1

INVESTOR PRESENTATION

February 2018

2

DISCLAIMER

Forward-Looking Statements

Certain statements in this presentation, other than purely historical information, are "forward-looking statements" within the meaning of the PrivateSecurities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, asamended. Statements that include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will," "may," "would" and similar statements of afuture or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks anduncertainties, many of which are beyond Triton International Limited’s (“Triton”) control. Accordingly, there are or will be important factors that could causeactual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.

These factors include, without limitation, economic, business, competitive, market and regulatory conditions and the following: decreases in the demand forleased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; customers'decisions to buy rather than lease containers; dependence on a limited number of customers for a substantial portion of our revenues; customer defaults;decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international natureof our businesses; decreases in the demand for international trade; disruption to their operations resulting from the political and economic policies of theUnited States and other countries, particularly China, including increased tariffs; disruption to our operations from failures of or attacks on their informationtechnology systems; compliance with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection andcorruption; ability to obtain sufficient capital to support our growth; restrictions on our businesses imposed by the terms of our debt agreements; changes inthe tax laws in the United States and other countries; and other risks and uncertainties, including those risk factors set forth in the section entitled Item 1A"Risk Factors" beginning on page 14 of Triton International Limited’s Annual Report on Form 10-K for the year ended December 31, 2016, as updated fromtime to time by Triton International Limited’s Quarterly Reports on Form 10-Q or other comments of Triton International Limited on file with the UnitedStates Securities and Exchange Commission.

The foregoing list of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements thatare included herein and elsewhere. Any forward-looking statements made herein are qualified in their entirety by these cautionary statements, and therecan be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have theexpected consequences to, or effects on Triton or its business or operations. Except to the extent required by applicable law, we undertake no obligation toupdate publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Company Overview

4

OVERVIEW

Triton International Limited (“Triton”) is the largest container leasing company in the world

» Created in July 2016 through the merger of two long-term industry leaders, Triton Container International Limited (“TCIL”) and TAL International Group Inc. (“TAL”)

» Own over 5.6 million twenty-foot equivalent units (“TEU”) of containers

» Have significant financial and operating advantages in our market

Triton took advantage of its leadership position and favorable conditions in 2017 to achieve excellent performance

Triton (and its predecessor companies) has a long track record of strong performance across many business cycles

» Market leading returns

» Stable cash flow generation

We believe Triton is well-positioned for continued success

» Attractive long-term market fundamentals

» Favorable current conditions

» Well-structured, long-term lease portfolio

» Significant scale, cost and capability advantages to drive continued outperformance

5

TRITON CONTAINER FLEET AND LEASE PORTFOLIO

The Large Majority of Triton’s Containers AreOn-hire Under Multi-year Long-term Leases

Lease Portfolio – As of December 31, 2017

Average remaining duration of long-term & finance leases was approximately 43 months as of December 31, 2017

Container Fleet

% ofRevenue

2017Triton

Position(1)

Drys 63% #1

Refrigerated 29% #1

Specials 5% #1

Chassis 2% #4

Tanks 1% #5

4.9% 3.4%

72.2% 75.3%

8.8% 8.3%

14.1% 13.0%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

CEU NBV

Service Leases

Long-Term Expired Lease (Units on Hire)

Long-Term Lease

Finance lease

(1) Source: Drewry Container Census & Lease Industry Annual Report 2017, IICL and ITCO.

6

TRITON’S EVOLUTION INTO THE PREMIER CONTAINER LESSOR

1960 2006 2012 20182000

1963: TAL begins operations

Oct. 12, 2005: TAL IPOMarket Cap:

$600mm

Nov. 9, 2015: TCIL and TAL Announce Merger

Nov. 2004: The Jordan Co. Acquires TAL

July 12, 2016: TCIL and TAL Close Merger

1980: TCIL begins operations

Feb. 2011: Warburg Pincus and Vestar

Capital acquire TCIL

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

CEU

(M

illio

ns)

Fleet Growth (CEU)

TritonTCILTAL

CAGR: 9.6%

TAL parent, Transamerica, acquired

by Aegon, leading to limited reinvestment

7

MERGER SET A NEW STANDARD ACROSS CONSOLIDATING LANDSCAPE

Triton26%

Florens18%

Textainer16%

Seaco12%

Seacube6%

CAI6%

Beacon5%

Other 11%Textainer

18%

Triton13%

TAL12%

Florens11%

Seaco7%

Seacube7%

CAI6%

Cronos 5%

Dong Fang4%

Beacon4%

Gold3%

Other10%

(1) Source: Drewry Container Census & Lease Industry Annual Report 2016 and 2017, based on fleet size in TEU at end-2016; figures exclude containers owned by shipping lines and other.

