Financial Performance Highlights - Total revenue for Q4 2019 increased by 169% to $4860 million compared to the same quarter of the prior year[12] - Total NOI for Q4 2019 increased by 268% to $1378 million compared to the same quarter of the prior year[12] - Core EBITDA for Q4 2019 increased by 288% to $1091 million or 296% on a constant currency basis[12] - Global Warehouse segment revenue increased 256% to $3838 million for Q4 2019[12] - Global Warehouse segment NOI increased 289% to $1295 million for Q4 2019[19] Warehouse Operations - As of December 31 2019 the company operated 178 temperature-controlled warehouses encompassing over one billion cubic feet[4] - Global Warehouse segment same store revenue grew 34% or 45% on a constant currency basis for Q4 2019[19] - Global Warehouse segment same store NOI improved 91% or 100% on a constant currency basis for Q4 2019[19] - Economic occupancy for the total warehouse segment was 831% and warehouse segment same store pool was 846% for Q4 2019[29] Capital Activities - The company completed $14 billion of strategic acquisitions during 2019[11] - The company had total liquidity of approximately $14 billion as of December 31 2019[31]

EARNINGS RELEASE & FINANCIAL SUPPLEMENT First Quarter 2020 Corporate Profile We are the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature- controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of March 31, 2020, we operated a global network of 183 temperature-controlled warehouses encompassing over one billion cubic feet, with 161 warehouses in th ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Second Quarter 2020 Financial Supplement Second Quarter 2020 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 16 | | Financial Information | | | Condensed Consolidated Balance Sheets | 18 | | Condensed Consolidated Statements of Operations | 19 | | Reconciliation of Net Income to NAREIT FFO, Core FFO and AFFO | 20 | | Reconciliation of Net Income to EBITDA, NAREIT EBITDAre, and ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Third Quarter 2020 Financial Supplement Third Quarter 2020 2 Financial Supplement Third Quarter 2020 Corporate Profile We are the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. We are organized as a self-administered and self-managed REIT with proven operating, development and acquisition expertise. As of September 30, 2020, we operated a global network of 185 temperature-cont ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Fourth Quarter 2020 Financial Supplement Fourth Quarter 2020 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 17 | | Financial Information | | | Condensed Consolidated Balance Sheets | 19 | | Condensed Consolidated Statements of Operations | 20 | | Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and AFFO | 21 | | Reconciliation of Net (Loss) Income to EBITDA, NAREIT ...

EARNINGS RELEASE & FINANCIAL SUPPLEMENT First Quarter 2021 Financial Supplement First Quarter 2021 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 14 | | Financial Information | | | Condensed Consolidated Balance Sheets | 16 | | Condensed Consolidated Statements of Operations | 17 | | Reconciliation of Net (Loss) Income to NAREIT FFO, Core FFO and AFFO | 18 | | Reconciliation of Net (Loss) Income to EBITDA, NAREIT E ...

Financial Performance Highlights - Total revenue increased by 35.7% to $654.7 million in Q2 2021 compared to Q2 2020[11] - Total NOI increased by 21.0% to $155.3 million in Q2 2021 compared to Q2 2020[11] - Global Warehouse segment revenue increased by 35.3% to $503.7 million in Q2 2021 compared to Q2 2020[11] - Core EBITDA increased 17.7% to $118.3 million in Q2 2021[11] - AFFO was $71.7 million, or $0.28 per diluted common share in Q2 2021[11] Warehouse Segment Performance - Global Warehouse segment NOI increased 20.2% to $144.4 million in Q2 2021[11] - Global Warehouse segment same store revenue increased 2.1% in Q2 2021[11] - Global Warehouse segment same store NOI decreased by 0.8% in Q2 2021[11] - Total warehouse segment revenues were $989.2 million for the six months ended June 30, 2021[84] - Warehouse segment contribution was $290.9 million for the six months ended June 30, 2021[84] Acquisitions and Developments - The company completed the acquisition of KMT Brrr! in New Jersey for $71.1 million on May 5, 2021[11] - The company closed on the acquisition of ColdCo in St Louis, Missouri for $20.5 million on August 2, 2021[14] - The company entered into a purchase agreement to acquire Newark Facility Management in Newark, New Jersey for $376.5 million[14] - The company entered into a purchase agreement to acquire Lago Cold Stores in Brisbane, Australia for A$106.4 million[14]

