Investor Presentaiton

15 16 FedEx FedEx FedEx Disciplined execution targeting to deliver by FY25: Stable, sustained revenue growth in attractive segments Expand margins and profitability Lower our capital intensity and increase our ROIC focus $105B-$110B Revenue (4-6% CAGR) 10% adjusted consolidated operating margin* 11.5%+ ROIC* 25%+ dividend payout* 18-22% TSR via a balanced approach ALL TARGETS FOR FY25 Our people move us forward P Fel *Non-GAAP financial measure; see appendix for more information FedEx 6/28/22 8

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