M&A Strategy and Financial Overview

Prudent capital deployment execution with clear priorities Organic Growth Invest in Growth Return Excess Cash to Investors Dividends • Continued investment in GenRent and Specialty to support customers • Initiated dividend program in 1Q2023 • Current quarterly dividend of $1.48 per share • Targeting 40+ specialty cold-starts in 2023 vs. 35 in 2022 M&A • Focus on risk-adjusted returns across both Gen Rent and Specialty • Supports our "Grow, Deepen and Expand" strategy • Balance sheet provides the flexibility to pursue strategic opportunities • • Current annualized yield of 1.3% (1) Year-to-date dividends of $305 million paid through 3Q2023 Share Repurchases . Current authorization: $1.25B share repurchase program. $750 million shares repurchased through 3Q2023; expect to repurchase $250 million more shares during 4Q2023 • Since 2012, the company has returned approximately $5.7B of excess cash to shareholders via share repurchases, reducing its outstanding share count by ~41% at an internal rate of return of over 20% (2) Disciplined Capital Allocation Approach Drives Outsized Shareholder Returns (1) Based on URI closing share price on September 30, 2023 (2) Reflects period between 2012 through end of September 30, 2023 United Rentals® Work United® | 35

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