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Investor Presentaiton

Overview 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.
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