INVESTOR DAY 2022 | NOVEMBER 10, 2022 |

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Forward-Looking Statements and Non-IFRS Measures

In the interest of providing shareholders and potential investors with information regarding TFI International, including management's assessment of future plans and operations, certain statements in this presentation are forward-looking statements subject to risks, uncertainties and other important factors that could cause the Company's actual performance to differ materially from those expressed in or implied by such statements. Such statements are subject to the safe harbor created by the United States Private Securities Litigation Reform Act of 1995, as amended.

Such factors are further discussed under Risks and Uncertainties in the Company's Annual Information Form and MD&A, but readers are cautioned that the list of factors that may affect future growth, results and performance is not exhaustive, and undue reliance should not be placed on forward-looking statements.

The expectations conveyed by the forward-looking statements are based on information available to it on the date such statements were made, and there can be no assurance that such expectations will prove to be correct. All subsequent forward-looking statements, whether written or orally attributable to the Company or persons acting on its behalf, are expressly qualified in their entirety by these cautionary statements.

Unless otherwise required by applicable securities laws, the Company expressly disclaims any intention, and assumes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-IFRS Measures

This presentation contains non-IFRS measures, including adjusted earnings per share, free cash flow conversion, adjusted EBITDA, adjusted free cash flow, and return on invested capital. The non-IFRS information provided is used by our management and may not be comparable to similar measures disclosed by other companies. The non-IFRS measures used herein have limitations as analytical tools and should not be considered measures of income generated by our business or discretionary cash available to us to invest in the growth of our business. You should not consider the non-IFRS measures used herein in isolation or as substitutes for analysis of our results as reported under IFRS. Refer to the Appendix section of this presentation for reconciliations of the non-IFRS measures.

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WELCOME & OVERVIEW

Alain Bedard

CHAIRMAN OF THE BOARD, PRESIDENT & CEO

Welcome & Overview

United States LTL

Specialized & Canadian TL

Canadian LTL

Package & Courier

Logistics

Capital Allocation & Outlook

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TFI is stronger than ever.

Superior Record of Growth

Transportation & Logistics

Diversification by Sector

& Shareholder Value Creation

Market Leader

& Geography

Robust Return

M&A Track Record with

on Invested Capital

Well-defined Pipeline

Welcome & Overview

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46%

23%

7%

24%

LESS-THAN-TRUCKLOAD

TRUCKLOAD

PACKAGE & COURIER

LOGISTICS

US

CANADIAN

SPECIALIZED

CANADIAN

Paul Hoelting

Rick Hashie

Steven Brookshaw

Bob McGonigal

Kal Atwal

Rick Hashie

Chris Traikos

Welcome & Overview

3Q22 annualized and pro forma for the sale of CFI

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Disclaimer

TFI International Inc. published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 17:18:02 UTC.