NEFF CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

JUNE 30, 2015

(in thousands)



	Neff Rental LLC			Neff LLC		Neff Holdings LLC		Neff Corporation			Eliminations			Total
ASSETS

Cash and cash equivalents	$	223		$	—	$	—	$	2		$	—		$	225
Accounts receivable, net	59,490			—		—		—			—			59,490
Inventories	2,109			—		—		—			—			2,109
Rental equipment, net	479,491			—		—		—			—			479,491
Property and equipment, net	35,575			—		—		—			—			35,575
Prepaid expenses and other assets	17,276			—		—		—			—			17,276
Goodwill	58,765			—		—		—			—			58,765
Investment in subsidiary	—			42,080		42,080		156,244			(240,404		)	—
Intercompany	6,490			—		—		(6,490		)	—			—
Intangible assets, net	15,957			—		—		—			—			15,957
Total assets	$	675,376		$	42,080	$	42,080	$	149,756		$	(240,404	)	$	668,888

LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT

Liabilities
Accounts payable	$	21,370		$	—	$	—	$	—		$	—		$	21,370
Accrued expenses and other liabilities	29,966			—		—		120			—			30,086
Revolving credit facility	293,000			—		—		—			—			293,000
Second lien loan, net	476,833			—		—		—			—			476,833
Payable pursuant to tax receivable agreement	—			—		—		28,670			—			28,670
Deferred tax liability, net	—			—		—		6,617			—			6,617
Total liabilities	821,169			—		—		35,407			—			856,576

Stockholders' deficit / members' deficit
Class A Common Stock	—			—		—		105			—			105
Class B Common Stock	—			—		—		150						150
Additional paid-in capital	—			—		—		34,349			(146,143		)	(111,794		)
Retained earnings	—			—		—		9,947			—			9,947
Members' deficit	(187,873		)	—		—		—			187,873			—
Accumulated surplus	42,080			42,080		42,080		—			(126,240		)	—
Total stockholders' deficit / members' deficit	(145,793		)	42,080		42,080		44,551			(84,510		)	(101,592		)
Non-controlling interest	—			—		—		69,798			(155,894		)	(86,096		)
Total stockholders' deficit / members' deficit and non-controlling interest	(145,793		)	42,080		42,080		114,349			(240,404		)	(187,688		)
Total liabilities and stockholders' deficit / members' deficit and non-controlling interest	$	675,376		$	42,080	$	42,080	$	149,756		$	(240,404	)	$	668,888

NEFF CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET

DECEMBER 31, 2014

(in thousands)



	Neff Rental LLC			Neff LLC		Neff Holdings LLC		Neff Corporation			Eliminations			Total
ASSETS

Cash and cash equivalents	$	205		$	—	$	—	$	2		$	—		$	207
Accounts receivable, net	66,375			—		—		—			—			66,375
Inventories	2,005			—		—		—			—			2,005
Rental equipment, net	420,245			—		—		—			—			420,245
Property and equipment, net	30,210			—		—		—			—			30,210
Prepaid expenses and other assets	16,959			—		—		—			—			16,959
Goodwill	58,765			—		—		—			—			58,765
Investment in subsidiary	—			25,627		25,627		148,791			(200,045		)	—
Intercompany	6,206			—		—		(6,206		)	—			—
Intangible assets, net	16,600			—		—		—			—			16,600
Total assets	$	617,570		$	25,627	$	25,627	$	142,587		$	(200,045	)	$	611,366

LIABILITIES AND STOCKHOLDERS' DEFICIT / MEMBERS' DEFICIT

Liabilities
Accounts payable	$	27,389		$	—	$	—	$	—		$	—		$	27,389
Accrued expenses and other liabilities	31,188			—		—		15			—			31,203
Revolving credit facility	245,200			—		—		—			—			245,200
Second lien loan, net	476,713			—		—		—			—			476,713
Payable pursuant to tax receivable agreement	—			—		—		31,557			—			31,557
Deferred tax liability, net	—			—		—		5,405			—			5,405
Total liabilities	780,490			—		—		36,977			—			817,467

