The interim report summarizes Ramirent's financial results for Q1 2013. Net sales decreased 7% to MEUR 152.8 due to lower sales in Finland, Norway, and Denmark, though profitability excluding non-recurring items was close to last year's level. EBITA was MEUR 22.6 compared to MEUR 14.4 in Q1 2012. Segment reviews showed stable demand in Sweden but weaker construction activity affecting Denmark, Finland, and Europe East. In March, Ramirent also finalized the formation of a joint venture, Fortrent, in Russia and Ukraine.

1. INTERIM REPORT
Q1/2013
May 8, 2013
CEO Magnus Rosén
CFO Jonas Söderkvist

2. Agenda
Highlights: Q1/2013
Market outlook
Segment review
Financial Review
Company overview
Appendix
2
Agenda

3. 3
Highlights: Q1/2013
Net sales MEUR 152.8 (164.3)
down by 7.0% or 8.7% at
comparable exchange rates. Sales
decrease excluding operations in
Russia and Ukraine for March 2012
was 5.6%.
EBITA MEUR 22.6 (14.4) or 14.8%
(8.7%) of net sales
EBITA excluding non-recurring items
EUR 12.4 or 8.1% of net sales
EBIT EUR 18.0 (12.3) million or
11.8% (7.5%) of net sales
EBIT excluding non-recurring items
was EUR 10.7 million or 7.0% of net
sales
Highlights: Q1/2013

4. 4
Highlights: Q1/2013
Gross capex MEUR 32.4 (35.7)
down by 9.3%
Cash flow after investments
MEUR 19.0 (6.4), up 197%
Net debt MEUR 220.3 (257.7)
Net debt to EBITDA ratio 1.0x
(1.2x)
Return on equity (ROE) 20.7%
(16.9%)
Equity ratio 38.2% (37.6%)
Highlights: Q1/2013

5. 5
Quarterly net sales Q1/2010 – Q1/2013 (MEUR)
Net sales decreased by 7.0% in Q1/2013
111.5
128.7
140.9
150.1
134.4
149.5
179.2
186.8
164.3
169.7
185.9
194.1
152.8
0
50
100
150
200
250
Q1 Q2 Q3 Q4
2010 2011 2012 2013
Highlights: Q1/2013
Net sales decreased by 8.7% at comparable exchange rates
Comparable net
sales decreased by
5.6% (adjusted for
the operations in
Russia and Ukraine)

6. 6
Quarterly EBIT-margin (%) Q1/2010 – Q1/2013
Profitability excluding non-recurring items
was close to last year's level
-5.0%
5.8%
11.8%
7.5%
2.0%
10.3%
17.0%
13.6%
7.5%
13.3%
16.0%
14.3%
11.8%
-10%
-5%
0%
5%
10%
15%
20%
Q1 Q2 Q3 Q4
2010 2011 2012 2013
Highlights: Q1/2013
EBIT margin
excl. non-
recurring
items 7.0%

7. 7
5.0
6.5
3.9
-0.2 -0.1
-2.2
3.1
6.7
4.3
-1.5
11.0
-5.2
-6
-4
-2
0
2
4
6
8
10
12
EBIT MEUR Q1/2013 vs. Q1/2012
Profitability continued to improve in Norway
and Europe East
12.9% 13.5%
8.9%
-2.1%
-0.6%
-16.8%
8.8%
13.3%
11.4%
-16.0%
113.1%
-30%
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
EBIT margin, % Q1/2013 vs. Q1/2012
Highlights: Q1/2013
Europe East EBIT excluding capital gain from the transaction to form a JV with Cramo in
Russia and Ukraine was EUR 0.9 million, representing 8.8% of net sales
Europe Central EBIT excluding impairment loss at the Hungarian goodwill was EUR −2.3
million, representing −21.2% of net sales
-47.5%
Q1/2012 Q1/2013 Q1/2012 Q1/2013

8. Long-term financial targets were met in
Q1/2013
8
Leverage
and risk
Profit
generation
Dividend
Element Target level
ROE
Net Debt /
EBITDA
ratio
Dividend
pay-out
ratio
18% p.a. over a
business cycle
Below 1.6x at
the end of each
fiscal year
At least 40% of
Net profit
Measure 1–3/2013
20.7%
1.0x
57.6%* of
2012
net profit
*Paid for 2012
Highlights: Q1/2013

9. MARKET
OUTLOOK
9

10. Market outlook –Construction output forecasts
10
Country 2012 2013F Source
Nordic
Finland −2.3% −3.0% RT*
Sweden −2.4% −1.0% BI**
Norway 5.2% 5.8% Prognoscentret
Denmark −3.4% −1.4% DB***
Europe Central
Poland 1.6% −3.4% Euroconstruct
Czech Republic −5.4% −1.9% Euroconstruct
Slovakia −13.3% −1.0% Euroconstruct
Hungary −9.0% 0.9% Euroconstruct
Europe East
Russia 3.0% 0-5% Euroconstruct
Estonia 23.0% 2.0% Euroconstruct
Latvia 8.0% 4.0% Euroconstruct
Lithuania 1.0% 3.0% Euroconstruct
Ukraine n.a. n.a. Euroconstruct
Euroconstruct forecasts in December 2012
*RT = Confederation of Finnish Construction Industries
**BI = The Swedish Construction Federation
***DB = The Danish Construction Federation
Market outlook

