HireRight Results Presentation Deck
Disclaimer
Forward-Looking Statements
This document and any accompanying oral presentation by the Company contain forward-looking statements within the meaning of the federal securities laws. You can often identify forward-looking statements
by the fact that they do not relate strictly to historical or current facts, or by their use of words such as "anticipate," "estimate," "expect," "project," "forecast," "plan," "intend," "believe," "seek," "could," "targets,"
"potential," "may," "will," "should," "can have," "likely," "continue," and other terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other
events. Forward-looking statements may include, but are not limited to, statements concerning our anticipated financial performance, including, without limitation, Revenue, profitability, Net Income (Loss),
Adjusted EBITDA, Adjusted Net Income, Adjusted EBITDA Margin, Earnings Per Share, Adjusted Diluted Earnings Per Share, and Cash Flow; strategic objectives; investments in our business, including
development of our technology and introduction of new offerings; sales growth and customer relationships; our competitive differentiation; our market share and leadership position in the industry; market
conditions, trends, and opportunities; future operational performance; pending or threatened claims or regulatory proceedings; and factors that could affect these and other aspects of our business. Forward-
looking statements are not guarantees. They reflect our current expectations and projections with respect to future events and are based on assumptions and estimates and subject to known and unknown
risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements.
Factors that could affect the outcome of the forward-looking statements include, among other things, our vulnerability to adverse economic conditions, including without limitation, inflation and recession, which
could increase our costs and suppress our labor market activity and our revenue; the aggressive competition we face; our heavy reliance on information management systems, vendors, and information
sources that may not perform as we expect; the significant risk of liability we face in the services we perform; the fact that data security, data privacy and data protection laws, emerging restrictions on
background reporting due to alleged discriminatory impacts and adverse social consequences, and other evolving regulations and cross-border data transfer restrictions may increase our costs, limit the use or
value of our services and adversely affect our business; our ability to maintain our professional reputation and brand name; the impacts, direct and indirect, of the COVID-19 pandemic on our business, our
personnel and vendors, and the overall economy; social, political, regulatory and legal risks in markets where we operate; the impact of foreign currency exchange rate fluctuations; unfavorable tax law
changes and tax authority rulings; any impairment of our goodwill, other intangible assets and other long-lived assets; our ability to execute and integrate future acquisitions; our ability to access additional
credit or other sources of financing; and the increased cybersecurity requirements, vulnerabilities, threats and more sophisticated and targeted cyber-related attacks that could pose a risk to our systems,
networks, solutions, services and data. For more information on the business risks we face and factors that could affect the outcome of forward-looking statements, refer to our Annual Report on Form 10-K
filed with the SEC on March 9, 2023, in particular the sections of that document entitled Cautionary Note Regarding Forward-Looking Statements and Risk Factor Summary in the 10-K, and "Management's
Discussion and Analysis of Financial Condition and Results of Operations," and other filings we make from time to time with the SEC. We undertake no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events or otherwise.
Industry Information
Unless otherwise indicated, information contained in this document and any accompanying oral presentation concerning our industry, competitive position and the markets in which we operate is based on
publicly available information and information from independent industry and research organizations, other third-party sources and management observations and estimates based upon such information, our
internal research, and our experience in, and knowledge of, such industry and markets, which we believe to be reasonable. However, projections, assumptions and estimates related to the industry in which we
operate and our future performance in the market and relative to competitors are necessarily subject to uncertainty and risk due to a variety of factors, which could cause results to differ materially from those
expressed in the estimates made by the independent parties and by us.
Non-GAAP Financial Measures
This document and any accompanying oral presentation contain financial measures that are not calculated pursuant to U.S. generally accepted accounting principles ("GAAP"), including adjusted EBITDA,
adjusted EBITDA margin, adjusted net income, and adjusted diluted earnings per share. These non-GAAP financial measures are in addition to, and not a substitute for or superior to measures of financial
performance prepared in accordance with GAAP. There ar a number of limitations that could reduce the usefulness of our non-GAAP financial me sures as tools for analy compared to their nearest GAAP
equivalents. For example, other companies may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance.
@ 2023 HireRight. All Rights Reserved
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