Workflow
Americold Realty Trust(COLD) - 2022 Q1 - Earnings Call Presentation

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]