Ashtead Group Results Presentation Deck
HIGHLIGHTS
Strong first half performance with ongoing momentum in robust end markets
Group rental revenue 26% ahead of last year; US rental revenue up 28%
▪ Profit before tax ¹ up 28% to $1,243m (2021: $979m) and EPS¹ up 32% to 212.2 (2021: 162.4¢)
$1.7bn invested in capital expenditure
▪ 72 locations added in North America, of which 34 were greenfields and 38 were acquisitions
$609m invested in 27 bolt-on acquisitions in the half year with a further $243m spent in Q3
$206m (£173m) allocated to share buybacks in the half year
▪ Interim dividend increased 20% to 15¢ per share
Leverage² at 1.6 times net debt to EBITDA is in the bottom half of our target range of 1.5 to 2.0 times
▪ We now expect full year results ahead of our previous expectations
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Half year results ¦ 31 October 2022
¹ Adjusted PBT and EPS and growth at constant exchange rates
2 Excluding the impact of IFRS 16
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