Financial Performance - Q2 2025 total revenues decreased by 3% year-over-year to $589.083 million[64, 87] - Leasing revenue decreased by 3% year-over-year to $442.916 million[64, 87] - Adjusted EBITDA Margin decreased by approximately 130 bps year-over-year to 42.3%[64] - Adjusted Free Cash Flow Margin was 22% in Q2 2025 and 23.6% over the last twelve months[69, 110] - Leverage at 3.6x last-twelve-months Adjusted EBITDA of $1.029 billion[77, 103] Operational Metrics - Modular space unit average monthly rental rate increased 5% year-over-year to $1,237 in Q2 2025[58, 94] - Portable storage unit average monthly rental rate increased 7% year-over-year to $282 in Q2 2025[58, 94] - VAPS revenue increased 40 bps year-over-year to 17% of total revenue in Q2 2025[61, 94] - Average modular space units on rent declined 6% year-over-year[48] - Average portable storage units on rent declined 14% year-over-year[51] Future Outlook - The company revised its 2025 financial outlook, expecting revenue between $2.3 billion and $2.35 billion and Adjusted EBITDA between $1 billion and $1.02 billion[84]

QUARTERLY INVESTOR PRESENTATION FIRST QUARTER 2025 2 May 1, 2025 SAFE HARBOR Forward Looking Statements This presentation contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," "shall," "outlook," "guidance," "see, ...