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Investor Presentaiton

55 56 Investments and flexibility have positioned the business to enable long-term success edEx. INVESTMENT IN OUR PEOPLE Higher labor retention and staffing FLEXIBILITY OF OUR MODEL Flat P&D costs over past 3 years FedEx FedEx Gore DELIVER TODAY 8.0% FY22 *Non-GAAP financial measure; see appendix for more information Positioned to sustainably deliver double-digit margins + IMPROVED PORTFOLIO PRODUCTIVITY AND COST LEVERS PROFITABILITY 11-12% FY 25* 6/28/22 28

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