Operations Overview. Matthew Flannery Executive Vice President and COO

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1 Operations Overview Matthew Flannery Executive Vice President and COO

2 Introduction Matthew J. Flannery Executive Vice President and COO EVP and COO since April years of sales, management and operations experience in the rental industry Joined URI in 1998 as part of the acquisition of Connecticut-based McClinch Equipment 2

3 Creating a new industry standard Our vision Deploying the best people, equipment and solutions to enable our customers to safely build a better and stronger future Driven by these values Safety first Leading by example Continuous innovation Integrity Passion for people Community minded Superior returns to our stockholders by achieving strong and consistent financial performance 3

4 Our four pillar strategy for success Grow the core New standard for operational execution Expand specialty businesses Fill growth pipeline National account strategy Total Control Market leadership Penetrating high return markets Growing industrial customers Customer service model Most advantaged cost position Best execution at the branch Significant improvements in productivity Grow cross-sell and customer relevancy Expand key categories Trench Tools Power & HVAC Pumps Invest in high-return M&A Invest in related adjacencies, such as pumps High customer overlap Shared capability Attractive returns Evaluate international opportunities Driving growth and returns through the cycle 4

5 Recent industry / company trends Strength in U.S. East and West Coast non-residential construction markets and several key industrial markets including downstream oil & gas Specialty continues to post strong growth fueled by gains in cross-selling and new locations Industry excess supply abating as monthly rental rates have found relative stability over the last several quarters relative to 1Q15 1Q16 Significant headwinds from oil & gas and Canada, but comps expected to ease in

6 Disciplined capital allocation Strong time utilization (%, Q3 only) Putting capital to work ($MM, Q3 only) Funding most attractive markets US General Rental Canada General Rental Specialty Change OEC 90% absorption 141 Change Fleet on Rent YOY OEC growth by return quartile 15% 12% 10% 5% 5% 0% -1% -5% -7% -10% 1st 2nd 3rd 4th Return quartile Focused deployment of capital spending 6

7 Operational excellence driving continuous efficiency improvement Continuous productivity improvement Improving operating leverage Monthly rental revenue per FTE ($000 s) Average OEC per branch ($MM) YTD 2016 YTD YTD 7

8 URI EBITDA margin dramatically improved 50% Adjusted EBITDA margin (%) 46% 48% 49% 48% 45% 43% 40% 36% 35% 30% 30% 29% 30% 32% 33% 27% 31% 25% Q3 TTM Margins at record levels for the company Note: margins utilize a different methodology than other years 8

9 Outlook for future growth Continue to believe the cycle has legs, but acknowledge macro-economic uncertainty and the need for flexibility Relative stability in rental rates following challenging 2015 and 1Q2016 Election likely creates an opportunity for significant infrastructure/fiscal stimulus Launched Project XL to identify profit improvement levers to pursue regardless of the economic environment 9

10 Project XL: Realizing our full potential Revenue Cost / Productivity Capital Broaden customer base: Vertical growth, digital Deepen penetration: Specialty/team sell, coverage Operational Excellence SG&A improvements Lifecycle management Capital allocation Target $200MM of run-rate EBITDA improvement by Q

11 Summary End markets continue to be supportive Focus on factors within our control, maintain disciplined capital allocation, and maximize flexibility to capture opportunities Potential tailwinds from infrastructure and penetration to a broader customer base Project XL drives both material improvement in EBITDA and extends industry leadership regardless of the external environment 11