Vp plc The Equipment Rental Specialist Final Results Year ended 31 March 2007 Rental and sale of specialist products and services to construction, civil engineering, rail, oil and gas exploration, events and industrial markets

Agenda Financial Review Mike Holt – Group Finance Director Business Review Neil Stothard – Group Managing Director Concluding Remarks Jeremy Pilkington - Chairman

Mike Holt Group Finance Director Financial Review

Financial Highlights

Earnings and Dividend per Share

Balance Sheet

Operating Cash Flow

Cash Flow

Fleet Investment

Net Debt

Excellent Financial Health Operating cash flows remain strong (2x profits) Interest cover is robust (8x) Balance sheet capable of supporting further growth Effective internal controls

Neil Stothard Group Managing Director Business Review

Vp’s Investment Case Specialist business with diversified market exposure Market leading positions Strong value added element Excellent cash generation and financial strength Proven management team with strength and depth Consistent performer with quality returns

Vp Markets Exposure

Strength through diversity

Business Performance Record operating profits of £16.5m up 44% 30% of profit growth is organic Substantial revenue growth - up 22% to £121.6m Operating margins improved to 13.4% Fleet investment £32.6m - up 57% ROCE 16%

Segmental Analysis

Excellent Business Momentum Revenue (£m) Operating Profit (£m)

Quality Returns Return on Average Capital Employed (%) Dividend per share (pence) Earnings per share (pence) Operating Margin (%)

Growth Strategy Progressing Well Delivery of substantial earnings growth Significant organic capital investment Prior year acquisitions integrated successfully New geographic markets, e.g. Ireland, Germany New markets e.g. transmission, events Successful diversification of offering, e.g. formwork, pipe fitting Acquisitions: MEP, Evershore, Midway, Cool Customers

Total Shareholder Return

Jeremy Pilkington Chairman Concluding Remarks

Value added, specialist rental sectors Market leadership – supplier of choice Double digit earnings growth potential > 15% ROACE Building sustainable capabilities Business Model

Repeat business, share of wallet Business growth supports investment – assets, skills, capabilities Employee satisfaction, retention and development Improved service levels Customer satisfaction Virtuous Service Cycle

Record year – Group making strong progress Excellent growth opportunities within existing markets – organic and acquisition Financial capacity to fund significant growth Ambitious and proven management team able to deliver Summary

Vp plc The Equipment Rental Specialist Final Results Year ended 31 March 2007 Rental and sale of specialist products and services to construction, civil engineering, rail, oil and gas exploration, events and industrial markets