Ryder 2022 Investor Day
Expect to Deliver Record Results Reflecting Strong Demand
and Structural Changes
WHERE WE WERE
WHERE WE ARE
2018
2022 Forecast
Revenue
FMS
$4.7B
56%
$5.4B
47%
SCS
$2.4B
28%
$4.3B
38%
+
44%
+
53%
DTS
$1.3B
16%
$1.6B
15%
Operating Cash Flow
$1.7B
$2.3B
Free Cash Flow
$(936M)
$550M - $650M
Comparable EPS
$5.95
$13.40 - $14.40
Comparable EPS (Core)
$5.95
$9.00 - $9.50
ROE
12.7%
24% -26%
HIGHLIGHTS
ROE and EPS benefiting from structural
business model improvements as well as
outsized used vehicle and rental markets
SCS/ DTS revenue now greater than 50%
Operating Cash Flow is recurring and
growing
Higher FCF reflecting balanced growth
strategy
Improvement in Returns, Higher Cash Flow, and Revenue Shift Toward SCS and DTS
SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS
RYDER 2022 INVESTOR DAY
Note: Includes Non-GAAP Financial Measures, such as Free Cash Flow, Comparable EPS and ROE. Please see Appendix - Non-GAAP Financial Measures
for the reconciliation to the GAAP Financial Measure.
Ryder
19
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