Hertz Global Holdings, Inc · NASDAQ:HTZ

Hertz Global — Q1 2025 Earnings Presentation

15 slides from Hertz Global's earnings presentation, May 13, 2025

  1. Slide 1: Hertz Global Holdings, Inc. Q1 2025 Earnings Presentation

    HERTZ GLOBAL HOLDINGS, INC. Q1 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 | Q1 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 | Q1 2025 4

  5. Slide 5: Global Q1 Results – Year over Year

    GLOBAL Q1 RESULTS – YEAR OVER YEAR Q1 2024 Q1 2025 COMMENTARY REVENUE . . . . . . . . . . . . . . . . . $2.1B $1.8B (13)% Decrease was driven by lower volume and rate, see below. Decrease in volume was driven by smaller fleet, primarily resulting in TRANSACTION DAYS . . . . . . 36.9M 33.9M (8)% fewe

  6. Slide 6: Global Q1 Results – Sequential

    GLOBAL Q1 RESULTS – SEQUENTIAL Q4 2024 Q1 2025 COMMENTARY REVENUE . . . . . . . . . . . . . . . . . $2.0B $1.8B (11)% Decrease was driven by lower volume and rate, see below. Decrease in volume was driven by smaller fleet and seasonality of the TRANSACTION DAYS . . . . . . 36.0M 33.9M (6)% business.

  7. Slide 7: Building Blocks of Our Strategy

    BUILDING BLOCKS OF OUR STRATEGY METRIC TARGET COMMENTARY • Fleet refresh / transformative rotation out of high priced vehicles. Almost 40% of our Depreciation per vehicle sales in Q1 occurred through retail channels FLEET unit per month Under $300 • Refresh is ongoing, 70%+ of our core U.S. fleet is

  8. Slide 8: Debt and Liquidity

    DEBT AND LIQUIDITY NON-VEHICLE DEBT MATURITY PROFILE * SOLID LIQUIDITY POSITION • Liquidity of $1.2B as of March 31, 2025 • $626M of unrestricted cash $2,511 • $549M available under First Lien RCF $2,362 • Extension of $1.7B of First Lien RCF commitments to 2028 • Supports liquidity throughout the C

  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 INVESTOR PRESENTATION | Q4 2024 9

  10. Slide 10: Appendix

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  11. Slide 11: Non-GAAP Reconciliation

    NON-GAAP RECONCILIATION HERTZ GLOBAL HOLDINGS, INC. (In Millions) Q1 2025 Q4 2024 Q1 2024 RECONCILIATION OF GAAP TO NON-GAAP Adjusted Corporate EBITDA: MEASURE – ADJUSTED CORPORATE EBITDA Net Income (Loss) $(443) $(479) $(186) 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) Q1 2025 Q4 2024 Q1 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 $251 $414 $370 AND ADJUST

  13. Slide 13: Global Key Metrics

    GLOBAL KEY METRICS Transaction Days ("Days"; also referred to as "volume") ($ In Millions, Except Where Noted) Q1 2025 Q4 2024 Q1 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) Q1 2025 Q4 2024 Q1 2024 Available Rental Car Days Available Rental Car Days represents Average Rentable Vehicles multiplied Vehicle Utilization by the number of days in a given period. Transaction Days (In Thousands) 33,902 35,998 36,854 Average

  15. Slide 15: DOE per Day

    DOE PER DAY ($ In Millions, Except Where Noted) Q1 2025 Q4 2024 Q1 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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