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HERC HOLDINGS INC. October 22, 2020 ©2020 Herc Rentals Inc. All Rights Reserved.Q3 & NINE MONTHS 2020 EARNINGS CONFERENCE CALLLarry Silber President & Chief Executive Officer Aaron Birnbaum Senior Vice President & Chief Operating Officer Mark Irion Senior Vice President & Chief F
©2020 Herc Rentals Inc. All Rights Reserved.Q3 & NINE MONTHS 2020
President & Chief Executive Officer
Senior Vice President &
Chief Operating Officer
Senior Vice President &
Chief Financial Officer
Elizabeth Higashi, CFA
Vice President, Investor Relations
©2020 Herc Rentals Inc. All Rights Reserved.
Safe Harbor Statements and Non-GAAP Financial Measures
Information Regarding Non-GAAP Financial Measures
In addition to results calculated according to accounting principles
generally accepted in the United States (“GAAP”), the Company has
provided certain information in this presentation that is not calculated
according to GAAP (“non-GAAP”), such as adjusted net income,
adjusted earnings per diluted share, EBITDA, adjusted EBITDA,
adjusted EBITDA margin, REBITDA, REBITDA margin, REBITDA flow-
through and free cash flow. Management uses these non-GAAP
measures to evaluate operating performance and period-over-period
performance of our core business without regard to potential
distortions, and believes that investors will likewise find these non-
GAAP measures useful in evaluating the Company’s performance.
These measures are frequently used by security analysts, institutional
investors and other interested parties in the evaluation of companies in
Non-GAAP measures should not be considered in isolation or as a
substitute for our reported results prepared in accordance with GAAP
and, as calculated, may not be comparable to similarly titled measures
of other companies. For the definitions of these terms, further
information about management’s use of these measures as well as a
reconciliation of these non-GAAP measures to the most comparable
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