Strong Position in Growing Market slide image

Strong Position in Growing Market

RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION T TRITON (In thousands, except earnings per share) Net income attributable to common shareholders Add (subtract): Debt termination expense & unrealized (gain) loss on derivative instruments, net State and other income tax adjustments Q2'20 Q3'20 $ 60,075 $ 45,946 $ Q4'20 115,185 $ 2020 Total Q1'21 Q2'21 288,417 $ 129,325 $ 54,704 12 21,140 358 21,804 89,485 (85) 2,341 (866) 1,390 Tax adjustments related to intra-entity asset transfer 8,629 8,629 Tax benefit from vesting of restricted shares (390) (643) Adjusted net income attributable to common shareholders $ 60,002 $ 78,056 $ 114,677 $ 319,850 $ 128,682 $ 144,189 Adjusted net income per common share - Diluted $ 0.86 $ 1.14 $ 1.70 $ 4.61 $ 1.91 $ 2.14 Q2'20 Q3'20 Q4'20 2020 Total Q1'21 Q2 '21 Adjusted net income (1) Annualized adjusted net income Beginning Shareholders' equity Ending Shareholders' equity Average common shareholders' equity (2) Return on equity $ 60,002 $ 78,056 $ 114,677 $ 319,850 $ 128,682 $ 144,189 240,667 309,679 454,969 319,850 521,877 578,340 1,995,250 1,953,950 1,963,889 1,953,950 1,963,889 2,010,948 2,127,237 2,010,948 2,010,948 2,169,318 $ 1,974,600 $ 1,958,920 $ 1,987,419 $ 2,010,255 2,169,318 2,172,077 $ 2,090,133 $ 2,170,698 12.2% 15.8% 22.9% 15.9% 25.0% 26.6% (1) Annualized Adjusted net income was calculated based on calendar days per quarter. (2) Average Shareholders' equity was calculated using the quarter's beginning and ending Shareholder's equity for the three-month ended periods. Average Shareholders' equity for the full year was calculated using the ending Shareholder's equity for each quarter and the previous year-end. Average shareholders' equity excludes preferred shares. + 20 20
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