Americold Realty Trust, Inc. · NYSE:COLD
Americold Realty Trust — Investor Presentation (September 2025)
32 slides from Americold Realty Trust's investor presentation, Sep 8, 2025
Slide 1: Corporate Deck | September 8, 2025
C o r p o r a t e D e c k | S e p t e m b e r 8 , 2 0 2 5 Unlocking Growth through our Infrastructure, Expertise and Partnerships
Slide 2: Disclaimer
Disclaimer This presentation contains statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are based on our beliefs, assumptions and expectations of our future financial and operating performance and growth plans, taking into account
Slide 3: Americold – A Compelling Growth Opportunity
3 Execution-focused and well positioned strategy centered on solutions, operational excellence, and experienced leadership 4 Multiple growth drivers with a capital allocation strategy supported by a blue-chip customer base, unique partnerships, and strong financial profile Americold – A Compelling G
Slide 4: americolo
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Slide 5: Significant Scale & Expertise from 120+ Years of Experience
Significant Scale & Expertise from 120+ Years of Experience Note: Figures as of June 30, 2025. 237 Warehouses include 3 Managed sites. Figures may not sum due to rounding 5 Significant Scale Global Footprint Cubic Feet / Warehouse Count South America 10M/ 2 North America 1,253M / 192~5.5M Pallet Pos
Slide 6: Financial Highlights
Note: Figures as of June 30, 2025. Figures may not sum due to rounding 1) Based on COLD share price of $16.63 as of June 30, 2025 2) Represents share of Revenues and NOI from Same Store Warehouse Segment on a constant currency basis 3) Reconciliations of non-GAAP measures to the most comparable GAAP
Slide 7: Serving Customers with a Proven End-to-End Operating Model
7 Serving Customers with a Proven End-to- End Operating Model • Focus on designing Solutions that Fit our Customers' Needs • In-house Design Engineering Team • Industry leading experience designing facilities to support every type of Food Producer and Distributor • ~13K Americold associates operatin
Slide 8: Americold is Essential to the Farm to Fork Cold Chain
Americold is Essential to the “Farm to Fork” Cold Chain 8 Production Advantaged Warehouse Distribution Center / Public Warehouse Retail Distribution Center Restaurant School Hospital Hotel Sports Government Consumers Enhanced with Key Strategic Partnerships Supermarket e-Commerce Fulfillment Farm Fo
Slide 9: Why Customers Choose Americold
Why Customers Choose Americold Deep Customer Relationships Drive Growth Opportunities Broad and strategically-located network of facilities Comprehensive value-added services, including port support, blast freezing, tempering, labeling, repacking, and order fulfillment/assembly Top 25 Customers Cont
Slide 10: New Management Team Committed to Increasing Shareholder Value
10 New Management Team Committed to Increasing Shareholder Value Jay Wells Chief Financial Officer COLD: Joined & Appointed 2024 ~40 years experience Robert Chambers Chief Executive Officer COLD: Joined 2013/Appointed 2025 ~20 years experience Sam Charleston Chief Human Resources Officer COLD: Joine
Slide 11: Significant Growth Over the Past Years
Significant Growth Over the Past 3 Years 11 • Jay Wells appointed CFO • Hiring and retention progress – exceeded $100M productivity target • Project Orion improving labor productivity and efficiencies • Grew same store service margins by 911 bps to 12.9% • Refocus on 4 key strategic priorities: labo
Slide 12: americoto
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Slide 13: Unique Value Proposition Driven by Unparalleled Expertise and Scalable Infrastructure
13 Unique Value Proposition Driven by Unparalleled Expertise and Scalable Infrastructure Strategic Partnerships providing unique growth opportunities exclusive to Americold Scalable Infrastructure Conventional & Automated capabilities at all nodes of the supply chain Advanced Operating System ensure
Slide 14: Scalable Infrastructure with Access to All Major U.S. Markets
Scalable Infrastructure with Access to All Major U.S. Markets 14 81% owned network of high- quality, strategically located warehouses Mix of conventional and automated solutions to efficiently meet customer needs on every node of the cold storage chain Typical delivery in 2 days or less with ability
Slide 15: Americold's Critical Infrastructure at Every Node
Americold’s Critical Infrastructure at Every Node 15 PRODUCTION ADVANTAGED Storage/VAS for food close to production PORTS Storage/VAS for food close to ports (rail, maritime, inland) MAJOR MARKET DISTRIBUTION Storage/VAS for food close to consumption (demand) in major cities RETAIL STORE DISTRIBUTIO
Slide 16: Core Operating Expertise Enhanced by Best-in-Class Partnerships
Partner Since Core Operating Expertise Enhanced by Best-in-Class Partnerships Operational Partners 16 • CPKC – First-of-its-kind rail-attached facility supporting the closed loop cold chain service between Mexico and US utilizing intermodal, bypassing customs (Kansas City - Opened Q2 2025). • DP Wor
Slide 17: Active Expansion & Developments
