Centrus Energy Corp. · NYSE:LEU
Centrus Energy — Investor Presentation (August 2026)
24 slides from Centrus Energy's investor presentation, August 2026
Slide 1: Investor Presentation August 2026
Investor Presentation August 2026
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: Centrus Overview
Centrus Overview Key Facts1 Fueling America’s Energy Independence and Nuclear Dominance Only Proven-Technology American Uranium Enrichment Company Ticker and Exchange: LEU (NYSE) Immediate growing electrification needs and future AI / Datacenter energy growth Headquarters: Bethesda, MD Forging the p
Slide 4: Proven Leadership
Proven Leadership Nearly a century of combined experience and expertise across Energy and Nuclear Fields Amir Vexler Todd Tinelli Patrick Brown John M.A. Donelson, PE President, CEO SVP, CFO & Treasurer SVP, Field Operations SVP, CMO Prior Experience: Prior Experience: Prior Experience: Prior Experi
Slide 5: Key Investment Highlights
Key Investment Highlights Uniquely positioned to benefit from long term nuclear tailwinds, baseload power scarcity, and supportive U.S. energy policy ONLY publicly traded, deployment-ready enricher positioned to meet the existing growing and existing commercial LEU and 1 National Security markets as
Slide 6: Financial Snapshot
Financial Snapshot Fortified liquidity profile and a disciplined capital allocation strategy positions Centrus to enable commercial-scale ramp up: $1.9bn $3.0bn $900mm2 Cash on Balance Sheet1 Growing Backlog of Contingent DOE Award LEU & HALEU Sales Commitments 5.6% 13% $31.3mm Annual Net Income Gro
Slide 7: Nuclear Fuel Cycle
Nuclear Fuel Cycle Centrus controls the nuclear fuel cycle’s highest barrier-to-entry stage: uranium enrichment. By converting feedstock into specialized fuel via de-risked, deployment-ready, proprietary technology, Centrus serves as the indispensable bridge between upstream mining and downstream de
Slide 8: Roadmap to Commercial Enrichment
Roadmap to Commercial Enrichment Primarily Enrichment with Rapidly Majority Broker Dealer + Growing Primarily Broker Dealer Growing Capacity Enrichment Capacity + Complementary Broker Dealer Centrus Commercial Enrichment Centrus Centrifuge Build Out Orano Supply Contract1 TENEX Supply Contract1 Dece
Slide 9: Abundant Room for Expansion
Abundant Room for Expansion Operational footprint exceeds requirements to meet full range of commercial and national security requirements for LEU, LEU+ & HALEU Proven Infrastructure Investing in the Future • Existing process buildings can host approximately 3.5mm SWU1 per year American Centrifuge P
Slide 10: Global LEU SWU Market
Global LEU SWU Market Existing Capacity is Controlled by State-Owned Entities1 Historical SWU Prices2 Centrus is Positioned to Close this Gap $225 Centrus Capacity $200 16 14 Orano 14 10mm SWU $175 Un ~12% Global Russian / Ukraine $180 12 av Capacity CNNC War Begins ail SWU (mm) 11mm SWU 10 ~17% Glo
Slide 11: Go-To-Market Strategy Focused on Large, Existing Markets
Go-To-Market Strategy Focused on Large, Existing Markets Large existing demand from Commercial LEU + National Security Needs BEFORE AI, Datacenter and HALEU Demand Develops Commercial LEU1 National Security Advanced Reactors Large existing and growing Gen II+III fleet Known and growing demand First-
Slide 12: LEU Segment Backlog
LEU Segment Backlog Strong Enrichment order momentum driven by buildout progress and end-market tailwinds ($ in millions) $700 $3,700 Legend $3,000 Contingent LEU + HALEU Backlog: Future commercial enrichment business • All Financial contingencies removed • $2.4bn of $3.0bn backlog under definitive
Slide 13: Growing Pools of Capital to Support Multi-Billion Dollar Build-out
Growing Pools of Capital to Support Multi-Billion Dollar Build-out Profitability Achieved Before Full Buildout of 96 Cascades Growing Number of Low-Cost-of-Capital Pools Cascade Build-Out Cadence1 National Security Cascade # 1 2 3 4 … 96 NNSA recently announced intent to sole source certain EUP3 fro
Slide 14: Notable Upside Opportunities to Drive Down Costs and Bring in Lead Times
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 • Served as key construction partner on previous Cascade # 1 2 3 4 … 96 Fluor 2013 LEU demonstration cascade Febru
Slide 15: Timeline to first Cascade
Timeline to first Cascade June 20th, 2025 November 6th, 2025 January 5th, 2026 2026 Operational and Financial Targets DOE extended Centrus’s HALEU Centrus announced a quarter end DOE selects Centrus for a $900mm1 Financial production contract by $110mm cash balance of $1.6bn, driven by task order to
Slide 16: Q2 Operational Progress
Q2 Operational Progress Certified-for-Construction (CFC) Finalized Contracts1 Q1 Q2 Q2 Q3 Q4 Critical Partner Contracts ~75% 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 Locked
Slide 17: Updated 2026 Guidance
Updated 2026 Guidance1 Financials $450mm - $500mm $350mm - $500mm Total Company Revenue Total Capital Deployed2 Operational 100% Complete Updated:175+ 100+ Complete Finalize Contracts with (Previous: 100+) Workforce Additions First Centrifuge Partners identified as CfC3 Package in Oak Ridge, TN Crit
Slide 18: Investor Relations Contact
Section Text Goes Here Investor Relations Contact: Neal Nagarajan NagarajanNK@CentrusEnergy.com
Slide 19: Appendix: Operating Structure
Appendix: Operating Structure Legend 1 Current and future HALEU production, future LEU and LEU+ production, and other uranium enrichment in the Consolidation Level future for national security missions 2 Leveraging Centrus’ technical capabilities to provide a range of other products and services for
Slide 20: Appendix: LEU and CTS Segment Overviews
Appendix: LEU and CTS Segment Overviews Established LEU Segment Scaling CTS Segment Built the only U.S. facility licensed to produce HALEU and one of two U.S. $3.7bn Revenue Backlog1 with contracts through 2040 facilities licensed to produce LEU Key Differentiators World’s most diversified supplier
Slide 21: Appendix: Department of Energy HALEU Operations Contract Award
Appendix: Department of Energy HALEU Operations Contract Award HALEU Operations Contract: Proof-point of Centrus' technology commercial potential Project Timeline Phase 1 Phase 2 Phase 33 • Complete construction of cascade • Full year1 of production and • DOE exercised new Second Contract Benefits O
Slide 22: Strong Partnerships with Key Nuclear Players
Strong Partnerships with Key Nuclear Players Several agreements with key nuclear players to further spur development of next-generation nuclear capabilities Company Overview Opportunity Partnership • Signed a 10-year enriched Global Utilities LEU & HALEU uranium supply agreement • Agreement to sell
Slide 23: 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 24: Appendix: Terminology
Appendix: Terminology Abbreviation Definition LEU Low-Enriched Uranium: used in majority of existing commercial reactors with a U-235 enrichment level just below 5% HALEU High-Assay, Low-Enriched Uranium: required by majority of next generation reactors, U-235 enriched as high as 19.75% HEU Highly E