Lineage, Inc. · NASDAQ:LINE
Lineage — Nareit REITweek 2025 Investor Conference
10 slides from Lineage's conference presentation, Jun 2, 2025
Slide 1: Lineage Business Update, NAREIT REITweek 2025
Lineage Business Update NAREIT REITweek 2025 June 2, 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements. Certain statements contained in this Presentation, other than historical facts, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expect
Slide 3: Reaffirming 2025 Guidance
Reaffirming 2025 Guidance 2025 Guidance Range YoY Growth Adjusted EBITDA ($M) $1,350 - $1,400 + 2% - 5% AFFO per share $3.40 - $3.60 + 3% - 9% Note: Guidance excludes the impact of unannounced future acquisitions or developments NAREIT REITweek – June 2, 2025 – Business Update Summary • Q2 performan
Slide 4: Maintaining Price Stability
Maintaining Price Stability LINE – Revenue per Pallet History1 Contract Cadence $75 +2.2% CAGR ~45% of LINE Global Warehousing Revenue is tied to contracted $65.39 $65 escalators, either fixed or inflationary $59.90 Of the remaining ~55% of the $55 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 5: Seasonal Inventory Patterns after Industry Destocking
Seasonal Inventory Patterns after Industry Destocking USDA Quarterly Average Holdings1 Lineage Warehouse Utilization vs Hypothetical Under Typical Seasonality2 1 In Q4 2021, Lineage Global WH 2015-2019 physical utilization was 77.3%. (lbs in 000s) q/q % Change 1 Lineage inventory levels then 2 3 beg
Slide 6: Scale and Location Matter: A Chicagoland Snapshot
Scale and Location Matter: A Chicagoland Snapshot Unmatched scale in one of the most important food ~4.3mm ~550k 13 distribution markets. Square Feet Pallet Positions Warehouses >700 20+ ~1000 Customers Unique Service Team Members Offerings Differentiated Service Offerings Blast Freezing Freight For
Slide 7: Success in 2025 and Beyond
Success in 2025 and Beyond CUSTOMER SUCCESS WAREHOUSE PRODUCTIVITY LEVERAGING SCALE New Business Wins Daily Labor Planning Procurement Enhancements • Strong new business pipeline supporting • Expand rollout of daily labor planning • Insurance – generated savings from occupancy opportunities matching
Slide 8: LinOS Rollout Feeds Our Growth Flywheel
LinOS Rollout Feeds Our Growth Flywheel UNDERWRITTEN NEAR TERM LONG TERM IMPROVEMENT HALO EFFECT HALO EFFECT Direct Labor Building Density GIS Segment Growth Productivity Improvements Improvement Automated vs. Conventional Build Reduced Hiring and Tradeoffs Increased Training Costs Revenue Upside to
Slide 9: Closing Landmark Agreements with Tyson Foods
Closing Landmark Agreements with Tyson Foods Agreements Summary and Timeline Assets to be Acquired Acquisition and Warehousing Agreements1 • Agreement to acquire four assets (Pottsville, PA; Olathe, KS; 1.4M 160K $247M Rochelle, IL; Tolleson, AZ) from Tyson Foods for $247M 49M • Agreement to design,
Slide 10: Thank you
Thank you C O N TA C T Evan Barbosa VP, Investor Relations ir@onelineage.com 10