Americold Key Investment Highlights & ESG Initiatives
Expansion and Development Overview
(1)
(2)
(3)
(4)
(5)
Recently
Completed/
Ramping to
Stabilization
Rochelle, IL
Expansion and Development Opportunities (1)
Lurgan, N. Ireland
Calgary, Canada
Columbus, OH
Savannah, GA
Dunkirk, NY
Atlanta, GA
Dublin, Ireland
Auckland, NZ
Barcelona, Spain
Total Estimated Cost (2)
Total Estimated Stabilized NOI (3)
~$469mm
~$47mm
Highlighted Projects Completed within the last 18 months and
represent ~$283mm of Cost (2) and $32mm of NOI (3)
Atlanta 2, GA
Under
Construction
Russellville, AR
Lancaster, PA
Current
Development
Pipeline (5)
Plainville, CT
46.1mm Cu Ft
Spearwood, Australia ~145,000 Pallets
Estimated Cost to Complete (4)
~$73mm
~$433mm spent / ~$506mm total
(3 Expansions/2 Developments)
Estimated Investment $1bn+
Includes both customer-specific and market-demand
Global opportunities
Greenfield developments and expansions
✓ Automated and conventional facilities
✓ Food manufactures and retail customers
Expansion
Opportunities
Customer-
Specific
Market-
Demand
Existing Sites
+ for Future
Expansion
730+ acres of excess
developable land
In current portfolio
As of December 31, 2022; no assurance can be given that the actual cost or completion dates of any expansions or developments will not exceed our estimate
Cost to date through December 31, 2022; projects are substantially complete. Additional spending may be incurred for residual cost and retainage. Exchange rates as of December 31, 2022
Based on midpoint of estimated NOI ROIC
Reflects midpoint of Management's estimated cost range to complete as of December 31, 2022
These future pipeline opportunities are at various stages of discussion and consideration and, based on historical experiences, many of them may not be pursued or completed as contemplated or at all
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