#1t e X t e 101 Textainer Group Holdings Ltd. Investor Presentation May 2023 e X#2Forward Looking Statements t X Certain information included in this presentation and other statements or materials published or to be published by Textainer Group Holdings Limited ("the Company") are not historical facts but are forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new and existing products, expectations for market segment and growth, and similar matters. In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company provides the following cautionary remarks regarding important factors which, among others, could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed inthe Company's forward-looking statements. The risks and uncertainties that may affect the operations, performance, development, results of the Company's business, and the other matters referred to above include, but are not limited to: (i) changes in the business environment in which the Company operates, including global GDP changes, the level of international trade, inflation and interest rates; (ii) changes in taxes, governmental laws, and regulations; (iii) competitive product and pricing activity; and (iv) future performance of the business and overall industry. As required by SEC rules, we have provided a reconciliation of the non-GAAP financial measures included in this presentation to the most directly comparable GAAP measures in materials on our website at www.textainer.com. 2#399 22 10 1945 tex TENU 187743 MAX AT 2261 BAYE BAD TGAD CATT43 2207 Quarterly Earnings and Business Highlights#4Overview of Financial Results Lease rental income 1Q23 and % change from 4Q22 $195M (-4%) Income from operations $100M (-10%) Adjusted Net income¹ $54M (-13%) Adjusted EPS¹ $1.22 (-11%) Adjusted EBITDA $167M (-7%) Annualized ROE 13% (-11%) t X Highlights Utilization remains elevated and fleet cash generation stable, considering two fewer billing days in the quarter, during this traditionally slower part of the year. ■ 1Q23 average and current utilization rate at 98.8%. ■ Stable future cash flows and profitability from our long-term fixed-rate leases and fixed-rate debt. The average remaining tenor for both our lease portfolio and our fixed-rate debt is 6.0 years and 5.8 years, respectively. Container demand remained muted, but prices are slightly above historical levels and turn-ins mostly focused on sales-age containers. In light of limited container investments, continued focus on shareholder returns and de-leveraging. Declared a common dividend of $0.30 per common share, payable June 15, 2023. Repurchased 1.3 million shares of common stock at an average price of $32.82 per share during 1Q23. (1) Adjustments may include items such as unrealized gains/losses on marketable securities, debt termination expense, etc. See re conciliation in Appendix.#5Financial and Business Highlights ($ in 000s, excluding per share amounts) QTD vs Prior Quarter QTD vs Prior Year 1Q 2023 4Q 2022 Change 1Q 2023 1Q 2022 Change Lease rental income $ 194,901 $ 202,912 $ (8,011) -4% $ 194,901 $ 198,718 $ (3,817) -2% 1 Gain on sale and Trading margin $ 9,393 $ 15,119 $ (5,726) -38% $ 9,393 $ 16,775 $ (7,382) -44% Income from operations $ 100,379 $ 111,544 $ (11,165) -10% $ 100,379 $ 114,716 $ (14,337) -12% Net income to common shareholders $ 53,626 $ 61,854 $ (8,228) -13% $ 53,626 $ 72,705 $ (19,079) -26% per diluted share $ 1.22 $ 1.38 $ (0.16) -11% $ 1.22 $ 1.47 $ (0.25) -17% Adjusted net income per diluted share $ 53,624 $ 61,993 $ (8,369) -13% $ 53,624 $ 72,869 $ 1.22 $ 1.38 $ (0.16) -12% $ 1.22 $ 1.48 Adjusted EBITDA $ 166,985 $ 179,464 $ (12,479) -7% $ 166,985 $ 182,317 SSS $ (19,245) -26% $ (0.26) -18% $ (15,332) -8% Cash, including restricted cash $ 244,609 $ 267,409 $ (22,800) -9% $ 244,609 2 Total "lease" container fleet $ 6,855,677 $ 7,009,792 $ (154,115) -2% 3 Total "resale" container fleet $ 43,483 $ 36,485 $ Debt, net of deferred financing costs Total equity $ 5,344,222 $ 1,968,376 $ 5,504,919 $ 1,996,289 $ $ 6,998 19% (160,697) -3% (27,913) -1% $ $ 6,855,677 $ 43,483 $ 5,344,222 1,968,376 $ 280,317 $ 7,239,467 $ 18,470 $ 5,675,973 $ (35,708) -13% $ (383,790) -5% $ $ 25,013 (331,751) 135% -6% $ 1,873,177 $ 95,199 5% Average fleet utilization 98.8% 99.0% Total fleet size at end of period (TEU) 4,375,474 4,425,300 -0.2% 0% (49,826) -1% 98.8% 4,375,474 Container capex 4 $ Shares repurchased 3,000 1,266,182 $ 21,000 1,543,267 $ (18,000) -86% $ 3,000 $ 1,266,182 99.7% 4,402,158 497,000 957,689 -0.9% -1% (26,684) -1% $ (494,000) -99% t X 1) 2) Combined total of Gain on sale of owned fleet containers, net, and Trading container margin. Combined total of Containers, net, Net investment in finance leases, and Container leaseback financing receivable. 3) Combined total of Trading containers and Containers held for sale. 4) Based on date added to the fleet (delivery date). Consists of all container purchases for both the owned and managed fleet. Does not reflect moves between owned and managed. 5#61) 23 2) 3) Revenue and Profit Trends $ (in 000's) $325,000 $300,000 $275,000 $250,000 $225,000 $200,000 $175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000 $0 $ (in 000s) $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Cash Proceeds and Revenue Proceeds from lease rentals (1) Proceeds from resale + nettra ding margin (2) Total Revenue per Income Statement (3) Adjusted Net Income $ per share $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $- Long-term lease contracts and optimized resale activity provide stable cash flows and supports our long-term profitability. 