Terrestrial Energy Inc. · NASDAQ:IMSR
Terrestrial Energy — Investor Presentation (July 2026)
26 slides from Terrestrial Energy's investor presentation, July 2026
Slide 1: Delivering affordable nuclear at scale
Delivering affordable nuclear at scale JULY 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: Investment summary
Investment summary The most capital-efficient SMR for rapid deployment at scale Terrestrial Energy is an SMR developer whose proprietary Integral Molten Salt Reactor (IMSR), a Generation IV technology, delivers low-cost nuclear energy. Its use of readily available LEU fuel, modular design for fast c
Slide 4: IMSR Plant addresses both industrial heat and electricity markets
The IMSR Plant's unique attributes allow it to address $1.6T both industrial heat and electricity markets current SAM Total Serviceable Addressable Firm & Low-Cost High Temperature Market (SAM) for IMSR Plants is IMSR Plants have high-temperature thermal output, creating Industrials require clean fi
Slide 5: IMSR Plant designed for fast delivery of energy solutions to industry
End-user heat / power (industry / grid electric power) IMSR Plant is designed C for fast delivery of energy solutions to IMSR Non-nuclear Thermal and Electric Facility (TEF) B industry A Dual IMSR Nuclear Separation of nuclear from thermal Facility and electrical systems allows: • Allows end-user fl
Slide 6: IMSR Plant innovation reaches new markets and sectors
IMSR Plant innovation reaches new markets and sectors The IMSR Plant has the operational Data center power supply 1 Increasing demand for computing driven by the AI industry requires near- and co-located clean firm capability to supply three key, large market power. IMSR Plants can be installed at n
Slide 7: IMSR Plant addresses weaknesses and limitations of LWR and Gen IV technology
Terrestrial Energy’s IMSR Plant addresses the weaknesses and limitations of LWR Gen IV Sodium Fast Reactor Terrestrial Energy IMSR Gen IV High Temperature Gas technology with best- Gen IV Molten Salt Reactor (MSR) Reactor (HTGR) (SFR) in-class Gen IV Best-in-class SMR capital efficiency: Lower capit
Slide 8: IMSR plant's technology and design choices drive large economic advantages
IMSR plant’s technology and M O LT E N S A LT C O O L A N T design choices drive The superior reactor coolant • High thermal stability large economic advantages • High radiation stability • High heat capacity High thermal stability of molten salt enables safe high- temperature and low-pressure opera
Slide 9: Patented Replaceable IMSR Core-unit Solves Key Industrial Maintenance Challenge
Innovative and Patented Replaceable IMSR “Core-unit” Solves the Key Industrial Maintenance Challenge for the MSR, Releasing the technology’s commercial potential Cut-away reactor building, one of two 01 IMSR Core-unit cut-away (illustrative) 02 in the IMSR Plant (illustrative) All primary reactor co
Slide 10: IMSR is Built on 65 Years of National Lab Proven MSR Technology
IMSR is Built on 65 Years IMSR is a molten salt of National Lab Proven and Demonstrated MSR Technology reactor that uses: Fluoride salt chemistry 1958-1969 2010 Molten Salt Reactor (MSR) research • ORNL pre-conceptual design for SALEU-fueled once- program started in the 1950s1, 2 Small Modular Advan
Slide 11: Compared to LWR Technology, IMSR Offers Transformative Advantages
Compared to LWR IMSR Plant LWR Plant Technology, IMSR Offers Coolant Molten Salt Water Transformative Advantages Temperature of 585°C ~270°C Thermal Supply Net Thermal Efficiency on a Range of Technical 44% ~30% of Electricity Generation Pressure Low: 1 bar (atmospheric) High: 55-150 bar and Economi
Slide 12: Business Model
Business Model Revenues start well before construction at site development project stage and last for the entire operation of the plant Terrestrial Energy’s Full project lifecycle business is to: Site and Project Development IMSR Plant Operations Supply engineering services for Development Scope and
Slide 13: IMSR Technology Fundamentals Drive Down the LCOE
IMSR Technology Fundamentals Drive Down the LCOE – Illustrative Inherent safety uses the natural Low pressure systems are more properties of the system itself and not complex robust and less complex than active mechanisms using control rods, pumps, high-pressure systems valves, and actuators $142 –
Slide 14: IMSR uses readily available and inexpensive low-enriched uranium in its fuel
IMSR uses readily available and inexpensive low-enriched uranium (LEU) in its fuel Low-Enriched Uranium High-Assay Low-Enriched Uranium LEU1 HALEU (15-20%) Uranium-235 <5% U-235 15-20% U-235 enrichment level $2,700 / kgU2 Cost $32,600 / kgU2 Terrestrial Energy IMSR (Gen IV), Gen II/III/III+ Most oth
