1. 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

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

3. Operational review

4. 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

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

6. Group structure The Equipment Rental Specialists

7. 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

8. Business performance

9. Capital expenditure

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

11. Strength through diversity

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

13. Oil and Gas – global support network North Sea Middle East Singapore Australia Americas Africa Overseas hubs established 2002- 2008

14. 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

15. Financial review

16. Financial highlights

17. Components of pre-tax profit

18. Cost saving measures (fixed costs)

19. Earnings and dividend per share

20. Robust balance sheet

21. Operating cash flow

22. Total cash flow

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

24. Bank facilities being refreshed

25. Conclusion

26. 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

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

28. 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

29. 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

30. Supplementary schedules

31. Net working capital

32. Shareholder value

33. Effective rate of tax

34. Shareholder return