Hertz Investor Presentation Deck

UNENCUMBERED ASSET OVERVIEW (CONT'D) Post-Petition Receivables ▪ Total estimated post-petition debtor receivables at July 31, 2020 of -$366 million ▪ Includes post-petition receivables aged less than 60 days Expectation for post-petition receivables to continue to increase as the Chapter 11 case progresses - Historical A/R balances of -$410 million ■ Estimate for post-petition receivables ($ in mm) Total THC Debtor Entities AR Total Other Debtor Entities AR Donlen US Donlen CA Total Est. Post-Petition Debtor AR 0-60 days $216 65 85 1 $366 ■ Domestic Real Property (FMV <$6mm) ▪ There are 40+properties with a FMV below $6mm Properties represent various locations across the United States ▪ Total NBV of properties as of July 31, 2020 of $90 million Hertz dollar. Thrifty DONLEN CAR RENTAL CAR RENTAL A Hertz Company Strictly Confidential Subject to CA/NDA Note: 11/2L lenders have reserved rights with respect to the extent of their liens on prepetition collateral, and have silent, junior adequate protection liens on all assets to the extent of any diminution in value of their collateral, if any 7

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