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Textainer

June 2012

Forward Looking Statements


Certain information included in this presentation and other statements or materials published or to be published by the Company are not historical facts but are forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new and existing products, expectations for market segment and growth, and similar matters. In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the Company provides the following cautionary remarks regarding important factors which, among others, could cause the Companys actual results and experience to differ materially from the anticipated results or other expectations expressed in the Companys forward-looking statements. The risks and uncertainties that may affect the operations, performance, development, results of the Companys business, and the other matters referred to above include, but are not limited to: (i) changes in the business environment in which the Company operates, including global GDP changes, the level of international trade, inflation and interest rates; (ii) changes in taxes, governmental laws, and regulations; (iii) competitive product and pricing activity; (iv) difficulties of managing growth profitably; and (v) the loss of one or more members of the Companys management team.

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Who We Are

Established in 1979 Worlds largest container lessor: 2.5 million TEU control 18% of container leasing market sell up to 100,000 containers annually own 59% and manage 41% of fleet for 16 owners

Own and manage the full life-cycle of intermodal containers 79% of on-hire fleet is subject to long-term leases, including life-cycle leases, and finance leases Profitable for 26 consecutive years

Paid stable or increasing dividends for 23 consecutive years


Listed on the NYSE since 2007: TGH

Why do Shipping Lines Lease Containers to Supplement their Own Fleet?

Reduce capital expenditures


Reserve limited borrowing capacity for purchase of ships, terminal/infrastructure investments, IT development and other needs more than $57bn in committed vessel purchases through 2015* European banks, some of the primary lenders to container shipping lines, are restricting lending Shipping lines tend to lease more when new container prices are perceived to be high Manage availability and location of containers for operational flexibility Meet peak and unexpected demands

Support new trade routes

50%

40%

30% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Percentage of World Container Fleet Owned by Leasing Companies

Chart Source: Containerisation International * Alphaliner October 2011

Growth in Containerized Trade Drives Results


World Container Fleet TEU (mm)(1)
35 30 25 20 15 10 5 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011E 2012E

Global GDP and Containerized Trade Growth (%) (2)


20
15.4

15 10 5 0 (5) (10) 2001

13.1

13.0 10.0 11.1 9.1

12.0 8.6 8.4

3.4
1.7 4.0 1.5 1.9 2.6 3.4 3.9 (0.6) 3.7 3.0

4.6

4.3

4.2

(6.9)

2011E

Trade

GDP

Container trade has grown at an average of 2.4x growth in global GDP due to globalization and growing consumer classes around the world Bank of America Merrill Lynch forecasts 3.5% global GDP growth in 2012

Sources: Nomura (1) Harrison Consulting/ Drewry (2) EIU and Drewry

2012E

2002

2003

2004

2005

2006

2007

2008

2009

2010

Container Leasing Business Model More Consistently Profitable than Container Shipping
Container shipping lines
(%)
60 50

Leasing companies

operating margin

40 30 20

10
0 -10 -20 2012F 2005 2006 2007 2008 2009 2010 2011

Despite global GDP dipping negative in 2009, container leasing companies remained profitable and have since reported record earnings.

Source: Company data, Bloomberg, Nomura estimates

Textainer Fleet (TEU)


Total Fleet
3,000,000

2,500,000 2,000,000

TEU

1,500,000

1,000,000

Since 2002, the owned fleet has grown 34% faster than the managed fleet.

500,000
0
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*

Owned Fleet

Managed Fleet

Reefer Fleet
60,000

TEU

40,000 20,000
0

2008

2009

2010

2011

2012*

Owned Fleet

Managed Fleet

* As of 31 March 2012

Textainer Total Fleet by Container Type

3% 9%
34%

20 Standard

Dry Freight
Reefers Specials

40 High Cube

40%
40 Standard

14%

Excludes direct finance lease units As of 31 March 2012 (CEU)

Container Leasing Industry Market Share

Textainer Triton Florens TAL SeaCo CAI Intl SeaCube Container Cronos Group Gold Container Dong Fang Beacon Intermodal UES Intl HK Other

2,440

1,925
1,710

1,605
990

885
870

708
515

480
357 275 870

500

1,000

1,500

2,000

2,500

3,000

TEU (000's)

