Exhibit 99.1

Investor Presentation October 2018

How to Find Us Moving Infrastructure Forward — Investor Presentation, October 2018 2 Investor ContactInvestorResources@arcosa.com NYSE tickerACA Our websitewww.arcosa.com HeadquartersArcosa, Inc.500 North Akard StreetDallas, Tx 75201

Moving Infrastructure Forward — Investor Presentation, October 2018 3 1:00 - 1:05 Introduction: Gail Peck, SVP, Finance & Treasurer1:05 -1:25 Opening Remarks & Strategic Roadmap: Antonio Carrillo, President & CEO1:25 - 1:45 Construction Products Overview: Reid Essl, President, Construction Products1:45 - 2:05 Energy Equipment Overview: Kerry Cole, President, Energy Equipment2:05 - 2:25 Transportation Products Overview: Jess Collins, President, Transportation Products2:25 - 2:40 Financial Overview and Capital Allocation: Scott Beasley, CFO2:40 - 2:50 Closing Remarks: Antonio Carrillo, President & CEO2:50 - 3:30 Q&A3:30 Breakout Sessions Agenda

Today’s presenters Moving Infrastructure Forward — Investor Presentation, October 2018 4 Antonio Carrillo Reid Essl Kerry Cole Jess Collins Scott Beasley President & Chief Executive Officer President, Construction Products President, Energy Equipment President, Transportation Products Chief Financial Officer

Forward Looking Statements Moving Infrastructure Forward — Investor Presentation, October 2018 5 Some statements in this presentation, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Arcosa’s estimates, expectations, beliefs, intentions or strategies for the future, and the assumptions underlying these forward-looking statements, including, but not limited to, statements about the anticipated separation of Trinity Industries, Inc. (NYSE: TRN) into two separate public companies, the expected timetable for completing the spin-off transaction, whether or not the spin-off transaction occurs, future financial and operating performance of each company, benefits and synergies of the spin-off transaction, strategic and competitive advantages of each company, future opportunities for each company and any other statements regarding events or developments that Arcosa believes or anticipates will or may occur in the future. Arcosa uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “outlook,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this presentation, and, except as required by federal securities laws, Arcosa expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Arcosa’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. There is no assurance that the proposed spin-off transaction will be completed, that the Trinity’s Board of Directors will continue to pursue the proposed spin-off transaction (even if there are no impediments to completion), that Trinity will be able to separate its businesses, or that the proposed spin-off transaction will be the most beneficial alternative considered. Forward looking statements involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to risks and uncertainties regarding economic, competitive, governmental, and technological factors affecting Trinity’s or Arcosa’s operations, markets, products, services and prices, as well as any changes in or abandonment of the proposed separation or the ability to effect the separation and satisfy the conditions to the proposed separation, and such forward-looking statements are not guarantees of future performance. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and “Forward-Looking Statements” in Arcosa’s Form 10 filing and Trinity’s Annual Report on Form 10-K for the most recent fiscal year, and as may be revised and updated by Trinity’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Agenda Company overview and strategic roadmapBusiness segment highlightsFinancial overview and capital allocation strategyLeadership team Moving Infrastructure Forward — Investor Presentation, October 2018 6

Enhances Focus of Each Company Arcosa to focus on growing market opportunities in infrastructure spendingTrinity Industries to operate integrated rail leasing, manufacturing, and services business Moving Infrastructure Forward — Investor Presentation, October 2018 7 Enables Each Company to Optimize Capital Structure Enables Arcosa and Trinity to Pursue Distinct Growth Strategies Strategic Rationale For the separation of Arcosa from Trinity Industries

Moving Infrastructure Forward — Investor Presentation, October 2018 8 $182MEBITDA ~$200MCash at spin, with no material debt $1.4BRevenue Arcosa By the Numbers A new public company with an established operating history and financial flexibility ~40Operating Locations across N. America $119MOperating Profit 85+Years of Operating History Note: Revenue, Operating Profit, and EBITDA are LTM 06/30/2018. See EBITDA reconciliation in Appendix

Established businesses with additional potential to thrive in Arcosa’s new structure Moving Infrastructure Forward — Investor Presentation, October 2018 9 Revenue Note: Revenue is LTM 06/30/2018 $785M ENERGY WIND TOWERS UTILITY STRUCTURES STORAGE TANKS $353M COMPONENTS BARGES TRANSPORTATION CONSTRUCTION $288M AGGREGATES SPECIALTY MATERIALS CONSTRUCTION SITE SUPPORT Markets

Moving Infrastructure Forward — Investor Presentation, October 2018 10 Investment Case Stage 1 plan underway to execute on our long term vision Established businesses with additional potential to thrive in Arcosa’s new structure Barge recovery to provide near term growth Experienced leadership team with a common vision Expected Revenue and EBITDA growth in 2019 Broad infrastructure market exposure creates opportunities for growth and strategic optionality

Moving Infrastructure Forward — Investor Presentation, October 2018 11 Long term vision for Arcosa Improve returns on invested capital Grow in attractive markets where we can achieve sustainable competitive advantages Reduce the complexity and cyclicality of the overall business

Stage 1 Priorities Moving Infrastructure Forward — Investor Presentation, October 2018 12 Grow Construction Products organically and through acquisitions Expand Transport-ation Products organically as barge and rail markets recover Improve Energy Equipment’s operational performance while pursuing disciplined growth Operate a flat and responsive corporate structure

Broad infrastructure market exposure creates growth opportunities across construction, energy, and transportation Moving Infrastructure Forward — Investor Presentation, October 2018 13 Sources: American Society of Civil Engineers, Oxford Economics Recent estimates suggest that improving U.S. infrastructure to an “adequate state” requires a total investment of approximately $4.6 trillion from 2016 to 2025 Replacement of aging infrastructure Long-term population growth in key Southwest geographies is expected to exceed U.S. growth ratesAdditionally, population growth in Mexico and other Latin American countries is expected to positively impact future infrastructure spending New infrastructure spending to meet population growth Shifting trends in the global energy landscape expected to benefit Arcosa, including:Increased adoption of renewablesIncreased U.S. oil & gas production, driven by shale basins Changing energy landscape Early signs of recovery in barge and rail marketsArcosa is well-positioned to benefit from a market recovery in these areas Recovery in key transportation markets Go to Marine

