Nuscale Power Corporation · NYSE:SMR
Nuscale Power — Investor Presentation (August 2024)
22 slides from Nuscale Power's investor presentation, August 2024
Slide 1: NuScale Power Investor Presentation
NuScale Power Investor Presentation August 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements include
Slide 3: NuScale is the SMR Market Leader
NuScale is the SMR Market Leader NuScale is the leading designer of advanced small modular reactor (“SMR”) nuclear technology The Company has invested over $1.8B to become the sole advanced nuclear technology to achieve U.S. Nuclear Regulatory Commission (“NRC”) design certification NuScale’s SMR de
Slide 4: Investment Thesis: NuScale is the Only Near-Term Deployable SMR Technology in the U.S.
Investment Thesis Massive Market Opportunity First Mover Advantage Robust Business Development Pipeline Nuclear is the only viable clean Only advanced nuclear technology Prospective off-takers include: data baseload power capable of with NRC design certification; >$1.8B center/AI companies, U.
Slide 5: Our Core Technology | NuScale Power Module
Our Core Technology | NuScale Power Module™ Key Specifications Groundbreaking Reactortechnology Building features Housesa fully Containment factory-fabricated SMR, referred to as a NuScale NuScale Power Module™, Power Module™, consisting Spent of an integral Electrical Fuel nuclear steamPool and sup
Slide 6: Setting SMR Standards for Design Safety and Innovation
Setting SMR Standards for Design Safety and Innovation Unlimited Coping Period1 for NRC-Approved Site Boundary Unparalleled Capability and Reactors Emergency Planning Zone (EPZ) Performance Coping Period Comparison: Significantly smaller radius than “Black-Start” and “Island Mode” Extreme Station Bl
Slide 7: First-Mover in Providing the Only Viable Zero-Emission Baseload Technology
First-Mover in Providing the Only Viable Zero-Emission Baseload Technology Key Criteria Approx. 2020 U.S. Generation Baseload Capable/ Zero- Effectively Generation Type Volume Mix (EIA) Dispatchable? Emission? Deployable at Scale? Gas/Oil 39% Coal 23% Nuclear: Large Scale 19% Hydroelectric 8% Wind 7
Slide 8: NuScale is Years Ahead of the SMR Competition
NuScale is Years Ahead of the SMR Competition Advantages Over Other LWRs and Non-LWRs1 Selected Differentiators Other LWRs Non-LWRs2 Underlying Technology Light water reactor (LWR) (60+ years history) Same as NuScale Relatively limited Track Record Fuel Supply Infrastructure Exists (50+ years histor
Slide 9: Key Competitive Advantage | NRC-Approved Emergency Planning Zone (EPZ)
Key Competitive Advantage | NRC-Approved Emergency Planning Zone (EPZ) Pre-determined protective action plans Strong regulatory advantages over required for large publicly accessible areas other SMRs Engaged with NRC on rule for advanced nuclear emergency preparedness Completed all requirements
Slide 10: Established, De-Risked Manufacturing Ecosystem Prepared to Deliver
Established, De-Risked Manufacturing Ecosystem Prepared to Deliver NuScale Power ModulesTM Fuel Assemblies(1) Control Systems Module Protection System Sensors and Instrumentation Reactor Building Crane Mature Supply Chain Efficiently and Reliably Supports Commercial Deployment 1 Fuel assembly image
Slide 11: Transition Requires 16K+ GW of Zero-Carbon Capacity Additions by 2040
Transition Requires 16K+ GW of Zero-Carbon Capacity Additions by 2040 OIL NuScale Integration System REFINERIES HYDROGEN PRODUCTION DATA CENTER/AI DESALINATION MISSION CRITICAL FACILITIES WIND NUSCALE SMR TECHNOLOGY Extended Flexibility for Diverse Electrical and Process Heat Applications NuScale No
Slide 12: NuScale is Well-Positioned for Integrated Energy System Solutions
