Trinity Industries, Inc. · NYSE:TRN
Trinity Industries — Q3 2020 Earnings Presentation
7 slides from Trinity Industries's earnings presentation, Oct 22, 2020
Slide 1: 3Q 2020 Earnings Conference Call Supplemental Material
Exh. 99.3 TRINITY INDUSTRIES, INC. Investor Day Presentation November 19, 2020 3Q 2020 – Earnings Conference Call Supplemental Material October 22, 2020 – based on financial results as of September 30, 2020 Investor Contact: TrinityInvestorRelations@trin.net Website: www.trin.net DELIVERING GOODS fo
Slide 2: Forward Looking Statements
Forward Looking Statements Some statements in this presentation, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Trinity's estimates, expectations, beliefs, intent
Slide 3: Third Quarter Financial Results
Third Quarter Financial Results Q3 2020 Financial Summary: External Revenue Reflects Challenging Market Dynamics Income Statement: • Total revenues of $459mm • Earnings from continuing operations of $0.21 • Adjusted EPS of $0.17 excludes restructuring activities and additional income tax benefit • S
Slide 4: 2020 Cost Reduction Activities – Progress Update
2020 Cost Reduction Activities – Progress Update Cost Reduction Activity As of Q2‐20 As of Q3‐20 Structural Administrative Cost Savings ~ $30mm ~ $35mm Cyclical Headcount Reductions ~ $40mm ~ $45mm TOTAL ANNUALIZED COST REDUCTION ~ $70mm ~ $80mm Structural administrative cost savings achieve Company
Slide 5: Facing Market Challenge from a Position of Strength
Facing Market Challenge from a Position of Strength Attractive Solid Liquidity Conservative Debt of $719mm(1) Capitalization Structures LIQUIDITY DEBT STRUCTURE CAPITAL LEVERS Cash & Equivalents Recourse Debt Unencumbered $121mm $523mm @ ~4%(1) Railcars $1.4B Non‐recourse Debt Revolver Availability
Slide 6: Management Scenario Guideposts for 2020
Management Scenario Guideposts for 2020 BASE CASE STRESS CASE Improved assumptions since Q1 (Economic Recovery) (Further Contraction or Relapse) Railcar Deliveries Backlog Delivers Deferred Deliveries > 90% Utilization Rate Lease Portfolio ~ 95% Utilization Rate Customer Late Payments Lease Fleet Sa
Slide 7: Footnotes and Reconciliations
Footnotes and Reconciliations * Except as noted below, GAAP EPS and Adjusted EPS were the same for the periods shown. Adjusted EPS in chart on Slide 3 includes the following adjustmentsreportedbytheCompany: • Reported Q4‐19 GAAP EPS was $0.18; Adjusted EPS excludes $0.09 per share related to restruc