Ashtead Group Results Presentation Deck

CAPITAL ALLOCATION CONSISTENTLY APPLIED POLICY CONTINUES CLEAR PRIORITIES Organic fleet growth Same-store Greenfields I ■ Bolt-on acquisitions Returns to shareholders I ■ 22 Progressive dividend policy Share buybacks APPLICATION Half year results | 31 October 2021 I I ■ $1.2bn invested in the business 43 greenfields opened in North America $428m spent on bolt-ons, with 15 locations added Good pipeline with $320m spent in Q3 Increased interim dividend by 28% to 12.5¢ $209m (£151m) spent under two year, up to £1bn share buyback programme UNDERPINNED BY TARGET NET DEBT TO EBITDA LEVERAGE RANGE OF 1.5 TO 2.0 TIMES - 1.5 TIMES AT 31 OCTOBER 2021 Ashtead group

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