A separation that provides the foundation for a strong future Moving Infrastructure Forward — Investor Presentation, October 2018 14 Liquidity to fund growth opportunities Healthy balance sheet ~$200M of cash, plus expect $400M revolving credit facilityHealthy free cash flow and relatively light capital intensity No material debt at time of spinNo material contingent liabilities Independent structure Trinity to distribute 100% of shares to Trinity shareholdersNo overlapping directorsNew headquarters Note: Free cash flow defined as cash provided by operating activities less capex

Grow Construction Products Stage 1 Priorities Moving Infrastructure Forward — Investor Presentation, October 2018 15 Actions completed or underway Improve Energy Equipment Expand Transportation Products Operate a flat corporate structure Pursuing pipeline of acquisitions across aggregates, specialty materials, and construction site support Outsourced certain corporate functions as part of separationStreamlined corporate structure to reduce layers Extending Continuous Improvement program from Wind Towers to rest of Energy EquipmentIn process of divesting certain businesses in “Other” Energy Equipment Preparing barge plants for increased production in 2019, including potential re-opening of idle plantsExpanding components business to new customers and markets 2019 EBITDA guidance of $180-195M See EBITDA reconciliation included in Appendix for reconciliation to 2019 Net Income range of $81-89M

Agenda Company overview and strategic roadmapBusiness segment highlightsFinancial overview and capital allocation strategyLeadership team 16 Moving Infrastructure Forward — Investor Presentation, October 2018

CONSTRUCTION PRODUCTS

Long term demand drivers are positive across the segmentOur businesses have competitive advantages in compelling markets that lead to attractive margins and returnsCompetitive pricing in certain products can be mitigated over time by margin expansion potential in othersFragmented markets with significant consolidation and acquisition opportunities Construction Products Summary Moving Infrastructure Forward — Investor Presentation, October 2018 18

Construction Products Segment Overview Key Figures REVENUE ProductS by product type ($M) Natural sand, gravel and limestone base Shale & clay expanded and hardened in a rotary kiln Steel & aluminum trench shoring products and systems $288M Revenue 26% Adjusted EBITDA Margin $30B+ Estimated annual market size $*(*) AGGREGATES SPECIALTY MATERIALS CONSTRUCTION SITE SUPPORT 217(75%) Aggregates andspecialty materials Constructionsite support 71(25%) Note: Aggregates and Specialty Materials grouped as “Construction Aggregates” in Financials. Construction Site Support classified as “Other”. See Adjusted EBITDA reconciliation in Appendix to reconcile Adjusted EBITDA margin with Operating Profit margin of 19%. (LTM 6/30/18) Moving Infrastructure Forward — Investor Presentation, October 2018 19

Moving Infrastructure Forward — Investor Presentation, October 2018 20 Key private demand drivers Key public demand drivers Construction Products Market Outlook Long term demand drivers across the segment are positive, driven by both private and public demand Public highway spendingMulti-year federal transportation bill (FAST Act)State-level fundingPublic non-residential constructionPublic awareness of need to invest in infrastructure, driven by unsustainably low public investment in infrastructure Residential / Commercial / Industrial construction activity driven by:Population growthHousehold income and wage growthRegulatory / safety compliancePipeline construction to meet growing domestic oil and gas production

Aggregates Overview Aggregates business operates in favorable Texas and Gulf Coast markets, with opportunities to expand in this fragmented industry Population and GDP growth in the “Texas Triangle” projected to outpace the national average from 2018-2025Texas Department of Transportation’s (TXDOT) Unified Transportation Plan anticipates $75 billion in infrastructure spending over the next 10 yearsAppealing attributes have brought additional competition and supply Dallas-Ft Worth market Houston-Gulf Coast market Central Texas market Operate 11 locations across 3 importantmarkets in Texas and the Gulf Coast Attractive market fundamentals in Texas and Gulf Coast markets Source: Oxford Economics, TXDOT UTP (2019) Moving Infrastructure Forward — Investor Presentation, October 2018 21

Aggregates Competitive Advantages We have developed a number of competitive advantages that help us generate strong returns Strategically located reserves in fast growing Texas & Gulf Coast markets Deep customer relationships with major concrete producers & construction companies Intimate knowledge of land and operating companies in our markets Operating expertise in mining and processing materials Regional production scale Track record of organic and acquisition growth AGGREGATES Moving Infrastructure Forward — Investor Presentation, October 2018 22

Full time geology team working to identify and acquire natural aggregate reservesFlexibility to acquire raw land when reserves offer more value than buying operating companiesExpertise in creating mining plans and constructing aggregates plants Aggregates Growth Opportunities The aggregates business has attractive growth opportunities Our relationships and operating experience lead to a pipeline of operating company opportunities We also pursue reserve acquisitions to build strategic advantages $23B aggregates market size in the U.S.More than 5,500 producers manage ~10,000 operations~60% of aggregate plants are privately-heldThe 20 largest sand and gravel producers represent only ~30% of U.S. production Arcosa’s team has been operating in Texas since the early 1990sRelationships with privately-held operating companies in and adjacent to our key markets Sources: NSSGA, USGS Fragmented industry creates opportunities Moving Infrastructure Forward — Investor Presentation, October 2018 23

Specialty Materials Overview Specialty lightweight aggregates business has geographic and end market diversity We operate 7 lightweight aggregate locations across the United States Road and bridge construction Residential/ commercial Environmental / Horticulture Other specialty markets Nationwide Footprint Diverse End Markets Moving Infrastructure Forward — Investor Presentation, October 2018 24 Pre-cast products, stone veneer, rooftile, baseball infield conditioner

Lightweight Aggregates Competitive Advantages Our competitive advantages help us serve customers and generate strong returns Nationwide footprint to cost-effectively serve customers across the country Specialized technical sales force to work with customers on lightweight material applications Proven acquisition and integration expertise Processing expertise in critical rotary kiln operations Reserves in close proximity to processing plants LIGHTWEIGHTAGGREGATES Moving Infrastructure Forward — Investor Presentation, October 2018 25

Specialty Materials Growth Opportunities We see attractive acquisition opportunities to expand our specialty materials platform Value-Added Processing Diverse or Specialized End Markets Specialty Materials > $4 Billion Market Opportunity Mining of Unique Materials Moving Infrastructure Forward — Investor Presentation, October 2018 26 Source: Private 3rd Party Data

