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GENERAL FINANCE CORPORATION
Investor Presentation    Through Quarterly Reporting Period March 31, 2012




                                                                       NASDAQ: GFN
2



Forward-Looking Statements
Statements in this presentation that are not historical facts are forward‐looking 
statements within the meaning of Section 27A of the Securities Act of 1933, as 
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Such 
forward‐looking statements involve risks and uncertainties that could cause actual 
outcomes and results to differ materially from those described in forward‐looking 
statements.  We believe that the expectations represented by our forward looking 
statements are reasonable, yet there can be no assurance that such expectations will 
prove to be correct.  Furthermore, unless otherwise stated, the forward looking 
statements contained herein are made as of the date of the presentation, and we do 
not undertake any obligation to update publicly or to revise any of the included 
forward‐looking statements, whether as a result of new information, future events or 
otherwise unless required by applicable legislation or regulation.  The forward‐
looking statements contained herein are expressly qualified by this cautionary 
statement.  Readers are cautioned that these forward‐looking statements involve 
certain risks and uncertainties, including those contained in filings with the U.S. 
Securities and Exchange Commission.
3



General Finance at a Glance
A holding company that acquires, operates           
and enhances value for businesses in the         
mobile storage and modular space industries 
(portable services) 
Management’s seasoned expertise in these sectors 
drives disciplined growth strategies, operational 
guidance, effective capital allocation and capital 
markets support for its subsidiaries  
Ownership in leading providers of mobile storage 
and modular space businesses operating in highly 
fragmented markets
 • 50.01% ownership of Royal Wolf Holdings Ltd.
 • 100% ownership of Pac‐Van, Inc.
TTM consolidated revenue of $207.6 million; TTM 
consolidated adjusted EBITDA of $45.1 million
4



GFN: Reasons to Invest
Seasoned, global expertise in portable services industry at 
holding company level
Strong Royal Wolf performance bolstered by healthy local 
economy and unmatched competitive leadership
Pac‐Van upside opportunity through three‐pronged growth 
strategy
Capital investment focused on building lease fleet and pursuing 
accretive acquisitions in the attractive container asset class
Financial flexibility and sound prospects for growth and 
improved performance 
Current valuation offers attractive entry point with clear and 
compelling upside opportunity
5

   GFN Management:
   Seasoned, Global Expertise
Ronald F. Valenta            Founder, president and CEO of Mobile Services Group, Inc.;
President and CEO            director of the National Portable Storage Association; SVP of 
                             Public Storage, Inc.; Arthur Andersen & Co. 

Charles E. Barrantes         VP and CFO of Royce Medical Company; CFO of Earl Scheib, Inc.;
Executive VP and CFO         30 years of experience in accounting and finance including >10 
                             years with Arthur Andersen & Co. 

Jeffrey A. Kluckman          15‐year background in business development for rental services, 
Executive VP, Business       including mobile storage, modular space, equipment rental; VP of 
Development                  M&A for Mobile Mini, Inc. (NASDAQ: MINI); similar positions with 
                             Mobile Storage Group, Inc. (acquired by Mobile Mini in 2008), RSC 
                             Equipment Rental, Inc. (NYSE: RRR)

Christopher A. Wilson        General counsel and assistant secretary of Mobile Services Group, 
VP, General Counsel          Inc.; corporate law at Paul, Hastings, Janofsky & Walker LLP; J.D. 
and Secretary                from Loyola Law School and BA from Duke University 
  >50 collective years of expertise in the rental services industry, including portable services 
  M&A activity (at GFN and subsidiaries) draws on Mr. Valenta’s successful completion and  
  integration of 100+ acquisitions in past 15 years , Mr. Kluckman’s  110+ transactions
6



   Royal Wolf Holdings at a Glance
                 Customer Segments                          Sells and leases container solutions in 3 
                      (YTD March 31, 2012)                  key product areas
           Consumer                                          •   Portable storage 
             18%          Other              Construction
                          14%                   19%          •   Portable buildings 
                                                             •   Freight
Manufacturing                                               21,000 customers across 19 industries 
    9%
                                                Retail
                                                            Trades publicly on the ASX under the 
                                                 9%         symbol “RWH”
                                                            TTM (3/31/12)  revenues of US$140.4 
          Resources                                         million
                                  Moving & Transportation
            12%
                                           19%              TTM (3/31/12) adjusted EBITDA of 
                                                            US$36.4 million
7



