Terrestrial Energy Inc. · NASDAQ:IMSR
Terrestrial Energy — Q1 2026 Earnings Presentation
14 slides from Terrestrial Energy's earnings presentation, May 14, 2026
Slide 1: First Quarter 2026 Earnings Call
First Quarter 2026 Earnings Call MAY 14, 2026
Slide 2: Disclaimer
Disclaimer This presentation (this “Presentation”) has been prepared by Terrestrial Energy Inc. (the “Company”) solely for informational purposes. This Presentation is intended to provide a general overview of the Company and its business. This Presentation should not be construed as a prospectus or
Slide 3: 1Q Highlights
2 0 2 6 1Q Highlights Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 3
Slide 4: Three-Pillar Execution Framework: 1Q 2026 Progress
Three-Pillar Execution Framework: 1Q 2026 Progress Engineering & Commercial Pipeline Regulatory Supply Chain for IMSR Plant • NRC Topical Report • Developed supplier group • MOU with Riot Platforms approves IMSR Postulated for the execution of to co-locate IMSR Plants Initiating Events Projects TETR
Slide 5: 1Q 2026 Milestone Recap
1Q 2026 Milestone Recap 1Q 2026 1Q 2026 APRIL 2026 Commercial pipeline of ~10 Executed OTA agreements with NRC approves IMSR Postulated IMSR Plant projects DOE advancing TETRA and Initiating Events methodology representing 7.8 GW of TEFLA Projects (PIE) Topical Report and issues indicative power cap
Slide 6: 1Q Financial Highlights
2 0 2 6 1Q Financial Highlights Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 6
Slide 7: 1Q 2026 Financial Results
1Q 2026 Financial Results 1 2 3 4 $10.5M Net Loss $7.9M Cash Burn $289.9M Total Cash & 105.9M Issued and for 1Q2025, $4.3M for 1Q2025, $1.8M Investments Outstanding Shares Increase vs. 4Q Increase vs. 4Q 2025 2025 The increase is attributable to: The increase is attributable to: As of March 31, 2026
Slide 8: March 31, 2026 Capitalization Summary (shares in millions)
March 31, 2026 Capitalization Summary (shares in millions) % of Total Common shares 82.2 78% Exchangeable shares 23.7 22% Total shares issued and outstanding 105.9 100% Long term incentive program, net 12.6 12% Private warrants July 2028 10.7 10% Public warrants October 2030 11.5 11% Private warrant
Slide 9: The Market
2 0 2 6 The Market Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 9
Slide 10: The Macro Case for Nuclear Energy and Nuclear Plant Innovation
The Macro Case for Nuclear Energy and Nuclear Plant Innovation Electricity Nuclear Energy: Demand Policy Reset The Only Path • Electricity demand accelerating • Energy security now dominant • Powerful secular fundamentals at unprecedented pace policy priority globally driving continued demand • Step
Slide 11: Terrestrial Energy at-a-Glance
Terrestrial Energy $1.4 T at-a-Glance Current SAM 1 Directly addresses a $1.4 trillion SAM for industrial process heat Developer of the small and and electricity in OECD markets and is expected to grow 35% modular Integral Molten Salt to $1.9 T by 20501 Reactor plant (“IMSR Plant”), which uses Gen I
Slide 12: Terrestrial Energy's IMSR Plant Addresses the Weaknesses and Limitations of Legacy Nuclear Technology
Terrestrial Energy’s IMSR Plant Addresses the Weaknesses and Legacy Nuclear Technology Limitations of Legacy Terrestrial Energy IMSR Gen IV Advanced Modular Reactor LWR Gen II, III and III+ (including SMRs) Nuclear Technology While High capital efficiency due to: Low capital efficiency due to: Deliv
Slide 13: IMSR Plant is Designed to Deliver Co-located, Customized Energy Solutions to Industry
End-user heat / power (industry / grid electric power) IMSR Plant is Designed C to Deliver Co-located, Customized Energy IMSR Non-nuclear Thermal and Electric Facility (TEF) B Solutions to Industry A Separation of nuclear from thermal and Dual IMSR Nuclear Facility electrical systems allows: • Stand
Slide 14: Making transformative nuclear energy a commercial reality
Making transformative nuclear energy a commercial reality Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 14