United Rentals M&A and 4Q Results Presentation
COVID-19 Update: URI Strategy & Developments
Work stream
Ensuring employee safety & wellbeing
Leveraging competitive advantages to support customers
Disciplined capital management
Reducing core operating expenses
Balance sheet management & liquidity
Specific Actions
Implementing COVID-19 safety measures including social distancing
- Ensuring sufficient and adequate personal protection equipment (PPE)
- Increased cleaning and disinfecting of facilities and equipment
All U.S. and Canadian branches currently open
- Modifications to policies and protocols to ensure customer safety
- Leveraging digital technologies to manage all aspects of rental transaction
- Leveraging flexibility with suppliers to prudently manage OEC levels
- Disciplined used equipment sales underpinned by full-cycle returns
- Fleet team focused on optimizing fleet for realized demand
- Focus on prudent management of cash operating costs
- Significant portion of cash operating costs are variable in nature
- Actions taken in 2020 included overtime, insourcing, T&E, pro fees, etc.
Current liquidity at $3.073* billion including $202 million of cash
- 2021 free cash flow expected to be between $1.65 billion and $1.85 billion
No long-term note maturities until 2026
*
As of December 31, 2020.
Focused on leveraging our flexibility to manage the current environment
United Rentals®
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2021 United Rentals, Inc. All rights reserved.
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