Investor Presentaiton

5000 4500 4000 3500 3000 2500 2000 1500 1000 No maturities of long-term debt until 2023 ($M) Total Liquidity of $2.151B*** Fixed vs. Floating Ratio: 69%/31% $975 $30 A/R Unused 500 $945 A/R Securitization Used 0 2019 2020 2021 $3,750 $2,046 Unused ABL Facility $2,543 $993 Term $2,100 Loan B $1,100 6.5% $1,673 Senior $1,000 $750 4.625% Senior Unsecured Notes $1,000 $1,704* Unsecured 4.625% Senior Secured Notes Used ABL Facility Notes $800 5.5% Senior Unsecured Notes $1,000 5.875% Senior Unsecured Notes 5.5% Senior Unsecured Notes 4.875%** Senior Unsecured Notes 2022 2023 2024 2025 2026 2027 2028 2029 Long-term debt maturities extend well into the next decade Note: as of June 30, 2019. *Includes $45M in Letters of Credit. **Comprised of two separate 4.875% notes, a note with $1,669M principal amount and a note with $4M principal amount. ***Includes total cash, cash equivalents and availability under ABL and AR facilities. United Rentals 8 United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved. $750 5.25% Senior Unsecured Notes 2030 42

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