1、1I 2023 United Rentals,Inc.All rights reserved.Fourth Quarter and Full Year 2025 Investor Presentation2I Unless otherwise specified,the information in this presentation,including forward-looking statements,is as of our most recent earnings call held on January 29,2026.We make no commitment to update
2、 any such information contained in thispresentation.Certain statements in this presentation are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934,as amended,and the Private Securities Litigation Reform Act of 1995,known as thePSLRA.These statements c
3、an generally be identified by the use of forward-looking terminology such as“believe,”“expect,”“may,”“will,”“should,”“seek,”“on-track,”“plan,”“project,”“forecast,”“intend”or“anticipate,”or the negative thereof orcomparable terminology,or by discussions of vision,strategy,outlook,targets or goals(inc
4、luding but not limited to our aspirational sustainability goals).You are cautioned that our business and operations are subject to a variety of risks anduncertainties,many of which are beyond our control,and,consequently,our actual results may differ materially from those projected.Factors that coul
5、d cause actual results to differ materially from those projected include,but are not limited to,the following:(1)the impact of global economic conditions(including inflation,interest rates,supply chain constraints,tariffs,trade wars and sanctions),geopolitical risks(including risks related to intern
6、ational conflicts)and public health crisesand epidemics on us,our customers and our suppliers,in the United States and the rest of the world;(2)declines in construction or industrial activity,which can adversely impact our revenues and,because many of our costs are fixed,ourprofitability;(3)rates we