Ryder 2022 Investor Day
Structural Changes Have Significantly Improved Core Earnings
$5.95
2018 EPS
Prior Cycle Peak
EARNINGS DRIVERS
Actions Increasing Earnings
Midpoint²
$13.90
Outsized
FMS Lease
Pricing
$4.65
Gains/
Rental
FMS Maintenance
Initiatives
+ $0.90
Profitable
SCS/DTS Growth
+ $1.50
- $0.30
+ $1.20
Used Vehicle Sales/
Depreciation Net¹
Well-positioned for Structurally Higher Quality Earnings
SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS
RYDER 2022 INVESTOR DAY
1 Represents Used Vehicle Sales improved performance net of Depreciation related to prior residual estimate changes. 2 Midpoint of 2022 Comparable
EPS Forecast of $13.40 - $14.40. Includes Non-GAAP Financial Measures such as Comparable EPS. Please see Appendix - Non-GAAP Financial Measures
for the reconciliation to the GAAP Financial Measure
$9.25
2022 Comparable
EPS Forecast
Ryder
Ever better.™
$9.25
Core EPS
Expected
to Grow
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