Triton International (TRTN) Investor presentation summary

Market and operational performance

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

• Global trade volumes rose 3.5% in 2025, with China exports up 6.6% despite tariff volatility.

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

• Issued $175 million in preferred shares and $600 million in 7-year bonds in 1Q26.

• Extended $2 billion revolver and $1.6 billion term loan at reduced pricing in 2025.

Key operating metrics

• Maintained high fleet utilization and robust market for container disposals through cycles.

• New dry container prices and disposal prices tracked, with indexed trends shown through 2025.

• Continued management of TCF VIII securitization containers post-distribution.

Financial highlights

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

• Leasing revenue for 2025 was $1.35 billion, down 11.9% from 2024.

• Adjusted net income for 2025 was $449.6 million, an 18.3% decrease from 2024.

• Net debt/revenue earning assets ratio targeted at ~75%.