Executing for Growth and Returns

Balance Sheet Strength Continues to Improve 4.6 2 3.6 3 3.0 2.9 2.8 2.7 2.6x -2.7x 2011 2012 2013 2014 2015 2016 2017 Actual Forecast (1) Leverage Ratio calculated as total debt and QUIPS, net of cash, excluding original issuance discounts, premiums, and deferred financing divided by adjusted EBITDA. assumes no M&A. Pro Forma assumes RSC acquisition occurred on January 1, 2011 and excludes cost synergies. (2) (3) Pro Forma assumes RSC acquisition occurred on January 1, 2012. 2.5x - 3.5x Target Leverage Range Across the Cycle United Rentals Executing for Growth and Returns│ 20

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