Lightbridge Corporation · NASDAQ:LTBR
Lightbridge — Thorium Power — Investor Presentation (October 2008)
29 slides from Lightbridge's investor presentation, Oct 24, 2008
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Slide 2: Safe harbor statement
Safe harbor statement This presentation may include certain statements that are not descriptions of historical facts, but are forward-looking statements. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans
Slide 3: Table of contents
Table of contents + Thorium Power, Ltd. — Vision — Overview + 2008 Highlights + Our strategy: Leveraging global trends + Business segments — Advisory Services Group — Technology Development Group + Corporate highlights + 2008 Financial review + Conclusions 3 October 24, 2008 Thorium Power Shareholde
Slide 4: Vision statement
Vision statement Nuclear Energy for the 21%t Century 4 October 24, 2008 ‘Thorium Power Shareholders’ Presentation
Slide 5: Thorium Power, Ltd. overview
Thorium Power, Ltd. overview Thorium Power, Ltd., is the leading developer of non-proliferative fuels for light water reactors and a provider of key comprehensive advisory services — Our strategic advisory services are aimed at foreign governments and entities with an interest in nuclear power — Our
Slide 6: A transformative year — 2008 highlights
A transformative year — 2008 highlights + Organically developed premier global advisory services practice — Secured industry-leading talent — Signed first advisory client — Recognized our first revenues as a company — Subsequently entered into two distinct long term advisory agreements > Fuel techno
Slide 7: Our strategy
Our strategy Leveraging global industry trends
Slide 8: World energy consumption and projections
World energy consumption and projections 800 Organization for Economic Co-operation and Development (OECD) *OECD countries (eg., U.S. and Germany) *Non-OECD countries (eg., India and China) Quadrillion Btu 2008 ©2010 «2015 «2020-2028 «= 2030 OECD countries ll Non-OECD countries Energy Information Ad
Slide 9: Global reactor development trends
Global reactor development trends Number of reactors placed in operation (2 yr period) 140 120 100 80 60 40 204 1963-1964 1967-1968 1971-1972 1975-1976 1979-1980 1983-1984 1987-1988 1991-1992 1995-1996, 1999-2000 2003-2004 2007-2008 2011-2012 2015-2016 2019-2020 2023-2024 2027-2028 I Global reactors
Slide 10: Nuclear Renaissance — industry challenges
Nuclear Renaissance — industry challenges The nuclear industry faces many challenges that need to be addressed over the next 5-10 years — Nuclear waste and storage — Nuclear proliferation — spread of weapons-grade material — Fuel supply/price — Reactor safety — Nuclear energy expertise 10 October 24
Slide 11: Our value and solutions
Our value and solutions Thorium Power, Ltd.’s advisory services and fuel technology address the key challenges facing the nuclear industry over the next 5-10 years + Unrivaled nuclear industry expertise — Top industry talent assembled at Thorium Power — Reshaping and redefining nuclear strategic pla
Slide 12: Business segments: Strategic Advisory Services
Business segments Strategic Advisory Services
Slide 13: Advisory Services accomplishments
Advisory Services accomplishments Growing advisory relationship with United Arab Emirates (UAE) resulting in multiple agreements to date: — Initial $5M consulting and strategic advisory services agreement representing the first phase of feasibility study — Follow-on $4M agreement to manage high-prio
Slide 14: Advisory Services core strengths
Advisory Services core strengths Unbiased advice and + Experienced team of nuclear professionals let gyte Eiiting + Comprehensive design for nuclear program and related infrastructure + Technology analysis and site-specific adaptability + Contractor, materials, and equipment evaluation Cost assessme
Slide 15: Advisory Services potential market
