2022 Financial Outlook slide image

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. 39
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