EARNINGS RELEASE & FINANCIAL SUPPLEMENT Third Quarter 2021 Financial Supplement Third Quarter 2021 Table of Contents | Overview | PAGE | | --- | --- | | Corporate Profile | 3 | | Earnings Release | 5 | | Selected Quarterly Financial Data | 16 | | Financial Information | | | Condensed Consolidated Balance Sheets | 18 | | Condensed Consolidated Statements of Operations | 19 | | Reconciliation of Net Income (Loss) to NAREIT FFO, Core FFO and AFFO | 20 | | Reconciliation of Net Income (Loss) to EBITDA, NAREIT E ...

Company Overview - Americold is the world's largest publicly traded REIT focused on temperature-controlled warehouses[5] - The company has 246 warehouses, with 186 owned, 51 capital/operating leased, and 9 managed[5] - The total capacity is 14 billion cubic feet or 48 million square feet, with an average facility size of 59 million cubic feet or 194,000 square feet[5] - The company estimates a 22% U S market share and serves approximately 4,000 customers with approximately 52 million pallet positions[5] - The total enterprise value is $124 billion, with an equity market cap of $98 billion[5, 6] Financial Performance - The YTD total revenue growth rate is 313% and NOI growth rate is 177%[6] - LTM PF Core EBITDA is $5239 million[6] - The annualized dividend per share for 2Q21 is $088[6] - Warehouse segment contributes 94% of NOI, while third-party managed contributes 2%, and transportation contributes 4%[6] - LTM 6/30/21 total revenue breakdown shows warehouse contributing 77%, third-party managed 13%, and transportation 10%[6] Market Conditions and Challenges - Strong end consumer demand is coupled with constrained food production due to labor challenges, impacting the global warehouse business[8] - Inflationary pressures are impacting Americold's costs, including labor, power, utilities, property taxes, and insurance[9] - The company expects to pass through increased costs through price increases and efficiencies[9] - Fixed commitment contracts help mitigate the impact of food supply chain disruptions, increasing from less than 5% to 39% since 2014[12] Growth and Expansion - The company has expansion and development opportunities with an estimated investment of over $1 billion, including customer-specific and market-demand projects[44] - Americold acquired Agro Merchants Group for approximately $17 billion, adding 46 facilities in 10 countries with approximately 236 million cubic feet of refrigerated space[48] - The company is expanding its Russellville, Arkansas facility for Conagra Brands with an investment of approximately $84 million[49] Financial Strategy - The company has a flexible balance sheet positioned for growth, with investment-grade ratings[52] - The total debt is $29 billion, with 84% being fixed-rate debt and 80% being unsecured[52] - The company has significant liquidity of approximately $13 billion, including undrawn revolver availability and forward proceeds[52]

Financial Performance - Total revenue for Q1 2022 was $7057 million, an 112% increase year-over-year[11] - Total NOI for Q1 2022 increased 06% to $1583 million compared to the same quarter of the prior year[12] - Core EBITDA decreased by 59% to $1109 million, or 22% on a constant currency basis[13] - The company reported a net loss of $174 million, or $006 per diluted share[14] - Core FFO was $463 million, or $017 per diluted share[14] - AFFO was $689 million, or $026 per diluted share[15] Global Warehouse Segment - Global Warehouse segment revenue increased 114% to $5409 million[16] - Global Warehouse segment NOI increased 01% to $1463 million[16] - Global Warehouse segment same-store revenue increased 45%, or 60% on a constant currency basis[16] - Global Warehouse segment same-store NOI decreased by 47%, or 36% on a constant currency basis[16] - Global Warehouse segment margin was 270%, a 307 basis point decrease[19] Debt and Liquidity - The company had total liquidity of approximately $6570 million[28] - Total debt outstanding was $32 billion, with 83% in an unsecured structure[28] - Net debt to pro forma Core EBITDA was approximately 66x[28] - 72% of the company's total debt outstanding was at a fixed rate[28] Occupancy and Fixed Commitments - Economic occupancy for the total warehouse segment was 768%, and the warehouse segment same-store pool was 776%[26] - 398% of rent and storage revenue was generated from fixed commitment storage contracts, assuming a full twelve months of acquisitions revenue[25]