Investor Supplement - Segments, Innovation, Financials and ESG (04/23/2026 08: 30

Published: 2026-05-13 17:47:16 ET R

Published on 05/13/2026 at 05:47 pm EDT

Investor Supplement

Proprietary and Confidential

@ 2026 Ryder System, Inc.

Segment Overview, Innovation, Financials and Corporate Responsibility

-°^ e

Ever âener.

Segment Overview

SUPPLY CHAIN DEDICATED TRANSPORTATION FLEET MANAGEMENT SOLUTIONS

@ 2026 Ryder System, Inc. 3

~15% Outsourced1

Fleet Management Solutions

$110B

Addressable Market1

~25% Outsourced1

Supply Chain Solutions

$1.5T

Addressable Market1

Growth opportunity to penetrate large, non-outsourced market

Proprietary and Confidential

~6% Outsourced1

Dedicated

Transportation Solutions

$500B

Addressable Market1

@ 2026 Ryder System, Inc.

1 Sources: Polk/HIS, Armstrong & Associates, Ryder estimates.

Dedicated

(28% SCS revenue)

Transportation Management (12% SCS revenue)

E-commerce & Ryder Last Mile (18% SCS revenue)

Co-man / Co-pack and Other Services

(6% SCS revenue)

Distribution Management

(36% SCS revenue)

(39% of 2025

RSI Operating Revenue)

Warehouse/distribution center operations (105M sq. ft.)

Supply Chain Solutions

Warehouse design/automation

Inbound/outbound materials management

Kitting, packaging & refurbishment

Just-in-time replenishment

Reverse logistics

E-commerce network support

Transportation component of integrated logistics solution

Includes drivers and equipment

Services related to routing & scheduling, fleet design, technology and management & administrative support

Procure / execute

~$10B in freight moves as customer's agent

All modes of transportation

Shipment optimization and execution

Freight brokerage

Freight bill audit and payment

E-commerce fulfillment provider

Last mile delivery provider of big & bulky goods

National network able to reach 100% of US consumers within 2-days

Contract manufacturing

Contract packaging

Strategic consulting services

Sample Clients:

Supported by: IT Solutions

Transportation & warehouse management systems - Network optimization tools - Inventory & shipment visibility tools

Current Customers

Comprehensive solutions for over 700(1) customers

Operate 105 million square feet of warehouse space in North America

Manage ~29,000 border crossings per month between the US, Mexico and Canada

Approximately 13,000 vehicles from FMS are utilized to support SCS customers

Focus is on customers with sophisticated logistics requirements -many require an integrated solution that combines two or more service offerings

Opportunity to expand customer relationships to include fast growing offerings in e-commerce

Industry Vertical Focus

Consumer

packaged Automotive

goods 26%

29%

Omnichannel

retail 32%

Industrial &

Other 13%

% of FY25

Operating Revenue

Excludes brokerage customer accounts

Market Size

Outsourced supply chain logistics market in the US is estimated to be approximately $230 billion and is growing faster than the overall economy

Companies continue to increase logistics outsourcing to reduce costs and focus on core competencies

Specialized capabilities and proactive solutions based on deep industry expertise

Differentiated functional execution and deep industry expertise will drive growth

(18% of 2025 RSI Operating Revenue)

Transportation Management

(12% of DTS Revenue)

Dedicated Transportation

(88% of DTS Revenue)

Dedicated Transportation Solutions

Turnkey transportation service

Professional drivers

Vehicles

Routing & scheduling

Management & administrative support

Procure and execute freight moves as customer's agent

Shipment planning and execution

Freight brokerage

Freight bill audit and payment

Origin/destination services

Supported by: IT and Engineering Solutions

Network optimization tools that efficiently allocate freight between a dedicated fleet and third-party common carriers

Sample Clients:

Diversified portfolio comprising ~200 customers

Market Opportunity (U.S.)

