Ryder 2022 Investor Day

Balance Sheet Flexibility Enables Shareholder Value Creation AS OF MARCH 31, 2022 Available Liquidity Net Debt COMMENTARY • Solid Investment Grade credit ratings for 25+ years Leverage expected to decline below 250%-300% target range in 2022 Leverage allows flexibility to pursue strategic M&A opportunities and share repurchases $1.0B • . $6.6B Leverage (Debt/Equity) 256% Strong Balance Sheet Positioned for Cycle and Strategic Capital Deployment SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS RYDER 2022 INVESTOR DAY Ryder 96 Ever better.™

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