Q4 2023 Earnings Report

2024 Financial Outlook DEERE 3106 Total Revenue $14.65 billion to $15.15 billion Adjusted EBITDA* Net/Gross Rental Capital Expenditures Net Cash Provided by Operating Activities $6.9 billion to $7.15 billion $1.9 billion to $2.2 billion, after gross purchases of $3.4 billion to $3.7 billion $4.15 billion to $4.75 billion Free Cash Flow* $2.0 billion to $2.2 billion ** 2024 On Track for Another Year of Strong Results Across Growth, Profitability, Free Cash Flow, and Returns * Adjusted EBITDA and Free Cash Flow are non-GAAP measures. See the table provided elsewhere in this presentation for a reconciliation of forecasted Free Cash Flow to the most comparable GAAP measure. Information reconciling forecasted adjusted EBITDA to the most comparable GAAP financial measures is unavailable to the company without unreasonable effort, as discussed in the "Introductory Information" slide. ** Excludes aggregate merger and restructuring related payments. FCF outlook assumptions include 2024 cash taxes of $990M and cash interest of $620M. United Rentals® Work United® | 42

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