Investor Presentation March 18, 2026 Disclaimer Forward-Looking Statements This presentation includes forward-looking statements as that term is defined by the federal securities laws, including statements concerning our business plans and strategy, our business and offerings, our future financial performance and capital expenditures, our growth strategy and capital allocation strategy, anticipated financing needs, business trends, liquidity and capital management, the construction equipment rental industry ...

Core Insights - EquipmentShare, a leader in connected jobsite technology and one of the largest construction equipment rental providers in the U.S., will report its fiscal fourth quarter and full year 2025 financial results on March 18, 2026, with a conference call scheduled for March 19, 2026 [1] Company Overview - Founded in 2015 and headquartered in Columbia, Missouri, EquipmentShare is dedicated to transforming the construction industry through innovative tools, platforms, and data-driven insights [1] - The company aims to drive productivity, efficiency, and collaboration across the construction sector with its proprietary technology, T3® [1] - EquipmentShare offers a comprehensive suite of solutions, including a fleet management platform, telematics devices, and a leading equipment rental marketplace [1] Financial Developments - EquipmentShare closed a $2.75 billion asset-based senior secured credit facility with Wells Fargo, which serves as the administrative agent and lead lender [1] - The company’s growth is supported by a disciplined capital structure and its award-winning T3® technology platform [1] Industry Recognition - EquipmentShare has been ranked No. 4 on The Software Report's Top 50 Software Companies of 2025, marking its first year applying for the list [1] - The ranking highlights companies that are advancing software innovation and making a real-world impact across multiple industries [1]

Company Overview - BitGo has positioned itself as a provider of digital asset support amid the ongoing digital transformation of the financial system, with $104 billion in assets on its platform, supporting over 1,500 digital asset types and boasting more than 4,900 clients [1][8] - The company offers a range of services including integration with digital exchanges, stablecoin deposits and payments, secure online wallet services, and a full suite of crypto-as-a-service digital asset solutions [2] Market Position and Performance - BitGo has been operational since 2013, providing services in trading, financing, collateral management, and transaction settlement, leveraging deep liquidity and flexible credit through secure infrastructure [3] - In January 2023, BitGo became the first publicly traded, federally chartered digital asset infrastructure company, debuting on Wall Street with 11,821,595 shares at an initial price of $18, raising nearly $213 million in gross proceeds [7] - Despite a 43% decline in stock price since its debut, BitGo maintains a market cap of over $1.25 billion [7] Analyst Ratings and Future Outlook - Wells Fargo analyst Cassie Chan has an Overweight rating on BitGo, citing its establishment as a trusted custodian in a rapidly growing crypto market with a market cap exceeding $4 trillion, and a price target of $13 indicating a potential one-year gain of 29% [8] - The consensus rating for BitGo shares is Strong Buy, based on 13 recent reviews with an 11 to 2 split favoring Buy over Hold, currently priced at $10.51 with an average price target of $15.88 suggesting a 51% gain over the next year [8]

Core Viewpoint - EquipmentShare.com Inc is highlighted as a growth stock with a market cap of approximately $7.5 billion and an enterprise value of just under $10 billion, indicating its potential for long-term investment [1]. Group 1: Company Overview - EquipmentShare provides a digital platform for construction equipment rentals and sales, along with industrial tools and site management services [2]. - The company also offers machinery parts, maintenance, and safety products, enhancing its service offerings in the construction industry [2]. Group 2: Financial Metrics - The company has a market cap of around $7.5 billion and over $2 billion in net debt, leading to an enterprise value of just under $10 billion [1]. - EquipmentShare's enterprise multiple is calculated at 14.5 based on the midpoint of last year's preliminary EBITDA numbers, which is considered reasonable for a fast-growing disruptor in the industry [1]. - The company boasts a three-year revenue compound annual growth rate (CAGR) of approximately 36%, significantly higher than the 12% CAGR of United Rentals, indicating strong growth potential [1].

Group 1: IPO Market Overview - Last week, two companies and six SPACs completed IPO pricing, indicating a slow IPO market with only two traditional IPOs [1] - BitGo (BTGO) priced its IPO above the expected range, raising $213 million with a market cap of $2.24 billion, but saw a significant drop of 19% in its closing price [1] - EquipmentShare.com (EQPT) raised $747 million at a market cap of $6.72 billion, with a first-day return of 33% [1] Group 2: SPAC Activity - The remaining IPOs were all SPACs, with Helix Acquisition III (HLXC) and Archimedes Tech SPAC Partners III (ARCIU) expanding their issuance sizes [2] - Other newly listed SPACs included Legato Merger IV (LEGO.U), Aldabra 4 Liquidity (ALOVU), Praetorian Acquisition (PTORU), and X3 Acquisition (XCBEU) [2] Group 3: Upcoming IPOs - Four companies are set to go public in the upcoming week, including York Space Systems (YSS), which plans to raise $512 million with a market cap of $4 billion [5] - PicS (PICS) aims to raise $400 million with a market cap of $2.3 billion, providing digital financial services in Brazil [6] - Ethos Technologies (LIFE) plans to raise $200 million with a market cap of $1.31 billion, focusing on life insurance services [7] - Public Policy Holding Company (PPHC) intends to raise $58 million with a market cap of $418 million, offering government relations and consulting services [7]