Asset swap for multiple lightweight aggregates operating plants Acquisition of multiple lightweight aggregates operating plants Acquisition of multiple lightweight aggregates operating plants Aggregates and Specialty Materials Growth Moving Infrastructure Forward — Investor Presentation, October 2018 27 Track record of disciplined acquisitions to expand aggregates and specialty materials platforms 2016 2012 2014 2013 2015 2017 LTM06/30/2018 Combined Aggregates and Specialty Materials Revenue$ Millions Source: Arcosa financials (2015-LTM 6/18); Trinity financials (2012-2014)

Construction Site Support Overview Trench shoring is a growing platform, driven by nationwide infrastructure spending and regulatory and safety standards Diverse Product Portfolio Shoring products apply pressure to the walls of a trench or hole Increasing focus on worker safety and OSHA compliance Growing End Markets Road and bridge construction Water and sewer construction Utility construction (Gas / Electric) Pipeline construction & inspection Moving Infrastructure Forward — Investor Presentation, October 2018 28

Trench Shoring Competitive Advantages Our trench shoring business has a number of competitive advantages that help us serve customers Industry-leading manufacturing capacity Manufacturing experience to meet stringent job site requirements Reputation for innovation Track record of value-creating acquisitions Deep customer relationships Technical expertise for unique projects SHORING Moving Infrastructure Forward — Investor Presentation, October 2018 29

Trench Shoring Products Growth Opportunities We have built a platform in construction site support, and have attractive growth opportunities 2017 Future Growth 2012 CONSTRUCTIONSITE SUPPORT Potential areas of growthOrganic investments to expand geographic reachAdditional bolt-on acquisitions Companies that expand our product offering and end markets servedCompanies that grow our geographic reach Moving Infrastructure Forward — Investor Presentation, October 2018 30 Initial acquisition of 2 market-leading brands in the trench shoring industry Acquisition of additional trench shoring manufacturer

Three well-established business units serving the construction industryBalanced product portfolio with organic growth potential through product adjacencies and geographical expansionFragmented market with significant consolidation and acquisition opportunities in aggregates and specialty materials Construction Products Summary Moving Infrastructure Forward — Investor Presentation, October 2018 31 Grow Construction Products

ENERGYEQUIPMENT

Energy Equipment Summary Moving Infrastructure Forward — Investor Presentation, October 2018 33 Dynamic energy landscape with varied trends across our product linesCompetitive manufacturing and sourcing advantages give us foundation for growthStage 1 priorities focused on margin improvementExtending continuous improvement program from Wind Towers to rest of Energy EquipmentIn process of divesting certain businesses in “Other” Energy EquipmentRealigned management teamPlatforms provide acquisition opportunities

Energy Equipment Segment Overview Moving Infrastructure Forward — Investor Presentation, October 2018 34 WIND TOWERS UTILITY STRUCTURES RESIDENTIAL/COMMERCIAL/AGRICULTURAL STORAGE INDUSTRIAL SCALE & FIELD ERECTED STORAGE 585(75%) Utility structuresand wind towers 200(25%) Storage tanks and other See Adjusted EBITDA reconciliation in Appendix to reconcile to Operating Profit Margin of 8% Storage $785M Revenue 12% Adjusted EBITDA Margin Key figures Revenue Products by product type ($M) (LTM 6/30/18) $780M Backlog in Utility Structuresand Wind Towers as of 06/30/18

Energy Equipment Segment Overview Footprint Value proposition Wind towers Utility structures Storage tanks 4 manufacturing plants currently producing wind towers in US and Mexico 6 manufacturing plants currently producing utility structures in US and Mexico 3 manufacturing locations producing energy storage products in US and Mexico A leading manufacturer of wind towers in North America, having produced >12,000 towers Low cost manufacturing platform dedicated to operational excellenceLong-term relationships with industry leadersStrong relationships with steel millsISO 9001:2015 A leading provider of engineered, tubular and lattice steel structures for electricity transmission and distributionOriginal pioneer of tubular steel transmission structures, known for long history of innovationExperienced engineering team supported by proprietary software and a full-scale testing facilityHighly valued alliances with leading utility customersISO 9001:2015 Reputation for quality built on decades of serviceAccess to Mexico manufacturing platformFlexible platform to respond to different types of storage needsISO 9001:2015 Moving Infrastructure Forward — Investor Presentation, October 2018 35

Moving Infrastructure Forward — Investor Presentation, October 2018 36 Premier steel sourcing capabilities Engineering expertise Continuous Improvement Program in Wind Towers, expanding to rest of Energy Equipment Low cost manufacturing platform in the US and Mexico Manufacturing flexibility and broad product lines Long term customer relationships ENERGYEQUIPMENT Energy Equipment Competitive Advantages Our energy equipment businesses have competitive advantages that position us well to take advantage of the dynamic market

Dynamic energy landscape with varied trends across our product lines Long term potential of new technologies to shift the current transmission and distribution model Fundamentals of the power transmission industry remain positive, driven by reliability, renewables, and reducing congestion Abundance of low-cost natural gas in the US changing energy flows and petrochemical investments Renewable power generation growth expected to remain strong in the medium term and become a more market driven business in the long term Moving Infrastructure Forward — Investor Presentation, October 2018 37

Wind Power Market Outlook Moving Infrastructure Forward — Investor Presentation, October 2018 38 Wind is projected to be competitive on an unsubsidized basis in 22 states by 2022 … …resulting in a market driven business model Source: MAKE Consulting (2017 North America Wind Power Outlook) Industry forecasts show drop in wind power installations in 2021, as the 2015 extension of the US Production Tax Credit begins to phase outMagnitude of the projected drop is uncertain, and depends on a number of factors, including:Levelized cost of energy vs. other sources of generation, particularly natural gas and solarRenewable Energy Standards at the US state levelFederal climate change policySpeed of coal plant retirementsOverall load growthForeign tower importsFuture US offshore market Wind power is already competitive in the regions that we serve

Moving Infrastructure Forward — Investor Presentation, October 2018 39 Storage tanks for gas and liquids, including:Liquefied petroleum gasesNatural gas liquidsCO2NitrogenAnhydrous ammonia (NH3)ChlorineRefrigerant gases Pressurized storage spheresField-erected API storage tanks LPG bobtailsLarge truck transports Aboveground and underground propane tanksVertical tanks and cylinders RESIDENTIAL / COMMERCIAL / AGRICULTURAL STORAGE Industrial-scale Storage Field-erected storage Mobile storage and transportation Storage Tank Market Outlook Storage tanks serve a diverse group of markets, with higher growth potential in industrial and field-erected storage

