Investor Presentaiton

3 Year Business & Financial Outlook Cash Flows Business Drivers Industry Deliveries Lease Portfolio Net Investment* Lease Fleet Utilization Manufacturing OPM Pre-tax ROE Total CF from Ops Balance Sheet Optimization Share Repurchases Dividends *Does not include potential investment from secondary market activities 2 FY 2021 - 2023 ~ 120,000 railcars (over 3 years) - $500M $600M (over 3 years) 95%+ Mid to high single digits - Mid-teens $1.5B $2.0B (over 3 years) Achieve 60-65% LTV target Potentially significant Double-digit annual growth TRINITY INDUSTRIES DELIVERING GOODS for THE GOOD of ALL III 53

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