Investor Presentaiton
Financial and Business Highlights
($ in 000s, excluding per share amounts)
QTD vs Prior Quarter
QTD vs Prior Year
1Q 2023
4Q 2022
Change
1Q 2023
1Q 2022
Change
Lease rental income
$
194,901
$
202,912
$
(8,011) -4%
$
194,901
$
198,718 $
(3,817)
-2%
1
Gain on sale and Trading margin
$
9,393
$
15,119
$
(5,726) -38%
$
9,393
$
16,775 $
(7,382)
-44%
Income from operations
$
100,379
$
111,544
$
(11,165) -10%
$
100,379
$
114,716
$
(14,337)
-12%
Net income to common shareholders
$
53,626
$
61,854
$
(8,228) -13% $
53,626
$
72,705
$
(19,079)
-26%
per diluted share
$
1.22
$
1.38
$
(0.16) -11%
$
1.22
$
1.47
$
(0.25)
-17%
Adjusted net income
per diluted share
$
53,624
$
61,993
$
(8,369) -13%
$
53,624
$
72,869
$
1.22
$
1.38
$
(0.16) -12%
$
1.22
$
1.48
Adjusted EBITDA
$
166,985
$
179,464
$
(12,479) -7%
$
166,985
$
182,317
SSS
$
(19,245)
-26%
$
(0.26)
-18%
$ (15,332)
-8%
Cash, including restricted cash
$
244,609
$
267,409
$
(22,800) -9%
$
244,609
2
Total "lease" container fleet
$ 6,855,677
$
7,009,792
$
(154,115) -2%
3
Total "resale" container fleet
$
43,483
$
36,485
$
Debt, net of deferred financing costs
Total equity
$ 5,344,222
$ 1,968,376
$ 5,504,919
$ 1,996,289
$
$
6,998 19%
(160,697) -3%
(27,913) -1% $
$ 6,855,677
$ 43,483
$ 5,344,222
1,968,376
$ 280,317
$ 7,239,467
$ 18,470
$ 5,675,973
$ (35,708)
-13%
$ (383,790)
-5%
$
$ 25,013
(331,751)
135%
-6%
$ 1,873,177
$ 95,199
5%
Average fleet utilization
98.8%
99.0%
Total fleet size at end of period (TEU)
4,375,474
4,425,300
-0.2% 0%
(49,826) -1%
98.8%
4,375,474
Container capex 4
$
Shares repurchased
3,000
1,266,182
$
21,000
1,543,267
$
(18,000) -86%
$
3,000
$
1,266,182
99.7%
4,402,158
497,000
957,689
-0.9%
-1%
(26,684)
-1%
$
(494,000)
-99%
t
X
1)
2)
Combined total of Gain on sale of owned fleet containers, net, and Trading container margin.
Combined total of Containers, net, Net investment in finance leases, and Container leaseback
financing receivable.
3)
Combined total of Trading containers and Containers held for sale.
4)
Based on date added to the fleet (delivery date). Consists of all container purchases for both
the owned and managed fleet. Does not reflect moves between owned and managed.
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