Investor Presentaiton

• Key messages Delivering another strong Peak season while sustaining superior service levels DRIVE enabling improved profitability with two consecutive quarters of operating income growth and margin expansion against declining revenues Reaffirming FY24 adjusted EPS* outlook *Non-GAAP financial measure; see appendix for more information Results overview Transformation driving improved profitability Revenue Q2 FY24 Results Q2 FY24 Commentary: $22.2B • (3)% YoY Revenue remained pressured, driven by volume declines at Express and Freight Adj. operating income* Adj. operating margin* Adj. EPS* $1.4B 17% YoY 6.4% +110 bps $3.99 25% YoY • *Non-GAAP financial measure; see appendix for more information Ground and Freight delivered improved operational performance translating to strong operating income growth Adjusted consolidated margin growth reflects DRIVE initiatives taking hold and improved operational execution 6

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