Current Leasing Share (1)Pre-Merger Leasing Share (1)

8

SCALE ADVANTAGES

Triton Target

Level (2)

TextainerCAI

2%

4%

6%

8%

10%

12%

Triton Target Leve l Textainer CAI

S&A as % of Leasing Revenue (1)

Capital Expenditures since June 30, 2016 (3)Cost Comparison to Peers Upon Full Realization of Synergies

Triton

Textainer CAI

$0

$500

$1,000

$1,500

$2,000

$2,500

Triton Textainer CAI

($ in

MM

)

(1) Triton Target Level calculated based on target level of S&A after integration savings are fully realized. Textainer based on financials for the quarter ended December 31, 2017 and includes short-term and long-term incentive compensation expense. CAI container leasing segment data shown for full year 2016, the most recent segment disclosure available.

(2) Based on the quarter ending December 31, 2017, Triton’s S&A to Leasing Revenue was 6.8%.(3) Calculated as the sum of cash paid for containers as reported in the cash flow statements of quarterly earnings filings plus the equipment purchases payables at December 31, 2017. For CAI, data includes both container

and rail segments. Excludes capex commitments.

9

EXTENSIVE GLOBAL OPERATING INFRASTRUCTURE

Extensive global footprint provides strong operating and marketing capabilities

» 24 offices worldwide located in 15 different countries; 456 third-party depots located in 47 different countries (1)

» Leased used containers to 259 customers from 53 countries and sold containers to 1,451 customers from 77 countries (2)

» Worked with over 130 third-party logistics providers to efficiently move over 40,000 containers to better locations (2)

Combined scale allows Triton to provide best-in-class global service at low unit cost

Seattle

San Francisco

Houston

New YorkNew Jersey

Bermuda

Miami

Rio de Janeiro

Sydney

Singapore

Mumbai

London

Hamburg

SeoulTokyo

Shanghai

Taipei

Bangkok

Triton OfficeDepot

Hong Kong

AntwerpRotterdam

Lexington

(1) As of December 31, 2017.(2) For the full year 2017.

10

SUPPLIER OF CHOICE TO WORLD’S LARGEST SHIPPING LINES

Triton estimates that it has a #1 position with (1):

» Each of the top 5 carriers

» 8 of the top 10 carriers

Top 10 customers have leased containers from the Company for over 30 years on average (2)

(2)

(2)

(2)

(2)

(1) Carriers with announced but uncompleted acquisitions counted separately.(2) Acquisition or merger completed or in process. Dashed lines indicate acquisition or merger is currently in process; solid lines indicate completion.

Triton Is the World’s Leading Supplier Top Global Shipping Lines

11

LONG-TERM PERFORMANCE SUPPORTED BY STRONG CASH FLOWAND NATURAL RESILIENCY FROM THE BUSINESS CYCLE

» Combined average pretax ROE of 19.4% since 2005

» Combined average annual asset growth of 10.3% since 2005

» Average annual TSR since TAL IPO in 2005 11.3%

Triton and its original

companies have long track

records of strong performance

Long-term investment

returns supported by strong, stable

cash flow

Investment returns also protected by

natural resiliency from down

cycles

» Leasing revenue and EBITDA stable due to large portion of containers on long-term lease, practical limitations against rapid container returns and low ratio of cash operating expenses relative to leasing revenue

» Capex is discretionary and can be turned off quickly

» Dividend capacity underpins investment returns

– TAL / TRTN has paid $22.28 in dividends per share since TAL’s 2005 IPO, equal to 124% of TAL’s IPO price

» Container supply / demand rebalances quickly due to short lead time for containers and 4-5% annual attrition