As of Mid-Year 2011

Container Leasing Companies Shipping Companies and Other Total World Container Fleet Leasing Companies

13,635 16,995 30,630 44.5%


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Chart Source: Andrew Foxcroft Container Data UK

Textainer Offices
Textainer maintains 14 offices worldwide in the following locations:

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Timing of Returns During a Containers Life

Mid-life

Initial LTL

Disposition

30% of return

55% of return

15% of return

Projected percentage of NPV for investment in a new container

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Strong and Growing Long-Term Coverage

2000

2012(1)

21% 38% 61% 75% 4%

1%

Master and Short-Term Leases (MLA)

Finance Leases (FL)

Long-Term Leases (LTL)

(1) As of 31 March 2012

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Average Utilization 2000-2012 (CEU)


100% 95% 90% 85% 80% 75% 70% 65% 60%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

A 1% change in utilization $5.9mm in pre-tax income

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Diversified Quality Customer Relationships

Our 25 largest customers lease 80% of our containers


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Current Container Supply/Demand Factors

Strong demand for containers in 2012 Some shipping lines, reluctant to pay current new container price levels and/or facing liquidity constraints, prefer to lease Leasing sector supplied 64% of new container production through mid-2012 Shipping lines starting to increase disposals from their fleets Higher residual values in secondary market provide incentive to renew fleet

Result
Demand for leased containers expected to remain strong in 2012 Utilization declined slightly in 1Q2012 but has improved in 2Q2012 Residual values are very attractive

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Proven Growth Strategy

Six acquisitions added over 1,400,000 TEU to Textainers fleet


Former Competitor Capital Intermodal/Xines Amficon Capital Lease Gateway Date July 2009 May 2009 July 2007 July 2006 TEU 156,000 145,000 510,000 315,000

XTRA
Prime Source

May 1999
April 1998

226,000
55,000 1,407,000

Each acquisition 1-3 months conversion no disruption to customers no new headcount accretive to earnings IT Systems scalable to 2x current fleet size

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Future Growth

Container ownership Ownership generates considerably more income per container than management: increase percentage of owned containers with aggressive new container purchases expand refrigerated container market share replace retired managed containers with new owned containers Accretive transactions Opportunistically look for: acquisitions of competitors or container fleets purchase leaseback of shipping line owned containers purchase of managed containers container trading deals

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Considerable Financial Strength

Strong and growing contracted revenue stream and stable cash flow 79% of on-hire fleet subject to term-leases/direct finance leases average remaining term of term leases = 41.2 months diversified customer base Diverse revenue streams owning, managing, resale Limited future capex commitments 2-3 month order cycle for new containers Excellent liquidity strong support from diverse bank group with $1.2bn warehouse facility strong demand for recently issued $400mm term notes at attractive rates Strong financial ratios debt:equity 2.2:1.0 debt:EBITDA 4.3:1.0

As of 31 March 2012

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Attractive Financial Trends


Revenue (1)
$500,000 $400,000 $300,000 $200,000
$250,000

Adjusted Net Income (1) (2)


$200,000
$150,000 $100,000 $50,000 $0

$100,000
$0
2008 2009 2010 2011 2012 (3)

2008

2009

2010

2011

2012 (3)

EBITDA (1)
$400,000

CEU per Employee


20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0

$350,000
$300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2008 2009 2010 2011 2012 (3)

2008

2009

2010

2011

2012 (3)

(1) Amounts in 000s (2) See reconciliation of Adjusted Net Income on page 25 (3) 31 March 2012 YTD annualized

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Strong Balance Sheet

Balance Sheet
($ in millio ns)

31 March 2012
Cash And Cash Equivalents Containers, Net Total Assets Growth Long-Term Debt (Incl. Current Portion) Total Liabilities Non-controlling Interest Total S hareholders Equity Total Equity & Liabilities Debt / Equity plus Non-controlling Interest $76 $2,014 $2,447 6% $1,568 $1,720 $2 $726 $2,447 2.2x

