Nuscale Power Corporation · NYSE:SMR

Nuscale Power — Investor Day (October 2023)

95 slides from Nuscale Power's investor day presentation, Oct 6, 2023

Slide 1: NuScale Power 2023 Analyst Day
NuScale Power 2023 Analyst Day
Slide 2: Forward-Looking Statements
2NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Forward-Looking Statements 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. Certain statements in
Slide 3: Agenda
3NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Agenda NuScale Power’s Vision and Strategy John Hopkins, President and Chief Executive Officer Financial Strategy and Outlook Ramsey Hamady, Chief Financial Officer Consistent Delivery Through Operational Excellence Carl Fisher, Chief Op
Slide 4: NuScale's Vision and Strategy
NuScale’s Vision and Strategy John Hopkins President and Chief Executive Officer
Slide 5: NuScale Power for All Humankind
5NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Power for All Humankind Transformational small modular reactor (SMR) provider well- positioned as a first-mover and long-term leader Massive market opportunity to power decarbonized energy transition, expand reliable energy security, and
Slide 6: NuScale is the Leading SMR Technology Provider and an OEM
6NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale is the Leading SMR Technology Provider and an OEM NuScale at a Glance (NYSE: SMR) Who We Are and What We Do Original Equipment Manufacturer (OEM) 545 employees with unparalleled experience ✓ ~33% earned Masters in Engineering/Sci
Slide 7: Partnership Accelerates and Expands Our Technology Deployment
7NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Independent energy production company with 45+ years of experience Robust global pipeline of energy production plants to be powered by NuScale’s SMR Technology Overview Partnership Accelerates and Expands Our Technology Deployment Strate
Slide 8: Transition Requires Massive Increase in Carbon-Free Capacity Additions
8NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Transition Requires Massive Increase in Carbon-Free Capacity Additions for Electricity Needs Alone Established Leader in Capturing Attractive SMR Addressable Market Opportunity • Expected to capture a meaningful portion of the growth in
Slide 9: Only Near-term Deployable SMR
9NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Only Near-term Deployable SMR NuScale Can Power a Range of Applications Critical to Energy Transition OIL REFINERIES Oil Refineries Study Reduction of Carbon Emissions (Fluor and NuScale) HYDROGEN PRODUCTION Hydrogen Production Study Hig
Slide 10: Many Sectors Still Need to Decarbonize Energy Consumption
10NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Many Sectors Still Desperately Need to Decarbonize Energy Consumption Our Technology Can Provide Solutions to Diverse Set of Energy Transition Needs Total U.S. Greenhouse Gas Emissions by Economic Sector (2021) Source: EPA – Sources of
Slide 11: Significant U.S. Government Support for SMRs
11NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Significant U.S. Government Support for SMRs to Help Power the Energy Transition Support Highlights the Potential SMRs Have to Provide Energy Solutions Key Inflation Reduction Act (IRA) Provisions Provides Significant Tax Credits for Ad
Slide 12: Assembled Team with Skills Needed for Next Stage
12NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Assembled Team with Skills Needed for Next Stage of Development Seasoned Management Team is a Key Competitive Advantage John Hopkins President & Chief Executive Officer Since 2012 Ramsey Hamady Chief Financial Officer Since 2023 UNITED
Slide 13: Pivoting from R&D Focus to Commercialization and Product Delivery
13NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Pivoting from R&D Focus to Commercialization and Product Delivery How We Win | Strategy for Long-term Profitable Growth Accelerating technology and manufacturing readiness Deploying best-in-class designs and manufacturing processes Expa
Slide 14: Driving Long-term Customer and Shareholder Value Creation
14NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Driving Long-term Customer and Shareholder Value Creation Sustainable Competitive Advantages Fuel Advanced Nuclear Leadership Mature Technology & Intellectual Property Operational & Regulatory Excellence Deep Industry Relationships Stra
Slide 15: Unparalleled Technology, Safety and Innovation
José N. Reyes, Ph.D. Unparalleled Technology, Safety and Innovation Co-Founder and Chief Technology Officer
Slide 16: NuScale is Mission Driven to Help Solve Key Global Energy Problems
16NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale is Mission Driven to Help Solve Key Global Energy Problems Well-Positioned to Address the Most Critical Domestic and Global Needs Provide scalable advanced nuclear technology to improve the quality of life for humankind around t
Slide 17: Technology and Innovation Priorities
17NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Technology and Innovation Priorities Mission to improve quality of life fuels our technological development and innovation Poised for sustainable SMR regulatory and commercial leadership due to our unparalleled design safety features Sa
Slide 18: Our Core Technology | NuScale Power Module
18NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Our Core Technology | NuScale Power Module™ Reactor Pressure Vessel Pressurizer Containment Electrical Capacity Modules per Plant Design Life Fuel Supply Safety Emergency Planning Zone (EPZ) 77 MWe Up to 12 (924 MWe) 60+ years Existing
Slide 19: Unparalleled Safety and Demonstration
19NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Unparalleled Safety and Demonstration ✓ 67 years of civilian and naval operational experience ✓ Used in more than 350 commercial reactors globally, and 83 nuclear- powered ships ✓ Natural circulation with light water pressurized and pac
Slide 20: Setting SMR Standards for Design Safety and Innovation
20NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Setting SMR Standards for Design Safety and Innovation Coping Period Comparison: Extreme Station Blackout & AC/DC Power Loss “Black-Start” and “Island Mode” No grid power or connection required – first for a nuclear power plant First Re
Slide 21: First-Mover in Providing the Only Viable Zero-Emission Baseload Technology
21NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. First-Mover in Providing the Only Viable Zero-Emission Baseload Technology Generation Type Approx. 2020 U.S. Generation Volume Mix (EIA) Baseload Capable/ Dispatchable? Zero- Emission? Effectively Deployable at Scale? Gas/Oil Coal Nucle
Slide 22: Why Our 12-Module Design is Better
22NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Large-Scale Nuclear Power Plant Why Our 12-Module Design is Better Creating Value Through Better Siting, Flexibility, Safety and Operating Efficiency Indefinite self-cooling; no AC/DC or added H2O; passive Baseload; industrial heat; hyd
Slide 23: NuScale is Years Ahead of the SMR Competition
23NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale is Years Ahead of the SMR Competition Selected Differentiators Advantages Over Other LWRs and Non-LWRs1 Underlying Technology Track Record Fuel Supply Infrastructure Manufacturing Infrastructure U.S. NRC Licensing Coping Period
Slide 24: NRC-Approved Emergency Planning Zone
24NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Key Competitive Advantage | NRC-Approved Emergency Planning Zone Strong regulatory advantages over other SMRs • Engaged with NRC on rule for advanced nuclear emergency preparedness • Completed all requirements to obtain approval (took ~
Slide 25: Well-Positioned for Integrated Energy System Solutions
25NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale is Well-Positioned for Integrated Energy System Solutions Going Beyond Baseload Electricity Enhancing the Power Grid Energy Transition-Specific Opportunities Grid Resiliency • NuScale Power Modules (NPMs) not impacted by adverse
Slide 26: NuScale Steam Production Can Satisfy Key Industrial Applications
26NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale Steam Production Can Satisfy Key Industrial Applications Capable of Providing Scaled Process Heat Without Using a High-Temp Reactor *Graphic adapted from “International Atomic Energy Agency, Opportunities for Cogeneration with N
Slide 27: Technology and Innovation Priorities
27NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Technology and Innovation Priorities Mission to improve quality of life fuels our technological development and innovation Poised for sustainable SMR regulatory and commercial leadership due to our unparalleled design safety features Sa
Slide 28: Nuclear: A Once-in-a-Generation Moment
Nuclear: A Once-in-a- Generation Moment Maria Korsnick President and Chief Executive Officer, NEI
Slide 30: Carbon-free nuclear power is critical to decarbonization
30NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. “Carbon-free nuclear power is an absolutely critical part of our decarbonization equation.” Jennifer Granholm Secretary U.S. Department of Energy
Slide 34: Global Demand Is Growing
34NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Currently operating nuclear power Considering, planning, or starting nuclear power programs Global Demand Is Growing
