Hertz Global Holdings, Inc · NASDAQ:HTZ

Hertz Global — Q3 2025 Earnings Presentation

15 slides from Hertz Global's earnings presentation, Nov 4, 2025

  1. Slide 1: Hertz Global Holdings, Inc. Q3 2025 Earnings Presentation

    HERTZ GLOBAL HOLDINGS, INC. Q3 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 | Q3 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 | Q3 2025 4

  5. Slide 5: Back-to-Basics Building Blocks

    BACK-TO-BASICS BUILDING BLOCKS METRIC TARGET COMMENTARY • Fleet refresh is complete, marking a major milestone for the Company's transformation Depreciation per • Achieved sub-$300 DPU again in Q3 2025. We expect this trend to continue in a stable/ FLEET unit per month Under $300 positive residual v

  6. Slide 6: Global Q3 Results – Year over Year

    GLOBAL Q3 RESULTS – YEAR OVER YEAR Q3 2024 Q3 2025 COMMENTARY REVENUE . . . . . . . . . . . . . . . . . . $2.6B $2.5B (4)% Decrease was primarily driven by lower fleet levels. Decrease reflects impact of market pricing. Year-over-year RPU sequentially RPU . . . . . . . . . . . . . . . . . . . . . .

  7. Slide 7: Global Q3 Results – Sequential

    GLOBAL Q3 RESULTS – SEQUENTIAL Q2 2025 Q3 2025 COMMENTARY Increase reflects the seasonal nature of the business, with sequential year- REVENUE . . . . . . . . . . . . . . . . . . $2.2B $2.5B 13% over-year improvement 3 percentage points higher than in 2024. Increase reflects the seasonal nature of t

  8. Slide 8: Debt and Liquidity

    DEBT AND LIQUIDITY NON-VEHICLE DEBT MATURITY PROFILE * SOLID LIQUIDITY POSITION • Liquidity of $2.2B as of September 30, 2025 $2,521 o $1.1B of unrestricted cash o $1.1B available under First Lien RCF $1,870 • Issuance of $425M 5.50% Exchangeable Notes due 2030 • $1B of excess fair market value cush

  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

  10. Slide 10: Appendix

    APPENDIX

  11. Slide 11: Non-GAAP Reconciliation

    NON-GAAP RECONCILIATION HERTZ GLOBAL HOLDINGS, INC. (In Millions) Q3 2025 Q2 2025 Q3 2024 RECONCILIATION OF GAAP TO NON-GAAP Adjusted Corporate EBITDA: MEASURE – ADJUSTED CORPORATE EBITDA Net Income (Loss) $184 $(294) $(1,332) 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) Q3 2025 Q2 2025 Q3 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 $835 $346 $894 AND ADJUST

  13. Slide 13: Global Key Metrics

    GLOBAL KEY METRICS Transaction Days ("Days"; also referred to as "volume") ($ In Millions, Except Where Noted) Q3 2025 Q2 2025 Q3 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) Q3 2025 Q2 2025 Q3 2024 Available Car Days Available Car Days represents Average Rentable Vehicles multiplied by the Vehicle Utilization number of days in a given period. Transaction Days (In Thousands) 40,884 38,695 41,298 Average Vehicles ("Fl

  15. Slide 15: DOE per Day

    DOE PER DAY ($ In Millions, Except Where Noted) Q3 2025 Q2 2025 Q3 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

Hertz Global Holdings — Q3 2025 Earnings Presentation on 6ix