2Q 2010 Earnings Call August 4, 2010 10 Dial in: ( 800) 230-1093 ( US) am ET ) ) (612) 288-0340 (International) Passcode: 164596

Safe Harbor Statement Certain statements made within this presentation contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of performance and by their nature are uncertainties subject to inherent uncertainties. Actual results may differ materially. Any forward-looking information relayed in this presentation speaks only as of August 3, 2010, and the Company undertakes no obligation to update that information to reflect changed circumstances. Additional information concerning these statements is contained in the Company’s press release regarding its Second Quarter 2010 results issued on and the August 3, 2010, Risk Factors Forward Looking Statements sections of the Company’s 2009 Form 10-K. Copies of these filings are available from the SEC, the Hertz web site or the Company’s Investor Relations Department. 2

Non-GAAP Measures The following non-GAAP measures will be used in the presentation: EBITDA Corporate EBITDA Adjusted Interest Expense Adjusted DOE Adjusted Pre-Tax Income Net Income Adjusted SGA Adjusted Adjusted Diluted Earnings Per Share Adjusted Depreciation of REE Total Net Cash Flow Net Corporate Debt Net Fleet Debt Levered After-Tax Cash-Flow Before Fleet Growth Levered After-Tax Cash-Flow After Fleet Growth Total Net Debt Corporate Restricted Cash Definitions and reconciliations of these non-GAAP measures are provided at the end of the presentation. 3

Today’s Agenda Industry & Strategic Overview y g Mark Frissora, Chairman and CEO Financial & Operating Results Overview El D l E ti d Elyse Douglas, Executive VP and CFO O & G Outlook Guidance Mark Frissora, Chairman and CEO Questions & Answers Session 4

Q2:10 Opening Remarks Strong results in 2Q:10 reflect success of growth and efficiency g Q g y strategies. example: Best Achieved record adjusted pre-tax earnings in largest operation, U S t l U.S. rental car. Q2:10 vs. Q2:07 U.S. rental car generated $32.5 million of higher adjusted pre-tax income compared with the pre-recession Q2:07. This represents 350 bps margin improvement over the 2007 period on 7% less revenue. All achieved despite a changing macro-economic backdrop. 5

U.S. RAC Record 2Q:10 Adj. Pre-tax Profit 2Q10 vs. Q207: Successful Growth & Efficiency Strategy Peak $ in millions Q2:10 Q2:07 change Revenue $1,072.4 $1,152.6 -700bps Adjusted Pretax Margin +350bps 6

Q2:10 Consolidated Highlights Adjusted pre-tax income up 18.1% and margin up 50 bps, despite 1x compensation benefit last year, higher adjusted interest expense and an impact of nearly $2 million from unfavorable FX rates. Corporate EBITDA flat; but up nearly 13.3% excl. 1x ’09 compensation benefit €, £, $ Canada Q2:10 changing macro-economic backdrop April confidence consumer climbed to highest level since October 2007 For all of Q2:10, U.S. GDP lost steam; consumer confidence below forecast This adversely affected leisure rentals, but commercial rentals continued to accelerate -- volume expectation same; rental mix changed Total company consolidated revenue was up 7.1% +7.5% excluding the effects of foreign currency Increasing demand from corporate travelers in U.S. & Europe Continued growth off-businesses in Advantage & off airport Pace of decline slowing for HERC 7

Q2:10 Consolidated Highlights Adjusted up 10.8% g g direct operating and SG&A expenses Reversal of 1x compensation benefit from Q2:09 represented $32mm of yoy higher expenses in Q2:10 Excluding incremental costs this negative impact and advertising costs, adj. DOE and SG&A were up 7.5%, in line with increased revenue Since April 2009, we have opened 27 Advantage airport locations; and 298 net new off-airport stores • incurred Costs incurred, but revenue potential not fully realized Monthly WW depreciation per rental car improves by nearly 12% 8

