spent since period end Increased interim dividend by 20% to 15% $206m (£173m) spent this year 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 1.6 TIMES AT 31 OCTOBER 2022 - Ashtead group

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