Nuscale Power Corporation · NYSE:SMR
Nuscale Power — Investor Presentation (November 2023)
23 slides from Nuscale Power's investor presentation, November 2023
Slide 1: NuScale Power Investor Presentation
NuScale Power Investor Presentation November 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation (“Presentation”) and any oral statements made in connection with the Presentation do not constitute an offer to sell or a solicitation of an offer to buy any securities. Certain statements in this Presentation may constitute “forward-looking statements” w
Slide 3: NuScale is the SMR Market Leader
NuScale is the SMR Market Leader NuScale is a technology provider and original equipment designer We are the only advanced nuclear technology with U.S Nuclear Regulatory Commission (NRC) design certification and have invested >$1.8B to date NuScale Nonproprietary | Copyright © 2023 NuScale Power, LL
Slide 4: Investment Thesis
Investment Thesis Growing global nuclear support • Policies and global dynamics driving interest Established ecosystem of Strong Momentum in Strategic Partnerships Nuclear and Massive Nuclear is the only viable clean with Supply Chain strategic partnerships who Opportunity baseload power available t
Slide 5: Executing on Strategy for Long-term Profitable Growth
Executing on Strategy for Long-term Profitable Growth Accelerating Deploying Expanding technology and best-in-class designs and markets, applications and manufacturing readiness manufacturing processes capabilities U.S. NRC accepted 77 MWe (250 MWth) Doosan Enerbility producing forgings ENTRA1-NuSca
Slide 6: Our Core Technology | NuScale Power Module
Our Core Technology | NuScale Power Module™ Key Specifications Groundbreaking Reactor technology Building features a fully factory- Houses Containment fabricated SMR, referred to as a NuScale Power NuScale Module™, Power consisting Module™, of an Spent integral nuclear steam Electrical supplyFuel sy
Slide 7: Setting SMR Standards for Design Safety and Innovation
Setting SMR Standards for Design Safety and Innovation Unlimited Coping Period1 NRC-Approved Site Boundary Unparalleled Capability for Reactors Emergency Planning Zone (EPZ) and Performance Coping Period Comparison: “Black-Start” and “Island Mode” Extreme Station Blackout & AC/DC Significantly small
Slide 8: 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 9: 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 10: Key Competitive Advantage | NRC-Approved Emergency Planning Zone
Key Competitive Advantage | NRC-Approved Emergency Planning Zone Pre-determined protective action plans Strong regulatory advantages a must for large publicly accessible areas over other SMRs • Engaged with NRC on rule for advanced nuclear emergency preparedness • Completed all requirements to obtai
Slide 11: Established, De-Risked Manufacturing Ecosystem Prepared to Deliver
Established, De-Risked Manufacturing Ecosystem Prepared to Deliver NuScale Power ModulesTM Fuel Assemblies Control Systems Module Protection System Sensors and Instrumentation Reactor Building Crane Mature Supply Chain Efficiently and Reliably Supports Commercial Deployment 1 Fuel assembly image pro
Slide 12: Transition Requires 16K+ GW of Zero-Carbon Capacity Additions by 2040
Transition Requires 16K+ GW of Zero-Carbon Capacity Additions by 2040 OIL Oil Refineries Study Reduction of NuScale Integration System REFINERIES Carbon Emissions (Fluor and NuScale) Hydrogen Production Study HYDROGEN PRODUCTION High Temperature Steam Electrolysis (INL and NuScale) DATA CENTER/AI Cl
Slide 13: 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 14: Inflation Reduction Act Provides Significant Support for Advanced Nuclear
Inflation Reduction Act (IRA) Provides Significant Support for Advanced Nuclear and Incentivizes Plant Construction to Occur by 2032 Clean Electricity Tax Credits Loan Guarantee Expansion 30% tax credit towards the • 30% ITC (investment tax credit) • DOE’s Loan Programs Office can employ up to $40B
Slide 15: 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 16: Well-Positioned to Monetize Hydrogen Opportunity
Well-Positioned to Monetize Hydrogen Opportunity Massive Opportunity Enabling Decarbonization Across Many Sectors 95% of the world's hydrogen is being produced using fossil fuels, especially natural gas Transportation 50 tons of hydrogen per day avoids ~460 tons of CO2 emissions/day; 168K tons/year1
Slide 17: 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 18: Providing a Single Hub Solution to Meet Growing Consumer Energy Demand
Providing a Single Hub Solution to Meet Growing Consumer 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 Consumers and Purchasers Build, Own, Operate (BOO)
Slide 19: Leveraging Domestic and International Presence as First Commercially Available SMR Technology
Leveraging Domestic and International Presence as First Commercially Available SMR Technology 2 current projects Europe 25+ 15+ committed to proceed with new nuclear Asia North America 10+ 70+ 120+ Africa 5+ total customer leads Current Pipeline Robust Global Project Pipeline With Strong Long-term G
Slide 20: Strong Financial Profile from Services Provided and Delivering NuScale Power Modules
Strong Financial Profile from Services Provided and Delivering NuScale Power Modules Select NuScale Services = Revenue Timing T-8 T-7 T-6 T-5 T-4 T-3 T-2 T-1 COD T+1 T+2 T+3 T+4 T+5 Expecting to Create Services Licensing & Support Value for All Customers Startup & Testing Revenue Source • Diversifie
Slide 21: Key Financial Themes
Key Financial Themes • NuScale maintains a healthy cash Revenue Net Loss Cash position, and will continue to raise capital as we turn the corner from R&D to commercialization $7.0M $(58.3)M 3Q ’23 3Q ’23 • Recently signed agreement with vs Standard Power and ENTRA1 for 24 vs $196.6M1 No Debt modules
Slide 22: Continued Progress Towards Key 2023 Milestones
Continued Progress Towards Key 2023 Milestones 1 2 3 Secure Next 3 Committed Advance the Design for Key SDA Application Acceptance Customers Components Review by NRC On Track On Track Complete 4 5 Commence Manufacture of Secure Long-Lead Material Upper Reactor Pressure Orders for 10 Additional Vesse
Slide 23: Capitalization Summary
Capitalization Summary Share Type Amount Description Class A Shares 76.4M NuScale Power Corporation Class A shares NuScale Power Corporate Class A shares issuable upon the exchange of Class B Shares 154.6M NuScale Power, LLC Class B shares and Class B units1 Total Shares Outstanding 231.0M Options 9
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