Triton International (TRTN) Investor presentation summary

Market and operational performance

• Achieved strong financial and fleet performance in 2025, with utilization above 97% and high lease renewals.

• Increased share of containers on lifecycle lease, reducing market exposure.

• Global trade volumes expected to rise 3.5% in 2025, with China exports up 8% despite lower China-U.S. volume.

• Tariff and port fee volatility requires more containers for longer cycle times.

• Issued $150M Series F and $175M Series G preferred shares, and extended major credit facilities at reduced pricing.

Key operating metrics

• Fleet utilization consistently above 97%, supported by strong demand for dry containers.

• Robust market for container disposals, with indexed prices for 20' and 40' containers tracked.

• Triton continues to manage TCF VIII securitization containers after equity interest distribution.

Financial highlights

• Maintained strong cash flow and profitability through cycles, including during COVID.

• Leasing revenue and adjusted net income remained robust, with $1.68B leasing revenue and $703M adjusted net income (LTM 3Q25).

• Net debt/revenue earning assets ratio stable, reflecting prudent leverage management.