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 ...

Financial Data and Key Metrics Changes - Third quarter total revenue, rental revenue, and adjusted EBITDA reached all-time quarterly highs for the company [10] - Equipment rental revenue increased by 36% year-over-year, driven by strong core business performance and acquisitions [15][44] - Total revenues grew by 35%, impacted by lower sales of used equipment due to tight supply of new equipment [16] - Adjusted EBITDA increased by 40% year-over-year, with adjusted EBITDA margin improving by 160 basis points to 46.3% [16][46] Business Line Data and Key Metrics Changes - ProSolutions business delivered double-digit growth year-over-year, indicating strong demand for targeted solutions [28] - The average OEC fleet increased by 35% compared to the previous year, reflecting significant investment in fleet expansion [26][51] - Specialty equipment now represents about 24% of the total fleet, with room for growth [31] Market Data and Key Metrics Changes - The North American rental market is estimated to be $61 billion, growing by about 13% in 2022 [22] - Industrial spending is forecasted to grow by 6.3% in 2022 and 6.5% in 2023, indicating strong demand in key markets [60] - Non-residential construction activity is expected to increase by 19% in 2022, with additional growth of 2% in 2023 [61] Company Strategy and Development Direction - The company aims to sustain growth and expand market share through targeted acquisitions and greenfield operations in high-growth markets [12][23] - The strategic focus is on increasing the local customer base to 60% of revenues while maintaining national account business at 40% [34] - The company is committed to operational excellence and safety, with a focus on achieving 100% perfect days [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business and raised guidance for adjusted EBITDA to $1.22 billion to $1.25 billion, reflecting a 36% to 40% increase over 2021 [13][65] - The company is experiencing a robust operating environment, with strong demand for rental services and ongoing supply chain challenges benefiting the rental business [43][64] - Management noted that the secular shift from ownership to rental is expected to continue, driven by supply constraints and rising costs for customers [101][102] Other Important Information - The company has completed 16 acquisitions in 2022, spending $441 million, with a solid pipeline for future acquisitions [54] - The company maintains a conservative leverage ratio of 2.4x, within the targeted range of 2x to 3x [57][109] - The company continues to pay a quarterly dividend of $0.575 per share, indicating a commitment to returning value to shareholders [57] Q&A Session Summary Question: Can you discuss the implied fourth quarter EBITDA guidance? - Management indicated that storms typically generate $5 million to $6 million in EBITDA, but the growth is primarily from fleet growth and acquisition activity [76] Question: What are the pricing trends in the quarter? - Pricing increased by 6.2% year-over-year, with expectations to maintain high pricing into 2023 [49][80] Question: What is the CapEx outlook for 2023? - Planned CapEx for 2023 is $1.5 billion, with flexibility to adjust commitments to vendors if necessary [81] Question: How is the supply chain expected to change in 2023? - Supply chain constraints are expected to persist into next year, with no significant loosening anticipated [85][87] Question: What is the rationale behind targeting a specific customer mix? - The company aims to shift towards a higher margin local customer base while maintaining growth in national accounts [93] Question: How does the current environment affect the shift from ownership to rental? - The current environment is driving an increase in the secular shift towards rental, which is expected to continue [102] Question: What is the outlook for acquisitions? - The acquisition pipeline remains robust, with no significant changes in multiples or seller willingness expected [124]

PART I. [FINANCIAL INFORMATION](index=5&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=5&type=section&id=ITEM%201.%20Financial%20Statements) Herc Holdings Inc.'s unaudited financial statements as of September 30, 2022, reflect significant growth in assets, revenues, and net income [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets grew to **$5.7 billion** from **$4.5 billion** at year-end 2021, driven by rental equipment and goodwill investments Condensed Consolidated Balance Sheet Highlights (in millions) | Account | Sep 30, 2022 (Unaudited) | Dec 31, 2021 | | :--- | :--- | :--- | | **Total current assets** | $634.7 | $469.7 | | Rental equipment, net | $3,311.3 | $2,665.3 | | Goodwill | $379.1 | $231.5 | | **Total assets** | **$5,684.0** | **$4,490.4** | | **Total current liabilities** | $584.1 | $529.9 | | Long-term debt, net | $2,761.9 | $1,916.1 | | **Total liabilities** | **$4,600.9** | **$3,513.5** | | **Total equity** | **$1,083.1** | **$976.9** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q3 2022 total revenues increased **35.4%** to **$745.1 million**, with net income up **40.2%** to **$101.4 million** Statement of Operations Summary (in millions, except per share data) | Metric | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | Equipment rental revenue | $706.2 | $519.6 | $1,838.4 | $1,368.0 | | **Total revenues** | **$745.1** | **$550.4** | **$1,952.8** | **$1,495.1** | | Income