GATX Corporation Reports 2012 Fourth Quarter and Full-Year Results

  GATX Corporation Reports 2012 Fourth Quarter and Full-Year Results

Business Wire

CHICAGO -- January 24, 2013

GATX Corporation (NYSE:GMT) today reported 2012 fourth quarter net income of
$29.7 million or $.62 per diluted share, compared to net income of $31.6
million or $.67 per diluted share in the fourth quarter of 2011. The 2012 and
2011 fourth quarter results include benefits from Tax Adjustments and Other
Items of $2.8 million or $.06 per diluted share and $1.9 million or $.05 per
diluted share, respectively.

Net income for the full-year 2012 was $137.3 million or $2.88 per diluted
share, compared to net income of $110.8 million or $2.35 per diluted share in
the prior year. The 2012 and 2011 results include benefits from Tax
Adjustments and Other Items of $3.5 million or $.07 per diluted share and
$15.8 million or $.34 per diluted share, respectively.

Details related to the Tax Adjustments and Other Items are provided in the
attached Supplemental Information. Quarterly segment data, presented in the
new segment and income statement format, is posted in the Investor Relations
section of www.gatx.com.

Brian A. Kenney, president and chief executive officer of GATX, said, “The
North American rail market remains strong due to unprecedented demand for tank
cars. In 2012, we capitalized on the favorable market conditions by increasing
lease rates while successfully stretching lease terms. In the fourth quarter,
the renewal rate change of GATX’s Lease Price Index (“LPI”) was a positive
32.3% and the average renewal term for cars in the LPI was 65 months. On a
full-year basis, the renewal rate change of the LPI was a positive 25.6% and
the average renewal term was 60 months. Additionally, fleet utilization
approximated 98% and our renewal success rate averaged over 80% for the year.
We also used the strong market to optimize our fleet by selling railcars,
generating improved asset remarketing income in Rail North America.

“Although the European freight car market remains weak, GATX’s European tank
car fleet experienced higher lease rates and strong utilization throughout
2012. Tank car investment opportunities were robust, as our total European
investment reached nearly $200 million, a record level for GATX in this
market. We also entered the Indian railcar leasing market during the year with
the purchase of railcars that began to deliver at the end of 2012.”

Mr. Kenney continued, “Looking to the year ahead, we expect continued strength
in the North American chemical and petroleum markets to provide a favorable
operating environment for tank car leasing, while demand across certain
freight car types is expected to remain weak. The number of cars scheduled for
maintenance, especially tank car compliance work, will increase in 2013, and
thus our maintenance costs will increase materially over 2012 levels.
Internationally, demand in the European tank car market appears to be
moderating, so we will focus on maintaining high utilization and upgrading our
fleet while pursuing additional investment opportunities in India and other
emerging rail markets.

“We anticipate that American Steamship Company’s (“ASC’s”) 2013 tonnage will
be down somewhat from the prior year, and record low water levels on the Great
Lakes will hamper operating conditions. Within the Portfolio Management
segment, the Rolls-Royce and Partners Finance affiliates are expected to
continue their strong performance, while our ocean-going marine investments
will likely have continued weak results. Based on these factors, we expect
full-year 2013 EPS to be in the range of $3.10 to $3.20 per diluted share.”

Mr. Kenney concluded, “Over the last few years, we believe GATX has made
significant cost-advantaged investments and positioned its fleet to produce
record earnings and cash flow. Reaching that goal remains our primary focus.”

RAIL NORTH AMERICA

Rail North America segment profit was $59.8 million in the fourth quarter of
2012, compared to $55.4 million in the fourth quarter of 2011. The 2011 fourth
quarter results include the pre-tax benefit from Other Items of $5.5 million.
The improvement in segment profit was driven by higher lease rates and
increased asset remarketing income; in particular an $11 million gain
associated with a residual value sharing transaction. This was partially
offset by increased maintenance costs, due to higher repair costs and more
railroad repairs, and decreased scrapping gains due to fewer scrapped cars at
lower scrap rates.

Rail North America reported segment profit of $209.3 million in 2012, compared
to $172.7 million in 2011. Again, the 2011 results include the pre-tax benefit
from Other Items of $5.5 million. The increase in segment profit was driven by
higher lease rates, increased asset remarketing income and lower maintenance
costs resulting from our high renewal success rate. The increase in segment
profit was partially offset by lower scrapping gains due to fewer railcars
scrapped at lower scrap rates.

