HireRight Results Presentation Deck
Disclaimer
Forward-Looking Statements
This document and any accompanying oral presentation by the Company contain forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates,
and projections and other statements that do not relate strictly to historical or current facts. In some cases, you can identify forward-looking statements by terms such as "may," "might," "will,"
"objective," "intend," "should," "could," "can," "would," "likely," "continue," "expect," "believe," "design," "anticipate," "estimate," "predict," "project," "target," "potential," "plan" or the negative of these
terms, and similar expressions, used 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 the recovery of our business from the effects of the COVID-19 pandemic; our operating plans, budgets, and anticipated financial performance, including,
without limitation, revenue, EBITDA, cash flow, capital expenditures, debt repayment, and compliance with debt leverage ratio requirements; product and technology developments; new business; and
customer retention. These statements are not representations or guarantees; they reflect our current views with respect to future events and circumstances 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 those projected or
implied by forward-looking statements. These risks include, but are not limited to: (i) we have no assurance of future business from any of our customers; (ii) we rely upon third parties for the data we
need to deliver our services, to fulfill our service obligations to our customers, and for integration with many of our customers; (iii) COVID-19 has had, and may continue to have, an adverse effect on
our business; (iv) current or potential legal proceedings could subject us to significant monetary damages or restrictions on our ability to do business; (v) credit reporting and privacy laws that regulate
our business impose significant operational requirements and liability risks; (vi) we can incur significant liability for including incorrect information in, or omitting available information from, our
background reports; (vii) security breaches and improper use of information may negatively impact our business and harm our reputation; (viii) we operate in an intensely competitive market and we
may not be able to develop and maintain competitive advantages necessary to support our growth and profitability; (ix) our existing indebtedness and the terms and conditions of our credit agreements
could adversely affect our business and growth prospects and our ability to respond to changes or to take certain actions; and (x) we may not be able to generate sufficient cash flow to service all of
our indebtedness, and may be forced to take other actions to satisfy our obligations under such indebtedness, including refinancing such indebtedness, which may not be successful. These
important risks may not cover all of the factors that are important to you. Some of our forward-looking statements relate to our operating budgets and forecasts, which are based on many assumptions.
While we believe that our assumptions are reasonable, it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. All
written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements, and you should evaluate all
forward-looking statements we make in the context of these risks and uncertainties.
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"). 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 are a number of limitations that could reduce
the usefulness of our non-GAAP financial measures as tools for analysis 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.
© 2022 Hire Right. All rights reserved. Confidential.
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