ࡱ> _` l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~<#܈ ~~4#܈ ~~8#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33Baltimore Maryland 21231&Williams Scotsman First Quarter&tWilliams Scotsman First Qua (1)&"Additional Information and Wher&>Unaudited Segment Operating Dat&QUnaudited Segment Operating (1)&[cUnaudited Segment Operating (2)&=Net Loss to Adjusted EBITDA non&[Loss from Continuing Operations&WLoss from Continuing Operat (1)&Net Capital Expenditures for ReݴContact Information l  C  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? !Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } $} 6       WillScot Corp 8-K 05/04/2018!Baltimore, Maryland 21231   ?/ 'Written communications pursuant to Rule 5 -425 under the Securities Act (17 CFR 230.425) ?3 +Soliciting material pursuant to Rule 14a-12 2 *under the Exchange Act (17 CFR 240.14a-12) ?0(Pre-commencement communications pursuant/'to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) ?0(Pre commencement communications pursuant/'to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c))$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6ymaI >P=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } 1} $       WillScot Corp 8-K 05/04/2018:2Williams Scotsman First Quarter 2018 Highlights1,2         $ Three Months Ended March 31,1 )Adjusted EBITDA by Segment (in thousands)~  ~   Modular - US~   ~ r % Modular - Other North America~ -  ~ 0 ( Modular Segments Adjusted EBITDA~ *~ ʢCorporate and Other ?~ "$Consolidated Adjusted EBITDA~ *~ V$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`THW*dXL$=PF0*8X> @        l   "  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } } $       WillScot Corp 8-K 05/04/2018:2Williams Scotsman First Quarter 2018 Highlights1,2         $ Three Months Ended March 31, (in thousands)~  ~  Consolidated net loss~ 6  ~ `  $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Txl`THr=PF0*8X> @B      l  >M08<  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } 0} $ >      WillScot Corp 8-K 05/04/20183+Additional Information and Where to Find It         $ Three Months Ended March 31,) !(in thousands, except share data)~  ~   Revenues:   % Leasing and services revenue:   Modular leasing~ ~ 5)!Modular delivery and installation~ *~ (Sales: New units~ t~ U Rental units~ ;~ R[Total revenues~ ~9~ Costs:&Costs of leasing and services:Modular leasing~ j~ z*)!Modular delivery and installation~ Ǝ~ VCosts of sales: New units~ M~ ": Rental units~ .$~ 9( Depreciation of rental equipment~ t~ B Gross Profit~ ~ P Expenses:+#Selling, general and administrative~ z~ +#Other depreciation and amortization~ &~ VD lsg[Of-5?w8 !"#$%&'()*+,-./0123456789:;<= Restructuring costs~    ~ r $!Currency losses (gains), net~ !!!~ !!#"Other (income) expense, net~ """~ " "#Operating income~ #E##~ #bK#$Interest expense~ $$$~ $V$%Interest income %?%%~ %%.&&Loss from continuing operations before~ &&&~ &n&' income tax(Income tax benefit~ (r((~ ((')Loss from continuing operations~ )6))~ )>),*$Income from discontinued operations, *?**~ *v"*+ net of tax,Net loss~ ,6,,~ ,`,0-(Net loss attributable to non-controlling~ --- -?-.interest, net of tax&/Total loss attributable to WSC~ /V//~ /`/00000001(Net (loss) income per share attributable11111"2to WSC ? basic and diluted3Continuing operations3{Gz33333333334Discontinued operations 4$?444333333?45Net loss per share5{Gz555ffffff56Weighted average shares666667Basic and diluted~ 7:Jg77~ 7w7)8!Cash dividends declared per share 8?88 8?89:$;____________________________1<)Created by Morningstar Document Research.0=(http://documentresearch.morningstar.com/@ D9vN8o#QR&^RF=PF0*8X> @"D==<<;;88887777555544443333////----,,,,****))))((((&&&&%%%%$$$$####""""!!!!      