Slide 1: Trinity Industries, Inc. November 2009
Trinity Industries, Inc. November 2009
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 Trinity is a Multi-Industry Company Trinity provides infrastructure products and services through five distinct business groups: Revenue percentages for Last Twelve Months Ended 9/30/09 for outside revenues
Slide 4: Trinity's Key Market Leadership Positions
4 Trinity's Key Market Leadership Positions Trinity's Rail Group Largest manufacturer of railcars in North America Largest railcar axle manufacturer in North America Largest railcar coupling device manufacturer in North America Trinity's Rail Leasing and Management Services Group Leading provider of
Slide 5: Trinity's Differentiating Strategies and Tactics
5 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 6: Trinity's Revenues are More Diversified Than in the Past
6 Trinity's Revenues are More Diversified Than in the Past LTM 9/30/2009 Total Consolidated Revenue was $3.0 billion FY 2000 Total Consolidated Revenue was $2.7 billion
Slide 7: Trinity Today: Multi-Industry Model
7 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 8: Trinity Has Navigated Through Economic Cycles
8 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 9: Trinity's Objectives During the Economic Downturn
9 Trinity's Objectives During the Economic Downturn Our goal is to maintain momentum that we built during the positive economic cycle We plan to strengthen the company as we respond to a declining level of demand for our products by: Launching a variety of initiatives to enhance our balance sheet an
Slide 10: Trinity is Well Positioned for All Economic Cycles
10 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 Tr
Slide 11: Trinity's Manufacturing Flexibility is a Differentiator
11 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 W
Slide 12: Trinity Has an Excellent Competitive Position in Mexico
12 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 Multiple plants in Mexico Trinity's significant manufacturing capacity in Mexico continues to grow Very strong logistics networ
Slide 13: Trinity's Companies Have Continuous Synergistic Connections
13 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 G
Slide 14: Trinity's Railcar Leasing Company Provides Stability
14 Trinity's Railcar Leasing Company Provides Stability Trinity's leasing company growth over the last decade has established a predictable revenue and earnings base Trinity's leasing company continues to provide strategic benefits to our manufacturing businesses in addition to its strong financial
Slide 15: Trinity's Railcar Lease Fleet has Grown Rapidly
15 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 9/09 2003 8684 11830 13280 15098 18599 20313 24877 30553 36090 47850 49470 CAGR of 20.1% 8,700 cars 49,470 cars We have built a large fleet of young railcars with long-term leases Our lease f
Slide 16: Trinity's Liquidity Position is Strong
16 Trinity's Liquidity Position is Strong As of September 30th, 2009: Cash of $545.4 million Corporate Revolver availability of $336.1 million Leasing Warehouse availability of $180.2 million Total available liquidity of over $1 billion Corporate Revolver $425 million facility Matures October, 2012
Slide 17: Trinity's Balance Sheet Remains Solid
17 Trinity's Balance Sheet Remains Solid As of September 30th, 2009: Cash of $545.4 million Corporate debt Senior Notes of $201.5 million; mature in 2014 Subordinated Convertible Notes of $450 million; first call/put in 2018 Leasing debt Warehouse borrowings of $294.8 million Long-term financings of
Slide 18: Industry Shipments
18 Industry Shipments 1956 67080 1957 99590 1958 42760 1959 37819 1960 57047 1961 31720 1962 36554 1963 44960 1964 69330 1965 77828 1966 90104 1967 83095 1968 56232 1969 69028 1970 65970 1971 54696 1972 47460 1973 59875 1974 66563 1975 72337 1976 52504 1977 51142 1978 67286 1979 84869 1980 80470 198
Slide 19: Trinity is Optimizing Synergistic Opportunities in the Wind Energy Market
19 Trinity is Optimizing Synergistic Opportunities in the Wind Energy Market the Wind Energy Market the Wind Energy Market Trinity's Structural Wind Tower revenues grew from $11 million in 2004 to $392.3 million at LTM 9/30/09. The backlog was $1.1 billion at 9/30/09 Trinity's concrete business has
Slide 20: Trinity's Recent Operating Results
20 Trinity's Recent Operating Results Trinity's Earnings Summary 2005 - LTM 9/30/2009 (1) (1) Earnings per Diluted Share from Continuing Operations in LTM 09/30/09 is total of last four quarters Earnings Column 12 Column 13 Column 14 Column 15 Column 16 2003 -0.06 2004 -0.25 2005 1.42 2006 2.64 2007
Slide 21: Appendix: Operating Business Summaries
Appendix: Operating Business Summaries
Slide 22: Rail Group
22 Industry shipments of 33,148 railcars during LTM 9/30/09 with a backlog of 19,343 railcars as of 9/30/09 Trinity shipments totaled 14,807 railcars during LTM 9/30/09 Trinity orders totaled 3,830 railcars representing approximately 36% of the Industry total during LTM 9/30/09 Trinity's order backl
Slide 23: Railcar Leasing and Management Services Group
23 Railcar Leasing and Management Services Group Leading provider of comprehensive railcar leasing and management services Trinity's owned and leased fleet was approximately 49,470 railcars at 9/30/09 as compared to 43,910 at 9/30/08 Single point of contact for equipment and services Strengthens rel
Slide 24: Inland Barge Group
24 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 25: Construction Products Group
25 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 463.9 44.8 0.097 2003 457.4 37.5 0.082 2004 535.5 35.1 0.066 2005 621.6 55.9 0.09 2006 695.3 62.8 0.09 2007 733 72.4 0.099 2008 761 64.2 0.087 LTM 9/30/
Slide 26: Energy Equipment Group
26 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 LTM 9/30/09 83.