Hertz Global Holdings, Inc · NASDAQ:HTZ
Hertz Global — Q1 2026 Earnings Presentation
17 slides from Hertz Global's earnings presentation, May 7, 2026
Slide 1: Hertz Global Holdings, Inc. Q1 2026 Earnings Presentation
HERTZ GLOBAL HOLDINGS, INC. Q1 2026 EARNINGS PRESENTATION
Slide 2: Important Disclosures
I M P O R TAN T D I S C L O S U R E S FORWARD-LOOKING STATEMENTS NON-GAAP MEASURES AND KEY METRICS Certain statements made within this presentation contain The following non-GAAP measures and key metrics are used in the forward-looking statements. Forward-looking statements are presentation: not gua
Slide 3: Hertz – A Global Leader in Car Rental
H E R T Z – A G L O B A L L E A D E R I N C A R R E N TA L Over 100 years of operations ~11,000* ~$8.5B 500K+ locations annual revenue vehicles ~160* ~26,000 ~24M countries employees annual rentals INVESTOR PRESENTATION | Q1 2026 *includes company operated and franchisee locations Note: Data For Ful
Slide 4: Hertz Global Brands
HERTZ GLOBAL BRANDS Multiple brands provide customers a full range of mobility services INVESTOR PRESENTATION | Q1 2026 4
Slide 5: Back-to-Basics Building Blocks
BACK-TO-BASICS BUILDING BLOCKS METRIC TARGET COMMENTARY • Fleet refresh is complete, maintaining optimal hold strategy going forward Depreciation per • Achieved $300 DPU for 2025. Fleet strategy implemented to maintain $300 DPU in 2026. FLEET unit per month Under $300 • Model Year 2026 buys have lan
Slide 6: Mobility Market Opportunity
MOBILITY MARKET OPPORTUNITY INVESTOR PRESENTATION | Q1 2026 6
Slide 7: Oro Mobility
ORO MOBILITY INVESTOR PRESENTATION | Q1 2026 7
Slide 8: Hertz Mobility Evolution
HERTZ MOBILITY EVOLUTION INVESTOR PRESENTATION | Q1 2026 8
Slide 9: Global Q1 Results – Year over Year
G L O B AL Q 1 R E S U LT S – Y E AR O V E R Y E AR Q1 2025 Q1 2026 COMMENTARY Strongest year-over-year revenue growth in three years through structural REVENUE $1.8B $2.0B 11% improvements to commercial strategies Gaining traction towards our North Star RPU metric despite recall RPU $1,294 $1,353 5
Slide 10: Debt and Liquidity
D E B T AN D L I Q U I D I T Y LIQUIDITY POSITION • Liquidity of $837M as of March 31, 2026 • $583M of unrestricted cash • $254M available under First Lien RCF • $0.6B of excess fair market value cushion in ABS facilities globally • Settlement of $346M of "make-whole" claims in January 2026 • In Apr
Slide 11: Contact Us
C O N TAC T U S Hertz Global Holdings, Inc. Investor Relations 8501 Williams Rd, Estero, FL 33928 Investorrelations@hertz.com
Slide 12: Appendix
APPENDIX
Slide 13: Non-GAAP Reconciliation
N O N - G A A P R E C O N C I L I AT I O N HERTZ GLOBAL HOLDINGS, INC. (In Millions) Q1 2026 Q1 2025 RECONCILIATION OF GAAP TO NON-GAAP Adjusted Corporate EBITDA: MEASURE – ADJUSTED CORPORATE EBITDA Net Income (Loss) $(333) $(443) Adjusted Corporate EBITDA represents income or loss attributable to t
Slide 14: Non-GAAP Reconciliation
N O N - G A A P R E C O N C I L I AT I O N HERTZ GLOBAL HOLDINGS, INC. (In Millions) Q1 2026 Q1 2025 RECONCILIATION OF GAAP TO NON-GAAP Adjusted Operating Cash Flow And Adjusted Free Cash Flow: MEASURES – ADJUSTED OPERATING CASH FLOW Net cash provided by (used in) operating activities $20 $251 AND A
Slide 15: Global Key Metrics
G L O B AL K E Y M E T R I C S Transaction Days ("Days"; also referred to as "volume") ($ In Millions, Except Where Noted) Q1 2026 Q1 2025 Transaction Days represents the total number of 24-hour periods, with any partial period counted as one Transaction Day, that vehicles were on rent Total RPD (th
Slide 16: Global Key Metrics
G L O B AL K E Y M E T R I C S ($ In Millions, Except Where Noted) Available Car Days Q1 2026 Q1 2025 Available Car Days represents Average Rentable Vehicles multiplied by the Vehicle Utilization number of days in a given period. Transaction Days (In Thousands) 34,893 33,902 Average Vehicles ("Fleet
Slide 17: Adjusted DOE per Day
AD J U S T E D D O E P E R D AY ($ In Millions, Except Where Noted) Adjusted Direct Operating Expense per Transaction Day (“Adjusted DOE per Q1 2026 Q1 2025 Day”) Adjusted DOE per Transaction Day Adjusted DOE per Day is calculated as Direct Operating Expenses - as reported, exclusive of the impacts
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