Nuscale Power Corporation · NYSE:SMR

Nuscale Power — Q3 2024 Earnings Presentation

13 slides from Nuscale Power's earnings presentation, Nov 7, 2024

  1. Slide 1: NuScale Power Third Quarter 2024 Earnings Presentation

    NuScale Power Third Quarter 2024 Earnings Presentation November 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.

  2. Slide 2: Forward-Looking Statements

    2 Forward-Looking Statements This presentation may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements includ

  3. Slide 3: Power Availability is Crucial for New Data Center Construction

    3 Power Availability is Crucial for New Data Center Construction1 ▪ Growing U.S. energy demand is primarily driven by data centers Data Center Consumption of surging need for computing power, faster and more power U.S. Electricity processing and artificial intelligence (AI) 14% U.S. Power Consumptio

  4. Slide 4: Large Technology Companies Taking Action to Secure Nuclear Energy

    4 Large Technology Companies Taking Action to Secure Nuclear Energy ▪ Amazon acquired Talen Energy’s data center campus connected to the Susquehanna nuclear station ▪ Microsoft and BlackRock investing up to $100B in data center ▪ Google is seeking to use infrastructure and the energy to Leading Tech

  5. Slide 5: Market Engagement Across Multiple Sectors

    5 Market Engagement Across Multiple Sectors ▪ Data center and AI communities have rapidly increasing energy demands and NuScale provides a unique alignment with these off-takers Multi-module ▪ Off-grid and behind-the-meter applications configuration ensures consistent ▪ Site boundary Emergency Plann

  6. Slide 6: RoPower Project Progressing

    6 RoPower Project Progressing ▪ In 3Q’24, RoPower authorized the Front-End Engineering and Design Phase 2 (“FEED Phase 2”) project for its Doicești small modular reactor power plant to proceed under contract with Fluor Corporation ▪ NuScale executed revenue-generating agreements with RoPower and Flu

  7. Slide 7: Nuclear Energy Powers Economic Growth and is a National Security Imperative

    7 Nuclear Energy Powers Economic Growth and is a National Security Imperative ▪ Fortifies the U.S. electricity grid with reliable nuclear power • Reduces risk introduced by the retirement of coal plants and the intermittency of renewable resources ▪ Limits reliance on foreign energy sources • Provid

  8. Slide 8: Setting Small Modular Reactor Standards for Design Safety and Innovation

    8 Setting Small Modular Reactor Standards for Design Safety and Innovation Unlimited Coping Period1 for NRC-Approved Site Boundary Unparalleled Capability and Reactors Emergency Planning Zone Performance Coping Period Comparison: Extreme Significantly smaller radius than “Black-Start” and “Island Mo

  9. Slide 9: Uniquely Poised for Near-Term Deployment

    9 Uniquely Poised for Near-Term Deployment ▪ Unparalleled Regulatory Success • NuScale is the only SMR with U.S. Nuclear Regulatory Commission (“NRC”) design certification (a process which took nearly four years to achieve) • Our Standard Design Approval uprate remains on track for mid-2025 completi

  10. Slide 10: The Only U.S. NRC-Approved Small Modular Reactor in Production

    10 The Only U.S. NRC-Approved Small Modular Reactor in Production Long Lead Materials Forging1 Steam Generator Tube Bending Machine/Facility1 1. Source: Doosan Enerbility NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.

  11. Slide 11: Key Financial Themes

    11 Key Financial Themes ▪ Cash position has improved since year-end 2023, while the balance sheet remains debt free ▪ The Company executed cash generating agreements with RoPower and Fluor associated with the advancement of Doicești project FEED Phase 2 ▪ The $52.7M year-over-year reduction in opera

  12. Slide 12: Capitalization Summary

    12 Capitalization Summary1 Share Type Amount Description Class A Shares 97.9M NuScale Power Corporation Class A shares NuScale Power Corporation Class A shares issuable upon the exchange of Class B Shares 154.3M one Class B share and one NuScale Power, LLC Class B unit2 Total Shares Outstanding 252.

  13. Slide 13: NuScale Power Third Quarter 2024 Q&A Session

    NuScale Power Third Quarter 2024 Q&A Session November 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.

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