NYSE : GBX Ma y 2018 Investor Contact: Investor.Relations@gbrx.com - PowerPoint PPT Presentation

NYSE : GBX Ma y 2018 Investor Contact: Investor.Relations@gbrx.com Website: www.gbrx.com

Sa fe Ha rb o r Sta te me nt UNDE R T HE PRIVAT E SE CURI T I E S L IT I GAT I ON RE F ORM ACT OF 1995: T his pre se nta tio n ma y c o nta in fo rwa rd-lo o king sta te me nts, inc luding a ny sta te me nts tha t a re no t pure ly sta te me nts o f histo ric a l fa c t. Gre e nb rie r use s wo rds suc h a s “a ntic ipate s,” “b e lie ve s,” “fo re c a st,” “po te ntia l,” “g o a l,” “c o nte mplate s,” “e xpe c ts,” “inte nds,” “pla ns,” “pro je c ts,” “ho pe s,” “se e ks,” “e stima te s,” “stra te g y,” “c o uld,” “wo uld,” “sho uld,” “like ly,” “will,” “ma y,” “c a n,” “de sig ne d to ,” “future ,” “fo re se e a b le future ” a nd simila r e xpre ssio ns to ide ntify fo rwa rd-lo o king sta te me nts. T he se fo rward-lo o king sta te me nts a re no t g ua ra nte e s o f future pe rfo rmanc e a nd a re sub je c t to c e rta in risks a nd unc e rta intie s tha t c o uld c a use a c tua l re sults to diffe r ma te ria lly fro m the re sults c o nte mplate d b y the fo rwa rd-lo o king sta te me nts. F a c to rs tha t mig ht c a use suc h a diffe re nc e inc lude , b ut a re no t limite d to , re po rte d b a c klo g a nd a wa rds tha t a re no t indic a tive o f Gre e nb rie r’ s fina nc ial re sults; unc e rta inty o r c ha ng e s in the c re dit ma rke ts a nd fina nc ial se rvic e s industry; hig h le ve ls o f inde b te dne ss a nd c o mplia nc e with the te rms o f Gre e nb rie r’ s inde b te dne ss; write -do wns o f g o o dwill, inta ng ib le s a nd o the r a sse ts in future pe rio ds; suffic ie nt a va ila bility o f b o rro wing c a pa c ity; fluc tua tio ns in de ma nd fo r ne wly ma nufa c ture d ra ilc ars o r fa ilure to o b ta in o rde rs a s a ntic ipate d in de ve lo ping fo re c a sts; lo ss o f o ne o r mo re sig nific a nt c usto me rs; c usto me r pa yme nt de fa ults o r re la te d issue s; po lic ie s a nd prio ritie s o f the fe de ra l g o ve rnme nt re g a rding inte rna tio nal tra de , ta xa tio n a nd infra struc ture ; so ve re ig n risk to c o ntra c ts, e xc ha ng e ra te s o r pro pe rty rig hts; a c tua l future c o sts a nd the a va ilab ility o f ma te ria ls a nd a tra ine d wo rkfo rc e ; fa ilure to de sig n o r ma nufac ture ne w pro duc ts o r te c hno lo g ie s o r to a c hie ve c e rtific a tio n o r ma rke t a c c e pta nc e o f ne w pro duc ts o r te c hno lo g ie s; ste e l o r