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Investor Presentaiton

123 1) 2) 3) Textainer Capital Allocation Net cash generated for capital allocation ($ in 000s) The fixed and long-term nature of both our leases portfolio and debt service generates a stable level of excess cash, providing flexibility for all three of our capital allocation priorities: 1) 2) 3) Capex: We invest in containers when the expected returns are accretive to the business. The short-lead time of container manufacturing allows us to moderate capex based on demand, participating only in profitable and attractive opportunities. Leverage: We manage debt levels to ensure we maintain stable and optimized access to financing and sufficient available capacity for incremental ca pex opportunities. Shareholder returns: We are committed to returning capital to our common shareholders, by a combination of both our quarterly common dividend and share buyback programs. t LTM 1Q23 annualized X Adjusted EBITDA (see reconciliation in Appendix) $730,182 $667,940 Plus: Principal portion of finance leasesĀ³ +181,222 +184,088 Plus: NBV of container disposals +140,828 +129,440 Minus: Interest expense (excluding non-cash amortization) and preferred dividends -173,780 -178,608 Minus: Current debt balance as of quarter end Net cash available for capital allocation, net of debt service -394,186 -394,186 $484,266 $408,674 Capital allocation alternatives (potential uses of net cash; the illustrative amounts shown below for each alternative are mutually exclusive): 1) Capex potential using current leverage Growth Replacement 2,3 Total capex potential using current leverage 2) Incremental debt paydown in excess of required repayments (decreasing current leverage) $1,807,107 $1,442,490 $614,223 $600,880 $2,421,330 $2,043,370 $484,266 $408,674 $ (in 000's) Capex (cash-basis, owned fleet) and debt load $2,500,000 $2,000,000 Over the past 10 years, Textainer has grown the owned fleet by a 7% CAGR $1,500,000 $1,000,000 $500,000 $0 I CAPEX (owned fleet) Net debt loan-to-value (1) 3) Shareholder returns 80% $ (in 000's) $250,000 78% $200,000 76% $150,000 74% $100,000 72% $50,000 70% 50 $0 Net debt loan-to-value is calculated as borrowings (net of cash) + manufacturer Payables, divided by the NBV of our owned fleet. Replacement capex consists of depreciation expense, principal portion of finance lease billings, and NBV of container disposa ls. Excludes non-recurring one-time principal payments. Shareholder cash returns Over the past 10 years, Textainer's cumulative common dividends and buybacks represent 62% of its cumulative adjusted net income for that period Common share dividends 2017 2018 2019 2020 2021 Share buybacks 2022 1Q23 $484,266 $408,674 14
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