Investor Presentaiton

Balanced commitment to driving TSR 12 47 4-6% REVENUE EXPANSION Executive long-term incentives linked to TSR going forward TSR1 18-22% 10-11% MARGIN EXPANSION 4-5% CASH PAYOUT YIELD2 Balanced growth and focus on margin expansion Rigorous ROIC lens to all capital allocation FedEx Investors Meeting June 29, 2022 48 6/28/22 1. Assumes no change in P/E multiple in order to isolate impact of net income growth and dividend yield 2. Inclusive of dividends, buybacks, pension fund contribution, and unallocated cash flows 24

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