l  O  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } $4} $ } $} $ } $}  $ } $} $ } $       WillScot Corp 8-K 05/04/2018( Unaudited Segment Operating Data                 ) !Three Months Ended March 31, 2018/ '(in thousands, except for units on rent  Modular - US % Modular - Other North America  Corporate & Other  Total  and rates) Revenue~ s  ~    $?  ~ ~9  Gross profit~ b~ F@  $?  ~  Adjusted EBITDA~ ~ -  $?  ~  *1)Capital expenditures for rental equipment~ ~ b  $?  ~  R3+Modular space units on rent (average during~ F~ >U  ?  ~  M the period).&Average modular space utilization rate33333Q@ %LL@ %  ?  %  yQ@ %1)Average modular space monthly rental rate~ V~ v  $?  ~  Z/'Portable storage units on rent (average~ ~   ?  ~  during the period),$Average portable storage utilization33333Q@ %fffffK@ %  ?  %  33333Q@ % rate/'Average portable storage monthly rental~ ~   $?  ~   rate$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/B X~rfZaB4s=PF0*8X> @0                          l  Ta  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } $4} $ } $} $ } $}  $ } $} $ } $       WillScot Corp 8-K 05/04/2018( Unaudited Segment Operating Data                 ) !Three Months Ended March 31, 2017/ '(in thousands, except for units on rent  Modular - US % Modular - Other North America  Corporate & Other  Total  and rates) Revenue~ U  ~ n  ~   ~   Gross profit~ ^~ B~    ~  PAdjusted EBITDA~ r~ 0~  "  ~  V1)Capital expenditures for rental equipment~ X~    $?  ~  Vb3+Modular space units on rent (average during~  $~ 6K  ?  ~  >o the period).&Average modular space utilization rate33333R@ %33333sH@ %  ?  %  33333Q@ %1)Average modular space monthly rental rate~ ~ J  $?  ~  /'Portable storage units on rent (average~ ~   ?  ~  nduring the period),$Average portable storage utilizationfffffR@ %YJ@ %  ?  %  lR@ % rate/'Average portable storage monthly rental~ ~   $?  ~   rate$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/B X~rfZaB4s=PF0*8X> @0                          l  @p|}  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } 7} $ @      WillScot Corp 8-K 05/04/2018( Unaudited Segment Operating Data        ) !(in thousands, except share data)" March 31, 2018 (unaudited)  December 31, 2017      Assets   ! Cash and cash equivalents~ ,  ~  0(Trade receivables, net of allowances for~ ~ /'doubtful accounts at March 31, 2018 and/'December 31, 2017 of $5,659 and $4,845, respectively Inventories~ ~ 1)Prepaid expenses and other current assets~ :~ Total current assets~ d~ Rental equipment, net~ A~ J|?*"Property, plant and equipment, net~ ~ JGoodwill~ 2~ Intangible assets, net~ ~ δ Other non-current assets~ j5~ BTotal long-term assets~ V P~ >NN Total assets~ fnW~ V LiabilitiesAccounts payable~ ~ n{Accrued liabilities~ ~ BAccrued interest~ N~ B*D l~rfZ~B 3^(f>O !"#$%&'()*+,-./0123456789:;<=>?. &Deferred revenue and customer deposits~   ~  )!!Current portion of long-term debt~ !r!!~ !f!!"Total current liabilities~ "z ""~ "J "#Long-term debt~ #j(##~ ##&# $Deferred tax liabilities~ $F$$~ $`$.%&Deferred revenue and customer deposits~ %Z^%%~ %T%%&Other non-current liabilities~ &,&&~ &n.&'Long-term liabilities~ '<1''~ 'z/'(Total liabilities~ (@:((~ (‡8(%)Commitments and contingencies)))6*.Class A common stock: $0.0001 par, 400,000,000~ *"**~ *"*/+'shares authorized at March 31, 2018 and3,+December 31, 2017; 84,644,774 shares issued2-*and outstanding at both March 31, 2018 and.December 31, 20176/.Class B common stock: $0.0001 par, 100,000,000~ ///~ ///0'shares authorized at March 31, 2018 and21*December 31, 2017; 8,024,419 shares issued22*and outstanding at both March 31, 2018 and3December 31, 2017"4Additional paid-in-capital~ 444~ 44,5$Accumulated other comprehensive loss~ 555~ 556Accumulated deficit~ 6ߛ66~ 66"7Total shareholders' equity~ 7;77~ 77 8Non-controlling interest~ 888~ 889 Total equity~ 9N.99~ 99$:Total liabilities and equity~ :fnW::~ :V:;<$=____________________________1>)Created by Morningstar Document Research.0?