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Financial Performance & Outlook

Mark P. Frissora
Chairman of the Board and Chief Executive Officer

Superior Revenue and EPS Growth

2009
Revenue Growth YoY Fleet Cost
% of Revenue

2010
6.5% 28.2% 63.2% 3.9% 4.6% 14.5% $0.52 $463M

2011
9.7% 26.5% 62.2% 3.1% 8.2% 16.7% $0.97 $63M

2012
8.7% 27.1% 60.4% 2.7% 10.0% 18.1% $1.33 $162M2

2013E1 20.9% n/a n/a n/a 12% 20.6% $1.87 $550M

CAGR 09-13

(16.7)% 30.1% 63.3% 3.8%

11.3%

OpEx & SG&A


% of Revenue

Corp. Interest
% of Revenue

Adj. Pre-tax
of Revenue

2.7% 13.7% $0.28 ($347M)

61.3% 23.2% 60.8%

Corp. EBITDA
% of Revenue

Adj. EPS Free Cash Flow

1 Based on mid-point of 2013 guidance, as disclosed 2/25/13 2 FY:12 GAAP Pretax Income of $450.6M adjusted to reflect $129.6 million of cash expense associated with DTG acquisition costs

Superior Revenue and EPS Growth

Leverage global brands, market position and technology to DRIVE REVENUE GROWTH DRIVE COST EFFICIENCIES with a culture of continuous improvement Optimize strategies to MAXIMIZE CASH FLOW

2012
CAGR

2015 Financial Plan1 12.5%-13.5% 24%-25% 55%-56% 2.3%-2.6% 17%-18% 25%-26% $3.10-$3.30 $1.1-$1.3B

Revenue Growth Fleet Cost


% of Revenue

8.7% 27.1% 60.4% 2.7% 10.0% 18.1% $1.33 $162M 2

OpEx & SG&A


% of Revenue

Corp. Interest
% of Revenue

Adj. Pre-tax
% of Revenue

Corp. EBITDA
% of Revenue

Adj. EPS Free Cash Flow

1 FY 2013 to FY 2015 2 FY:12 GAAP Pretax Income of $450.6M adjusted to reflect $129.6 million of cash expense associated with DTG acquisition costs

New Financial Plan Surpasses Previous Robust Targets

Leverage global brands, market position and technology to DRIVE REVENUE GROWTH DRIVE COST EFFICIENCIES with a culture of continuous improvement Optimize strategies to MAXIMIZE CASH FLOW

THEN
2011-2014* Revenue Growth Fleet Cost
% of Revenue

NOW
2013-2015 12.5%-13.5%
CAGR

7%-8%
CAGR

24%-25% 57%-59% 2.3%-2.7% 14%-15% 21%-23%

24%-25% 55%-56% 2.3%-2.6% 17%-18% 25%-26%

OpEx & SG&A


% of Revenue

Corp. Interest
% of Revenue

Adj. Pre-tax
% of Revenue

Corp. EBITDA
% of Revenue

*As provided on 9/12/11; excludes acquisitions

Stock Trading Below Historic P/E Multiple


Valuation Suggests 40% Upside
Valuation Multiples Comparison P/NTM EPS Pre-Crisis Avg. (PCA)1 Hotels Online Travel Agents Equipment Rental Consumer Durables Leisure Auto Dealerships HERTZ 21.5x 19.8x 12.5x 13.7x 15.4x 12.4x 15.4x Current as % of PCA 90.3% 100.3% 88.9% 90.5% 76.0% 102.6% 62.3%

2014 19.4x 19.8x 11.1x 12.4x 11.7x 12.7x 9.6x

Source: Company filings and FactSet as of March 27, 2013 1 Represents period from June 30, 2003-June 30, 2008

Lead-in to final video

Q&A

2013 Hertz Investor Day


April 2, 2013 New York, NY

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