Ryder 2022 Investor Day
Residual Value Estimates at Historically Low Levels
HISTORICAL SALES PRICE AS A % OF ORIGINAL COST
155
115
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175
165
Truck Residual Index¹
185
175
165
155
145
135
145.
135
125
Residual Estimate for Accounting
125.
115.
105
105
95
95
85
85
75
75
65
65
55
55
45
45
35
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
RESIDUAL VALUE
ESTIMATE
ACTIONS TAKEN
Tractor Residual Index¹
Residual Estimate for Accounting
Range
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Accounting Residuals: Lowered residual
value estimates ~30% to address used
vehicle volatility risk and incorporated
a tractor downturn into estimates
Pricing Residuals: Underwriting
residuals used in lease pricing also set
at historically conservative levels
Achieve Target Returns with Reduced Reliance on Used Vehicle Proceeds
SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS
RYDER 2022 INVESTOR DAY
1 Illustrative for Truck and Tractor (U.S. only) fleets. Depicts Ryder's sales prices as a percent of original cost indexed to the value in 1999 to show the
percent change in value each year. Excludes vehicles operated in excessively high mileage applications and sales prices adjusted to a consistent age at sale.
Sales prices incorporate retail/wholesale mix at the respective time periods.
Ryder
88
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