Response to COVID-19 & Project Summit Key Goals
(1)
(2)
(3)
Q2 Financial Performance
Constant Currency
In millions, except per-share data
Q2-20
Q2-19
Y/Y %
Y/Y%
Organic
Growth (1)
Revenue
$982
$1,067
-7.9%
-5.6%
-7.2%
Storage
$677
$669
1.1%
3.7%
2.3%
Service
Gross Profit (2)
$305
$398
-23.2%
-21.3%
-23.1%
$576
$603
-4.6%
-2.5%
Gross Profit Margin (2)
58.6%
56.5%
210 bps
SG&A Expenses (2)
$242
$252
-4.0%
-2.0%
(Loss) Income from Continuing Operations
$(7)
$92
n/a
Adjusted EBITDA (3)
$343
$351
-2.3%
-0.1%
Adjusted EBITDA Margin
34.9%
32.9%
200 bps
Net (Loss) Income
Adjusted EPS (3)
AFFO(3)
Dividend/Share
Fully Diluted Shares Outstanding
$(7)
$92
n/a
$0.22
$0.23
-4.3%
$249
$210
19.0%
$0.62
$0.61
1.2%
288
287
0.2%
34
Constant currency excluding impact from business acquisitions and divestitures
IRON MOUNTAINⓇ
Gross Profit includes $7.6M of direct and incremental costs related to COVID-19 in Q2 2020; SG&A includes $1.6M of direct and incremental costs related to COVID-19 in Q2 2020
Reconciliation for Adjusted EBITDA, Adjusted EPS and AFFO to their respective GAAP measures can be found in the Supplemental Financial Information on pages 11 and 13, respectivelyView entire presentation