At December 31, 2012, Rail North America’s wholly-owned fleet totaled
approximately 110,000 cars. Fleet utilization was 97.9%, compared to 98.2% at
the end of the third quarter and at 2011 year end.

During the fourth quarter of 2012 the GATX Lease Price Index (“LPI”), a
weighted average lease renewal rate for a group of railcars representative of
the Rail North American fleet, increased 32.3% over the weighted average
expiring lease rate. This compares to a 26.4% increase in the prior quarter
and a 13.2% increase in the fourth quarter 2011. The average lease renewal
term for cars included in the LPI during the fourth quarter was 65 months, up
from 59 months in the third quarter and 48 months in the fourth quarter of
2011. For the full-year 2012 the LPI increased 25.6% and railcars in the LPI
had an average renewal term of 60 months, compared to an increase of 6.9% and
average renewal term of 45 months in 2011. Investment volume in 2012 at Rail
North America totaled nearly $466 million.

RAIL INTERNATIONAL

Rail International segment profit was $10.5 million in the fourth quarter of
2012, compared to $6.7 million in the fourth quarter of 2011. The 2012 and
2011 fourth quarter results include the negative pre-tax impact from Other
Items of $2.0 million and $7.5 million, respectively.

Rail International reported segment profit of $32.7 million in 2012, compared
to $60.7 million in 2011. The 2012 and 2011 results include the negative
pre-tax impact from Other Items of $22.9 million and the pre-tax benefit from
Other Items of $3.5 million, respectively. The changes in full-year and
quarterly segment profit were primarily driven by activities in Europe,
including higher legal fees and increased depreciation expense associated with
new investments, partially offset by more railcars on lease at higher lease
rates.

Within Rail International, the wholly-owned tank car fleet in Europe totaled
approximately 22,000 cars and utilization was 95.1%, compared to 96.6% at the
end of the third quarter and 97.1% at 2011 year end. Investment volume in 2012
at Rail International was over $200 million, primarily for new tank cars in
Europe.

Additional current and historical fleet and operating data as well as
macroeconomic data related to Rail North America’s and Rail International’s
business can be found on the last page of this press release.

AMERICAN STEAMSHIP COMPANY

American Steamship Company (“ASC”) reported segment profit of $8.2 million in
the fourth quarter 2012 compared to $9.4 million in the fourth quarter 2011.
The decline in segment profit was due to lower volume carried as a result of
low water levels on the Great Lakes.

Segment profit for 2012 was $37.5 million compared to $27.3 million in 2011.
The increase in segment profit was the result of more tonnage moved at higher
rates and the absence of costs associated with a work stoppage in 2011. ASC
operated 14 of its 18 vessels, including the Articulated Tug Barge (“ATB”),
during the sailing season and transported 29.7 million net tons of cargo
compared to 28.4 million net tons carried in the prior year.

PORTFOLIO MANAGEMENT

Portfolio Management reported a segment loss of $1.4 million in the fourth
quarter of 2012 compared to segment profit of $16.6 million in the prior year
period. The decline in segment profit was primarily due to a $14.8 million
loss recognized in the fourth quarter of 2012 associated with the disposition
of GATX’s interest in Enerven Compression, LLC, a joint venture that was
engaged in leasing and maintaining assets in the natural gas compression
market.

For full-year 2012, Portfolio Management reported segment profit of $50.2
million compared to $47.6 million in 2011. Increased asset remarketing
activity contributed to the improvement in segment profit.

The Portfolio Management segment currently consists of approximately $797.4
million of owned assets and third-party managed portfolios totaling
approximately $143.2 million.

COMPANY DESCRIPTION

GATX Corporation (NYSE:GMT) strives to be recognized as the finest railcar
leasing company in the world by its customers, its shareholders, its employees
and the communities where it operates. Controlling one of the largest railcar
fleets in the world, GATX has been providing quality railcars and services to
its customers for 115 years. GATX has been headquartered in Chicago, Illinois
since its founding in 1898 and has traded on the New York Stock Exchange since
1916. For more information, visit the Company’s website at www.gatx.com.