» Triton’s margin advantage over competitors and greater access to financing has typically resulted in a period of limited competition after cycle bottoms

» No real risk of obsolescence or threat from new breed of competitor

12

Container Boxes Aircraft Containerships Railcar

CONTAINER BOXES VS. OTHER LEASED ASSET CLASSES

Addressable Market $80bn – $100bn $250bn – $300bn (1) $200bn – $225bn (2)

$110bn – $130bn (3)

Average Cost of Assets

20' Dry Van: ~$2,200 Wide Body: $250mm (4)

Narrow Body: $95mm(5)

3,500 TEU: ~$35mm

10,000 TEU: ~$100mm ~$90,000

Asset Purchase Lead Time

2-3 Months ~3 Years ~ 2–3 Years 1–2 Years

Expected Useful Life 13 - 15 years 20+ years 25+ years 40+ years

Customer Base Global Container Liners Global Airlines Global Container Liners Rail, Leasing, Shipping

Companies

Competition Competitive market;

ownership represents ~50% of market

Market saturated: dozens of competing lessors driving down rates

Numerous lessors

KGs out of market

A few large players with many smaller players

OEM 4 manufacturers constitute

90% of market; CIMC is ~50% 2 major manufacturers

Numerous shipyards in China, Korea and Asia

Limited number of manufacturers

Key Success Factors

Global scale

Operating capability

Extensive supply capability

Customer/ manufacturer relationships

Low cost of capital

Investment timing

Aircraft selection

Customer/ manufacturer relationships

Low cost of capital

Investment timing

Crewing operations

Customer/ manufacturer relationships

Low cost of capital

Operations network

Customer/ manufacturer relationships

Investment timing

Technological Obsolescence

Low High Medium Low

Specification / Standardization

Highly standardized Highly specialized Specialized Standardized

Return on Assets(6) 6% - 8% 5% - 7% 5% - 7% 4% - 6%

Source: Company filings, and Wall Street research..(1) Per Technavio; represents Total Commercial Aviation Market size based on Commercial Aircraft Leasing market share of 12% and value of $30-$35bn.(2) Implied value based on industry data provided by Alphaliner and Clarksons.(3) Per Buckingham Research Group; represents Global Railcar Market.(4) Represents list price of a new A330. (5) Represents average list price of a new A319 and A320. (6) Average EBIT / total assets.

13

-1%

0%

1%

2%

3%

4%

5%

6%

7%

-10% -5% 0% 5% 10% 15%

-1%

0%

1%

2%

3%

4%

5%

6%

7%

8%

-10% -5% 0% 5% 10% 15%

STRONG ABSOLUTE AND RELATIVE FINANCIAL PERFORMANCEOVER MANY YEARS

Triton: Reflects combined financials for TAL and TCIL; Aircraft Leasing: Aercap, Aircastle, FLY, Airlease; Containership Chartering: SSW, DAC, CMRE; Container Shipping: NOL, NYK, Kline, MOL, OOCL; Rental Companies: H&E Equipment, McGrath, Mobile Mini, Ryder, URI; Commercial Finance: CIT Group, Marlin, Newstar Financial; Railcar Leasing: GATX

Average Annual Growth in Revenue Earning Assets – 2008-2017

Ave

rage

An

nu

al R

etu

rn o

n A

sse

ts (

EBIT

/ T

ota

l Ass

ets

)

Aircraft Leasing(1)

(1) REA growth excludes AerCap acquisition of ILFC from AIG in 2014

10 Year 5 Year

Commercial Finance

Container Shipping

Triton

Ave

rage

An

nu

al R

etu

rn o

n A

sse

ts (

EBIT

/ T

ota

l Ass

ets

)

Average Annual Growth in Revenue Earning Assets – 2013-2017

Container Shipping

Railcar Leasing

Railcar Leasing

Commercial Finance

Aircraft Leasing(1)

Rental Triton

Containership CharteringContainership

Chartering

Rental Companies

14

MARKET AND PERFORMANCE OVERVIEW

» Completed merger integration

» Achieved strong recovery in operating performance and profitability after challenging 2015 / 2016

» Secured nearly 50% market share of new container transactions, strengthening leadership position and building long tail of enhanced earnings and cash flow

