HireRight Results Presentation Deck
Healthy Balance Sheet with Substantial Liquidity
Strong cash flow provides opportunity to pursue multiple growth opportunities and opportunistic share repurchases
Unlevered Free Cash Flow(1)
9 months ending September 30
(millions)
$94.8
2022
$95.8
@ 2023 Hire Right. All Rights Reserved.
2023
Net Leverage Ratio at September 30,
2023
(millions)
Total Debt
Cash & Cash Equivalents
LTM Adjusted EBITDA (²)
Net Leverage Ratio
Net Leverage Ratio Q3 2022 2.9x
(1) Unlevered Free Cash Flow defined as cash flow from operations less capital expenditures Plus Cash Interest
(2) See Reference / Definitions
6
$750
$103
$177
3.7x
Financial Priorities
■
Expected to maintain net leverage ratio in
the 3x - 4x range
Remain disciplined in approach to M&A,
targeting highly strategic tuck-in
opportunities
Continued focus on free cash flow
generation
Completed $125 million share repurchase
program in Q3 - Board authorized
incremental $25M program in September
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