Slide 1: Lightbridge Annual Meeting of Shareholders
© % % g 8g 2%, 2 © © Lightbridge Annual Meeting of Shareholders July 2015 NASDAQ: LTBR
Slide 2: Safe Harbor Statement
Safe Harbor Statement With the exception of historical matters, the matters discussed in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's competitive position, the timing of demon
Slide 3: Patented metallic fuel technology and licensing revenue
Our patented, metallic fuel technology can help global nuclear utilities achieve improved operating economics through increased power output and enhanced reactor safety. LTBR can realize significant, high- margin revenue streams from technology licensing fees and royalties from a growing $25 billion
Slide 4: Lightbridge technology independently validated
Lightbridge technology has been independently validated by respected industry organizations, confirming its: Technology value proposition US nuclear supply chain issues and implications for Lightbridge metallic fuel Proliferation-resistant properties
Slide 5: Independent validation
Lightbridge technology has been independently validated by respected industry organizations, confirming its: Technology value proposition US nuclear supply chain issues and implications for Lightbridge metallic fuel Proliferation-resistant properties Independent validation includes: SIEMENS American
Slide 6: World demand for energy is rapidly rising
World demand for energy is rapidly rising. Nuclear energy is the only clean, sustainable and reliable source that addresses increasing demand for base load power.
Slide 7: Producing the Equivalent of One Cubic Mile of Oil
Producing the Equivalent of One Cubic Mile of Oil ¢ Hydro: 200 dams = 1 every quarter for 50 years = 18 GW with 50% availability Nuclear: 2500 plants = 1 per week for 50 years = 900 MW with 90% availability Solar CSP: 7700 solar parks = 3 per week for 50 years = 900 MW with 25% availability Windmill
Slide 8: Nuclear is a more reliable base load energy source
Nuclear is a more reliable base load energy source Capacity Factor % than coal and generates 80 Zero carbon emissions, as do renewable sources. nuclear coal hydro gas wind solar 70 30 °
Slide 9: Lightbridge Fuel: Lowest Levelized Cost for Incremental Power
Lightbridge Fuel: Lowest Levelized Cost for Incremental Power on the Grid 250 200 150 $/MWh 100 50 Ld Coc ¥ atural Gas Yay 1200 Environmental Impact (COZ Ibs/MWh) K Sources: Siemens Industry Inc., EIA Annual Energy Outlook | Solar 2014, and EPRI “Program on Technology Innovation” 2500
Slide 10: Lightbridge Is advancing nuclear energy
Lightbridge Is advancing nuclear energy
Slide 11: Increases generation, improves safety, enhances economics, decreases waste
INCREASES ELECTRIC GENERATION IMPROVES SAFETY = 10-17% power uprate for existing = Improves response to design pressurized water reactors basis events (Three Mile Island) Up to 30% power uprate for new Increases fuel reliability and build pressurized water reactors reduced occupational exposures App
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Slide 13: Lightbridge Fuel Is Designed for Safety
Lightbridge Fuel Is Designed for Safety 360c Lightbridge Fuel 1250c Conventional Fuel Efficient heat transfer Enhanced structural integrity Reduced operating temperature
Slide 14: Financial & economic benefits
Financial & syexe) ale) aalle benefits
Slide 15: Longer cycle, fewer outages, incremental utility revenue
24 month cycle Fewer outages $60M incremental annual revenue to utility per 1,100 MWe reactor with Lightbridge fuel “Assumes wholesale power price of $55/MWh
Slide 16: Operating pressurized water reactors
Operating 800 pressurized water reactors larger than 900 MWe with more than 20 years m licensed life at 2025 500 400 Sources: The Global Nuclear Fuel Market. Supply and Demand 2011-2030, World Nuclear Association, st 2011 and updated totals from id Nuclear 300 Association database of nuclear reactor
Slide 17: Annual Royalty Revenue Projections
Annual Royalty Revenue Projections For 10% Power Uprate Fuel Wholesale electricity price of $55/MWh 8% Royalty Fee of Incremental Gross Revenue to Utility 10% 15% 20% Note: Revenue projections include an escalation Captured Share of Projected Global Market in 2030 factor of 3% per year.
Slide 18: High return for utilities
Lightbridge technology facilitates a high return for utilities. Internal rate of return for a US nuclear power plant: Wholesale Total incremental Incremental Internal rate of electricity price investment gross margin return $45/MWh $55/MWh $65/MWh *Siemens Industry Inc. Levelized Cost Model, Decembe
Slide 19: Commercial Development Timeline
Commercial Development Timeline High risk Begin testing in research reactor Severe accident testing interest | secured y from host {| “Demonstrate tii | fulllength | manufacturing | / First use in ign commercial agreement reactors with NRC developmen, approval partner, 2014 2016 2018 2020 2022 16
Slide 20: Commercial strategies & footprint
Commercial strategies & footprint
Slide 21: Utilities pull and fuel manufacturers push Lightbridge fuel
aie DUKE Exelon.) scuTesn ae ff Dominion & ENERGY Utilities can pull and fuel manufacturers can push Lightbridge fuel through the supply chain. Global Nuclear Fuel
Slide 22: Nuclear Utility Fuel Advisory Board
Nuclear Utility Fuel Advisory Board « “Voice of the Customer” in Lightbridge’s nuclear fuel development and commercialization activities; * Senior fuel managers from utility companies that account for approx. 50% of installed US nuclear capacity; « In May 2015, NUFAB members submitted a formal expre
Slide 23: Lightbridge Near-Term Catalysts for Nuclear Fuel Business
Lightbridge Near-Term Catalysts for Nuclear Fuel Business ¢ Fabricate irradiation fuel samples in 2016 ¢ Begin test reactor irradiation of the fuel samples by early 2017 « Enter into a cost-sharing arrangement with an industry partner and/or government by 2017 to support deployment of a pilot-scale
Slide 24: Consulting business and team
& % G 84 O%%,2 © Lightbridge Nuclear Government generation regulations Our world class team of consultants generates revenue with solid operating margins and strong credibility from many successful projects. Industry leading team of technology designers and suppliers, operators, regulators, and inte
Slide 25: Generation services
Generation services Nuclear power deployment Procurement, licensing & Project Detailed construction 5 Operations feasibility planning National infrastructure & : organizational development Regulatory services Develop & Ongoing implement national Assist in setup & Site & facility assistance for a i i
Slide 26: Lightbridge Value Proposition
Lightbridge Value Proposition Patented technology delivers improved operating economics, more power output and enhanced reactor safety Unparalleled combination of nuclear industry intellectual capital and management expertise Nuclear is the only clean, sustainable and reliable energy source that add
Slide 27: Lightbridge
©» & % g 8g 2%, © © Lightbridge Lightbridge Corporation — 1600 Tysons Blvd., Ste. 550 —- McLean, VA 22102 +1-571-730-1213 — ir@ltbridge.com — http://www.ltbridge.com Twitter: @LightbridgeCorp NASDAQ : LTBR