» Recovery in global trade growth

» Rebound in steel and new container prices

» Limited purchasing of new containers by most shipping lines

» Limited purchasing of new containers by several competitors, especially in the first half of the year

» Trade growth expected to remain solidly positive

» Supply of containers remains well-controlled

» Expect shipping lines to continue to rely heavily on leased containers

» Several leasing companies returned to the market in 2H 2017, but conditions remain favorable, we have significant advantages and we expect another successful investment year

Triton achieved excellent

performance in 2017

Triton’s strong performance

was supported by favorable

market conditions

We expect market

conditions to remain favorable

in 2018

15

Sources: Container Trade Growth 2008-2016: Alphaliner Monthly Monitor – December 2017.Container Trade Growth 2017E-2018E: average of estimates from Alphaliner Monthly Monitor –December 2017 and Clarksons Container Intelligence Monthly – December 2017.GDP Growth: International Monetary Fund, October 2017 World Economic Outlook Update and earlier editions of the same report.

(10%)

(5%)

0%

5%

10%

15%

20%

Gro

wth

Rat

e

Container Trade Growth Global GDP Growth

MARKET CONDITIONS REMAIN FAVORABLE

Global GDP and Container Trade Growth World Container Fleet and Leasing Share

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Ch

ina

Dry

Van

Ne

w P

rod

uct

ion

In

ven

tory

(TE

U)

Shipping Inventory Leasing Inventory

New Dry Factory Inventory Triton’s Dry Depot Lease Inventory in Asia

-

50,000

100,000

150,000

200,000

250,000

Trit

on

’s A

sia

Inve

nto

ry (

TEU

)

Unbooked Asia Dry Inventory Booked Asia Dry InventorySources: Shipping and Leasing Factory Inventory estimates provided by commonly used informal surveys by factory inspectors. Source: Internal container management reports.

0%

10%

20%

30%

40%

50%

60%

0

10

20

30

40

50

Leas

ing

Co

mp

any

(%)

TEU

(M

M)

Leasing Company Owned Shipping Line Owned Leasing (%)

Source: Drewry Container Census & Lease Industry Annual Report 2017.

16

91%

92%

93%

94%

95%

96%

97%

98%

99%

100%

Ending Quarterly Utilization (CEU)

65%

70%

75%

80%

85%

90%

95%

100%

105%

110%

115%

120%

125%

Overall Lease Rate Index (CEU)

(100,000)

(75,000)

(50,000)

(25,000)

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000

225,000

Dry Container Pick-up / Drop-off Activity (Units) (excluding Sale Leaseback)

Pick-ups Drop-offs Net

50%

75%

100%

125%

150%

175%

200%

225%

250%

Used Dry Container Sales Price Index (1)

20' Price Index 40'HC Price Index(1) Excludes sale of new equipment

TRITON’S KEY OPERATING METRICS STRONG

Ending Quarterly Utilization (CEU) Dry Lease Rate Index (CEU)

Dry Container Pick-up / Drop-off Activity (Units) (1) Used Dry Container Sales Price Index

(1) Excludes Sale-leaseback units.

17

TRITON’S EARNINGS BASE ENHANCED BYRECENT HIGH VALUE LEASES

Invested over $2.5 billion in containers since the merger

Supplied nearly 50% of leased containers since the merger and approximately 25% of new containers overall (including direct purchases by shipping lines)

Triton’s investment capacity supported by market-leading capabilities

» Extensive investment in factory inventory

» Financial strength across the cycle

» Deep customer relationships

» Strong reputation for reliability

» Leading quality control effort

Triton’s Investment Success…

Large block of recent investments will enhance profitability and cash flow for many years

» Post-merger investments represent approximately 25% of our revenue earning assets

» New investment returns supported by attractive supply / demand dynamics

» Leases also well protected with extended average initial durations and well structured drop-off logistics

Triton’s ability to supply the market in 2017 reinforced position as supplier of choice to world’s largest shipping lines

» Triton provided critically needed container capacity to almost all major shipping lines in 2017

» Believe reliable access to containers is number one selection factor

» Customer consolidation leading to larger requirements

…Is Building Long-Term Value

18

$1,000

$3,500

$6,000

$8,500

$11,000

$100

$200

$300

$400

Q2

'15

Q3

'15

Q4

'15

Q1

'16

Q2

'16

Q3

'16

Q4

'16

Q1

'17

Q2

'17

Q3

'17

Q4

'17

Rev

enu

e Ea

rnin

g A

sset

s($

in M

M)

Leas

ing

Rev

enu

e ($

in M

M)

Leasing Revenue Revenue Earning Assets (Avg.)