Group 1 - China Aluminum International (02068) saw a mid-day increase of over 2.4% after announcing a joint venture to undertake a new electrolytic aluminum project with an annual capacity of 394,000 tons, with the first phase set at 294,000 tons [1] - CGN Mining (01164) rose over 8.3% following the submission of a preliminary prospectus for a trust that plans to issue up to $2 billion in transferable, non-redeemable trust shares over 25 months, with annual uranium procurement not exceeding 9 million pounds [1] - China Shengmu Organic Milk (01432) increased nearly 6% after a joint announcement regarding a potential conditional cash offer to acquire all issued shares of the company [1] Group 2 - Yijun Group Holdings (02442) surged over 18%, with a cumulative increase of nearly 500% since its resumption of trading in December, following the sale of shares by its controlling shareholder [2] - China Rare Earth Holdings (03788) rose over 10%, reaching a historical high of 5.49 HKD, after announcing the termination of its gold spin-off plan to focus on gold business [2] - Laopuqin Gold (06181) increased over 7.3% as consumer demand is expected to rise during the upcoming Spring Festival, driven by higher gold prices and anticipated price increases [2] Group 3 - Oil stocks continued to rise, with CNOOC (02883) up 4.19%, Sinopec (00386) up 2.54%, and PetroChina (00857) up 3.68%, amid escalating geopolitical tensions in Iran and Cuba [3] - Changfei Optical Fiber (06869) saw a rise of over 15.4% due to significant price increases and supply tightness in the G.652.D optical fiber market, with major manufacturers unable to meet their own orders [3] Group 4 - Nanshan Aluminum International (02610) increased over 2.6% after announcing plans to start construction on a 250,000-ton electrolytic aluminum project in 2026, with an investment of $437 million [4] - Xindong Company (02400) saw a slight increase of 0.43% as its mobile game "Xindong Town" surpassed 10 million downloads, indicating strong user growth [4] Group 5 - EquipmentShare.com (EQPT.US) debuted on the US stock market with an IPO price of $24.5, closing up 32.9% on its first day [5] - The solar energy sector saw initial gains, with JinkoSolar (JKS.US) up 9.03% and Canadian Solar (CSIQ.US) up 4.57%, following discussions at the Davos Forum [5] - Silver-related stocks experienced gains, with First Majestic Silver (AG.US) rising 5.04% as spot silver prices surpassed $100 [5] Group 6 - Lithium mining stocks mostly rose, with Sigma Lithium (SGML.US) up 17.54% after announcing additional sales of high-purity lithium powder [6] - Bank stocks declined, with Goldman Sachs (GS.US) down 3.75% amid legal issues involving President Trump and JPMorgan [6] - Redwire (RDW.US) increased by 4.51% following comments from Elon Musk about SpaceX's plans for reusable rocket technology [6] Group 7 - Semiconductor stocks showed strength, with AMD (AMD.US) up 2.35% and Nvidia (NVDA.US) up 1.53%, as Nvidia's CEO visited China to discuss future plans [7] - Ericsson (ERIC.US) rose 8.87% after reporting strong fourth-quarter earnings, with adjusted EBITA reaching 12.7 billion SEK, a 24% increase year-over-year [8] - Intel (INTC.US) fell 17.03% due to disappointing performance outlooks and manufacturing issues [8]

Core Viewpoint - EquipmentShare.com Inc. (NASDAQ:EQPT) experienced a significant increase of 32.90% on its first day of trading, indicating strong investor interest and successfully raising $747.3 million in new funds [1][2]. Company Overview - EquipmentShare.com Inc. was founded in 2015 by brothers Jabbok and Willy Schlacks and operates in the construction equipment rental, sales, and technology services sector, facilitating connections between workers and construction equipment across job sites [3]. IPO Performance - The company opened its initial public offering (IPO) at $24.50, reached a peak price of $33 during the trading session, and closed at $32.56, reflecting a robust market debut [2][4]. Market Context - The IPO occurred amid strong investor interest in the property industry, driven by lower interest rates and anticipation of an interest rate cut by the Federal Reserve [4].

Core Viewpoint - EquipmentShare.com (EQPT.US) successfully launched on the US stock market with an IPO price of $24.5, closing at $32.56, a 32.9% increase [1] Company Overview - EquipmentShare is one of the largest and fastest-growing equipment rental service providers in the United States, operating a digital equipment rental platform [1] - As of September 30, 2025, the company has established 342 full-service rental locations, 9 dealer locations, and 22 building material stores across 45 states [1] - The company's equipment pool consists of approximately 235,000 units, with an original purchase cost of $8.1 billion, including owned, rented, and managed equipment through revenue-sharing agreements [1] Technology and Efficiency - All equipment is integrated with the company's proprietary T3 smart platform, enabling real-time tracking, predictive maintenance, and remote control to enhance job site operational efficiency [1]

Core Viewpoint - EquipmentShare.com (EQPT.US) successfully launched on the U.S. stock market with an IPO price of $24.5, closing at $32.56, reflecting a 32.9% increase on the first day of trading [1] Company Overview - EquipmentShare is one of the largest and fastest-growing equipment rental service providers in the United States, operating a digital equipment rental platform [1] - As of September 30, 2025, the company has established 342 full-service rental locations, 9 dealer locations, and 22 building material stores across 45 states [1] - The company's equipment pool consists of approximately 235,000 units, including owned, rented, and managed equipment through revenue-sharing agreements, with an original purchase cost of $8.1 billion [1] Technology and Efficiency - All equipment is connected to the company's proprietary T3 smart platform, enabling real-time tracking, predictive maintenance, and remote control to enhance job site operational efficiency [1]

Core Insights - EquipmentShare.com (EQPT) shares experienced a 20% increase on their first trading day, reflecting investor enthusiasm for the company's rapid growth and its vision for the future of construction [1]. Company Overview - EquipmentShare.com is positioned as a rental company that aims to revolutionize the construction industry [1]. Market Reaction - The significant gain in share price indicates strong investor interest and confidence in the company's business model and growth potential [1].