2011 Annual report - touax group

2011 Report
1. diversification of its activities
TOUAX specializes in the operational leasing and sale of shipping containers, modular
buildings, freight railcars, and river barges. This equipment provides similar yet complimentary
benefits:
• Mobility for improved utilization rates,
• Steady revenue streams generated by term-based contracts ensuring a good visibility,
• Standardized, long-life assets (15-50 years) for maximizing equipment transfer prices.
These activities are positioned in a market with strong growth drivers: the growth of globalized
trade boosts the leasing of shipping containers; Europe's deregulated rail freight market favors
freight railcar leasing; the need for flexibility and competitive costs gives modular buildings
the edge over traditional construction; and environmental concerns are fostering river
transport.
4 LEVERAGES OF SUSTAINABLE PROFITABILITY
2. Weighting our equity investments
Our equity investment policy generates recurring leasing revenues and ultimately adds value
to the Group by creating opportunities for capital gains.
TOUAX weights its equity investments between equipment featuring a shorter lifecycle
(particularly modular buildings and shipping containers) and very long-life business assets
(railcars and river barges).
3. streamlining our financial resources thanks to third-party asset management
TOUAX provides asset management services for third-party investors and receives
management commissions in addition to revenue from our own assets. Third party investments
produce additional revenue streams and improve the profitability of our equity without tying
up capital.
These are long-term management contracts (averaging 10 years) which ensure recurring cash
flows for the Group.
4. the group’s capacity to develop and adapt to its environment
In each of its business lines, TOUAX listens to its customers and closely watches markets in
order to continually develop and improve our products and services. Over the past five years,
each of our divisions has bolstered its competencies and expanded both its business lines
and services, thereby earning recognition as a key player in its field.
The Group is pursuing its international growth strategy in the emerging countries in order to
diversify its risks, increase market shares and generate economies of scale.
14I15