Centrus Energy Corp. · NYSE:LEU
Centrus Energy — Q1 2026 Earnings Presentation
10 slides from Centrus Energy's earnings presentation, 2026
Slide 1: 1Q 2026 Earnings
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Slide 2: Forward-Looking Statements
Forward-Looking Statements Disclaimer: This presentation of Centrus (the “Company,” “we” or “us”) contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, for
Slide 3: Q1 2026 Financial and Operational Highlights
Q1 2026 Financial and Operational Highlights Disciplined capital allocation strategy with numerous wins and operational progress $1.9bn $2.4bn $900mm2 Cash on Balance Sheet1 Growing Backlog of Contingent DOE Award LEU Sales Commitments $76.7mm 2 $45.2mm3 1Q 2026 Revenue1 Announced New Partnerships t
Slide 4: Q1 Financial Results Bridge
Q1 Financial Results Bridge GAAP/Reported Adjustment Bridge Adjusted1 Earnings & Spending Adjustments by Category Net Income $10.0mm $17.0 $0.4 ($3.9) Tax Impact Net Income $23.5mm Stock-Based Comp $23.5 Shares Outstanding Shares Outstanding Basic Diluted Basic Diluted Advanced Tech 19,773 22,446 Ex
Slide 5: Building Ecosystem of Best-in-Class Partnerships
Notable Upside Opportunities to Drive Down Costs and Bring in Lead Times Building Ecosystem of Best-in-Class Partnerships Day One Focus: Costs and Lead Times Growing Partnership Network Cascade # 1 2 3 4 … 96 • Served as key construction partner on previous 2013 LEU demonstration cascade Fluor 421 F
Slide 6: Strong Q1 Operational Progress
Strong Q1 Operational Progress Certified-for-Construction (CFC) Finalized Contracts1 Q1 Q2 Q3 Q4 Q4 Critical Partner Contracts ~33% 5% 15% 30% 90% 100% Sign Engineering 1st System 1st System Completed Partners Plan Design Design Package Engineering Conceptual Design Design Released for Partner Scope
Slide 7: Updated 2026 Guidance
Updated 2026 Guidance1 Financials Updated: $450mm - $500mm $350mm - $500mm (Previous: $425mm - $475mm) Total Capital Deployed2 Total Company Revenue Operational 100% Complete Updated:100+ 100+ Finalize Contract with Partners CfC3 Package (Previous: 50+) Workforce Additions identified as Critical Wor
Slide 8: Investor Relations Contact
Section Text Goes Here Investor Relations Contact: Neal Nagarajan NagarajanNK@CentrusEnergy.com
Slide 9: Appendix: 2026 Guidance Assumptions
Appendix: 2026 Guidance Assumptions The Company’s 2026 guidance is subject to a number of assumptions and uncertainties that could affect results either positively or negatively. Variations from these expectations could cause differences between this guidance and the ultimate results. This includes
Slide 10: Appendix: Reconciliation Table
Appendix: Reconciliation Table Adjusted Operating Income. Adjusted Net Income, and Adjusted Net Income per Share Reconciliation Table All figures in $mm other than per share and number of shares Three Months Ended March 31, 2026 Stock-Based Adjusted (Non- GAAP Growth Costs Compensation GAAP) Gross P