31 December 2011
$75 $1,904 $2,310 32% $1,509 $1,625 $1 $685 $2,310 2.2x

2010
$57 $1,437 $1,747 28% $889 $1,077 $87 $584 $1,661 1.3x

2009
$57 $1,062 $1,360 4% $687 $787 $73 $500 $1,287 1.2x

2008
$71 $999 $1,304 16% $725 $796 $58 $450 $1,245 1.4x

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Attractive Dividend
$0.42 $0.40 $0.38 $0.36 $0.34 $0.32 $0.30 $0.28 $0.26 $0.24 $0.22 $0.20
3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

Dividend Per Share

Dividends have averaged 43% of adjusted net income since IPO, enabling the Company to retain capital for growth Paid stable or increasing dividends since IPO

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Highly Attractive Financial Model

Textainer Offers
Revenue visibility long term leases and lease renewal experience, plus scale and expertise to manage through end of lease Low credit risk and limited customer base concentration Business model (management business) mitigates cyclicality percent of 2011 segment income before tax and noncontrolling interest container ownership: 79% container management: 16% container resale: 5% Tax efficient structure Access to multiple debt and equity sources

Investors Receive
Organic Growth Dividend (1) yield of 4.87%

Accretive Acquisitions

Attractive total return opportunity

(1) Annualized based on price on 31 May 2012 of $32.87

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Appendix

Reconciliation of GAAP to Non-GAAP Items


Amounts in millions Reconciliation of EBITDA Net income Interest income Interest expense Realized losses (gains) on interest rate swaps and caps, net Unrealized losses (gains) on interest rate swaps, net Income tax expense (benefit) Net income attributable to noncontrolling interest Depreciation expense Amortization expense Gain on sale of containers to noncontrolling interest Impact of reconciling items on net income attributable to noncontrolling interest EBITDA Reconciliation of Adjusted Net Income: Net income Unrealized losses (gains) on interest rate swaps, net Gain on sale of containers to noncontrolling interest Impact of reconciling items on net income attributable to noncontrolling interest Adjusted Net Income $50 (1) $49 $190 4 (20) 4 $178 $120 4 (1) $123 $91 (11) 2 $82 $85 15 (3) $97 $50 15 2 (1) 2 22 1 (1) $90 $190 45 11 4 4 14 83 6 (20) (5) $332 $120 18 10 4 4 14 59 7 (17) $219 $91 12 15 (11) 3 15 48 7 (11) $169 $85 (1) 26 6 15 (1) 9 49 7 (17) $178 3 Months Ended 31 March 2012 Fiscal Year Ended 31 December 2011 2010 2009 2008

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Financing Facilities

Textainer Limited $205mm bank revolver Textainer Marine Containers Limited


Textainer Group Holdings Limited (TGH)

Series 2010-1 Notes

$1.2bn warehouse facility floating rate revolving until April 2014 $163.1mm outstanding floating rate monthly amortization matures May 2015

100% Textainer Limited (TL)

100% Textainer Equipment Management Limited (TEML)

Series 2005-1 Notes

100% 100% Textainer Marine Containers Limited (TMCL) Textainer Marine Containers Limited II (TMCL II)

Series 2011-1 Notes

25% TW Container Leasing Limited (TWCL)

$370.0mm outstanding 4.7% fixed rate monthly amortization matures June 2021
$400.0mm outstanding (effective April 2012) 4.21% fixed rate monthly amortization matures April 2022

Series 2012-1 Notes

As of 31 March 2012

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Fleet Data 2003-2012 (CEU)


2003
New Containers Purchased Containers Added Through Acquisitions of Former Competitors Containers Purchased by Texainer from the Managed Fleet Retired (1) New Container Average Purchase Price per CEU Average Residual Value per CEU
(2)

2004
132,786

2005
71,304

2006
86,524

2007
125,816

2008
130,330

2009
33,418

2010
219,922

2011
233,799

2012
181,714

96,767

283,000

443,000

325,000

97,815

405

100,655

33,978

157,357

2,303

32,740

45,780

46,990

61,430

90,200

84,940

125,238

98,328

61,167

18,503

$1,400

$1,950

$1,900

$1,750

$1,900

$2,400

$1,900

$2,470

$2,688

$2,376

$562

$752

$950

$885

$929

$1,151

$817

$1,112

$1,697

$1,421

Average Residual Value/Average Purchase Price Average Bad Debt Expense as % of Revenue