98% of leases under fixed-rate term contracts and 91% of our debt is fixed- rate or hedged, with remaining average tenors of approximately 6 years. ■ Despite rising market interest rates, interest expense decreased in 1Q23 due to our hedging strategy and opportunistic debt reduction. ■ In addition to de-leveraging, we continue to focus on returning capital to shareholders. During 1Q23 and over the last four quarters, common dividends and buybacks represent 102% and 85% of adjusted net income, respectively. ■ Repurchased 30% of our outstanding common shares since the program commenced in 3Q19. At the end of 1Q23, the remaining available authorization was $81 million. t X Adj. Net income (excluding gain on sale) Adj. Net income (gain on sale) Adj. Net income per diluted share Total operating and finance lease rental proceeds, including the principal portion of finance leases. While this includes the principal portion, for financial statement presentation only the interest portion of finance leases is shown as revenue. Total proceeds from container sales plus net trading margin. While this includes total resale proceeds, for financial statement presentation only the gain on sale is shown as revenue. Total GAAP revenue per the income statement: lease rental income (excluding finance lease principal) + management fees + gain on sale + trading margin. 6#71) 2) Textainer Fleet Overview Fleet size¹ (CEU) Lease portfolio (CEU) Textainer 15% Triton 26% Florens 13% Beacon/CAI 13% Seaco 12% Other 13% SeaCube 8% Term leases 71% CEUS 5,000,000 4,000,000 Fleet size growth 4% CAGR for the total fleet 6% CAGR for the owned fleet 10% 7% 17% 90% 93% 94% 6% 18% 3,000,000 24% 20% 19% 20% 18% 83% 28% 82% 80% 76% 80% 81% 82% 2,000,000 72% 1,000,000 Owned Managed As of 4Q 2022. Peer fleet size data sourced from Harrison Consulting. Calculated on an NBV basis. Includes all leases (long-term, finance, short-term, expired). Master & Spot leases 2% Equipment types (CEU) Finance leases 27% 40ft Dry 58% 20ft Dry 21% Reefers 17% Specials 3% t X Textainer is the second largest lessor in the world Our fleet generates stable cash-flow from a lease portfolio with 98% under fixed-rate term and finance lease contracts Average remaining tenor of the entire lease portfolio of 6.0 years² Young fleet with an average age of 5.1 years² 7#8Textainer Capex and Resale Per CEU $4,000 $3,500 $3,000 $2,500 $2,000 $1,500 $1,000 $500 Container capex (new and used)¹ Total CEU Houth 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Limited capex opportunities through the first half of 2023 as the market absorbs the existing inventory. Textainer maintains a disciplined approach, investing only when target returns are achieved with long term cash flows. Short manufacturing lead times allow us to invest on the basis of mostly confirmed lease opportunities. t X Per CEU Container resale² Total CEU Total CEU Avg cost per CEU Avg cost per CEU (all periods presented) $2,200 300,000 $2,000 $1,800 $1,600 $1,400 ☐ The average cost of our fleet remains below current market prices. $1,200 Resale volumes remain elevated since 2H 2022, after several quarters of low activity. $1,000 $800 250,000 200,000 150,000 100,000 50,000 $600 ☐ Resale prices decreased during 2H 2022 given higher volumes, but have since stabilized at still attractive levels well above GAAP residual values. $400 2013 1) 2) Total disposals Avg proceeds per CEU Avg proceeds per CEU (all periods presented) Total container purchases for both the owned and managed fleet, based on date added to the fleet (delivery date). Does not reflect fleet ownership changes between owned and managed. Resale of off-hired operating containers (i.e. held for sale depot containers). Does not include container trading activity (i.e. sale of new or old containers acquired exclusively for immediate resale). The average proceeds per CEU reflect total proceeds received. 00 8#9TEUS 200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 TEU 100,000 80,000 60,000 40,000 20,000 2Q18 Textainer Container Inventory TEUS Uncommitted new production inventory (China factory inventory) TEUS 3Q18 4Q18 1Q19 2Q19 3Q19 στον 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Available depot inventory (non-factory, excludes held for sale) 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 % of total fleet 1Q23 450,000 350,000 250,000 150,000 50,000 (50,000) (150,000) 2Q18 On-hire Container lease-out and turn-in activity t X 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 Off-hire 6% 5% de of ove of of of of 4% Turn-ins during recent quarters are mostly sales-age containers. Focused on the resale of older units and renewing maturing leases for mid-life units. 