Mcgrath Rentcorp · NASDAQ:MGRC
Mcgrath Rentcorp — CJS Securities 25th Annual "New Ideas" Summer Conference 2025
18 slides from Mcgrath Rentcorp's conference presentation, Jul 10, 2025
Slide 1: CJS Securities 25th Annual "New Ideas" Summer Conference
JULY 10, 2025 CJS Securities 25th Annual “New Ideas” Summer Conference
Slide 2: Presenting today
Presenting today Joe Hanna Keith Pratt President, Executive Vice President, Chief Executive Officer Chief Financial Officer
Slide 3: Safe Harbor
Safe Harbor Statements contained in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, regarding McGrath RentCorp’s expectations, strategies, prospects or targets are
Slide 4: Uniquely McGrath
Uniquely McGrath B2B Rentals Modulars, Storage & Dividend Investor Focus Electronics Champion Shareholder 34 Years of Return CAGR 16%(c) Consecutive Increases Revenue North America $911M Focus Adjusted 99% of EBITDA $352M(a) (b) Total Revenues Diverse Customer Base Strong Service ~21,000 Customers C
Slide 5: McGrath Business Mix 2024
McGrath Business Mix 2024 Total Revenues $911M Total Adjusted EBITDA (2) $352M 15% 21% 10% 12% 67% 75% (1) (1) Mobile Modular Portable Storage TRS-RenTelco Mobile Modular Portable Storage TRS-RenTelco (1) Mobile Modular includes Enviroplex (2) The Company defines Adjusted EBITDA as net income before
Slide 6: Mobile Modular
Mobile Modular QUARTERLY REVENUES (Q1-25) $132M RENTAL EQUIPMENT (AT 3/31/25 OAC (1)) POSITIONING: A leading modular provider in North America $1,415M PRODUCTS: RENTAL FLEET (units) Office buildings and complexes, classrooms COVERAGE: Mobile Modular: servicing 35 states ~ 43,000 (1) Original Acquisi
Slide 7: Portable Storage
Portable Storage QUARTERLY REVENUES (Q1-25) $21M RENTAL EQUIPMENT (AT 3/31/25 OAC (1)) POSITIONING: A leading portable storage provider in North America $240M PRODUCTS: RENTAL FLEET (units) Portable storage containers, portable office, office and storage combos COVERAGE: Portable Storage: servicing
Slide 8: Modular Buildings and Storage Containers Growth Opportunities
Modular Buildings and Storage Containers Growth Opportunities Large and growing market Industry - Leading position in education rentals Geographic expansion opportunities for Modulars and Portable Storage, through organic investment and strategic acquisitions Positive fleet pricing dynamics as contr
Slide 9: TRS-RenTelco
TRS-RenTelco QUARTERLY REVENUES (Q1-25) $35M RENTAL EQUIPMENT (AT 3/31/25 OAC (1)) POSITIONING: $334M A leading provider in North America PRODUCTS: RENTAL FLEET (units) 22,000 General purpose and communications test equipment ~ COVERAGE: Serving customers in North America and selectively overseas (1
Slide 10: TRS-RenTelco Growth Opportunities
TRS-RenTelco Growth Opportunities A market leader in North America in general purpose and communications equipment rentals Highly diversified end markets and customer base with positive long term demand trends Positive long term demand outlook for technology-related end markets driven by new technol
Slide 11: Financial Highlights
Financial Highlights PAGE 11
Slide 12: Operating Results
Operating Results (dollars in millions) Three months ended March 31 2025 2024 Change Rental Revenue 120.1 120.3 0% Rental Related Services 33.9 29.6 15% Sales 38.9 35.1 11% Other 2.5 2.8 -14% Total Revenue 195.4 187.8 4% Gross Profit 96.4 93.3 3% Adjusted EBITDA (a) 74.5 72.1 3% (a) Adjusted EBITDA
Slide 13: Adjusted EBITDA Quarterly Comparison (2024 – 2025)
Adjusted EBITDA (a) Quarterly Comparison (2024 – 2025) Mobile Modular(a) Portable Storage TRS-RenTelco $80 +10% 71.4 $80 $80 61.0 $60 47.6 53.4 $60 $60 43.3 -3% -25% $40 $40 $40 18.5 17.9 18.0 18.9 19.1 $20 $20 11.5 8.6 11.0 10.8 9.9 $20 $0 $0 $0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 MGRC $120 +3% 104
Slide 14: Mobile Modular Pricing Highlights
Mobile Modular Pricing Highlights (a) Total fleet units on rent New Shipments Monthly revenue per unit Last Twelve Months Monthly revenue per unit $1,400 +12% $1,400 $1,200 $1,194 $1,200 +8 $1,061 $1,000 $831 $1,000 $772 $800 $800 $600 $600 $400 $400 $200 $200 $0 $0 Q1-24 Q1-25 LTM Q1-24 LTM Q1-25 $
Slide 15: Mobile Modular Initiatives
Mobile Modular Initiatives Mobile Modular Plus(a)(c) Site Related Services(b)(c) $10 $10 8.6 7.2 5.7 $5 4.4 $5 4.1 3.2 2.3 2.4 $0 $0 2022 2023 2024 2025 2022 2023 2024 2025 YTD March Rental Related Services Revenue YTD March Rental Revenue (dollars in millions) (a) Mobile Modular Plus includes renta
Slide 16: Mobile Modular Sales
Mobile Modular Sales (a)(b) Total Sales Revenues New Sales Revenue $250 $200 $200 183 $150 143 155 22% $150 116 25% $100 $100 78% $50 $50 75% $0 $0 YTD December 2023 YTD December 2024 YTD December 2023 YTD December 2024 New Sales Used Sales (dollars in millions) (a) Sales revenues exclude Enviroplex
Slide 17: Company Summary
Company Summary McGrath (Nasdaq: MGRC) Established rental businesses with solid positions Strategic growth focus on Mobile Modular and Portable Storage Disciplined capital spending on new rental equipment and acquisitions Strong cash flow and resilient business model Dividend increases for 34 consec
Slide 18: Q&A
JULY 10, 2025 CJS Securities 25th Annual “New Ideas” Summer Conference Q&A
McGrath RentCorp — CJS Securities 25th Annual "New Ideas" Summer Conference 2025 on 6ix