Ashtead Group Results Presentation Deck
LEGISLATIVE ACTS SUPPORTING END MARKET DEMAND
INFRASTRUCTURE INVESTMENT
AND JOBS ACT¹
$1.2tn in federal spending, with net
additional funding of $550bn
▪ Over 10,000 programmes or specific
projects announced, ranging in size from
c. $100,000 to $3bn
▪ >80% of new funds apply to the following
segments:
19
■
■
Roads and bridges
Electric power / grid
Rail, transit and airports
■ Broadband
Water / sewer / environmental
Projects largely commencing 2023 to
2025
I
$129bn of projects announced out of the
$550bn through October 2022
Half year results ¦ 31 October 2022
THE CHIPS AND SCIENCE ACT²
$250bn act boosting American
semiconductor research, development,
manufacturing and work force
development, including:
$39bn in direct funding for US
semiconductor manufacturers
$24bn in tax credits for domestic
manufacturing facilities of
semiconductors (equivalent to
$96bn in project cost at 25%)
▪ Nine semiconductor facilities in active
planning or started in 2022, with an
average cost of $7.5bn
All projects must start by December 2026
to qualify for funding
INFLATION REDUCTION ACT²
Investment focused on energy, climate
and healthcare initiatives
$370bn of the Act invests in and
incentivises clean energy production and
manufacturing
Extension of important tax credit
arrangements
Addition of c. 300 gigawatts of new solar
generation by 2030, roughly tripling
today's capacity
13 electric vehicle and battery factories
announced average cost of $3.5bn
1 Signed into law in November 2021
2 Signed into law in August 2022
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