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Investor Presentaiton

Key financial results snapshot Total Revenue ($M) Adjusted EBITDA(1) ($M) 2019 5-Year CAGR: 2020 Implied Growth: +10.5% +2.7% (3) 2019 5-Year CAGR: +9.9% 2020 Implied Growth: +2.2% (3) Adjusted Earnings per Share (EPS)(1,2) 2019 5-Year CAGR: 23.1% $10,000 $5,000 $20 $4,500 $8,000 $4,000 $15 $3,500 $6,000 $3,000 $2,500 $10 $4,000 $2,000 $1,500 $5 $2,000 $1,000 $500 $0 $0 $0 2014 2015 2016 2017 2018 2019 2020F(3) 2014 2015 2016 2017 2018 2019 2020F (3) 2014 2015 2016 2017 2018 2019 Robust growth and increased profitability across the current cycle Notes: (1) Adjusted EBITDA and Adjusted EPS are non-GAAP measures. See the tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measures. (2) 2017 EPS excludes a one-time benefit from the Tax Act of $8.05. 2018 and 2019 reflect a reduction in the U.S. federal corporate statutory rate from 35% to 21% as a result of the Tax Act. United RentalsĀ® United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2020 United Rentals, Inc. All rights reserved. 31
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