2010 Half-Year Revenues
AGENDA ■□□□□ Company Presentation ■■□□□ Revenues and Financing ■■■□□ Strategy and Outlook ■■■■□ TOUAX and the Stock Market ■■■■■ Questions & Answers 2010 Revenues 2
The TOUAX Group Our business Leasing… ► ● Provide flexible solutions offering investment alternatives, short-, medium- and long-term, ● Meet the needs of our 5,000 customers by offering associated services …of standardized long-life equipment ► ● Assets with similar and complementary properties (mobility and flexibility, profitability, long life span, minimal risk of obsolescence, high residual value) Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 3
TOUAX: a solid economic model Standardized Long-life assets equipment Operations across Management of spanning 5 both proprietary & continents investor-owned assets Key advantages Diversified A recent fleet markets Multi-year Recurrent revenues contracts Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 4 4
TOUAX: a key player prepared for a worldwide economic recovery TOUAX provides operational flexibility ► ● Companies having postponed their investment plans for two years will increasingly turn to leasing TOUAX provides financial flexibility ► • The financial crisis has reduced our customers' financing capacity, so they are turning more to leasing in order to meet their new requirements A significant turnaround expected Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 5
4 international divisions Leading positions in Europe Shipping Containers Modular Buildings River Barges Railcars (45% of revenue) (29% of revenue) (7% of revenue) (19% of revenue) No. 1 lessor in No. 2 lessor in Europe No. 1 lessor in No. 2 lessor in Europe Europe Europe (intermodal railcars) 45,000 Modular Buildings 198 barges 7,500 railcars 9% market share in 490,000 c ontainers Europe (source Touax) 25% market share in (TEU Size) By geographic area Europe (source Touax) 6.5% market share in 4.8% market share By geographic area Spain USA Europe Czech Rep / Slovakia worldwide Seine / Rhone Benelux Mississippi Parana / Paraguay Poland France Rhine Danube Germany Consolidated revenue 1 st half year 2010: 145 M€ Company Presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 6
Shipping containers: No. 1 in Europe Shipping containers: No. 1 in Europe Company Presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 7
Shipping Containers A fleet of 490,000 containers Leasing of standard dry containers (20’ and 40’) ► ● via long-term contracts (76% at 3-7 years on June 30, 2010) ● flexibility for short-term master lease or lease purchase contracts TOUAX's advantages: ► ● A recent, high-quality fleet (average age < 5 years) ● A proactive, recognized sales team working for a GOLD standard brand ● Presence in 40 countries (8 agents, 5 offices, and 200 partner depots) ● Over 120 shipping companies rely on our services, including the top 25 (Maersk Lines, Evergreen, MSC, China Shipping, Hapag- Lloyd, CMA-CGM etc) Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 8
Dry handling Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 9
Shipping Containers Faster growth than the overall market TOUAX container fleet ► Number of containers (TEU Size) 487 272 508 850 TOUAX average 481 819 annual growth: 500 000 438 195 +13.5% 367 050 450 000 400 000 350 000 288 904 Market average 300 000 255 709 annual growth: 215 436 250 000 179 256 161 546 +7.2% 158 038 200 000 128 992 150 000 100 000 50 000 9 0 1 2 3 4 5 6 7 8 9 0 9 0 0 0 0 0 0 0 0 0 0 1 9 0 0 0 0 0 0 0 0 0 0 0 1 2 2 2 2 2 2 2 2 2 2 2 e n u J Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 10
Shipping Containers Proactive fleet management June 2010 Dec 2009 A recent, high-quality fleet (standard dry containers - 20' and 40') average age < 5 years < 5 years Proactive management utilization rate 95,5% 89,9% average leasing period 5.8 years 5.6 years 5 453 -27 031 Number of containers acquired (TEU) Economic lifespan seagoing: 15 year lifespan + land: 20 year lifespan Depreciation 15 years 15% residual value Investments (€m) -9 677 -31 856 Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 11
Shipping Containers 2010 First Half-Year Highlights and Key Figures Highlights of 1st Half-Year of 2010 ► ● 10% rise of freight shipping volumes since the beginning of the year along with a rise in shipping rates ● 7% rise in utilization rate since the beginning of the year, reaching 97.1% as of July 31, 2010 ● Increase of daily leasing rate from $0.54 in December 2009 to $0.62 in June 2010 (an increase of 15%) ● Fleet increase of 5,500 TEUs Key figures ► (in thousands of euros) 06/2010 06/2009 2009 Leasing revenue 43 215 44 478 87 438 Sales revenue 21 619 561 1 630 64 834 45 039 89 068 Total revenue Ebitda before distribution 29 854 27 942 53 276 Ebitda after distribution 4 161 2 368 3 135 Assets managed (gross historic value) 657 423 615 678 578 641 of which Gross proprietary assets 51 090 41 414 42 746 Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 12
Shipping Containers Medium-term outlook SHIPPING CONTAINER Market TOUAX Great potential on the Asian market • Development in Asia is ► ● Inter-Asian shipping expected to greatly increase ● Restart of Chinese production (between 1.8 and 2.2 MTEUs in 2010 compared to 0.25MTEUs in 2009) • Chinese GNP (8.5% increase forecasted for Increased leasing (shipping companies having difficulty ► 2010 and 2011) accessing financing) • Asian companies account Opportunities to be had (leasing new shipping ► for more than 43.40% of containers, sale and leaseback plans, return to leasing revenue managed inventory ) • Investment and syndication Global trade recovery: trade increase forecasted for ► are increasing after being 2010 and 2011 (+11%) after the 2009 downturn (-9%). weak in 2009 � 2006 2007 2008 2009 2010* 2011* Objective 3-5 years: Container traffic 11% 11% 4% -9% 11% 11% • achieve a fleet > 800,000 Container ships 14% 12% 11% 5% 8% 6% TEUs (7% worldwide market Container fleet 9% 12% 7% -3% 3% 7% share vs. 4.8%) Source: Clarkson Research - July 2010 & Containerisation Intl 2009 * Forecast Company Presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 13
Modular buildings: No. 2 in Europe Company Presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 14
Modular Buildings Modern, economical solutions "Lego" bricks for construction: up to 50% less expensive than ► traditional construction Fast installation and modular design for increased flexibility ► Growing fields of application and services, both temporary and ► permanent (sales and leasing) => TOUAX's product (industrial and modular construction) is inexpensive, modern, comfortable, flexible, energy efficient, and environmentally friendly "TOUAX does away with prefabricated notions!" Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 15
ROLAND GARROS Site of the French Open Production facilities for 10 international TV stations ► ● Roland Garros: Over 3,000 sq. meters installed in 4 weeks Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 16
Philharmonic Orchestra Spain Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 17
ENBW HEADQUARTERS GERMANY (4,250 sq. meters) Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 18
Container Art Poland Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 19
TOUAX PRODUCTION CENTER IN FRANCE ► ► Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 20
Modular Buildings Over 45,000 units leased 2nd leading player in Europe with 9% market share ► Extensive presence in both Europe (9 countries including ► Eastern Europe) and the United States (Florida, Georgia) 2 assembly centers (France & Czech Republic) including an ► R&D center for developing competitive, innovative products Diversified customer base with about 5,000 clients: ► ● Industrial firms (Alstom, Urbaser, EADS, Total, Siemens, RWE, etc.) ● Local/national authorities (Regional Councils, City Halls, etc.) ● Construction companies (Bouygues, Vinci, Hoechtief, SKANSKA etc.) Company presentation Revenues & Financing Strategy & Outlook Touax and the Stock Market 21
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