Ahold Delhaize Automated Facilities Development Overview
Historic Same Store Seasonality Trend
Prior to COVID-19, same store metrics show consistent seasonal trends (1)
Quarterly Same Store Revenue (% of Annual)
Key Quarterly Drivers
First/Second Quarter
■
Surge in 1Q 2020 due to COVID
Timing of Easter moves between Q1 and Q2
■ On average Q1 and Q2 are relatively consistent
Third Quarter
■ The harvest ramp coupled with holiday season
inventory build often drives Q3 revenue growth
Q3 (mid/late summer) is the hottest weather
quarter which negatively impacts NOI due to
increased power expense
Fourth Quarter
■ Peak holiday season drives higher volumes
■ Power expense moderates back to average levels
(1)
2020, 2021 and 2022 seasonality impacted by COVID-19 and has varied from historic norms
25%
24% 24%
24% 24%
24% 24% 24% 25% 24%
25% 25% 25% 25% 26%
26% 26%
26% 26% 26%
Q1
Q2
Q3
Q4
2018 Revenue
2019 Revenue
2020 Revenue
2021 Revenue
2022 Revenue
Quarterly Same Store NOI (% of Annual)
27%
28% 27%
27%
26%
26%
25% 25%
24% 25%
25%
24%
23%
23%
23%
24% 24%
24% 25% 25%
Q1
Q2
Q3
Q4
2018 NOI
■2019 NOI
2020 NOI ■2021 NOI
2022 NOI
14
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