Investor Presentaiton

■ Current Market Environment and Outlook Slow lease-out market Following two years of elevated demand and significant fleet expansion, we are now experiencing a healthy consolidation phase with limited new container production. In spite of muted demand for new lease- outs, turn-ins remain controlled and focused on sales-age. Decreased container production Given low demand, container production has significantly decreased, with most container factories expected to remain closed through 2Q23. New container prices have stabilized slightly above historical averages, driven by increased component costs and scarce production. ■ Resale prices have decreased from their early 2022 peak, but have stabilized since last quarter and above long-term averages and GAAP residuals. Strong customer balance sheets Shipping lines are reporting normalized financial results in 2023 due to decreased freight demand but are expected to still generate positive results for the year due to their focus on contracted business with longer term durations. Profitability has translated into strong payment performance and has allowed carriers to shore up their balance sheets. t X Low container demand expected for 2023, though we may see positive momentum in the traditional summer peak season. Utilization is expected to remain elevated through 2023. Textainer's base revenues and profitability is supported by the fixed long-term nature of our lease contracts and use of fixed- rate hedged financing. Reduced credit risk of our customers should continue into future years, as shipping lines maintain optimized balance sheets with a focus on contracted revenue. 15

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