Slide 35: Russian and Chinese Influence
35NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Russian and Chinese Influence Russia China Both Includes hard and soft MOUs, infrastructure development, and reactors contracted, proposed, or under construction. Excludes countries that have since renounced Russian and Chinese partners
Slide 36: NuScale Add a slide with: Historic demand is here for a reason. Idea for
NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Add a slide with: Historic demand is here for a reason. Idea for Content Team: NuScale Renderings
Slide 38: Capturing Global Commercial Deployment Opportunities
Clayton Scott Chief Commercial Officer Capturing Global Commercial Deployment Opportunities
Slide 39: Business Development and Pipeline Priorities
39NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Business Development and Pipeline Priorities Ready with certified, approved and deployable technology Delivering for customers through readiness advantages to support their near- and long- term deployments Manufacturing first NuScale Po
Slide 40: Blazing the Trail to Commercialization
40NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Blazing the Trail to Commercialization Positioned as SMR Technology Market Leader Over Near- and Long-term Standard design with scalable size and output Best-in-class product features for customers First-mover advantage in highly covete
Slide 41: How We Win | Commercial Go-to-Market Strategy
41NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. How We Win | Commercial Go-to-Market Strategy Massive Addressable Market (16K+ GW) Strategy to Capture Market Share Targeted Customers Coal to Nuclear (RoPower) Data Centers/AI (Standard Power) Hydrogen Production (Shell) Ammonia Produc
Slide 42: Inflation Reduction Act Provides Significant Support for Advanced Nuclear
42NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Inflation Reduction Act (IRA) Provides Significant Support for Advanced Nuclear and Incentivizes Plant Construction to Occur by 2032 Nuclear to Receive Federal Support Previously Only Available to Renewables 30% tax credit towards the b
Slide 43: Repurposing of Retired Coal Plants Represents Significant Opportunity
43NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Repurposing of Retired Coal Plants Represents Significant Opportunity for NuScale Coal-to-Clean Energy Transition Expected to Accelerate Insights from the U.S. DOE Coal-to-Nuclear Report1: • Construction cost savings are between 15 – 35
Slide 44: Our SMR Produces ~2.1kg of Hydrogen/Hour Without Carbon Emissions
44NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Our SMR Produces ~2.1kg of Hydrogen/Hour Without Carbon Emissions 1. Compared to hydrogen produced from natural gas Massive Opportunity 95% of the world's hydrogen is being produced using fossil fuels, especially natural gas 50 tons of
Slide 45: ENTRA1-NuScale Model | One Stop Shop-Single Hub
45NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. ENTRA1-NuScale Model | One Stop Shop-Single Hub NuScale Power LLC (Technology Provider/ OEM) provides Nuclear Power Modules (NPMs) to ENTRA1 (Developer/Owner) to be installed in reactor building of ENTRA1 energy plants ENTRA1 Energy LLC
Slide 46: ENTRA1 Has Robust Global Pipeline of Energy Plants
46NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. ENTRA1 Has Robust Global Pipeline of Energy Plants, Powered By Our Technology Providing a Single Hub Solution to Meet Growing Consumer Energy Demand Development and Financing ENTRA1 develops and finances, while a plant is owned and oper
Slide 47: Model Provides Repeatable Platform to Scale Our Technology
47NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Model Provides Repeatable Platform to Scale Our Technology Already Leveraging Partnership to Drive Module Sales Growth Targeted Customers Data Center Energy End-User • Infrastructure-as-a-Service (IaaS) solutions provider to advanced da
Slide 48: Robust Global Project Pipeline With Strong Long-term Growth Potential
48NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Robust Global Project Pipeline With Strong Long-term Growth Potential Leveraging Domestic and International Presence as First Commercially Available SMR Technology North America 70+ Europe 25+ Africa 5+ 120+ total customer leads Asia 10
Slide 49: Business Development and Pipeline Priorities
49NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Business Development and Pipeline Priorities Ready with certified, approved and deployable technology Delivering for customers through readiness advantages to support their near- and long-term deployment needs Manufacturing first Nuclea
