Strong Position in Growing Market
HIGHLIGHTS
Triton International is the largest intermodal container leasing company in the world
T TRITON
>> Own 7.0 million twenty-foot equivalent units ("TEU”) of containers; estimated leasing share close to 30%
>> Lease our containers to global shipping lines on operating leases
Triton has significant competitive advantages and a long track record of strong financial performance
>> Scale, cost and capability leadership
>> Well-structured long-term lease portfolio
>> Long-term average ROE in upper teens
>> Over $1.3 billion in cash flow before capex supports asset growth, dividends and share repurchases
Triton is driving exceptional performance during current surge in trade
>> Q2 adjusted EPS of $2.14 per share, up 12.0% from Q1; Q2 annualized return on equity of 26.6%
» Container demand driven by combination of strong trade volumes and significant logistical disruptions
>> Strong capex program providing critical support to customers and locking-in 25%+ growth for 2021
Triton's long-term outlook meaningfully boosted by durable business and market improvements
>> Very large block of 2020 and 2021 high-IRR containers provides strong long-term foundation for profitability
>> Comprehensive debt refinancing and transition to investment grade bonds expanding leasing margin
» Significantly improved credit profile for major shipping lines
>> Expect high ROE for Triton will lead to accelerated growth in book value per share
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