Oklo Inc. · NYSE:OKLO
Oklo — Q1 2025 Earnings Presentation
26 slides from Oklo's earnings presentation, May 13, 2025
Slide 1: 1Q 2025 Company Update
1Q 2025 Company Update 1 1
Slide 2: Forward-looking statements
Forward-looking statements ABOUT THIS PRESENTATION This presentation is provided by Oklo Inc. (“Oklo”) for informational purposes only. The information contained herein does not purport to be all inclusive and no representations or warranties, express or implied, are given in, or in respect of, this
Slide 3: Growing political support for nuclear deployment
Growing political support for nuclear deployment How Executive Orders could impact nuclear power in 2025 and beyond ACCELERATING NUCLEAR DEPLOYMENT Streamlines permitting and clears regulatory hurdles to fast-track next-gen nuclear development REINFORCING FEDERAL LEADERSHIP Reduces State interferenc
Slide 4: Secretary Wright emphasizes commitment to expanding and accelerating nuclear deployment
Secretary Wright emphasizes administration's commitment to expanding and accelerating nuclear deployment "We are working to launch the long-awaited American nuclear renaissance, fission and fusion. We want more reliable, affordable, secure energy.” [1] "We're bringing common sense back and accelerat
Slide 5: Our mission is to provide clean, reliable, and affordable energy on a global scale
Our mission is to provide clean, reliable, and affordable energy on a global scale. 5 5
Slide 6: Oklo competitive advantages
Oklo competitive advantages Attractive build, own, operate business model Selling power, not power plants, directly to customers under long-term contracts provides recurring revenues and a Technology streamlined regulatory pathway. Modern, small-scale design Our small, scalable designs combine the u
Slide 7: Oklo leverages proven technology to streamline commercial deployment
Licensing progress Oklo leverages proven technology to streamline commercial deployment Built on validated technology to reduce time to market MATURE TECHNOLOGY Oklo’s Aurora powerhouse builds directly on proven technology from the Experimental Breeder Reactor-II (EBR-II), which successfully operate
Slide 8: Oklo quarterly progress framework
Oklo quarterly progress framework Project execution Project execution Project execution Licensing progress Project execution Fuel, recycling, & feedstock • Progress on project development, • U.S. Nuclear Regulatory Commission • Commercialization milestones construction, and operations (NRC) pre-appl
Slide 9: Oklo quarterly progress update
Oklo quarterly progress update Project execution Project execution Project execution Licensing progress Project execution Fuel, recycling, & feedstock Completed Idaho National Initiated combined license pre- Preparing the submission for the licensing Laboratory (INL) site drilling application readin
Slide 10: Oklo moves closer to deployment at the Aurora-INL site
Project execution Oklo moves closer to deployment at the Aurora-INL site Progress on Oklo’s path to its first Aurora powerhouse in Idaho • Completed site drilling campaign at INL, including some seismic and geophysical studies to support licensing • Finalized memorandum of agreement with DOE and Int
Slide 11: Oklo continues to achieve milestones for powerhouse and fuel fabrication licensing
Licensing progress Oklo continues to achieve milestones for powerhouse and fuel fabrication licensing Phase I: Pre-application readiness assessment Licensed operator topical report Oklo initiated Phase 1 of its pre-application readiness assessment Oklo has submitted its licensed operator topical rep
Slide 12: Oklo has one of the most comprehensive fuel strategies of any advanced nuclear company
Fuel fabrication & recycling Oklo has one of the most comprehensive fuel strategy of any advanced nuclear company Summary Why it matters Oklo was awarded 5 metric tons of fuel Oklo is the only advanced nuclear company Government nuclear from the U.S. Department of Energy in with fuel secured for its
Slide 13: Oklo named eligible to pursue contracts under the ANPI program
Customer pipeline Oklo named eligible to pursue contracts under the Advanced Nuclear Power for Installations (ANPI) program What is ANPI? • U.S. Department of Defense (DOD) program focused on deploying advanced reactors to enhance energy resilience on military installations • Led by the Defense Inno
