Ryder 2022 Investor Day

Long-term Financial Model ROE Long-term Average Over the Cycle Component drivers to achieve ROE target include: Operating Revenue Growth Total Ryder Fleet Management Supply Chain Dedicated EBT as % of Operating Revenue Fleet Management Supply Chain and Dedicated Leverage (Debt-to-Equity) TARGET High Teens (Up from 15%) High Single Digit (New) Mid Single Digit Low Double Digit (Up from High Single Digit) High Single Digit Low Double Digit (Up from High Single Digit) High Single Digit 250%-300% Business Positioned to Deliver Strong Returns through the Cycle SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS RYDER 2022 INVESTOR DAY Ryder 21 Ever better.™

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