Customized tubular steel structures for transmission lines from 69kV to 765kV voltages; highest level of engineering Tubular steel alternative to transmission class, wood poles Structures used for the highest voltages, as a lower cost solution when there are less stringent right-of-way requirements Tapered tubular structures designed for medium and high-voltage transmission Moving Infrastructure Forward — Investor Presentation, October 2018 40 Engineered Poles Light duty poles (pre-engineered) Lattice towers Substation structures Utility Structures Overview Our broad product portfolio and experienced engineering team enable us to meet a wide variety of customer needs

Reliability, renewables, and reducing congestion continue to drive transmission investment… …and industry forecasts point towards robust spending in the next several years Other Reliability Renewables integration Economics/congestion 1% 13% Source: NERC Long Term Reliability Assessment (2017) Source: C3 Group (2018); projections from 2019-2022 tend to have upward revisions as projects are confirmed Moving Infrastructure Forward — Investor Presentation, October 2018 41 Utility Structures Market Outlook Fundamentals of the power transmission industry remain positive 32 2010 2009 2008 2011 2012 2013 2014 2015 2016 2017 2018 2019 31 2020 31 2021 2022 15 16 18 19 24 29 30 30 31 30 30 30 Total U.S. and Canada Electric Transmission: Reported Capital Expenditures$ Billions Actual Forecast Primary Drivers for New Transmission Projects

Top Level Matrix Second Level Matrix Bowling Chart Action Plans Operating KPI’s Countermeasures Continuous Improvement Program We are expanding our lean successes from Wind Towers to the rest of Energy Equipment to improve performance Moving Infrastructure Forward — Investor Presentation, October 2018 42 We implemented our continuous improvement program in Wind Towers in 2013… Increased plant capacity by more than 30% Achieved customer on-time delivery of 100% Achieved zero-dollar warranty cost by 2017Reduced days away, restricted or transferred (DART) by more than 70% …the program has produced solid improvements… Wind Towers (2013)Utility Structures (First Half 2018)Storage Tanks (Second Half 2018) …and we are expanding the program to the rest of Energy Equipment

Moving Infrastructure Forward — Investor Presentation, October 2018 43 Maintain manufacturing flexibility to address future market dynamics and product expansion Monitor opportunities for US offshore wind market Margin growth through Continuous Improvement initiatives Pursue organic growth and bolt-on acquisition opportunities Monitor new technologies and trends that could shift the current transmission model Build on current strong alliances with leading utilities and customers ENERGYEQUIPMENT Strategic Focus for Energy Equipment

Our competitive advantages provide foundation for long term growthStage 1 plans already in process to improve marginsDynamic energy landscape generates opportunities for disciplined organic and acquisition growth Summary Moving Infrastructure Forward — Investor Presentation, October 2018 44 Improve Energy Equipment

TRANSPORTATIONPRODUCTS

Market leadership in barge and rail markets that are critical to infrastructureBusinesses with competitive advantages that produce healthy cash flow and deliver strong returnsBarge recovery to provide growth in the near termAdditional growth opportunities by expanding product lines Transportation Products Summary Moving Infrastructure Forward — Investor Presentation, October 2018 46

Transportation Products Segment Established brands and products primed for growth astransportation markets recover $353M Revenue 16% Adjusted EBITDA Margin $5B+ Estimated annual market size TANK BARGES HOPPER BARGES RAILCAR AXLES RAILCAR COUPLING DEVICES FIBERGLASS COVERS 217(62%) Components 136(38%) Barges Key Figures REVENUE ProductS by product type ($M) (LTM 6/30/18) Moving Infrastructure Forward — Investor Presentation, October 2018 47 INDUSTRIAL & MINING COMPONENTS $198M Backlog in Barges as of 06/30/18 See Adjusted EBITDA reconciliation in Appendix to reconcile with Operating Profit Margin of 11%

Industry-leading inland barge manufacturing capacity, with proven ability to operate in cyclical marketsFlexibility to shift between barge typesLong-term relationships with leading barge operatorsStrong relationships with steel millsAlso provide fiberglass barge covers and a full line of deck hardware to the marine industry 4 manufacturing facilities along the inland river system, plus additional barge cover facilities Transportation Products Operating Overview Value proposition Footprint COMPONENTS BARGES A leading manufacturer of steel components for rail transportation. Primary product lines include railcar coupling devices, railcar axles, and circular forgingsModernized foundries in the US, with global sourcing capabilities to supplement production Specialized intellectual propertyCapacity to serve rail and industrial markets throughout cycles 3 manufacturing facilities in the United States Moving Infrastructure Forward — Investor Presentation, October 2018 48

Axles for freight, tank, and passenger railcarsCrane wheelsIndustrial wheelsGear blanks Railcar couplers and related productsIndustrial and mining castings FORGINGS Primary Products Brands CASTINGS Moving Infrastructure Forward — Investor Presentation, October 2018 49 Components Overview Arcosa’s components businesses are market leaders with well-established products and reputations McConway & Torley End markets New railcar marketMaintenance railcar marketMining and industrial markets New railcar marketMaintenance railcar marketMining and industrial markets

Modernized foundries in U.S. Dedicated forging equipment Global sourcing capabilities Specialized intellectual property Capacity to serve rail and industrial markets through cycles Long term sales agreements with TrinityRail COMPONENTS Moving Infrastructure Forward — Investor Presentation, October 2018 50 Components Competitive Advantages Our components businesses have unique capabilities to deliver value to customers

Long term sales agreements with TrinityRail provide production visibility and time to grow new customer baseAgreements with TrinityRail have an annual market pricing mechanism 2019 pricing will be lower than 2018, based on current competitive environmentPricing will be negotiated annuallyEmerging recovery in rail market volume will help mitigate pricing pressure Moving Infrastructure Forward — Investor Presentation, October 2018 51 Long term Sales Agreements with TrinityRail Agreements provide production visibility and time to grow new customer base

Marine Hardware and Fiberglass covers Primary Products Tank barges Moving Infrastructure Forward — Investor Presentation, October 2018 52 Barge Overview Arcosa is an industry leader in barge manufacturing, fiberglass barge covers, and marine hardware Primary end markets Refined productsPetrochemicals and ChemicalsCrude oilAgriculture HatchesWinchesCastingsFiberglass barge covers New equipment and maintenance for the marine market: Barges, Towboats, Dock facilities Hopper barges Food and farm productsCoal and coal cokeSand, gravel, and other construction products

