Hertz Global Holdings, Inc · NASDAQ:HTZ
Hertz Global — Q1 2022 Earnings Presentation
11 slides from Hertz Global's earnings presentation, Apr 27, 2022
Slide 1: Hertz Global Holdings, Inc. Q1 2022 Earnings Presentation
Hertz Global Holdings, Inc. Q1 2022 Earnings Presentation April 27, 2022
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
Slide 3: Agenda
AGENDA BUSINESS FINANCIAL RESULTS OVERVIEW OVERVIEW Stephen Scherr Kenny Cheung Chief Executive Officer Chief Financial Officer 3
Slide 4: Business Overview
BUSINESS OVERVIEW
Slide 5: Strategic Highlights: Q1 2022 Key Business Metrics
STRATEGIC HIGHLIGHTS Q1 2022 KEY BUSINESS METRICS ADJUSTED MONTHLY REVENUE CORPORATE ADJUSTED EPS REVENUE PER EBITDA UNIT $1.8B $614M $0.87 $1,326 ADJUSTED NET CORP. LIQUIDITY OPERATING LEVERAGE CASH FLOW 0.5x $2.7B $677M Leveraging technology, talent, brand and a strong financial position to advanc
Slide 6: Progress on Strategic Initiatives
PROGRESS ON STRATEGIC INITIATIVES Expanded Customer Electric Vehicles & Fleet Digitization Channels Diversification ▪ Diversifying customer base ▪ Teslas now available in multiple ▪ Cloud-based API architecture to (RAC, ride sharing, corporate) markets across ride sharing and enable co-development w
Slide 7: Financial Results Overview
Financial Results Overview
Slide 8: Global Financial Highlights and Key Metrics
GLOBAL FINANCIAL HIGHLIGHTS AND KEY METRICS $ in millions, except per share data and key metrics GAAP Q1 2022 Q1 2021 Total revenues $1,810 $1,289 Net income attributable to Hertz Global $426 $190 Diluted earnings per share $0.82 $1.21 Weighted-average diluted shares outstanding 461M 157M Cash flows
Slide 9: Depreciation Dynamics
DEPRECIATION DYNAMICS Depreciation per unit in $/month/vehicle* 350 300 250 200 DPU in $/month 150 100 50 0 -50 -100 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 Average gross depr. (excl. fully depreciated) Net depreciation per unit Gains on disposition exceed gross depreciation *Q2 2021 gross depreciation is an
Slide 10: Debt and Liquidity
DEBT AND LIQUIDITY Non-vehicle Debt Maturity Profile* ▪ Liquidity of $2.7B at March 31, 2022 • $1.5B unrestricted cash • Nearly $1.2B available under First Lien RCF • Adjusted Operating Cash Flow $677M ▪ Net Corporate Leverage of 0.5x • No material non-vehicle debt maturities until 2026 $1,216 $1,00
Slide 11: Car Rental
CAR RENTAL oe
Hertz Global Holdings — Q1 2022 Earnings Presentation on 6ix