Efficiency Cost Savings Efficiency & cost management program continues Cost savings of $142.0 million achieved through Q2 efficiency programs Revising guidance for FY10 to $380mm from $300mm Process improvement program continues to roll out at major airports 2H:10 launching Lean Six Sigma at 7 U.S. locations; 7 EU locations $1,260 $1,501 $1,200 $1,400 $1,600 Incremental +23.6% Cost Savings Revenue Per Employee $760 $500 $800 $1,000 1,200 in millions) Cumulative $290.84 $308.19 $312.99 $320.76 $310.00 $330.00 $187 $313 $241 $187 $200 $400 $600 ($ $259.30 290.84 $270.00 $290.00 2006 – LTM 6/30/10 U.S RAC +38.9% EU RAC + 34.4% WW HERC +10.1% 0 $0 2006 2007 2008 2009 1H 2010 $250.00 2006 2007 2008 2009 LTM 6/30/10 9

Q2:10 U.S. RAC Total Revenue +10.1% YoY On-Airport 75.4% of U.S. RAC Revenue Off-Airport 24.6% of U.S. RAC Revenue U.S. RAC Growth Drivers Q2:10 vs. Q2:09 Rev. +$98.7 million % of total increase 12.4% 303.1% 13.7% 14% ) 22.1% 8% 10% 12% Revenue Advantage $21.8 in millions) 32.1% 2% 4% 6% Change in Total Off Airport $31.8 Revenue ($ 53 5% -1.3% -2% 0% AP C i l AP L i Ad t Off Ai t % C AP Commercial $52 7 Total 53.5% Commercial Leisure Advantage Off-Airport RPD YoY .% $43.84 -1.8% $45.42 -0.5% $29.13 -4.7% $35.16 +2.8% 52.7 (7.7%) % of Total U.S. RAC Revenue 32.3% 40.4% 2.7% 24.6% Note: Advantage RAC acquired April 2009 AP Leisure $(7.6) 10

Q2:10 U.S. Rent-A-Car RPD up yoy in Off Airport On Airport Commercial has annual contracted rates; competitive pricing pressure Leisure pricing weak in May/June; industry fleeting for peak season; no Easter benefit US RAC* RPD: -0.4% Trans Days: +7.0% On Airport* RPD: -1.1% Off Airport RPD: + 2.8% Trans Days: +5.5% Trans Days: +10.2% Commercial RPD: -1 8% Leisure RPD: -0 5% Total Replacement RPD: +3 0% All Other RPD: +3 1% Trans Days: +14.3% Trans Days: -0.8% Trans Days: +14.7% Trans Days: +7.2% 11 *Excludes impact of Advantage RAC

Q2:10 U.S. RAC Operating Performance Fleet efficiency in line with Q2:09 at 80.6% 10.8% more fleet Return of 3-4 day mid-week corporate renter Monthly depreciation per car down 13.5% yoy Used-car residual values seasonal stable at normal, levels Net Promoters Score rises 770 bps Airport market share through 3.31.10 up 230bps yoy for Hertz and Advantage brands (latest data available) Adjusted pre-tax income improved 18.6% yoy Adjusted pre-tax margin +70bps Corporate EBITDA up 7.5% over Q2:09 12

Europe Rent-A-Car Q2:10 revenue up 2.3%, excluding currency translation revenue up 9.6% 6% 2007 Revenue still below level RPD +3.9% Transaction Days +4.8% Icelandic Volcano: flight cancellations reduced volume, but walk-ins and one-way fees offset Continued weakness in market for trucks/vans Adjusted direct operating and SG&A expenses flat as % of sales levels Residual markets holding steady, but at low Net Promoters Score 43.6% for Q2:10 vs. 37.4% for Q2:09 Adjusted improved 59.4% excl. FX pre-tax income Includes $10 mm value-added tax claim in quarter 13

Hertz Equipment Rental (HERC) Demand improving sequentially Drivers: petro-chem in Canada; infrastructure in SE and Gulf clean up Pricing down 6.1% yoy vs. 7.4% in Q2:09 and 8% in Q1:10 Pricing stabilizing Corporate EBITDA margin 35.5% Q2:10 vs. 33.8% Q1:10 34% higher maintenance expense yoy to ready fleet for demand pick up Entertainment & Energy 0.0% Revenue Pricing Services Acquired Studio Equipment Company - 1st Call -7.4% -8.6% -9.5% -15.2% -8.0% -4% -6.1% -20.0% -15.0% -10.0% -5.0% 35 2% -26.1% -35.0% -30.0% -25.0% 09 -37.5% -40.0% Q2 09 Q3 09 Q4 Q1 10 Q2 10 14

