Americold Key Investment Highlights & ESG Initiatives

Economic Occupancy Americold's commercialization practices support our customers and improve our quality of earnings Economic Occupancy Significantly increased fixed commitment contracts in our portfolio Economic occupancy reflects the aggregate number of physically occupied pallets and any additional pallets otherwise contractually committed for a given period, without duplication Physical Occupancy Typical optimal physical occupancy is ~85% to maximize four-wall cash flow/NOI Varies based on several factors, including intended customer base, throughput maximization, seasonality and leased but unoccupied pallets Network Average Economic & Physical Occupancy Trend 1Q 2Q COVID COVID 3Q COVID 84% 83% 80% 79% 81% エニエニート 76% 75% 76% 77% 77% 77% 77% 78% 77% 81% 79% 77% 77% 80% 75% 77% 75% 74% 74% 73% 71% 72% 70% 70% 70% 70% 69% 4Q COVID Annual COVID 84% 80% 80% 79% 80% 77% 77% 76% 72% 70% 74% 79% 78% -- 81% 80%---78% 72% 71% C '18 '19 '20 '21'22 '18 '19 20 '21'22 '18 '19 '20 '21'22 '18 '19 '20 '21'22 '18 '19 20 '21'22 Note: Dotted lines represent incremental average economic occupancy percentage Illustrative Economic Occupancy (1) 10,000 Warehouse Pallets X X X X Х Х × Х x 9,000 Economic Occupancy: 8,500 9,000 8,800 8,500 8,300 7,850 7,600 7,350 7,100 7,000 7,000 7,000 6,800 Physical Occupancy 6,000 X Currently Occupied ☐ Contractually 8,000 Reserved Pallets X X X (1) Example assumes 10,000 pallet positions and is for illustrative purposes only 8,300 americoLO® 5,000 January February March April May June July August September October November December 9

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