Iron Mountain Incorporated (NYSE:IRM) Morgan Stanley Technology, Media & Telecom Conference March 7, 2023 11:35 PM ET Company Participants Barry Hytinen - CFO Gillian Tiltman - Heah of IR Conference Call Participants Calvin Lam - Morgan Stanley Calvin Lam Okay. Great. Well, it's a little after 8:35, so why don't we begin? First off, my name is Calvin. I lead our communications banking practice at Morgan Stanley. I'm pleased to be joined here today by Iron Mountain, Barry Hytinen, he's the CFO; and Jill Tilt ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13045 _________________________________________________________ IRON MOUNTAIN INCORPORATED (Exact name of Registrant as ...

Iron Mountain Incorporated. (NYSE:IRM) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Gillian Tiltman - Senior Vice President, Head of Investor Relations William Meany - President, Chief Executive Officer Barry Hytinen - Executive Vice President, Chief Financial Officer Conference Call Participants George Tong - Goldman Sachs Kevin McVeigh - Credit Suisse Andrew Steinerman - JPMorgan Adam Parrington - Stifel Operator Good morning and welcome to the Iron Mountain Fourth Qu ...

Iron Mountain Incorporated (NYSE:IRM) 6th Annual Virtual Wells Fargo TMT Summit November 29, 2022 1:40 PM ET Company Participants Barry Hytinen - Chief Financial Officer Conference Call Participants Eric Luebchow - Wells Fargo Securities Eric Luebchow All right. So good morning, everyone. We're going to kick it off here. Continuing on with our TMT Summit, very pleased this morning. We have the CFO of Iron Mountain, Barry Hytinen. So Barry, thank you for joining us. Barry Hytinen Thank you for having us. It' ...

Iron Mountain Incorporated Conference Call Summary Company Overview - **Company**: Iron Mountain Incorporated (NYSE: IRM) - **Participants**: - Bill Meaney - President and CEO - Barry Hytinen - Executive Vice President and CFO - **Date**: November 17, 2022 Key Industry and Company Insights 1. Organic Revenue Growth - The Global Records and Information Management (RIM) business has seen organic growth accelerate to **14%**, up from low single digits pre-COVID, with total growth at **18%** [4][5] - Growth drivers include: - High single-digit growth in organic storage - Over **20%** growth in digital services [5] 2. Volume Growth Expectations - Organic volume growth in Global RIM is expected to be between **0.5% to 1%**, with potential declines in traditional business records [6][7] 3. Profitability of New Business Segments - Traditional record storage is a high-margin business, while newer segments are expected to improve margins as they scale [10][11] - New business areas are anticipated to continue growing due to large expanding markets [11] 4. Pricing Initiatives - Global RIM storage revenues grew **7%** organically, primarily driven by pricing strategies [12] - The company has a well-established revenue management program, with expectations of mid-single-digit growth in pricing [13][14] 5. Digital Services Growth - Digital services within the Global RIM portfolio grew nearly **26%** organically, driven by intelligent document processing and cloud-based solutions [16][18] - The company is increasingly digitizing inventory from clients not currently stored with Iron Mountain, indicating growth potential [20][21] 6. Data Center Business Expansion - Iron Mountain plans to invest **$4 billion** in growth capital from 2023 to 2026, primarily for data center build-outs [24][28] - The data center business is growing at over **20%** year-over-year, driven by demand from cloud service providers [25][26] 7. Cash on Cash Returns - Targeted cash on cash returns for the colo retail business are in the **11-13%** range, while hyperscale returns are around **7-9%** [30] 8. Asset Lifecycle Management (ALM) - The acquisition of ITRenew has expanded the ALM business, with synergies observed between data center and ALM offerings [32][34] - ALM is seeing increased volume from hyperscale customers, indicating strong cross-selling opportunities [34] 9. Debt Management and Dividend Strategy - The company's net leverage ratio is **5.2x**, within the target range of **4.5x to 5.5x** [37][38] - The payout ratio is currently **66%**, with plans to grow the dividend in line with AFFO growth as leverage is managed [39][40] 10. Market Dynamics and Future Outlook - The company is optimistic about growth in the data center and digital services sectors, with strong demand expected to continue [26][31] - Economic pressures in China may influence the recovery of the business, particularly in the context of COVID-19 policies [36] Conclusion Iron Mountain is positioned for continued growth through its diversified service offerings, strategic investments in data centers, and effective pricing strategies. The company is focused on maintaining a balanced approach to leverage and dividend growth while capitalizing on emerging market opportunities.

Iron Mountain Incorporated (NYSE:IRM) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Bill Meany - President, Chief Executive Officer Barry Hytinen - Executive Vice President, Chief Financial Officer Gillian Tiltman - Senior Vice President, Head of Investor Relations Conference Call Participants Shlomo Rosenbaum - Stifel Kevin McVeigh - Credit Suisse George Tong - Goldman Sachs Eric Luebchow - Wells Fargo Wendy Ma - Evercore Andrew Steinerman - JP Morgan Brendan Lynch - Ba ...

November 3, 2022 IRON MOUNTAIN® Q3 2022 Earnings Call 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 our future results from operations, economic performance, financial condition, goals, strategies, investment objectives, plans and achievements. These forward ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number 1-13045 IRON MOUNTAIN INCORPORATED (Exact Name of Registrant as Specified in Its Charter) Delaware 23-2588479 (S ...

Iron Mountain Incorporated. (NYSE:IRM) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Gillian Tiltman – Senior Vice President and Head-Investor Relations Bill Meaney – President and Chief Executive Officer Barry Hytinen – Executive Vice President and Chief Financial Officer Conference Call Participants George Tong – Goldman Sachs Shlomo Rosenbaum – Stifel Sheila McGrath – Evercore Brendan Lynch – Barclays Eric Luebchow – Wells Fargo Operator Good morning, and welcome to the ...

August 4, 2022 IRON MOUNTAIN® Q2 2022 Earnings Call 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 our future results from operations, economic performance, financial condition, goals, strategies, investment objectives, plans and achievements. These forward-l ...