Slide 15: IMSR's triple advantage delivers best-in-class capital efficiency
IMSR’s triple advantage – high-temperature, low-pressure operation with high inherent safety – and using LEU to deliver best-in-class capital efficiency with speed to fleet scale 585 °C 44% vs 30% $8.6 $69 IMSR heat supply is best-in-class, vs Electricity is generated up to ~50% Exceptional levelize
Slide 16: Contracts entered with leading group of suppliers for services and components
Contracts entered with leading group of suppliers Plant & Infrastructure for services and components Nuclear fuel * * * Blue-chip service and major component suppliers support deployment readiness R&D and System Testing Awards to top-tier suppliers of engineering and operations services inspire nucl
Slide 17: Terrestrial Energy is scaling up its IMSR plant project pipeline
Terrestrial Energy is scaling up its IMSR plant project pipeline Industrials Capital Utilities Data Market demand and policy Ammonia and centers goods 50+ Mining hydrogen developments are driving Portfolio of 50+ consortium deployment in major markets relationships with the potential to deliver addi
Slide 18: Tracking 2026 guidance. Catalysts and positioning for long-term growth
Tracking 2026 guidance. Catalysts and positioning for long-term growth PILLARS 2026 DRIVERS EXPECTED FUTURE DRIVERS • NRC approves Principal Design Criteria and Postulated Initiating Events • Construction and operation of DOE partnership TETRA pilot reactor Engineering methodology Topical Reports an
Slide 19: Capital-light business model taps four revenue streams
Cumulative Gross Margin Segment Description % of Revenue revenue $M % Site selection, site and use-specific Pre-construction services engineering studies for construction and licensing planning preparation $98 23% 4% Terrestrial Energy’s Construction services & Supply of services and components as s
Slide 20: Capital-Light Business Model Across the IMSR Plant's 50+ year Lifecycle
Terrestrial Energy’s Capital-Light Business Model Taps Four Revenue Streams Across the IMSR Plant’s 50+ year Lifecycle Gross Pre-Construction Construction Operating Margin Pre-construction services 26% $98 $98 Construction services & $477 26% component supply Post-construction IMSR Core- 33% $197 $1
Slide 21: Terrestrial Energy Leadership
A proven leadership team Terrestrial Energy Leadership A leadership team with extensive experience across scientific, commercial, and policy realms Simon Irish David LeBlanc, PhD William Smith, P. Eng. CEO, Director CTO, Director COO • Extensive investment banking • Globally recognized expert on mol
Slide 22: Terrestrial Energy Leadership
A proven leadership team Terrestrial Energy Leadership A leadership team with extensive experience across scientific, commercial, and policy realms Iftikhar Haque David O’Keefe Dara Harrison VP Nuclear Supply Chain VP Business Development & Project Management VP Human Resources • Over 35 years of su
Slide 23: Compelling demand tailwinds
Compelling demand tailwinds AI data center growth, grid reliability, and energy security are driving secular changes and unprecedented demand for clean firm power and SMR innovation Most capital-efficient SMR Proprietary Gen IV IMSR technology incorporating tested and demonstrated DOE molten salt te
Slide 24: Glossary
Glossary Term Definition Base load The minimum amount of electric power delivered or required over a given time period at a steady rate. Core-unit The term to denote the vessel that contains the primary components of the IMSR, the reactor core, heat exchangers, pumps, etc. DOE and LPO The United Sta
Slide 25: High-temperature Industrial Process Heat in OECD is a Primary Market
High-temperature, High-quality Industrial Process Heat in OECD is a Primary Market Primary energy 10% of primary energy Implied number Implied SAM consumption consumption is high-temp of IMSR Plants (US$ T) (Quadrillion BTUs)1 industrial process heat2 886 × 1,062 1,205 668 Non 2.93 × 108 MWh / quad3
Slide 26: Global Nuclear Electricity Generation in OECD Markets Represents a Large Additional Primary Market
Global Nuclear Electricity Generation in OECD Markets Represents a Large Additional Primary Market Demand for Implied number Implied SAM nuclear power of IMSR Plants (US$ T) (GWe)1,2 1,172 1,228 1,000 MWe / GWe 693 Non 710 $1.1 ÷ OECD $0.6 413 136 × = × $931 M / IMSR Plant3 = 479 OECD 277 390 MWe /
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