Growth Drivers Connect by Hertz – hourly / urban 7 new universities added in Q2, now available at 45 schools Membership now exceeds 18,000, +400% during promo campaign Advantage Rent-A-Car – spartan leisure offering ~$160 million annual run rate revenue over next 12 months (acquired 4/09) 31 airport locations open – recently Las Vegas, OKC, San Jose, Chicago Off Airport – leisure, local business, monthly, insurance replacement 11% share in $10 billion domestic market 65 net locations opened Q2:10 • 298 net openings since 4/09 Volumes increasing double rate Volumes at double-digit Yield Management Car classes, insurance coverage, damage waivers, refueling, roadside service 22.8% increase from Q2:09 15

Consolidated Financial Results ($ in millions, except per share calculations) GAAP Q2 10 Q2 09 $ Change Revenue $1,879.6 $1,754.5 + $125.1 Pre-Tax Income / (Loss) ($6.2) $30.7 - ($36.9) Net Income / (Loss) ($25.1) $3.9 - ($29.0) Diluted Earnings / (Loss) per Share ($0.06) $0.01 - ($0.07) Net Cash Provided By Operating Activities $749.4 $513.9 + $235.5 Non-GAAP Q2 10 Q209 $ Change Margin Expansion Adjusted Pre-Tax Income $95.8 $81.1 + $14.7 50 bps Adjusted Net Income $58.5 $49.6 + $8.9 30 bps $ $ Corporate EBITDA 281.4 280.7 + $0.7 Adjusted Diluted Earnings per Share $0.14 $0.12 + $0.02 Levered After-Tax $145 7 ($154 3) + $300.0 Definitions and reconciliations of these non-GAAP measures are provided at the end of the presentation. Cash Flow After Fleet Growth 16

Rent-A-Car Metrics % of WW Q2:10 vs. Q2 09 Total Rental Rate Revenue Per Day Trans. Revenue Per Trans Length revenue Q209:Revenue Revenue* (RPD) Days Transaction Transactions (days) 66% U.S.** 10.1% 8.8% (1.2%) 10.1% 0.3% 8.5% 1.5% 24% Europe 9.6% 8.8% 3.9% 4.8% 6.0% 2.7% 2.1% 10% Other Int’l 9.0% 8.9% (2.3%) 11.5% 4.5% 4.2% 7.0% Worldwide 9.3% 8.8% (0.1%) 8.9% 1.7% 7.0% 1.7% Adj t d t i +21 9% i 10 9% +120 b •Adjusted pre-tax income: 21.9%; margin 10.9%, +120 bps yoy •Corporate EBITDA: +13.7%; margin 12.2%, +40 bps yoy *Rental rate revenue excludes the effects of foreign currency and consists of all revenue, net of discounts, associated with the rental of cars including charges for optional insurance products, but excluding revenue derived from fueling and concession and other expense pass-throughs, NeverLost units in the U.S. and certain ancillary revenue. ** Includes Advantage 17 ** Includes Advantage 17

Q2:10 WW Rent-A-Car Fleet Efficiency Worldwide RAC Fleet Efficiency More diverse revenue stream y Rental 78.7% 80.6% 75 0% 79.4% 81.2% 76.1% 100.00% Q2 10 Q2 09 length increased 1.7% • Return of corporate traveler 75.0% - shorter rental length per transaction: 3-4 days • Leisure rental 4.5 50.00% typically days • Insurance replacement rental 10 25.00% Fleet efficiency: % of days car is rented compared with avg. averages days 0.00% WW RAC US Int'l number vehicles available to rent. Formula: ((Annualized Transaction Days / 365) / Average Fleet)) 18

Rent-A-Car Fleet Depreciation Worldwide monthly rental car net depreciation continues to improve Q2:10: 11.6% yoy p down U.S. Q2:10 monthly net depreciation per car down 13.5% yoy 2.3% below 2007 pre-recession levels Europe’s monthly net depreciation per car improved 8.1% in Q2:10 yoy Stabilizing, but still low residual values Avg. younger fleet as new fleet Avg. cars are purchased to meet demand/refresh Fleet Age & Mix Q2:10 Q2:09 US RAC Monthly Depreciation Per Car U.S. Risk % 61% 76% Total Average Age (months) 7.3 9.1 I t ti l $342 $330 $340 $350 -13.5% International Risk % 56% 58% Total Average Age (months) 7.2 8.1 Worldwide $319 $316 $303 $300 $310 $320 Risk % 59% 70% Total Average Age (months) 7.3 8.7 $296 $290 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 19

