Hertz Investor Presentation Deck

STRATEGIC INITIATIVES - BIG 4 INITIATIVES DOE COST OUT ACTIONS Driving Cost Out... Total DOE ~$1.2B Annual Savings Labor Costs ¹ $1.2 ($0.4B) (36%) $0.21 $1.2 Net Collisions ($0.05B) (22%) $0.8 $0.25 $0.19 Q2 Actual (60%) YOY Q2 Actual (56%) YOY ex RSW fire 13 Maintenance² 2018 Actuals 2019 Actuals $0.2 $0.04 ($0.06B) (33%) $0.2 Theft and Recovery ($0.02B) (21%) $0.08 $0.1 2020 Outlook Hertz dollar. Thrifty DONLEN CAR RENTAL CAR RENTAL A Hertz Company $0.06 Q2 Actual (70%) YOY Q2 Actual (29%) YOY I ■ Strictly Confidential Subject to CA/ NDA Dynamics ROY spend in line with transactions Big 4 Initiatives...-($0.58B) Drive accountability, drive cost out... setup for 2021 Labor Costs ($0.4B) YOY Right-sized staff in response to current demand Reorganization Maintenance ($0.06B) YOY ✓ Stopped non-critical work ✓ Fleet deletion plan to capture profitable revenue Net Collisions ($0.05B) YoY Process implemented to further drive savings from damage liquidation sales ▪ Theft and Recovery ($0.02B) YoY Chip and Pin rollout Review of debit card policy in high risk areas 1. Labor Costs includes Field Personnel, Intemal & Outsourced Transporters, and Agency Commissions Concessions 2. Maintenance includes Car Washing Equipment 48

View entire presentation