3% 2% 1% 0% We continue to maintain strategically balanced levels of new production and depot inventory to meet demand while minimizing carrying cost. 9 Net 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23#10Textainer Long-Term Lease Commitments t X Rate/CEU ($ in Millions) $2,000 Cash receipts from hypothetical owned fleet runoff 1 Lease maturities (operating leases only)² CEUs 1,200,000 120% $1,800 $1,600 $10.4 billion in total future cash receipts (2Q23 onwards) 1,000,000 110% $1,400 800,000 100% $1,200 $1,000 600,000 90% $800 400,000 80% $600 200,000 70% $400 $200 $- 0 60% Expired 2023 2024 2025 2026 Thereafter Existing lease Renewal Disposal >2032 Long term Spot/MLA Sales age Rental rate vs. fleet avg The above shows cash receipts from the hypothetical runoff of our owned fleet (assuming no capex), summarized under 3 components: о "Existing lease" - expected fixed-rate rentals during the remaining minimum contractual term of currently existing leases, plus a 1-yr build down period. Includes actual year-to-date revenue for the current year. "Renewal" - assumes rentals, following the expiration of the minimum contractual term of existing leases, until the disposal of the container. Assumes the same rental rate as of the expired lease. "Disposal" - assumes proceeds from the disposal of containers (includes a ctual year-to-date proceeds for the current year). Disposals are assumed to occur once the lease expires and the containers reach the end of their GAAP useful life (i.e. 13 years for a 20' dry), plus a 1- year build down period. Disposal proceeds are assumed to equal current GAAP residuals (i.e. $1,000 for a 20' dry), even though the current average resale prices are higher. Our fleet has an average age of 5.1 years and an average remaining lease tenor of 6.0 years. The period of contractually guaranteed fixed- rate rentals represents 77% of the fleet's remaining depreciable life on a NBV basis. Controlled levels of annual lease maturities guarantee stable cash flows. Current resale prices are above our GAAP residual values, providing an opportunity for gains of sales age containers. Customers generally have on average a 12-month build-down period to return containers up on lease expiry. 1) Represents cash inflows from the hypothetical runoff of our owned fleet (excludes managed), assuming consistent rental rates and GAAP residuals upon disposal. This chart is for illustration purposes only and the actual runoff could differ materially due to the uncertainty of future events or circumstances, including but not limited to utilization rates, rental renewal rates or disposal prices. 2) Consists only of containers on operating leases (i.e. excludes finance leases). The average rental rate per CEU is indexed to the fleetwide average for all operating leases. "Sales Age" containers have exceeded their useful life at lease expiry and thus expected to be sold upon redelivery. 10 10#113% 4% 5% 6% 7% 8% 4% 2% 0% 2Q18 6% 14% 12% 10% %8 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 Textainer Cost Management Direct container costs as % of rental income 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 SG&A as % of total revenues², inclusive of finance lease principal and net of distributions to 3rd party owners 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 100% 99% 98% 97% 96% 95% 94% 93% 2Q18 4.25% 4.00% 3.75% 3.50% 3.25% 3.00% 2.75% 2.50% 2018 3Q18 4018 6TOT 2019 3019 Average effective interest rate per quarter¹ 4Q19 1020 2020 3Q20 4020 1Q21 2021 3Q21 4Q21 1022 2022 3Q22 4022 Average fleet utilization 1) 172 Represents the average rate for the quarter, inclusive realized hedging costs and the non-cash amortization of debt issue fees. 2) Total revenues consist of lease rental income, gain on sale, trading container margin, and management fee income. The denominator is net of distributions to 3rd party owners and also includes rentals for the principal portion of our finance leases which is excluded from lease rental income. 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 Quarterly 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Five-year average 11 EZOT X t#12Textainer Capitalization Outstanding borrowings by source Shareholders' equity Class Ticker Details ABS notes $2,484M 46% Fixed-rate debt Common shares TGH (NYSE); TXT (JSE)1 Term loans $372M 7% Preferred shares Warehouse facility $1,233M 23% Floating-rate debt (largely fixed with interest rate swaps) TGH.PRA (NYSE) TGH.PRB (NYSE) Revolver facility 24% $1,288M $5,377M ☐ Debt sourced from well diversified sources. " ☐ Our warehouse and revolver facilities have a total commitment capacity of $3.4 billion with a syndicate of 17 domestic and foreign banks. Our ABS notes and Term loans are supported by a wide group of investors including life insurance companies, asset managers and banks. ☐ 42M shares outstanding at 1Q23 $150M, 7.00% cumulative redeemable perpetual shares (Series A) $150M, 6.25% cumulative redeemable perpetual shares (Series B) Common shareholders consist of a diversified group of investors. As of the last reporting date, the top 30 investors held more than half of the common shares outstanding. Common dividend and active share repurchase programs to return capital to our common shareholders. 