Hertz Global Holdings, Inc · NASDAQ:HTZ

Hertz Global — Q2 2025 Earnings Presentation

15 slides from Hertz Global's earnings presentation, Aug 7, 2025

  1. Slide 1: Hertz Global Holdings, Inc. Q2 2025 Earnings Presentation

    HERTZ GLOBAL HOLDINGS, INC. Q2 2025 EARNINGS PRESENTATION

  2. Slide 2: Important Disclosures

    IMPORTANT DISCLOSURES 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 guarantees of futur

  3. Slide 3: Hertz – A Global Leader in Car Rental

    HERTZ – A GLOBAL LEADER IN CAR RENTAL Over 100 years of operations ~11,200* ~$9.0B ~560K locations annual revenue vehicles ~160* ~26,000 ~25M countries employees annual rentals INVESTOR PRESENTATION | Q2 2025 *includes company operated and franchisee locations Note: Data For Full Year 2024 3

  4. Slide 4: Hertz Global Brands

    HERTZ GLOBAL BRANDS Multiple brands provide customers a full range of mobility services INVESTOR PRESENTATION | Q2 2025 4

  5. Slide 5: Building Blocks of Our Strategy

    BUILDING BLOCKS OF OUR STRATEGY METRIC TARGET COMMENTARY • Achieved sub-$300 DPU in Q2 2025. We expect this trend to continue in a stable/positive Depreciation per residual value environment FLEET unit per month Under $300 • Model Year 2025 deals support target with vehicle orders secured at pre-tar

  6. Slide 6: Global Q2 Results – Year over Year

    GLOBAL Q2 RESULTS – YEAR OVER YEAR Q2 2024 Q2 2025 COMMENTARY REVENUE . . . . . . . . . . . . . . . . . . $2.4B $2.2B (7)% Decrease was driven by lower fleet and pricing in market. Decrease reflects a margin-enhancing shift in our fleet mix to better align RPU . . . . . . . . . . . . . . . . . . . .

  7. Slide 7: Global Q2 Results – Sequential

    GLOBAL Q2 RESULTS – SEQUENTIAL Q1 2025 Q2 2025 COMMENTARY Increase reflects the seasonal nature of the business, with sequential REVENUE . . . . . . . . . . . . . . . . . . $1.8B $2.2B 21% improvement 7 percentage points higher than in 2024. Increase reflects the seasonal nature of the business and

  8. Slide 8: Debt and Liquidity

    DEBT AND LIQUIDITY NON-VEHICLE DEBT MATURITY PROFILE * SOLID LIQUIDITY POSITION • Liquidity of $1.4B as of June 30, 2025 $2,511 • $503M of unrestricted cash • $946M available under First Lien RCF $2,008 • Extension of $1.7B of First Lien RCF commitments to 2028 • Supports liquidity throughout the Co

  9. Slide 9: Contact Us

    CONTACT US Hertz Global Holdings, Inc. Johann Rawlinson Investor Relations Vice President Investor Relations 8501 Williams Rd, Estero, FL 33928 Krista Carey Senior Director Investor Relations Investorrelations@hertz.com

  10. Slide 10: Appendix

    APPENDIX

  11. Slide 11: Non-GAAP Reconciliation

    NON-GAAP RECONCILIATION HERTZ GLOBAL HOLDINGS, INC. (In Millions) Q2 2025 Q1 2025 Q2 2024 RECONCILIATION OF GAAP TO NON-GAAP Adjusted Corporate EBITDA: MEASURE – ADJUSTED CORPORATE EBITDA Net Income (Loss) $(294) $(443) $(865) Adjusted Corporate EBITDA represents income or loss attributable to the A

  12. Slide 12: Non-GAAP Reconciliation

    NON-GAAP RECONCILIATION HERTZ GLOBAL HOLDINGS, INC. (In Millions) Q2 2025 Q1 2025 Q2 2024 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 $346 $251 $546 AND ADJUST

  13. Slide 13: Global Key Metrics

    GLOBAL KEY METRICS Transaction Days ("Days"; also referred to as "volume") ($ In Millions, Except Where Noted) Q2 2025 Q1 2025 Q2 2024 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 (the pe

  14. Slide 14: Global Key Metrics

    GLOBAL KEY METRICS ($ In Millions, Except Where Noted) Q2 2025 Q1 2025 Q2 2024 Available Car Days Available Car Days represents Average Rentable Vehicles multiplied by the Vehicle Utilization number of days in a given period. Transaction Days (In Thousands) 38,695 33,902 39,721 Average Vehicles ("Fl

  15. Slide 15: DOE Per Day

    DOE PER DAY ($ In Millions, Except Where Noted) Q2 2025 Q1 2025 Q2 2024 Direct Operating Expense per Transaction Day (“DOE per Day”) DOE per Day is calculated as Direct Operating Expenses divided by the DOE per Transaction Day – as reported number of Transaction Days during the period. DOE per Day i

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