Ahold Delhaize Automated Facilities Development Overview
Company Snapshot
GOO
Global leader in temperature-controlled logistics real estate and value added services focused on the ownership, operation,
development and acquisition of temperature-controlled warehouses
Portfolio Overview
4/
Warehouses
Ownership
Туре
Total
Capacity
Average
Facility Size
Geographic
Operations
Estimate of N.A.
Market Share
Number of
Customers
Number of
Pallet Positions
243
194 owned (1),
44 capital/
operating leased, 5
1.5bn cubic feet
/ 45.4mm
square feet
6.0mm cubic
feet/187K
square feet
North America,
Europe, Asia-
Pacific and South
America
17.9% (2)
~4,200
~5.4mm
managed
Financial Highlights
$11.3bn Total Enterprise Value (3)
LTM 3/31/23 Segment Breakdown (6)
Revenue
Warehouse
$7.9bn
Equity Market Cap (3)
87%
10.0% / 19.5%
YTD Total Revenue / NOI Growth Rate (4)
LTM 3/31/23
TOTAL
REVENUE
Third-Party
$2,695mm
1% Managed
$520mm
LTM PF Core EBITDA (5)
11%
Transportation
$0.88
1Q23 Annualized Dividend per Share
Note: Figures as of March 31, 2023
(1)
Includes 14 ground leased assets
(2)
2022 IARW North American Top 25 List (March 2022), per GCCA website. Capacity from 2020 GCCA
Global Cold Storage Capacity Report (August 2020)
(3)
Based on COLD share price of $29.11 as of May 26, 2023
(6)
(4)
Represents share of Revenues and NOI from Global Warehouse Segment
(7)
(5)
Amount includes the reduction for the strategic exit of certain third-party managed EBITDA, the loss of
EBITDA from the sale of the Cherokee facility and deconsolidation of Chile upon contribution to the
Contribution / NOI (7)
Warehouse
92%
LTM 3/31/23
TOTAL
CONTRIBUTION
(NOI)
$721mm
1%
7%
Third-Party
Managed
Transportation
LATAM JV, partially offset by the add back for three months of Core EBITDA from the De Bruyn Cold
Storage prior to Americold's ownership of the respective acquired entities, the facility lease expense for
sites that it previously incurred operating lease expense for but was subsequently purchased, including
the Gdynia and New Zealand facilities and the lease expense for leased facilities which we exited.
Excludes amount from strategic exit of certain third-party managed sites
Segment contribution refers to segment's revenues less segment specific operating expenses (excludes
2
any depreciation and amortization, impairment charges and corporate level SG&A). Contribution for our americOLO®
warehouse segment equates to net operating income ("NOI")View entire presentation