   Royal Wolf’s Leadership
Experienced and committed senior management supported by Board of Directors with 
combined over 140 years of relevant experience
Robert Allan              30 years experience in Australia’s container leasing and logistics 
Chief Executive Officer   industry; as Royal Wolf CEO, has implemented portable buildings 
                          product line, introduced 50 new products and doubled size of 
                          distribution network; Group General Manager of IPS Logistics Pty 
                          Ltd; Regional Director of Triton International
Greg Baker                20+ years experience in senior accounting and finance; as Royal 
Chief Financial Officer   Wolf CFO, has overseen successful implementation of enhanced 
                          financial reporting systems and optimized reporting and 
                          compliance discipline; senior finance roles at Westpac Banking 
                          Corporation and Fujitsu Australia 
3 additional senior       Average 14+ years experience in equipment leasing industry
executives
8



Royal Wolf’s Fleet and Network
                                                                                                             (in units)                  35,340
                                                           28 ,6 03         28 ,2 27                                           30 ,170
Largest lease fleet in Australia                            8,328            8,020
                                                                                                        26 ,9 27
                                                                                                            6,309
                                                                                                                                7,504
                                                                                                                                2,227
                                                                                                                                          9,002
                                                                                                                                          3,038

      and New Zealand                                       1,490            1,758                          2,037

                                                                                                                                         23,300
                                                            18,785           18,449                         18,581             20,439


                                                             FY08            FY09                           FY10                FY11     3QFY12
                      Darwin                                                           Portable buildings            Freight   Total

                                     Cairns
                          NT
                                   Townsville
                                       QLD
         WA                       Brisbane (1 NA and 1 CSC)
 Geraldton                             Gold Coast
                                                                                               Integrated business model 
                            SA
  Perth North (Bayswater)            NSW Sydney (1 NA and 2 CSCs)
                                                                                               (procurement, modification, 
                                                   Newcastle
 Perth South                                       North Harbour
                                                                                               design and delivery) capitalizes 
                                        ACT
 (Bibra Lake)             Adelaide VIC
                                                 Central Coast Auckland                        on strategically located 
                                          Canberra                       Bay of Plenty
                                                                  Hamilton
              Melbourne West (Sunshine) Melbourne East                                         customer service centers and 
                                         (Clayton)
                                     TAS Hobart
                                                                   Wellington                  specialized national accounts 
Customer Service Centres                                     Christchurch
National Accounts Management Team                                                              management team
9

Royal Wolf’s Competitive
Advantages
 Largest branch network and fleet throughout Australia and 
 New Zealand with a leading market share in excess of 35%
 Relatively new fleet, with 52% built in the last six years
 94 unique container products offered across 3 product 
 segments
 Diversified blue chip customer base across 19 industries
 National accounts capabilities to service large multi‐region 
 customers
 In house design and engineering capabilities to meet customer 
 requirements
10

Royal Wolf’s Growth and
Expansion Profile

               • Lease fleet growth of 13% per year
Over Past 5 
               • 12 acquisitions completed 
  Years        • 11 new product lines introduced




               • Increasing revenue associated with the resources end 
                 market 
   Key 
               • Fleet expansion combined with increasing pricing
Financial 
               • Continued margin expansion due to increasing leasing 
 Drivers         opportunities, further shift toward higher margin 
                 products
11



              Royal Wolf Financial Summary
              $150.0                                                                          27.0%
A$ Millions




                       $122.9                        $127.5                           26.9%   26.0%
                                    $111.8                                                    25.0%
                                                                  $93.8           $100.6
              $100.0                                                                          24.0%
                                                                                              23.0%   Revenue
                                             22.2%                        23.1%               22.0%   Adjusted EBITDA
                            20.0%
               $50.0                                                                          21.0%   EBITDA Margin
                                         $24.9            $30.1                       $27.1
                            $24.6                                         $21.7               20.0%
                                                                                              19.0%
                $0.0                                                                          18.0%
                         FY09         FY10              FY11       9mo11           9mo12

                EBITDA CAGR of 33.5% (FY2006 to FY2011)
                Margin expansion to 26.9% from 10.5% (FY2006 to FY2012)
                Expected annual pro forma EBITDA growth to  over $35 M in FY12


Adjusted EBITDA = Operating Income + depreciation and amortization + share‐based compensation + goodwill impairment 
12