11. Residential construction expected to increase
in Norway
11
Source: Euroconstruct December 2012
Residential construction (output) 2008A – 2014F
Index 2008 = 100 (volume)
109
94
120
91
88
70
75
80
85
90
95
100
105
110
115
120
2008 2009 2010 2011 2012E 2013F 2014F
Finland Sweden Norway Denmark Europe Central
Forecasts for Europe East countries not available
Market outlook

12. Non–residential construction forecasted to
remain stable
12
Non–residential construction (output) 2008A – 2014F
Index 2008 = 100 (volume)
80
94
104
71
96
60
70
80
90
100
110
120
2008 2009 2010 2011 2012E 2013F 2014F
Finland Sweden Norway Denmark Europe Central
Source: Euroconstruct December 2012 Forecasts for Europe East countries not available
Market outlook

13. 13
Market outlook
-40%
-20%
0%
20%
40%
60%
0
2
4
6
8
10
12
14
16
Q1
2007
Q2 Q3 Q4 Q1
2008
Q2 Q3 Q4 Q1
2009
Q2 Q3 Q4 Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Order books: Nordic construction companies
(BEUR, fixed exchange rates)
Skanska NCC
Veidekke YIT
SRV Change in Net sales YoY, R12 Ramirent
Change in order backlog YoY, Nordic construction
Nordic construction order books decreased
4.7% in Q1/2013
A decrease of 4.7% in Q1/13 vs. Q1/12 in construction company order
books (excluding Peab and Lemminkäinen) for SE, FI, NO and DK.

14. Ramirent outlook for 2013
14
In 2013, EBITA is
expected to remain
at the level of 2012
Market outlook

15. 15
Strategic priorities 2013
Customer
first
Sustainable
profitable growth
Common
Ramirent platform
Balanced
business portfolio
• Strong customer-centric
approach with increased
focus on sustainability, safety
and quality
• Being the leading and most
profitable general rental
company where present
• Developing a one-company
structure with operational
consistency
• Maintain a balanced portfolio
of customers, products and
markets to balance risk

16. SEGMENT
REVIEW
16

17. 28
36 38
35
30
37
45
42
38
41
45
42
35
-5%
0%
5%
10%
15%
20%
25%
30%
0
5
10
15
20
25
30
35
40
45
50
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales EBIT-%
Finland
Net sales in comparison period
included large industrial
projects that are now
completed
Demand on equipment rental
weakened slightly in
construction sector mainly due
to prolonged winter
Pressure on pricing increased
Low activity in Northern Finland
17
Highlights Q1/2013 Sales and EBIT by quarter
Finland Q1
2013
Q1
2012
Change
(EUR)
Change
(Local)
1–12/
2012
Net sales, MEUR 35.1 38.4 −9% 166.5
EBIT, MEUR 3.1 5.0 −37% 30.2
EBIT–margin 8.8% 12.9% 18.2%
Employees 557 579 −4% 572
Customer centres 76 84 −10% 76
Segment review

18. 18
Demand of equipment rental
remained stable
Stable activity in capital region
Lack of big construction projects in
Southern Sweden
Good demand in industrial sector
in Central and Northern Sweden
Profitability remained on last
year’s level thanks to cost control
and good utilisation rates
29
35 36
45
41 42
45
54
48
51 53
58
50
0%
5%
10%
15%
20%
25%
0
10
20
30
40
50
60
70
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales EBIT-%
Sales and EBIT by quarter
Segment review
Highlights Q1/2013
Sweden Q1
2013
Q1
2012
Change
(EUR)
Change
(Local)
1–12/
2012
Net sales, MEUR 50.3 48.1 4% 0% 209.9
EBIT, MEUR 6.7 6.5 3% 33.3
EBIT–margin 13.3% 13.5% 15.9%
Employees 677 675 0% 677
Customer centres 78 84 −7% 79
Sweden

19. Norway
19
Net sales declined mainly due
to less trading of used
equipment
Good demand in oil & gas
sector
Profitability improved thanks to
better operational efficiency and
cost control
Price level remained stable
28 27 28
31 33 30
40 42 44
38
41
51
38
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
0
10
20
30
40
50
60
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales EBIT-%
Sales and EBIT by quarter
Segment review
Highlights Q1/2013
Norway Q1
2013
Q1
2012
Change
(EUR)
Change
(Local)
1–12/
2012
Net sales, MEUR 38.1 43.7 −13% −15% 174.0
EBIT, MEUR 4.3 3.9 11% 22.2
EBIT–margin 11.4% 8.9% 12.8%
Employees 472 477 −1% 467
Customer centres 43 43 0% 42

20. 20
Weak activity in the
construction sector affected on
the demand of equipment
rental
Profitability was burdened by
lower utilisation rates
Price level remained stable
8
9 9 10
8
10
11
15
10
11 11
12
9
-20%
-15%
-10%
-5%
0%
5%
10%
0
2
4
6
8
10
12
14
16
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales EBIT-%
Sales and EBIT by quarter
Segment review
Highlights Q1/2013
Denmark Q1
2013
Q1
2012
Change
(EUR)
Change
(Local)
1–12/
2012
Net sales, MEUR 9.1 9.8 −8% −7% 44.7
EBIT, MEUR −1.5 −0.2 n/a 1.6
EBIT–margin −16.0% −2.1% 3.6%
Employees 192 178 8% 192
Customer centres 19 22 −14% 19
Denmark

