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Investor Presentaiton

Container 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
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