Nuscale Power Corporation · NYSE:SMR
Nuscale Power — Q3 2022 Earnings Presentation
25 slides from Nuscale Power's earnings presentation, Nov 11, 2022
Slide 1: Third Quarter 2022 Results
Third Quarter 2022 Results November 11, 2022 NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC.
Slide 2: Important Notices
Important Notices This presentation (“Presentation”) and any oral statements made in connection w ith the Presentation do not constitute an offer to sell or a solicitation of an offer to buy any securities. Forward-Looking Statements Certain statements in this Presentation may constitute “forw ard-l
Slide 3: Important Notices
Important Notices Other Items This Presentation may contain trademarks, service marks, trade names and copyrights of other companies, w hich are the property of their respective ow ners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Pr
Slide 4: NuScale Overview
NuScale Overview NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC.
Slide 5: Nuclear Power is Essential to Meeting Global Decarbonization Targets
Nuclear Power is Essential to Meeting Global Decarbonization Targets NuScale has developed a transformational small modular reactor (SMR) that delivers scalable, safe, and reliable carbon-free nuclear power essential to meeting global decarbonization targets 5 NuScale Nonproprietary Copyright © 2022
Slide 6: NuScale at a Glance
NuScale at a Glance 1st $1.4B 545 644 And Only SMR to Cumulative Capital Employees with Unparalleled Total Receive NRC Standard Invested to Date Nuclear Experience Patents Design Approval 28 453 PhDs Granted 15 9 180 191 Years of R&D Strategic Investors Masters in Engineering/ Pending and Testing Su
Slide 7: Key Investment Highlights
Massive Market Nuclear is the only viable clean baseload power available to address Key Opportunity for the massive global need for 16,000+ GW of carbon-free generation by Investment NuScale 2040 Highlights There is strong and growing global support for nuclear Strong Momentum for • 100+ prospective
Slide 8: Energy Transition Requires Zero-Emission Baseload Generation
Energy Transition Requires Zero-Emission Baseload Generation • Nuclear is the only existing baseload (i.e., reliable, non-intermittent, and dispatchable) energy source that is carbon free • Nuclear is by far the most reliable source of energy (i.e., highest capacity factor) currently available • Cle
Slide 9: Global Stakeholder Support for Nuclear is Strong
Bipartisan U.S. Support Global Stakeholder Support for Nuclear is Strong Across Administrations $10B Programs supportingnuclearin Bipartisan Duke Energy does not see a way to get to carbon reduction at the speed that we need to achieve without Infrastructure Bill, Build Back BetterPlan nuclear energ
Slide 10: Nuclear SMR is the Only Viable Zero-Emission Baseload Technology
Nuclear SMR is the Only Viable Zero-Emission Baseload Technology • While conventional nuclear technology is reliable and clean, it is also extremely expensive and difficult to build quickly • Nuclear SMR requires significantly less investment (~$3B vs. $9B) and time to build (~3 years vs. 6-10 years
Slide 11: NuScale is Years Ahead of the Competition
NuScale is Years Ahead of the Competition Small Modular Reactor Competitors1 Selected Differentiators Other Light Water Reactors Non-Light Water Reactors2 Light water reactor (LWR) (50+ years Underlying Technology Track Record Same as NuScale Relatively limited history) Does not exist today; Fuel Su
Slide 12: NuScale's Core Technology
NuScale’s Core Technology The NuScale Power ModuleTM • Groundbreaking technology features a fully factory-fabricated SMR, referred to as a NuScale Power Module, consisting of an Containment integral nuclear steam supply system in which the reactor core, steam generators, and pressurizer are all cont
Slide 13: Inherently Safe Design Sets New Industry Standards
Inherently Safe Design Sets New Industry Standards U.S. NRC-Approved Methodology to Unlimited Coping Period Unparalleled Capability Support Site Boundary Emergency for Reactors and Performance Planning Zone (EPZ) Comparison of Reactor Coping Period The smaller EPZ enables VOYGR™ SMR power “Black-Sta
Slide 14: Operational Update
Operational Update NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC.
Slide 15: Key Milestones for 2022
Key Milestones for 2022 1 2 3 4 5 Secure Next Issue Long-Lead Complete Complete Submit Standard Committed Material Specs for Reactor Building Standard Plant Design Approval Customer Reactor Pressure Design Design Application to the Vessel U.S. NRC for VOYGR™-6 SMR Power Plant • Poland and Romania •
Slide 16: Customer Update: Strong Pipeline with Quality Prospects for 2023
Customer Update: Strong Pipeline with Quality Prospects for 2023 Strong customer pipeline, with progress toward securing a new customer by year end • Poland: – Signed first task order/statement of commencement with KGHM to initiate deployment of first SMR in the country – Started invoicing for furth
Slide 17: Additional Third Quarter Highlights
Additional Third Quarter Highlights Nuclear Regulator Commission unanimously votes to certify NuScale’s design • NuScale is the only SMR to enter process, let alone be approved by the NRC NRC approves NuScale EPZ sizing methodology with safety evaluation report • Affirms NuScale design can accommoda
Slide 18: Regulatory & Geopolitical Updates
U.S. DOE study finds that Regulatory & Geopolitical Updates hundreds of coal power plant sites could be Growing bipartisan support in the U.S. converted to nuclear power plant sites Virginia – 2022 Virginia Energy Plan supports funding to initiate the goal of deploying a commercial SMR within a deca
Slide 19: Coal-to-Clean Energy Transition Expected to Accelerate
Coal-to-Clean Energy Transition Expected to Accelerate • Insights from the U.S. Department of Energy Coal-to-Nuclear Report1: o By repurposing existing infrastructure, compared with a greenfield project, the construction cost savings are between 15 – 35% for a nuclear power plant to be built on a co
Slide 20: Financial Update
Financial Update NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC.
Slide 21: Nuclear SMR Cost Competitive Despite Inflationary Pressures
Nuclear SMR Cost Competitive Despite Inflationary Pressures As key commodities and critical minerals are facing major price increases, nuclear energy has the lowest material and fuel input among all carbon-free energy sources. Inflation of Key Energy Commodities Over the Last 2 Select Material and F
Slide 22: IRA Provides Significant Tax Credits for Advanced Nuclear, SMRs
IRA Provides Significant Tax Credits for Advanced Nuclear, SMRs Act contains several key provisions that bolster a broad spectrum of new and existing activities in the nuclear industry; nuclear will receive credits that once only applied to wind and solar Creates tax credit of 30% towards the cost o
Slide 23: Key Themes
Key Themes • New revenue contracts that we expect to be accretive and lead to incremental customer growth Revenue Net Loss Cash • Our strong cash profile, buoyed by lack of debt, $3.2M $(49.6)M 3Q ’22 3Q ’22 provides financial flexibility vs vs $318.6M1 No Debt • Expected shift in stockholder mix as
Slide 24: Capitalization Summary
Capitalization Summary Share Type Amount Description Class A Shares 51.8M NuScale Power Corporation Class A shares NuScale Power Corporate Class A shares Class B Shares 173.9M issuable upon the exchange of NuScale Power, LLC Class B shares and Class B units1 Total Shares Outstanding 225.7M Legacy op
Slide 25: ir@NuScalepower.com
NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC. ir@NuScalepower.com