Pac-Van at a Glance
Leases and sells portable storage and office 
containers, mobile offices, modular buildings, 
ancillary products and related services throughout the 
U.S. and Canada. 
TTM (3/31/12) revenues of $67.2 million
TTM (3/31/12) adjusted EBITDA of $11.4 million
TTM revenue  composition: Leasing 61%, Sales 39%
13



   Pac-Van Management
Combined 85 years of relevant experience
Ted Mourouzis           15 years with Pac‐Van, 13 as COO; past experience includes 
President and COO       management consulting for Deloitte & Touche and controller 
                        for a 3M joint venture; MBA from The Wharton School of the 
                        University of Pennsylvania and BA from Stanford University
Jim Dunmyer             15+ years experience in accounting and financial management 
VP, Finance             including 3 years in public accounting with Deloitte & Touche; 
                        MBA from Wright State University  and BA from DePauw 
                        University ; CPA
5 additional senior 
                        12 years average tenure with Pac‐Van 
executives
14



   Pac-Van’s Fleet Composition
       Storage containers                                          Distribution by Quantity
                                                                   Mobile    (At March 31, 2012)
       Office containers                                           offices
                                                                    40%                                         Modular 
       Mobile offices                                       Container 
                                                                                                                buildings
                                                                                                                   8%
       Modular buildings                                     offices
                                                              11%                                               Portable 
                                                                                                                storage 
                                                                                                               containers
            Customer Segments                                                                                     41%
                (YTD March 31, 2012)
      Other
                                         Construction 33%      Distribution by Gross Book Value
 Retail 1%                                                                    (At March 31, 2012)     
  4%                                                                                                        Mobile 
                                                            Container 
 Govt.                                                       offices                                        offices
 16%                                        Industrial        11%                                            45%
                                               20%
Education                                                    Portable 
   3%                                  Commercial            storage                                     Modular 
            Services
                                          12%               containers                                   buildings
              11%
                                                               11%                                         33%
15



Pac-Van’s Footprint
 27 branches in 18 states in the U.S. and 1 province in Canada
 Highly fragmented portable storage container market in U.S. and Canada
                       Edmonton, Alberta, Canada
16



              Pac-Van Financial Summary
             $100.0                                                                                28.0%
$ Millions




                      $77.1 27.0%                                                                  26.0%
                                    $57.1                       $67.2
                                                $55.9                                              24.0%
                                                                                         $52.5             Revenue
              $50.0                     22.4%                                                      22.0%
                                                                         $41.1                             Adjusted EBITDA
                                                        18.8%
                                                                                 19.7%
                         $20.8                      $10.5                                    17.1% 20.0%   EBITDA Margin
                                       $12.8                        $11.4                    $9.0 18.0%
                                                                              $8.1
                                                                      17.0%
               $0.0                                                                                16.0%
                       FY09          FY10         FY11     TTM (3/31/11) 9mo11
                                                                (3/31/12)                 9mo12

      Pac‐Van’s post recession performance beginning to improve
         TTM Adjusted EBITDA is up 9% from the FY11 trough
         Leasing revenues have been higher on a year over year basis for the last six 
         quarters
         Quarterly average number of new leases and average index (mix adjusted) 
         pricing have each increased on a year over year basis for seven consecutive 
         quarters


Adjusted EBITDA = Operating Income + depreciation and amortization + share‐based compensation + goodwill impairment 
17



Pac-Van’s Strategic Initiatives
   Increase  market penetration in portable storage and office 
   containers by making incremental investments in container 
   fleet to leverage attractive returns of this asset class


   Pursue selective, accretive acquisitions that will enhance or 
   expand branch network and geographic  footprint, help 
   diversify business away from the construction sector  



   Focus on penetrating new and existing sectors that are 
   experiencing strong demand
18



    Capital Structure
                                   GFN                        Royal Wolf                          Pac‐Van
Consolidated cash        • $7.8 million
Debt                     • $15.0 million             • $92.7 million                   • $62.8 million 
                         Senior                      outstanding on $114.3             outstanding on $85.0 
                         Subordinated Note           million Senior Credit             million Senior Credit 
                                                     Facility                          Facility
                                                     • $0.5 million other debt         • $ 0.6 million other debt
Common equity            • 22.0 million shares  • 100.4 million shares                 • 100.0% owned by 
                         outstanding            outstanding                            General Finance
                                                • 50.01% owned by 
                                                General Finance
Redeemable               • $0.1 million
preferred stock
Cumulative               • $1.4 million
preferred stock                 • Royal Wolf figures are translated into U.S. Dollars based on 1.039 AUD/USD as of 3/31/12
           • $15.0 million Senior Subordinated Note at General Finance Corp  is being serviced by cash flows from Pac‐Van
19