Slide 14: Atomic Alchemy is developing a new domestic source for critical radioisotopes
Atomic Alchemy is developing a new domestic source for critical radioisotopes Company highlights World-class partners • Founded in 2018 and initially funded through Y Combinator • Pursuing an innovative approach to radioisotope production to address global shortages and establish a reliable domestic
Slide 15: Atomic Alchemy's vertically integrated VIPR facilities will consolidate isotope supply chain
Atomic Alchemy’s vertically integrated VIPR facilities will consolidate an aging and fragmented isotope supply chain Reactor Processing Facility Manufacturer Customer Existing radioisotope supply chain Site 1 Site 2 Site 3 Site 4 Reactor, Processing Facility, and Manufacturer Customers Consolidated
Slide 16: VIPR facilities will have broad radioisotope production and irradiation potential
VIPR facilities will have broad radioisotope Defense/Aerospace production and irradiation potential Californium-252 Used to inspect airline luggage for hidden explosives Iridium-192 Used in non-destructive inspection of aircraft parts Tritium (H-3) Used for self-luminous aircraft Medical Plutonium-2
Slide 17: Atomic Alchemy's two project strategy for entering the radioisotope market
Atomic Alchemy's two project strategy for entering the radioisotope market Project 1: Demonstration project Project 2: First commercial VIPR facility PROJECT DESCRIPTION PROJECT DESCRIPTION Investment in lab equipment to process radioisotopes for third-party irradiation and Construction of a four-re
Slide 18: Welcome Pat Schweiger – Chief Technology Officer
Welcome Pat Schweiger – Chief Technology Officer A proven engineering leader in advanced nuclear systems Chief Engineer, SPARC at Commonwealth Fusion Systems Led design, construction, and commissioning of an MCF tokamak; oversaw a team of 400+ FTEs SVP & VP Roles at TerraPower Directed nuclear plant
Slide 19: Board of directors update
Board of directors update Jacob DeWitte Caroline Cochran Co-Founder and CEO Chairman of the Board of Directors Co-Founder and COO Michael Thompson Lieutenant General Daniel Poneman Michael Klein Richard Kinzley (Ret.) John Jansen 19
Slide 20: Key 1Q 2025 financial highlights
Financials Key 1Q 2025 financial highlights 1Q 2025 Loss from operations • Primarily driven by Payroll, Professional Fees, and Other Business General Expenses $17.9M • Includes ~$2.3 million of non-cash stock-based compensation expense Loss before income taxes Loss before income taxes of $14.2 milli
Slide 21: Why Oklo?
Why Oklo? Technology and size Attractive business model Superior economics Oklo’s technology is based on proven fast Selling power, not power plants, Strategic reactor design decisions and reactor technology. Small-scale plants directly to customers under long-term waste recycling result in low capi
Slide 22: Thank you
Thank you 22 22
Slide 23: Balance sheets
OKL O INC. CONSOLIDATED Balance sheets (in thousands, except share data) (unaudited) As of March 31, 2025 December 31, 2024 Cash and cash equivalents $ 90,078 $ 97,132 Marketable debt securities 110,940 130,682 Prepaid and other current assets 3,888 4,125 Total current assets 204,906 231,939 Marketa
Slide 24: Statement of operations
OKL O INC. CONSOLIDATED Statement of operations (in thousands, except share data) (unaudited) Three Months Ended March 31, 2025 2024 Research and development $ 7,846 $ 3,660 General and administrative 10,028 3,710 Total operating expenses 17,874 7,370 Loss from operations (17,874) (7,370) Change in
Slide 25: Statements of cash flows
OKL O INC. CONSOLIDATED Statements of cash flows (in thousands) (unaudited) Three Months Ended March 31, 2025 2024 Net loss $ (9,810) $ (24,022) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 124 49 Change in fair value of simple agreements
Slide 26: Statements of cash flows (cont'd)
OKL O INC. CONSOLIDATED Statements of cash flows (cont’d) (in thousands) (unaudited) Three Months Ended March 31, 2025 2024 Net (decrease) increase in cash and cash equivalents $ (7,054) $ 28,151 Cash and cash equivalents - beginning of period 97,132 9,868 Cash and cash equivalents - end of period 9