40%

39%

50%

51%

49%

48%

43%

45%

63%

60%

0.9%

0.7%

0.1%

0.5%

0.5%

2.7%

1.7%

0.6%

0.1%

3.0%

(1) In depot retirements only (excludes lost on lease) (2) Includes cash proceeds and repair bills

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Experienced Management Team

Philip K. Brewer was appointed President and CEO in October 2011. Mr. Brewer served as our Executive Vice President since January 2006, responsible for managing our capital structure and identifying new sources of finance for our company, as well as overseeing the management and coordinating the activities of our risk management and resale divisions. Mr. Brewer was Senior Vice President of our Asset Management Group from 1999 to 2005 and Senior Vice President of our Capital Markets Group from 1996 to 1998. Prior to joining our company in 1996, Mr. Brewer worked at Bankers Trust starting in 1990 as a Vice President and ending as a Managing Director and President of its Indonesian subsidiary. From 1989 to 1990, he was Vice President in Corporate Finance at Jardine Fleming. From 1987 to 1989, he was Capital Markets Advisor to the United States Agency for International Development in Indonesia. From 1984 to 1987, he was an associate with Drexel Burnham Lambert, an investment banking firm. Mr. Brewer holds a B.A. in Economics and Political Science from Colgate University and a M.B.A. in Finance from Columbia University. Robert D. Pedersen was appointed President and CEO of Textainer Equipment Management Limited, our management company, in October 2011. Mr. Pedersen served as our Executive Vice President responsible for worldwide sales and marketing related activities and operations since January 2006. Mr. Pedersen was Senior Vice President of our leasing group from 1999 to 2005. From 1991 to 1999, Mr. Pedersen held several positions within our company, and from 1978 through 1991, he worked in various capacities for Klinge Cool, a manufacturer of refrigerated container cooling units, XTRA, a container lessor, and Maersk Line, a container shipping line. Mr. Pedersen is a graduate of the A.P. Moller Shipping and Transportation Program and the Merkonom Business School in Copenhagen, where he majored in Company Organization. Hilliard C. Terry, III was appointed Executive Vice President and Chief Financial Officer in January 2012. Prior to joining the company, Mr. Terry was Vice President and Treasurer and previously the head of Investor Relations at Agilent Technologies, Inc., where he worked since the companys initial public offering in 1999 and subsequent spin-off from Hewlett-Packard Company (HP). Before joining Agilent, he worked in marketing and investor relations for HPs VeriFone subsidiary and joined VeriFone, Inc. in 1995 prior to the companys acquisition by HP in 1997. Mr. Terry has also held positions in investor relations and investment banking with Kenetech Corporation and Goldman, Sachs & Co, respectively. He holds a B.A. in Economics from the University of California at Berkeley and an M.B.A. from Golden Gate University. Ernest J. Furtado has served as our First Vice President, Senior Vice President, Chief Financial Officer and Secretary or Assistant Secretary since 1999. Mr. Furtado currently serves as Textainers Senior Vice President and Chief Accounting and Compliance Officer. Prior to joining our company in 1991, Mr. Furtado was Controller for Itel Instant Space, a container leasing company based in San Francisco, California, and Manager of Accounting for Itel Containers International Corporation, a container leasing company based in San Francisco, California. Mr. Furtado is a Certified Public Accountant and holds a B.S. in Business Administration from the University of California at Berkeley and a M.B.A. in Information Systems from Golden Gate University.

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Textainer Contacts
Corporate Headquarters Office Textainer Group Holdings, Ltd. Century House 16 Par-la-Ville Road Hamilton HM08, Bermuda Administrative Office Textainer Equipment Management, Ltd. 650 California Street, 16th Floor San Francisco, CA 94108

Philip K. Brewer President & CEO Textainer Group Holdings Ltd.


PKB@textainer.com (415) 658-8363

Robert D. Pedersen President & CEO Textainer Equipment Management Ltd.


RDP@textainer.com (415) 658-8320

Hilliard C. Terry, III Executive Vice President and Chief Financial Officer
HCT@textainer.com (415) 658-8214

Ernest J. Furtado Senior Vice President and Chief Accounting & Compliance Officer
EJF@textainer.com (415) 658-8223

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