1) In December 2019, we completed a secondary listing of our common shares in the JSE to unbundle shares previously owned by a single shareholder. The unbundled shares, which represented 48% of our outstanding shares at the time, were distributed among a wide group of individual and institutional investors in South Africa. t X 12#13Textainer Stable Debt Financing % of total Floating vs. Fixed rate debt at period end Avg. remaining tenor Avg rate for the quarter Spot rate at quarter end $2,000M Fixed-rate debt 53% 6.5 years 2.34% 2.34% $1,500M Hedged floating-rate debt 38% 4.8 years 2.94% 2.94% Total fixed-rate and hedged debt 91% 5.8 years 2.59% 2.59% $1,000M Unhedged floating rate debt 9% 6.12% 6.37% $500M Total debt 100% 2.90% 2.94% Amortization of debt issue fees and misc. 0.22% 0.22% $OM Effective interest rate (all-in) 3.12% 3.16% Net Debt/ Equity 3.50x 3.25x 3.00x 2.75x 2.50x 2.25x 2.00x 1.75x 1.50x 1.25x 1.00x 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 Net debt to Equity Leverage and EBITDA coverage 2Q20 3Q20 4Q20 1Q21 2Q21 1) Reflects contractual amortization of our notes, estimated repayments to maintain the maximum loan-to-value in our revolving facilities (based on the current existing fleet absent any future capex), and the contractual maturity of our existing revolving facilities (assuming no refinance/renewal). 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Net Debt to Adj EBITDA 2 EBITDA coverage 8.0X 7.0X 6.0X 5.0X 2. 4.0X 3.0X 2) Net debt: outstanding borrowings minus cash on hand. Future debt repayments¹ 2024 2025 2026 2023 2027 *Revolving credit faciliy maturing on 3Q27 (will be renewed and extended prior to maturity) Focused on matching our fixed-rate rental revenue to fixed-rate financing, both in amount and duration, to limit volatility and lock-in long-term profitability: 1. Our fixed-rate debt represents 91% of total debt, closely matching the 98% of our fleet under fixed- rate term and finance lease contracts. The average remaining tenor of our fixed-rate debt is 5.8 years, with staggered maturities, is generally in line with the 6.0 years average remaining lease term of our entire lease portfolio. Continued de-leveraging during recent quarters of limited capex. Adj. EBITDA: adjustments include items such as debt termination expense (see reconciliation in Appendix). For this chart, we also included the principal portion of our finance leases which is part of our monthly lease collections but not included in regular EBITDA. 13 t X#14123 1) 2) 3) Textainer Capital Allocation Net cash generated for capital allocation ($ in 000s) The fixed and long-term nature of both our leases portfolio and debt service generates a stable level of excess cash, providing flexibility for all three of our capital allocation priorities: 1) 2) 3) Capex: We invest in containers when the expected returns are accretive to the business. The short-lead time of container manufacturing allows us to moderate capex based on demand, participating only in profitable and attractive opportunities. Leverage: We manage debt levels to ensure we maintain stable and optimized access to financing and sufficient available capacity for incremental ca pex opportunities. Shareholder returns: We are committed to returning capital to our common shareholders, by a combination of both our quarterly common dividend and share buyback programs. t LTM 1Q23 annualized X Adjusted EBITDA (see reconciliation in Appendix) $730,182 $667,940 Plus: Principal portion of finance leases³ +181,222 +184,088 Plus: NBV of container disposals +140,828 +129,440 Minus: Interest expense (excluding non-cash amortization) and preferred dividends -173,780 -178,608 Minus: Current debt balance as of quarter end Net cash available for capital allocation, net of debt service -394,186 -394,186 $484,266 $408,674 Capital allocation alternatives (potential uses of net cash; the illustrative amounts shown below for each alternative are mutually exclusive): 1) Capex potential using current leverage Growth Replacement 2,3 Total capex potential using current leverage 2) Incremental debt paydown in excess of required repayments (decreasing current leverage) $1,807,107 $1,442,490 $614,223 $600,880 $2,421,330 $2,043,370 $484,266 $408,674 $ (in 000's) Capex (cash-basis, owned fleet) and debt load $2,500,000 $2,000,000 Over the past 10 years, Textainer has grown the owned fleet by a 7% CAGR $1,500,000 $1,000,000 $500,000 $0 I CAPEX (owned fleet) Net debt loan-to-value (1) 3) Shareholder returns 80% $ (in 000's) $250,000 78% $200,000 76% $150,000 74% $100,000 72% $50,000 70% 50 $0 Net debt loan-to-value is calculated as borrowings (net of cash) + manufacturer Payables, divided by the NBV of our owned fleet. Replacement capex consists of depreciation expense, principal portion of finance lease billings, and NBV of container disposa ls. Excludes non-recurring one-time principal payments. Shareholder cash returns Over the past 10 years, Textainer's cumulative common dividends and buybacks represent 62% of its cumulative adjusted net income for that period Common share dividends 2017 2018 2019 2020 2021 Share buybacks 2022 1Q23 $484,266 $408,674 14#15■ Current Market Environment and Outlook Slow lease-out market Following two years of elevated demand and significant fleet expansion, we are now experiencing a healthy consolidation phase with limited new container production. In spite of muted demand for new lease- outs, turn-ins remain controlled and focused on sales-age. Decreased container production Given low demand, container production has significantly decreased, with most container factories expected to remain