HireRight Results Presentation Deck
Healthy Balance Sheet with Substantial Liquidity
Strong cash flow provides opportunity to pursue multiple growth opportunities
Unlevered Free Cash Flow (1)
6 months ending June 30
(millions)
$44.6
2022
$34.1
@ 2023 HireRight. All Rights Reserved.
2023
Net Leverage Ratio at June 30, 2023
(millions)
Total Debt
Cash & Cash Equivalents
LTM Adjusted EBITDA (2)
Net Leverage Ratio
Net Leverage Ratio Q2 2022 3.1x
(1) Unlevered Free Cash Flow defined as cash flow from operations less capital expenditures Plus Cash Interest
(2) See Reference / Definitions
6
$695
$78
$179
3.5x
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 initial $100 million share
repurchase program in Q2 - Board
authorized incremental $25M program
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