Ahold Delhaize Automated Facilities Development Overview
Expansion and Development Overview
Recently
Completed/
Ramping to
Stabilization
Expansion and Development Opportunities (1)
Auckland, NZ
Lurgan, N. Ireland
Calgary, Canada
Dublin, Ireland
Barcelona, Spain
Lancaster, PA
Total Estimated Cost (2)
Total Estimated Stabilized NOI (3)
~$311mm
~$35mm
Dunkirk, NY
Highlighted Projects Completed within the last 18 months and
represent ~$263mm of Cost (2) and ~$29mm of NOI (3)
Under
Gateway, GA
Phase 2
Plainville, CT
Construction
Russellville, AR
Current
Development
Pipeline (5)
34.7mm Cu Ft
Spearwood, Australia 117,000 Pallets
Estimated Cost to Complete (4)
~$40mm
~$304mm spent / ~$344mm total
(3 Expansions/1 Development)
Estimated Investment $1bn+
Includes both customer-specific and market-demand
Global opportunities
Greenfield developments and expansions
✓ Automated and conventional facilities
Food manufactures and retail customers
Expansion
Opportunities
Customer-
Specific
Market-
Demand
+
Existing Sites
for Future
Expansion
730+ acres of excess
developable land
In current portfolio
(1)
(2)
(3)
(4)
As of March 31, 2023; no assurance can be given that the actual cost or completion dates of any expansions or developments will not exceed our estimate
Cost to date through March 31, 2023; projects are substantially complete. Additional spending may be incurred for residual cost and retainage. Exchange rates as of March 31, 2023
Based on midpoint of estimated NOI ROIC
Reflects midpoint of Management's estimated cost range to complete as of March 31, 2023
15
(5)
These future pipeline opportunities are at various stages of discussion and consideration and, based on historical experiences, many of them may not be pursued or completed as contemplated or at all
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