Q2

'15

Q3

'15

Q4

'15

Q1

'16

Q2

'16

Q3

'16

Q4

'16

Q1

'17

Q2

'17

Q3

'17

Q4

'17

$(25)

$-

$25

$50

$75

$100

($ in

MM

)

Gain (Loss) on Sale

Adjusted Pre-Tax Income Excluding Gain (Loss) on Sale

Adjusted Pre-Tax Income

(1) The combined financial information from Q2 2016 and prior periods does not reflect results on a GAAP basis. GAAP financial statements reflect only the TCIL operations prior to the merger on July 12, 2016, and can be found in the Company’s 10-Q and 10-K filings.

(2) Excludes purchase accounting adjustments.(3) Revenue Earning Assets includes the NBV of leasing equipment, equipment held for sale, and the

net investment in finance leases. The amount represents the average balance at the beginning and end of the period presented.

(4) Reflects purchase accounting adjustments.

Leasing Revenue and Revenue Earning Assets (2)(3) Adjusted Pre-Tax Income (4)

$-

$50

$100

$150

$200

$250

Q2

'15

Q3

'15

Q4

'15

Q1

'16

Q2

'16

Q3

'16

Q4

'16

Q1

'17

Q2

'17

Q3

'17

Q4

'17

($ in

MM

)

Adjusted EBITDA – Interest Expense

Adjusted EBITDA – Interest Expense (2)

TRITON’S FINANCIAL PERFORMANCE BACK ON TRACK (1)

19

EQUITY CASH FLOW ANALYSIS

* Represents depreciation, NBV of disposals and principal payments on finance leases.

Internal cash flows, at constant leverage, support high level of growth

($ in 000s , except per share data)

Q4 17 Annualized

Adjusted EBITDA $1,157,372

Principal Payments on Finance Leases 62,108

NBV of Container Disposals 177,396

Major Cash In Flows $1,396,876

Interest Expense $297,076

Cash Flow Before Capex 1,099,800 Replacement Capex * 760,176

Steady-state Cash flow $339,624

Per share $4.22

Dividends Per Share $1.80

Dividends $145,001

Cash Flow for Growth Capex $194,623

Leverage on Growth Capex 75.0%

Asset Growth Potential at Constant Leverage ($) $778,493

Asset Growth Potential at Constant Leverage (%) 8.9%

20

0

100

200

300

400

500

Oct-05 Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Oct-12 Oct-13 Oct-14 Oct-15 Oct-16 Oct-17

STABLE CASH FLOW GENERATION UNDERPINS LONG-TERM VALUE

$-

$200

$400

$600

$800

$1,000

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17

Q4

17

An

nu

aliz

ed

($M

M)

Adjusted EBITDA – Interest Expense

Total Shareholder Return since IPO

Adjusted EBITDA less Interest Expense

+270%

Note: Reflects purchase accounting for 2017 only.

21

STRONG, STABLE CASH FLOW AND SHORT ORDER CYCLE PROVIDES CAPITAL ALLOCATION FLEXIBILITY

88%

90%

92%

94%

96%

98%

100%

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

Q4

'08

Q4'

09

Q4

'10

Q4

'11

Q4

'12

Q4

'13

Q4

'14

Q4

'15

Q4

'16

Q4

'17

Uti

lizat

ion

Cap

Ex (

$M

M)

CapEx Utilization

CapEx and Utilization (Q4’08 – Q4’17) (1) Net Debt as % of REA (Q4’08 – Q4’17) (2)

(1) CapEx from Cash Flow Statements.(2) All periods exclude purchase accounting adjustments.