TELECONFERENCE INFORMATION

GATX Corporation will host a teleconference to discuss 2012 fourth quarter and
full-year results. Teleconference details are as follows:

                           Thursday, January 24^th
                           11:00 A.M. Eastern Time 
                       Domestic Dial-In: 1-888-542-1086
                    International Dial-In: 1-719-325-2201
        Replay: 1-888-203-1112 or 1-719-457-0820 /Access Code: 3377946

Call-in details, a copy of this press release and real-time audio access are
available at www.gatx.com. Please access the call 15 minutes prior to the
start time. Following the call, a replay will be available on the same site.

FORWARD-LOOKING STATEMENTS

This document contains statements that may constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and are subject to the safe
harbor provisions of those sections and the Private Securities Litigation
Reform Act of 1995. Some of these statements may be identified by words like
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict,”
“project” or other similar words. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, including those described in GATX’s Annual
Report on Form 10-K for the year ended December 31, 2011 and other filings
with the SEC, and that actual results or developments may differ materially
from those in the forward-looking statements.

Specific factors that might cause actual results to differ from expectations
include, but are not limited to, (1) general economic, market, regulatory and
political conditions affecting the rail, marine and other industries served by
GATX and its customers; (2) competitive factors in GATX’s primary markets,
including lease pricing and asset availability; (3) lease rates, utilization
levels and operating costs in GATX’s primary operating segments; (4)
conditions in the capital markets or changes in GATX’s credit ratings and
financing costs; (5) risks related to compliance with, or changes to, laws,
rules and regulations applicable to GATX and its rail, marine and other
assets; (6) costs associated with maintenance initiatives; (7) operational and
financial risks associated with long-term railcar purchase commitments; (8)
changes in loss provision levels within GATX’s portfolio; (9) conditions
affecting certain assets, customers or regions where GATX has a large
investment; (10) impaired asset charges that may result from changing market
conditions or portfolio management decisions implemented by GATX; (11)
opportunities for remarketing income; (12) labor relations with unions
representing GATX employees; and (13) the outcome of pending or threatened
litigation.

Given these risks and uncertainties, readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect management’s
analysis, judgment, belief or expectation only as of the date hereof. GATX has
based these forward-looking statements on information currently available and
disclaims any intention or obligation to update or revise these
forward-looking statements to reflect subsequent events or circumstances.

Investor, corporate, financial, historical financial, photographic and news
release information may be found at www.gatx.com.

(1/24/13)

                              --Tabular Follows—


GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In Millions)

                            Three Months Ended     Twelve Months Ended
                             December 31             December 31
                             2012       2011        2012         2011
Revenues
Lease revenue                $ 234.4     $ 230.3     $ 917.0       $ 900.1
Marine operating revenue       79.4        81.9        265.5         230.0
Other revenue                 17.9      17.8      60.7        61.3    
Total Revenues                 331.7       330.0       1,243.2       1,191.4
                                                                   
Expenses
Maintenance expense            72.2        68.0        269.7         277.6
Marine operating expense       57.2        59.6        182.4         165.6
Depreciation                   61.5        59.2        237.4         226.5
Operating lease expense        33.6        32.4        130.2         132.0
Other operating expense        7.6         6.0         24.2          27.8
Selling, general and          44.6      43.0      160.2       155.3   
administrative
Total Expenses                 276.7       268.2       1,004.1       984.8
                                                                   
Other Income (Expense)
Net gain on asset              21.9        14.6        79.5          65.8
dispositions
Interest expense, net          (39.5 )     (42.0 )     (166.6  )     (168.9  )
Other                         (4.2  )    1.9       (8.2    )    4.1     
Total Other Income             (21.8 )     (25.5 )     (95.3   )     (99.0   )
(Expense)
                                                                   
Income before Income Taxes
and
                               33.2        36.3        143.8         107.6
Share of Affiliates’
Earnings
Income Tax (Provision)         (3.8  )     (7.2  )     (26.1   )     (29.2   )
Benefit
Share of Affiliates’          0.3       2.5       19.6        32.4    
Earnings (net of tax)
Net Income                   $ 29.7     $ 31.6     $ 137.3      $ 110.8   
                                                                   

GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In Millions, Except Per Share Data)

                                     Three Months Ended  Twelve Months Ended
                                      December 31          December 31
                                      2012       2011     2012       2011
Per Share Data
                                                                       
