Hertz Global Holdings, Inc · NASDAQ:HTZ

Hertz Global — Q4 2022 Earnings Presentation

11 slides from Hertz Global's earnings presentation, Feb 7, 2023

  1. Slide 1: Q4 and Full Year 2022 Earnings Presentation

    Hertz Global Holdings, Inc. Q4 and Full Year 2022 Earnings Presentation February 7, 2023

  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 forward-looking statements. Forward-looking statements will be used in the presentation: are not guarantees of p

  3. Slide 3: Agenda

    AGENDA BUSINESS FINANCIAL RESULTS OVERVIEW OVERVIEW Stephen Scherr Kenny Cheung Chair and Chief Executive Officer Chief Financial Officer 3

  4. Slide 4: Business Overview

    Business Overview

  5. Slide 5: Financial Highlights

    FINANCIAL HIGHLIGHTS Q4 2022 RESULTS ADJ. OPERATING REVENUE ADJ. CORP. EBITDA ADJUSTED EPS REVENUE PER UNIT* CASH FLOW $2.0B $309M $0.50 $1,485 $156M FY 2022 RESULTS REVENUE RECORD ADJ. CORP. EBITDA ADJUSTED EPS LIQUIDITY $8.7B $2.3B $3.74 $2.5B RECORD ADJ. OPERATING RECORD REVENUE PER UNIT* CASH FL

  6. Slide 6: Strategic Initiatives

    STRATEGIC INITIATIVES Leading EV Platform Expanding Distribution Excellence in Execution  Growing EV fleet across  Revitalizing the Dollar and  Increasing dispositions multiple OEM’s Thrifty rental brands through retail and Carvana  Expanding EV offerings –  Renewing longstanding  Utilizing ne

  7. Slide 7: Financial Results Overview

    Hertz Thriffy CAR RENTAL CAR RENTAL oe

  8. Slide 8: Global Financial Highlights and Key Metrics

    GLOBAL FINANCIAL HIGHLIGHTS AND KEY METRICS $ in millions, except per share data and key metrics GAAP Q4 2022 Q4 2021 FY 2022 FY 2021 Total revenues $2,035 $1,949 $8,685 $7,336 Net income (loss) attributable to Hertz Global* $116 ($260) $2,059 $366 Diluted earnings (loss) per share ($0.01) ($1.52) $

  9. Slide 9: Depreciation Dynamics

    DEPRECIATION DYNAMICS Depreciation per unit in $/month Retail Car Sales 400 260 25% 350 % Retail, Carvana sales 300 250 20% DPU in $/month Manheim index 250 240 15% 200 230 150 10% 100 220 50 210 5% 0 200 0% -50 Q1 22 Q2 22 Q3 22 Q4 22 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 est. Average gross depr. (all vehi

  10. Slide 10: Debt and Liquidity

    DEBT AND LIQUIDITY Non-vehicle Debt Maturity Profile*  Liquidity of $2.5B at December 31, 2022 • $943M unrestricted cash • $1.5B available under First Lien RCF  Record FY 2022 adjusted cash flows • Adjusted operating cash flow of $2.0B • Adjusted free cash flow of $1.5B $1,216 $1,000  Net Corpora

  11. Slide 11: Q&A

    Q&A

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