Slide 50: Robust Supply Chain and Services
Tom Mundy Robust Supply Chain and Services President, VOYGR Services and Delivery
Slide 51: Current Customer Project Engagement and Supply Chain Priorities
51NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Current Customer Project Engagement and Supply Chain Priorities Departmental restructuring and rigorous program management ensures all current and future projects are managed for profitability Established supply chain emphasizing long-t
Slide 52: The Only North American SMR in Production Mode
52NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. The Only North American SMR in Production Mode Strong Program Management Drives Consistent Delivery of Modules and Services Manufactured in the factory and delivered to the customer site ✓ Established quality assurance and manufacturing
Slide 53: Customer Projects Update | CFPP and RoPower
53NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Customer Projects Update | CFPP and RoPower • Utah Associated Municipal Power Systems (UAMPS) is end-user for 6-module power plant • Successfully prepared a high-quality design certification application culminating in the first SMR NRC
Slide 54: Established, De-Risked Manufacturing Ecosystem
54NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Established, De-Risked Manufacturing Ecosystem Prepared to Deliver Mature Supply Chain Efficiently and Reliably Supports Commercial Deployment NuScale Power ModulesTM Fuel Assemblies Control Systems Module Protection System Sensors and
Slide 55: Build-to-Print Philosophy Drives Ability to Quickly Scale
55NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. “Build-to-Print” Philosophy Drives Ability to Quickly Scale New Customer Orders Supply Chain Strategic Priorities Accelerating program participation Deploying repetitive factory fabrication Expanding advanced manufacturing capabilities
Slide 57: Recurring Revenue Model Begins ~8 Years Pre-COD
57NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Recurring Revenue Model Begins ~8 Years Pre-COD and Spans 60+ Year Plant Life Strong Financial Profile from Services Provided and Delivering NuScale Power Modules Expecting to Create Services Value for All Customers Revenue Source • Div
Slide 58: Current Customer Project Engagement and Supply Chain Priorities
58NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Current Customer Project Engagement and Supply Chain Priorities Departmental restructuring and rigorous program management ensures all current and future projects are managed for profitability Established supply chain emphasizing long-t
Slide 61: Consistent Delivery Through Operational Excellence
Carl Fisher Chief Operating Officer Consistent Delivery Through Operational Excellence
Slide 62: Operational Excellence and Readiness Priorities
62NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Operational Excellence and Readiness Priorities Operational excellence philosophy fuels execution as we transition from R&D to commercialization Our focus on safety, quality, performance and delivery drives regulatory and program manage
Slide 63: Operational Excellence Journey to Fuel Commercial Success
63NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Operational Excellence Journey to Fuel Commercial Success Focus on Safety, Quality and Performance to Drive Sustainable Value Creation • Commitment to producing deliverables consistent with plan the first time, underpinned by rigorous a
Slide 64: Progress to Date and Operational Priorities Going Forward
64NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Progress to Date and Operational Priorities Going Forward Clear Initiatives to Support Business Growth and Manufacturing Efficiency • Unmatched development and readiness for SMR deployment • Industry-leading certification and progress w
Slide 65: Strong Benefits from Off-the-Shelf Design Components
65NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Strong Benefits from “Off-the-Shelf” Design Components and Inputs Delivering Quality and Performance With Competitive FOAK and NOAK Designs Mature supply development that uses conventional fuel and materials • Power module is factory fa
Slide 66: Operational Excellence and Readiness Priorities
66NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Operational Excellence and Readiness Priorities Our focus on safety, quality, performance and delivery drives regulatory and program management leadership Technology, data, and processes are employed to ensure customer projects are perf
Slide 67: Primer on NRC Process and Expectations
Primer on NRC Process and Expectations Steve Burns Former NRC Chairman and Commissioner
