americOLD Global Market Leadership and Growth Strategy
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:
40% of warehouse rent and storage revenues (1) and
45% of total warehouse segment revenues (2)
■ 6-year weighted average stated term (3)
3-year weighted average remaining term (3)
■ As of March 31, 2020, we had entered into at least one
fixed commitment contract or lease with 22 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
Rent & Storage Warehouse Revenue
$0.64bn
$0.61bn $0.61bn $0.62bn
$0.51bn $0.51bn $0.51bn $0.51bn $0.52bn
62%
60%
59%
60%
61%
60%
58%
57%
57%
39%
40%
42%
43%
43%
38%
40%
41%
40%
1Q18
2Q18
3Q18
4Q18
1Q19
2Q19 (4)
3Q19 (4)
4Q19 (4)
1Q20 (4)
Other Rent & Storage Revenue
Annualized Committed Rent & Storage Revenue (1)
Total Warehouse Segment Revenue
$1.43bn $1.44bn $1.47bn $1.51bn
$1.15bn $1.16bn $1.17bn $1.17bn $1.18bn
55%
55%
54%
55%
57%
56%
56%
55%
51%
43%
44%
44%
45%
49%
45%
45%
46%
45%
Other Warehouse Segment Revenue
1Q18
2Q18
3Q18 4Q18
1Q19
2Q19 (4)
3Q19 (4)
4Q19 (4)
1Q20 (4)
(1)
(2)
(3)
(4)
Based on the annual committed rent and storage revenues attributable to fixed storage commitment contracts and leases as of March 31, 2020
Based on total warehouse segment revenue generated by contracts with fixed storage commitments and leases for the quarter ended March 31, 2019
Represents weighted average term for contracts featuring fixed storage commitments and leases as of March 31, 2020
Warehouse Segment Revenue Generated by Fixed Commitment Contracts or Leases (2)
10
Figures pro forma for the acquisition of Cloverleaf and Lanier, including 11 months of COLD ownership and 1 months of prior ownership, the acquisition of MHW Group, including 4.5 months of COLD ownership
and 7.5 months of prior ownership and the acquisition of Nova Cold Logistics and Newport Cold Storage, including 3 months of COLD ownership and 9 months of prior ownership
americOLD.View entire presentation