Basic                                 $  0.63     $ 0.68   $  2.93     $  2.39
                                                                       
Average number of common shares          46.9       46.5      46.8        46.4
                                                                       
                                                                       
Diluted                               $  0.62     $ 0.67   $  2.88     $  2.35
                                                                       
Average number of common shares and
common share equivalents                 47.7       47.4      47.6        47.2
                                                                       
Dividends declared per common share   $  0.30     $ 0.29   $  1.20     $  1.16
                                                                          

GATX CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In Millions)

                                                 December 31   December 31
                                                   2012           2011
                                                                  
Assets
                                                                  
Cash and Cash Equivalents                          $ 234.2        $ 248.4
Restricted Cash                                      29.7           35.2
                                                                  
Receivables
Rent and other receivables                           88.4           76.7
Loans                                                27.2           30.4
Finance leases                                       245.7          334.9
Less: allowance for losses                          (4.6     )    (11.8    )
                                                     356.7          430.2
                                                                  
Operating Assets and Facilities                      6,855.2        6,416.0
Less: allowance for depreciation                    (2,200.8 )    (2,056.7 )
                                                     4,654.4        4,359.3
                                                                  
Investments in Affiliated Companies                  502.0          513.8
Goodwill                                             91.7           90.5
Other Assets                                        186.7        180.1    
Total Assets                                       $ 6,055.4     $ 5,857.5  
                                                                  
Liabilities and Shareholders’ Equity
                                                                  
Accounts Payable and Accrued Expenses              $ 177.4        $ 135.6
                                                                  
Debt
Commercial paper and borrowings under bank           273.6          28.6
credit facilities
Recourse                                             3,152.4        3,354.8
Nonrecourse                                          130.6          149.4
Capital lease obligations                           11.3         14.3     
                                                     3,567.9        3,547.1
                                                                  
Deferred Income Taxes                                783.0          765.9
Other Liabilities                                   282.9        281.6    
Total Liabilities                                    4,811.2        4,730.2
Total Shareholders’ Equity                          1,244.2      1,127.3  
Total Liabilities and Shareholders’ Equity         $ 6,055.4     $ 5,857.5  
                                                                             

GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended December 31, 2012
(In Millions)

                                                Portfolio             GATX
                  Rail N.A.   Rail       ASC        Management   Other      Consolidated
                              Int’l
Revenues
Lease revenue     $ 182.0     $ 42.1     $ 1.1      $   9.2      $ -        $  234.4
Marine
operating           -           -          73.1         6.3        -           79.4
revenue
Other revenue      14.8      2.6      -          0.5      -         17.9   
Total Revenues      196.8       44.7       74.2         16.0       -           331.7
                                                                            
Expenses
Maintenance         53.3        12.0       6.9          -          -           72.2
expense
Marine
operating           -           -          51.7         5.5        -           57.2
expense
Depreciation        42.0        10.0       4.0          5.5        -           61.5
Operating lease     32.4        -          1.3          -          (0.1 )      33.6
expense
Other operating    4.9       1.1      -          1.6      -         7.6    
expense
Total Expenses      132.6       23.1       63.9         12.6       (0.1 )      232.1
                                                                            
Other Income
(Expense)
Net gain on
asset               18.9        (1.4 )     -            4.4        -           21.9
dispositions
Interest            (23.9 )     (5.5 )     (1.6 )       (7.1 )     (1.4 )      (39.5  )
expense, net
Other               (1.2  )     (2.8 )     (0.5 )       -          0.3         (4.2   )
Share of
affiliates’        1.8       (1.4 )    -          (2.1 )    -         (1.7   )
earnings
(pre-tax)
                                                                            
Segment profit    $ 59.8      $ 10.5     $ 8.2      $   (1.4 )   $ (1.0 )   $  76.1
(loss)
                                                                            
Selling,
general and                                                                    44.6
administrative
Income taxes (including $2.0 million of net benefits related to               1.8    
affiliates’ earnings)
Net Income                                                                  $  29.7
                                                                            
                                                                            
Selected Data:
                                                                            
Investment        $ 147.4     $ 74.7     $ 0.9      $   20.7     $ 2.9      $  246.6
Volume
                                                                                      
