americOLD Global Market Leadership and Growth Strategy
Disclaimer
This presentation contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on
our beliefs, assumptions and expectations of our future financial and operating performance and growth plans, taking into account the information currently
available to us. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results
to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on
such statements. Factors that could contribute to these differences include adverse economic or real estate developments in our geographic markets or the
temperature-controlled warehouse industry; general economic conditions; uncertainties and risks related to natural disasters, global climate change and public
health crises, including the recent and ongoing COVID-19 pandemic; risks associated with the ownership of real estate and temperature-controlled warehouses in
particular; defaults or non-renewals of contracts with customers; potential bankruptcy or insolvency of our customers; or the inability of our customers to
otherwise perform under their contracts, including as a result of the recent and ongoing COVID-19 pandemic; uncertainty of revenues, given the nature of our
customer contracts; increased interest rates and operating costs, including as a result of the recent and ongoing COVID-19 pandemic; our failure to obtain
necessary outside financing; risks related to, or restrictions contained in, our debt financings; decreased storage rates or increased vacancy rates; risks related to
current and potential international operations and properties; our failure to realize the intended benefits from our recent acquisitions, including synergies, or
disruptions to our plans and operations or unknown or contingent liabilities related to our recent acquisitions; our failure to successfully integrate and operate
acquired or developed properties or businesses, including but not limited to: Cloverleaf Cold Storage, Lanier Cold Storage, MHW Group Inc., Nova Cold Logistics,
Newport Cold Storage and PortFresh Holdings, LLC; acquisition risks, including the failure of such acquisitions to perform in accordance with projections; risks
related to expansions of existing properties and developments of new properties, including failure to meet budgeted or stabilized returns within expected time
frames, or at all, in respect thereof; difficulties in expanding our operations into new markets, including international markets; risks related to the partial ownership
of properties, including as a result of our lack of control over such investments and the failure of such entities to perform in accordance with projections; our
failure to maintain our status as a REIT; our operating partnership's failure to qualify as a partnership for federal income tax purposes; possible environmental
liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently or previously owned by
us; financial market fluctuations; actions by our competitors and their increasing ability to compete with us; labor and power costs; changes in real estate and
zoning laws and increases in real property tax rates; the competitive environment in which we operate; our relationship with our employees, including the
occurrence of any work stoppages or any disputes under our collective bargaining agreements and employee related litigation; liabilities as a result of our
participation in multi-employer pension plans; losses in excess of our insurance coverage; the cost and time requirements as a result of our operation as a publicly
traded REIT; changes in foreign currency exchange rates; the impact of anti-takeover provisions in our constituent documents and under Maryland law, which
could make an acquisition of us more difficult, limit attempts by our shareholders to replace our trustees and affect the price of our common shares of beneficial
interest, $0.01 par value per share, or our common shares; the potential dilutive effect of our common share offerings; and risks related to any forward sale
agreement, including the forward sale agreement we entered into with an affiliate of BofA Securities, Inc. in September 2018, as amended, or the 2018 forward
sale agreement, including substantial dilution to our earnings per share or substantial cash payment obligations.
Words such as "anticipates," "believes," "continues," "estimates," "expects," "goal," "objectives," "intends," "may," "opportunity," "plans," "potential," "near-
term," "long-term," "projections," "assumptions," "projects," "guidance," "forecasts," "outlook," "target," "trends," "should," "could," "would," "will" and similar
expressions are intended to identify such forward-looking statements. Examples of forward-looking statements included in this presentation include, among
others, statements about our expected expansion and development pipeline and our targeted return on invested capital on expansion and development
opportunities. We qualify any forward-looking statements entirely by these cautionary factors. Other risks, uncertainties and factors, including those discussed
under "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019 and our other reports filed with the Securities and Exchange
Commission, could cause our actual results to differ materially from those projected in any forward-looking statements we make. We assume no obligation to
update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the future.
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