Presentation to Carillion The Equipment Rental Specialists 9 th June 2010 The Equipment Rental Specialists Vp plc Final Results for the year ended 31 March 2010

Summary Profit before tax, amortisation and exceptional items £16.0m Revenue£134.2m Earnings per share pre amortisation27.57p Dividend per share10.8p

Operational review

Highly satisfactory outcome  Difficult trading conditions in most markets  Explicitly profitable  Early cost actions to mitigate fall in demand  Strong operational cash flows  Working capital benefit of £5.2m  Fleet sales generated £8.5m, at a profit  Cash conserved, borrowings reduced by £17.5m  Net assets increased by £7m  Quality, breadth and resilience demonstrated

Revenue and Operating Profit trends Revenue (£m) Operating Profit (£m)

Group structure The Equipment Rental Specialists

Divisional overview  Divisions impacted by recession to varying degrees  All divisions profitable  All divisions cash generative  Cost actions across all businesses  Investment in sales and marketing  Improved co-ordination between divisional sales teams  Harbray acquisition post year end

Business performance

Capital expenditure

Rebranding Divisions rebranded to better reflect association with Vp whilst explicitly maintaining the specialist focus that customers value

Strength through diversity

Overseas growth  Overseas activities growing as proportion of Group revenues  Airpac Bukom, plus TPA, Groundforce and Hire Station

Oil and Gas – global support network North Sea Middle East Singapore Australia Americas Africa Overseas hubs established

Operational outlook  Anticipate overall stability with areas of volatility  Breadth of markets will remain a key asset  Maintain strong balance sheet but ….. suitable opportunities will be pursued  In excellent financial shape to sustain the development of the Group over the longer term

Financial review

Financial highlights

Components of pre-tax profit

Cost saving measures (fixed costs)

Earnings and dividend per share

Robust balance sheet

Operating cash flow

Total cash flow

Modest gearing, comfortably within covenants Net debt -17% Underlying gearing -23% Interest cover (12 months) Net debt / EBITDA (12 months) -7% -12%-17% -6%

Bank facilities being refreshed

Conclusion

Long term shareholder value enhancement Highly satisfactory results in a challenging market environment  Prudent financial management  Double digit margins, double digit ROCE  No asset write downs  No bank restructuring  No equity funding required  Balance sheet strengthened organically  Maintained dividend  £17.5m cash – all units cash positive

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

Outlook  UK more stable but public sector funding challenges ahead  Overseas contribution growing – adds further market diversification  Quality opportunities scarce but will continue to be pursued  Product and market mix provides downside resilience and upside opportunity

Presentation to Carillion The Equipment Rental Specialists 9 th June 2010 The Equipment Rental Specialists Vp plc Final Results for the year ended 31 March 2010

Supplementary schedules

Net working capital

Shareholder value

Effective rate of tax

Shareholder return