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63 64 Driving 20-22% adjusted operating margin by FY25 ▸ Improve revenue quality Pricing discipline and profitable share growth ▸ Invest in our people and network Deliver outstanding service ▸ Continue to innovate Dimension in Motion and RFID Technology *Non-GAAP financial measure; see appendix for more information Leveraging our unique portfolio to deliver: ▸ Expand Freight Direct Profitable e-commerce offering Grow Cross-border Significant profitable growth opportunity ▸ Enable FedEx Ground and Express Lower cost-to-serve and improve customer experience FedEx 21293HX FedEx 6/28/22 32

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