Americold Key Investment Highlights & ESG Initiatives
Growing Committed Revenue in Warehouse Portfolio
Significant improvement transitioning from as-utilized, on demand contracts to fixed storage committed contracts and leases
■ Fixed storage committed contracts and leases currently
represent:
42% of warehouse rent and storage revenues (1) and
46% of total warehouse segment revenues (2)
Total Warehouse Rent & Storage Revenue
$854 $854 $884 $907 $919 $936 $969 $1,001
$666 $692
64% 61%
61% 61% 60%
59% 59%
58%
58% 59%
■ 8-year weighted average stated term (3)
2-year weighted average remaining term (3)
■ As of December 31, 2022, we had entered into at least one
fixed commitment contract or lease with 22 of our top 25
warehouse customers
■ The scope and breadth of our network positions us to
continue to increase our fixed storage commitments
■ Our recent acquisitions have a lower percentage of fixed
commitment contracts as a percent of rent and storage
revenue. We view this as an opportunity as we bring these
acquisitions onto Americold's commercialization standards
42%
41%
36% 39%
39%
39% 40%
41%
41%
42%
3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
Other Rent & Storage Revenue
Annualized Committed Rent & Storage Revenue (1)
Total Warehouse Segment Revenue
$1,995 $2,016 $2,115 $2,167 $2,199 $2,204 $2,275 $2,325
$1,539
$1,635
58%
58% 56%
56%
54%
57%
61% 59%
53%
54%
47%
46%
41%
39%
42%
44%
42%
43% 44%
46%
3Q20
4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22
Other Warehouse Segment Revenue
Warehouse Segment Revenue Generated by Fixed Commitment Contracts or Leases (2)
Note: Revenues represent LTM figures. Dollars in millions
(1)
(2)
(3)
(4)
Based on the annual committed rent and storage revenues attributable to fixed storage commitment contracts and leases as of December 31, 2022
Based on total warehouse segment revenue generated by contracts with fixed storage commitments and leases for the quarter ended December 31, 2022
Represents weighted average term for contracts featuring fixed storage commitments and leases as of December 31, 2022
Based on LTM warehouse revenue as of December 31, 2022. Amount include 6.0 months of warehouse revenue from De Bruyn Cold Storage acquisition prior to Americold's ownership of the respective
acquired entities
10
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