Nuscale Power Corporation · NYSE:SMR

Nuscale Power — Q2 2022 Earnings Presentation

10 slides from Nuscale Power's earnings presentation, Aug 10, 2022

  1. Slide 1: Second Quarter 2022 Results

    Second Quarter 2022 Results August 10, 2022 NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC.

  2. Slide 2: Important Notice

    Important Notice 2 • This presentation (“Presentation”) and any oral statements made in connection with the Presentation do not constitute an offer to sell or solicitation to buy any securities in any jurisdiction, nor shall there be any sale of securities in any jurisdiction in which it is unlawful

  3. Slide 3: NuScale's Five Key Milestones for 2022

    NuScale’s Five Key Milestones for 2022 3 01 Secure the next committed customer Issue long-lead material specs for Reactor Pressure 02 Vessel 03 Complete the Reactor Building Design Submit the Standard Design Approval application to 04 the U.S. NRC for VOYGR-6 six module power plant 05 Submit the Sta

  4. Slide 4: Key Milestone #1: Secure the Next Committed Customer

    Key Milestone #1: Secure the Next Committed Customer 4 Romania Study Grant for University Politechnica • 6/26/22: U.S. government commits $14 • 5/23/22: U.S. Department of State million toward a Front-End Engineering awards $600,000 grant to install a and Design study in Romania NuScale E2 Center at

  5. Slide 5: Key Milestone #2: Issue Long-Lead Material Specification for the Reactor Pressure Vessel

    Key Milestone #2: Issue Long-Lead Material Specification for the Reactor Pressure Vessel 5 • Completed in May • Initiated pre-manufacturing activities to ensure client manufacturing support • Upper RPV die ordered from Doosan in April • Completed physical testing of the steam generator tube installa

  6. Slide 6: Key Milestone #4: Submit the Standard Design Approval Application to U.S. NRC

    6 Key Milestone #4: Submit the Standard Design Approval Application to U.S. NRC • Driving ahead on critical activities that support the SDAA • Delivery of reactor building crane design inputs • Completion of reactor building seismic inputs for fuels analysis • Completion of Emergency Core Cooling (E

  7. Slide 7: Other Highlights

    7 Other Highlights Formed the new VOYGR Services and Delivery business unit, comprised of services, supply chain, and client management functions; will help deliver our VOYGR plants and services to help customers operate and maintain them more effectively Licensing agreement with Paragon will enable

  8. Slide 8: Q2 2022 Financial Highlights

    Q2 2022 Financial Highlights 8 01 2Q22 Revenue of $2.7M versus $0.4M in 2Q21 02 2Q22 Net Loss of $(21.4M) versus $(24.7M) in 2Q21 03 $351M cash, no debt 04 Raised $381M via successful Spring Valley Acquisition Corp. merger 05 Re-affirming financial projections NuScale Nonproprietary Copyright © 2022

  9. Slide 9: Capitalization Summary

    9 Capitalization Summary Shares Outstanding Dilutive Shares NuScale Power Corporation Class A shares Legacy options converted to NuScale Power Corp • 14.4M: Spring Valley Class A shares stock options • 3.9M: Spring Valley Founder shares • 14.7M: NuScale Power Corp stock options • 23.7M: PIPE shares

  10. Slide 10: ir@nuscalepower.com

    ir@nuscalepower.com NuScale Nonproprietary Copyright © 2022 NuScale Power, LLC.

NuScale Power — Q2 2022 Earnings Presentation on 6ix