Hertz Global Holdings, Inc · NASDAQ:HTZ
Hertz Global — Q4 2021 Earnings Presentation
15 slides from Hertz Global's earnings presentation, Feb 23, 2022
Slide 1: Hertz Global Holdings, Inc. Q4 2021 Earnings Presentation
Hertz Global Holdings, Inc. Q4 2021 Earnings Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements made within this presentation contain forward-looking statements. Forward-looking statements are not guarantees of performance and by their nature are subject to inherent uncertainties. Actual results may differ materially. Any forward-looking informatio
Slide 3: Non-GAAP Measures and Key Metrics
Non-GAAP Measures and Key Metrics The following non-GAAP measures¹ and key metrics¹ will be used in the presentation: • Adjusted Corporate EBITDA • Adjusted Corporate EBITDA Margin • Adjusted Diluted EPS • Adjusted Operating Cash Flow • Adjusted Free Cash Flow • Total Revenue Per Unit Per Month • De
Slide 4: Agenda
Agenda FINANCIAL RESULTS BUSINESS OVERVIEW OVERVIEW Mark Fields Kenny Cheung Interim Chief Executive Officer Chief Financial Officer Hertz Global Holdings, Inc. Hertz Global Holdings, Inc. 4
Slide 5: Business Overview
Hertz dollar. 7érifk, CAR RENTAL CAR RENTAL « Business Overview
Slide 6: Recent Key Milestones: Hertz Momentum Continues
Recent Key Milestones Hertz Momentum Continues Oct Nov Nov Dec Feb Feb Strategic Listing of Common Preferred CEO UFODRIVE relationships common stock stock stock and repurchases repurchased warrants Board approves Bond proceeds Hertz announces Stephen Scherr Hertz invests in $2.0B of stock and cash u
Slide 7: Priorities to Lead the Future of Mobility and Travel
Priorities to Lead the Future of Mobility and Travel Excellence in Executing the Fundamentals “Customer First” Mentality Innovate Relentlessly Lead the Adoption of Electric Vehicles Invest in Our Future Optimizing all Aspects of Operations Promotes Profitable Growth 7
Slide 8: Positioning Hertz at the Center of the Modern Mobility Ecosystem
Positioning Hertz at the Center of the Modern Mobility Ecosystem Fleet Asset Parking / Charging Cleaning & Fleet Acquisition Financing Utilization Storage Infrastructure Maintenance Disposals Electric Vehicles Ride Sharing Digital DTC Sales Customers can rent Teslas in multiple Program to rent T
Slide 9: Executing on the Fundamentals
Executing on the Fundamentals Customer experience People Technology Environment Touchless rental Real-time compensation Telematics: majority US Establishing short- and App enhancements based on competitive fleet rolled out this year long-term emissions analytics Uber driver app API targe
Slide 10: Financial Results Overview
Hertz Petty yy CAR RENTAL CAR RENTAL Financial Results Overview
Slide 11: Financial Highlights: Global Business Results
Financial Highlights Global Business Results Measure Q4 2021 Q4 2019 FY 2021 FY 2019 Adjusted Corporate EBITDA1 $628M $54M $2,130M $649M Adjusted Corporate EBITDA margin 32% 2% 29% 7% Adjusted Diluted EPS $0.91 ($0.24) $4.39 $1.44 Total Revenue Per Unit Per Month (RPU) $1,389 $1,063 $1,389 $1,081 Av
Slide 12: Depreciation Dynamics
Depreciation Dynamics Depreciation per unit in $/month/vehicle over the year 350 300 250 DPU in $/month 200 150 100 50 0 Q1 21 Q2 21 Q3 21 Q4 21 Average gross depr. (excl. fully depreciated) Net depreciation per unit Q2 is an outlier, attributable to a large increase in fully depreciated vehicles di
Slide 13: Transformed Cost Structure with Additional Opportunity
Transformed Cost Structure with Additional Opportunity Structural Cost Reduction Through Restructuring Achievements $’M Achieved $500M of cost reduction during restructuring of which $200M may return with volume recovery Closed low margin sites Facilities & Improved partnership agreement econo
Slide 14: Debt and Liquidity
Debt and Liquidity Non-vehicle Debt Maturity Profile* Overview: $’M Liquidity of $3.2B at YE 2021 • $2.3B unrestricted cash • $925M available under First Lien RCF • Adjusted Operating Cash Flow $573M $1,255 $1.5B Senior Notes issued during Q4 2021 • Proceeds used to redeem preferred shares $1,21
Slide 15: Hertz Dollar Car Rental
Hertz dollar. CAR RENTAL
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