Remarketing Strategy g gy Increasing use of non-auction sales channels Alternative 39% • Dealer-direct now 19% of all U.S. risk Auction 61% car sales, up from 2% in FY07 • U.S. auction sales 61% of total Q2:10 Q2:10 US Risk Car Sales Channels vs. 87% in FY07 • Retail / online auction/ Rent2buy - cars on rent up Wholesale Auction 61% Alternative Channels 39% Retail 6% until the day purchased • Now licensed in 22 states to sell cars through Rent2Buy 3% Dealer Direct 19% hertzrent2buy.com Online Auction 11% Total 100% 20

Hertz Equipment Rental ( HERC) q p ) 2-Yr Quarterly Pricing Performance ‘09-’10 Q1 Q2 Quarterly Pricing Performance 2010 YoY HERC RSC URI -4.0% -2.0% 0.0% 2 0% 4 0% -2.0% 0.0% -12.0% -10.0% -8.0% -6.0% -6.1% -8.4% -2.0% -7.4% -7.7% 10 0% -8.0% -6.0% -4.0% Q2:10 Q2:09 -12.3% -13.9% -14.0% -16.1% -18.6% -16.0% -20.0% -18.0% -16.0% -14.0% HERC RSC URI -14.0% 16 0% -14.0% -12.0% -10.0% $118.2 -$5.9 -$0.5 -$15.1 -$2.4 $94.3 HERC Corporate EBITDA Bridge -16.0% ($ in millions) Q2-2009 Corp EBITDA Cost of Rental and SGA Rental Volume Rental Rates Ancillary Revenue Q2-2010 Corp EBITDA 21

Hertz Equipment Rental ( HERC) Residuals at auction are stabilizing q p ) g (May ‘10 OLV Rouse Data): 59.6%, +3.7pts since YE09 A fl t th 1 5 th f Q1 Average fleet age: 48 months, +1.5 month from Q1:10 Higher maintenance expenses incurred to ready fleet for recent demand Purchase new equipment selectively for new geographies & specific projects North America Revenue Diversification Q2:10 Q1:10 Q2:09 Construction 36.3% 38.0% 43.1% Industrial 29.1% 28.7% 23.0% Fragmented 34.6% 33.3% 33.9% 22

HERC Fleet Statistics WW HERC Fleet Size WW HERC Fleet Change ( net book value basis) $2,841.7 $2,833.7 $ 2,830.0 $2 780 0 $3,000.0 ($ in millions) At Actual FX Rates C eet C a ge et boo a ue bas s) ($ in millions) At Constant FX Rates Q2 10 Q2 09 , , 2,780.0 $2,703.7 $1,945.4 $1,893.1 $2,500.0 Beginning Fleet $1,729.8 $1,998.6 Additions $34.2 $12.2 Disposals ($45.1) ($35.7) D iti t 1,945.4 1,893.1 $1,832.3 $1,743.4 $1,649.1 $1,500.0 $2,000.0 Depreciation, net ($62.6) ($70.6) (Table 6: "Equipment rental maintenance capital expenditures, net") $500.0 $1,000.0 p p ) Ending Fleet $1,656.3 $1,904.5 Fleet Capex, net ($73.5) ($94.1) (T bl 6 E i t t l fl t $- Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Table 6: "Equipment rental fleet growth capital expenditures") Disposals (1st cost basis) 76 0) 76 8) Avg Acquisition Cost Net Book value ($76.0) ($76.8) 23

2010 FINANCING UPDATE Financing Status Comment EUR 400M France/Netherlands Closed Cl d Securitization Refinanced a portion of existing International ABS Facility EUR400M Secured Note; 80% adv. rate Closed Closed Closed Refinanced International Bridge Facility EUR220M Super Senior Secured Revolving Credit Facility Closed $184.3M Series 2009-2 Subordinated ABS Closed Incremental liquidity from existing collateral Closed Closed Hertz’s first ever subordinated rental car ABS $ 750M Series 2001-1 Senior & Closed Incremental Fleet Financing for Fleet Growth Subordinated ABS C osed g Blended advance rate of 75% First ever stand-alone 7-year rental car ABS Closed $250M Australian Securitization In Process Will refinance remainder of International ABS Facility BRL150M to 200M Brazilian ABL In Process Will refinance existing Brazilian Fleet Financing Facility In Process In Process Raised $5.5bb in fleet debt over last 12 months 24

