# Autonomous fleet servicing illustration / V5 slide 34

Prepared September 22, 2026. All commercial inputs below are invented teaching assumptions. They are not actual Hertz, Avis, Tesla, Uber or Waymo contract rates, company guidance or a forecast.

- Vehicles: 1,000, owned and funded by the customer, available to the contract for all 12 months.
- Monthly service fee per vehicle: $400. Annual revenue = 1,000 x $400 x 12 = $4,800,000.
- Monthly direct cash cost per vehicle: $250. Annual direct cost = 1,000 x $250 x 12 = $3,000,000.
- Annual fixed cash operating costs: $600,000.
- Remaining operating contribution = $4,800,000 - $3,000,000 - $600,000 = $1,200,000.

This contribution is before capital expenditure, financing and taxes. It is not reported corporate EBITDA or free cash flow. The direct cost is an aggregate placeholder for labor, energy, supplies and other contract activity, not a researched estimate of their real total. Actual scope and reimbursement terms determine which costs the operator bears. Working capital, depreciation of operator-owned facilities, insurance, penalties and incremental obligations require a fuller model.

Service-only economics differ from owning the vehicles and taking residual-value risk. Minimum volume, ramp timing, termination rights, energy and labor pass-through, depot funding and service-level penalties could materially change returns. These illustrative service revenues are not added to Hertz's reported revenue or Oro's revenue ambition. No autonomous or advertising premium is separately added to the valuation scenarios.