Mirion Technologies, Inc. · NYSE:MIR
Mirion Technologies — Merger or Acquisition (September 2025)
10 slides from Mirion Technologies's merger presentation, Sep 24, 2025
Slide 1: Mirion to Acquire Paragon Energy Solutions
September 24, 2025 Mirion to Acquire Paragon Energy Solutions 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to: the acquisition of Paragon by Mirion; future financial and operating results of Paragon and Mirion
Slide 3: Highly Strategic Transaction
Highly Strategic Transaction Increasing our nuclear power exposure; Growing our nuclear power business in the 1 greater concentration than other publicly-traded instrumentation plays U.S.; opportunities to expand Paragon globally 2 (SMR) Expanding our Small Modular Reactor offerings 3 Bringing best-
Slide 4: Paragon's position in nuclear reactors and SMR talent
Paragon present in 100 % ~150 HIGHLY SKILLED of NUCLEAR REACTORS IN Paragon engineering and NORTH AMERICA technician talent 2x Paragon doubled the SMR Paragon is spec’d into k e y team in 2024 to meet growing demand S M R p l a y e r s ’ critical instrumentation and controls Mirion to Acquire 4 Para
Slide 5: Highly Complementary Portfolios
Highly Complementary Portfolios Existing Fleet Across existing fleet and SMRs SMR Nuclear safety instrumentation, dosimetry and controls ✓ Best-in-Class provider of safety-related parts and specialist with global footprint qualification services with deep penetration in North America Comprehensive r
Slide 6: Enhancing our Nuclear Power Exposure with Paragon
Enhancing our Nuclear Power Exposure with Paragon Increasing our nuclear power exposure + 1% 11% 5% 1% 5% <1% Growing Favorable exposure to 45% U.S. market 53% 55% the nuclear conditions only renaissance 30% 94% Nuclear Power-based Revenue N. America China Other Nuclear Power: NPPs Labs & Research E
Slide 7: Acquisition Overview
Acquisition Overview $585 million purchase price on a cash-free, debt-free basis FINANCIAL Transaction multiple of ~18x 2026E Adjusted EBITDA pre-synergies; HIGHLIGHTS ~14x post-synergies Expected to be accretive to diluted EPS in the first full year post-acquisition Acquisition supported through a
Slide 8: Expected Synergy Opportunities
Expected Synergy Opportunities Complementary portfolio of products and services with strong synergy potential Commercial Synergies ✓ Deeper combined relationship capital ✓ Cross selling opportunities ($ millions) ~$10M ~$9M • Use Mirion’s global footprint to drive Paragon sales outside the U.S. • Gr
Slide 9: Appendix
Appendix 2Q 2025 9 Earnings Presentation
Slide 10: Paragon Energy Solutions Overview
Paragon Energy Solutions Overview Paragon at a Glance Key Facts Leading provider of highly-engineered systems, components and solutions ~$150M 20-22% ✓ that keep traditional nuclear fleet running while also developing equipment 2026E 2026E SMRs Revenue Adjusted EBITDA Margin Partner of choice for OE
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