Mississippi River System Columbia River System Gulf Intracoastal Waterway Atlantic Intracoastal Waterway Other waterways Pittsburgh St. Louis New Orleans Minneapolis Houston Chicago Kansas City Cincinnati Columbus Knoxville Portland Tulsa Atlanta New York City San Francisco Miami Washington D.C. Shreveport Buffalo Jones Act requires barges to be manufactured in the U.S. 14% of all domestic freight moves on the inland waterway systemWaterways transport:~60% of the nation’s grain exports~22% of domestic petroleum and petroleum products~20% of the coal used in electricity generation Inland marine transportation has valuable fuel efficiency and environmental advantages over truck and rail Sources: American Society of Civil Engineers 2017 Infrastructure Report Card, Texas Transportation Institute (Jan 2017) Moving Infrastructure Forward — Investor Presentation, October 2018 53 Barge Market Overview The inland waterway system is a critical part of the country’s infrastructure

Liquid cargo transported by inland barge, by commodity (%) Dry cargo transported by inland barge, by commodity (%) Coal and Coal Coke Food and Farm Products Sand, Gravel, Stone,And Other ManufacturedGoods / Other Iron / Ores / Scrap Sources: US Corps of Engineers (2016-2017), Informa Economics Total hopper barge fleet: 18,819 bargesAverage age: 14.6 yearsRecent softness from oversupply of dry barges, but replacement demand as fleet continues to age Total fleet: 3,617 bargesAverage age: 14.7 yearsStrong demand for liquid barges in last 6 months across wide variety of commodity types Moving Infrastructure Forward — Investor Presentation, October 2018 54 Barge Market Overview Inland barges serve a diverse set of commodity markets 1% Petrochemicalsand Chemicals Black Oil Refined Products Agricultural

Industry-leading manufacturing capacity Flexibility to shift between barge types Manufacturing experience to meet stringent job site requirements Premier steel sourcing capabilities Longstanding relationships with leading barge operators Experience managing through cycles MARINE Moving Infrastructure Forward — Investor Presentation, October 2018 55 Barge Competitive Advantages Our barge business has a number of competitive advantages that help generate strong cash flow and returns on capital

Moving Infrastructure Forward — Investor Presentation, October 2018 56 2016 2013 2015 2010 2012 2011 2014 2017 2018(P) Revenue Adjusted EBITDA Inland Barge business$ Millions Healthy returns on capital over the cycle, as Adj. EBITDA / Assets averaged 62% from 2010-2017Even in the significant downturn over the last several years, this business remained profitable Barge Overview Since 2010, our barge business has averaged ~$470M in revenue; even in the downturn, operating profit has been positive Source: Trinity financials for all historical periods. 2018 Projections based on 07/26/18 Trinity Guidance. See Adjusted EBITDA reconciliation in Appendix Back

Inland Barge businessBook to Bill ratio ($ Value of Orders Signed: $ Value of Orders Produced) 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 1 Backlog Growing Backlog Shrinking Moving Infrastructure Forward — Investor Presentation, October 2018 57 Barge Market Outlook Orders in the first half of 2018 have been strong, leading to expectations of significantly improved 2019 3 out of last 4 quarters have had book to bill ratio significantly higher than 1.0Inquiry levels continue to be strong, particularly for tank bargesDefined growth plan to re-open idle facilities if strong demand continues Source: Trinity financials for all periods

Leadership positions in products critical to transportation infrastructureFlexible manufacturing capacity to shift rapidly to changes in demand and earn profits even in major downturnsStage 1 priorities underway Growth plan to re-open idle barge facilities if strong demand continuesExpand components business to new customers and marketsAdditional organic and acquisition growth opportunities Summary Moving Infrastructure Forward — Investor Presentation, October 2018 58 Expand Transportation Products

Agenda Company overview and strategic roadmapBusiness segment highlightsFinancial overview and capital allocation strategyLeadership team 59 Moving Infrastructure Forward — Investor Presentation, October 2018

Moving Infrastructure Forward — Investor Presentation, October 2018 60 Financial overview Key messages Higher revenue and EBITDA expected in 2019 Liquidity and balance sheet capacity to fund growth Disciplined capital allocation process Lean operating model, with focus on improving ROIC

Revenue ($M’s) 2017 1,421 2015 1,704 LTM 6/30/18 2016 2019P 1,462 2,140 1,550-1,650 2019 Guidance Overall EBITDA expected to be higher in 2019 than 2018, driven by barge recovery and operating improvements EBITDA ($M’s) 2019P 2016 377 2015 196 2017 LTM 6/30/18 263 182 180-195 Energy Equipment Transportation Products Corporate/ Other Construction Products Moving Infrastructure Forward — Investor Presentation, October 2018 61 See EBITDA reconciliation included in Appendix for reconciliation to 2019 Net Income range of $81-89M

Positives from 2018 Challenges from 2018 Moving Infrastructure Forward — Investor Presentation, October 2018 62 2019 Guidance We expect EBITDA of $180-195M in 2019 2019 revenue guidance: $1,550-1,650M2019 EBITDA guidance: $180-195M $10-15M of incremental public company costs (will be in corporate costs)Lower margin in Components, due to 2019 market pricing in sales agreement with TrinityRail Barge recovery expected to result in higher revenue and operating marginEnergy Equipment improvementsPlanned exit of certain businesses in “Other” Energy Equipment Continuous improvement programContinued strength in Construction Products See EBITDA reconciliation included in Appendix for reconciliation to 2019 Net Income range of $81-89M

Liquidity and balance sheet capacity to pursue growth Moving Infrastructure Forward — Investor Presentation, October 2018 63 Strong Available LiquidityPosition ~$200M of cash expected at separationNo material outstanding debt anticipated at time of separationUnencumbered balance sheet 5-YearCredit Facility $400M five-year credit facility expectedLender group to be comprised of leading relationship banks Appropriate Use of Leverage Long term target leverage of 2.0 – 2.5x Net Debt to EBITDA, implying $400-500M of capacity Note: Net debt defined as Total Debt minus Cash

