Textainer Group Holdings Limited (TGH)
Deutsche Bank 2012 Aviation and Transportation Conference Call
September 06, 2012, 02:45 pm ET
Steve Bishop - COO & CFO, SeaCube Container Leasing Ltd
Hilliard Terry - EVP & CFO, Textainer Group Holdings Limited
Alright. Well without further adieu, we're going to move on to our container panel here and I see we’re moving on to the shipping side of the program and this is a smooth transition. Yes we are not into tankers or dry bulk yet. We’re on the transportation and of the shipping world here with the container leasing guys and are very pleased to introduce the CFOs of both SeaCube and Textainer, we have Steve Bishop who we will hear from first and then you will hear Terry following him. Thank you.
Thanks [Jess] and I am going to keep my remarks short because I want to keep a panel discussion going on here. So I've just got a couple of slides. Obviously, we always do the forward-looking statements. So I ask you to read this at your leisure and use your cautionary statements.
In terms of SeaCube the company, we’re one of the world’s largest container leasing companies, total fleet of almost 600,000 containers, this is both reefers, dry containers and gensets. We’re also one of the largest lessors of refrigerated containers with about 20% global market share. 95% of our containers are with long-term leases and our average remaining lease term is 33.8 years, $1.4 billion net book value.