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Ashtead group 7 December 2021 Unaudited results for the half year and second quarter results ended 31 October 2021 Second quarter First half 2021 2020 Growth1 2021 2020 Growth1 $ m $ m % $ m $ m % Revenue 2,032 1,754 15 % 3,884 3,258 18 % Rental revenue 1,876 1,579 18 % 3,545 2,931 20 % EBITDA 972 860 12 % 1,832 1,545 18 % Operating profit 577 471 22 % 1,053 783 34 % Adjusted² profit before taxation 542 426 27 % 979 687 42 % Profit before taxation 474 405 17 % 890 646 38 % Adjusted² earnings per share 90.9 ¢ 70.2 ¢ 29 % 162.4 ¢ 113.6 ¢ 43 % Earnings per share 79.5 ¢ 66.6 ¢ 19 % 147.5 ¢ 106.7 ¢ 38 % Half year highlights³ • Record first half performance with clear momentum across the business • Revenue up 18 % ¹ ; rental revenue up 20 % ¹ Good progress across all Sunbelt 3.0 actionable components • 58 locations added in North America • $ 1.2bn of capital invested in the business ( 2020 : $ 438m ) • • Net debt to EBITDA leverage 1,3 of 1.5 times ( 2020 : 1.7 times ) $ 428m spent on bolt - on acquisitions ( 2020 : $ nil ) and a further $ 320m in Q3 Interim dividend increased by 28 % to 12.5 ¢ per share ( 2020 : 9.76 ¢ per share ) • We now expect full year results ahead of our previous expectations 1 Calculated at constant exchange rates applying current period exchange rates . 2 Adjusted results are stated before exceptional items and amortisation . 3 Throughout this announcement we refer to a number of alternative performance measures which provide additional useful information . The directors have adopted these to provide additional information on the underlying trends , performance and position of the Group . The alternative performance measures are not defined by IFRS and therefore may not be directly comparable with other companies ' alternative performance measures , but are defined and reconciled in the Glossary on page 34 . 1