Investor Presentaiton

FY23 operating income reconciliation for FedEx Corporation Dollars in millions Operating Income $4,912 GAAP measure MTM retirement plans accounting adjustment Business optimization costs Goodwill and other asset impairment charges Business realignment costs FedEx Ground legal matter Non-GAAP measure 273 117 36 35 $5,373 FY24 outlook midpoint operating income forecast Dollars in millions Operating income (GAAP measure) Business optimization costs Adjusted operating income (non-GAAP) $5,750 550 $6,300 29 30

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