TEXTAINER GROUP HOLDINGS LIMITED
Incorporated in Bermuda
Company number: EC18896
NYSE share code: TGH
JSE share code: TXT
ISIN: BMG8766E1093
LEI: 529900OHEYRATAFMIT89
(“Textainer”, “the Company”, “we” and “our””)

Textainer Group Holdings Limited Reports Fourth-Quarter and Full-Year 2022 Results and Increases
Dividend

Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”, “the Company”, “we” and “our”),
one of the world’s largest lessors of intermodal containers, today reported unaudited financial results
for the fourth-quarter and full-year ended December 31, 2022.

Key Financial Information (in thousands of U.S. dollars, except for per share and TEU amounts) and
Business Highlights:

                                                                                Q TD                                   Full-Year
                                                           Q 4 2022          Q 3 2022         Q 4 2021          2022               2021
Total lease rental income                                  $   202,912   $      205,152   $      198,222   $ 810,014         $      750,730
Gain on sale of owned fleet containers, net                $    15,033   $       22,788   $       16,007   $ 76,947          $       67,229
Income from operations                                     $   111,544   $      123,292   $      113,986   $ 472,399         $      430,131
Net income attributable to common shareholders             $    61,854   $       76,400   $       72,885   $ 289,549         $      273,459
Net income attributable to common shareholders
  per diluted common share                                 $      1.38   $         1.64   $         1.45   $       6.12      $            5.41
                          (1)
Adjusted net income                                        $ 61,993      $       76,562   $       73,229   $ 289,946         $      284,087
                                                  (1)
Adjusted net income per diluted common share               $    1.38     $         1.64   $         1.46   $    6.13         $         5.62
Adjusted EBITDA (1)                                        $ 179,464     $      192,647   $      182,150   $ 745,514         $      697,948
                    (1)
Headline earnings                                          $ 61,854      $       77,259   $       72,851   $ 290,647         $      268,727
                                            (1)
Headline earnings per diluted common share                 $      1.38   $         1.65   $         1.45   $       6.14      $            5.31
Net asset value per diluted common share attributable
 to the equity holders of the Company                      $     45.75   $        44.28   $        36.48   $      45.75      $        36.48
                                (2)
Average fleet utilization                                      99.0%              99.4%            99.7%           99.4%               99.8%
Total fleet size at end of period (TEU) (3)                4,425,300          4,478,963        4,322,367       4,425,300           4,322,367
Owned percentage of total fleet at end of period               93.6%              93.6%            92.8%           93.6%               92.8%


(1) Refer to the “Use of Non-GAAP Financial Information” set forth below.

(2) Utilization is computed by dividing total units on lease in CEUs (cost equivalent unit) by the total units in our fleet in CEUs,
    excluding CEUs that have been designated as held for sale and units manufactured for us but not yet delivered to a lessee.
    CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry
    container. These factors may differ from CEU ratios used by others in the industry.