before income taxes | $135.6 | $96.1 | $300.2 | $199.0 | | **Net income** | **$101.4** | **$72.3** | **$232.1** | **$152.3** | | **Diluted EPS** | **$3.36** | **$2.37** | **$7.66** | **$5.01** | [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations increased to **$623.2 million**, while investing activities used **$1.32 billion** for equipment and acquisitions Cash Flow Summary for Nine Months Ended Sep 30 (in millions) | Cash Flow Category | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $623.2 | $503.2 | | Net cash used in investing activities | $(1,315.7) | $(613.8) | | Net cash provided by financing activities | $715.1 | $112.9 | | **Net change in cash and cash equivalents** | **$21.8** | **$2.2** | - The significant increase in cash used for investing activities was driven by **$841.2 million** in rental equipment expenditures and **$440.9 million** for acquisitions, net of cash acquired[32](index=32&type=chunk) - Financing activities were primarily impacted by net proceeds from revolving lines of credit and securitization, which totaled **$851.6 million** (**$2,079.8 million** proceeds less **$1,228.2 million** repayments). The company also paid **$51.5 million** in dividends and repurchased **$53.3 million** of common stock[35](index=35&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, revenue recognition, business combinations, and debt, highlighting equipment rental and recent acquisitions - For the nine months ended September 30, 2022, approximately **91.8%** of total revenue was generated from operations in the United States[46](index=46&type=chunk) - The company completed the acquisition of Cloverdale Equipment Company for approximately **$178.2 million** on April 19, 2022. In addition, **15** other smaller companies were acquired during the first nine months of 2022[65](index=65&type=chunk)[68](index=68&type=chunk) - In July 2022, the ABL Credit Facility was amended to increase revolving credit commitments from **$1.75 billion** to **$3.5 billion** and extend the maturity to 2027. In August 2022, the AR Facility was amended to increase commitments from **$250 million** to **$300 million** and extend the maturity to August 2023[92](index=92&type=chunk)[95](index=95&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong Q3 2022 performance to robust demand, higher rental volume, and improved pricing, supported by liquidity [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Q3 2022 equipment rental revenue grew **35.9%** due to volume and pricing, with operating and SG&A expenses also increasing Key Performance Metrics - Q3 2022 vs Q3 2021 | Metric | Q3 2022 | Q3 2021 | % Change | | :--- | :--- | :--- | :--- | | Total Revenues | $745.1M | $550.4M | 35.4% | | Equipment Rental Revenue | $706.2M | $519.6M | 35.9% | | Direct Operating Expenses | $277.5M | $208.9M | 32.8% | | SG&A | $111.5M | $81.5M | 36.8% | | Net Income | $101.4M | $72.3M | 40.2% | - The **35.9%** increase in Q3 2022 equipment rental revenue was driven by a **34.9%** increase in the volume of equipment on rent and a **6.2%** improvement in pricing compared to the prior year[140](index=140&type=chunk) - The margin on sales of rental equipment improved to **24.7%** in Q3 2022 from **17.5%** in Q3 2021, attributed to a better sales channel mix and strong used equipment market pricing[142](index=142&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2022, the company had **$1.5 billion** in ABL credit availability and **$774.6 million** in net rental equipment expenditures - The company's liquidity as of September 30, 2022, included **$56.9 million** in cash and cash equivalents and approximately **$1.5 billion** in unused commitments under its ABL Credit Facility[156](index=156&type=chunk) Net Rental Equipment Expenditures (in millions) | Period | 2022 | 2021 | | :--- | :--- | :--- | | Rental equipment expenditures | $841.2 | $447.0 | | Disposals of rental equipment | $(66.6) | $(86.1) | | **Net rental equipment expenditures** | **$774.6** | **$360.9** | - During 2022, the company repurchased approximately **540,000** shares. As of September 30, 2022, **$336.7 million** remains available for future repurchases under the authorized program[162](index=162&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rates, foreign currency, and fuel prices, with no material change since year-end 2021 - As of September 30, 2022, there has been no material change in the market risk information reported in the Annual Report on Form 10-K for the year ended December 31, 2021[181](index=181&type=chunk) [Controls and Procedures](index=38&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of September 30, 2022, with no material changes in internal controls - The Chief Executive Officer and Chief Financial Officer concluded that as of September 30, 2022, the company's disclosure controls and procedures were effective[182](index=182&type=chunk) - No changes in internal control over financial reporting occurred during the quarter ended September 30, 2022, that have materially affected, or are reasonably likely to materially affect, internal controls[183](index=183&type=chunk) PART II. [OTHER INFORMATION](index=39&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=39&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is subject to various ordinary course legal proceedings, which management believes will not materially affect its financials - The company is subject to a number of claims and proceedings that generally arise in the ordinary conduct of its business, and it does not believe the resulting liabilities will have a material adverse effect on its financial condition[105](index=105&type=chunk)[185](index=185&type=chunk) [Risk Factors](index=39&type=section&id=ITEM%201A.