RENTAL INDUSTRY SUMMARY

EQUIPMENT RENTAL INDUSTRY OVERVIEW

   State of Industry
   Questions and Comments

RENTAL EQUIPMENT ANALYSIS

   Age of Equipment
   Rental Rates
   Utilization Rates
   Rental Revenues Results
   Forecast

CONSTRUCTION EQUIPMENT RENTAL COMPANY / OEM OVERVIEW

   United Rentals
   RSC (Rental Service Corporation)
   Hertz Equipment Rental Corporation
   Sunbelt Rentals
   National Equipment Services
   NationsRent
   Home Depot Rentals
   Maxim Crane Works
   Neff Rentals
   H&E Equipment
   Sunstate Equipment
   Ahern Rentals

OEM Participation

   Volvo Rent Store
   CAT Rental Stores
   Komatsu America
   John Deere
   Ingersoll-Rand
   JCB
   CNH Global
This is Yengst Associates’ ninth Industry Analysis of the North American rental equipment industry.The rental equipment industry is a mature, cyclical business segment within the machinery industry, which we study on a continuing basis because it accounts for a very high percentage of the construction machinery sold annually in North America. It is driven by a number of factors including cost of credit, interest rates, residential and non-residential construction spending, energy prices and a number of other drivers. Our analysis covers 24 major products, all typical machinery found at construction job sites, highway projects, quarries, mines and endless other applications.