Net Gain on
Asset
Dispositions
Asset
Remarketing
Income:
Disposition
Gains on Owned    $ 4.7       $ -        $ -        $   0.6      $ -        $  5.3
Assets
Residual            11.2        -          -            4.5        -           15.7
Sharing Income
Non-remarketing
Disposition         3.3         0.9        -            -          -           4.2
Gains (a)
Asset              (0.3  )    (2.3 )    -          (0.7 )    -         (3.3   )
Impairment
Total Net Gain
on Asset          $ 18.9      $ (1.4 )   $ -        $   4.4      $ -        $  21.9
Dispositions
                                                                            
(a) Includes Scrapping Gains


GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Twelve Months Ended December 31, 2012
(In Millions)

                                                   Portfolio             GATX
                  Rail N.A.    Rail        ASC         Management   Other      Consolidated
                               Int’l
Revenues
Lease revenue     $ 713.9      $ 161.2     $ 4.3       $  37.6      $ -        $  917.0
Marine
operating           -            -           239.1        26.4        -           265.5
revenue
Other revenue      51.4       6.5       -          2.8       -         60.7    
Total Revenues      765.3        167.7       243.4        66.8        -           1,243.2
                                                                               
Expenses
Maintenance         201.4        46.6        21.7         -           -           269.7
expense
Marine
operating           -            -           160.3        22.1        -           182.4
expense
Depreciation        167.7        36.1        11.9         21.7        -           237.4
Operating lease     126.5        -           3.8          0.2         (0.3 )      130.2
expense
Other operating    18.5       5.1       (0.3  )     0.9       -         24.2    
expense
Total Expenses      514.1        87.8        197.4        44.9        (0.3 )      843.9
                                                                               
Other Income
(Expense)
Net gain on
asset               58.6         1.7         -            19.2        -           79.5
dispositions
Interest            (101.9 )     (24.5 )     (7.1  )      (27.7 )     (5.4 )      (166.6  )
expense, net
Other               (5.1   )     (6.1  )     (1.4  )      3.4         1.0         (8.2    )
Share of
affiliates’        6.5        (18.3 )    -          33.4      -         21.6    
earnings
(pre-tax)
                                                                               
Segment profit    $ 209.3      $ 32.7      $ 37.5      $  50.2      $ (4.1 )   $  325.6
(loss)
                                                                               
Selling,
general and                                                                       160.2
administrative
Income taxes
(including $2.0
million related                                                                  28.1    
to affiliates’
earnings)
Net Income                                                                     $  137.3
                                                                               
                                                                               
Selected Data:
                                                                               
Investment        $ 465.9      $ 200.1     $ 12.6      $  83.5      $ 7.9      $  770.0
Volume
                                                                                          
Net Gain on
Asset
Dispositions
Asset
Remarketing
Income:
Disposition
Gains on Owned    $ 32.8       $ -         $ -         $  9.9       $ -        $  42.7
Assets
Residual            12.9         -           -            9.7         -           22.6
Sharing Income
Non-remarketing
Disposition         14.4         4.8         -            -           -           19.2
Gains (a)
Asset              (1.5   )    (3.1  )    -          (0.4  )    -         (5.0    )
Impairment
Total Net Gain
on Asset          $ 58.6       $ 1.7       $ -         $  19.2      $ -        $  79.5
Dispositions
                                                                               
(a) Includes Scrapping Gains


GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Three Months Ended December 31, 2011
(In Millions)

                                                 Portfolio             GATX
                  Rail N.A.   Rail        ASC        Management   Other      Consolidated
                              Int’l
Revenues
Lease revenue     $ 179.4     $ 39.2      $ 1.1      $   10.6     $ -        $  230.3
Marine
operating           -           -           74.2         7.7        -           81.9
revenue
Other revenue      14.6      2.3       -          0.9      -         17.8   
Total Revenues      194.0       41.5        75.3         19.2       -           330.0
                                                                             
Expenses
Maintenance         48.0        12.8        7.2          -          -           68.0
expense
Marine
operating           -           -           53.1         6.5        -           59.6
expense
Depreciation        41.3        8.4         3.7          5.8        -           59.2
Operating lease     32.1        -           -            0.4        (0.1 )      32.4
expense
Other operating    4.0       1.0       -          0.9      0.1       6.0    
expense
Total Expenses      125.4       22.2        64.0         13.6       -           225.2
                                                                             
