Investor Presentaiton

Continued investment in our manufacturing capabilities Continued investment in robotic automation and inspection imagery equipment Lean manufacturing program 4DX successfully implemented at GBW repair shops and throughout our manufacturing facilities ■ Engineering added new designs to our product portfolio including pressure tank cars and tank cars for downstream petrochemical service Awarded all quality certifications in 2016 (ISO- 9001, AAR M1002, M1003, doors S/A, wheel shop) CLAS FLUOROS CARINA 8

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