Hertz Investor Presentation Deck

MAJOR PLAYER IN THE CONSOLIDATED ■ · - U.S. rental car market: highly consolidated with three largest players making up -95% of the total market $32 billion in revenue (-2% YOY CAGR 2018 - 2023) -2.4 million fleet size (-5% YoY CAGR 2018-2023) Select macro trends: Increasing demand for altemative transportation options - Partnerships with ridesharing companies Personalized service, convenience, and mobile accessibility Experiential and personalized travel services - - Business Leisure RENTAL CAR INDUSTRY Overview Insurance Replacement $24 $8 $9 U.S. Car Rental Sales by Segment ($ in Billions) $7 2013 $26 $8 $10 $8 2014 Hertz dollar. Thrifty DONLEN CAR RENTAL CAR RENTAL A Hertz Company $27 $8 $10 $8 2015 avis budget group Budget Payless Hertz dollar. Firefly Thrifty $28 U.S. Car Rental Market $11 $8 2016 16% 22% Source: EuroMonitor, Auto Rental News, Forbes Other $29 $9 7% $11 $9 2017 57% $31 $10 $12 2018 Strictly Confidential Subject to CA/ NDA enterprise National. Alamo $32 $10 $13 $9 2019 26

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