avisbudgetgroup.com

Various risks that could cause future results to differ from those expressed by  the forward-looking statements included in this press release include, but are not limited to, the severity and  duration of the COVID-19 outbreak, which is expected to continue to have a significant impact on our operations,  and resulting economic conditions and related restrictions, the high level of competition in the mobility industry,  changes in our fleet costs, including as a result of a change in the cost of new vehicles, manufacturer recalls and/ or the value of used vehicles, disruption in the supply of new vehicles, disposition of vehicles not covered by  manufacturer repurchase programs, our ability to realize our estimated cost savings on a timely basis, or at all,  the financial condition of the manufacturers that supply our rental vehicles which could affect their ability to  perform their obligations under our repurchase and/or guaranteed depreciation arrangements, the significant  decline in travel demand as a result of COVID-19, including the current and any further disruptions in airline passenger traffic, the absence of an improvement in or any further deterioration in economic conditions  generally, particularly during our peak season and/or in key market segments, any occurrence or threat of  terrorism, the current and any future pandemic diseases or other natural disasters, any changes to the cost or  supply of fuel, risks related to acquisitions or integration of acquired businesses, risks associated with litigation,  governmental or regulatory inquiries or investigations, risks related to the security of our information technology  systems, disruptions in our communication networks, changes in tax or other regulations, a significant increase in  interest rates or borrowing costs, our ability to obtain financing for our global operations, including the funding  of our vehicle fleet via asset-backed securities markets, any fluctuations related to the mark-to-market of  derivatives which hedge our exposure to exchange rates, interest rates and fuel costs, our ability to meet the  covenants contained in the agreements governing our indebtedness, and our ability to accurately estimate our  future results and implement our cost savings actions. The GAAP measures most  directly comparable to Adjusted EBITDA, Adjusted Free Cash Flow, Adjusted pretax income (loss), Adjusted net  income (loss) and Adjusted diluted earnings (loss) per share are net income (loss), net cash provided by operating  activities, income (loss) before income taxes, net income (loss) and diluted earnings (loss) per share, respectively. Adjusted EBITDA, which represents income (loss) from continuing operations before non-vehicle related  depreciation and amortization, any impairment charges, restructuring and other related charges, early extinguishment of debt costs, non-vehicle  related interest, transaction-related costs, net, charges for unprecedented personal-injury and other legal matters, non-operational charges related to  shareholder activist activity, gain on sale of equity method investment in China, COVID-19 charges and income taxes. Provided by Operating Activities adjusted to reflect the cash inflows and outflows relating to capital expenditures, the investing  and financing activities of our vehicle programs, asset sales, if any, and to exclude debt extinguishment costs, transaction-related costs, restructuring  and other related charges, COVID-19 charges and non-operational charges related to shareholder activist activity.

announced today that it plans to report its fourth quarter and full year 2020 results after the market close on Tuesday, February 16th, 2021, and to host a conference call for institutional investors to discuss these results on Wednesday, February 17th, 2021 at 8:30 a.m. Eastern time. Eastern time on February 17th, 2021 until 10:00 p.m. on March 3rd, 2021 at (877)-660-6853 using conference code 13715071. About Avis Budget Group Avis Budget Group, Inc. is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world’s leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world.

Various risks that could cause future results to differ from those expressed by the forward-looking statements included in this press release include, but are not limited to, the severity and duration of the COVID-19 outbreak and resulting economic conditions and related restrictions, the high level of competition in the mobility industry, changes in our fleet costs, including as a result of a change in the cost of new vehicles, manufacturer recalls and/or the value of used vehicles, disruption in the supply of new vehicles, disposition of vehicles not covered by manufacturer repurchase programs, our ability to realize our estimated cost savings on a timely basis, or at all, the financial condition of the manufacturers that supply our rental vehicles which could affect their ability to perform their obligations under our repurchase and/or guaranteed depreciation arrangements, any further deterioration in economic conditions generally, particularly during our peak season and/or in key market segments, any further deterioration in travel demand, including airline passenger traffic, any occurrence or threat of terrorism, the current and any future pandemic diseases or other natural disasters, any changes to the cost or supply of fuel, risks related to acquisitions or integration of acquired businesses, risks associated with litigation, governmental or regulatory inquiries or investigations, risks related to the security of our information technology systems, disruptions in our communication networks, changes in tax or other regulations, a significant increase in interest rates or borrowing costs, our ability to obtain financing for our global operations, including the funding of our vehicle fleet via asset-backed securities markets, any fluctuations related to the mark-to-market of derivatives which hedge our exposure to exchange rates, interest rates and fuel costs, our ability to meet the covenants contained in the agreements governing our indebtedness, and our ability to accurately estimate our future results and implement our cost savings actions. The GAAP measures most directly comparable to Adjusted EBITDA, Adjusted Free Cash Flow, Adjusted pretax income (loss), Adjusted net income (loss) and Adjusted diluted earnings (loss) per share are net income (loss), net cash provided by operating activities, income (loss) before income taxes, net income (loss) and diluted earnings (loss) per share, respectively. Adjusted EBITDA, which represents income (loss) from continuing operations before non-vehicle related depreciation and amortization, any impairment charges, restructuring and other related charges, early extinguishment of debt costs, non-vehicle related interest, transaction-related costs, net charges for unprecedented personal-injury legal matters, non-operational charges related to shareholder activist activity, gain on sale of equity method investment in China, COVID-19 charges and income taxes. Provided by Operating Activities adjusted to reflect the cash inflows and outflows relating to capital expenditures, the investing and financing activities of our vehicle programs, asset sales, if any, and to exclude debt extinguishment costs, transaction-related costs, restructuring and other related charges, COVID-19 charges and non-operational charges related to shareholder activist activity.

Inc. (NASDAQ: CAR) announced today that it plans to report its third quarter 2020 results after the market close on Thursday, October 29th, 2020, and to host a conference call for institutional investors to discuss these results on Friday, October 30th, 2020 at 8:30 a.m. Eastern time. Avis Budget Group, Inc. is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world’s leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group is headquartered in Parsippany, N. J.