1. Market Trends Support Long-term Outsourcing Decisions

   1. Pent-up demand for fleet replacement

   2. High purchase cost of new vehicle technology

   3. Increased vehicle maintenance complexity

   4. Limited credit availability for private fleet owners

   5. Complexity and dynamics of global supply chains

   6. Safety regulations limiting pool of qualified drivers

More information regarding trends for outsourcing can be found in our 2011 Annual Review

2. Key Leading Indicators Support Improving Fundamentals

   1. Strong rental demand and utilization

   2. Increasing rental pricing

   3. Improving lease sales and renewal activity

   4. Strong used vehicle demand and pricing

   5. Growing volumes in supply chain vertical markets

More information can be found in Key Performance Indicators

3. Strong Brand Position Operating in Large Markets

   1. Leading position in fleet management market

   2. Strong customer reputation in supply chain market

   3. Large non-outsourced market potential in all segments

   4. Leverageable facility network

   5. Investing in technology and product development

More information can be found on the Market Position document within Investor Tool Kit

4. Delivering Positive Free Cash Flow Over Business Cycle

   1. Fundamental business model changes result in improved free cash flow

   2. Strong cash flow generated during recession supports business

   3. Higher investment in stronger economy to yield future growth

   4. Demonstrated positive and improved free cash flow over business cycle

More information can be found on the Free Cash Flow History document within Investor Tool Kit

5. Balance Sheet Positioned to Support Shareholder Value

   1. Substantial access to capital markets to support growth

   2. Balance sheet leverage is at the low end of  target range

   3. Opportunity to support organic growth, acquisitions and/or share repurchases as appropriate over time

   4. Seven increases in dividend since 2004

   5. No changes in credit ratings during recession

More information can be found in Debt Profile