closed through 2Q23. New container prices have stabilized slightly above historical averages, driven by increased component costs and scarce production. ■ Resale prices have decreased from their early 2022 peak, but have stabilized since last quarter and above long-term averages and GAAP residuals. Strong customer balance sheets Shipping lines are reporting normalized financial results in 2023 due to decreased freight demand but are expected to still generate positive results for the year due to their focus on contracted business with longer term durations. Profitability has translated into strong payment performance and has allowed carriers to shore up their balance sheets. t X Low container demand expected for 2023, though we may see positive momentum in the traditional summer peak season. Utilization is expected to remain elevated through 2023. Textainer's base revenues and profitability is supported by the fixed long-term nature of our lease contracts and use of fixed- rate hedged financing. Reduced credit risk of our customers should continue into future years, as shipping lines maintain optimized balance sheets with a focus on contracted revenue. 15#1685 75 51 125 115 105 95 Feb-13¬ Aug-13- Feb-14 Aug-14 Feb-15 135 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Trade and Shipping Line Performance Normalization in the greater shipping sector continues as shipping lines observe both decreased cargo volumes and spot ocean freight rates. Shipping lines however continue to generate profits, and their performance in recent years has allowed them to significantly optimize their balance sheets, resulting in stable financial security for the near term. Blank sailings have been a continuous practice by the shipping lines to better manage capacity in correspondence with shipping cargo demand. 1.8 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1.0 Container throughput index¹ Seasonally adjusted (2015 = 100) Aug-20 Feb-21 Aug-21 Feb-22 Aug-22 Feb-23 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 1) The RWI/ISL container throughput index reflects the amount of container cargo handled by a selection of 94 international ports, representing 64% of global container traffic. 2) 123 The inventories-to-sales ratio from the US Census Bureau serves as an indications of the number of months of inventory that areon hand in relation to the sales for a month. 3) The Freight Baltic Container Index (FBX) reflects the container spot rates on 12 trade lanes, covering 80% of global container trade. Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Feb-13 Aug-13 Feb-14 Aug-14 US retail inventory-to-sales ratio² t X Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 FBX freight rate index³ Jul-22 Oct-22 Aug-21 Jan-23 Feb-22 Aug-22 Apr-23 Feb-23 Oct-21 Jan-22 Apr-22 16#17Competitive Landscape Container lessors, shipping lines, and container manufacturers have experienced a recent wave of consolidation and organic growth, with enhanced economies of scale, greatly improving the competitive landscape and facilitating a greater level of stability over economic cycles: Lessors: The top 5 container lessors account for 85% of the market. We expect lessors to continue rationalizing new container investments and further improve lease quality in pursuit of stable long-term returns with reduced volatility. Shipping lines: Consolidation and alliances have dramatically improved credit quality since the 2016 Hanjin bankruptcy. The top 10 shipping lines now account for 85% of market share, facilitating improved discipline and capacity management. This has contributed to higher freight rates and improved financial performance. Manufacturers: Improved economies of scale and coordination by suppliers have resulted in greater production discipline. Since early 2020, industry efforts to rationalize production levels with demand have provided support for container prices and a more balanced supply of containers which we expect will continue into the foreseeable future. t X Container lessors 100% 100% 80% 80% 60% 40% 20% 60% 40% 20% 0% 0% 2015 2022 ■Top 5 ■Others Note: market share data from Harrison consulting. Market share (2015 vs 2022) Shipping lines Container manufacturers 100% 80% 60% 40% 20% 0% 2015 Top 1-5 2022 2015 2022 ■Top 6-10 ■Others Top 3 Others 17#18Conclusion " Q1 2023 delivered stable performance, highlighting the resiliency of our lease rental income in this traditionally slower part of the year. Capex deployment has remained minimal following two years of surging container demand, but we are optimistic that the market environment will start showing positive momentum as we approach traditional summer peak season. Our utilization remains strong at 98.8% and is expected to remain elevated for the coming quarters. In light of current limited capex opportunities, we remain focused on optimizing capital allocation and operational efficiency, with a particular focus on lease renewals and disposal of older sales age containers. Fixed-rate and hedged debt represents 91% of total debt with an average tenor of 5.8 years. We continued to opportunistically pay down the unhedged portion of our debt. Declared a $0.30 per common share dividend, payable on June 15, 2023. Declared a dividend on both 7.00% Series A and 6.25% Series B preferred shares, payable