~$30B outsourced of $500B highly, addressable DIY market

Industrial

Retail Construction Food & Beverage

Metals

Hi-tech/Healthcare 4%

Utilities 4%

Energy 3%

Other 6%

Ryder's Dedicated Offering

Focused on developing flexible solutions for customers

Customer service capabilities include ability to flex with freight volumes; closed-loop, multi-stop shipments; tight delivery windows; high-value, time sensitive freight

22%

19%

17%

14%

11%

(Based on 2025 DTS Customer Count)

Driver Recruiting

Ryder employs 12,700 professional drivers and ~30 dedicated recruiters

A key source for drivers has been former military personnel

Synergies with FMS & SCS

18,000 vehicles from FMS are utilized to support DTS customers

DTS and SCS share engineering and IT resources

Significant growth opportunity for DTS as most services in the large, highly addressable dedicated transportation services market are provided by customers themselves

Growth Opportunities

Leverage secular outsourcing trends such as driver shortage, increased safety regulations and equipment cost/complexity

Address market demand for flexible capacity

Conversions from FMS and Private Fleets

Upsell targeted FMS customers to a dedicated solution - increases revenue 4-5x with increased margin, return on capital and customer retention -significant source of growth

Continued Penetration of Target Markets

Ryder's dedicated offering differentiates itself from truckload carriers by its ability to provide more specialized services for customers across industries

Safety Focus

Safety is one of Ryder's core values

DriveCam® technology is installed on all DTS and SCS vehicles and is aimed at improving safety, while also providing a cost-benefit to Ryder and its customers

(43% of 2025 RSI Operating Revenue)

ChoiceLease

(68% FMS Operating Revenue)

SelectCare & Other

(13% FMS Operating Revenue)

Commercial Rental

(18% FMS Operating Revenue)

Fleet Management Solutions

Commercial vehicles for short-term customer needs

Used by both lease and non-lease customers

Complementary service offering for ChoiceLease customers

Long-term contractual agreement

Includes vehicle procurement, flexible levels of maintenance services and used vehicle disposition

Comprehensive package of fleet support services available

Comprehensive, preventive maintenance services

Vehicles are owned by our clients or under third-party finance lease contracts

Safety Services

Regulatory Reporting

Sample Clients:

Note: Revenue percents based on segment operating revenue (excludes fuel).

Includes Non-GAAP Financial Measures, such as Operating Revenue. Please see Appendix - Non GAAP Financial Measures for the reconciliation to the GAAP Financial Measure.

Diversified customer base represents a broad range of industries

Transportation & Warehousing 26%

Market Opportunity (U.S.)

Most vehicles in the large, highly addressable truck leasing,

Total Market

Food & Beverage

Housing Business & Personal Services Retail Stores & Apparel

Industrial Automotive

Energy, Chemicals & Plastics

Other

13%

10%

23%

maintenance and rental market are owned and managed by customers themselves - represents a significant growth opportunity for FMS

Sources of Growth

Private Fleet & For-Hire Conversions

Largest opportunity for growth

Customer / Economic Expansion

10.8M vehicles

3.5M

vehicles

~800k vehicles

Outsourced

Highly Addressable DIY Market

Customer Profile

Successfully services large and small private fleets

~12K ChoiceLease/ SelectCare contractual customers

Proprietary and Confidential

~27K commercial rental customers

(% of 2025 Lease, Rental & SelectCare Revenue)

Operating Locations

~800 operating locations (operates in U.S. and Canada)

Opportunity to leverage maintenance infrastructure with fleet growth

Fleet additions with existing customers by expanding geographies served and/or resulting from customer growth

Share Gain

Ability to leverage maintenance infrastructure enhances competitive position in existing outsourced rental/lease market in U.S. and Canada

Strategic Opportunities

Supplement to organic growth where mutual interest exists

Focused on accretive deals in core rental/leasing business to leverage existing facility infrastructure

A key component of the Balanced Growth Strategy implemented in late 2019 is the moderation of FMS growth and the acceleration of growth in SCS and DTS

A strategy for moderate FMS growth targets higher returns and positive free cash flow over the cycle

Historical ChoiceLease Fleet Growth(1)

10,500

9,600

6,800

5,200

6,400

Macro trends that favor outsourcing combined with sales and marketing initiatives targeting private fleet conversions drove seven consecutive years of organic lease fleet growth (2013-2019)

Lease fleet declined in 2020 and 2021 due to lower sales and renewal activity primarily

1,700

3,200

4,100

(5,700)

4,300

(3,600)

reflecting COVID effects. 2021 fleet decline was

also impacted by OEM delivery delays.

In 2022, lease fleet in North America increased 1,300 units, however the global fleet declined as a result of exiting the UK business. OEM delivery delays continued to impact fleet growth.

