2022 Financial Outlook
Fleet productivity: historical results"
1Q 2019
Actual YoY Change in
Average OEC
23.7%
Assumed YoY Impact of OEC
Inflation on Rent Rev
Fleet
Productivity (2)
Contribution from
Ancillary and Re-Rent
Reported YoY Change
in Rental Revenue
(1.5%)
(1.3%)
2.1%
23.0%
2Q 2019
23.2%
(1.5%)
(3.1%)
1.6%
20.2%
3Q 2019
18.1%
(1.5%)
(1.3%)
0.1%
15.4%
4Q 2019
7.6%
(1.5%)
(2.4%)
0.0%
3.7%
1Q 2020
2.2%
(1.5%)
(1.2%)
(0.2%)
(0.7%)
2Q 2020
(0.7%)
(1.5%)
(13.6%)(4)
(0.4%)
(16.2%)
3Q 2020
(4.6%)
(1.5%)
(8.0%) (4)
0.8%
(13.3%)
4Q 2020
(5.6%)
(1.5%)
(3.8%)(4)
0.8%
(10.1%)
Q1 2021
(5.7%)
(1.5%)
(0.5%) (4)
1.2%
(6.5%)
Q2 2021(3)
0.2%
(1.5%)
17.8%
2.3%
18.8%
Q3 2021
8.7%
(1.5%)
13.5%
1.7%
22.4%
Q4 2021
13.3%
(1.5%)
10.3%
2.6%
24.7%
Q1 2022
16.4%
Q2 2022
13.6%
(1.5%)
(1.5%)
13.0%
2.6%
30.5%
11.3%
2.8%
26.2%
Q2 2022 fleet productivity solid at 11.3% driven by strong execution and industry discipline
(1) Provided on an As Reported basis.
(2) Fleet Productivity reflects the combined impact of changes in rental rates, time utilization, and mix that contribute to Owned
Equipment Rental revenue (OER).
(3) Denotes quarter in which URI closed a material acquisition (General Finance = 2Q21).
(4) The negative fleet productivity above includes the impact of COVID-19.
United Rentals®
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. © 2022 United Rentals, Inc. All rights reserved.
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