(3) TEU refers to a twenty-foot equivalent unit, which is a unit of measurement used in the container shipping industry to
    compare shipping containers of various lengths to a standard 20-foot container, thus a 20-foot container is one TEU and a
    40-foot container is two TEU.
•   Net income of $289.5 million for the full year, or $6.12 per diluted common share, and $61.9
    million for the fourth quarter of 2022, or $1.38 per diluted common share;
•   Adjusted net income of $289.9 million for the full year, or $6.13 per diluted common share, as
    compared to $284.1 million, or $5.62 per diluted common share in the prior year. Adjusted net
    income of $62.0 million for the fourth quarter of 2022, or $1.38 per diluted common share, as
    compared to $76.6 million, or $1.64 per diluted common share in the third quarter of 2022;
•   Adjusted EBITDA of $745.5 million for the full year, as compared to $697.9 million in the prior
    year. Adjusted EBITDA of $179.5 million for the fourth quarter of 2022, as compared to $192.6
    million in the third quarter of 2022;
•   Headline earnings of $290.6 million for the full year, or $6.14 per diluted common share as
    compared to $268.7 million or $5.31 per diluted common share in the prior year. Headline
    earnings of $61.9 million for the fourth quarter, or $1.38 per diluted common share as
    compared to $77.3 million or $1.65 per diluted common share in the third quarter of 2022;
•   Average and ending utilization rate for the fourth quarter of 99.0% and 98.9%, respectively;
•   Added $786 million of new containers in 2022, assigned to long-term and finance leases;
•   Repurchased 1,543,267 shares and 5,636,772 shares of common stock at an average price of
    $29.29 per share and $31.69 per share during the fourth quarter and full year of 2022,
    respectively. As of the end of the year, the remaining authority under the share repurchase
    program totaled $122.5 million;
•   Textainer’s board of directors approved and declared a quarterly preferred cash dividend on its
    7.00% Series A and its 6.25% Series B cumulative redeemable perpetual preference shares,
    payable on March 15, 2023, to holders of record as of March 3, 2023; and
•   Textainer’s board of directors approved and declared a $0.30 per common share cash
    dividend, payable on March 15, 2023 to holders of record as of March 3, 2023, an increase of
    $0.05 per common share, or 20%, from the previous quarter.
Use of Non-GAAP Measures

U.S. securities laws require that when we publish any non-GAAP measures, we disclosure the reason for
using these non-GAAP measures and provide reconciliations to the directly comparable GAAP measures
in our full announcement. The presentation of Adjusted net income, Adjusted net income per diluted
common share, Adjusted EBITDA, Headline earnings and Headline earnings per diluted common share
are non-GAAP measures.

Conference Call

A conference call to discuss the financial results for the fourth quarter and full year of 2022 will be held
at 11:00 am Eastern Time on Tuesday, February 14, 2023. The dial-in number for the conference call is 1-
877-407-9039 (U.S. & Canada) and 1-201-689-8470 (International). The call and archived replay may also
be accessed via webcast on Textainer’s Investor Relations website at http://investor.textainer.com.

About Textainer Group Holdings Limited

Textainer has operated since 1979 and is one of the world’s largest lessors of intermodal containers with
more than 4 million TEU in our owned and managed fleet. We lease containers to approximately 200
customers, including all of the world’s leading international shipping lines, and other lessees. Our fleet
consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. We also
lease tank containers through our relationship with Trifleet Leasing and are a supplier of containers to
the U.S. Military. Textainer is one of the largest and most reliable suppliers of new and used containers.
In addition to selling older containers from our fleet, we buy older containers from our shipping line
customers for trading and resale and we are one of the largest sellers of used containers. Textainer
operates via a network of 14 offices and approximately 400 independent depots worldwide. Textainer
has a primary listing on the New York Stock Exchange (NYSE: TGH) and a secondary listing on the
Johannesburg Stock Exchange (JSE: TXT). Visit www.textainer.com for additional information about
Textainer.

Textainer Group Holdings Limited
Investor Relations
Phone: +1 (415) 658-8333
ir@textainer.com

Short-Form Announcement

This short-form announcement is the responsibility of Textainer’s Board of Directors and is a summary
of the information in the detailed financial results announcement. This short-form announcement does
not contain complete or full announcement details. Any investment decision by investors and/or
shareholders should be based on consideration of the full announcement. The short-form
announcement has not been audited or reviewed by Textainer's external auditors. The full
announcement may be downloaded from
https://senspdf.jse.co.za/documents/2023/jse/isse/TXTE/ResultsQ4.pdf or from Textainer's Investor
Relations website at http://investor.textainer.com, and is also available from the registered office of the
Company (Century House 16 Par-la-Ville Road, Hamilton, Bermuda, HM 08) and at the office of the
sponsor, at no charge, during normal business hours.
14 February 2023

Sponsor:
Investec Bank Limited