      Capital Investment Strategy

             Demonstrated                        Grow                           Acquire and                   Existing or 
EXPERIENCE




                                 OPPORTUNITIES




                                                                                                    TARGETS
                                                                     STRATEGY
             track record of                     subsidiaries’                  operate                       potential market 
             implementing                        lease fleets                   businesses                    leadership
             operational                         Pursue accretive               primarily in                  Strong 
             changes and cost                    acquisitions of                mobile storage                management 
             controls                            portable storage               and modular                   teams 
             combined with                       container                      space industries 
             acquisitions                                                       (portable                     Mobile storage 
                                                 businesses                                                   (containers) fleet
                                                                                services) 
                                                                                                              Strong leasing 
                                                                                                              revenues
20



             Consolidated Financial Summary
Financial highlights (YTD fiscal year 2012 versus YTD fiscal year 2011): 
   Increased revenues by 19% to $157.1 million
   Increased adjusted EBITDA by 26% to $34.2 million
   Net income attributable to common shareholders was $2.3 million
   Total unit lease fleet utilization was 80% at quarter end

             $200.0                                                                              22.0%
                                                                                           21.8%
$ Millions




                               21.9%              $182.3
                                       $156.3                                                    21.5%
                      $146.5                                                         $157.1
             $150.0                                                                              21.0%
                                                              20.8% $131.7
                                                                                                 20.5%   Revenue
                                                20.1%                        20.6%
             $100.0                                                                              20.0%
                                                                                                         Adjusted EBITDA
                                                                                                 19.5%
                                                                                         $34.2           EBITDA Margin
              $50.0        $24.6            $24.9            $30.1                               19.0%
                                                                         $27.1
                                                                                                 18.5%
               $0.0                                                                              18.0%
                        FY09             FY10              FY11       9mo11           9mo12




Adjusted EBITDA = Operating Income + depreciation and amortization + share‐based compensation + goodwill impairment 
21



GFN Valuation Analysis
NASDAQ: GFN
Recent share price   $2.90
Value                Derived by combining value of operating subsidiaries and value of 
                     holding company structure 
Royal Wolf           GFN’s ownership interest in Royal Wolf is worth  approximately 
ownership            $105 million or $4.77  per equivalent share of GFN 
GFN market 
                     $63.8 million
capitalization
Discount             US investors applying a substantial negative value to GFN’s 
                     ownership in Pac‐Van and to holding company value 
Significant value discount applied when calculating value utilizing “sum of the 
parts” valuation 
22



Key Investment Considerations
 Seasoned and proven expertise in portable services industry
 Disciplined growth strategies, operational guidance, effective 
 capital allocation and capital markets support
 Both Royal Wolf and Pac‐Van positioned for long‐term growth 
 and increased profitability
 Dramatically improved financial and operating flexibility at 
 subsidiary levels
    Operational strategies driving growth for existing businesses 
    Capital allocation strategies driving accretive acquisitive expansion 
 Investment activity focused on the attractive container asset 
 class
23



Contacts

     Charles E. Barrantes
    Chief Financial Officer
  General Finance Corporation
    +1 626.584.9722 x1007



        Larry Clark, CFA
     Senior Vice President
     Financial Profiles, Inc.
      +1 310.478.2700 x29
    lclark@finprofiles.com

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General Finance Investor Presentation March 2012

