Slide 1: Trinity Industries, Inc. May 2011
Trinity Industries, Inc. May 2011
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation contains "forward looking statements" as defined by the Private Securities Litigation Reform Act of 1995 and includes statements as to expectations, beliefs and future financial performance, or assumptions underlying or concerning matters herein. These
Slide 3: Trinity is a Multi-Industry Company
3 Trinity is a Multi-Industry Company
Slide 4: Trinity's Differentiating Strategies and Tactics
4 Trinity's Differentiating Strategies and Tactics Trinity's strategies and tactics are designed to improve our performance in all economic cycles During the last decade, we have enhanced our multi-industry portfolio by: Strategically growing the Leasing business to provide a solid base of earnings
Slide 5: Trinity's Revenues are More Diversified Than in the Past
5 Trinity's Revenues are More Diversified Than in the Past LTM 03/31/11 Total Consolidated Revenue was $2.4 billion FY 2000 Total Consolidated Revenue was $2.7 billion
Slide 6: Trinity Today: Multi-Industry Model
6 Trinity Today Leasing and Management Services Expand relationships with end-users of railcars Introduce new products into the market Provide earnings and cash flow base for Trinity Consistently grow the business Manufacturing Businesses Maintain leadership positions Utilize significant manufacturi
Slide 7: Trinity Has Navigated Through Economic Cycles
7 Trinity Has Navigated Through Economic Cycles Trinity's businesses have gone through multiple economic cycles Our seasoned management knows how to assess the market, proactively plan for cycles and then react to changes in economic conditions We have a performance driven culture that thrives on ma
Slide 8: Trinity is Well Positioned for All Economic Cycles
8 Trinity is Well Positioned for All Economic Cycles Trinity had strong momentum as the positive economic cycle came to an end Trinity had significant backlogs as we entered the economic downturn They have enabled normal operating conditions and the opportunity to proactively plan our production Tri
Slide 9: Trinity's Manufacturing Flexibility is a Differentiator
9 Trinity's Manufacturing Flexibility is a Differentiator Trinity's Manufacturing Flexibility is a Differentiator Trinity's Manufacturing Flexibility is a Differentiator Trinity's Manufacturing Flexibility is a Differentiator Trinity's manufacturing flexibility enhances our opportunistic approach We
Slide 10: Trinity Has an Excellent Competitive Position in Mexico
10 Trinity Has an Excellent Competitive Position in Mexico Trinity Has an Excellent Competitive Position in Mexico More than five decades of in-country operating experience Trinity's significant manufacturing capacity in Mexico continues to grow Provides benefits across multiple product lines Strong
Slide 11: Trinity's Companies Have Continuous Synergistic Connections
11 Trinity's Companies Have Continuous Synergistic Connections Trinity's businesses place a high priority on collaborating with each other to continuously generate synergies that provide competitive benefits: Maximized Plant Efficiencies Internal Sourcing of Components & Sub-Assemblies INTERNALLY GE
Slide 12: Trinity's Railcar Leasing Company Provides Stability
12 Trinity's Railcar Leasing Company Provides Stability Trinity Industries Leasing Company's (TILC) growth over the last decade has established a predictable revenue and earnings base TILC continues to provide strategic benefits to our railcar manufacturing businesses in addition to its strong finan
Slide 13: Trinity's Railcar Lease Fleet has Grown Rapidly
13 Trinity's Railcar Lease Fleet has Grown Rapidly 3/00 3/01 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 03/11 2003 8684 11830 13280 15098 18599 20313 24877 30553 36090 47850 50090 53060 CAGR of 17.9% 8,700 cars 53,060 cars (1) We have built a large fleet of young railcars with long-term l
Slide 14: Railcar Deliveries (1959 - 2015P)
14 Railcar Deliveries (1959 - 2015P) Projections based on Third-Party estimates (1) Sources: Historical data as reported per the Railway Supply Institute. 2011-2015 projections are an average of estimates provided by Global Insight (01/11) and Economic Planning Associates, Inc. (04/11) and are provi
Slide 15: Trinity's Liquidity Position is Strong
15 Trinity's Liquidity Position is Strong As of March 31, 2011: Unrestricted Cash and Short-term Marketable Securities of $377.3 million Corporate Revolver availability of $343.2 million TILC Leasing Warehouse availability of $394.8 million Total available liquidity of more than $1.1 billion Corpora
Slide 16: Trinity's Balance Sheet Remains Solid
16 Trinity's Balance Sheet Remains Solid As of March 31, 2011: Unrestricted Cash and Short-term Marketable Securities of $377.3 million Corporate debt Subordinated Convertible Notes of $450 million; first call/put in 2018 Non-recourse Leasing debt, excluding TRIP Warehouse borrowings of $80.2 millio
Slide 17: Trinity's Recent Operating Results
17 Trinity's Recent Operating Results Trinity's Earnings Summary FY 2005 - LTM 3/31/11 Earnings Column 12 Column 13 Column 14 Column 15 Column 16 2003 -0.06 2004 -0.25 2005 1.42 2006 2.64 2007 3.55 2008 3.47 2009 -1.81 2010 0.85 LTM 03/11 1.12 LTM as of March 31, 2011: Revenues increased 6.4% from $
Slide 18: Appendix: Operating Business Summaries
Appendix: Operating Business Summaries
Slide 19: Rail Group
19 Industry shipments of approximately 21,690 railcars during LTM 3/31/11 with a backlog of approximately 51,910 railcars as of 3/31/11 Trinity shipments totaled approximately 6,500 railcars during LTM 3/31/11 Trinity orders totaled approximately 26,000 railcars representing 42% of the Industry tota
Slide 20: Railcar Leasing and Management Services Group
20 Railcar Leasing and Management Services Group Leading provider of comprehensive railcar leasing and management services Single point of contact for equipment and services Strengthens relationship with end-user of railcar Marketed with railcar sales activities as TrinityRail(r) Trinity Leasing's c
Slide 21: Inland Barge Group
21 Revenue Operating profit Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 Column 15 Column 16 2002 211.7 4.7 0.0222 2003 170.6 -4.7 -0.0275 2004 210.4 -14.8 -0.0703 2005 240.7 15.7 0.0652 2006 371.2 44.5 0.1199 2007 493.2 72.6 0.1472
Slide 22: Construction Products Group
Concrete & Aggregates 42 Highway Products 55 Other 2 All other Slice 7 Slice 8 Slice 9 Slice 10 Slice 11 Slice 12 Slice 13 Slice 14 Slice 15 Slice 16 22 Revenues OP OP% Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 Column 15 Column 16 2002 46
Slide 23: Energy Equipment Group
23 Revenue OP OP% Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11 Column 12 Column 13 Column 14 Column 15 Column 16 2002 149.4 0.6 0.004 2003 124.3 10.9 0.088 2004 152.1 15.3 0.101 2005 234.8 31.9 0.136 2006 336.5 45.7 0.136 2007 433.9 50.1 0.115 2008 530 100.3 0.159 2009 73.8 0.145
Slide 24: Reconciliation of EBITDA
Reconciliation of EBITDA "EBITDA is defined as Income (loss) from continuing operations plus interest expense, income taxes, and depreciation and amortization expense including goodwill impairment charges. EBITDA is not a calculation based on generally accepted accounting principles. The amounts inc