Investor Presentaiton
Platform Synergies Enhance Lease Portfolio ROE
$8.0 Billion
(Assets)
$(4.5 Billion)
(Liabilities)
Total Leased
Assets
Capital
Funding
$(863 Million)
(DTL)
13.8%
Comparable to
third party
leasing
company
Pre-Tax ROE*
(Leasing Group)
$2.6 Billion
$(719 Million)
(Deferred Profit)
(Assets -
Liabilities)
Reflects
benefits of
integrated
platform
$(349 Million)
(Noncontrolling
Interest)
$1.5 Billion
(Total Equity-
Leasing Group)
Tax-
Advantaged
Investment
Segment
Book Value of
Lease Fleet
Lower Cost
Basis of Railcar
Assets
RIV Partner
Capital
Leasing
Business Net
Investment
*All specified data as of quarter end December 31, 2019
See Next Page: 'Single Unit Railcar Economics' for comparison of Trinity's platform to standalone model
TRINITY INDUSTRIES
*See appendix for reconciliation of non-GAAP measures
DELIVERING GOODS for THE GOOD of ALL
III
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