Hertz Global Holdings, Inc · NASDAQ:HTZ

Hertz Global — Q2 2023 Earnings Presentation

10 slides from Hertz Global's earnings presentation, Jul 27, 2023

  1. Slide 1: Hertz Global Holdings, Inc. Q2 2023 Earnings Presentation

    Hertz Global Holdings, Inc. Q2 2023 Earnings Presentation July 27, 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 Alexandra Brooks Chair and Chief Executive Officer Chief Financial Officer 3

  4. Slide 4: Business Overview

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  5. Slide 5: Financial Highlights Q2 2023 Results

    FINANCIAL HIGHLIGHTS Q2 2023 RESULTS ADJUSTED MONTHLY REVENUE CORPORATE ADJUSTED EPS REVENUE PER EBITDA UNIT $2.4B $347M $0.72 $1,516 ADJUSTED NET CORP. LIQUIDITY OPERATING LEVERAGE CASH FLOW 1.7x $1.4B $91M Strong results reflect positive momentum in the business 5

  6. Slide 6: Strategic Initiatives

    STRATEGIC INITIATIVES Leading EV Platform Progress on Initiatives Excellence in Execution  Growing EV fleet across  Reposition Dollar and Thrifty brands  Increasing dispositions multiple OEM’s  New digital properties through retail and Carvana  Improved customer  Expanding EV offerings experie

  7. Slide 7: Financial Results Overview

    Hertz dollar. CAR RENTAL Financial Results Overview

  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 Q2 2023 Q2 2022 1H 2023 1H 2022 Total revenues $2,437 $2,344 $4,484 $4,154 Net income $139 $940 $335 $1,366 Diluted earnings per share $0.44 $1.13 $1.05 $1.93 Weighted-average diluted shares outstan

  9. Slide 9: Debt and Liquidity

    DEBT AND LIQUIDITY Non-vehicle Debt Maturity Profile*  Liquidity of $1.4B at June 30, 2023 • $682M unrestricted cash • $745M available under First Lien RCF  Q2 2023 cash flows reflect fleet investment for peak demand • Adjusted operating cash flow of $91M $500 • Adjusted free cash outflow of $423M

  10. Slide 10: Q&A

    Q&A

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