spe c ia lty c o mpo ne nt pric e fluc tua tio ns a nd a va ilability a nd sc ra p surc ha rg e s; c ha ng e s in pro duc t mix a nd the mix b e twe e n se g me nts; la b o r dispute s, e ne rg y sho rta g e s o r o pe ra ting diffic ultie s tha t mig ht disrupt ma nufa c turing o pe ra tio ns o r the flo w o f c a rg o ; pro duc tio n diffic ultie s a nd pro duc t de live ry de la ys a s a re sult o f, a mo ng o the r ma tte rs, c o sts o r ine ffic ie nc ie s a sso c ia te d with e xpa nsio n, sta rt-up, o r c ha ng ing o f pro duc tio n line s o r c ha ng e s in pro duc tio n ra te s, c ha ng ing te c hno lo g ie s, tra nsfe r o f pro duc tio n b e twe e n fa c ilitie s o r no n-pe rfo rma nc e o f a llianc e pa rtne rs, sub c o ntra c to rs o r supplie rs; a b ility to o b ta in suita b le c o ntra c ts fo r the sa le o f le a se d e q uipme nt a nd risks re la te d to c a r hire a nd re sidua l va lue s; inte g ra tio n o f c urre nt o r future a c q uisitio ns a nd e sta b lishme nt o f jo int ve nture s; suc c e ssio n pla nning ; disc o ve ry o f de fe c ts in ra ilc a rs o r se rvic e s re sulting in inc re a se d wa rra nty c o sts o r litig a tio n; physic a l da ma g e o r pro duc t o r se rvic e lia b ility c la ims tha t e xc e e d Gre e nb rie r’ s insura nc e c o ve ra g e ; tra in de ra ilme nts o r o the r a c c ide nts o r c la ims tha t c o uld sub je c t Gre e nb rie r to le g a l c la ims; a c tio ns o r ina c tio ns b y va rio us re g ula to ry a g e nc ie s inc luding po te ntia l e nviro nme ntal re me dia tio n o b lig a tio ns o r c ha ng ing ta nk c a r o r o the r ra ilc a r o r ra ilro a d re g ula tio n; a nd issue s a rising fro m inve stig a tio ns o f whistle blo we r c o mplaints; a ll a s ma y b e disc usse d in mo re de ta il unde r the he a ding s “Risk F a c to rs” a nd “F o rwa rd L o o king Sta te me nts” in Gre e nb rie r’ s Annua l Re po rt o n F o rm 10-K fo r the fisc a l ye a r e nde d Aug ust 31, 2017, Gre e nb rie r’ s Qua rte rly Re po rt o n F o rm 10-Q fo r the fisc a l q ua rte r e nde d F e b rua ry 28, 2018, a nd Gre e nb rie r’ s o the r re po rts o n file with the Se c uritie s a nd E xc ha ng e Co mmissio n. Re a de rs a re c a utio ne d no t to pla c e undue re lia nc e o n the se fo rwa rd-lo o king sta te me nts, whic h re fle c t ma nag e me nt’ s o pinio ns o nly a s o f the da te he re o f. E xc e pt a s o the rwise re q uire d b y la w, Gre e nb rie r do e s no t a ssume a ny o b lig a tio n to upda te a ny fo rwa rd-lo o king sta te me nts. 1

