Triton Outlook and Market Fundamentals
$10
$-
2006
2007
$ Per Share
CEU (MM)
18765432-
2006
2007
2008
2009
2010
2011
2012
$90
$80
NET BOOK VALUE & DIVIDENDS (4)
■Cumulative Dividends Per Share
Adjusted Tangible Book Value Per Share
$70
■Book Value Per Share
$60
$50
$40
$30
$20
2008
2009
2010
2011
2012
2013
2014
2015
(4) Adjusted tangible book value is a Non-GAAP financial measure. See Non-GAAP Financial
Information in the Appendix. The chart reflects TAL standalone for Q2 2016 and prior periods.
+ TRITON
2016
2017
2018
2019
2020
2021
2022
Adj.
TBV:
$48.83
GAAP
BVPS:
$43.50
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Indexed Return Since IPO
(5) Source: Bloomberg, as of 02/24/23.
0
800
600
400
200
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
Oct-18
14
9
Long Track Record of Value Creation
FLEET GROWTH
CASH FLOW BEFORE CAPEX (1)(2)(3)
$MM
$1,750
$1,500
$1,250
$1,000
$750
$500
$250
60
$0
2006
2007
2008
2009
2010
2011
2012
(1) See Non-GAAP Financial Information in the Appendix.
(2) Reflects purchase accounting adjustments for 2017-2022.
(3) 2022 excludes $109MM of non-recurring cash flows.
TOTAL SHAREHOLDER RETURN (5)
1,200
1,000
TRTN (988% Total Return; 14.7% Annualized)
S&P 500 (375% Total Return; 9.4% Annualized)
Oct-19
Oct-20
Oct-21
Oct-22
Feb-23
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022View entire presentation