64 Moving Infrastructure Forward — Investor Presentation, October 2018 Industrial peers net leverageNet debt / LTM EBITDA Median: 2.3x * * * Source: Company filings and FactSet as of 09/10/2018Notes: Net leverage defined as Net debt / LTM EBITDA as of 6/30/2018; Comparable companies include 18 publicly-traded companies in the construction, energy, and transportation markets No leverage at spin dateAnticipate target long term leverage of 2.0 – 2.5x Net Debt to EBITDAPotential for temporary spikes to pursue strategic platform acquisitions Long Term Capital Structure Over the long term, Arcosa expects to operate with net leverage in the 2.0x – 2.5x range, consistent with our industrial peers Peer A B C D E G F H I J K L M N O P

Organic investments Balance between growth and maintenance investmentsCapital expenditures averaged ~$84M annually in 2016 and 2017Construction Products: $47M (includes reserve investments)Energy: $26MTransportation: $11MTarget short cash payback periods for internal investments Moving Infrastructure Forward — Investor Presentation, October 2018 65 Acquisitions Invest in acquisitions that will:Enhance our strategic positionReduce the cyclicality of the total portfolioCurrent pipeline of potential acquisitions in construction, energy, and transportation marketsAcquisitions likely to be a combination of bolt-ons and strategic acquisitions Return of capital to shareholders Capital Allocation Priorities Anticipate paying quarterly dividends following the distributionExpect share repurchase authorization Balanced capital allocation strategy across organic investments and acquisitions

Fit with broader strategy of growing in attractive infrastructure-related marketsRe-positioning of portfolio to more stable, less cyclical profileLeverage from current manufacturing or mining/processing platforms Exposure to fast-growing submarkets within broader infrastructure marketAttractive top line growthPlatform for additional acquisition growth opportunities Attractive returns on invested capital over an economic cycleCurrent EBITDA marginsPath to grow EBITDA margins Market dynamics leading to attractive returns on capital Cultural potential to thrive within Arcosa’s operating model (e.g., safety, compliance, sustainability commitments)High ethics and integrityBrings additional talent to Arcosa Capital Allocation Priorities Moving Infrastructure Forward — Investor Presentation, October 2018 66 How we assess potential acquisitions Strategic alignment Profitability & returns Culture and capabilities Market growth potential Marketdynamics

67 Capital Expenditures ($M’s) Net cash from operating activities ($M’s) Moving Infrastructure Forward — Investor Presentation, October 2018 2015 LTM 6/30/18 2016 2017 Pre-Tax Return on Invested Capital 2015 2016 9.5% 2017 8.4% LTM 6/30/18 15.7% 14.6% Focus on improving ROIC Cash generation has been healthy; focus is on improving ROIC Working capital as % of Sales Moving Infrastructure Forward — Investor Presentation, September 2018 LTM 6/30/18 2015 2016 2017 LTM 6/30/18 24.1% 2015 2016 21.5% 2017 17.6% 23.2% Notes: Capex includes reserve investments in Construction Products segment. Pre-Tax ROIC defined as Income Before Income Taxes for the period divided by Average Ending Equity

Lean operating model Guiding principles Reduce layers to expedite decision making and enhance connections with customers and other stakeholdersEncourage an entrepreneurial cultureMaintain small corporate team performing limited set of activitiesLeverage external support and technological innovation in order to increase cost flexibility (e.g., outsourced IT functions)Focus on improving ROIC Corporate actions taken prior to spin Outsourced certain corporate functions, where appropriateStreamlined corporate structure to reduce layersMaintained best practices from Trinity Moving Infrastructure Forward — Investor Presentation, October 2018 68 Actions are underway to reduce layers and make costs more variable Incremental independent public company costs expected to be $10-15M per year, but actions underway to offset these costs in the medium term

As a leadership team, we are committed to building a culture of trust with our investors, analysts, and other stakeholders Moving Infrastructure Forward — Investor Presentation, October 2018 69 Credibility Accessibility Transparency

We are stewards ofthe environment and committed to sustainability A leading producer of wind towers for renewable power generation Arcosa headquarters is LEED Gold, Energy Star CertifiedInstituted sustainability program to track environmental metrics Our people contribute to the communities in which they live and workEthics Training and Certification programsExtensive community engagement programsTalent development program to build the skills and experience of our team We are committed to the highest principles of corporate governance Chairman and CEO roles are separatedManagement pay linked to performanceCommitment to disclosure and transparency Protecting the safety and health of our people guides us in everything we doSafety Excellence program rolled out to plantsOur trench shoring products are used for worker protection in the construction industry Moving Infrastructure Forward — Investor Presentation, October 2018 71 Governance Environment Safety and health People & communities Environmental, social, and governance impact Our board and leadership team are committed to ESG impact

Moving Infrastructure Forward — Investor Presentation, October 2018 72 Mary HendersonChief Accounting Officer Jess CollinsTransportation Products Gail PeckSVP, Finance & Treasurer Reid EsslConstruction Products Kathryn CollinsChief HR Officer Kerry ColeEnergy Equipment Bryan StevensonChief Legal Officer Antonio CarrilloPresident & CEO Scott BeasleyChief Financial Officer Management team Experienced leadership team with renewed focus on growth

73 Moving Infrastructure Forward — Investor Presentation, October 2018 73 Rhys Best, Non-Executive Chairman of ArcosaCurrent Director of TrinityNon-Executive Chairman of MRC Global, Inc. Antonio CarrilloCurrent Director of TrinityFuture President and CEO of Arcosa Joe AlvaradoFormer Chairman and CEO of Commercial Metals Company David BieglerCurrent Director of Trinity Former Chairman, President and CEO of Southcross Energy Partners GP, LLC. Jay CraigChief Executive Officer and President of Meritor, Inc. Ron GaffordCurrent Director of Trinity Former President and CEO of Austin Industries, Inc. John LindsayPresident and CEO of Helmerich & Payne, Inc. Douglas RockCurrent Director of TrinityFormer Chairman and CEO of Smith International, Inc. Melanie TrentFormer EVP, General Counsel and Chief Administrative Officer of Rowan Companies plc. Board of directors Board Members bring diverse expertise and leadership experience

