Americold Key Investment Highlights & ESG Initiatives
Company Snapshot
World's largest publicly traded REIT focused on the ownership, operation, development and acquisition of temperature-controlled warehouses
Portfolio Overview
Warehouses
Ownership
Type
Total
Capacity
Average
Facility Size
Geographic
Operations
Estimate of N.A.
Market Share
Number of
Customers
Number of
Pallet Positions
242
193 owned (¹),
1.4bn cubic feet
44 capital/
operating leased, 5
/ 45.4mm
6.0mm cubic
feet / 187K
square feet
square feet
North America,
Europe, Asia-
Pacific and South
17.7% (2)
~4,300
~5.4mm
America
managed
Financial Highlights
$11.4bn Total Enterprise Value (3)
FY 2022 Segment Breakdown (6)
Revenue
Warehouse
Contribution / NOI (7)
Warehouse
$8.2bn
Equity Market Cap (3)
87%
10.4% / 8.5%
YTD Total Revenue / NOI Growth Rate (4)
FY 2022
TOTAL
REVENUE
$2,650mm
1%
Third-Party
Managed
$496mm
LTM PF Core EBITDA (5)
12%
Transportation
$0.88 4022 Annualized Dividend per Share
Note: Figures as of December 31, 2022
(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)
(6)
(7)
(3)
Based on COLD share price of $30.00 as of February 24, 2023
(4)
Represents share of Revenues and NOI from Global Warehouse Segment
(5)
Amount includes reduction for the strategic exit of certain third-party managed sites and dispositions of
two sites, partially offset by the add back for 6.0 months of Core EBITDA from De Bruyn Cold Storage prior
92%
FY 2022
TOTAL
CONTRIBUTION
(NOI)
$690mm
1%
7% Third-Party
Managed
Transportation
to Americold's ownership, facility lease expense for sites that it previously incurred operating lease
expense for but was subsequently purchased, 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
any depreciation and amortization, impairment charges and corporate level SG&A). Contribution for our
warehouse segment equates to net operating income ("NOI")
2
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