  • 2. 2 Forward-Looking Statements Statements in this presentation that are not historical facts are forward‐looking  statements within the meaning of Section 27A of the Securities Act of 1933, as  amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Such  forward‐looking statements involve risks and uncertainties that could cause actual  outcomes and results to differ materially from those described in forward‐looking  statements.  We believe that the expectations represented by our forward looking  statements are reasonable, yet there can be no assurance that such expectations will  prove to be correct.  Furthermore, unless otherwise stated, the forward looking  statements contained herein are made as of the date of the presentation, and we do  not undertake any obligation to update publicly or to revise any of the included  forward‐looking statements, whether as a result of new information, future events or  otherwise unless required by applicable legislation or regulation.  The forward‐ looking statements contained herein are expressly qualified by this cautionary  statement.  Readers are cautioned that these forward‐looking statements involve  certain risks and uncertainties, including those contained in filings with the U.S.  Securities and Exchange Commission.
  • 3. 3 General Finance at a Glance A holding company that acquires, operates            and enhances value for businesses in the          mobile storage and modular space industries  (portable services)  Management’s seasoned expertise in these sectors  drives disciplined growth strategies, operational  guidance, effective capital allocation and capital  markets support for its subsidiaries   Ownership in leading providers of mobile storage  and modular space businesses operating in highly  fragmented markets • 50.01% ownership of Royal Wolf Holdings Ltd. • 100% ownership of Pac‐Van, Inc. TTM consolidated revenue of $207.6 million; TTM  consolidated adjusted EBITDA of $45.1 million
  • 4. 4 GFN: Reasons to Invest Seasoned, global expertise in portable services industry at  holding company level Strong Royal Wolf performance bolstered by healthy local  economy and unmatched competitive leadership Pac‐Van upside opportunity through three‐pronged growth  strategy Capital investment focused on building lease fleet and pursuing  accretive acquisitions in the attractive container asset class Financial flexibility and sound prospects for growth and  improved performance  Current valuation offers attractive entry point with clear and  compelling upside opportunity
  • 5. 5 GFN Management: Seasoned, Global Expertise Ronald F. Valenta Founder, president and CEO of Mobile Services Group, Inc.; President and CEO director of the National Portable Storage Association; SVP of  Public Storage, Inc.; Arthur Andersen & Co.  Charles E. Barrantes  VP and CFO of Royce Medical Company; CFO of Earl Scheib, Inc.; Executive VP and CFO 30 years of experience in accounting and finance including >10  years with Arthur Andersen & Co.  Jeffrey A. Kluckman  15‐year background in business development for rental services,  Executive VP, Business  including mobile storage, modular space, equipment rental; VP of  Development M&A for Mobile Mini, Inc. (NASDAQ: MINI); similar positions with  Mobile Storage Group, Inc. (acquired by Mobile Mini in 2008), RSC  Equipment Rental, Inc. (NYSE: RRR) Christopher A. Wilson  General counsel and assistant secretary of Mobile Services Group,  VP, General Counsel  Inc.; corporate law at Paul, Hastings, Janofsky & Walker LLP; J.D.  and Secretary from Loyola Law School and BA from Duke University  >50 collective years of expertise in the rental services industry, including portable services  M&A activity (at GFN and subsidiaries) draws on Mr. Valenta’s successful completion and   integration of 100+ acquisitions in past 15 years , Mr. Kluckman’s  110+ transactions
  • 6. 6 Royal Wolf Holdings at a Glance Customer Segments Sells and leases container solutions in 3  (YTD March 31, 2012) key product areas Consumer • Portable storage  18% Other Construction 14% 19% • Portable buildings  • Freight Manufacturing 21,000 customers across 19 industries  9% Retail Trades publicly on the ASX under the  9% symbol “RWH” TTM (3/31/12)  revenues of US$140.4  Resources million Moving & Transportation 12% 19% TTM (3/31/12) adjusted EBITDA of  US$36.4 million