21. 21
Activity in construction sector
remained relatively stable in
the Baltic States
EBIT* includes a non-taxable
capital gain of EUR 10.1 million
from the formation of Fortrent
EBIT-margin excl. capital gain
improved thanks to good cost
control and higher utilisation
rates
8
10
12
13
9
13
17 16
12
15
19 17
10
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
0
2
4
6
8
10
12
14
16
18
20
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales EBIT-%
Sales and EBIT by quarter
Segment review
Highlights Q1/2013
(113%)
*Europe East EBIT excluding the capital gain was EUR 0.9 million or 8.8% of net
sales
Europe East Q1
2013
Q1
2012
Change
(EUR)
Change
(Local)
1–12/
2012
Net sales, MEUR 9.7 12.2 −20% −20% 66.3
EBIT, MEUR 11.0* −0.1 n/a 10.9
EBIT–margin 113.1% −0.6% 17.3%
Employees 207 428 −52% 443
Customer centres 42 58 −28% 62
Europe East

22. Group
Successful closing of transaction to form the JV
Fortrent in Russia and Ukraine
Group
Forces combined in Growing Markets… …Created Strong Stand–Alone Company "Fortrent"
“50/50 JV”
50%50%
Key Figures (1 March 2013–31 March 2013)
RUSSIA
UKRAINE
Net sales in March increased by 5.0% to
MEUR 4.2 (4.0)
EBITA was MEUR −0.2 (0.2) or −4.8%
(5.1%) of net sales, and net profit for the
period was MEUR −0.3
400 employees and 22 customer centres
22
Segment review
Fortrent started its operations on 1 March 2013
From beginning of March Fortrent’s net sales is not included in Ramirent Group’s net
sales.
Ramirent’s share (50%) of the net profit will be included in the operating profit of
the Europe East segment in accordance with the equity method of accounting.
Ramirent’s net sales in Russia and Ukraine totalled EUR 33.6 million in 2012. EBIT
amounted to EUR 5.6 million representing a margin of 16.7%
On 7 March, 2013
Ramirent and Cramo
announced that they
received approval from
competition authorities
and successfully closed
the transaction to form a
joint venture operating
under the brand name
“Fortrent” in Russia and
Ukraine.

23. 23
Demand was weak in all
countries
Market situation weakened in the
construction sector especially in
Poland
Profitability was burdened by low
volumes and utilisation rates
High price pressure
Further reduction in number of
employees and customer centres
12
16
20 19
14
19
22
19
13
15
18
16
11
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
0
5
10
15
20
25
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales EBIT-%
Sales and EBIT by quarter
Segment review
Highlights Q1/2013
Europe Central EBIT excluding EUR 2.9 million impairment loss in the Hungarian
goodwill was EUR −2.3 million, representing −21.2% of net sales
Europe Central Q1
2013
Q1
2012
Change
(EUR)
Change
(Local)
1–12/
2012
Net sales, MEUR 11.0 13.3 −17% −18% 62.7
EBIT, MEUR −5.2 −2.2 n/a −1.6
EBIT–margin −47.5% −16.8% −2.5%
Employees 613 726 −16% 626
Customer centres 76 103 −26% 80
Europe Central

24. FINANCIAL
REVIEW
24

25. Good cash flow and strong financial position
25
Net Sales (MEUR) EBITDA (MEUR)
Cash flow (MEUR) Net debt (MEUR) Gross Capex (MEUR)
EBITA (MEUR)
13
22
10
18
32
45
120
46
36
24 28
37 32
0%
10%
20%
30%
40%
50%
60%
70%
80%
0
20
40
60
80
100
120
140
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Gross Capex Share of net sales-%
212209
197
177
191
238
280
263258
281
256
239
220
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
50
100
150
200
250
300
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net debt Gearing-%
-5
8
17
13
4
17
32
27
14
25
32
30
23
-10%
-5%
0%
5%
10%
15%
20%
-10
-5
0
5
10
15
20
25
30
35
Q1
2010
Q2Q3Q4 Q1
2011
Q2Q3Q4 Q1
2012
Q2Q3Q4 Q1
2013
EBITA EBITA-%
18
31
42
37
28
41
59
55
42
52
60
57
48
0%
5%
10%
15%
20%
25%
30%
35%
0
10
20
30
40
50
60
70
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
EBITDA EBITDA-%
112
129
141150
134
150
179187
164170
186194
153
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
0
50
100
150
200
250
Q1
2010
Q2Q3Q4Q1
2011
Q2Q3Q4Q1
2012
Q2Q3Q4Q1
2013
Net sales Y-o-y change-%
-4
13 14
24
-11
-20
-37
16
6 7
24
17 19
-40
-30
-20
-10
0
10
20
30
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Financial review
Non-recurring items in Q1/2013: Capital gain of EUR 10.1 million booked from the transaction to form
Fortrent as well as an impairment loss of EUR 2.9 million in the Hungarian goodwill
EBITA excluding non-recurring items was EUR 12.4 million, representing 8.1% of net sales

26. Net sales decreased by 7.0% in Q1/2013
26
112
129
141
150
134
150
179
187
164
170
186
194
153
0
20
40
60
80
100
120
140
160
180
200
220
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net sales (MEUR) Q1/2010 – Q1/2013
1-12/2010: 531.3
Financial review
Net sales decreased by 8.7% at comparable exchange rates
Comparable net sales decreased by 5.6% (adjusted for the
formation of JV in Russia and Ukraine)
1-12/2011: 649.9 1-12/2012: 714.0

