Triton Outlook and Market Fundamentals
$MM
Sustainable Profitability
STRONG LEASING MARGIN EXPANSION
SUSTAINED BY EXTENDED LEASE DURATIONS (1)(2)
100
$800
45%
90
80
40%
70
$700
60
35%
$600
Months
50
40
30
20
30%
Average Remaining Lease Duration (based on NBV)
Including Expected Build-Down Period
10
$500
25%
$400
Dec-17
Dec-18
Dec-19
Dec-20
Dec-21
Dec-22
CEU
NBV
% of Units on Long-Term and Finance Leases as of 12/31/22
81%
88%
20%
AND LOW COST FIXED RATE DEBT STRUCTURE
$300
15%
$200
$100
10%
5%
$0
0%
2017 2018 2019
Leasing Margin
TRITON
2020 2021 2022
-Leasing Margin %
Average Effective Interest Rate
5.0%
6
4.5%
5
4.0%
3.5%
4
3.0%
2.5%
3
88% of total debt is
2.0%
fixed or hedged as
2
1.5%
of 12/31/22
1.0%
1
0.5%
0.0%
0
2017
2018
2019
2020
2021
2022
Avg. Eff. Interest Rate
(1) Includes long term and finance leases only.
Wtd. Avg. Term
(2) Build down refers to average time to return containers after lease expiration.
Years
23
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