  • 7. 7 Royal Wolf’s Leadership Experienced and committed senior management supported by Board of Directors with  combined over 140 years of relevant experience Robert Allan  30 years experience in Australia’s container leasing and logistics  Chief Executive Officer industry; as Royal Wolf CEO, has implemented portable buildings  product line, introduced 50 new products and doubled size of  distribution network; Group General Manager of IPS Logistics Pty  Ltd; Regional Director of Triton International Greg Baker  20+ years experience in senior accounting and finance; as Royal  Chief Financial Officer Wolf CFO, has overseen successful implementation of enhanced  financial reporting systems and optimized reporting and  compliance discipline; senior finance roles at Westpac Banking  Corporation and Fujitsu Australia  3 additional senior  Average 14+ years experience in equipment leasing industry executives
  • 8. 8 Royal Wolf’s Fleet and Network (in units) 35,340 28 ,6 03 28 ,2 27 30 ,170 Largest lease fleet in Australia  8,328 8,020 26 ,9 27 6,309 7,504 2,227 9,002 3,038 and New Zealand 1,490 1,758 2,037 23,300 18,785 18,449 18,581 20,439 FY08 FY09 FY10 FY11 3QFY12 Darwin Portable buildings Freight Total Cairns NT Townsville QLD WA Brisbane (1 NA and 1 CSC) Geraldton Gold Coast Integrated business model  SA Perth North (Bayswater) NSW Sydney (1 NA and 2 CSCs) (procurement, modification,  Newcastle Perth South North Harbour design and delivery) capitalizes  ACT (Bibra Lake) Adelaide VIC Central Coast Auckland on strategically located  Canberra Bay of Plenty Hamilton Melbourne West (Sunshine) Melbourne East                                customer service centers and  (Clayton) TAS Hobart Wellington specialized national accounts  Customer Service Centres Christchurch National Accounts Management Team management team
  • 9. 9 Royal Wolf’s Competitive Advantages Largest branch network and fleet throughout Australia and  New Zealand with a leading market share in excess of 35% Relatively new fleet, with 52% built in the last six years 94 unique container products offered across 3 product  segments Diversified blue chip customer base across 19 industries National accounts capabilities to service large multi‐region  customers In house design and engineering capabilities to meet customer  requirements
  • 10. 10 Royal Wolf’s Growth and Expansion Profile • Lease fleet growth of 13% per year Over Past 5  • 12 acquisitions completed  Years • 11 new product lines introduced • Increasing revenue associated with the resources end  market  Key  • Fleet expansion combined with increasing pricing Financial  • Continued margin expansion due to increasing leasing  Drivers  opportunities, further shift toward higher margin  products
  • 11. 11 Royal Wolf Financial Summary $150.0 27.0% A$ Millions $122.9 $127.5 26.9% 26.0% $111.8 25.0% $93.8 $100.6 $100.0 24.0% 23.0% Revenue 22.2% 23.1% 22.0% Adjusted EBITDA 20.0% $50.0 21.0% EBITDA Margin $24.9 $30.1 $27.1 $24.6 $21.7 20.0% 19.0% $0.0 18.0% FY09 FY10 FY11 9mo11 9mo12 EBITDA CAGR of 33.5% (FY2006 to FY2011) Margin expansion to 26.9% from 10.5% (FY2006 to FY2012) Expected annual pro forma EBITDA growth to  over $35 M in FY12 Adjusted EBITDA = Operating Income + depreciation and amortization + share‐based compensation + goodwill impairment 
  • 12. 12 Pac-Van at a Glance Leases and sells portable storage and office  containers, mobile offices, modular buildings,  ancillary products and related services throughout the  U.S. and Canada.  TTM (3/31/12) revenues of $67.2 million TTM (3/31/12) adjusted EBITDA of $11.4 million TTM revenue  composition: Leasing 61%, Sales 39%
  • 13. 13 Pac-Van Management Combined 85 years of relevant experience Ted Mourouzis 15 years with Pac‐Van, 13 as COO; past experience includes  President and COO management consulting for Deloitte & Touche and controller  for a 3M joint venture; MBA from The Wharton School of the  University of Pennsylvania and BA from Stanford University Jim Dunmyer 15+ years experience in accounting and financial management  VP, Finance including 3 years in public accounting with Deloitte & Touche;  MBA from Wright State University  and BA from DePauw  University ; CPA 5 additional senior  12 years average tenure with Pac‐Van  executives
  • 14. 14 Pac-Van’s Fleet Composition Storage containers Distribution by Quantity Mobile  (At March 31, 2012) Office containers offices 40% Modular  Mobile offices Container  buildings 8% Modular buildings offices 11% Portable  storage  containers Customer Segments 41% (YTD March 31, 2012) Other Construction 33% Distribution by Gross Book Value Retail 1% (At March 31, 2012)      4% Mobile  Container  Govt.  offices offices 16% Industrial 11% 45% 20% Education Portable  3% Commercial  storage  Modular  Services 12% containers buildings 11% 11% 33%
  • 15. 15 Pac-Van’s Footprint 27 branches in 18 states in the U.S. and 1 province in Canada Highly fragmented portable storage container market in U.S. and Canada Edmonton, Alberta, Canada
