TFI International : Q1 ended March 31, 2024

Forward-Looking Statements

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 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.

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Our Customer Value Proposition

• We create transportation and supply chain advantages to…

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Why Invest in TFI International?

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Investment Highlights

2TTM Q1 2024, calculated using revenue before surcharge.

1. TTM Q1 2024 FCF divided by the March 31, 2024 market cap.
2. Calculated as TTM Q1 2024 (Adjusted EBITDA - Net Capex of rolling stock and equipment) / Adjusted EBITDA.
3. Based on US $0.40 dividend approved by the Board on April 25, 2024 and stock price of US $159.46, as of March 31, 2024.
4. Major acquisitions are defined as having a purchase price of US $200.0 million and over.

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Low Capex Facilitates Asset-Light Model

15.2%

Note: TFI Net Capex excludes purchases and sales of property.

1. Truckload: Heartland, Knight-Swift, Werner, Schneider, J.B. Hunt, and P.A.M. Transportation.
2. Package & Courier: FedEx and UPS.
3. Less-Than-Truckload:ArcBest, Old Dominion Freight Line, and Saia.
4. Logistics: CH Robinson, Landstar, Forward Air, GXO, and RXO.

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Market Leadership in Key Transportation and Logistics Segments: TTM FCF Conversion

75.9%

-5.2%

Note: FCF Conversion (%) calculated as (Adjusted EBITDA - Net Capex of rolling stock and equipment) / Adjusted EBITDA. This is a non-IFRS measure. Please refer to the reconciliation on page 48.

1. Package & Courier: FedEx and UPS.
2. Less-Than-Truckload:ArcBest, Old Dominion Freight Line, and Saia.
3. Truckload: Heartland, Knight-Swift, Werner, Schneider, J.B. Hunt, and P.A.M. Transportation.
4. Logistics: CH Robinson, Landstar, Forward Air, GXO, and RXO.

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Our Strategy of Growth Through Acquisitions

• Proven track record of executing on M&A strategy across highly fragmented markets
• • Completed 87 acquisitions since 2015, of which 4 were major acquisitions1.
  • Strong focus on integration, operations and realization of synergies
• Our disciplined acquisition criteria:
• • Immediately accretive to EPS and free cash flow
  • Fit with one of our four segments (Package & Courier, LTL, TL, Logistics)
  • High free cash flow generation
  • U.S. or Canada footprint
  • Strong management team
  • Synergy and growth potential

1Major acquisitions are defined as having a purchase price of US $200.0 million and over.

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Overview of the TFI International Platform

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