Ahold Delhaize Automated Facilities Development Overview
Warehouse Financial Summary
Contribution
(NOI) Margin
Warehouse Revenue ($mm)
2018A-LTM 3/31/23 CAGR
$2,303
$2,357
$2,085
Actual $
Constant
Currency
(1)
$1,549
$1,377
$1,304
$1,316
$1,177
$1,209
Warehouse
Services
17.5%
18.4%
$883
$795
$662
$876
$999
$1,041
$515
$583
$666
Rent &
Storage
18.0%
19.2%
2018A
2019A
2020A
Rent & Storage
2021A
Warehouse Services
2022A
LTM 3/31/23
Total
17.8%
18.8%
Warehouse NOI ($mm)
2018A-LTM 3/31/23 CAGR
31.8%
32.5%
33.6%
28.1%
27.6%
28.2%
$665
$636
Actual $
Constant
Currency
(1)
$586
$19
$24
$520
$48
$448
$82
$375
Warehouse
Services
(14.8%)
(13.5%)
$61
$37
$612
$646
$538
$338
$387
$438
Rent &
Storage
16.5%
17.5%
Total
14.5%
15.5%
2018A
2019A
2020A
2021A
2022A
LTM 3/31/23
Rent & Storage
Warehouse Services
Since 2018, Warehouse NOI has grown with a CAGR of approximately 15%
(1)
On a constant currency basis relative to fiscal year 2018 foreign currency exchange rates
10
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