Advisory Services potential market Our addressable market includes many nations around the world — Countries without adequate regulatory oversight — Countries interested in developing a civilian nuclear program — Emerging countries seeking to expand their nuclear energy base — Countries addressing n
Slide 16: Business segments: Fuel Technology Group
Business segments Fuel Technology Group
Slide 17: Fuel Technology accomplishments
Fuel Technology accomplishments Fuel development work initiated on leading reactor designs; — AP-1000 Reactor (new Westinghouse design) — EPR Reactor (new AREVA design) + Entered into post-irradiation examination agreement with the Kurchatov Institute for the VVER-1000 reactor + Moscow office schedu
Slide 18: Fuel technology core strengths
Fuel technology core strengths Proliferation resistance Waste volume and storage time reduction New energy source No weapons usable materials produced Reduction of political risk 50% reduction of waste volume; 70% less waste by weight 90% reduction of long term waste radio-toxicity The cost of conve
Slide 19: VVER-1000 thorium-based fuel development timeline
VVER-1000 thorium-based fuel development timeline 1992-1999 2000-2005 2006-2008 2009-2015 2016+ Basic concept development Basic design & engineering Peer review Proof of concept Secure IP/patents Thermal hydraulic flow tests Material performance irradiation tests Semi-scale fuel rod irradiation test
Slide 20: Projected VVER-1000 thorium-based fuel costs to commercialization
Projected VVER-1000 thorium-based fuel costs to commercialization Thorium Power's cumulative R&D costs 30.0 5 $25M-$30M 25.0 4 a 3S 20.0 + 215.0 4 13.0 ao g 100 4 2 40 5.0 | Hf EH 1992-1999 2000-2005 2006-2008 2009-2015 2016 + 1 Cumulative VVER-1000 R&D costs todate ‘Cumulative VVER-1000 actual and
Slide 21: Potential pressure water reactor fuel market
Potential pressure water reactor fuel market $18.2 billion 2030 $10.4 billion Today| Annual reactor fuel re-load spend 261 reactors # of reactors as potential Thorium Power, Ltd. clients Average annualized fuel cost per reactor is $40M By 2030, there are expected to be 456 PWR reactors worldwide, re
Slide 22: Corporate highlights
Corporate highlights
Slide 23: The growth story
The growth story Global and corporate opportunities — New advisory services clients and partnerships — Expand research and development activities — Expand technology partnerships — Corporate initiative to move to the NASDAQ exchange Thorium Power Shareholders’ Presentation
Slide 24: Lightbridge Corporation
Lightbridge Corporation 00 OM ag 8G 54g0,0 o © Lightbridge Lightbridge is our promise and commitment to providing proven nuclear technologies and unbiased expert advisory services that help realize a brighter more prosperous future. October E Thorium
Slide 25: 2008 Financial review
2008 Financial review
Slide 26: First half financial results — income statement
First half financial results — income statement Thorium Power, Ltd. (unaudited) (000’s) Six months ended June 30, Total revenue a7 | $ - Cost of consulting services provided 3.385 - Gross margin 4,732 - Operating expenses: ~ General and administrative 3,17 2,794 - Research and development expenses 2
Slide 27: Balance sheet highlights
Balance sheet highlights As of June 30, 2008 ($000’s) Cash and cash equivalents $5,186 Total current assets $5,402 Total assets $7,462 Total current liabilities $2,813 Total liabilities $2,813 Total stockholders’ equity $4,649 Total liabilities and shareholders equity $7,462 Clean capital structure
Slide 28: Nuclear Energy for the 21st Century
Nuclear Energy for the 21st Century A message from Hans Blix — Thorium Power, Ltd,: The right solution for now — Thorium Power, Ltd.’s strategic vision is the answer — Advisory services and technology are world class — Principled approach — safety, non-proliferation Ociober 24, 2008 Thorium Power Sh
Slide 29: Leader in global nuclear power development
* Leader in global nuclear power development ¢ Premier nuclear power advisory expertise * Developer of non-proliferative, safe, economic, nuclear fuel technology An Investment in Nuclear Energy for the 215' Century © 00 Bag SeSaseZe o © Lightbridge