SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS © 2023 Ryder System, Inc. All Rights Reserved | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|-------|-------|-------|-------|-------|-------|----------------|-------|-------|-------| | Total Revenue: \nFleet Management Solutions \nSupply Chain Solutions | | 2023 \n$ 1,487 \n 1,194 | Third Quarter \n2022 \n$ 1,582 \n 1,206 | \n% B/(W) \n (6)% \n (1)% | | 2023 \n$ 1,266 \n 909 | \n | Memo: Operating Reven ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-4364 RYDER SYSTEM, INC. (Exact name of registrant as specified in its charter) Florida 59-0739250 (State or other jurisdiction of incorp ...

Financial Data and Key Metrics Changes - Operating revenue for the second quarter was $2.3 billion, up 1% from the prior year, primarily due to growth in supply chain and dedicated segments, partially offset by the exit from the U.K. business [26][55] - Comparable earnings per share from continuing operations were $3.61, down from $4.43 in the prior year, reflecting weaker market conditions in used vehicle sales and rental [26][13] - Return on equity for the trailing 12-month period was 24%, above the high teens target, driven by elevated used vehicle sales and rental market conditions [20][13] Business Segment Data and Key Metrics Changes - Fleet Management Solutions (FMS) operating revenue decreased 4% due to the exit from the U.K., while North America revenue remained unchanged [55] - Supply chain EBT increased 23%, reflecting revenue growth and lower incentive-based compensation costs, despite lower volumes in the omni-channel retail vertical [29] - Dedicated operating revenue increased 7%, with EBT rising 43% due to revenue growth and improved labor productivity [30] Market Data and Key Metrics Changes - The revenue mix has shifted towards supply chain and dedicated businesses, with 55% of 2023 revenue expected from these asset-light sectors compared to 44% in 2018 [9][53] - Used vehicle proceeds declined significantly, with used tractor proceeds down 41% and used truck proceeds down 34% compared to the prior year [56] - Rental utilization for the power fleet was 75%, down from record levels of 85% in the prior year, but partially offset by a 2% increase in power fleet pricing [27] Company Strategy and Development Direction - The company has adopted a balanced growth strategy focused on enhancing returns and reducing reliance on used vehicle proceeds [23][5] - The updated business model is expected to generate higher earnings and returns compared to previous cycles, with a forecasted comparable EPS of $12.20 to $12.70 for 2023 [22][39] - The company continues to pursue targeted acquisitions and investments to support long-term profitable growth [21][64] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term earnings generation of the model, as evidenced by a 15% increase in quarterly dividends [7][5] - The outlook for return on equity remains strong, with expectations to end 2023 in the high teens target range despite weak freight conditions [20][40] - Management noted that the company is well-positioned to increase shareholder value, supported by secular trends and operational expertise [69][70] Other Important Information - The company expects to generate approximately $100 million of free cash flow in 2023, with net capital expenditures projected at $2.4 billion [35][33] - The balance sheet leverage was reported at 211%, below the target range, providing capacity for organic growth and shareholder returns [36] Q&A Session All Questions and Answers Question: Can you delve into the keys to success in the supply chain margin ramp? - Management highlighted that the target for profitability on Supply Chain is high single digits, and the success is attributed to pricing new business and passing through necessary cost increases, especially in the automotive sector [72][73] Question: What are the expectations for used vehicle pricing and the impact of OEM deliveries? - Management expects gains next year based on residual values, with the anticipation that the used truck market will continue to decline throughout the year, potentially bottoming out in the first quarter of next year [106][120] Question: How is the pipeline trending for Dedicated and Supply Chain Solutions? - Management reported that the pipeline remains healthy, with strong demand across various verticals, including e-commerce and CPG, despite some softness in the freight market [104][109]

Earnings and EPS from Continuing Operations ($ Millions, Except Per Share Amounts) Note: Amounts may not be additive due to rounding. (1) Primarily includes gains on sales of properties and net commercial claims proceeds. (2) Adjustments include the global tax impacts related to the FMS U.K. exit in 2023 and 2022. 34 Note: Amounts may not be additive due to rounding. Third Quarter 2022 Full Year 2022 EPS from continuing operations (GAAP) Non-operating pension costs, net FMS U.K. exit Other, net Tax adjustme ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-4364 RYDER SYSTEM, INC. (Exact name of registrant as specified in its charter) Florida 59-0739250 (State or other jurisdiction of incorporati ...