Slide 68: NRC's Origin, Purpose and Structure
68NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Origin and Purpose • The NRC was formed in 1975 to take the Atomic Energy Commission’s role in regulating of both nuclear facilities and radioactive materials • Under the Atomic Energy Act, the NRC’s objectives in regulation are to prov
Slide 69: NRC Engagement in the International Sphere
69NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NRC Engagement in the International Sphere • NRC is active in the IAEA and OECD Nuclear Energy Agency • NRC has bilateral agreements with 45 countries world-wide and supports some 16 countries that are engaged in new or expanding nuclea
Slide 70: Improving the Regulatory Process
70NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Improving the Regulatory Process • NRC has focused on enhancing its readiness and capacity to license SMR and advance reactor technologies • NRC has focused on improved organization and communication, but faces some human resource chall
Slide 71: The Licensing Process | Part 50 and Part 52 Approaches
71NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. The Licensing Process | “Original” Part 50 and “Newer” Part 52 Approaches • Under the two-step process in 10 CFR Part 50, an applicant must obtain a construction permit and then an operating license for a facility • The two-step approac
Slide 72: Providing for Design Review Under Part 52
72NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Providing for Design Review Under Part 52 • Part 52 also provides for design certifications and standard design approvals (SDAs) that can be referenced in site-specific applications • NuScale successfully pursued a design certification
Slide 73: NRC Experience with LWRs Versus Gen IV Designs
73NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NRC Experience with LWRs Versus Gen IV Designs • All operating nuclear power plants in the U.S. are “light water” reactors (LWRs) that use “normal” water as a coolant and neutron moderator • All 7 design certifications to date have been
Slide 74: NuScale has Effectively Engaged the NRC
74NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale has Effectively Engaged the NRC • Both NRC (March 2022 report) and NuScale (February 2021 letter) examined lessons learned from the design certification review • NRC credited NuScale’s contribution to a number of best practices
Slide 76: Well-Positioned for Global Regulatory Leadership
Carrie Fosaaen Well-Positioned for Global Regulatory Leadership Vice President, Regulatory Affairs
Slide 77: Regulatory Licensing and Harmonization Priorities
77NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Proven advanced nuclear leadership with a history of achieving regulatory firsts Balanced approach to domestic and international regulatory harmonization Expertise drives successful regulator engagements and strategies to preserve the d
Slide 78: Rigor and Resources for Continued Regulatory Execution
78NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Rigor and Resources for Continued Regulatory Execution • 12,000+ pages • 14 topical reports • >2 million labor hours • >800 people • >50 supplier/partners to-dates • $500M+ invested to support design and licensing Completed Design Certi
Slide 79: Safety Case and Important Elements from Prior Certification Unchanged
79NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Safety Case and Important Elements from Prior Certification Unchanged Well-Positioned to Earn Second Design Approval Before Other SMRs Achieve First • Design features 77 MWe (250 MWth) module, which produces more power out of the same N
Slide 80: Sustained Advancement and a Clear Roadmap to Execute for Customers
80NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. • Regulatory expertise developed over 15 years, which provided critical testing, validation, and regulatory know-how • Industry-leading readiness and standardization enables regulators to seamlessly approve design and construction • Rec
Slide 81: U.S. Leadership Can Accelerate International Regulatory Process
81NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC.2 NuScale’s U.S. Leadership Can Accelerate International Regulatory Process Engaged with UK Office of Nuclear Regulation to more easily apply for future deployment Leveraging NRC design approval through bilateral agreements with mature r
Slide 82: Additional NRC Approval Requirements
82NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Additional NRC Approval Requirements Key NRC Considerations Competitor Work Required NuScale Work Required Methodologies Must demonstrate methods for features like safety-case, control room staffing, EPZs, etc. Heavy None Safety feature