Appendix

Antonio CarrilloPresident & CEO Antonio has extensive experience in the industrial, energy, transportation and construction sectors in the U.S and internationally. Most recently, he was Chief Executive Officer of Mexichem, (BMV:MEXCHEM) , where he led its transformation into a $6 billion industrial products company with operations in 42 countries. Prior to joining Mexichem, Antonio had a 16-year career at Trinity Industries (NYSE:TRN), where he served as Senior Vice President and Group President of the Energy Equipment Group. In 2014, while CEO of Mexichem, Antonio was elected to Trinity’s Board of Directors, where he served on the Finance Committee, and from 2015 until its acquisition in early 2018, he was a Director of Dr Pepper Snapple Group, Inc. (NYSE:DPS), where he served on the Audit Committee. Antonio has effected many mergers and acquisitions of various sizes and complexities throughout his career. He has served as Professor of Finance at the Instituto Tecnológico Autónomo de México, one of the most prestigious universities in finance and accounting in Mexico. Antonio holds a Master’s Degree in Business Administration with a major in finance from the Wharton School of the University of Pennsylvania. He earned his Bachelor’s Degree in Mechanical and Electrical Engineering at Universidad Anáhuac in Mexico City. Leadership bios Moving Infrastructure Forward — Investor Presentation, October 2018 75

Scott Beasley is the Chief Financial Officer at Arcosa, Inc. Scott joined Trinity Industries in 2014. He served as the Group Chief Financial Officer of the Construction, Energy, Marine, and Components businesses of Trinity Industries from 2016 to 2018. Prior to that role, he served as Vice President of Corporate Strategic Planning for Trinity. Before joining Trinity, Scott was an Associate Partner with McKinsey & Company, where he led client engagements across transportation, energy, and industrial sectors. He began his career as an operations manager for McMaster-Carr Supply Company.Scott earned a Master of Business Administration from Northwestern University’s Kellogg School of Management and a Bachelor of Arts in Economics from Duke University. Scott BeasleyChief Financial Officer Reid Essl is the President of Construction Products at Arcosa, Inc. From 2016 to 2018, Reid served as the President of Trinity Construction Materials at Trinity Industries. From 2013 to 2016, Reid served as the Group Chief Financial Officer of the Construction, Energy, Marine, and Components businesses of Trinity Industries. In his 14 years at Trinity Industries, Reid has held a variety of financial, strategic planning, and business development positions. Prior to joining Trinity, Reid worked at MetLife Financial.Reid earned a Bachelor of Business Administration in Finance from Texas A&M University in College Station and a Master of Business Administration from the University of Texas at Austin. Leadership bios Moving Infrastructure Forward — Investor Presentation, October 2018 76 Reid EsslConstruction Products

Jess Collins is the President of Transportation Products at Arcosa, Inc.Prior to this role, Jess served as the President of Trinity Parts and Components which included McConway & Torley, Standard Forged Products, and McKees Rocks Forgings from 2016 to 2018. From 2014 to 2016, he served as President of Trinity Cryogenics. From 2008 to 2013, Jess served as Executive Vice President and Chief Operating Officer at Broadwind Energy serving wind energy, transportation, and infrastructure markets. From 1999 to 2006, he served as President of Trinity Containers, Trinity Heads, and Trinity Structural Towers, and from 1993 to 1998, he held various operational and commercial roles with Trinity Rail and Trinity Marine Products. He began his career with Triumph Group, an aerospace flight control surface manufacturer. Jess earned a Bachelor of Business Administration in Accounting from the University of Texas at Arlington. Jess CollinsTransportation Products Kerry Cole is the President of Energy Equipment at Arcosa, Inc.Prior to this role, Kerry joined Trinity Industries in 2000. From 2016 to 2018, he served as President of Trinity Electrical Products which included oversight for Trinity Structural Towers and Trinity Meyer Utility Structures business units. Prior to this role, Kerry served as President of Trinity Structural Towers business unit from 2007 to 2016. From 2000 to 2007, he served in a variety of operations and manufacturing leadership positions spanning Mining and Construction Equipment, Heads, and Structural Bridge business units. Kerry has over 28 years of experience in manufacturing organizations. Kerry earned a Bachelor of Science in Business Administration from the University of Central Florida. Kerry ColeEnergy Equipment Leadership bios Moving Infrastructure Forward — Investor Presentation, October 2018 77

Bryan P. Stevenson is the Chief Legal Officer at Arcosa, Inc.Prior to this role, Bryan was the Vice President, Associate General Counsel and Corporate Secretary for Trinity Industries from 2015 to 2018, where he was responsible for SEC filings and compliance, stock exchange regulatory compliance, proxy statement preparation, annual shareholder meetings, and corporate governance matters. Prior to joining Trinity, Bryan was Vice President, General Counsel and Secretary for U.S. Auto Parts Network, Inc. from 2011 to 2015, where he oversaw all of the company's legal efforts. Prior to his tenure at U.S. Auto Parts, he served as Vice President, Associate General Counsel for Blockbuster, Inc., which he joined as Senior Corporate Counsel in 2004. Before Bryan joined Blockbuster, he worked in private practice. Bryan earned his J.D. from Baylor Law School and undergraduate degree from Dallas Baptist University. Bryan StevensonChief Legal Officer Kathryn A. Collins is the Chief Human Resources Officer at Arcosa, Inc. Prior to this role, Kathryn served as the Vice President of Human Resources at Trinity Industries from 2014 to 2018 with responsibilities for Talent Acquisition, Total Rewards, Talent Development, Employee Relations, HR Systems, and HR Compliance. She has over 30 years of experience across manufacturing, software, semi-conductor, defense, and retail industries. She has served in executive and leadership positions at Texas Instruments, JC Penney, RealPage, and Trinity Industries. Kathryn’s career spans human resources, corporate communications, and industrial engineering with responsibilities in the Americas, Europe, Asia, and Japan. Kathryn earned a Master of Business Administration from the University of Dallas, a Master of Science in Organization Development from the University of Texas at Dallas, and a Bachelor of Industrial Engineering from the University of Texas at Arlington. Kathryn is a registered Professional Engineer in the State of Texas. Kathryn CollinsChief HR Officer Leadership bios Moving Infrastructure Forward — Investor Presentation, October 2018 78