(http://documentresearch.morningstar.com/D= l!b#ek4g4EvT=PF0*8X> @:G??>>==::::999988887777666655554444////****((((''''&&&&%%%%$$$$####""""!!!!       l   Ҍ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } 0.} $       WillScot Corp 8-K 05/04/2018<4Net Loss to Adjusted EBITDA non-GAAP Reconciliations         $ Three Months Ended March 31, (in thousands)~  ~  Net loss~ 6  ~ ` , $Income from discontinued operations, ?  ~ v"  net of tax'Loss from continuing operations~ 6~ >Income tax benefit~ r~ .&Loss from continuing operations before~ ~ n income taxInterest expense, net~ ~ X%Depreciation and amortization~ ~ #$Currency losses (gains), net~ ~ Restructuring costs~  ~ rIntegration costs~ ) ?"Stock compensation expense~  ? Other expense~ b~ Adjusted EBITDA~ *~ V$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D lvj^RFp,\F|Y@4(=PF0*8X> @         l  Ț  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operat (1)!Net Capital Expenditures for ReContact InformationU } 0.}  $                              WillScot Corp 8-K 05/04/2018SKLoss from Continuing Operations to Adjusted EBITDA non-GAAP Reconciliations             ) !Three Months Ended March 31, 2018 (in thousands)  Modular - US % Modular - Other North America  Total. &Loss from continuing operations before~   ~   ~    income taxesInterest expense, net~ b~ ~   %Depreciation and amortization~ e~ 4~   Currency losses, net~ v~  ~   Restructuring costs~  ~ *~    Integration costs~ ) ?~  ) "Stock compensation expense~  ?~    Other expense~ Z~  ~  b Adjusted EBITDA~ ~ -~  * $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/: _SG;/fJ2=PF0*8X> @"                l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Net Capital Expenditures for ReContact InformationU } 0.} $       WillScot Corp 8-K 05/04/2018SKLoss from Continuing Operations to Adjusted EBITDA non-GAAP Reconciliations                 ) !Three Months Ended March 31, 2017 (in thousands)  Modular - US % Modular - Other North America  Corporate & Other  Total. &Loss from continuing operations before~   ~ "  ~ X  ~ n   income taxesInterest expense, net~ ~ j~  rS  ~  X%Depreciation and amortization~ ~ 1~    ~  #Currency gains, net~ ~ ~    ~  Restructuring costs ? ?~  r  ~  r Other expense~ j~  ~  ^  ~  Adjusted EBITDA~ r~ 0~  "  ~  V$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6 _SG;/o6QXq=PF0*8X> @"$                    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)Contact InformationU } 6} $       WillScot Corp 8-K 05/04/2018MENet Capital Expenditures for Rental Equipment non-GAAP Reconciliation         $ Three Months Ended March 31, (in thousands)~  ~ * "Total purchase of rental equipment~    ~ z 0 (Total purchases of rental equipment from ?  ~ R discontinued operations0(Total purchases of rental equipment from~  ~ continuing operations.&Proceeds from sale of rental equipment~ ~ R[5-Net Capital Expenditures for Rental Equipment~ ~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4eYMA5_~[T=PF0*8X> @        l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/?? Baltimore Maryland 21231!Williams Scotsman First Quarter!Williams Scotsman First Qua (1)!Additional Information and Wher!Unaudited Segment Operating Dat!Unaudited Segment Operating (1)!Unaudited Segment Operating (2)!Net Loss to Adjusted EBITDA non!Loss from Continuing Operations!Loss from Continuing Operat (1)!Net Capital Expenditures for ReU } $} $       WillScot Corp 8-K 05/04/2018Contact Information   Investor Inquiries:    Mark Barbalatoinvestors@willscot.comMedia Inquiries:3+Scott Junk ____________________________RJscott.junk@willscot.com Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0sgO$ xA=PF0*8X> @ Root Entry FBook  #  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^