INVESTOR PRESENTATION September 15, 2020 1 DISCLAIMER - PowerPoint PPT Presentation

INVESTOR PRESENTATION September 15, 2020 1

DISCLAIMER Forward-Looking Statements Certain statements in this presentation, other than statements of historical facts, including statements regarding our strategy, future operations, future financial position, future revenues, future costs, prospects, plans and objectives of management are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words ”expect,” “estimate,” “anticipate,” “predict,” "believe," “think,” “plan,” “will,” “should,” “intend,” “seek,” “potential” and similar expressions and variations are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond our control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements. These factors include, without limitation, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; customers' decisions to buy rather than lease containers; dependence on a limited number of customers for a substantial portion of our revenues; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international nature of Triton’s businesses; decreases in the demand for international trade; disruption to our operations resulting from political and economic policies of the United States and other countries, particularly China, including but not limited to the impact of trade wars and tariffs; disruption to our operations from failure of or attacks on our information technology systems; disruption to our operations as a result of natural disasters, compliance with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and corruption; ability to obtain sufficient capital to support growth; restrictions imposed by the terms of our debt agreements; changes in the tax laws in Bermuda, the United States and other countries; and other risks and uncertainties, including those listed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 (the “Form 10-K”) or other reports we file with the United States Securities and Exchange Commission. The foregoing list of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere, including the risk factors in our Form 10-K. Any forward-looking statements made herein are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, us or our businesses or operations. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Certain financial measures presented in this presentation are identified as not being prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Please refer to the Appendix hereto for a reconciliation of such non-GAAP measures to their most comparable GAAP measures. 2

OVERVIEW  Triton International (“Triton”) is the largest intermodal container leasing company in the world » Own over 6 million twenty-foot equivalent units (“TEU”) of containers; total assets over $9.6 billion » S&P rating of BB+ for corporate family, BBB- for secured debt, A for ABS notes  Triton has significant competitive advantages and a long track record of strong financial performance » Scale, capability and cost leadership » Well-structured long-term lease portfolio » Average return on equity 18% over the last 10 years » Over $1.1 billion of cash flow before capex supports dividends, stock buybacks and asset growth  Triton’s performance held up well in 2019 and 1H 2020 despite trade war and COVID-19 lockdowns  We have seen a strong inflection in our performance in the third quarter » Major China ports reporting record throughput in July and August after being well down in Q1 and Q2 » We have booked a large portion of our available dry containers and our utilization has improved to 97.1% » Rebound in trade activity and high freight rates also producing better customer financial performance  Recent debt issuances will provide an additional tailwind » Priced $2.3 billion of ABS over last month, with most proceeds to be used to call more expensive debt » Expect over $25 million in annual interest savings, starting when deals close in mid-September 3

#1 POSITION IN KEY PRODUCT LINES AND STRONG LEASE PORTFOLIO Lease Portfolio (NBV) % of Revenue Triton 100% 6.6% Position (1) Container Fleet Q2 2020 9.8% 90% 12.7% 13.8% 80% 70% Drys 67% #1 60% 50% 76.9% 40% 71.3% 30% Refrigerated 25% #1 20% 10% 5.1% 3.8% 0% Jun-19 Jun-20 Service Leases Core Specials 5% #1 Long-Term Expired Lease (Units On-Hire) Long-Term Lease Finance Lease Chassis and 3% Top 5 Specialty Products Large Majority of Containers On Long-Term and Finance Leases with Average Remaining Duration of 47 Months as of 6/30/20 (1) Source: Drewry Container Census & Lease Industry Annual Report 2018/19, IICL and ITCO. 4

CORPORATE SNAPSHOT Leading Position in Consolidating Industry Multiple Drivers of Organic Growth Market Other 10% Share 9% Gains SeaCube Triton 5% Industry Drivers 28% Product Line Beacon 7% Extensions Sale- CAI Leasebacks Shift from 7% Ownership To Leasing Seaco 11% Florens Global 17% Trade Growth Textainer 16% Source: Drewry Container Census & Lease Industry Annual Report 2019/20, based on fleet size in TEU at Triton Upside Opportunities end-2018; figures exclude containers owned by shipping lines and other. Long-Term Value Creation (1) Triton’s Steady Fleet Growth 8 $70 CAGR: 8.0% Triton Container Fleet, CEU in MM 7 $60 6 $50 $ Per Share 5 $40 Adj. 4 TBV: $30 $37.12 3 $20 2 GAAP BVPS: $10 $28.33 1 0 $- Q2 '06 Q2 '07 Q2 '08 Q2 '09 Q2 '10 Q2 '11 Q2 '12 Q2 '13 Q2 '14 Q2 '15 Q2 '16 Q2 '17 Q2 '18 Q2 '19 Q2 '20 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Book Value Per Share Adjusted Tangible Book Value Cumulative Dividends Per Share (1) Adjusted tangible book value defined as Shareholders Equity, less Goodwill plus Net Deferred Tax Liability plus 5 Net Swap Liability, before purchase accounting adjustments. For periods prior to Q3 2016, reflects TAL only.

CURRENT MARKET OVERVIEW  The market and our performance inflected in the third quarter » Trade volumes rebounded strongly as lockdowns in the U.S. and Europe eased » Triton has used our extensive supply capability to secure sizable bookings » Pick-ups have accelerated in Q3 and utilization has rebounded quickly to 97.1% as of Sept. 14 » Have now ordered $725 million of containers for delivery in 2020; Q4 order volumes constrained by container manufacturing capacity » New container prices in range of $2,200 for delivery in Q1  Customer financial performance better than expected and payment performance strong » Shipping lines reduced vessel capacity in first half of 2020 in response to decreased trade volumes, and major shipping lines boosted profitability from first half of last year » Shipping line performance expected to be very strong in second half of 2020 due to rebound in trade volumes, high freight rates and low fuel costs » Shipping industry managing COVID-19 pandemic much better than previous down-cycles, perhaps reflecting improved industry structure  Our solid performance through the trade wars and COVID-19 lockdowns and rapid upward inflection in Q3 highlight the resilience of our business model » High quality long-term lease portfolio limits off-hires and exposure to weak markets » Cost and capability advantages drive outperformance vs. peers, protecting ROE through down cycle » Short order cycle for containers allows global fleet to rebalance quickly 6