27. 27
Net sales by segment (MEUR) and Change % (YoY)
−8.6% −12.9% −16.9%−20.2%−7.7%4.4%
38.4
48.1
43.7
9.8
12.2 13.3
35.1
50.3
38.1
9.1 9.7
11.0
0
10
20
30
40
50
60
Finland Sweden Norway Denmark Europe East Europe
Central
Q1/2012 Q1/2013
Net sales decreased in all segments except
Sweden
Financial review

28. Share of rental income increased in Q1/2013
Q1/2012 compared to Q1/2013:
• Rental income decreased by 4.0%
• Ancillary income decreased by 7.7%
• Income from sold equipment declined by 42.7%
28
63% 65%
33% 32%
4% 3%
0 %
20 %
40 %
60 %
80 %
100 %
Q1/2012 Q1/2013
Income from sold equipment
Ancillary income
Rental income
Breakdown of net sales (%) and MEUR
103.1 98.9
53.8 49.6
7.5 4.3
0
50
100
150
200
Q1/2012 Q1/2013
Income from sold equipment
Ancillary income
Rental income
Financial review

29. Gross margin improved slightly from the
previous year
29
Gross margin (%) by quarter
65%
67%
68%
66%
67%
67%
68%
69%
66%
68%
66%
68% 69%
64%
67%67%
Q1 Q2 Q3 Q4 FY
2010 2011 2012 2013
Financial review

30. Number of employees decreased due to
scaling down of operations in Europe Central
At the end of March 2013, the Group’s number of employees was
2,751 (3,086)
At the end of 2012, number of employees in Russia and Ukraine was
238
30
Number of employees by segment
579
675
477
178
428
726
572
677
467
192
443
626
557
677
472
192 207
613
Finland Sweden Norway Denmark Europe East Europe
Central
Personnel 31/3/12 Personnel 31/12/12 Personnel 31/3/13
Financial review

31. Optimisation of customer centres continues,
334 customer centres at the end of March
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Finland Sweden Norway Denmark Europe East Europe Central
Number of customer centres per segment
31
Financial review
334
353
At the end of 2012, number of customer centres in Russia and
Ukraine was 19

32. Fixed costs decreased thanks to cost control
throughout the Group
Group fixed costs MEUR 66 (68) in 1-3/2013
32
Fixed costs by quarter (MEUR)
Financial review
33 33 32
38 37 37
41 42 42 40 42 42 42
22 23 22
24 27 25
25
28 25
25
26 27 24
56 56 54
62 63 62
66
70 68
65
68 69
66
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Employee benefit expenses Other operating expenses

33. EUR 22.6 million EBITA including non-
recurring items in Q1/2013
33
-5.1
8.0
17.4
12.7
3.6
16.5
32.0
27.3
14.4
24.7
31.8
29.7
22.6
-10%
-5%
0%
5%
10%
15%
20%
-10
-5
0
5
10
15
20
25
30
35
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
EBITA EBITA-%
EBITA (MEUR) and EBITA-margin (%) Q1/2010 – Q1/2013
1-12/2010: 33.0 1-12/2011: 79.4 1-12/2012: 100.6
Non-recurring items in Q1/2013: Capital gain of EUR 10.1 million booked from the transaction to
form Fortrent
EBITA excluding non-recurring items was EUR 12.4 million, representing 8.1% of net sales
Financial review

34. EUR 7.2 million non-recurring items in
Q1/2013
Reported EBIT was EUR 18.0 (12.3) million or 11.8% (7.5%) of net
sales
Non-recurring items in Q1/2013: Capital gain of EUR 10.1 million
booked from the transaction to form Fortrent as well as an
impairment loss of EUR 2.9 million in the Hungarian goodwill
EBIT excluding non-recurring items was EUR 10.7 million,
representing 7.0% of net sales
34
EBIT (MEUR) Q1/12 vs Q1/13
12,3
18,0
10,1
2,9
10,7
0
2
4
6
8
10
12
14
16
18
20
Q1/2012
reported
Q1/2013
reported
Capital gain Goodwill
impairment
Q1/2013
adjusted
Financial review

35. Profitability improved in Norway and Europe
East
35
12.9% 13.5%
8.9%
-2.1% -0.6%
-16.8%
8.8%
13.3%
11.4%
-16.0%
(113.1%)
(-47.5%)
8.8%*
-21.2%*
Finland Sweden Norway Denmark East Central
Q1/12 Q1/13
EBIT–margin (%) by segments
Financial review
*EBIT-margin excluding non-recurring items
Exc. non-recurring items

36. Ramirent is still cautious with capital
expenditure
The total value of purchased equipment was 29.3 (20.3) million in 1-3/2013
The value of sold rental equipment was EUR 4.3 (7.5) million in 1-3/2013
36
Purchased and sold equipment by quarter (MEUR)
Financial review
8
19
9
17
30
38
67
34
20 22
25
34
29
5 4 3 4 4 5 6
12
8 6 6 8
4
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Purchased equipment Sold equipment

37. Capital expenditure slightly lower level than
in previous year
No acquisitions were made during the quarter
37
4
25
2
0
2 2
8
11
9
1 2 1
Finland Sweden Norway Denmark East Central
1–3/2012 1–3/2013
Capital Expenditure by segments (MEUR)
Financial review

