Investor Presentaiton

Rail Investment Profile vs. Other Asset Classes Leased railcar investments generate attractive risk-adjusted returns relative to other asset classes* Railcar Attributes Aircraft* Real Estate* Cost of Production / Investment Concentration Low/Highly diverse Highhighly concentrated High varied by type Obsolescence Risk Low Medium to high Varied Lessee Credit Quality Debt Funding Capacity Return Profile Stable Mid Teens High largely consists of industrial shippers (40-50% IG rated) Market Open - up to 90% IG advance rate Medium/largely consists of low cost carriers Varied by asset type Market Closed advance rate - up to 80% IG Market open LTV - up to 60% Volatile Low Single to High Double Digits Volatile Low Single to High Double Digits TRINITY INDUSTRIES *See appendix for footnotes DELIVERING GOODS for THE GOOD of ALL III 25

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