Ryder System, Inc. (NYSE:R) Q1 2023 Earnings Conference Call April 26, 2023 11:00 AM ET Company Participants Calene Candela – Vice President-Investor Relations Robert Sanchez – Chairman and Chief Executive Officer John Diez – Executive Vice President and Chief Financial Officer Tom Havens – President of Global Fleet Management Solutions Steve Sensing – President-Global Supply Chain Solutions and Dedicated Transportation Conference Call Participants Scott Group – Wolfe Research Jordan Alliger – Goldman Sachs ...

Balance Sheet 18 Component drivers to achieve ROE target include: Supply Chain Low Double Digit above target Dedicated High Single Digit Supply Chain High Single Digit at target Dedicated High Single Digit Historical Sales Price as % of Original Cost & Current Residual Value Estimates 1 Illustrative for Truck and Tractor (U.S. only) fleets. Depicts Ryder's sales prices as a percent of original cost indexed to the value in 1999 to show the percent change in value each year. Excludes vehicles operated in exce ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 1-4364 RYDER SYSTEM, INC. (Exact name of registrant as specified in its charter) Florida 59-0739250 (State or other jurisdiction of incorporat ...

Financial Performance Highlights - Ryder's fourth-quarter 2022 operating revenue reached $24 billion, a 14% increase compared to $21 billion in the fourth quarter of 2021[6] - Comparable earnings per share (EPS) for the fourth quarter of 2022 increased by 11% to $389, up from $352 in the fourth quarter of 2021[6] - Ryder's full-year 2022 return on equity (ROE) was 293%, significantly higher than the 209% ROE in 2021, reflecting favorable market conditions in Fleet Management Solutions (FMS) and the benefits of company initiatives[6] - Free cash flow for the full year 2022 was $09 billion, compared to $11 billion in 2021, with increased capital expenditures partially offset by higher used vehicle sales proceeds[6] Segment Results - Supply Chain Solutions (SCS) fourth-quarter operating revenue increased to $883 million, a 44% increase compared to $614 million in the fourth quarter of 2021[171] - Dedicated Transportation Solutions (DTS) fourth-quarter operating revenue increased by 10% to $320 million, up from $291 million in the fourth quarter of 2021[25, 177] - Fleet Management Solutions (FMS) fourth-quarter operating revenue increased by 2% to $1321 billion, up from $13 billion in the fourth quarter of 2021[7, 147] Capital Expenditure and Cash Flow - Capital expenditures forecast for FY23 reflect higher lease replacement and growth, with lease projected at $24 billion, rental at $04 billion, and operating property & equipment at $02 billion[29] - The company forecasts approximately $200 million in free cash flow for 2023, which is significantly lower than the $9 billion generated in 2022, primarily due to increased fleet replacement capital expenditure[65, 32] Used Vehicle Sales - Used vehicle inventory remains below the long-term target range of 7,000 to 9,000 units[16] - Sequential decline in used vehicle pricing better than anticipated[14]

Ryder System, Inc. (NYSE:R) Q4 2022 Earnings Conference Call February 15, 2023 11:00 AM ET Company Representatives Robert Sanchez - Chairman, Chief Executive Officer John Diez - Executive Vice President and Chief Financial Officer Tom Haven - President of Global Fleet Management Solutions Steve Sensing - President of Global Supply Chain Solutions and Dedicated Transportation Calene Candela - Vice President, Investor Relations Conference Call Participants Jordan Alliger - Goldman Sachs Jeff Kauffman - Vertic ...