Iron Mountain Incorporated (delaware) · NYSE:IRM
Iron Mountain Incorporated (delaware) — Iron Mountain — Q3 2024 Earnings Presentation
6 slides from Iron Mountain Incorporated (delaware)'s earnings presentation, Nov 6, 2024
Slide 1: Q3 2024 Earnings Presentation
Q3 2024 Earnings Presentation November 6, 2024
Slide 2: Forward Looking Statements
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 regarding
Slide 3: Q3 Highlights
Q3 Highlights Strong quarterly performance and exceeded guidance ● Revenue of $1.6 billion ● Adjusted EBITDA of $568 million ● AFFO of $332 million ● AFFO per share of $1.13 ● Net Income of $(34) million Year over Year Growth ● Total Revenue growth of 12% ● Adjusted EBITDA growth of 14% ● AFFO growt
Slide 4: Third Quarter 2024
Third Quarter 2024 (S$ in millions, except per share data) Three Months Ended YIY % Change Year to Date YY % Change 9/30/24 9/30/23 + Reported$ ConstantFx 9/30/24 9/30/23 + Reported$ Constant Fx Storage Rental Revenue $936 $859 9% 9% $2,740 $2,500 10% 10% Service Revenue $622 $530 17% 18% $1,828 $1,
Slide 5: Well Positioned Balance Sheet
Well Positioned Balance Sheet • Quarter-end leverage of 5.0x net lease adjusted ○ Lowest level since before the company’s REIT conversion in 2014 • $2.0 billion of liquidity • 78% fixed rate debt • 5.7% weighted average interest rate • 4.9 years weighted average maturity 5
Slide 6: 2024 Guidance
2024 Guidance In light of the strength of the quarter and our positive outlook for the remainder of the year, we are on track to achieve the high end of our full year guidance. ($ in millions, except per share data) 2024 Guidance (1) 4th Quarter Outlook Total Revenue $6,000 - $6,150 ~$1,600 Adjusted