EPILOGUE Battle for Value: Amazon versus FedEx and UPS 5/31/15 2015 47,453 5/31/16 01 50,365 1,820 45,959 13,784 5/31/17 01 60,319 2,997 48,552 16,073 Year ended 6 FedEx 7 Revenue 8 Net income 9 Total assets 10 Shreholders' equity 37,069 14,993 12 Revenue growth 13 Profit margin 14 Asset turnover 15 Return on assets 16 Return on equity 17 18 Stock price, Dec. 31 close A 19 Dividends declared in $ per share 20 EPS 21 Price/earnings 22 Annual return 23 24 25 26 UPS 27 Revenue 28 Net income 29 Total assets 30 Sheholders' equity 31 32 Revenue growth 33 Profit margin 34 Asset turnover 35 Return on assets 36 Return on equity 37 38 Stock price, Dec. 31 close 39 Dividends declared in $ per share May 31 close 173.22$ 148.99$ 0.80 $ 3.65 $ 164.97$ 186.20$ 193.84 249.54 2.00 11.07 1.20 $ 6.51 12/31/17 MJE: 12/31/15 2015 58,363 4,844 38,311 2,491 Year ended 12/31/16 These results 01 60,906 3,431 40,377 405 2017 are not yet 96.23 $ 114.64$ 3.17 119.15 2.97 $ 5 5 s EPILOGUE Battle for Value: Amazon versus FedEx and UPS 5/31/15 2015 47,453 5/31/16 01 50,365 1,820 45,959 13,784 5/31/17 01 60,319 2,997 48,552 16,073 Year ended 6 FedEx 7 Revenue 8 Net income 9 Total assets 10 Shreholders' equity 37,069 14,993 12 Revenue growth 13 Profit margin 14 Asset turnover 15 Return on assets 16 Return on equity 17 18 Stock price, Dec. 31 close A 19 Dividends declared in $ per share 20 EPS 21 Price/earnings 22 Annual return 23 24 25 26 UPS 27 Revenue 28 Net income 29 Total assets 30 Sheholders' equity 31 32 Revenue growth 33 Profit margin 34 Asset turnover 35 Return on assets 36 Return on equity 37 38 Stock price, Dec. 31 close 39 Dividends declared in $ per share May 31 close 173.22$ 148.99$ 0.80 $ 3.65 $ 164.97$ 186.20$ 193.84 249.54 2.00 11.07 1.20 $ 6.51 12/31/17 MJE: 12/31/15 2015 58,363 4,844 38,311 2,491 Year ended 12/31/16 These results 01 60,906 3,431 40,377 405 2017 are not yet 96.23 $ 114.64$ 3.17 119.15 2.97 $ 5 5 s