2024 fleet growth reflects the acquisition of Cardinal Logistics

2025 decline reflects customer fleet downsizing

(10,200)

(8,500)

amid a prolonged freight market downturn

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Contractual lease growth contributed to a significant increase in comparable EBITDA over the period, but pressured free cash flow during years with high lease fleet growth

Represents global lease fleet growth excluding UK trailers 2013-2017; 2016 excludes a higher number of vehicles being prepared for sale (approximately 1,200)

Proprietary and Confidential

-°^ e

Ever âener.

Technology & Innovation

SUPPLY CHAIN DEDICATED TRANSPORTATION FLEET MANAGEMENT SOLUTIONS

@ 2026 Ryder System, Inc. 12

Technology Strategy: Customer-centric Investments

Ryder is investing in customer-facing technology that enables a proactive supply chain - giving our customers a competitive advantage

How do we decide what technology to invest in and deploy?

D I S CO V E R

We identify customer pain points, gaps and expectations while staying ahead in new technologies and trends in logistics

Customer Advisory Boards & Research

Individual Product Advisory Boards

RyderVentures - investments in newest start ups

D E S IG N & D E VE L OP

We create market offerings based on needs analysis and customer expectations with a true innovation focus

Customer-Facing Software & Services:

RYDERSHARE RYDERGYDE RYDERSHIP RYDERVIEW

Warehouse Automation & Robotics

Piloting of new technologies - AV, Robotics, Agentic AI, etc

Led by Baton & Product Technology Teams

Our tech investments reduce the risk of experimentation for our customers, provide a clear path to winning technologies, and enable us to deliver improved operational efficiencies for a proactive supply chain

C O N T IN U OU S I M P R O VE M E N T

D EP L O Y & D ELI V E R

We ensure customers can use the technology via dedicated customer success & enablement teams - We measure all performance & satisfaction and provide feedback

Customer Success, Tech Deployment & Enablement teams

Direct feedback loop from deployments to product teams

Voice of the Customer - satisfaction measurement

Proprietary and Confidential

RYDERSHARETM- Real-time Supply Chain Visibility & Collaboration

W H AT R Y D E R S HA R E TM D O ES R Y DE R S HA R E TM B E NE F I T S

Multi-modal visibility

Network map views

Exception management

Load level detail view

Document management

Proactive notifications

Driver visibility and performance

Productivity (eliminates phone calls / emails / digging for information)

Labor savings (store clerks, dock workers, construction site personnel)

Improved billing and claims management

Customer satisfaction (customer's customer)

RyderShare is a single intelligent pane of glass that identifies root causes, recommends solutions, and predicts future trends and disruptions across your transportation network in real-time

Proprietary and Confidential

RYDERSHARETM- Hills Pet Case Study

R Y D ER SH AR E TM VALUE

One single pane of glass that shows the entire network

100+ corporate users gaining productivity (not having to make phone calls and emails).

Customers have instant access to their deliveries

Return good authorizations visibility for improved control and efficiency

Delivery documentation instantly available for better auditing

Seamless exception management (product order discrepancies / re-planning deliveries while enroute, delays) with proactive resolutions

NETWORK OVERVIEW

33 distribution points

168 trucks and 204 drivers

30K customers (Veterinarians, Pet Hospitals, and Pet Clinics)

40K annual loads with an average of

> 600K deliveries per year

PERSONAS

Hill's Pet Area/Territory Manager:

Needs RyderShare to know of late deliveries, schedule changes, item discrepancies, etc. at the customer level.

Customer Support Team:

Needs visibility to all shipments and ability to pull them using their reference numbers to assist customers with shipment inquiries.

Hill's Pet Logistics Analyst:

Needs to be able to pull all shipments using Hill's reference numbers to view and investigate claims using the RGA's, PODs and ePODs.

Hill's Pet Supply Chain Management:

Needs to see the entire network -where there are issues and how and when they are getting resolved.

Proprietary and Confidential

RYDERGYDETM- Fleet Management, Simplified

RyderGydeTM is the all-in-one digital platform for customers to efficiently manage their fleet

All-In-One Fleet Management

Used by 75%

of contractual fleet

RyderGyde Virtual Fleet Advisor 2026

Stay in control of your leased fleet…anytime, anywhere.

Proactive, AI-powered platform helps fleet managers drive better results.

