Investor Presentaiton

Greenbrier History Founded in 1981 by current CEO Bill Furman and partner Alan James by the acquisition of a small fleet of freight cars from Commercial Metals Company Bought Gunderson from FMC Corp in 1985 Became primary industry producer of double-stack intermodal cars Key supplier to forest products industry Listed on the NYSE in 1994 Established Greenbrier Europe in 1998 with acquisition of Wagony Swidnica Diversified into covered hopper cars and tank cars in 2006 and expanded production in Mexico ■ GIMSA - 2006 ■ Concarril 2012 Tlaxcala - 2014 Formed GBW Repair JV with Watco in 2014 Acquired a 35% stake in the leading railcar manufacturer in Brazil; Amsted-Maxion Hortolandia G 2

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