11/12/2021

speaker
Operator
Conference Call Operator

Greetings and welcome to Merion Technologies, Inc. Fiscal quarter ended September 30th, 2021 earnings conference call. At this time, all participants are in a listen only mode. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn this conference over to your host, Mr. Alex Gaddy, Vice President of Finance and Investor Relations. Thank you, sir. You can go ahead and begin your presentation.

speaker
Alex Gaddy
Vice President of Finance and Investor Relations

Good morning, everyone, and thank you for joining Merion's earnings call for the financial results for the quarter-ended September 30th, 2021. My name is Alex Gaddy, Vice President of Finance and Investor Relations at Merion, and I will be moderating today's event. A few housekeeping items before we get started. I would like to remind you that the discussions during this presentation will include forward-looking statements, and actual results may differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ are discussed in the registration statement on the form S-1 filed by Miriam with the SEC under the caption risk factors and in Miriam's other filings with the SEC that it makes from time to time. Our 8-K-A to be filed today will be submitted with financial results performed before the business combination with GS Acquisition Holdings Corp 2. The discussions during this call will also include certain financial measures that were not prepared in accordance with generally accepted accounting principles. Reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the appendix of this presentation for this conference call. As a reminder, quarterly references with today's discussion are related to the period ended September 30th, 2021, unless otherwise stated. In addition, all guidance referenced excludes the impact of the recently announced acquisition of CIRS. Today's call will not be followed by a Q&A session, but please direct any follow-ups or questions to ir.merion.com. The earnings presentation will be filed today and can also be found on Merion's website at ir.merion.com. Joining me on the call today is Larry Kingsley, Chairman of the Board, Tom Logan, Founder and CEO of Merion, and Brian Shopper, CFO of Merion. Now, I'll turn it over to Larry Kingsley, Chairman of the Board. Larry?

speaker
Larry Kingsley
Chairman of the Board

Thank you, Alex, and good morning, everyone. It's great to be on Merion's first investor call as a public company to announce our first quarter fiscal year 2022 results and our expectations for future performance. Before I turn the call over to Tom Logan, our CEO, I want to begin with a few remarks about how excited I am to be working with Tom and the whole Merion team to deliver on the many opportunities we see ahead. I've spoken with many of you over the past six months, carefully describing what attracted me to Mirian and what opportunities I see for the business going forward. Today, approximately 10 months from my first meeting with Tom, I am more confident in the opportunities ahead than when we began. I'm especially gratified by the partnership I've developed with him. Not only is he a founding CEO of Mirian, but he is an incredibly strong operator and a great steward of this company. Our partnership has already exceeded my initial high expectations, and I'm very excited to work ever more closely with him and the broader team to help Merion continue to delivering on its commitments. Slide three of the earnings deck describes many of the attributes that drew me initially to Merion. The company has a great position and a good industry. is able to differentiate with technology, and has great potential upside for growth and margin expansion. Over the past 16 years, Merion has grown at double-digit rates and expanded margins by over 1,000 basis points and has become the clear global leader in the market it participates in. And I believe the fundamentals are firmly in place for that to continue for a long time to come. The company serves a large and attractive addressable market with multiple secular growth drivers and multiple paths to expand. The detection and measurement of ionizing radiation is a mission-critical function in essentially all of the company's end markets. High recurring revenue mix and inelastic end market demand makes Merion's businesses very resilient to economic cycles. Combined with excellent economics, expanding margins, a deep acquisition pipeline, and established acquisition identification and integration process, Merion is well positioned to deliver strong performance for share owners. Much of the heavy lifting necessary to get the foundation in place has been done, and Merion is very well positioned to benefit from the continued evolution of a solid operating system. A similar type of system with process disciplines that continue to deliver outstanding results at companies like Danaher, IDEX, and Paul Corp, all those that I've been associated with. With that, I'll turn the call over to Tom, who can take us through the business and the quarterly performance in some more detail. Tom?

Disclaimer

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