Other Income
(Expense)
Net gain on
asset               12.3        0.3         -            2.0        -           14.6
dispositions
Interest            (24.7 )     (6.3  )     (1.8 )       (7.8 )     (1.4 )      (42.0  )
expense, net
Other               (1.8  )     3.4         (0.1 )       1.1        (0.7 )      1.9
Share of
affiliates’        1.0       (10.0 )    -          15.7     -         6.7    
earnings
(pre-tax)
                                                                             
Segment profit    $ 55.4      $ 6.7       $ 9.4      $   16.6     $ (2.1 )   $  86.0
(loss)
                                                                             
Selling,
general and                                                                     43.0
administrative
Income taxes (including $4.2 million related to affiliates’ earnings)          11.4   
Net Income                                                                   $  31.6
                                                                             
                                                                             
Selected Data:
                                                                             
Investment        $ 83.1      $ 48.1      $ 1.5      $   20.6     $ 1.2      $  154.5
Volume
                                                                             
Net Gain on
Asset
Dispositions
Asset
Remarketing
Income:
Disposition
Gains on Owned    $ 5.5       $ (0.1  )   $ -        $   4.8      $ -        $  10.2
Assets
Residual            -           -           -            1.1        -           1.1
Sharing Income
Non-remarketing
Disposition         6.8         0.8         -            -          -           7.6
Gains (a)
Asset              -         (0.4  )    -          (3.9 )    -         (4.3   )
Impairment
Total Net Gain
on Asset          $ 12.3      $ 0.3       $ -        $   2.0      $ -        $  14.6
Dispositions
                                                                             
(a) Includes Scrapping Gains


GATX CORPORATION AND SUBSIDIARIES
SEGMENT DATA (UNAUDITED)
Twelve Months Ended December 31, 2011
(In Millions)

                                                   Portfolio             GATX
                  Rail N.A.    Rail        ASC         Management   Other      Consolidated
                               Int’l
Revenues
Lease revenue     $ 690.9      $ 160.5     $ 4.2       $  44.5      $ -        $  900.1
Marine
operating           -            -           212.2        17.8        -           230.0
revenue
Other revenue      51.5       7.8       -          2.0       -         61.3    
Total Revenues      742.4        168.3       216.4        64.3        -           1,191.4
                                                                               
Expenses
Maintenance         206.1        52.1        19.4         -           -           277.6
expense
Marine
operating           -            -           151.7        13.9        -           165.6
expense
Depreciation        162.5        33.6        11.3         19.1        -           226.5
Operating lease     130.9        -           -            1.4         (0.3 )      132.0
expense
Other operating    18.8       4.2       -          4.3       0.5       27.8    
expense
Total Expenses      518.3        89.9        182.4        38.7        0.2         829.5
                                                                               
Other Income
(Expense)
Net gain on
asset               52.1         -           1.1          12.6        -           65.8
dispositions
Interest            (101.7 )     (25.4 )     (7.7  )      (29.6 )     (4.5 )      (168.9  )
expense, net
Other               (5.7   )     7.2         (0.1  )      2.8         (0.1 )      4.1
Share of
affiliates’        3.9        0.5       -          36.2      -         40.6    
earnings
(pre-tax)
                                                                               
Segment profit    $ 172.7      $ 60.7      $ 27.3      $  47.6      $ (4.8 )   $  303.5
(loss)
                                                                               
Selling,
general and                                                                       155.3
administrative
Income taxes (including $8.2 million related to affiliates’ earnings)            37.4    
Net Income                                                                     $  110.8
                                                                               
                                                                               
Selected Data:
                                                                               
Investment        $ 280.5      $ 140.8     $ 17.4      $  172.0     $ 3.9      $  614.6
Volume
                                                                                          
Net Gain on
Asset
Dispositions
Asset
Remarketing
Income:
Disposition
Gains on Owned    $ 27.2       $ 0.1       $ 1.1       $  12.0      $ -        $  40.4
Assets
Residual            0.2          0.6         -            4.4         -           5.2
Sharing Income
Non-remarketing
Disposition         25.4         1.6         -            -           -           27.0
Gains (a)
Asset              (0.7   )    (2.3  )    -          (3.8  )    -         (6.8    )
Impairment
Total Net Gain
on Asset          $ 52.1       $ -         $ 1.1       $  12.6      $ -        $  65.8
Dispositions
                                                                               
