Ahold Delhaize Automated Facilities Development Overview
Growing Committed Revenue in Warehouse Portfolio
Significant improvement transitioning from as-utilized, on demand contracts to fixed storage committed contracts and leases
■ Fixed storage committed contracts and leases currently
represent:
46% of warehouse rent and storage revenues (1) and
48% of total warehouse segment revenues (2)
Total Warehouse Rent & Storage Revenue
$854 $854 $884 $907 $919
$936 $969 $1,001 $1,042
$692
54%
64% 61%
61%
61%
60% 59%
59% 58%
59%
■ 8-year weighted average stated term (3)
■ 3-year weighted average remaining term (3)
■ As of March 31, 2023, we had entered into at least one
fixed commitment contract or lease with 23 of our top 25
warehouse customers
■ The scope and breadth of our network positions us to
continue to increase our fixed storage commitments
■ Our recent acquisitions have a lower percentage of fixed
commitment contracts as a percent of rent and storage
revenue. We view this as an opportunity as we bring these
acquisitions onto Americold's commercialization standards
41%
36%
39% 39%
39% 40%
41%
41% 42%
46%
4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23
Other Rent & Storage Revenue
Annualized Committed Rent & Storage Revenue (1)
Total Warehouse Segment Revenue
$1,995 $2,016
$2,115 $2,167 $2,199 $2,204 $2,275 $2,325 $2,353
$1,635
58%
58%
56%
57%
56%
54% 52%
61% 59%
54%
46%
39% 41%
42%
44%
42%
43%
44%
46%
48%
4Q20
1Q21 2Q21 3Q21 4Q21
1Q22 2Q22
3Q22 4Q22 1Q23
Other Warehouse Segment Revenue
Warehouse Segment Revenue Generated by Fixed Commitment Contracts or Leases (2)
Note: Revenues represent LTM figures. Dollars in millions
(1)
(2)
(3)
Based on the annual committed rent and storage revenues attributable to fixed storage commitment contracts and leases as of March 31, 2023
Based on total warehouse segment revenue generated by contracts with fixed storage commitments and leases for the quarter ended March 31, 2023
Represents weighted average term for contracts featuring fixed storage commitments and leases as of March 31, 2023
(4)
Based on LTM warehouse revenue as of March 31, 2023. Amount include 6.0 months of warehouse revenue from De Bruyn Cold Storage acquisition prior to Americold's ownership of the respective
acquired entities
9
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