HireRight Results Presentation Deck
Reference / Definitions
A reconciliation of the guidance for the Non-GAAP financial measures of Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS in the table above cannot be
provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items
necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. For the same reasons, the Company is unable to
assess the probable significance of the unavailable information, which could have a material impact on the Company's future Non-GAAP financial measures.
Adjusted EBITDA is calculated as net income (loss) attributable to HireRight Holdings Corporation before income attributable to noncontrolling interest, interest expense,
income taxes, depreciation and amortization expense, stock-based compensation, realized and unrealized gain (loss) on foreign exchange, restructuring charges,
amortization of cloud computing software costs, legal settlement costs deemed by management to be outside the normal course of business, and other items management
believes are not representative of the Company's core operations.
Adjusted EBITDA “AEBITDA" Margin is calculated as Adjusted EBITDA as a percentage of total revenue
Adjusted Net Income is calculated as net income (loss) attributable to HireRight Holdings Corporation before income attributable to noncontrolling interest
for amortization of acquired intangible assets, stock-based compensation, realized and unrealized gain (loss) on foreign exchange, restructuring charges, amortization of
cloud computing software costs, legal settlement costs deemed by management to be outside the normal course of business, and other items management believes are not
representative of the Company's core operations, to which we apply a blended statutory tax rate of 26%.
@ 2023 HireRight. All Rights Reserved.
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