americOLD Global Market Leadership and Growth Strategy
Growth Strategy - Expansion and Development
Middleboro, MA
Completed
Rochelle, IL
Since 2018
Chesapeake, VA
North Little Rock, AR
Columbus, OH
29.3mm Cu Ft
~110,000 Pallets
Incurred Cost
$165mm
Expansion and Development Opportunities (1)
Atlanta, GA
Under
Construction
Plainville, CT
Savannah, GA
Lancaster, PA
Auckland, New Zealand
61.2mm Cu Ft
~183,000 Pallets
Current
Expansion and
Development
Pipeline (3)
Estimated Investment $1bn+
Includes both customer-specific
and market-demand
Estimated Costs (2)
~$568mm
2 Expansions/3 New Builds
760+ acres of excess
developable land
In current portfolio
Expansion
Opportunities
Customer-
Specific
Market-
Demand
Existing Sites
+ for Future
Expansion
Expect to initiate on average 2 to 3 expansion / development opportunities
annually, with aggregate invested capital of $75 million to $200 million
(1)
(2)
As of March 31, 2020; no assurance can be given that the actual cost or completion dates of any expansions or developments will not exceed our estimate
Reflects management's estimate of cost of completion as of March 31, 2020
(3)
16
These future pipeline opportunities are at various stages of discussion and consideration and, based on historical experiences, many of them may not be pursued or completed as contemplated or at all
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