United Rentals M&A and 4Q Results Presentation

Millions $5,000 $4,500 No long-term note maturities until 2026 Total Liquidity of $3.073B (1) Fixed vs. Floating Ratio: 73%/27% $4,000 $3,750 $3,500 $3,000 $2,500 $2,000 $2,705 Unused ABL Facility $1,500 $1,000 $800 $166 A/R unused $500 $634 A/R Securitization Used $0 2021 2022 2023 2024 2025 $1,750 $978 $1,000 $1,045 Used ABL (2) $978 $1,000 5.875% Term Loan B (3) Senior Unsecured Notes $750 3.875% Secured Notes $1,000 5.5% Senior Unsecured Notes $1,673 4.875% Senior Unsecured Notes (3) 2026 2027 2028 2029 $1,500 $750 4.00% Senior Unsecured Notes $750 5.25% Senior Unsecured Notes $1,100 3.875% Senior Unsecured Notes 2030 2031 Aggressive management of long-term maturity towers Note: As of December 31, 2020. (1) Includes total cash, cash equivalents and availability under ABL and AR facilities as of December 31, 2020. (2) Includes $60M in Letters of Credit. (3) Comprised of two separate 4.875% notes, a note with $1.669M principal amount and a note with $4M principal amount. United Rentals® United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2021 United Rentals, Inc. All rights reserved. 43

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