38. Positive development in working capital
Q1/2013 credit losses and net change in the allowance for bad debt
totalled EUR −1.9 (−1.9) million
Dividend of EUR 36.6 million paid in April
38
15 14 14 16 16 17 17 17 18 18 20 15 15
83
90
99
97
95
109
124
120
114
131
141
136
115
-69
-86
-86
-89
-82
-84
-107
-109
-139
-112
-122
-113
-143
-6%
-4%
-2%
0%
2%
4%
6%
8%
-120
-80
-40
0
40
80
120
160
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Trade payables and other liabilities
Trade and other receivables
Inventories
Working capital/Net sales Rolling 12 month basis
Working capital by quarter (MEUR)
Financial review

39. Return on investment remained stable in
Q1/2013
39
Invested capital (MEUR) and ROI (%) rolling 12 months
524 508 509 496 508
536
588 591
565
602 605 604
654
0%
5%
10%
15%
20%
25%
0
100
200
300
400
500
600
700
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Invested capital ROI % (R12)
Return on invested capital, ROI 18.9% (19.6%) 1-3/2013
Financial review

40. Cash flow after investments increased to 19.0
MEUR in the first quarter
40
Cash flow after investments (MEUR)
Financial review
−4.0
13.4 14.4
24.2
−10.7
−20.4
−36.8
15.9
6.4 7.3
23.7
16.8 19.0
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Cash flow after investments Cash flow after investments, Rolling 12 months
1-12/2010: 48.0 1-12/2011: −52.0 1-12/2012: 54.2

41. 212 209
197
177
191
238
280
263 258
281
256
239
220
1.8x
1.9x
1.7x
1.4x 1.4x
1.6x
1.7x
1.4x
1.2x
1.4x
1.2x
1.1x
1.0x
0
1
2
3
0
50
100
150
200
250
300
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Net debt Net debt to EBITDA ratio
Financial position continued to strengthen in
Q1/2013
Net debt to EBITDA 1.0x (1.2x) at the end of March 2013
41
Net debt (MEUR) and Net debt to EBITDA ratio
Financial review

42. Ramirent issued a EUR 100 million bond in
March 2013
42
On 14 March 2013, Ramirent issued a
EUR 100 million senior unsecured bond
The six-year bond matures on 21
March 2019 and carries a fixed annual
interest at the rate of 4.375 per cent
The bond offering was oversubscribed
significantly and allocated to
approximately 60 investors
The bond issue extends the maturity
profile of Ramirent’s debt portfolio and
diversifies the financing base
The proceeds from the bond offering
will be used for general corporate
purposes
Financial review

43. At end of March 2013, Ramirent had unused
committed back–up loan facilities of EUR
266.3 million
In addition to bank facilities, Ramirent is utilising a domestic
commercial paper program of up to EUR 150 million
43
Repayment schedule of interest–bearing liabilities (MEUR)
Financial review
150
240
100
2013 2014 2015 2016 2017 2018 2019
220 MEUR in net debt
490 MEUR in committed credit facilities

44. Return on equity improved and was 20.7% in
the first quarter
44
309
296 308 318 316
296 305
326
305
319
347
364
342
-5%
0%
5%
10%
15%
20%
25%
0
50
100
150
200
250
300
350
400
Q1
2010
Q2 Q3 Q4 Q1
2011
Q2 Q3 Q4 Q1
2012
Q2 Q3 Q4 Q1
2013
Total equity ROE % (R12)
Total equity (MEUR) and ROE (%) rolling 12 months
Return on equity, ROE 20.7% (16.9%) 1-3/2013
Financial review

45. For more information:
www.ramirent.com
Magnus Rosén, CEO
+358 20 750 2845
magnus.rosen@ramirent.com
Jonas Söderkvist, CFO
+358 20 750 3248
jonas.soderkvist@ramirent.com
Franciska Janzon, IR
+358 20 750 2859
franciska.janzon@ramirent.com

46. COMPANY
OVERVIEW
46

47. Ramirent in brief
47
Leading equipment rental company in Northern, Central
and Eastern Europe with net sales of EUR 714 million
(2012)
Presence in 11 countries through 334 customer centers and
in two countries through joint venture
Listed on NASDAQ OMX Helsinki since 1998
2,751 employees serving 200,000 customers with 200,000
rental items
Founded in 1955 and headquartered in Finland
Company overview

48. Ramirent operates in Europe with
Baltic Sea region being the core
market
48
Sales per segment 1-12/2012
Wide network of customer centres
and leading market position
Finland
23%
Sweden
29%
Norway
24%
Denmark
6%
Europe
East
9%
Europe
Central
9%
Sales per customer 1-12/2012
Construc-
tion
68%
Services
&Retail
10%
Industrial
15%
Private
3%
Public
4%
Target is to increase sales to non-construction
customers to 40% of the Group's net sales
Finland
76 customer
centres
# 1
Europe
East
43 customer
centres
# 1
Norway
42 customer
centres
# 1
Denmark
19 customer
centres
# 1
Europe
Central
80 customer
centres
# 1
Sweden
79 customer
centres
# 2
Company overview
JV with Cramo
(22 customer
centres)

49. Targeting a wider range of customer
industries in all countries
Shipyards
Construction
HouseholdsAviationPower
Oil and gas
Public
Windpower
49© 2013 Ramirent