Cash Flow Cash Flow from Operations: $749.4 million, +45.8% yoy 145 7 vs 154 3) Q2:10 Levered Cash Flow: $145.7 million vs. ($154.3) million in Q2:09 – historically a cash user in Q2 Net working capital days at June 30, 2010, improved 25.7% g p y p Executed fewer acquisitions in Q2:10 vs Q2:09 Lower cash restructuring expenses o e cas es uc u g e pe ses Modestly improved advance rates with ABS sub note issuance FY10 to decline ppts 67% Corporate Liquidity @ 6/30/10 advance rates expected by 5 to from 72% in 2009 Total net corporate debt $3.6 billion 6 4 ($ in millions) Unrestricted Cash: $ 897 Corporate Total net fleet debt $6.4 billion Unrestricted cash $896.8 million Revolver: 816 Corporate Liquidity: $1,713 25

Interest Expense | Restructuring | Taxes Interest expense, net of interest income, +$19.3 million Q2:10 vs. prior year Higher fleet on debt levels and full quarter impact of interest convertible FY10 now expect incremental interest expense to be only $75-$85 million yoy due to betterthan- expected terms and pricing on fleet debt refinancings and lower short-term floating rates Restructuring & restructuring-related charges $22.3 million Q2:10 of which $8.6 million was cash vs. $33.3 million last year HERC facility closing costs YTD expenses $38.3 million Taxes Q2:10 GAAP Tax Expense : 14.2 million vs. $ 22.9 last year Q p y Q2:10 cash taxes paid: $6.1 million vs. $6.2 million in Q2:09 Annual adjusted tax rate normalized = 34% FY2010 projected cash taxes $40-$50 million, slightly higher than ‘09 due to tax audit settlements 26

Covenant Compliance Full compliance with corporate covenants 3.54x (Max 5.25x) on consolidated leverage ratio 3.40x (Min 2.00x) on interest coverage ratio Corporate Debt Covenants 2010 - 2012 Q2 Q3 Q4 Leverage Ratio (Max) 5.25x 5.25x 4.75x Interest Coverage Ratio (Min) 2.00x 2.00x 2.25x NOTE: Covenant calculations do not include Convertible Notes issued under Hertz Global Holdings in May 2009, since covenants only apply to The Hertz Corporation results. 27

Q3:10 Outlook U.S. RAC Summer price increases offset gap from last year’s peak leisure pricing Domestic, seasonal leisure demand in July / August = low double-digit expansion Expect record adjusted pre tax income pre-levels for rest of year EUROPE RAC Expect Europe rental car to capture high single-digit revenue growth Will benefit from commercial / leisure price increases instituted last quarter HERC Benefitting from yoy comparisons continued favorable and upswing in demand Expect positive yoy revenue / volume growth; steadily improving utilization Pricing is still unpredictable, If volume continues at current pace, yoy pricing = only low single-digit declines Trends should result in double-digit increase in adj. pre-tax margin this quarter 28

Risks: Global Economic Volatility 3.7% 5.0% 2.4% -6.8% 29 U.S. GDP Growth Moderates GDP: LAST SEVEN QUARTERS 5% 3% 0 -4% -8% Q4 2008 Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 SEASONALLY ADJUSTED ANNUAL GROWTH RATE. SOURCE COMMERCE DEPARTMENT

Guidance Affirmation Total bln Revenue: $7.5 to $7.7 Adjusted pre-tax mln income: $290 to $305 WW RAC net depreciation per vehicle assumption improves to -6% -7% to EBITDA: $1.080 to $1.095 bln Corporate Adjusted EPS: $0.43 to $0.45 Based on full year adjusted diluted share count of 410 million in 2010 30

2nd Half 2010 Sensitivity to Adj. Pre-tax Income Adjusted Pre-tax Impact ($mil) of 1.0% Change WW RAC •Pricing $ •Volume (Days) •Net Depr. Per unit 27.0 10.0 8.5 WW HERC •Pricing 4.5 •Volume 1.5 Cost Efficiencies 27.0 Total Sensitivity per 1.0% improvement $78.5 1) 1) 1.0% of total cost base excluding net depreciation