Momentum to GO BEYOND
Increased 2021 guidance
2021 Guidance (1)
($ in millions, except per share data)
Total Revenue
Adjusted EBITDA
AFFO
AFFO Per Share
28
828
New
$4,365 $4,515
$1,585 - $1,635
$955-$1,005
$3.28 - $3.45
5%-9%
7% -11%
8% -13%
Y/Y % Change
Previous
$4,325 - $4,475
Y/Y % Change
4% -8%
7%-10%
$1,575 - $1,625
7% -12%
$945 - $995
$3.25-$3.42
7% -12%
6% -11%
2021 Guidance assumes:
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
2
Project Summit Adjusted EBITDA benefits of $150 million
Note: Guidance as of May 6, 2021.
(1)
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.
IRON
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