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Ryder 2022 Investor Day

Comparable EPS Reconciliation 2014-2018 2014 2015 2016 2017 2018 Average EPS from continuing operations (GAAP) Non-operating pension costs Goodwill impairment $ 4.14 $ 5.73 $ 4.95 $ 13.54 $ 5.43 $ 6.76 0.05 0.19 0.33 0.31 0.09 0.19 - 0.29 0.29 Restructuring and other charges, net 0.03 0.23 0.06 0.15 0.08 0.11 ERP Implementation Costs 0.01 0.01 Tax reform-related and other tax adjustments, net Uncertain tax provision || (9.62) 0.19 (4.72) (0.08) (0.08) Pension lump sum settlement expense 1.16 1.16 Pension-related adjustments 0.14 (0.01) 0.09 0.06 0.07 Operating tax adjustment 0.03 0.03 Gain on sale of property (0.27) (0.27) Acquisition-related tax adjustment 0.03 0.03 Acquisition transaction costs 0.01 0.01 Tax law changes (0.03) (0.04) 0.03 (0.06) (0.03) Comparable EPS from continuing operations (non-GAAP) $ 5.53 $ 6.10 $ 5.43 $ 4.23 $ 5.95 $ 5.45 SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS RYDER 2022 INVESTOR DAY Note: Amounts may not be additive due to rounding. Ryder Ever better.™ 110
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