Nuscale Power Corporation · NYSE:SMR

Nuscale Power — Q1 2023 Earnings Presentation

13 slides from Nuscale Power's earnings presentation, May 9, 2023

  1. Slide 1: First Quarter 2023 Results

    First Quarter 2023 Results May 9, 2023 NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.

  2. Slide 2: Important Notices

    Important Notices 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. Forward-Looking Statements Certain statements in this Presentation may constitute “forward-loo

  3. Slide 3: Trends Driving NuScale Power's Market Opportunity

    Trends Driving NuScale Power’s Market Opportunity The energy The need for transition to increased power zero-carbon generation baseload power Both trends support critical emerging trends in clean energy and energy security 3

  4. Slide 4: Key 2023 Milestones

    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 On Track 4 5 Commence Manufacture of Secure Long-Lead Material Upper Reactor Pressure Orders for 10 Additional Vessel NuScale Power Modules™ On

  5. Slide 5: Committed Customer Spotlight: Carbon Free Power Project (CFPP) and UAMPS

    Committed Customer Spotlight: Carbon Free Power Project (CFPP) and UAMPS • Executed an order for long-lead materials and commenced NuScale Power Module fabrication process • Engaged with UAMPS to finalize the Combined License application, or COLA • Developing a Class 2 cost estimate for the project

  6. Slide 6: Committed Customer Spotlight: RoPower and Nuclearelectrica

    Committed Customer Spotlight: RoPower and Nuclearelectrica • Proceeding with Phase 1 Front-End Engineering and Design (FEED) • Working to define the site and specific inputs for our VOYGR™-6 power plant • In discussions on the next phase of the project and engaging with local suppliers • Received au

  7. Slide 7: Business Development Spotlight: Poland, Indonesia and Korea

    Business Development Spotlight: Poland, Indonesia and Korea • KGHM • KGHM submitted an application to the Ministry of Climate and Environment for the issuance of a “fundamental decision” to build an SMR power plant in Poland • Indonesia Power Today’s announcement of a strategic partnership • The U.S

  8. Slide 8: Robust and Diversified Global Customer Pipeline

    Robust and Diversified Global Customer Pipeline Potential customers include governments, state-owned enterprises, public- and investor-owned utilities, coal plant refurbishment, process heat applications, private sector and commercial nuclear power producers, and generation and transmission cooperat

  9. Slide 9: NuScale is Years Ahead of the Competition

    9 NuScale is Years Ahead of the Competition Small Modular Reactor Competitors1 Selected Other Light Water Reactors Non-Light Water Reactors2 Differentiators Light water reactor (LWR) (50+ years Underlying Technology Track Record Same as NuScale Relatively limited history) Does not exist today; Fuel

  10. Slide 10: NuScale First Quarter Highlights

    NuScale First Quarter Highlights • Nuclear Regulatory Commission (NRC) begins technical review of NuScale’s updated Standard Design Approval (SDA) application • NRC to issue review schedule after application is docketed • NuScale placed first long-lead material order • Doosan Enerbility has commence

  11. Slide 11: Key Financial Themes

    Key Financial Themes • New revenue contracts that we expect to be accretive and lead to incremental customer Revenue Net Loss Cash growth • Remain on-track to meet 2023 cash flow from $5.5M $(35.6)M 1Q ’23 1Q ’23 operations guidance • Our strong cash profile, vs buoyed by lack of debt, vs $252.3M1 N

  12. Slide 12: Capitalization Summary

    Capitalization Summary Share Type Amount Description Class A Shares 70.1M NuScale Power Corporation Class A shares NuScale Power Corporate Class A shares Class B Shares 157.1M issuable upon the exchange of NuScale Power, LLC Class B shares and Class B units1 Total Shares Outstanding 227.2M Legacy op

  13. Slide 13: ir@NuScalepower.com

    ir@NuScalepower.com NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.

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