Fleet Management

Fleet Intelligence

Anywhere Access

Vehicles

RyderConnect Real-time Visibility

Maintenance

Driver Tools

Actionable

Insights

Alerts

AI Assistant

Fleet Recommendations

Agentic AI Automation

PLATFORM BENEFITS Optimize Asset Mix • Maximize Uptime • Optimize Fleet ROI

RYDERSHIPTM & RYDERVIEWTM Technologies

Ryder E-commerce & Ryder Last Mile: services offering omnichannel delivery with two-day shipping across the entire U.S. and one-day delivery across majority of the U.S.

Provided through a network of over 165 sites strategically located throughout the U.S.

RYDERSHIPT M Supporting Ryder E-commerce RYDERVIEWT M Supporting Ryder Last Mile

Receive, pick, pack and ship to end consumers via parcel carriers or to customer warehouses or retail stores via LTL and carrier networks

Unified OMS/WMS platform

API-first ecosystem integrations

Parcel optimization via intelligent rate shopping

Real-time analytics powers SLA adherence and performance improvement

Receive, assemble and prepare big and bulky items through a 3rd party agent network for final delivery to the end consumer

Proprietary scheduling RyderView 2.0TM software

Provides maximum efficiency and optimizes routes

Self-service scheduling and real-time tracking

Intelligent routing and analytics to improve realtime decision making

2-hour delivery window

Paperless documentation

Intelligent routing

Unlocking the value of warehouse automation through reduced uncertainty and complexity

RYDER AUTOMATION GROWTH SINCE 2021 CONTINUED GROWTH FOCUS 2026+

PARTNER DEVELOPMENT

Researched more than 300 technologies since 2021

SOLUTION DESIGN

Developed proprietary modeling tools to drive value

IMPLEMENTATION EXPERTISE

Deployed dedicated team with decades of automation success

OPTIMIZATION

Created team of automation maintenance and analytics experts for peak performance

Growth in Autonomous Mobile Robots (Locus, Humanoids - 2026)

Increase in Goods-To-Person Technologies (Grey

Orange, Autostore, Geek+) +

Warehouse sq. ft. Automated (40% of warehouses have at least one form of automation)

Growth in Autonomous Forklifts (e80, JBT, Dematic)

DESIGN & INTEGRATION

End-to-end solution design and seamless integration of proven automation technologies

ORCHESTRATION & CONTROL

Unified control layer that dynamically routes work across humans, systems, and machines to maximize throughput, meet SLAs, and minimize cost.

DATA & INTELLIGENCE

Real-time dashboards and AI-driven insights for predictive maintenance, demand forecasting, and continuous optimization

LIFECYCLE SERVICES

Comprehensive maintenance, repair, and optimization services to ensure reliability, uptime, and performance

MAXIMIZED CAPITAL EFFICIENCY

Redeployable assets to de-risk and accelerate rollouts

Setting a new benchmark for supply chain efficiency and ROI in healthcare

About BJC

30,000 employees,

14 hospitals, 3,300 patient beds

Solution

Implemented 27,000 bin capacity automated storage and retrieval system

Added pick module and outbound sortation to streamline fulfillment

Shifted from "bring person to work" to "bring work to person"

IMPACT

Improved fill rates from

90% to 98%

On-time delivery improved to 99%

Real-time visibility and control of inventory is at 100%

Enabled channel control for hospitals, cutting POs by 60%

Staying closely engaged and strategically enabling autonomous vehicle integration

Autonomous

Vehicle

Endpoint

Drayage

Pick-up

Delivery

Full-service

Terminal

Ecosystem enabler

First/Final mile capacity

Hub network

Maintenance and roadside support

Strategic capacity provider

Relationships with multiple players

Early pilots across channels (yard, short haul, over the road)

Proprietary in-house visibility and TMS platform to integrate autonomous freight

PILOT ACTIVITY TO DATE

3rd party operator of AV terminals

Technicians embedded on-site

Maintenance of Autonomous hardware

Leveraging Ryder shop network as shared terminal locations

Mobile Maintenance & Asset Recovery

Autonomous freight hauling

AUTONOMOUS TRANSPORT

PARTNERSHIPS

@ 2026 Ryder System, Inc.

Disclaimer

Ryder System Inc. published this content on May 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 21:46 UTC.