americOLD Global Market Leadership and Growth Strategy
Highly Diversified Business Model Produces Stable Cash Flows
Diversification helps reduce revenue volatility associated with seasonality and changing commodity trends
Pro Forma Global Geographic Diversity (1)
Pro Forma Commodity (1)
Global Warehouse
U.S. Warehouse
LTM 3/31/20
TOTAL U.S.
WAREHOUSE
REVENUE
Dairy
Pork
Potatoes
Argentina
Canada
8%
7%
9%
Fruits &
Vegetables
New
Zealand
<1%
2%
2%
United
States
Central
28%
Australia
11%
6%
LTM 3/31/20
WAREHOUSE
REVENUE
85%
Other
5%
Poultry
15%
LTM 3/31/20
25%
East
4%
Bakery
WAREHOUSE
3%
REVENUE
Beef
2%
2%
Distributors (4)
Pro Forma Warehouse Type (1)
Seafood
17%
22%
Packaged Foods (3)
Retail (2)
Distribution
Distribution
Production
Advantaged
24%
53%
LTM 3/31/20
WAREHOUSE
REVENUE
~76% of Revenue from Food Manufacturers
and ~22% from Retailers
22%
Public
Warehouse
1%
Facility Leased
47%
LTM 3/31/20
WAREHOUSE
CONTRIBUTION
(NOI)
Southeast
26%
21%
West
Production
Advantaged
29%
23%
1%
Public
Warehouse
Facility Leased
Note: Figures may not sum due to rounding. Figures pro forma for the acquisition of Cloverleaf and Lanier, including 11 months of COLD ownership and 1 months of prior ownership, the acquisition of MHW Group, including 4.5
months of COLD ownership and 7.5 months of prior ownership and the acquisition of Nova Cold Logistics and Newport Cold Storage, including 3 months of COLD ownership and 9 months of prior ownership
(1)
Diversification based on warehouse segment revenues for the twelve months ended March 31, 2020
(2)
Retail reflects a broad variety of product types from retail customers
(3)
Packaged food reflects a broad variety of temperature-controlled meals and foodstuffs
(4)
Distributors reflects a broad variety of product types from distribution customers
7
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