50. End of 2009
We accelerate our growth through
acquisitions and outsourcing cases
50
Outsourcing deal
in Denmark
Outsourcing deal
in Finland Acquisition of
Finnish weather
protection rental
company
Outsourcing deal with two
subsidiaries in Finland
Outsourcing deal in
Finland
Active
screening of
acquisition
targets
Acquisition of Swedish
rental company
Outsourcing deal
in Norway
Acquisition of
Czech rental
business
Aquisition of
Czech rental
business
Acquisition of
Czech rental
business
Acquisition of
Swedish rental
company
Acquisition of
Danish rental
business
Acquisition of specialist
module rental company in
Norway
Danish
scaffolding
division
Acquisition of
Swedish rental
company
Acquisition of
Swedish rental
company
2010
2011
2012
Outsourcing deal
in Norway
Closing of the JV
with Cramo
in Russia
and Ukraine
New brand name:
Fortrent
2013
Company overview

51. Mission
We simplify business by Delivering Dynamic
Rental Solutions™
Vision
To be the leading and most progressive equipment
rental solutions company in Europe, setting the
benchmark for industry performance and customer
service
51
Our strategic choices
Values
Open, Progressive, Engaged
Brand promise
Let’s solve it

52. Broadest range of equipment and
Dynamic Rental SolutionsTM
52
RAMIRENTOFFERING
CUSTOMER NEEDS
PRODUCTS
• Light machinery
• Heavy machinery
• Lifts
• Power and
heating
• Modules
• Tower cranes
and hoists
• Scaffolding
• SAFE
SERVICES
• Planning
• Business Support
• On-Site Support
• Merchandise Sales
• Rental Insurance
• Training
SOLUTIONS
• SpaceSolve
• SafeSolve
• AccessSolve
• EcoSolve
• PowerSolve
• ClimateSolve
• TotalSolve
Benefits:
Lighter balance sheets,
less investments
Benefits:
More uptime in core
operations due to less
downtime in equipment,
less maintenance costs,
right choice of equipment
improves efficiency,
less product liability risk
Benefits:
Easy to buy, reduced number of
subcontractors, increased focus
on the core business
OUTSOURCING
Benefits:
By outsourcing their
machine fleet to Ramirent,
companies can increase
efficiency and simplify their
business by focusing on
core competencesINDUSTRIES
• Construction • Mining • Paper
• Power generation • Oil & gas
• Shipyards • Retail and Service
• Public sector • Households
Company overview

53. Ramirent developed its solutions concepts further
53
Company overview

54. Weak Stable Strong
Strategic themes
Customer First
Sustainable profitable growth
Operational Excellence
Balanced portfolio of customers, products and markets
Operational themes
• Safe-guard profitability and
cash flow
• Consolidate market –
Outsourcing cases
• Pricing discipline
• Execute contingency plans
• Reduce costs and transform
fixed costs to variable
• Reduce financial risk, focus
on A/R and credits
• Amortise debt
• Limited capex, transfer fleet
to where demand is
• Realise synergies
through operational
excellence
• Consolidate market –
Bolt-on acquisitions
• Maintenance capex
• Profitable growth
• Drive penetration and
capture growth
opportunities
• Keep control of fixed
cost base
• Prepare contingency
plans
• Growth capex for
expansion
Business
cycle
Counter cyclical
cash flow
Market conditions
54
Weak market
conditions in
2009-2010
Increased demand
and investments
2011-2012
Our strategic and operational themes through
the business cycles
Company overview

55. 55
Organic growth drivers
70%
60%
45%
40%
40%
30%
30%
25%
20%
20%
15%
15%
10%
10%
10%
0%
20%
40%
60%
80%
100%
Increasing rental penetration
Expansion in select customer industries
Ramirent
Loxam
Cramo
Algeco Scotsman
Speedy Hire
Liebherr-Mietpartner
GAM
Mediaco Lifting
Sarens
Kiloutou
HKL Baumschinen
Others
Consolidation opportunities in Europe
External growth drivers
M&A activity
Outsourcing
deals
Bolt-on and selected strategic
acquisitions
Joint
Ventures
Good organic and strategic growth opportunities
Construc-
tion
68%
Services
&Retail
10%
Industrial
15%
Private
3%Public
4%
Targeting 40% of
Group sales to
non-construction
customers
Company overview

56. 56
Summary of company’s strengths
Leading equipment rental
company in Northern, Central
and Eastern Europe
More than 50 years industry
experience
Diversified portfolios of
customers, products and
markets
Stable profitability and steady
cash flow
Flexibility to maneuver: capex
and cost flexibility, strong
balance sheet
Strong financial position and
funding
Senat's square, Helsinki,
Finland
Company overview

57. Largest shareholders
Largest shareholders
March 31, 2013
Number of
shares
% of
share
capital
1. Nordstjernan AB 31,882,078 29.33%
2. Oy Julius Tallberg Ab 11,962,229 11.01%
3. Varma Mutual Pension Insurance Company 7,368,799 6.78%
4. Odin funds 4,438,955 4.08%
5. Ilmarinen Mutual Pension Insurance Company 4,295,154 3.95%
6. Nordea funds 2,634,207 2.42%
7. Aktia funds 2,082,640 1.92%
8. Veritas Pension Insurance Company Ltd 1,379,139 1.27%
9. Fondita funds 1,102,000 1.01%
10. Föreningen Konstsamfundet Rf 825,000 0.76%
Ramirent Oyj treasury shares 998,631 0.92%
Nominee registered 19,260,396 17.72%
Other shareholders 20,468,100 18.83%
Total 108,697,328 100.00%
57
Market Cap EUR 794.8 million
Trading information
Listing: NASDAX OMX Helsinki
Date of listing: April 30, 1998
Segment: Mid Cap
Sector: Industrials
Trading code: RMR1V
16%
26%
13%9%
2%
34%
Private companies
Financial and insurance institutions
Public sector organizations
Households
Non-profit organizations
Foreigners
Shareholders March 31, 2013
Company overview