Stockholders' deficit / members' deficit
Class A Common Stock	—			—		—		105			—			105
Class B Common Stock	—			—		—		150						150
Additional paid-in capital	—			—		—		33,958			(146,143		)	(112,185		)
Retained earnings	—			—		—		1,599			—			1,599
Members' deficit	(188,547		)	—		—		—			188,547			—
Accumulated surplus	25,627			25,627		25,627		—			(76,881		)	—
Total stockholders' deficit / members' deficit	(162,920		)	25,627		25,627		35,812			(34,477		)	(110,331		)
Non-controlling interest	—			—		—		69,798			(165,568		)	(95,770		)
Total stockholders' deficit / members' deficit and non-controlling interest	(162,920		)	25,627		25,627		105,610			(200,045		)	(206,101		)
Total liabilities and stockholders' deficit / members' deficit and non-controlling interest	$	617,570		$	25,627	$	25,627	$	142,587		$	(200,045	)	$	611,366

NEFF CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THREE MONTHS ENDED JUNE 30, 2015

(in thousands)



	Neff Rental LLC			Neff LLC		Neff Holdings LLC		Neff Corporation			Eliminations			Total
Revenues
Rental revenues	$	84,820		$	—	$	—	$	—		$	—		$	84,820
Equipment sales	6,174			—		—		—			—			6,174
Parts and service	3,233			—		—		—			—			3,233
Total revenues	94,227			—		—		—			—			94,227
Cost of revenues
Cost of equipment sold	4,058			—		—		—			—			4,058
Depreciation of rental equipment	21,213			—		—		—			—			21,213
Cost of rental revenues	19,511			—		—		—			—			19,511
Cost of parts and service	1,807			—		—		—			—			1,807
Total cost of revenues	46,589			—		—		—			—			46,589
Gross profit	47,638			—		—		—			—			47,638
Other operating expenses
Selling, general and administrative expenses	22,468			—		—		—			—			22,468
Other depreciation and amortization	2,657			—		—		—			—			2,657
Total other operating expenses	25,125			—		—		—			—			25,125
Income from operations	22,513			—		—		—			—			22,513
Other (income) expenses
Interest expense	10,753			—		—		—			—			10,753
Adjustment to tax receivable agreement	—			—		—		(3,408		)	—			(3,408		)
Gain on interest rate swap	(1,007		)	—		—		—			—			(1,007		)
Amortization of debt issue costs	381			—		—		—			—			381
Total other (income) expenses	10,127			—		—		(3,408		)	—			6,719
Income before income taxes	12,386			—		—		3,408			—			15,794
Equity earnings in subsidiaries	—			12,373		12,373		5,098			(29,844		)	—
Provision for income taxes	(13		)	—		—		(1,087		)	—			(1,100		)
Net income	12,373			12,373		12,373		7,419			(29,844		)	14,694
Less: net income attributable to non-controlling interest	7,275			7,275		7,275		—			(14,550		)	7,275
Net income attributable to Neff Corporation	$	5,098		$	5,098	$	5,098	$	7,419		$	(15,294	)	$	7,419

NEFF CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE SIX MONTHS ENDED JUNE 30, 2015

(in thousands)



