Hertz Investor Presentation Deck

U.S. RAC - USED CAR VALUES AND YTD MMR FLEET VALUATION 150 145 140 135 130 125 Used car values have re-bounded and are well above pre-COVID levels Manheim Used Vehicle Index Jan Feb | Mar Apr May Jun $184 2018 ($74) ($94) (+6%) 2019 ($333) 2020 O 16,800 16,400 16,000 15,600 15,200 14,800 14,400 14,000 Manheim Rental Index ($387) CAR RENTAL 2018 (15%) ($205) - Hertz dollar. ThiDONLEN CAR RENTAL A Hertz Company +3% $74 2019 - $269 S 2020 ($630) ($587) 3/16 3/23 3/30 4/6 4/13 4/20 4/27 5/4 5/11 5/18 5/2 $490 110 105 100 WOW MMR Change for 2020 (Week of Sale Week, mix adjusted*) 95 90 85 80 $327 $326 NADA Auction vs Retail - $454 1/24 2/7 2/21 3/6 3/20 - 4/3- 4/17- 5/1- 5/15- 5/29 6/12- 6/26 7/10 Auction Prices 2018 MMR Strictly Confidential Subject to CA/ NDA $346 $328 2019 MMR +6% +1% X Pre-Covid - Used Retail Prices +4% $16,298 $15,686 $15,620 $167 $163 6/8 6/15 6/22 5/29 7/6 *Mix represents cars currently in Car Sales inventory. Only MY 2018, 2019 and 2020. Excludes Dream, Prestige and other specially car classes. Prior year values are for same trim one model year prior. 52 2020 MMR 7/13

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