58. Share price development
58
EUR Ramirent Plc (RMR1V)
Company overview
0
2
4
6
8
10
12
14
7.57* EUR
*May 7, 2013

59. APPENDIX
59

60. Consolidated income statement
60
Appendix
CONSOLIDATED INCOME STATEMENT 1–3/13
Restated*
1–3/12
Restated*
1–12/12
(EUR 1,000)
Rental income 98,906 103,073 463,070
Ancillary income 49,608 53,745 223,899
Sales of equipment 4,305 7,513 27,115
NET SALES 152,819 164,331 714,083
Other operating income 11,175 427 3,026
Materials and services −49,958 −55,056 −237,184
Employee benefit expenses −41,875 −42,489 −166,324
Other operating expenses −23,976 −25,361 −103,249
Share of result in associates and joint ventures −108 − 116
Depreciation and amortisation and impairment charges −30,073 −29,512 −117,943
EBIT 18,005 12,340 92,524
Financial income 4,242 7,016 20,320
Financial expenses −7,048 −8,687 −29,803
EBT 15,199 10,670 83,041
Income taxes −4,180 −2,773 −19,291
NET RESULT FOR THE PERIOD 11,019 7,896 63,749
Net result for the period attributable to:
Owners of the parent company 11,019 7,896 63,749
Non-controlling interest − − −
TOTAL 11,019 7,896 63,749
Earnings per share (EPS)
EPS on parent company shareholders' share of profit, basic, EUR 0.10 0.07 0.59
EPS on parent company shareholders' share of profit, diluted, EUR 0.10 0.07 0.59
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

61. 61
Appendix
Balance sheet - Assets
CONSOLIDATED BALANCE SHEET 31/3/2013
Restated*
31/3/2012
Restated*
31/12/2012*
(EUR 1,000)
NON-CURRENT ASSETS
Property, plant and equipment 453,921 486,878 451,511
Goodwill 131,247 133,413 133,515
Other intangible assets 40,311 40,443 40,381
Investments in associates and Joint Ventures 22,425 972 1,125
Non-current loan receivables 20,250 − −
Available-for-sale investments 412 412 412
Deferred tax assets 1,856 13,973 10,344
TOTAL NON-CURRENT ASSETS 670,422 676,092 637,288
CURRENT ASSETS
Inventories 15,281 17,836 15,250
Trade and other receivables 115,351 113,702 135,600
Current income tax assets 1,923 1,225 145
Cash and cash equivalents 92,437 2,625 1,338
TOTAL CURRENT ASSETS 224,992 135,387 152,333
Assets to be transferred to the Joint Venture − − 42,250
TOTAL ASSETS 895,414 811,479 831,872
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

62. Balance sheet – Equity and liabilities
62
Appendix
CONSOLIDATED BALANCE SHEET 31/3/2013
Restated*
31/3/2012
Restated*
31/12/2012
(EUR 1,000)
EQUITY
Share capital 25,000 25,000 25,000
Revaluation fund −4,273 −4,223 −4,924
Invested unrestricted equity fund 113,568 113,329 113,329
Retained earnings 207,290 170,686 230,168
PARENT COMPANY SHAREHOLDERS’ EQUITY 341,585 304,792 363,573
Non-controlling interests − − −
TOTAL EQUITY 341,585 304,792 363,573
NON-CURRENT LIABILITIES
Deferred tax liabilities 65,286 77,643 73,333
Pension obligations 14,784 10,852 13,948
Provisions 964 1,373 972
Interest-bearing liabilities 277,820 225,129 191,199
Other long-term liabilities 5,669 10,127 8,071
TOTAL NON-CURRENT LIABILITIES 364,523 325,123 287,523
CURRENT LIABILITIES
Trade payables and other liabilities 143,323 139,117 112,956
Provisions 499 1,208 826
Current income tax liabilities 10,533 6,017 10,936
Interest-bearing liabilities 34,951 35,222 49,513
TOTAL CURRENT LIABILITIES 189,306 181,564 174,231
Liabilities to be transferred to the Joint Venture − − 6,545
TOTAL LIABILITIES 553,829 506,687 468,299
TOTAL EQUITY AND LIABILITIES 895,414 811,479 831,872
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

