Herc Holdings Inc. (NYSE:HRI) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Leslie Hunziker - IR Larry Silber - President and CEO Aaron Birnbaum - SVP and COO Mark Irion - SVP and CFO Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Neil Tyler - Redburn Ken Newman - KeyBanc Capital Markets Sherif El-Sabbahy - Bank of America Steven Ramsey - Thompson Research Group Larry Stavitski - Wells Fargo Mig Dobre - Baird Brian Sponheimer - ...

Revenue and Market Dynamics - The company's revenues are significantly affected by the cyclical nature of the construction and industrial sectors, with a decline in these areas leading to decreased demand for rental equipment [69]. - A substantial portion of revenues is derived from non-residential construction and industrial customers, making the company vulnerable to fluctuations in construction activity and oil and gas prices [70]. - The rental equipment market is highly fragmented, with price being a primary competitive factor, affecting revenue and operational results [93]. - Equipment rental revenues for 2022 reached $2.6 billion, a 33.6% increase from 2021, driven by a 31.8% increase in rental volume and a 5.8% increase in pricing [164][173]. - Total revenues increased by $665.7 million, or 32.1%, to $2.738 billion in 2022 compared to 2021 [172]. - The company’s revenues are primarily derived from equipment rental and related charges, including ancillary revenue from delivery and rental protection programs [161][162]. Financial Performance - Net income for 2022 was $329.9 million, up 47.2% from $224.1 million in 2021 [172][180]. - Earnings per share (diluted) increased to $10.92 in 2022, compared to $7.37 in 2021, reflecting a 48% growth [251]. - Cash provided by operating activities increased by $172.7 million to $916.7 million in 2022 compared to 2021 [185]. - The company reported a total comprehensive income of $301.6 million for 2022, compared to $230.9 million in 2021, marking a 30% increase [254]. - Direct operating expenses increased to $1,027.7 million in 2022, up from $782.3 million in 2021, reflecting higher operational costs [251]. Capital Expenditures and Investments - Capital expenditures for rental equipment amounted to $1.168 billion in 2022, a significant increase from $593.8 million in 2021 [192]. - The company expects net rental equipment capital expenditures for 2023 to be between $1.0 billion and $1.2 billion [193]. - Rental equipment expenditures rose significantly to $1,168.5 million in 2022, compared to $593.8 million in 2021, indicating a focus on expanding rental capacity [260]. Debt and Financial Risks - As of December 31, 2022, the company had total outstanding debt of approximately $2.9 billion, which significantly impacts cash flow and profitability [124]. - The company faces risks related to its significant indebtedness, which could adversely affect its financial condition and operational flexibility [124]. - An increase in interest rates could raise the cost of servicing debt, negatively impacting profitability [128]. - The company may incur additional debt in the future, which could exacerbate existing financial risks [130]. Operational Challenges - Supply chain disruptions, exacerbated by the COVID-19 pandemic, have led to delays in receiving equipment, potentially impairing the company's ability to meet customer needs [75]. - The company is heavily reliant on IT systems and third-party technologies, making it vulnerable to cybersecurity threats that could disrupt operations and harm its reputation [78]. - The company may experience inefficiencies due to competition for talent in the North American workforce, impacting business continuity and operational efficiency [95]. - Seasonal fluctuations in the construction industry could lead to lower profitability during off-peak periods, particularly from December until late spring [97]. Regulatory and Environmental Factors - The company is exposed to risks from government regulations and policies that could impact capital investments in infrastructure and energy sectors [71]. - Climate change and regulatory responses may negatively impact the company's business and operational results, requiring capital expenditures to meet customer standards [110]. - Environmental liabilities accrued as of December 31, 2022, were $0.4 million, reflecting potential costs related to compliance and remediation [109]. Shareholder Returns and Stock Performance - The company declared a quarterly dividend of $0.6325 per share on February 8, 2023, with a payment date of March 9, 2023 [202]. - The company maintained quarterly dividends of $0.575 per share and repurchased approximately 1.1 million shares for $115.2 million in 2022 [167]. - The company has a $1.0 billion share repurchase program, allowing for purchases through various methods, subject to market conditions and strategic priorities [153]. Strategic Growth and Acquisitions - The company completed 18 acquisitions and opened 21 new greenfield locations in 2022, resulting in a net cash outflow of $515.2 million [165]. - The company is pursuing strategic transactions, including acquisitions and divestitures, to enhance or expand its business operations [113]. Asset Management - Rental equipment represented 58.5% of total assets as of December 31, 2022, indicating a significant investment in this area [205]. - The company recorded asset impairment charges of $3.5 million, $3.2 million, and $15.4 million for the years ended December 31, 2022, 2021, and 2020, respectively [219].