on June 15, 2023. Repurchased common shares totaling 1.3 million shares, or over $41 million during 1Q23. Since commencing our share repurchase program in September of 2019, we have repurchased 16.9 million shares in total. At the end of 1Q23, the remaining authority under the repurchase program stood at $81 million. Capital returns to shareholders by way of common dividends and buybacks in the quarter amounted to 102% of adjusted net income. tex tex tex 124 t X 227 goooOD TEX 12415 tex TEXU 3247185 GB 2210 tex 11⭑ W 000 18#19HTV e X e X Company Overview#20Company Background t Textainer has operated since 1979 and is one of the world's largest lessors of intermodal containers with a container fleet of 4.4 million TEU (4.5 million CEU). Textainer leases containers to approximately 200 customers, including all of the world's leading international shipping lines. Textainer manages a diversified container fleet that consists of standard dry freight, dry freight specials, tanks, and refrigerated intermodal containers, mirroring the composition of the worldwide fleet. X tex Overview Headquartered in Bermuda Tex @tex TOHU 44499 tex 4261 Summary performance Last twelve-month ("LTM") lease rental income of $806 million Scalable network of 14 offices and around 400 depots Workforce of approximately 160 employees ☐ LTM Adjusted Net Income¹ of $271 million Publicly traded on both the New York (Ticker "TGH") and Johannesburg (Ticker "TXT") stock exchanges ☐ LTM Adjusted EBITDA¹, inclusive of finance lease principal billings, of $963 million ☐ Average fleet age of 5.1 years (NBV weighted) Note: TEU refers to Twenty-Foot Equivalent Unit, a unit of measurement based on the length of a container relative to a standard 20' dy freight container. CEU refers to a Cost Equivalent Unit, a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20' dy freight container. (1) Adjustments may include items such as debt termination expense and unrealized gains/losses on marketable securities. See reconciliation in Appendix. 20 20#21t e X Textainer Advantages Fleet Size ■ Our large fleet size is a competitive advantage, particularly in light of recent supplier and customer consolidation. ■ Our size is optimal, providing benefits of scale, while retaining management agility and allowing us to focus on the most profitable deals whilst still growing our market share. ■ A large fleet size affords us meaningful economies of scale with one of the industry's lowest cost structures. ■ Our size allows us to hold sufficient idle inventory around the world to immediately meet any urgent demand requirements from our customers. Capital Structure ■ Track record of capital markets access with deep institutional and retail following. ■ We maintain low-cost debt financing (amongst the lowest in the industry) from diversified funding sources. Staggered debt maturity schedule is tailored to complement lease portfolio maturities. ■ Most of our debt is fixed-rate, helping mitigate interest rate risk. ■ Bermuda incorporation with efficient tax structure. ■ Diversified Revenue Equipment type diversification provides exposure to industries with decoupled economic cycles. ■ Our dedicated international resale team is a leader in the field as one of the largest sellers of containers in the world, focused on maximizing resale proceeds. ■ We also purchase and resell containers from shipping lines, container traders and other sellers. ■ We manage containers on behalf of third-party owners, earning a steady stream of low-risk fee income using our existing platform. ■ Infrastructure Experienced management team and dedicated employees providing best-in-class service to our shipping line and resale customers. ■ Over 40 years of know-how to procure, inspect, market, repair and resell containers, maximizing returns over the container's entire economic life-cycle. ■ Highly scalable IT infrastructure. ■ Expansive global footprint to service customers in all demand locations. 21 24#22Company Footprint Textainer operates through a network of 14 offices and 400 depots covering all time zones and major trading centers over the world. Our four regional offices form the backbone of our worldwide leasing, resale, and operations activities. t X San Francisco Cranford Bermuda Hamburg London Durban Seoul Yokohama Shanghai Taipei Hong Kong Port Klang Singapore Sydney 22 22#23Container Life Cycle Management Initial Lease Mid-Life Disposition t X Lease terms of five to seven years (long-term average). We place a significant focus on the off-hire provisions. Lease renewal or re-lease to different customers. May be re-leased several times over useful life. We leverage our global infrastructure and operational expertise. Sale generally for static storage or one-way cargo. Resale market enjoys a different customer base. Container residual values generally ~50% of current asset cost. 45% -75% of total expected returns 0% - 30% of total expected returns 25% of total expected returns With over 40 years of experience, Textainer maximizes returns throughout the entire container life cycle. Note: Expected returns are based on discounted estimated cash inflows of a container over its container useful life. Actual cash flows may vary from estimates. 