I nte g ra te d Busine ss Mo de l Gre e nb rie r’ s inte g ra te d b usine ss mo de l de live rs supe rio r va lue to c usto me rs b y c re a ting c usto mize d fre ig ht c a r so lutio ns o ve r the e ntire life o f a ra ilc a r. Our dive rsifie d po rtfo lio o f q ua lity pro duc ts a nd se rvic e s e nha nc e s o ur fina nc ia l pe rfo rma nc e Manufacturing a c ro ss the b usine ss c yc le . Wheels, Repair and Parts Leasing and Services 2

L e a ding I nte g ra te d T ra nspo rta tio n E q uipme nt & Se rvic e Pro vide r T hr e e busine ss units wo r king to ge the r Manufac turing (1) Afte rmarke ts (1) e asing & Se rvic e s (1) L  L e a d ing ma nufa c ture r o f  F le e t Info rma tio n  Whe e ls & Par ts – nine whe e l ra ilc a rs in No rth Ame ric a a nd • 5,800 lo ng -te rm o wne d units se rvic e lo c a tio ns a nd fo ur ra ilc a r E uro pe pa rt re c o nd itio ning lo c a tio ns • 2,600 sho rt-te rm o wne d units  L e ading do me stic manufac tur e r • 359,000 ma na g e d units  GBW Railc ar vic e s - 50/ 50 JV Se r o f o c e a n-g o ing b a rg e s  F o rma tio n o f jo int ve nture c o mpa ny pro vid e s re pa ir se rvic e s a c ro ss to e xc lusive ly ma na g e MUL ra ilc a rs  Ne w ra ilc a r b a c klo g va lue d a t mo re tha n 30 lo c a tio ns $2.29 b illio n  Ma rine b a c klo g o f ~$9 millio n  Inve stme nts in ra ilc a r Histo ric a l Re ve nue ma nufa c ture r a nd c o mpo ne nt 3,000 supplie r in Bra zil  F o rma tio n o f Gre e nb rie r-Astra 2,500 2,169 Ra il, a pre mie rE uro pe a n fre ig ht ra ilc a r ma nufa c turing , 2,000 e ng ine e ring a nd re pa ir b usine ss $ millio ns 1,500 I PO 1,000 I PO 500 322 (1) Da ta a s o f 2/ 28/ 2018 - 1994 2017 3

I nve stme nt Hig hlig hts  Ma rke t le a de r  Dive rse re ve nue a nd  No rth Ame ric a n Industry Dynamics Unique Strategic Position Strong Financial Profile e a rning s stre a m Drive rs  Pro vide s c usto mize d  Stro ng ra ilc a r so lutio ns • Ra il c yc le d rive n b y c urre nt b usine ss a nd b a c klo g a nd tra c k  T ind ustry tre nd s ra nsfo rma tio na l re c o rd o ve r multiple initia tive s c re a te c yc le s • Bro a d e ning pro d uc t g ro wth pla tfo rm d e ma nd a c ro ss c yc le s  Stro ng fina nc ia l • E nha nc e d L e a sing pe rfo rma nc e • Cha ng ing ta nk c a r mo d e l re g ula to ry e nviro nme nt  Co ntinue d fo c us o n • Pro d uc t & se rvic e  I nte rna tio na l Drive rs d ive rsific a tio n c a sh flo w, inve sting in hig h re turn pro je c ts • E xte nsive No rth • De ve lo ping So uth a nd sha re ho lde r Ame ric a n, GCC a nd Ame ric a n a fte rma rke t re turn E ura sia ma rke ts re pa ir ne two rk  Se a so ne d • Sc a la b le a nd fle xible a c ro ss d ive rsifie d ma na g e me nt te a m pro d uc t mix 4

Stra te g y L e ve ra g e s Co re Skills in I nte rna tio na l Ma rke ts Cor e Nor th Ame r ic an Inte r national Dive r sific ation Mar ke t Co ntinue pro duc t e nha nc e me nts a nd E xpa nd to g lo b a l ma rke ts whe re ne w pro duc t de ve lo pme nt de ma nd fo r ra ilc a rs is g ro wing F o c us o n pro fita b ility, c a sh flo w a nd Pa rtne r c re a tive ly with stro ng lo c a l de ve lo ping huma n c a pita l b usine sse s Pre se rve a nd pro te c t a re a s o f uniq ue E a ste rn E uro pe , Bra zil, E ura sia , Gulf c o mpe te nc ie s in e ng ine e ring , Co o pe ra tio n Co unc il (GCC) ma nufa c turing a nd se rvic e s 5

North Ame ric a n Ma rke t

T ra nspo rta tio n I ndustry Dyna mic s F a vo r Ra il N.A. F r e ight T r affic  Ra il sig nific a ntly mo re fue l 70 e ffic ie nt tha n truc ks  E nviro nme nta l c o nc e rns fa vo r ra il 50 oadings (in Millions)  Hig hwa y c o ng e stio n, drive r sho rta g e , 30 re g ula tio n a nd a g ing L Car hig hwa y infra struc ture c o nstra in truc king 10 Cale ndar Ye ar s So urc e : F T R Asso c ia te s – Ra il E q uipme nt Outlo o k (Ma rc h 2018) 7