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Triton International (TRTN) investor relations material

Triton International Investor Presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Investor Presentation summary27 May, 2025

Market and operational overview

  • Macro conditions remain uncertain, but performance stayed strong in Q1 2025.

  • Leasing activity slowed as customers paused fleet additions.

  • Fleet utilization averaged 99% for Q1, with drop-off volumes well controlled.

  • Disposal volumes and prices held up well despite market conditions.

  • Acquisition of Global Container International announced, adding ~500k TEU and ~$1bn in assets.

Financial performance

  • Q1 2025 leasing revenue was $383M, up 3.2% year-over-year but down 2.6% sequentially.

  • Adjusted net income attributable to common shareholders for Q1 2025 was $131M, a 9.7% increase year-over-year.

  • Cash flow before capex (excluding certain items) for Q1 2025 was $364M.

  • Net debt to revenue earning assets ratio remained stable, reflecting strong leverage management.

  • Non-GAAP measures are used to provide a clearer view of operating performance.

Lease portfolio and utilization

  • 86% of the lease portfolio is underpinned by long-term contracts.

  • Average remaining lease term exceeds 6.5 years, supporting revenue stability.

  • Over 60% of the portfolio is on lifecycle leases, ensuring containers reach sale age at lease expiration.

  • Utilization rates have remained high, averaging around 99% in Q1 2025.

  • Historical lease structuring and pricing strategies are aligned with recent acquisitions.

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Frequently asked questions

Triton International Limited, through its subsidiaries, engages in the acquisition, leasing, re-leasing and sale of various types of intermodal containers and chassis to shipping lines, freight forwarding companies and manufacturers. It operates through three segments: Container Leasing; Container Trading; Ship Recycling; Container Management Services; Container Related Equipment Sales & Management and Other Related Activities. The company also provides container-management services to owners of containers. The company was founded in 1980 and is based in Hamilton, Bermuda.

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