americOLD Global Market Leadership and Growth Strategy
Organic Growth Initiatives Have Driven Same Store Growth
Same store performance is the culmination of replacing legacy customer agreements with new contracts implementing
our Commercial Business Rules, active asset management and leveraging integrated network, scale and market position
Same Store Warehouse Revenue Growth
Expected to range between 2% - 4% on a constant currency basis
Total Same Store Warehouse NOI Growth
Actual $
Growth %
1.6%
3.2%
6.1%
2.9%
1.9%
5.0%
Constant
Currency $
Growth %
5.8%
4.9%
4.1%
3.9%
3.5%
2015
2016
2017
2018
6.8%
2019
YTD'20
YTD Same Store Portfolio (1)
Non-Same 3%
Store
18%
31
TOTAL COLD
WAREHOUSE
FACILITIES
Expected to range 100 - 200 bps higher than associated SS revenue
Actual $
Growth %
3.2%
2.1%
9.8%
6.9%
3.9%
9.8%
Constant
Currency $
Growth %
6.1%
2.9%
2015
2016
9.5%
7.4%
5.1%
11.1%
2017
2018
2019
YTD'20
Same Store NOI Margin
Legacy COLD Same Store
Acquired Non-Same Store
63.0%
64.5%
65.5%
66.2%
67.0%
68.8%
SS Rent &
Legacy COLD Non-Same Store
Storage
29.5%
29.8%
30.9%
32.1%
32.6%
33.3%
Total SS
Warehouse
172
Same Store
136
2.5%
2.0%
4.0%
5.8%
6.9%
6.4%
79%
SS Warehouse
Services
2015
2016
2017
2018
2019
YTD'20
Note: Figures as of March 31, 2020, unless otherwise indicated
Note: Constant currency growth represents year-over-year growth based on the same foreign exchange rates relative to the comparable prior year period
Note: NOI growth represents year-over-year growth to the comparable prior period
(1)
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
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