INVESTOR PRESENTATION February 2019 1 DISCLAIMER Forward-Looking - PowerPoint PPT Presentation

INVESTOR PRESENTATION February 2019 1

DISCLAIMER Forward-Looking Statements Certain statements in this presentation, other than purely historical information, 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,” "intend," “predict,” "plan," "believe," "pro ject," "anticipate," "will," "may," "would," “think,” “seek,” “potential” and similar statements of a future or forward -looking nature may be used to identify forward- looking statements. 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: 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 their 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; 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 on businesses imposed by the terms of our debt agreements; changes in the tax laws in the United States and other countries; and other risks and uncertainties, including those listed under the caption “Risk Factors” in the prospectus supplement dated November 14, 2018 and in our Annual Report o n Form 10-K for the year ended December 31, 2017 and our Quarterly Reports on Form 10-Q for the quarter ended September 30, 2018, or other comments we 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. 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 business 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 not U.S. generally accepted accounting (“GAAP”) measures. Please refer to the Appendix hereto for a reconciliation of such non-GAAP measures to their most comparable GAAP measures. Triton has filed a shelf registration statement (including a prospectus) with the SEC for the offering to which this presentation relates. Before you invest in any securities of Triton, you should read the prospectus in that registration statement and any other documents Triton has filed with the SEC for more complete information about Triton and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. 2

OVERVIEW  Triton International (“Triton”) is the largest intermodal container leasing company in the world » Created in July 2016 through the merger of two long-term industry leaders, Triton Container International Limited and TAL International Group, Inc. » Own over 6 million twenty- foot equivalent units (“TEU”) of containers, and have total assets in excess of $10 billion as of 12/31/18 » NYSE-listed with a market capitalization of $2.7 billion as of February 19 and a corporate family rating from S&P of BB+ with a positive outlook  Triton has significant advantages » Scale, capability and cost leadership » Deep customer relationships » Well-structured long-term lease portfolio  Triton has a long track record of strong financial performance » Market leading returns » Stable cash flow generation supporting dividends and asset growth 3

CORPORATE SNAPSHOT Leading Position in Consolidating Industry Strong Financial Performance 20.0% $120 Other 9% Adjusted Net Income ($ in MM) SeaCube 17.5% Triton $100 6% 27% 15.0% CAI $80 6% 12.5% ROE 10.0% $60 Beacon 6% 7.5% $40 5.0% Seaco $20 12% 2.5% Florens 18% 0.0% $0 Q1 '18 Q2 '18 Q3 '18 Q4 '18 Textainer 16% Adjusted Net Income ROE Source: Drewry Container Census & Lease Industry Annual Report 2018/19, based on fleet size in TEU at end-2017; figures exclude containers owned by shipping lines and other. Long-Term Value Creation (1) Steady Fleet Growth 8 $60 CAGR: 8.2% 7 $50 6 $40 CEU (Millions) $ Per Share 5 4 $30 3 $20 2 $10 1 0 $- 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 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 4 plus Net Swap Liability, before purchase accounting adjustments.

TRITON CONTAINER FLEET AND LEASE PORTFOLIO Lease Portfolio (NBV) % of Revenue Triton 100% Position (1) Container Fleet Q4 2018 9.9% 13.0% 90% 12.2% 8.3% 80% 70% Drys 67% #1 60% 50% 72.8% 75.3% 40% 30% Refrigerated 26% #1 20% 10% 5.1% 3.4% 0% Dec-17 Dec-18 Service Leases Core Specials 4% #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 12/31/18 (1) Source: Drewry Container Census & Lease Industry Annual Report 2018/19, IICL and ITCO. 5

OPERATING PERFORMANCE  Triton’s operating performance was strong in 2018 » Container demand supported by solid trade growth and increased reliance on leasing » Utilization averaged 98.6% » Average used dry container sale prices increased 21%  We achieved another successful year of value-added investment and growth » Purchased $1.5 billion of containers for delivery in 2018, leading to 8.8% growth in revenue earning assets » Average initial lease duration for new containers approximately 7 years  Leasing activity slowed in Q4, though our utilization still very high » Experiencing net drop-offs as shipping lines seek to reduce container capacity during slow season » New container prices have dropped to low $1,700 range reflecting a decrease in steel prices and aggressive manufacturer competition for limited number of slow-season orders » Lease portfolio provides strong protection against seasonal and cyclically slow periods, and utilization remains well over 97%  Expecting market conditions to remain generally favorable in 2019 » Most customers and market forecasters expecting trade growth to remain solid » We expect our customers to continue to rely heavily on leasing » Supply of used leasing containers remains very low even in middle of slow season 6

CONTAINERIZED TRADE GROWTH PROJECTED TO REMAIN SOLID Global GDP and Trade Growth Vessel Capacity by Trade Lane 8% Unassigned and Idle ANZ/Oceania 5% 4% Far East‐Eur Eur‐N. Am 6% 20% 4% Intra‐Europe 4% Growth Rate Sub‐Saharan 4% Africa 8% Far East‐N. Am 17% Intra‐Far East 13% 2% Middle East/India Latin America 12% 13% 0% 2012 2013 2014 2015 2016 2017 2018 2019E  U.S.-China trade actions could impact subset of Container Trade Growth Global GDP Growth Transpacific trade  Some portion of reduced U.S.-China bilateral trade Sources: Container Trade Growth 2014-2016: Alphaliner Monthly Monitor – January 2019. would be re-routed, rather than eliminated Container Trade Growth 2017-2019E: average of estimates from Alphaliner Monthly Monitor – January 2019 and Clarksons Container Intelligence Monthly – December 2018. GDP Growth: International Monetary Fund, January 2019 World Economic Outlook Update. Source: Alphaliner Monthly Monitor – January 2019. 7

CONVERSION TO LEASING GENERATES INCREMENTAL DEMAND World Container Fleet and Leasing Share 50 60% 50% 40 40% Leasing Company (%) 30 TEU (MM) 30% 20 20% 10 10% 0 0% Leasing Company Owned Shipping Line Owned Leasing (%) Source: Drewry Container Census & Lease Industry Annual Report 2018/19 and Triton management estimates. 8