Gail Peck is the Senior Vice President, Finance and Treasurer at Arcosa, Inc.Prior to this role, Gail served as Vice President, Finance and Treasurer of Trinity Industries. Joining Trinity in 2010, she was responsible for the corporate finance, investor relations, and credit functions. From 2004 to 2009, she served as Vice President and Treasurer for Centex Corporation with responsibilities that spanned corporate-wide capital planning, capital structure management, and financial planning. Prior to Centex, Gail served in a variety of finance roles at American Airlines, and began her career with the Bank of Boston in corporate lending. Gail earned a Master of Business Administration from the Kenan Flagler Business School at the University of North Carolina, Chapel Hill and a Bachelor of Arts in Economics from Trinity College in Hartford, CT. Ms. Peck is a CFA® charterholder. Gail PeckSVP, Finance & Treasurer Mary Henderson is the Chief Accounting Officer at Arcosa, Inc. Prior to this role, Mary served as Vice President and Chief Accounting Officer of Trinity Industries from 2010 to 2018, responsible for full oversight of the company’s day-to-day external and internal accounting, tax, and reporting functions, driving process improvement, and aligning the strategic direction of the teams with the overall strategy of the company. Mary joined Trinity Industries in 2003 and has served in a variety of leadership positions including Corporate Controller, Assistant Corporate Controller, and Director of External Reporting. Mary has more than 30 years of experience and her career spans positions in industrial manufacturing, banking, mortgage operations, and public accounting.Mary earned a Bachelor of Science in Accounting from Cameron University in Lawton, Oklahoma. She is a Certified Public Accountant licensed in the State of Texas since 1984. Mary HendersonChief Accounting Officer Leadership bios Moving Infrastructure Forward — Investor Presentation, October 2018 79

EBITDA reconciliation: Arcosa 80 2019P LTM Fiscal Years ended December 31, $ Millions Low High 6/18 2017 2016 2015 Net income $81.0 $89.0 $89.0 $89.7 $123.0 $135.0 Add: Interest expense $2.0 $2.0 $0.0 $0.0 $0.0 $0.4 Provision/(Benefit) for income taxes $27.0 $29.0 $25.9 $40.4 $74.2 $84.2 Depreciation & amortization expense $70.0 $75.0 $67.2 $65.7 $65.6 $67.8 Goodwill Impairment $0.0 $0.0 $0.0 $0.0 $0.0 $89.5 Net income before interest expense, income taxes, and depreciation and amortization expense $180.0 $195.0 $182.1 $195.8 $262.8 $376.9 “EBITDA” is defined as net income plus interest expense, income taxes, and depreciation and amortization including goodwill impairment charges. EBITDA is not a calculation based on generally accepted accounting principles. The amounts included in the EBITDA calculation, however, are derived from amounts included in the historical statements of operations data. In addition, EBITDA should not be considered as an alternative to net income or operating income as an indicator of our operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe EBITDA assists investors in comparing a company’s performance on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the EBITDA measure presented in this presentation may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation. Moving Infrastructure Forward — Investor Presentation, October 2018

LTM Fiscal Years ended December 31, $ Millions 6/18 2017 2016 2015 Construction Products Segment Operating Profit $54.8 $53.7 $59.3 $50.4 Add: Depreciation & amortization expense $20.0 $18.4 $16.0 $15.6 Adjusted EBITDA $74.8 $72.1 $75.3 $66.0 Energy Equipment Segment Operating Profit $61.7 $78.4 $87.7 $8.4 Add: Depreciation & amortization expense $30.2 $30.2 $31.7 $32.9 Add: Goodwill Impairment $0.0 $0.0 $0.0 $89.5 Adjusted EBITDA $91.9 $108.6 $119.4 $130.8 Transportation Products Segment Operating Profit $39.6 $39.0 $87.3 $197.7 Add: Depreciation & amortization expense $17.0 $17.1 $17.9 $19.3 Adjusted EBITDA $56.6 $56.1 $105.2 $217.0 Operating Profit – Corporate ($37.7) ($39.4) ($33.5) ($38.7) Other, net expense ($3.5) ($1.6) ($3.6) $1.4 Add: Interest expense $0.0 $0.0 $0.0 $0.4 EBITDA $182.1 $195.8 $262.8 $376.9 Adjusted EBITDA reconciliation by Arcosa Segment 81 “Adjusted EBITDA” is defined as segment operating profit plus depreciation and amortization including goodwill impairment charges. “Adjusted EBITDA Margin” is defined as Adjusted EBITDA divided by Revenue. Since income taxes and interest expense are not allocated to the segment level, they are not added back in the calculation of adjusted EBITDA. For a reconciliation of EBITDA to net income, see the accompanying EBITDA reconciliation. Adjusted EBITDA is not a calculation based on generally accepted accounting principles. The amounts included in the Adjusted EBITDA calculation, however, are derived from amounts included in the historical statements of operations data. In addition, Adjusted EBITDA should not be considered as an alternative to net income or operating income as an indicator of our operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe adjusted EBITDA assists investors in comparing a company’s performance on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the Adjusted EBITDA measure presented in this presentation may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation. Moving Infrastructure Forward — Investor Presentation, October 2018

$ Millions Fiscal Years ended December 31, 2018(P) (1) 2017 2016 2015 2014 Barge (FY14 – FY18(P)) Operating Profit $5.1 $6.4 $45.3 $117.0 $114.4 Add: Depreciation & amortization expense $7.3 $7.3 $8.4 $10.5 $9.3 Adjusted EBITDA $12.4 $13.7 $53.7 $127.5 $123.7 Fiscal Years ended December 31, Barge (FY10 – FY13) 2013 2012 2011 2010 Operating Profit $96.0 $124.7 $106.4 $69.0 Add: Depreciation & amortization expense $8.1 $7.6 $6.4 $5.5 Adjusted EBITDA $104.1 $132.3 $112.8 $74.5 Adjusted EBITDA reconciliation: Trinity’s Historic Barge Segment 82 “Adjusted EBITDA” is defined as segment operating profit plus depreciation and amortization expense. Since income taxes and interest expense are not allocated to the segment level, they are not added back in the calculation of adjusted EBITDA. For a reconciliation of EBITDA to net income, see the accompanying EBITDA reconciliation. Adjusted EBITDA is not a calculation based on generally accepted accounting principles. The amounts included in the adjusted EBITDA calculation, however, are derived from amounts included in the historical statements of operations data. In addition, adjusted EBITDA should not be considered as an alternative to net income or operating income as an indicator of our operating performance, or as an alternative to operating cash flows as a measure of liquidity. We believe adjusted EBITDA assists investors in comparing a company’s performance on a consistent basis without regard to depreciation and amortization, which can vary significantly depending upon many factors. However, the adjusted EBITDA measure presented in this presentation may not always be comparable to similarly titled measures by other companies due to differences in the components of the calculation. Moving Infrastructure Forward — Investor Presentation, October 2018 (1) Based on Trinity Industries guidance provided on 7/26/2018; revenues of $170M and operating profit margin of 3%; depreciation assumed equal to FY 2017 level

Investor Presentation October 2018