63. Key figures
63
Appendix
KEY FINANCIAL FIGURES 1–3/13
Restated*
1–3/12
Restated*
1–12/12
(MEUR)
Net sales, EUR million 152.8 164.3 714.1
Increase in net sales, % −7,0% 22.3% 9.9%
Operating result before depreciation and amortisation (EBITDA), EUR million 48.1 41.9 210.5
Operating result before depreciation and amortisation (EBITDA), % of net sales 31.5% 25.5% 29.4%
Operating result before amortisation of intangible assets (EBITA), EUR million 22.6 14.4 100.6
Operating result before amortisation of intangible assets (EBITA), % net sales 14.8% 8.7% 14.1%
Operating result (EBIT), EUR million 18.0 12.3 92.5
Operating result (EBIT), % of net sales 11.8% 7.5% 13.0%
Result before taxes (EBT), EUR million 15.2 10.7 83.0
Result before taxes (EBT), % of net sales 9.9% 6.5% 11.6%
Net result for the financial year, EUR million 11.0 7.9 63.7
Net result for the financial year, % of net sales 7.2% 4.8% 8.9%
Return on invested capital (ROI), % 18.9% 19.6% 18.9%
Return on equity (ROE), % 20.7% 16.9% 18.6%
Interest-bearing debt, EUR million 312.8 260.4 240.7
Net debt, EUR million 220.3 257.7 239.4
Net debt to EBITDA ratio 1.0x 1.2x 1.1x
Gearing, % 64.5% 84.6% 65.8%
Equity ratio, % 38.2% 37.6% 43.7%
Personnel, average during financial year 2,913 3,131 3,077
Personnel, at end of financial year 2,751 3,086 3,005
Gross capital expenditure, EUR million 32.4 35.7 124.0
Gross capital expenditure, % of net sales 21.2% 21.7% 17.4%
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

64. Consolidated Cash flow statement
64
Appendix
Cash flow from operating activities (1 000 EUR) 1–3/13 1–3/12 1–12/12
Result before taxes 15,199 10,670 83,041
Adjustments
Depreciation, amortisation and impairment charges 30,073 29,512 117,943
Adjustment for proceeds from sale of used rental equipment 1,879 4,794 12,542
Financial income and expenses 2,806 1,671 9,413
Other adjustments −14,908 −980 −1,438
Change in working capital
Change in trade and other receivables 19,135 9,096 −15,367
Change in inventories −147 81 1,576
Change in non-interest-bearing current liabilities −2,385 −6,984 −11,577
Interest paid −2,624 −3,262 −12,293
Interest received 480 1,065 3,470
Income tax paid −7,443 −4,443 −13,325
Net cash generated from operating activities 42,064 41,219 173,985
Cash flow of investing activities
Acquisition of subsidiaries, net of cash − −10,038 −13,940
Investment in tangible non-current asset −28,992 −17,191 −99,177
Investment in intangible non-current assets −1,757 −7,706 −7,598
Proceeds from sale of tangible and intangible non-current assets (exc. Used rental equipment 54 105 897
Proceeds from sales of subsidiaries 9,200 − −
Loan receivables, increase, decrease and other changes −1,567 − −
Net cash flow of investing activities −23,062 −34,829 −119,818
Cash flow from financing activities
Dividends paid − − −30,147
Purchase of treasury shares − −2,714 −2,714
Borrowings and repayments of short-term debt (net) −14,563 −8,500 5,500
Proceeds from long-term borrowings 99,030 13,557 9,311
Repayments of long-term debt −12,370 −8,539 −37,211
Net cash flow of financing activities 72,096 −6,197 −55,261
Net change in cash and cash equivalents during the financial period 91,099 193 −1,094
Cash at the beginning of the period 1,338 2,431 2,431
Cash at the end of the period 92,437 2,625 1,338

65. Segment information: Net sales
65
Appendix
NET SALES 1–3/13
Restated*
1–3/12
Restated*
1–12/12
(MEUR)
FINLAND
- Net sales (external) 35.0 37.9 165.0
- Inter-segment sales 0.1 0.5 1.5
SWEDEN
- Net sales (external) 50.0 48.1 207.5
- Inter-segment sales 0.3 − 2.4
NORWAY
- Net sales (external) 38.1 43.7 173.6
- Inter-segment sales − 0.1 0.5
DENMARK
- Net sales (external) 9.1 9.8 44.6
- Inter-segment sales − − 0.1
EUROPE EAST
- Net sales (external) 9.7 12.0 63.0
- Inter-segment sales − 0.2 0.3
EUROPE CENTRAL
- Net sales (external) 11.0 12.8 60.4
- Inter-segment sales − 0.5 2.3
Elimination of sales between segments −0.4 −1.2 −7.1
NET SALES, TOTAL 152.8 164.3 714.1
Other operating income 11.2 0.4 3.0
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

66. Segment information: EBIT and EBIT-margin
66
Appendix
EBIT 1–3/12
Restated*
1–3/12
Restated*
1–12/12
(MEUR)
FINLAND 3.1 5.0 30.2
% of net sales 8.8% 12.9% 18.2%
SWEDEN 6.7 6.5 33.3
% of net sales 13.3% 13.5% 15.9%
NORWAY 4.3 3.9 22.2
% of net sales 11.4% 8.9% 12.8%
DENMARK −1.5 −0.2 1.6
% of net sales −16.0% −2.1% 3.6%
EUROPE EAST 11.0 −0.1 10.9
% of net sales 113.1% −0.6% 17.3%
EUROPE CENTRAL −5.2 −2.2 −1.6
% of net sales −47.5% −16.8% −2.5%
Net items not allocated to operating segments −0.4 −0.5 −4.2
GROUP EBIT 18.0 12.3 92.5
% of net sales 11.8% 7.5% 13.0%
*Retrospective application of amendment to IAS 19 affecting Sweden and Norway segments

67. For more information:
www.ramirent.com
Magnus Rosén, CEO
+358 20 750 2845
magnus.rosen@ramirent.com
Jonas Söderkvist, CFO
+358 20 750 3248
jonas.soderkvist@ramirent.com
Franciska Janzon, IR
+358 20 750 2859
franciska.janzon@ramirent.com