50%

60%

70%

80%

90%

100%

Q4

'08

Q4

'09

Q4

'10

Q4'

11

Q4

'12

Q4

'13

Q4

'14

Q4

'15

Q4

'16

Q4

'17

Net

De

bt

as %

of

REA

Net Debt % of REA

Surplus Period

FinancialCrisis

22

WELL STRUCTURED BALANCE SHEET

Fixed/Floating Mix (1) Staggered Maturity Profile (1)

Match-fund long-term lease portfolio with long-term fixed rate debt

» 86% of total debt either fixed rate or swapped to fixed, minimizing interest rate risk

» Average remaining duration of fixed rate debt of 4.0 years (includes swaps), which exceeds average lease duration

» 100bps increase in LIBOR would increase annual interest expense by $12.8 million

Manage refinancings

» Staggered debt maturities avoids any significant maturity cliffs

Financing Strategy

(1) As of 12/31/17, $ in millions.(2) Balances gross of debt discounts at issuance.(3) Weighted by expected swap notional and principal balances at the end of each month.(4) Rate excludes the impact of debt discount amortization, deferred financing cost amortization and purchase accounting adjustments.

Fixed /Hedged Balance(2) Average Life (yrs)(3) Average Rate(4)

Fixed Rate $4,284 4.3 4.28%

Hedged Floating Rate $1,741 3.3 3.71%

Total Fixed / Hedged $6,025 4.0 4.11%

Unhedged Floating Rate $962 3.53%

Total Debt $6,986 4.03%

% of Debt Fixed / Hedged 86.2%

We have raised total new financing of over $3.5 billion in 2017 to support our aggressive investment

» Have accessed multiple financing sources, including the bank, asset-backed and private placement markets

Financing Sources

($ in MM)Outstanding

(at 12/31/17)

ABS notes $2,385

Institutional notes 2,381

Term loan facilities 1,702

Revolving credit / ABS Warehouse facilities 415

Capital lease obligations 103

Total principal outstanding $6,986

23

CONCLUSIONS

» Long track record of strong performance and attractive shareholder returns

» Position significantly strengthened with 2016 merger

Triton is the clear leader in an attractive market niche

Triton is taking full advantage

of current favorable

market conditions

Triton is well-positioned for

long-term success

» Financial performance and key operating metrics up sharply

» Building a long tail of enhanced earnings and cash flow through our high investment share

» Industry fundamentals support above-GDP growth and strong investment returns

» Strong, stable cash flow underpins value and protects financials during down cycles

» Current market conditions favorable

» Triton has significant scale, cost and capability advantages

Appendix

25

CONTAINER LEASING OVERVIEW

Pick-up and drop-off flexibility helps shipping lines manage cargo volatility, reduce “safety inventory” and improve container efficiency

Provides alternative way to finance container investment

Allows shipping lines to outsource production quality control and disposal efforts

Container Attributes

Leases

Container Ownership (1)

42%51%

58%49%

2010 2016

Shipping Lines and OtherContainer Lessors

Why Shipping Lines Lease

Total Worldwide Container Fleet:37.9 million TEU in 2016

Strong Market Fundamentals

(1) Source: Drewry Container Census & Lease Industry Annual Report 2017, based on fleet size in TEU.

Excellent leasing asset

Low risk of technology obsolescence

» Maintains utility through full useful life

Naturally resilient through the cycle

» Short-ordering cycle, long-term leases

Favorable sales dynamics

» Reliable access to large stocks of containers most critical buying factor

High barriers to entry

» High requisite minimum efficient operating scale

Primarily long-term operating leases, typically with an initial duration of 3 to 8 years

Also provide short-term operating leases and finance leases

Redelivery parameters lead to additional on-hire time after lease expiration

Standard sizes that allow for intermodal transport by ship, rail and truck

Long-lived assets, lasting 13 to 15 years or more in the marine environment

» Sold for storage or one-way shipments

26

CONSOLIDATED STATEMENTS OF ADJUSTED NET INCOME

27

CONSOLIDATED BALANCE SHEET STILL IMPACTED BY PURCHASE ACCOUNTING

As of 12/31/17

28

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION

(1) The combined financial information from Q2 2016 and prior periods does not reflect results on a GAAP basis. GAAP financial statements reflect only the TCIL operations prior to the merger on July 12, 2016, and can be found in the Company’s 10-Q and 10-K filings.

29

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION