Ryder System (R) Investor presentation summary

Transformative business model and financial performance

• Achieved significantly higher earnings and returns post-transformation, with 2025 comparable EPS at $12.92 and adjusted ROE at 17%, both well above 2018 levels.

• Enhanced annual returns and cash flow through de-risked model, reduced reliance on used vehicle proceeds, and exited underperforming geographies.

• Positive free cash flow over the cycle, with 2025 and 2026 forecasted at $0.9B and $0.8B, respectively.

• Majority of operating revenue is contractual, providing multi-year recurring cash flow and supporting long-term value creation.

• Strong balance sheet and increased capital deployment capacity enable investment in growth and shareholder returns.

Market leadership and growth opportunities

• Holds a leadership position in North American logistics and transportation outsourcing, offering port-to-door solutions.

• Serves large, diversified markets with over $12.7B in revenue, 51,600 employees, and 240,000 vehicles.

• Well positioned to address industry challenges such as dynamic supply chains, labor constraints, and disruptive technologies.

• Asset-light business growth and focus on higher-return segments drive resilience and scalability.

• Complementary business segments create synergies, with 50% of new DTS sales from FMS upsell opportunities.

Customer-centric innovation and technology

• Invests in customer-facing technology, including AI-powered optimization, warehouse automation, and proprietary platforms like RyderShare and RyderGyde.

• Technology strategy informed by customer advisory boards and investments in logistics startups.

• Enables proactive supply chain management and operational efficiencies for clients.