(a) Includes
Scrapping Gains
                                                                               

GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(In Millions, Except Per Share Data)

Tax Adjustments and Other Items impact on Net Income:
                                                                 
                                 Three Months Ended      Twelve Months Ended
                                 December 31             December 31
                                 2012        2011        2012         2011
                                                                      
Tax adjustments (a)              $ 4.6       $ 4.8       $  24.0      $ 8.9
Other Items
Interest rate swaps at AAE (b)     (1.8  )     (9.6  )      (20.5 )     0.2
Litigation recoveries (c)          -           3.2          -           3.2
Leveraged lease adjustment (d)    -         3.5        -         3.5
Total impact on net income       $ 2.8      $ 1.9      $  3.5      $ 15.8
                                                                      
                                                                      
Tax Adjustments and Other Items impact on Diluted Earnings Per Share:
                                                                      
                                 Three Months Ended      Twelve Months Ended
                                 December 31             December 31
                                 2012        2011        2012         2011
                                                                      
Tax adjustments (a)              $ 0.10      $ 0.10      $  0.50      $ 0.19
Other Items
Interest rate swaps at AAE (b)     (0.04 )     (0.20 )      (0.43 )     -
Litigation recoveries (c)          -           0.07         -           0.07
Leveraged lease adjustment (d)    -         0.08       -         0.08
Total impact on net income       $ 0.06     $ 0.05     $  0.07     $ 0.34
                                                                        

______________________
Management believes that highlighting these items allows the reader to better
analyze ongoing operating results and trends.

     
        Includes the impact from the change of statutory tax rates in the
(a)     United Kingdom and Canada for GATX Corporation and certain affiliates,
        the favorable impact of closing certain IRS audits and matters, and
        the utilization of foreign tax credit carry-forwards.
        Realized and unrealized gains/losses recognized in connection with
(b)     certain interest rate swaps at AAE Cargo AG, an affiliate of Rail
        International.
(c)     The favorable resolution of certain litigation matters.
        Favorable adjustment to leveraged lease income attributable to changes
(d)     in the timing of taxable income based on the settlement of an IRS
        audit.
        

GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(In Millions, Except Leverage)
(Continued)

               12/31/2011   3/31/2012    6/30/2012    9/30/2012    12/31/2012
                                                                        
Assets by
Segment 
(includes
off-balance
sheet assets)
Rail North      $ 4,382.4     $ 4,315.1     $ 4,361.1     $ 4,340.6     $ 4,427.1
America
Rail              888.1         955.5         935.6         984.5         1,070.1
International
ASC               275.9         274.2         324.6         312.7         305.1
Portfolio         828.3         808.6         802.5         812.9         789.6
Management
Other            86.3        81.1        79.2        81.9        84.1    
Total Assets,
Excluding       $ 6,461.0    $ 6,434.5    $ 6,503.0    $ 6,532.6    $ 6,676.0 
Cash
                                                                        
                                                                        
Capital
Structure
Commercial
Paper and
Bank Credit
Facilities,
Net of
Unrestricted    $ (219.8  )   $ 35.0        $ (127.2  )   $ (214.5  )   $ 39.4
Cash
On Balance
Sheet             3,354.8       3,141.4       3,328.2       3,347.4       3,152.4
Recourse Debt
On Balance
Sheet             149.4         146.3         136.5         133.3         130.6
Nonrecourse
Debt
Off Balance
Sheet             714.2         646.3         678.9         706.1         730.1
Recourse Debt
Off Balance
Sheet             172.9         168.2         163.9         159.7         154.4
Nonrecourse
Debt
Capital Lease    14.3        13.2        12.5        11.3        11.3    
Obligations
Total
Borrowings,
Net of          $ 4,185.8    $ 4,150.4    $ 4,192.8    $ 4,143.3    $ 4,218.2 
Unrestricted
Cash
Total
Recourse Debt   $ 3,863.5     $ 3,835.9     $ 3,892.4     $ 3,850.3     $ 3,933.2
(a)
Shareholders’   $ 1,127.3     $ 1,175.5     $ 1,170.7     $ 1,225.4     $ 1,244.2
Equity
Recourse          3.4           3.3           3.3           3.1           3.2
Leverage (b)

