Hertz Investor Presentation Deck

LEADING LARGE COMPANY LEASING BUSINESS THROUGH DONLEN ■ ■ I ■ Donlen Overview One of the leading fleet lease and fleet management companies; founded in 1965 Corporate culture built around employee and customer satisfaction More than 600 corporate customers spanning a wide variety of industries In FY2019, Donlen generated normalized revenue¹ of $753M with 14% EBITDA margins Diverse portfolio of approximately 240K units under lease or management as of the end of May 2020 - Cars, light-duty trucks and vans, medium- and heavy-duty trucks, and equipment Core Solutions Fleet Funding Vehicle Maintenance Fuel Management DriverPoint® Telematics DONLEN A Hertz Company wheels 2018 Market Share² Other 7% 11% Solutions Offerings 13% 9% 13% Accident Management Vehicle Acquisition, Licensing, and Titling Fleet Administrative Services Fleet Management Market 25% Hertz dollar. Thrifty DONLEN 1. Excludes 2019 TRAC adjustments 2. Based on total funded units CAR RENTAL CAR RENTAL A Hertz Company 22% Additional Solutions element enterprise ****** Strictly Confidential Subject to CA/NDA KOD Key Growth Drivers ✓ Increasing govemment safety mandates ✓ Expanding green fleet initiatives and environmental regulations ✓ Increasing pressure on fleet owners to optimize costs Decreasing hardware and software costs Strategic Consulting Global Fleet Solutions Remarketing Integrated fleet management offerings from Donlen provide fleet owners with lower cost of ownership, reduced accidents, lower maintenance costs, and improved revenue productivity Total Management Solutions Truck / Equipment Services 29

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