Ashtead Group Results Presentation Deck

CAPITAL ALLOCATION CONSISTENTLY APPLIED POLICY CONTINUES CLEAR PRIORITIES Organic fleet growth Same-store ■ Greenfields ■ Bolt-on acquisitions Returns to shareholders ■ ■ 20 Progressive dividend policy Share buybacks APPLICATION First quarter results ¦ 31 July 2022 I I ■ $699m invested in the business 20 greenfields opened in North Americal $337m spent on bolt-ons, with 16 locations added. Good pipeline with $183m spent since period end $116m (£95m) 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 1.6 TIMES AT 31 JULY 2022 - Ashtead group

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