Ashtead Group Results Presentation Deck
US CONSTRUCTION OUTLOOK
350
300
250
200
150
100
50
2005 2007 2009
2013
Source: Dodge Data & Analytics (February 2023)
230
210
190
170
150
130
110
90
70
50
Dodge construction starts
Indexed: 2000-100
2011
2015
2017
2002 2004 2006 2008 2010
Source: Dodge Data & Analytics (January 2023)
16
Nine month results ¦ 31 January 2023
رمايا
2019
Dodge momentum index
Indexed: 2000=100, seasonally adjusted
2021
2012 2014 2016
2018
2023
2025
2020
2027
2022
Construction put in place ($bn)
Non-residential
2019
■
■
2020 2021
2022
2023
2024 2025 2026
556
523 646
745
719 734
784
300
499
301 325 384 449 480
856 824 971 1,129 1,168 1,214 1,283
644 802 794 823 887 935 977
2,260
+5%
Non-building
Construction (excl. resi)
Residential
Construction (total)
Construction growth
Rental market ($bn)
Rental¹
51
46
50
Rental growth
-9% +9% +12%
Source: Dodge Data & Analytics (December 2022) / IHS Markit (February 2023)
+6%
1 Excluding party and event
Dodge momentum index remains at elevated levels despite strong starts
546
291
837
553
1,390 1,500 1,626 1,765 1,952 2,055 2,149
+4% +8%
+8% +9% +11% +5% +5%
56
59
60
62
64
+5% +2% +3% +4%
Construction projects from the Infrastructure, CHIPS and Inflation
Reduction Acts favour rental and the larger rental companies in
particular
The known and forecasted construction volume will result in strong
market demand for the years to come
▪ Abundance of existing and planned mega projects
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