Investor Presentaiton

61 62 32 6/28/22 " FedEx P39730 FedEx Freight fedex.com 1.800.GoFedEx FedEx Freight: Continued Focus on Profitable Growth FedEx Freight - accelerating improved financial performance in a dynamic market OP. MARGIN 8.2% 8.1% 7.2% 7.2% 6.1% 12.8% 1,005 615 580 490 421 371 17.4% FY22 YOY +22% REVENUE 1,663 +18% REVENUE QUALITY* FY16 FY17 FY18 FY19 FY20 FY21 FY22 OP. INCOME ($M) "Measured as revenue per shipment +460 bps OP. MARGIN INCREASE 31

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