Triton Outlook and Market Fundamentals
Attractive Fundamentals Reinforced by Triton Advantages
ATTRACTIVE MARKET FUNDAMENTALS
Strong organic growth across the cycle
• Natural exposure to high-growth emerging
economies
• Trade growth > Global GDP growth most years
• Increasing share for leasing over the long term
Short production timeline limits risk of excess
capacity
Assets preserve value as they age
⚫ Limited risk of technological obsolescence
⚫ Limited age discrimination
Deep resale market for older containers with
strong value retention
Favorable selling dynamics
• Operational value-add supports pricing
• Containers essential to liners' revenue but not
meaningful to cost
TRITON ADVANTAGES
Strong balance sheet
Investment grade balance sheet with leverage in
line with historical averages
Cost advantage from scale
• S&A ratio below public peer
Extensive and reliable supply capability
⚫ Favored supplier status with major lines
.
Ability to win more than fair share of
opportunities and some pricing and structuring
flexibility
Broad marketing and operations infrastructure
.
High lifetime utilization
High average sale age
• Premium used container selling prices
+ TRITON
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