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Investor Presentaiton

Key financial results snapshot Total Revenue ($M) 2018 5-Year CAGR: 2019 Implied Growth: +10.2% +15.6% Adjusted EBITDA(1) ($M) 2018 5-Year CAGR: +11.0% 2019 Implied Growth: +14.5% $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 Notes: $5,000 $4,500 $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 2014 2015 2016 2017 2018 2019F3 2014 2015 2016 2017 2018 2019F3 Adjusted Earnings per Share (EPS)(1,2) 2018 5-Year CAGR: 27.1% اس $18 $16 $14 $12 $10 $8 $6 $4 $2 197 197 197 $0 2014 2015 2016 2017 2018 Robust growth and increased profitability across the current cycle (2) (1) Adjusted EBITDA and Adjusted EPS are non-GAAP measures. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures. 2017 EPS excludes a one-time benefit from the Tax Act of $8.05. 2018 reflects a reduction in the U.S. federal corporate statutory rate from 35% to 21% as a result of the Tax Act, which contributed $2.92 of adjusted EPS. (3) 2019F reflects the mid-point of guidance. United Rentals United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved. 31
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