Nuscale Power Corporation · NYSE:SMR

Nuscale Power — Q2 2023 Earnings Presentation

14 slides from Nuscale Power's earnings presentation, Aug 9, 2023

1. Slide 1: Second Quarter 2023 Results

   Second Quarter 2023 Results August 9, 2023 NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.

2. Slide 2: Important Notices

   Important Notices This presentation (“Presentation”) and any oral statements made in connection with the Presentation do not constitute an offer to sell or a solicitation of an offer to buy any securities. Forward-Looking Statements Certain statements in this Presentation may constitute “forward-loo

3. Slide 3: Leadership Updates

   Leadership Updates Robert Ramsey Clayton Scott Hamady Carl Fisher Chief Commercial Officer Chief Financial Officer Chief Operations Officer 20+ years of industry Global business Extensive portfolio of experience with Navy development experience, financial experience, nuclear program, 40+ years in th

4. Slide 4: Key 2023 Milestones

   Key 2023 Milestones 1 2 3 Secure Next 3 Committed Advance the Design for Key SDA Application Acceptance Customers Components Review by NRC On Track On Track Complete 4 5 Commence Manufacture of Secure Long-Lead Material Upper Reactor Pressure Orders for 10 Additional Vessel NuScale Power Modules™ On

5. Slide 5: Committed Customers Spotlight: Carbon Free Power Project and RoPower Project

   Committed Customers Spotlight: Carbon Free Power Project and RoPower Project • Progress on Carbon Free Power Project • House and Senate appropriations bills fully fund FY24 CFPP need • Limited Work Authorization to perform early construction activities submitted to U.S. Nuclear Regulatory Commission

6. Slide 6: Robust and Diversified Global Customer Pipeline

   Robust and Diversified Global Customer Pipeline Potential customers include governments, state-owned enterprises, public- and investor-owned utilities, coal plant refurbishment, process heat applications, private sector and commercial nuclear power producers, and generation and transmission cooperat

7. Slide 7: Business Development Spotlight: Nucor Corporation

   Business Development Spotlight: Nucor Corporation • NuScale and Nucor Corporation to explore deploying NuScale’s VOYGR™ SMR power plants to provide baseload electricity to Nucor’s electric arc furnace steel mills • Nucor is the largest and most diversified steel and clean steel products company in N

8. Slide 8: Decarbonization Beyond Electric Power

   Decarbonization Beyond Electric Power Nuclear power can provide Nuclear power can provide electricity for heating and steam and electricity for cooling as well as cooking industrial applications like green needs and district heating steel, petroleum refining and petrochemical applications Nuclear po

9. Slide 9: NuScale Steam Production Positioned to Satisfy Key Applications

   9 NuScale Steam Production Positioned to Satisfy Key Applications • Analysis performed gauging a variety of steam production rates at corresponding pressures, temperatures, and estimated NuScale Power Module electrical power outputs • Steam compression is efficient and technically feasible today • A

10. Slide 10: Additional Recent Highlights

    Additional Recent Highlights • U.S. Nuclear Regulatory Commission accepts NuScale’s Standard Design Approval (SDA) application​ • 24-month review schedule continues to support July 2025 approval • While process remains ongoing, encouraged by activity in FY'24 appropriations • Doosan Enerbility conti

11. Slide 11: Key Financial Themes

    Key Financial Themes • New revenue contracts are expected to be accretive and lead to incremental customer Revenue Net Loss Cash growth • Remain on-track to meet guidance for 2023 cash $5.8M $(29.7)M 2Q ’23 2Q ’23 flow from operations guidance vs – Funding for final year vs $214.6M1 No Debt of DOE N

12. Slide 12: NuScale Power Analyst Day

    NuScale Power Analyst Day • Friday, October 6, 2023 • Time: 8 a.m. to 12 p.m. ET • Location: New York Stock Exchange • Please contact ir@nuscalepower.com with any questions • The event will feature informative presentations from NuScale leadership and industry experts on SMR technology and strategy,

13. Slide 13: Capitalization Summary

    Capitalization Summary Share Type Amount Description Class A Shares 74.0M NuScale Power Corporation Class A shares NuScale Power Corporate Class A shares Class B Shares 154.7M issuable upon the exchange of NuScale Power, LLC Class B shares and Class B units1 Total Shares Outstanding 228.7M Legacy op

14. Slide 14: ir@NuScalepower.com

    ir@NuScalepower.com NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.

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