Triton Outlook and Market Fundamentals
Key Operating Metrics
MONTHLY UTILIZATION (CEU)
100%
95%
90%
85%
80%
75%
70%
LIFECYCLE LEASES (1)(2)
70%
60%
Sale Age at Expiration (CEU)
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Sep-22
Dec-22
Jan-23
Mar-19
Jun-19
Sep-19
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Dec-16
DRY CONTAINER PICK-UP/DROP-OFF
ACTIVITY (TEU) (3)
Off-Hires
Net
300,000
On-Hires
250,000
200,000
150,000
100,000
50,000
0
(50,000)
Jun-20
Sep-20
Dec-20
Mar-21
Jun-19
Sep-19
Dec-19
Mar-20
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Mar-19
Dec-16
(3) Excludes sale-leaseback equipment. Includes finance leases.
+ TRITON
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Sep-22
Dec-22
Jan-23
Per Diem Index
50%
40%
30%
20%
10%
0%
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Mar-19
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
(1) Includes all equipment and lease types.
(2) Lifecycle leases structured so that containers will be sale age at lease expiration.
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Sep-22
Dec-22
TREND OF LEASING TRANSACTIONS -
NEW DRY CONTAINERS (4)
1.8
1.6
1.4
208
1.2
1.0
0.8
0.6
0.4
0.2
0.0
= = © =g g སྒྱུ སྶུ 9
(4) Bubble size represents new dry container leasing transactions in approximate
dollar value by quarter.
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