Gatx Corporation · NYSE:GATX
Gatx — Shareholder Meeting (April 2024)
13 slides from Gatx's shareholder meeting presentation, Apr 26, 2024
Slide 1: Annual Meeting of Shareholders
ANNUAL MEETING OF SHAREHOLDERS APRIL 26, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation not based on historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and, accordingly, involve known and unknown risks and uncertainties that are difficult to predict and c
Slide 3: GATX Financial Highlights
GATX Financial Highlights Income Per Diluted Share, excluding tax adjustments and other items (non-GAAP)* $7.07 $5.77 $6.07 $5.37 $5.06 $4.67 $4.89 $4.59 $4.48 $4.41 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Return on Equity, excluding tax adjustments and other items (non-GAAP)** Investment
Slide 4: Business Update: Rail North America
Business Update: Rail North America Market Dynamics GATX Focus ▪ Rail traffic growth remains modest ▪ Capitalize on favorable market conditions to increase renewal ▪ Supply and demand are in lease rates and extend lease term balance for the majority of railcar types due to industry fleet • Lock in h
Slide 5: Business Update: Rail International
Business Update: Rail International Market Dynamics GATX Focus ▪ Supply and demand dynamics are ▪ Invest prudently with a focus on favorable in Europe and India long-term trends in Europe and • Stable demand India • Replacement cycle in Europe • Long backlog at manufacturers ▪ Diversify across custo
Slide 6: Business Update: Engine Leasing
Business Update: Engine Leasing Market Dynamics GATX Focus ▪ Global air passenger travel has ▪ Continue to work closely and essentially recovered to pre- collaboratively with our partner, pandemic levels Rolls-Royce ▪ Robust demand for aircraft spare ▪ Continue to opportunistically engines invest th
Slide 7: Business Update: Trifleet Leasing
Business Update: Trifleet Leasing Market Dynamics GATX Focus ▪ As supply chain disruptions eased ▪ Leverage the management team’s post-pandemic, customers began extensive experience in managing to reduce tank container fleets and investing through the cycle • Industry utilization impacted as ▪ Maxim
Slide 8: Shareholder Commitment
Shareholder 1 Long-term focus on investing that matches the long lives of our assets Commitment Earn an attractive risk-adjusted return on 2 capital across the business cycle 3 Return excess capital to our owners Regular re-examination of our platform 4 strengths given the pace of change in technolo
Slide 9: Total Shareholder Return
Total Shareholder Return 26.3% 16.4% 15.2% 15.4% 13.9% 12.0% 11.4% 10.4% 10.0% 9.3% 9.3% 8.1% 1 Year 3 Year 10 Year GATX S&P 500 S&P 500 Equal Weight MidCap 400 Note: Annualized returns shown for each period ending 12/31/2023 and assumes all dividends are reinvested 9
Slide 10: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures
Slide 11: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Net Income (in millions) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Net income (GAAP) $ 205.0 $ 205.3 $ 257.1 $ 502.0 $ 211.3 $ 211.2 $ 151.3 $ 143.1 $ 155.9 $ 259.2 Less: Net income from discontinued operations (GAAP) n/a n/a n/a 34.2 20.8 30.4 1.1 - - - N
Slide 12: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures Earnings per Share 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Diluted earnings per share from continuing operations (GAAP) $ 4.48 $ 4.69 $ 6.29 $ 11.88 $ 4.98 $ 4.97 $ 4.24 $ 3.98 $ 4.35 $ 7.12 Diluted earnings per share from discontinued operations (GAAP)
Slide 13: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures On- and Off-Balance Sheet Assets 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Total assets (GAAP) $ 6,919.9 $ 6,894.2 $ 7,105.4 $ 7,422.4 $ 7,616.7 $ 8,285.1 $ 8,937.6 $ 9,541.7 $ 10,072.0 $ 11,326.0 Off-balance sheet assets (1): Rail North America 606.1 488.