  • 16. 16 Pac-Van Financial Summary $100.0 28.0% $ Millions $77.1 27.0% 26.0% $57.1 $67.2 $55.9 24.0% $52.5 Revenue $50.0 22.4% 22.0% $41.1 Adjusted EBITDA 18.8% 19.7% $20.8 $10.5 17.1% 20.0% EBITDA Margin $12.8 $11.4 $9.0 18.0% $8.1 17.0% $0.0 16.0% FY09 FY10 FY11 TTM (3/31/11) 9mo11 (3/31/12) 9mo12 Pac‐Van’s post recession performance beginning to improve TTM Adjusted EBITDA is up 9% from the FY11 trough Leasing revenues have been higher on a year over year basis for the last six  quarters Quarterly average number of new leases and average index (mix adjusted)  pricing have each increased on a year over year basis for seven consecutive  quarters Adjusted EBITDA = Operating Income + depreciation and amortization + share‐based compensation + goodwill impairment 
  • 17. 17 Pac-Van’s Strategic Initiatives Increase  market penetration in portable storage and office  containers by making incremental investments in container  fleet to leverage attractive returns of this asset class Pursue selective, accretive acquisitions that will enhance or  expand branch network and geographic  footprint, help  diversify business away from the construction sector   Focus on penetrating new and existing sectors that are  experiencing strong demand
  • 18. 18 Capital Structure GFN Royal Wolf Pac‐Van Consolidated cash • $7.8 million Debt • $15.0 million  • $92.7 million  • $62.8 million  Senior  outstanding on $114.3 outstanding on $85.0  Subordinated Note million Senior Credit  million Senior Credit  Facility Facility • $0.5 million other debt • $ 0.6 million other debt Common equity • 22.0 million shares  • 100.4 million shares  • 100.0% owned by  outstanding outstanding General Finance • 50.01% owned by  General Finance Redeemable • $0.1 million preferred stock Cumulative  • $1.4 million preferred stock • Royal Wolf figures are translated into U.S. Dollars based on 1.039 AUD/USD as of 3/31/12 • $15.0 million Senior Subordinated Note at General Finance Corp  is being serviced by cash flows from Pac‐Van
  • 19. 19 Capital Investment Strategy Demonstrated  Grow  Acquire and  Existing or  EXPERIENCE OPPORTUNITIES TARGETS STRATEGY track record of  subsidiaries’  operate  potential market  implementing  lease fleets  businesses  leadership operational  Pursue accretive  primarily in  Strong  changes and cost  acquisitions of  mobile storage  management  controls  portable storage  and modular  teams  combined with  container  space industries  acquisitions   (portable  Mobile storage  businesses (containers) fleet services)  Strong leasing  revenues
  • 20. 20 Consolidated Financial Summary Financial highlights (YTD fiscal year 2012 versus YTD fiscal year 2011):  Increased revenues by 19% to $157.1 million Increased adjusted EBITDA by 26% to $34.2 million Net income attributable to common shareholders was $2.3 million Total unit lease fleet utilization was 80% at quarter end $200.0 22.0% 21.8% $ Millions 21.9% $182.3 $156.3 21.5% $146.5 $157.1 $150.0 21.0% 20.8% $131.7 20.5% Revenue 20.1% 20.6% $100.0 20.0% Adjusted EBITDA 19.5% $34.2 EBITDA Margin $50.0 $24.6 $24.9 $30.1 19.0% $27.1 18.5% $0.0 18.0% FY09 FY10 FY11 9mo11 9mo12 Adjusted EBITDA = Operating Income + depreciation and amortization + share‐based compensation + goodwill impairment 
  • 21. 21 GFN Valuation Analysis NASDAQ: GFN Recent share price $2.90 Value Derived by combining value of operating subsidiaries and value of  holding company structure  Royal Wolf  GFN’s ownership interest in Royal Wolf is worth  approximately  ownership $105 million or $4.77  per equivalent share of GFN  GFN market  $63.8 million capitalization Discount US investors applying a substantial negative value to GFN’s  ownership in Pac‐Van and to holding company value  Significant value discount applied when calculating value utilizing “sum of the  parts” valuation 
  • 22. 22 Key Investment Considerations Seasoned and proven expertise in portable services industry Disciplined growth strategies, operational guidance, effective  capital allocation and capital markets support Both Royal Wolf and Pac‐Van positioned for long‐term growth  and increased profitability Dramatically improved financial and operating flexibility at  subsidiary levels Operational strategies driving growth for existing businesses  Capital allocation strategies driving accretive acquisitive expansion  Investment activity focused on the attractive container asset  class
  • 23. 23 Contacts Charles E. Barrantes Chief Financial Officer General Finance Corporation +1 626.584.9722 x1007 Larry Clark, CFA Senior Vice President Financial Profiles, Inc. +1 310.478.2700 x29 lclark@finprofiles.com