Americold Realty Trust (COLD) investor relations material

Executive summary

• Five strategic priorities set: balance sheet strength, real estate optimization, organic growth, disciplined capital allocation, and operational efficiency, with clear progress in 2025 and ongoing initiatives for 2026 and beyond.

• Achieved 60% of rent and storage revenues from fixed commitment contracts, increased AFFO, Core EBITDA, and NOI, and completed key development projects.

• Leadership transition occurred in 2025, with a new CEO and several executive appointments and promotions.

Voting matters and shareholder proposals

• Election of ten directors for one-year terms.

• Advisory vote on executive compensation (Say-on-Pay).

• Ratification of Ernst & Young LLP as independent auditor for 2026.

• Advisory vote on a shareholder proposal to allow director removal with or without cause by simple majority, which the Board recommends voting against.

Board of directors and corporate governance

• Board consists of ten members, all but the CEO are independent; annual elections, majority vote standard, and no classified board.

• Chairman and CEO roles are separated; Board diversity in skills, background, and experience.

• Proxy access for shareholders with 3%+ ownership for at least three years.

• Annual Board and committee self-evaluations and executive sessions of independent directors.