%20Risk%20Factors) No material changes to the company's risk factors have occurred since the Annual Report on Form 10-K for 2021 - There have been no material changes to the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2021[186](index=186&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q3 2022, the company repurchased **543,598** shares at **$108.80**, with **$336.7 million** remaining for repurchases Share Repurchases in Q3 2022 | Period | Total Shares Purchased | Average Price Per Share | Amount Remaining in Program | | :--- | :--- | :--- | :--- | | Jul 2022 | 72,086 | $104.65 | - | | Aug 2022 | 5,001 | $113.26 | - | | Sep 2022 | 466,511 | $109.40 | - | | **Total Q3** | **543,598** | **$108.80** | **$336,707,123** | [Other Information](index=39&type=section&id=ITEM%205.%20Other%20Information) No other material information was reported for this item during the quarter - None[189](index=189&type=chunk) [Exhibits](index=40&type=section&id=ITEM%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including corporate governance documents, financing agreements, and certifications

Financial Data and Key Metrics Changes - The company reported a 35% increase in rental revenue for Q2 2022, totaling $605.4 million compared to the previous year [12][18] - Total revenue grew by 30% to $640.4 million, impacted by lower sales of used rental equipment [18] - Net income increased by 53% to $72.2 million, or $2.38 per diluted share, compared to $47.1 million, or $1.55 per diluted share last year [18] - Adjusted EBITDA grew by 37% to $284.2 million, with adjusted EBITDA margin improving by 210 basis points to 44.4% [19][53] - The company updated its 2022 adjusted EBITDA guidance to a range of $1.195 billion to $1.245 billion, implying a 34% to 39% increase over 2021 results [16][72] Business Line Data and Key Metrics Changes - The ProSolutions business continued to show strong double-digit growth year-over-year, contributing to overall revenue growth [29] - Local rental revenue represented 58% of total rental revenue, up from 56% in the same quarter last year [40] - The specialty fleet now accounts for 24% of total OEC, nearing the goal of 25% to 30% [36] Market Data and Key Metrics Changes - The North American addressable market size is estimated to be $60 billion, growing by about 15% in 2022 [22][66] - The company anticipates continued growth opportunities through 2023 and 2024, driven by infrastructure projects and pent-up demand [43][71] Company Strategy and Development Direction - The company plans to capitalize on market opportunities through organic growth supplemented by acquisitions [23][60] - A focus on expanding the specialty branch network to enhance customer response capabilities [37] - The company aims to maintain debt levels within a targeted range of 2x to 3x net leverage while pursuing growth [15][62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong operating environment and ongoing demand for rental equipment [48][67] - The company is prepared to navigate potential economic downturns, leveraging lessons learned from past experiences [96][99] - Management noted that the current inflationary environment is manageable, with expectations for continued rate increases [56][57] Other Important Information - The company completed the acquisition of six additional companies in Q2, with a total of nine locations [12][60] - The company plans to repurchase shares under its stock repurchase program, with a remaining authorization of $395.9 million [14][64] - The company reported negative free cash flow of $197 million before acquisitions, indicating significant investment in fleet growth [62] Q&A Session Summary Question: Potential for improving time utilization and operational metrics post-acquisition - Management acknowledged opportunities for improving time and dollar utilization through acquisitions, though the extent is not tremendous [82][84] Question: SG&A costs and inflation impact - Most SG&A increases are attributed to strategic investments for growth, with pure inflation impacts in the mid-single digits [86] Question: Alignment with large infrastructure projects - Management feels well-positioned to capitalize on infrastructure spending, particularly in urban markets [89] Question: Fleet cost expectations for next year - Fleet costs are expected to be higher than mid-single digits in 2023, with current inflationary pressures manageable [90][91] Question: Operating leverage in a potential downturn - Management indicated that the current momentum would help mitigate negative operating leverage in a downturn scenario [96][98] Question: Mix impact on dollar utilization - Mix challenges were noted, primarily due to relative growth rates in different business segments [100][102] Question: Business trends and customer sentiment - Strong business trends were reported, with positive customer sentiment and ongoing construction activity [108] Question: Margin impact from acquisitions - Acquisitions are expected to be margin neutral initially, with potential for margin expansion through synergies over time [110]

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. ...