______________________
(a) Total Recourse Debt = On Balance Sheet Recourse + Off Balance Sheet Recourse
+ Capital Lease Obligations + Commercial Paper and Bank Credit Facilities, Net of
Unrestricted Cash
(b) Recourse Leverage = Total Recourse Debt / Shareholders' Equity

Reconciliation of Total Assets to Total Assets (including off-balance sheet
assets), Excluding Cash:
Total Assets    $ 5,857.5     $ 5,792.9     $ 5,917.9     $ 6,125.1     $ 6,055.4
Less: Cash        (283.6  )     (172.9  )     (257.7  )     (458.3  )     (263.9  )
Add
Off-Balance
Sheet Assets:
Rail North        884.5         813.7         819.5         843.6         863.5
America
ASC               -             -             23.3          22.2          21.0
Portfolio        2.6         0.8         -           -           -       
Management
Total Assets,
Excluding       $ 6,461.0    $ 6,434.5    $ 6,503.0    $ 6,532.6    $ 6,676.0 
Cash
                                                                                  

GATX CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION (UNAUDITED)
(Continued)

                12/31/2011  3/31/2012   6/30/2012   9/30/2012   12/31/2012
                                                                     
Rail North
America
Statistics
(wholly-owned
fleet)
Lease Price
Index (LPI)
(a)
Average
Renewal Lease    13.2     %   19.2    %    23.9    %    26.4    %    32.3    %
Rate Change
Average
Renewal Term     48           55           59           59           65
(months)
                                                                     
Fleet
Rollforward
Beginning        109,091      109,070      109,116      109,187      109,162
Balance
Cars Added       972          1,223        1,385        858          1,106
Cars Scrapped    (696     )   (544    )    (591    )    (544    )    (366    )
Cars Sold        (297     )   (633    )    (723    )    (339    )    (351    )
Ending Balance   109,070      109,116      109,187      109,162      109,551
Utilization      98.2     %   98.5    %    98.3    %    98.2    %    97.9    %
Average Active   107,121      107,328      107,452      107,224      107,062
Railcars
                                                                     
Rail
International
Statistics
(wholly-owned
fleet)
Fleet
Rollforward
Beginning        20,828       20,927       21,064       21,209       21,314
Balance
Cars Added       368          304          273          355          650
Cars             (269     )   (167    )    (128    )    (250    )    (124    )
Scrapped/Sold
Ending Balance   20,927       21,064       21,209       21,314       21,840
Utilization      97.1     %   96.7    %    96.3    %    96.6    %    95.1    %
Average Active   20,112       20,356       20,386       20,490       20,635
Railcars
                                                                     
Rail Industry
Statistics
Manufacturing
Capacity         78.3     %   78.4    %    78.8    %    78.4    %    78.8    %
Utilization
Index (b)
Year-over-year
Change in U.S.
Carloadings      2.2      %   (2.5    )%   (2.9    )%   (2.5    )%   (3.1    )%
(total, excl.
intermodal)
(c)
Year-over-year
Change in U.S.   3.4      %   (1.3    )%   (1.2    )%   (1.1    )%   (0.8    )%
Carloadings
(chemical) (c)
Year-over-year
Change in U.S.
Carloadings      11.1     %   28.4    %    38.2    %    42.6    %    46.3    %
(petroleum
products) (c)
Production
Backlog at
Railcar          64,575       60,191       58,674       61,400       60,244
Manufacturers
(d)
                                                                     
American
Steamship
Company (ASC)
Statistics
Total Net Tons
Carried          9.7          1.3          9.2          10.4         8.8
(millions)
                                                                     

______________________
        LPI is an internally generated business indicator that measures
        general lease rate pricing on renewals within GATX's North American
        rail fleet. The index reflects the weighted average lease rate for a
        select group of railcar types that GATX believes to be representative
(a)   of its overall North American fleet. The average renewal lease rate
        change reflects the percentage change between the weighted average
        renewal lease rate and the weighted average expiring lease rate for
        railcars in the LPI. The average renewal term reflects the weighted
        average renewal lease term in months for railcars in the LPI.
(b)     As reported and revised by the Federal Reserve.
(c)     As reported by the Association of American Railroads (AAR).
(d)     As reported by the Railway Supply Institute (RSI).

Contact:

GATX Corporation
Jennifer Van Aken, 312-621-6689
jennifer.vanaken@gatx.com
 
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