Investor Presentaiton

Development of Two Automated Facilities for Ahold Delhaize The Ahold Delhaize highly automated development is an opportunity for Americold to continue to grow in the retail sector Development Overview ■ COLD is building two automated, retail fulfillment centers for Ahold Delhaize USA ("ADUSA") that will serve ~750 stores in the Northeast and Mid-Atlantic US ■ Upon completion, ADUSA will become a top 25 customer Ahold Delhaize is the 2nd largest grocer in the world with strong investment grade ratings (S&P: BBB+ / Moody's: Baal) (1) ~$336mm of total development capital investment (2) Lancaster, PA: Commenced operation in Q1 2023 and is expected to fully stabilize in Q2 2024 Plainville, CT: Expected to commence operation in Q3 2023 and is expected to fully stabilize in Q1 2025 Strategic Rationale ■ Provides long-term infrastructure for a top grocer in the US ■ 20-year commitment with highly attractive returns - 10-12% expected stabilized NOI ROIC for both sites ☐ Grocery retail remains mission-critical in a post COVID-19 world Developments at a Glance Facilities Clear Height Lancaster, PA and Plainville, CT ~130 feet Total Cubic Feet Total Pallet Positions ~23.5mm cubic feet ~59K pallet positions Lancaster, PA Note: No assurance can be given that the actual cost or completion dates of any expansions or developments will not exceed our estimate, or that targeted returns will be achieved Ratings as of Q2 2023 (1) (2) Reflects midpoint of Management's estimated cost range to complete as of June 30, 2023 Plainville, CT 16 americOLO

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