Ahold Delhaize Automated Facilities Development Overview
Well-Laddered Balance Sheet with Significant Liquidity
Real Estate Debt Maturity (1)
% of Debt Maturing
6% (31%) (14%) (12%) (11%) (14%)
(12%
$611
Revolver Balance (2)
■Senior Unsecured Term Loan A-1 (3)
Senior Unsecured Term Loan A-2 (CAD)
■Senior Unsecured Term Loan A-3
■Series A 4.68% Unsecured Notes due 2026
■Series B 4.86% Unsecured Notes due 2029
■Series C 4.10% Unsecured Notes due 2030
Series D 1.62% Unsecured Notes due 2031
Series E 1.65% Unsecured Notes due 2033
Total Debt Profile
Investment grade ratings: BBB (Fitch / DBRS Morningstar), Baa3 (Moody's)
$3,203
Unsecured
Debt Type
$247
Secured
7%
TOTAL
DEBT
$3.5bn
93%
$2,840
Fixed
Rate Type
$611
Floating
18%
TOTAL
DEBT
$3.5bn
82%
$185
$400
$434
$375
$270
$350
$379
$200
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
As of March 31, 2023, COLD has total debt outstanding of $3.5 billion
COLD transitioned its balance sheet to 93% unsecured and 82% fixed rate with a
remaining weighted average term of 5.9 years
No material debt maturities until 2026
Liquidity
Significant Liquidity: ~$0.6bn (4)
$518mm Undrawn Senior
Unsecured Revolving Credit
Facility
92%
TOTAL
LIQUIDITY
Interest Rate: Base Rate +
84 bps
$0.6bn
8%
Minimal near-term debt
maturities
Cash
$47
COLD maintains a strong liquidity position and a well-laddered maturity profile
Note: Dollars in millions. Figures based on company filings as of March 31, 2023. Balances denominated in foreign currencies have been translated to USD. Figures may not sum due to rounding
(1)
Does not include sale-leaseback financing obligations or financing lease obligations
(2)
Revolver maturity date assumes the exercise of two six month extension options
(3)
Term Loan maturity date assumes the exercise of two 12-month extension options
(4)
Figure reflects cash and the capacity available under the Senior Unsecured Revolving Credit Facility less $21mm in letter of credit
Revolver
Availability
$518
18
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