PART I. FINANCIAL INFORMATION [Financial Statements](index=5&type=section&id=ITEM%201.%20Financial%20Statements) Herc Holdings reported Q1 2022 revenues of $567.3M (25% YoY) and net income of $58.5M (77.8% YoY) [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets grew to **$4.72B** by March 31, 2022, driven by rental equipment, with equity at **$1.01B** Condensed Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$4,717.6** | **$4,490.4** | | Rental equipment, net | $2,792.2 | $2,665.3 | | Goodwill | $272.5 | $231.5 | | **Total Liabilities** | **$3,705.9** | **$3,513.5** | | Long-term debt, net | $2,142.1 | $1,916.1 | | **Total Equity** | **$1,011.7** | **$976.9** | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q1 2022 total revenues rose **25.0%** to **$567.3M**, with net income surging **77.8%** to **$58.5M** Q1 2022 vs Q1 2021 Performance (in millions, except per share data) | Metric | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Total Revenues | $567.3 | $453.8 | | Equipment Rental Revenue | $526.8 | $400.4 | | Income Before Income Taxes | $67.1 | $41.1 | | **Net Income** | **$58.5** | **$32.9** | | Diluted EPS | $1.92 | $1.09 | [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Q1 2022 operating cash flow was **$143.0M**, investing used **$346.7M**, and financing provided **$191.4M** Cash Flow Summary (in millions) | Activity | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $143.0 | $134.7 | | Net cash used in investing activities | ($346.7) | ($62.2) | | Net cash provided by (used in) financing activities | $191.4 | ($72.8) | | **Net change in cash and cash equivalents** | **($12.3)** | **($0.1)** | - The significant increase in cash used for investing activities was driven by rental equipment expenditures rising to **$286.8 million** in Q1 2022 from $90.9 million in Q1 2021, and **$73.0 million** spent on acquisitions in Q1 2022[29](index=29&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail revenue, Q1 acquisitions, **$2.15B** total debt, and the **$175M** Cloverdale acquisition Revenue Breakdown by Accounting Standard (in millions) | Revenue Source | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | **Topic 842 (Leases)** | **$496.3** | **$379.5** | | Equipment rental | $476.5 | $364.8 | | Other rental revenue | $19.8 | $14.7 | | **Topic 606 (Contracts)** | **$71.0** | **$74.3** | | Delivery and pick-up | $30.5 | $20.9 | | Sales of rental equipment | $27.7 | $44.2 | | Sales of new equipment, parts and supplies | $7.7 | $6.1 | | Service and other revenues | $5.1 | $3.1 | | **Total Revenues** | **$567.3** | **$453.8** | - During the first quarter of 2022, the company completed **three acquisitions**: Southern Equipment Rental, Harris Diversified, LLC, and Kilowatt Boy, Inc., totaling 3 locations[69](index=69&type=chunk) - In April 2022, subsequent to the quarter end, the company acquired Michigan-based Cloverdale Equipment Company for approximately **$175 million**[112](index=112&type=chunk) Debt Composition as of March 31, 2022 (in millions) | Debt Instrument | Amount | | :--- | :--- | | 2027 Senior Notes (5.50%) | $1,200.0 | | ABL Credit Facility | $658.4 | | AR Facility | $250.0 | | Finance lease liabilities | $50.4 | | **Total Debt** | **$2,152.9** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Q1 2022 revenue grew **25.0%** from rental volume/pricing, with **$1.1B** ABL liquidity and increased capex Results of Operations Summary (in millions) | Metric | Q1 2022 | Q1 2021 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Total revenues | $567.3 | $453.8 | $113.5 | 25.0% | | Equipment rental | $526.8 | $400.4 | $126.4 | 31.6% | | Direct operating | $246.2 | $183.0 | $63.2 | 34.5% | | SG&A | $89.4 | $65.5 | $23.9 | 36.5% | | Income before income taxes | $67.1 | $41.1 | $26.0 | 63.3% | | Net income | $58.5 | $32.9 | $25.6 | 77.8% | - The increase in equipment rental revenue was primarily due to a **29.0% higher volume** of equipment on rent and a **4.3% increase in pricing** compared to Q1 2021[122](index=122&type=chunk) - Sales of rental equipment decreased by **37.3%** as the company strategically managed its fleet to maximize size amid high utilization, but the margin on these sales improved to **33.2%** from 13.1% due to strong used equipment pricing[123](index=123&type=chunk)[125](index=125&type=chunk) Net Rental Equipment Capital Expenditures (in millions) | | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Rental equipment expenditures | $286.8 | $90.9 | | Disposals of rental equipment | ($28.8) | ($40.3) | | **Net rental equipment expenditures** | **$258.0** | **$50.6** | - As of March 31, 2022, the company had liquidity of **$22.8 million** in cash and approximately **$1.1 billion** in unused commitments under its ABL Credit Facility[132](index=132&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=31&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No material changes in market risk exposure (interest rates, FX, fuel) were reported from the 2021 10-K - As of March 31, 2022, there has been no material change in the company's market risk disclosures from its 2021 Annual Report on Form 10-K[157](index=157&type=chunk) [Controls and Procedures](index=31&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Disclosure controls were effective as of March 31, 2022, with no material changes to internal controls - The Chief Executive Officer and Chief Financial Officer concluded that as of March 31, 2022, the company's disclosure controls and procedures were effective[158](index=158&type=chunk) - No material changes to internal control over financial reporting occurred during the quarter ended March 31, 2022[159](index=159&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=33&type=section&id=ITEM%201.%20Legal%20Proceedings) Pending legal proceedings are detailed in Note 12, 'Commitments and Contingencies,' to the financial statements - Information regarding legal proceedings is available in Note 12 to the financial statements[161](index=161&type=chunk) [Risk Factors](index=33&type=section&id=ITEM%201A.%20Risk%20Factors) No material changes to risk factors were reported compared to the 2021 Annual Report on Form 10-K - No material changes to risk factors were reported compared to the 2021 Annual Report on Form 10-K[162](index=162&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=33&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No share repurchases in Q1 2022, with **$395.9M** remaining available under the repurchase program - No share repurchases were made during the three months ended March 31, 2022[163](index=163&type=chunk) - As of March 31, 2022, **$395.9 million** remains available under the Share Repurchase Program[163](index=163&type=chunk) [Other Information](index=33&type=section&id=ITEM%205.%20Other%20Information) No other information is reported under this item for the period - There is no information to report under this item[164](index=164&type=chunk) [Exhibits](index=34&type=section&id=ITEM%206.%20Exhibits) This section lists Form 10-Q exhibits, including officer certifications and XBRL data files

Herc Holdings (NYSE:HRI) Q4 2021 Earnings Conference Call February 10, 2022 8:30 AM ET Company Participants Larry Silber – President and Chief Executive Officer Elizabeth Higashi – Executive Vice President, Investor Relations & Sustainability Aaron Birnbaum – Senior Vice President and Chief Financial Officer Mark Irion – Senior Vice President and Chief Financial Officer Conference Call Participants Neil Tyler – Redburn Ross Gilardi – Bank of America Brian Sponheimer – Gabelli Funds Jatin Khanna – Goldman Sa ...