IRM Investor Presentation
UPDATE ON FULL YEAR 2022
FY22 ACCOMPLISHMENTS
• Record full year performance
($M, Except per Share Data)
Full Year
YOY % A
Revenue of $5.1B, up 14% YoY, or 17% excluding Fx impact
12/31/22
12/31/21
Reported $ Constant Fx
Adjusted EBITDA of $1.8B, growth of 12% YoY, or 15%
excluding Fx impact
Storage Rental Revenue
$3,034
$2,870
6%
9%
Service Revenue
$2,070
$1,621
28%
32%
Total Revenue
$5,104
$4,492
14%
17%
•
Net Income of $562M
.
AFFO of $1.1B, up 10% YoY
●
AFFO/Share of $3.80, up 9% YoY
Organic storage rental revenue growth of 8.9%,
reflecting continued benefit of pricing
combined with positive volume trends and
data center growth
·
Leased 139 megawatts in the full year;
exceeded 130 megawatt projection for
2022; expect to lease 80 megawatts or
more in 2023
IRON
MOUNTAIN®
Net Income
$562
$453
24%
Reported EPS
$1.90
$1.55
23%
Adj. EPS
$1.79
$1.51
19%
Adj. EBITDA
$1,827
$1,635
12%
15%
Adj. EBITDA Margin
35.8%
36.4%
(60) bps
AFFO
$1,110
$1,012
10%
AFFO per Share
$3.80
$3.48
9%
IRM INVESTOR PRESENTATION 21View entire presentation