2022 Financial Outlook

M&A strategy: Disciplined and opportunistic Strategic Proactively supports growth in attractive markets • Difficult to replicate organically • Access to new customers Financial • Invest capital at attractive returns over cycle • • • Revenue growth Margin opportunities Manage leverage Cultural Safety Talent Ethics and integrity . Management philosophy . • Enhance cross-selling • Best practice adoption • Internal Rate of Return ROIC • Customer focus . Geographic coverage Community • Volatility . Diversification Proven integration capabilities are a key advantage in realizing greater value from M&A United Rentals 8 United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. © 2022 United Rentals, Inc. All rights reserved. 27

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