Global Data Center Expansion and Sustainability Focus
2021 Guidance
($ in millions, except per share data)
2020 Results
Total Revenue
Adjusted EBITDA
AFFO
$4,147
2021 Guidance (1)
$4,325 $4,475
Y/Y % Change
4% -8%
$1,476
$1,575 $1,625
7% - 10%
$888
$945 - $995
7% -12%
AFFO Per Share
$3.07
$3.25 - $3.42
6% -11%
2021 Guidance assumes:
(1)
Organic storage rental revenue growth of 2% - 4%
Growth capital expenditures of ~ $410 million, of which data center development is expected to be ~$300
million
Recurring capital expenditures of $140 million
Capital Recycling proceeds of ~ $125 million
Project Summit restructuring charges of $200 million
Project Summit Adjusted EBITDA benefits of ~ $150 million
Iron Mountain does not provide a reconciliation of non-GAAP measures that it discusses as part of its annual guidance or long term outlook because
certain significant information required for such reconciliation is not available without unreasonable efforts or at all, including, most notably, the
impact of exchange rates on Iron Mountain's transactions, loss or gain related to the disposition of real estate and other income or expense. Without
this information, Iron Mountain does not believe that a reconciliation would be meaningful.
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