23#24Management Team t X Olivier Ghesquiere President & Chief Executive Officer 31 years of international asset management experience, including work at Ermewa Group as Chief Operating Officer and CEO, Eurotainer as Managing Director and Chairman, and Brambles Group under various management positions. • Joined in 2016 Michael Chan Executive VP & Chief Financial Officer 31 years of accounting and finance and 25 of international asset management experience, including work at Ygrene Energy Fundas CFO, Cronos Container Groupas Sr. Director of Treasury, Chartres Lodging Groupas CFO, and Price Waterhouse Coopers as audit manager. • Joined 1994 to 2006 and in 2017 Philippe Wendling Senior VP, Marketing 19 years of transportation leasing experience Joined in 2019 Charles Li Regional VP, PRC and Korea Michael Samsel Regional VP, EMEA John Simmons Regional VP, Americas Alvin Chong Global VP, Resale Gregory Coan Senior VP, CIO 33 years of container leasing marketing experience Joined in 1994 31 years of container leasing marketing experience Joined in 1998 36 years of intermodal industry experience Joined in 2011 28 years of resale and 32 years of intermodal industry experience Joined in 1995 37 years of Information Technology and 29 years of intermodal industry experience Joined in 1992 Daniel Cohen VP, General Counsel Jack Figueira VP, Ops and Procurement Giancarlo Gennaro Senior VP, Finance Cannia Lo VP, External Reporting and Consolidation Sarah Little VP, TEM Corporate Controller Tamara Bakarian Director, Investor Relations 26 years of corporate, finance, and securities legal experience with international law firms and in-house Joined in 2011 41 years of intermodal and shipping industry experience experience Joined in 1990 20 years of accounting and finance and 10 years of intermodal industry experience Joined in 2017 21 years of accounting and finance experience in the intermodal industry Joined in 2001 28 years of accounting and finance, 14 years of intermodal experience Joined 2015 to 2017 and 2020 11 years of finance and investor relations experience Joined in 2021 24 24#25Sustainability & Commitment Approach ■ At Textainer, being a responsible corporate citizen means thinking and acting sustainability for our employees, customers, shareholders and local communities. We take pride in the quality of our container fleet and operations, and in our contributions to the continued growth of the industry. Please find our 2022 ESG Summary available HERE. t X Employees ☐ AIM: to maintain a work ☐ environment that is inclusive, growth oriented and fast paced Promote work-life balance and overall employee wellbeing Gender diversity: o 50% women in the workforce o 30% women on the board of directors ■ Customers AIM: to be the most reliable and responsive operator Work with suppliers to use waterborne paints to reduce VOC emissions, utilize bamboo-sourced flooring, and install energy-efficient refrigeration machinery in our containers Provide the highest quality equipment in the right location with competitive all-in costs Environment ☐ AIM: to minimize and manage our impact on the environment ■ Majority of operational emissions from Scope 2, electrical energy ■ 17% sourced from green and renewable energy ■ Purchase Lease- Resell • Communities AIM: to support local, disadvantaged communities through funding initiatives that uplift, educate and empower ■ Support Zululand Conservation Trust to protect local wildlife and the communities close to them ■ Provide in-kind assistance for disaster relief efforts in connection with shipping line partners 25#26tex TEX 645845 5 4561 13 CAP Industry Overview#27Container Types Containers are large steel boxes built to International Standardization Organization ("ISO") norms and used for intermodal freight transportation. They are divided into four main categories: Dry standard Reefer Specials Worldwide fleet by equipment type¹ ■TE U% ■CEU% t X 1261 e 491 Tanks 0% 20% 40% 60% 80% 100% tex TEM 900152 MAXG TARE 45R1 NET CASIN CLCAP 1¬A e TEXU 898273 4293 TRELSET TIFU7420014 22X2 TIPATIBLE TAAK -- IMPACT APPEDIED VEN 14 1242 Dry standard Fitted with steel roof, end and side panels, wooden floors and steel doors. Used to carry a wide range of semi-finished and finished manufactured goods, raw materials and agricultural produce. Refrigerated ("Reefer") Steel cladding fitted with insulation and an externally mounted temperature-control unit to control internal temperature. Used to carry frozen and temperature- sensitive goods such as meat, fish, fruit and vegetables. Specials Similar to dry standard, but designed specifically for the transportation of non- conforming cargoes. Used to carry non-standard items such as sheet glass, large machinery, and vehicles. Tanks Stainless steel cylinder set within an ISO steel frame. Used mostly to carry industrial chemicals in liquid form and potable liquids such as fruit juices and wines. 1) Source: Harrison Consulting. 27#28Container Production CIMC DFIC CXIC Singamas Container TEU production by manufacturer Others 1 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2022 2021 1) Figures based on management estimates using industry sources. Containers are manufactured in China, a highly desirable on-hire location for our customers. t X CIMC, DFIC, and CXIC have emerged as the dominant suppliers, controlling 85% of the market. Lead times typically range 1 to 2 months, allowing near "just-in-time" ordering, quickly adjusting to changes in market demand and reducing inventory risk. Leased containers have a long economic life of 15+ years and little technological obsolescence. At the end of their economic life, containers are sold on a secondary market to a different customer base for other uses such as static storage or one-way cargo moves. 