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Hertz Global Holdings, Inc. Lays Out 3-5 Year Business Plan During Discussions With Investors And Financial Analysts

ESTERO, Fla., Nov. 17, 2015 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("HGH" or the "company") today laid out plans for the company, excluding its equipment rental business ("Hertz Global"), at its Investor Day discussion to achieve Hertz Global's full potential as the world's leading car rental company. The company expects Hertz Global's Adjusted Corporate EBITDA (earnings before interest, taxes, depreciation and amortization) margins to be between 16 to 18 percent within a three- to five-year timeframe. During a discussion with more than 200 investors and financial analysts in New York, the company's senior management team detailed plans for investments and initiatives for its core car rental business that will support three pillars: winning with technology, leading in cost and quality, and earning customer preference while delivering revenue growth.

President and Chief Executive Officer John Tague said the 16 to 18 percent Adjusted Corporate EBITDA margin target for Hertz Global is indicative of its opportunity for financial margin expansion during the course of its full potential plan. In 2015, management expects Hertz Global to reach an Adjusted Corporate EBITDA margin of approximately 10 percent, an improvement over its 2014 Adjusted Corporate EBITDA margin of 7 percent.

"2015 has been a transition year for the company," Tague said. "Through our work to date, we are building a track record of enhanced execution. This, together with our 2016 preliminary guidance, is beginning to show in our results and, we believe, will enable us to realize the full potential of our business for our customers, our employees and our investors."

In July 2015, the company completed its financial restatement and is making ongoing remediation to ensure continued compliance. In addition, the company completed the systems integration of Dollar and Thrifty in the third quarter 2015, and completed hiring of a senior management team for its equipment rental business ("HERC") with public company capabilities in preparation for the separation of HERC to a stand-alone business as early as mid-2016. Earlier this month, the company completed its move into a consolidated corporate headquarters in Estero, Florida.

PRELIMINARY GUIDANCE FOR 2016

During the investor discussion, management provided preliminary guidance for 2016, which includes:























Preliminary 2016 Guidance





Adjusted Corporate EBITDA1 Consolidated HGH, $M

1,700

to

1,800





Adjusted Corporate EBITDA1 HERC, $M

625

to

675





Adjusted Corporate EBITDA1 Consolidated Hertz Global, $M

1,075

to

1,125





US RAC depreciation per unit per month, $

290

to

300





US RAC rentable fleet capacity growth, %

...

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