Ashtead Group Results Presentation Deck
US CONSTRUCTION MARKET OUTLOOK
300
250
200
150
100
50
Dodge construction starts
Indexed: 2000=100
2005
2007
2011
2009
Source: Dodge Data & Analytics (May 2021)
2016
1,224
Market ($bn)
Market growth
+7%
Source: Dodge Data & Analytics (June 2021)
2017
Market growth
Source: IHS Markit (August 2021)
16
+4%
2013
2015
+8%
2017
First quarter results | 31 July 2021
2019
2021
Construction put in place
2017 2018 2019 2020 2021 2022 2023
1,280 1,333 1,365 1,432 1,429 1,489 1,618
+5% +4% +2% +5% - % +4%
+9%
2023
2025
Rental market forecast
2018 2019 2020 2021 2022 2023 2024
+6% -9% +3% +10% +4% +2%
Construction starts return to growth in 2021 and reach
pre-COVID levels
▪ Construction starts and put in place forecasts anticipate
most of the $1 trillion infrastructure package, but rental
market forecasts yet to reflect any significant impact
■
Non-residential put in place forecast to decline 9% in 2021;
forecast to return to pre-COVID levels in 2023
■
■
Strength in warehouse, data centres and distribution
Softer in hotels, retail and traditional offices
▪ Customers favouring OPEX vs. CAPEX continues to drive
structural shift
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