Investor Presentaiton
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:
49% of warehouse rent and storage revenues (1) and
48% of total warehouse segment revenues (2)
Total LTM Warehouse Rent & Storage Revenue
$854 $854 $884 $907 $919 $936 $969 $1,001 $1,042 $1,064
54%
51%
64%
61%
61%
61%
60%
59%
59% 58%
■ 7-year weighted average stated term (3)
3-year weighted average remaining term (3)
■ As of June 30, 2023, we had entered into at least one fixed
commitment contract or lease with 23 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
36%
39% 39%
39% 40% 41% 41%
42%
46%
49%
1Q21
2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23
Other Rent & Storage Revenue
Annualized Committed Rent & Storage Revenue (1)
Total LTM Warehouse Segment Revenue
$1,995 $2,016
$2,115 $2,167 $2,199 $2,204 $2,275 $2,325 $2,353 $2,369
61%
59%
58%
58% 56%
57%
56%
54% 52% 52%
39%
41%
42% 42%
44%
43%
44%
46%
48%
48%
1Q21
2Q21 3Q21 4Q21 1Q22
Other Warehouse Segment Revenue
2Q22 3Q22 4Q22 1Q23 2Q23
Warehouse Segment Revenue Generated by Fixed Commitment Contracts or Leases (2)
Note: Revenues represent LTM figures. Dollars in millions
(1)
(2)
(3)
Based on the annual committed rent and storage revenues attributable to fixed storage commitment contracts and leases as of June 30, 2023
Based on total warehouse segment revenue generated by contracts with fixed storage commitments and leases for the quarter ended June 30, 2023
Represents weighted average term for contracts featuring fixed storage commitments and leases as of June 30, 2023
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