Response to COVID-19 & Project Summit Key Goals
COVID-19 Update
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Community
Committed to the health, safety and well-being of employees, customers, vendors, and communities
Heightened hygiene and sanitation practices; social distancing and safety protocols
Maximizing flexible and remote work arrangements
Bringing Mountaineers back from furlough as service activity levels resume
Increased communication with employees and customers
Recommitting to building diverse and inclusive environment
Operations
Iron Mountain facilities are operating as "essential businesses” focused on serving customers
100% of Records Management facilities now open and operating around the globe
Service activity levels improved in June compared to April/May, though still well below year-ago levels
Providing new and innovative customer solutions around storage and distribution, document scanning, and the secure remote
access and application of artificial intelligence through the InSight platform, assisting customers with remote workforces
Global Data Center leasing accelerated significantly in Q2; signed 32+ MW of new and expansion leases
Financial
Iron Mountain is operating from a solid financial position
Committed to sustainable dividend
Significant liquidity to fund business needs
Project Summit transformation well on track; creating a more dynamic, agile and customer-focused organization
Reduced expenses and taken steps to preserve cash in the near term
Managing variable costs well
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