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 June 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 (State ...

Iron Mountain Incorporated Conference Call Summary Company Overview - **Company**: Iron Mountain Incorporated (NYSE: IRM) - **Participants**: William Meaney (CEO), Barry Hytinen (CFO) - **Conference Date**: June 7, 2022 Key Industry Insights - **Industry**: Business Services, specifically focused on data management and storage solutions Core Points and Arguments 1. **Transformation Journey**: Iron Mountain has undergone significant transformation over the past decade, with a focus on understanding its strengths and evolving its business model accordingly [4][5] 2. **Customer Base**: 950 of the Fortune 1000 companies have been long-term customers, establishing deep trust and relationships [5] 3. **Financial Strength**: The company generates substantial cash flow, facilitating its transition to a Real Estate Investment Trust (REIT) structure, which is beneficial for income-oriented investors [5] 4. **Total Addressable Market (TAM)**: The TAM for Iron Mountain's products and services has expanded from $10 billion to $120 billion, driven by new product offerings and customer demand [7][8] 5. **EBITDA Growth**: Projected EBITDA growth is expected to be around 10% year-over-year, supported by a strengthening balance sheet and cash generation capabilities [9] 6. **Physical Storage Outlook**: The physical storage business remains stable, with slight volume declines offset by strong pricing power, leading to positive revenue growth [11][13] 7. **Data Center Business**: The data center segment is rapidly growing, with significant demand from hyperscale customers, leading to increased capacity leasing [15][17] 8. **Asset Life Cycle Management (ALM)**: The ALM business is positioned for growth due to increasing demand for IT asset recycling and destruction, particularly as legislation in regions like France mandates recycled components [20][21] 9. **Sustainability Initiatives**: Iron Mountain is committed to sustainability, being the only third-party data center provider that is 100% renewable, which enhances its market position [18][19] 10. **Pricing Power**: Strong pricing power across all business segments is expected to drive organic growth, with service revenues growing significantly while maintaining low labor cost increases [30][32] Additional Important Insights - **Dividend Policy**: The company aims for a target payout ratio of low to mid-60s for AFFO, with plans to grow dividends in line with AFFO growth [36] - **Capital Allocation**: Iron Mountain maintains a leverage target ratio of 4.5x to 5.5x, successfully de-leveraging while investing in growth [37] - **Market Dynamics**: The company anticipates improved performance in the second half of the year as supply chain issues ease, particularly in China [39][40] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Iron Mountain's robust market position and growth potential in the evolving business services landscape.

April 28, 2022 IRON MOUNTAIN® Q1 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 ...

Iron Mountain, Inc. (NYSE:IRM) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Gillian Tiltman - SVP & Head, IR William Meaney - President & CEO Barry Hytinen - EVP & CFO Conference Call Participants Sheila McGrath - Evercore ISI Kevin McVeigh - Credit Suisse Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Eric Luebchow - Wells Fargo George Tong - Goldman Sachs Operator Good morning, and welcome to the Iron Mountain First Quarter 2022 Earnings. Conference Call. All par ...

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 March 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 Specified in Its Charter) Delaware 23-2588479 (State ...

Q4 2021 Earnings Call February 24, 2022 Forward looking statements We have made statements in this press release 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 operations, economic performance, financial condition, goals, beliefs, future growth strategies, investment objectives, plans and current expectations, such as our (1) 2022 guidance as well as our expec ...

Iron Mountain, Inc. (NYSE:IRM) Q4 2021 Earnings Conference Call February 24, 2022 8:30 AM ET Company Participants Gillian Tiltman - SVP & Head, IR William Meaney - President, CEO & Director Barry Hytinen - EVP & CFO Conference Call Participants Sheila McGrath - Evercore ISI Shlomo Rosenbaum - Stifel, Nicolaus & Company Kevin McVeigh - Crédit Suisse George Tong - Goldman Sachs Group Andrew Steinerman - JPMorgan Chase & Co. Eric Luebchow - Wells Fargo Securities Operator Good morning, and welcome to the Iron ...

☐ 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 _________________________________________________________ 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, 2021 or IRON MOUNTAIN INCORPORATED (Exact name of Registrant as ...

Iron Mountain Incorporated (NYSE:IRM) Annual Virtual Wells Fargo TMT Summit November 30, 2021 4:00 PM ET Company Participants Barry Hytinen - CFO Conference Call Participants Eric Luebchow - Senior Analyst Covering Telecom Services, Communications Infrastructure Operator Good afternoon, everyone. Before we get started, if you are a member of the press or media, please disconnect at this time. This is a restricted line. Any unauthorized party in this meeting or any unauthorized use of the information communi ...

Q3 2021 Earnings Call November 4, 2021 Forward looking statements We have made statements in this press release 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 operations, economic performance, financial condition, goals, beliefs, future growth strategies, investment objectives, plans and current expectations, such as our (1) 2021 guidance as well as our expect ...