Equipment Rental Financial Performance and Outlook 2025

This document presents the Third Quarter 2025 Investor Presentation for United Rentals, offering a comprehensive overview of the company and its market position. The content details the firm's company overview, including its status as a market leader with significant scale, and highlights its purpose, vision, and values, emphasizing safety, productivity, and sustainability. Key financial data from 2024 is provided, alongside a discussion of the U.S. equipment rental industry trends, noting the secular shift towards renting over owning, and how United Rentals' strategy supports outperformance. The presentation also addresses corporate governance, executive compensation structure, and the company's approach to financial strength and capital allocation, including debt management, dividends, and share repurchases, with a focus on maximizing shareholder value through disciplined M&A. Finally, the role of technology and telematics in driving operational efficiency and enhancing the customer experience is highlighted.

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