NuScale is Well-Positioned for Integrated Energy System Solutions Enhancing the Power Grid Energy Transition-Specific Opportunities Grid Resiliency Coal Plant Carbon Capture Data Centers Replacement & Sequestration (CCS) and AI NuScale Power Modules (NPMs) not impacted by adverse weather 130+ co
Slide 13: Inflation Reduction Act Provides Significant Support for Advanced Nuclear
Inflation Reduction Act (IRA) Provides Significant Support for Advanced Nuclear 30% tax credit towards the Clean Electricity Tax Credits Loan Guarantee Expansion building cost of carbon-free 30% ITC (investment tax credit) DOE’s Loan Programs Office can employ up to $40B in additional advanced n
Slide 14: Coal-to-Clean Energy Transition Expected to Accelerate
Coal-to-Clean Energy Transition Expected to Accelerate Insights from the U.S. DOE Coal-to-Nuclear Report1: Construction cost savings are between 15 – 35% for a nuclear power plant to be built on a coal power plant site 80% of 394 active and recently retired coal plant sites are candidates to hos
Slide 15: Well-Positioned to Monetize Hydrogen Opportunity
Well-Positioned to Monetize Hydrogen Opportunity Large Opportunity Enabling Decarbonization Across Many Sectors 95% of the world's hydrogen is being produced using fossil fuels, especially natural gas 50 tons of hydrogen per day avoids ~460 tons of CO2 Transportation emissions/day; 168K tons/yea
Slide 16: NuScale Steam Production Can Satisfy Key Industrial Applications
NuScale Steam Production Can Satisfy Key Industrial Applications *Graphic adapted from “International Atomic Energy Agency, Opportunities for Cogeneration with Nuclear Energy, 2017, with additional data and input from industry Accelerating power and heat generation Deploying solutions to new opportu
Slide 17: Data Center Opportunity
Data Center Opportunity Data center share of U.S. electricity usage is growing, accelerated by Artificial Intelligence (“AI”) Data center electricity consumption expected to triple by 2030 Equivalent to electricity used by one-third of 7.5% U.S. homes in a year 2.5% = In 2020 In 2030 Data center sha
Slide 18: Single Hub Solution to Meet Growing Energy Demand
Single Hub Solution to Meet Growing Energy Demand Global Strategic Partner for Commercialization and ENTRA1 Provides Bespoke Structures to Meet the Development of Energy Plants with NuScale SMR Technology Unique Needs of Energy Purchasers ONE STOP SHOP SINGLE HUB Build, Own, Operate (BOO) Build, Own
Slide 19: Market Engagement
Market Engagement Coal plant repurposing remains a strong focus for NuScale as our technology is well suited for a coal site repurpose – having a site boundary emergency planning zone, small footprint and the ability to re-purpose the coal plant staffing while providing growth to the community wit
Slide 20: Financials Driven by Delivering NuScale Power Modules and Services Provided
Financials Driven by Delivering NuScale Power Modules and Services Provided Select NuScale Services = Revenue Timing Expecting to Create T-5 T-4 T-3 T-2 T-1 COD T+1 T+2 T+3 T+4 T+5 Services Value for All Customers Licensing & Support Revenue Source Startup & Testing Diversified suite of services I
Slide 21: Key Financial Themes
Key Financial Themes Steady cash position over the last three quarters, while Revenue Net Loss Cash1 remaining debt free 2Q’24 operating loss of $41.9M vs 2Q ’23 operating $1.0M $(74.4)M $136.0M loss of $56.1M, reflects a $14.2M reduction in operating expenses due to the Company’s successful eff
Slide 22: Capitalization Summary
Capitalization Summary1 Share Type Amount Description Class A Shares 92.5M NuScale Power Corporation Class A shares NuScale Power Corporation Class A shares issuable upon the exchange of Class B Shares 154.5M one Class B share and one NuScale Power, LLC Class B unit2 Total Shares Outstanding 247.0M