	Neff Rental LLC			Neff LLC		Neff Holdings LLC		Neff Corporation			Eliminations			Total
Revenues
Rental revenues	$	158,961		$	—	$	—	$	—		$	—		$	158,961
Equipment sales	12,961			—		—		—			—			12,961
Parts and service	6,391			—		—		—			—			6,391
Total revenues	178,313			—		—		—			—			178,313
Cost of revenues
Cost of equipment sold	8,390			—		—		—			—			8,390
Depreciation of rental equipment	40,727			—		—		—			—			40,727
Cost of rental revenues	37,370			—		—		—			—			37,370
Cost of parts and service	3,570			—		—		—			—			3,570
Total cost of revenues	90,057			—		—		—			—			90,057
Gross profit	88,256			—		—		—			—			88,256
Other operating expenses
Selling, general and administrative expenses	44,758			—		—		—			—			44,758
Other depreciation and amortization	5,118			—		—		—			—			5,118
Total other operating expenses	49,876			—		—		—			—			49,876
Income from operations	38,380			—		—		—			—			38,380
Other (income) expenses
Interest expense	21,267			—		—		—			—			21,267
Adjustment to tax receivable agreement	—			—		—		(2,887		)	—			(2,887		)
Gain on interest rate swap	(119		)	—		—		—			—			(119		)
Amortization of debt issue costs	752			—		—		—			—			752
Total other (income) expenses	21,900			—		—		(2,887		)	—			19,013
Income before income taxes	16,480			—		—		2,887			—			19,367
Equity earnings in subsidiaries	—			16,453		16,453		6,779			(39,685		)	—
Provision for income taxes	(27		)	—		—		(1,318		)	—			(1,345		)
Net income	16,453			16,453		16,453		8,348			(39,685		)	18,022
Less: net income attributable to non-controlling interest	9,674			9,674		9,674		—			(19,348		)	9,674
Net income attributable to Neff Corporation	$	6,779		$	6,779	$	6,779	$	8,348		$	(20,337	)	$	8,348

NEFF CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL UNAUDITED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2015

(in thousands)



	Neff Rental LLC			Neff LLC			Neff Holdings LLC			Neff Corporation			Eliminations			Total
Cash Flows from Operating Activities
Net income	$	16,453		$	16,453		$	16,453		$	8,348		$	(39,685	)	$	18,022
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	45,202			—			—			—			—			45,202
Amortization of debt issue costs	752			—			—			—			—			752
Amortization of intangible assets	643			—			—			—			—			643
Amortization of original issue discount on second lien loan	120			—			—			—			—			120
Gain on sale of equipment	(4,571		)	—			—			—			—			(4,571		)
Provision for bad debt	825			—			—			—			—			825
Equity-based compensation	674			—			—			—			—			674
Deferred income taxes	—			—			—			1,212			—			1,212
Adjustment to tax receivable agreement	—			—			—			(2,887		)	—			(2,887		)
Unrealized gain on interest rate swap	(218		)	—			—			—			—			(218		)
Equity earnings in subsidiaries	—			(16,453		)	(16,453		)	(6,779		)	39,685			—
Changes in operating assets and liabilities:
Accounts receivable	6,060			—			—			—			—			6,060
Inventories, prepaid expenses and other assets	(955		)	—			—			—			—			(955		)
Accounts payable	(2,271		)	—			—			—			—			(2,271		)
Accrued expenses and other liabilities	(2,010		)	—			—			105			—			(1,905		)
Net cash provided by (used in) operating activities	60,704			—			—			(1		)	—			60,703
Cash Flows from Investing Activities
Purchases of rental equipment	(111,095		)	—			—			—			—			(111,095		)
Proceeds from sale of equipment	12,961			—			—			—			—			12,961
Purchases of property and equipment	(10,068		)	—			—			—			—			(10,068		)
Net cash used in investing activities	(108,202		)	—			—			—			—			(108,202		)
Cash Flows from Financing Activities
Repayments under revolving credit facility	(53,111		)	—			—			—			—			(53,111		)
Borrowings under revolving credit facility	100,911			—			—			—			—			100,911
Payment of costs directly associated with the issuance of Class A common stock	—			—			—			(283		)	—			(283		)
Intercompany	(284		)	—			—			284			—			—
Net cash provided by financing activities	47,516			—			—			1			—			47,517
Net increase in cash and cash equivalents	18			—			—			—			—			18
Cash and cash equivalents, beginning of period	205			—			—			2			—			207
Cash and cash equivalents, end of period	$	223		$	—		$	—		$	2		$	—		$	225