Atlas : Tuesday, January 19, 2021

SUSTAINABILITY-LINKED

BOND FRAMEWORK

JANUARY 2021

TABLE OF CONTENTS

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ABOUT ATLAS CORP.

Atlas Corp. (NYSE: ATCO) is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with deep operational and capital allocation experience. The company targets long-term, risk adjusted returns across high quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Our two main portfolio companies, Seaspan and APR are unique, industry-leading operating platforms in the global maritime and energy spaces, respectively.

By leveraging the core strengths of our businesses, Atlas will continue to innovate towards greater operational efficiency to benefit the environment, promote continuous improvement for the health and safety of our employees, and strive for the highest eth- ical, governance and regulatory standards.

	TL S
	Global Asset Manager
	NYSE: ATCO
	Seaspan		APR
	Leading Maritime Platform		Global Energy Platform
	~85% of Adjusted EBITDA1		~15% of Adjusted EBITDA1
•	World's largest containership lessor	•	Mobile power solution lessor
•	Fleet of 127 vessels (~8% market share)2	•	Fleet of over 1.4GW3
•	~$4.4 billion contracted revenue2	•	~$300 million contracted revenue3

1. Based on YTD Adjusted EBITDA as of September 30, 2020 on a segmented basis. Adjusted EBITDA is a non-GAAP measure. See Q3 2020 earnings release for non-GAAP reconciliations to nearest GAAP measure
2. As of September 30, 2020 pro forma for vessels delivered in October and November 2020; excludes newbuild acquisitions announced in December
3. As of September 30, 2020

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AN INTRODUCTION TO SEASPAN

Seaspan is the largest independent owner and operator of containerships in the world, with an industry-leading,fully-integrated operating platform. We provide many of the world's major shipping lines with alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry-leading ship management services. As of January 2021, the fleet is comprised of 127 vessels of varying capacity, facilitating the transportation of goods worldwide.

As the largest independent charter owner and manager of containerships, we are truly a global operation. We employ more than 4,800 people at our offices in Hong Kong, Can- ada, and India, and onboard our fleet. We oversee and manage every aspect of a vessel's lifecycle through our fully-integrated operating platform, including vessel design, man- agement, operations, and upgrades. This allows for a coordinated, strategic approach for measured and consistent growth, while a strong set of values govern the integrity of our everyday decisions.

Seaspan is well-positioned for sustainable, long-term growth thanks to our resilient business model, attractive fleet, high quality customer base and financial strength, and our emphasis on operational excellence.

4,800 98%

(4,500 Seafarers / 300 Corporate)Average Utilization Since IPO

127

$4.4bn1

1

Total Capacity of Roughly 1,073,000 TEU

Contracted Future Revenue

7 of 8

~7 Years

2

Long-Term Charters With

Average Vessel Age

7 of 8 Leading Global Liners

~4 Years

Average Remaining Charter Period2

1. As of September 30, adjusted for vessels delivered in October and November 2020; excludes newbuilds announced in December 2020
2. As of September 30, TEU-weighted

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