HercRentals® Shifting Into High Gear THIRD QUARTER 2022 EARNINGS CONFERENCE CALL October 20, 2022 Herc Rentals Team & Agenda Larry Silber President & Chief Executive Officer Mark Irion Senior Vice President & Chief Financial Officer Agenda • Introductions • Safe Harbor • Overview • Operations Review • Financial Review • Q&A Aaron Birnbaum Senior Vice President & Chief Operating Officer Elizabeth Higashi Vice President, Investor Relations & Sustainability NYSE: HRI ©2022 Herc Rentals Inc. All Rights Reserved ...

Herc Holdings Inc. (NYSE:HRI) Q3 2022 Earnings Conference Call October 20, 2022 8:30 AM ET Company Participants Leslie Hunziker - Investor Relations Larry Silber - President and Chief Executive Officer Aaron Birnbaum - Senior Vice President and Chief Operating Officer Mark Irion - Senior Vice President and Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Rob Wertheimer - Melius Research Neil Tyler - Redburn Sherif El-Sabbahy - Bank of America Brian Sponheimer - Gabelli Funds ...

Table of Contents Commission File Number 001-33139 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 HERC HOLDINGS INC. (Exact name of registrant as specified in its ...

Herc Holdings Inc. (NYSE:HRI) Q2 2022 Earnings Conference Call July 21, 2022 8:30 AM ET Company Participants Elizabeth Higashi - Vice President of Investor Relations and Sustainability Larry Silber - President and Chief Executive Officer Aaron Birnbaum - Senior Vice President and Chief Operating Officer Mark Irion - Senior Vice President and Chief Financial Officer Conference Call Participants Rob Wertheimer - Melius Research Sherif El-Sabbahy - Bank of America Jerry Revich - Goldman Sachs Ken Newman - KeyB ...

HercRentals® Shifting Into High Gear SECOND QUARTER 2022 EARNINGS CONFERENCE CALL July 21, 2022 Herc Rentals Team & Agenda Larry Silber President & Chief Executive Officer Mark Irion Senior Vice President & Chief Financial Officer Agenda • Introductions • Safe Harbor • Overview • Operations Review • Financial Review • Q&A Aaron Birnbaum Senior Vice President & Chief Operating Officer Elizabeth Higashi Vice President, Investor Relations & Sustainability NYSE: HRI ©2022 Herc Rentals Inc. All Rights Reserved. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-33139 HERC HOLDINGS INC. (Exact name of registrant as specified in its chart ...

Herc Holdings Inc. (NYSE:HRI) Q1 2022 Earnings Conference Call April 21, 2022 8:30 AM ET Company Participants Elizabeth Higashi - Vice President of Investor Relations and Sustainability Larry Silber - President and Chief Executive Officer Aaron Birnbaum - Senior Vice President and Chief Operating Officer Mark Irion - Senior Vice President and Chief Financial Officer Conference Call Participants Jerry Revich - Goldman Sachs Seth Weber - Wells Fargo Ross Gilardi - Bank of America Rob Wertheimer - Melius Resea ...

HercRentals® Shifting Into High Gear FIRST QUARTER 2022 EARNINGS CONFERENCE CALL April 21, 2022 Herc Rentals Team & Agenda Larry Silber President & Chief Executive Officer Mark Irion Senior Vice President & Chief Financial Officer Agenda • Introductions • Safe Harbor • Overview • Operations Review • Financial Review • Q&A Aaron Birnbaum Senior Vice President & Chief Operating Officer Elizabeth Higashi Vice President, Investor Relations & Sustainability NYSE: HRI ©2022 Herc Rentals Inc. All Rights Reserved. ...