Triton International Limited

Good day, and welcome to the Train International Limited First Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to John Burns. Please go ahead.

Thank you, Jordan. Good morning, and thank you for joining us on today's call. We are here to discuss Triton's first quarter 2021 results, which were reported this morning. Joining me on this morning's call from Triton is Brian Sundy, our CEO, and John O'Callaghan, our head of global marketing and operations. Before I turn the call over to Brian, I would like to note that our prepared remarks will follow along with a presentation that can be found in the investor section of our website under investor presentations. I'd like to direct you to the slide two of that presentation and remind you that today's presentation includes forward-looking statements that reflects Triton's current view with respect to future events, financial performance, and industry conditions. These forward-looking statements are subject to various risks and uncertainties. Trayton has provided additional information in its reports on file with the SEC concerning factors that could cause actual results to differ materially from those contained in this presentation, and we encourage you to review these factors. In addition, reconciliations of non-GAAP measures to the most directly comparable GAAP financial measures are included in our earnings release and the presentation. With these formalities out of the way, I will turn the call over to Brian.

Thanks, John. and welcome to Triton International's first quarter 2021 earnings conference call. I'll start with slide three of our presentation. Triton achieved outstanding results in the first quarter of 2021. We generated $1.91 of adjusted net income per share, an increase of 12% from the fourth quarter of last year, and we achieved an annualized return on equity of 25%. Our excellent results in the first quarter were supported by very strong market conditions. The balance of container supply and demand remains highly favorable for us, and all of our key operating metrics are at a high level. We are focused on locking in durable benefits from the current strong conditions. We are making large, high-value investments in our container fleet. We are placing our new and used containers on leases with very long durations. And we are further securing our position as the go-to supplier in the industry. through our unique ability to meet even the largest and most urgent container needs of our customers. Triton's balance sheet is in great shape. Our leverage remains historically low, despite our aggressive fleet investment. Our corporate credit rating was recently upgraded to BBB- by Standard & Poor's, and we continue to raise substantial amounts of efficient capital to support our fleet investments, including our recent inaugural issuance of senior secured investment-grade bonds. We expect market conditions to remain strong as we move into the traditional summer peak season for dry containers, and we expect to continue to achieve outstanding results. I will now hand the call over to John O'Callaghan, our Global Head of Marketing and Operations.