28 28#29Container Leasing Benefits Leasing customers are primarily shipping lines which generally lease a large portion of their container fleet Given recent consolidation, the top 10 shipping lines represent ~85% market share Benefits to lessees Flexibility to on-hire/off- hire¹ containers to optimize to lessors capacity to meet fluctuating demand requirements. Flexibility to on-hire/off- hire containers at locations around the globe to alleviate trade imbalances. Conserves capital for significant cash requirements such as vessels, terminals, and fuel costs. Provides an alternate source of financing in a capital intensive business. Leases are non-cancellable, with terms typically ranging 5-13yrs (initial lease) and 1- 8yrs (renewals). Long-term nature of leases offers stable and predictable cash flows with protection during economic down cycles. Leases are "triple-net" requiring the lessee to pay for all repairs in excess of normal wear and tear. Lessees are incentivized to renew expiring leases to avoid repair costs and the logistical cost of the return. t X 1) 2) Container vessels slots by shipping line² MSC 18% Maersk 16% CMA 13% Container fleet ownership² COSCO 11% Hapag-Lloyd 7% 27M TEU vessel slots serviced by 54M TEU containers Textainer 9% All others Top 6-10 20% 17% Worldwide total slots: 27M TEU Other lessors 41% Shipping lines 50% Worldwide total containers: 54M TEU Containers can only be off-hired at the termination of the contractual lease term and are subject to provisions that limit the amount and location of returning containers. Source: Harrison Consulting and Linerlytica. 29 29#30Asia-Europe Transpacific Middle East/India Latin America Intra-Asia Africa Transatlantic World Container Trade Container demand is inherently tied to trade. Growth of the global container fleet is therefore expected to be in line with global GDP growth. Vessel capacity by major trade route² Other 0% 5% 10% 15% 20% 25% 15% 10% 5% 0% -5% Container trade vs. GDP growth¹ А -10% -15% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Container trade Real GDP 2019 2020 2021 2022 2023 (est.) 2024 (est.) 1) Source: GDP figures published by the IMF. Container trade figures are based on figures published by WTO and management estima tes from various industry sources; total volume in TEU. 2) Source: Linerlytica, based on deployed vessel capacity in TEU. 30 t X#31900,000 Historical Container Market Data $/unit Spot new container price vs. steel cost² TEUS $3,900 2,000,000 $3,600 $3,300 $3,000 1,500,000 $2,700 $2,400 $2,100 1,000,000 $1,800 $1,500 $1,200 500,000 $900 $600 $300 2Q18 3Q18 4Q18 20ft Dry (avg. quoted price) 2Q20 3Q20 4Q20 1Q21 TEUS 1,300,000 1,100,000 Factory inventory - Dry containers² 700,000 500,000 300,000 100,000 2Q18 3Q18 4Q18 1Q19 2Q19 στοε 4Q19 1Q20 2Q20 Lessors 3Q20 4Q20 1Q21 Shipping lines 3Q22 4Q22 1Q23 Blended steel cost per container 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 1) Source: Harrison Consulting. 2) Source: management estimates using industry sources as of the end of each period. TEUS 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 2006 2007 2008 2009 2010 2011 Lessors 2Q18 3Q18 4Q18 1Q19 Lessors and traders 2012 New production - Dry containers² Avg CoC 14% t X 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Shipping lines 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Market CoC Yield Worldwide fleet growth¹ 5% CAGR Shipping lines 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 31 4% 6% 8% 12% 10%#32921 GL TGHU 180770 9 22G1 MAX WI TARE WT PAYLOAD CX CAP 38.400 87.200 LBS 20.300 $2.300 LBS 322 CM 1170 CAFE 1115 tex A A tex TGHU 995372 9 4581 THE CL 327 2253 155 345 1512 tx Appendix#33Reconciliation of GAAP to Non-GAAP Items t X March 31, 2023 December 31, 2022 March 31, 2022 December 31, 2022 (Dollars in thousands, except per share amounts) (Unaudited) December 31, 2021 (Dollars in thousands, except per share amounts) (Unaudited) Reconciliation of adjusted net income: Net income attributable to common shareholders $ 53,626 $ 61,854 $ 72,705 $ 289,549 $ 273,459 Adjustments: Unrealized loss (gain) on financial instruments, net Impact of reconciling items on income tax (3) 176 207 502 (4,409) 1 (37) (43) (105) (288) Adjusted net income $ 53,624 $ 61,993 $ 72,869 $ 289,946 $ 284,087 Adjusted net income per diluted common share 1.22 $ 1.38 $ 1.48 $ 6.13 $ 5.62 Reconciliation of adjusted EBITDA: Net income attributable to common shareholders Adjustments: Interest income Interest expense Unrealized loss (gain) on financial instruments, net Income tax expense Depreciation and amortization Adjusted EBITDA $ 53,626 $ 61,854 $ 72,705 $ 289,549 $ 273,459 (2,082) 42,130 (1,818) 43,105 (36) (3,261) (123) 35,309 157,249 127,269 (3) 176 207 502 (4,409) 1,476 2,007 1,639 7,539 1,773 71,838 $ 166,985 $ 74,140 179,464 72,493 292,828 284,115 $ 182,317 $ 745,514 $ 697,948 33#34t e X