Iron Mountain Incorporated (delaware) · NYSE:IRM
Iron Mountain Incorporated (delaware) — Iron Mountain — Q4 2022 Earnings Presentation
7 slides from Iron Mountain Incorporated (delaware)'s earnings presentation, Feb 23, 2023
Slide 1: Q4 2022 Earnings Call
Q4 2022 Earnings Call February 23, 2023
Slide 2: Forward Looking Statements
2 Forward Looking Statements We have made statements in this presentation that constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements concern our current expectations regardin
Slide 3: Record 4Q Accomplishments
3 Record 4Q Accomplishments ● Strong quarterly performance ○ Revenue of $1.28 billion, up 10% year over year, or 14% excluding the impact of Fx ○ Adjusted EBITDA of $472 million, growth of 10% year over year, or 13% excluding the impact of Fx ○ Net Income of $126 million ○ AFFO of $287 million, up 7
Slide 4: FY22 Accomplishments
4 FY22 Accomplishments ● Record full year performance ○ Revenue of $5.1 billion, up 14% year over year, or 17% excluding the impact of Fx ○ Adjusted EBITDA of $1.8 billion, growth of 12% year over year, or 15% excluding the impact of Fx ○ Net Income of $562 million ○ AFFO of $1.1 billion, up 10% yea
Slide 5: Strong Q4 and FY2022
Strong Q4 and FY2022 (Sin millions, except per share data) Three Months Ended YIY % Change Full Year YIY % Change 12/31/22 12/31/21 + Reported$ ConstantFx 12/31/22 12/31/21 Reported$ Constant Fx Storage Rental Revenue $770 $725 6% 10% $3,034 $2,870 6% 9% Service Revenue $510 $434 17% 22% $2,070 $1,6
Slide 6: Well Positioned Balance Sheet
6 Well Positioned Balance Sheet • Year-end leverage of 5.1x net lease adjusted ○ Lowest level since 2017 • ~$1.3 billion of liquidity • ~78% fixed rate debt • 5.2% weighted average interest rate • 6.1 years weighted average maturity
Slide 7: 2023 Guidance
7 2023 Guidance ● Outlook: For the first quarter, we expect strong growth trends to continue with Revenue in excess of $1.3 billion, Adjusted EBITDA of approximately $460 million, AFFO of approximately $270 million, and AFFO per share of approximately $0.92 ($ in millions, except per share data) App