17 Active Expansion & Developments Development pipeline ~$1B in current projects ~$300M in projects from strategic partnerships ~$100M ROIC on underwritten projects 10-12% 33% 53% 14% Build to Suit Multi-Tenant Multi-Tenant - strategic partnerships Tenant Opportunity (by pallet positions) 36% 50% 14
Slide 18: Advanced Operating Systems and Warehouse Management Expertise
Advanced Operating Systems and Warehouse Management Expertise Americold Operating System ensures best practices across entire network 18 Customer Focus Labor Optimization Continuous Improvement Safety Talent Stewardship Food Safety Asset Protection Inventory Management Energy Excellence Refrigeratio
Slide 19: Technology Differentiation: Improving Efficiency and Lowering Cost
Technology Differentiation: Improving Efficiency and Lowering Cost 19 Native Project Orion ERP Standardize processes, reduce manual work and improve analytics • Warehouse management system (WMS) provides visibility to ensure orders delivered on-time and in-full (OTIF) • Labor management system (LMS)
Slide 20: Well-Positioned Strategy
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Slide 21: Industry-Wide Headwinds Largely Transitory
Industry-Wide Headwinds Largely Transitory • Elevated interest rates impacting consumer income and manufacturer working capital • Food inflation is outsized, highest percentage of household income in 40 years • Tariff uncertainty creating indirect impacts to consumer & manufacturer confidence • Gove
Slide 22: Long-Term Industry Fundamentals Driving Resiliency
Long-Term Industry Fundamentals Driving Resiliency • Changing consumption patterns towards meal kits and fresh and healthy food • Rising e-commerce and online grocery demand driving need for efficient delivery systems to consumers • Reshoring of essential sectors including food production increases
Slide 23: A Global Leader in Temperature-Controlled Warehousing
23 A Global Leader in Temperature- Controlled Warehousing Cold Storage Industry Market Share 1,261M cubic feet 194 facilities 1,461M cubic feet1 237 facilities Note: Americold portfolio figures as of June 30, 2025. Figures may not sum due to rounding 1) Figures do not include Americold’s Middle East
Slide 24: Focused Strategy to Capture the Multiple Growth Drivers
Focused Strategy to Capture the Multiple Growth Drivers Solutions That Fit Needs Operational Excellence Capabilities Leadership Commercial Excellence Provider of Choice Technology EnablementEmployer of Choice • Expand wallet share and service offerings through strategic account management and consul
Slide 25: americo.io
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Slide 26: Strong Same-Store Warehouse Revenue and NOI Growth
Strong Same-Store Warehouse Revenue and NOI Growth 26 Note: Revenues represent LTM figures. Dollars in millions 1) Based on the annual committed rent and storage revenues attributable to fixed storage commitment contracts and leases as of June 30, 2025 2) Represents weighted average term for contrac
Slide 27: Strong EBITDA Margins Supported by Ongoing Efficiency Initiatives
Strong EBITDA Margins Supported by Ongoing Efficiency Initiatives 27 Core EBITDA ($M) and Margin (%) 17.5% 17.1% 34% growth • Effectively optimizing margins across all business areas • Creating a solid foundation with efforts over the past three years to build a productive, stabilized workforce supp
Slide 28: Well-Laddered Maturity Profile
Well-Laddered Maturity Profile Note: Dollars in millions. Figures based on company filings as of June 30, 2025. Balances denominated in foreign currencies have been translated to USD. Figures may not sum due to rounding 1) Revolver maturity date assumes the exercise of two six month extension option
Slide 29: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Focused on Driving Growth and Generating Shareholder Value Organic Reinvestment in the Business Returning Capital to Shareholders Opportunistic and Disciplined M&A • Grow annualized dividend per share • Growth and expansion through acquisitions of desirable as
Slide 30: Commitment to Sustainability Initiatives
Commitment to Sustainability Initiatives Environmental Commitment to Energy Excellence and Efficiency • Recognized under the Global Cold Chain Alliance’s (GCCA) Energy Excellence Recognition Program with Gold, Silver or Bronze certifications at 213 facilities • 9.48% reduction in Scope 1 and 2 emiss
Slide 31: 2025 Guidance
31 2025 Guidance(1) August 25, 2025 Warehouse segment same store revenue growth (constant currency) (4.0)%-0.0% Warehouse segment same store NOI growth (constant currency) 50 to 100 bps lower than associated revenues Warehouse segment non-same store NOI $7M-$13M Transportation and Management segment
Slide 32: Americold – A Compelling Growth Opportunity
3 Execution-focused and well positioned strategy centered on solutions, operational excellence, and experienced leadership 4 Multiple growth drivers with a capital allocation strategy supported by a blue-chip customer base, unique partnerships, and strong financial profile Americold – A Compelling G
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