Investor Presentaiton
Railcars Are Attractive Long-term Investments
.
Stable and
Predictable Cash
Flows
Long-term leases
High renewal success rates
•
Tax-advantaged
Investment
Accelerated depreciation for
tax purposes
•
100% bonus depreciation
•
Low credit defaults and bad
debt expense
.
Active secondary market
under current tax law
Superior risk-adjusted
returns
•
Hard Asset Value
with Inflation
Benefits
35-50 year useful life
.
Positive yield relationship to
inflation
•
Low volatility for residuals
Low technological
obsolescence
Natural Interest Rate
Hedge
•
Rent yields highly correlate
to interest rates
Strong Correlation
with GDP
Integral component of North
American supply chain
Multiple market sectors with
varying demand drivers
Environmentally
Friendly*
Accounts for 1/3 of U.S.
freight, but only 0.6% of
greenhouse emissions
100% recyclable through
scrap and salvage
TRINITY INDUSTRIES
*See appendix for source info
DELIVERING GOODS for THE GOOD of ALL
III
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