Slide 83: Part 50 vs Part 52 Pathway
83NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Part 52 PathwayPart 50 Pathway Advantages • Shorter construction wait period and customers finance design and construction Disadvantages • Subject to design re-reviews and rigid construction plans • Costly demo plant prototype • Constru
Slide 84: Our Strategy and Approach is Very Familiar to NRC
84NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Our Strategy and Approach is Very Familiar to NRC and Avoids Costly Potential Delays from Immature Designs Driving Successful Commercial Deployment by Prioritizing Design Maturity Delay cost for 1000 MWe plant ~$1M/day1 Additional cost
Slide 85: 2024 Initiatives
85NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. 2024 Initiatives NRC Issuance of SDA • Utilize approved design certification as foundation • Provide justification for design changes • Optimize license content with focus on safety and de-risking Leveraging Experience and Know-How • Fi
Slide 86: Regulatory Licensing and Harmonization Priorities
86NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Proven advanced nuclear leadership with a history of achieving regulatory firsts Balanced approach to domestic and international regulatory harmonization Expertise drives successful regulator engagements and decisions to preserve the de
Slide 87: Financial Strategy and Outlook
Ramsey Hamady Chief Financial Officer Financial Strategy and Outlook
Slide 88: Revenue Model and Financial Overview
88NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale’s recently signed agreement for 24 modules will continue to drive the company towards cash flow profitability ENTRA1 is NuScale’s exclusive global strategic partner for commercialization and development of power plants utilizing
Slide 89: Strong, Debt-Free Balance Sheet Enables Access to Multiple Sources of Capital
89NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Strong, Debt-Free Balance Sheet Enables Access to Multiple Sources of Capital Current Financial Position Note: 9/30/23 cash balance and restricted cash balance are preliminary figures Q3’23 Cash In Q3’23 Cash Out ~$54M ~$72M 6/30/23 9/3
Slide 90: Investments in Sales and Marketing Supports Commercialization
90NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. SG&A R&D ~31% ~69% Investments in Sales and Marketing Supports Commercialization Engaging a More Balanced Allocation of Capital Expected Spending Breakdown1 1. Excludes cost-share awards Strategic Priorities ~45% ~55% 2023E 2026E Having
Slide 91: Cash Inflows Generated Early in Cycle While Revenue Recognized Later
91NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Cash Inflows Generated Early in Cycle While Revenue Recognized Later NPM Sales | Cash Generation Versus Revenue Recognition 39% 24% 16% 10% 11% 0% 100% 5% 2% 1% 17% 69% 5% 100% Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Final Cash vs. GA
Slide 92: Partnership with Strategic Stakeholders
92NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. Partnership with Strategic Stakeholders Continued Support and Investment in the Success of NuScale Japan NuScale Innovation (JBIC, JGH, IHI) The US Government, through the DOE, has granted NuScale awards totaling $650M+ Fluor, a leading
Slide 93: Revenue Model and Financial Overview
93NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale makes money by selling NuScale Power Modules – NuScale does not build power plants nor sell power NuScale maintains a healthy cash position, and will continue to raise capital as we turn the corner from R&D to commercialization
Slide 95: NuScale is a Compelling Investment Opportunity
95NuScale Nonproprietary | Copyright © 2023 NuScale Power, LLC. NuScale is a Compelling Investment Opportunity Closing Remarks 120+ prospective customers around the world Robust Business Development Pipeline Strong Momentum in Nuclear and Massive Opportunity for NuScale Strong and growing global sup

NuScale Power — Investor Day (October 2023) on 6ix

Nuscale Power — Investor Day (October 2023)

Slide 1: NuScale Power 2023 Analyst Day

Slide 2: Forward-Looking Statements

Slide 3: Agenda

Slide 4: NuScale's Vision and Strategy

Slide 5: NuScale Power for All Humankind

Slide 6: NuScale is the Leading SMR Technology Provider and an OEM

Slide 7: Partnership Accelerates and Expands Our Technology Deployment

Slide 8: Transition Requires Massive Increase in Carbon-Free Capacity Additions

Slide 9: Only Near-term Deployable SMR

Slide 10: Many Sectors Still Need to Decarbonize Energy Consumption

Slide 11: Significant U.S. Government Support for SMRs

Slide 12: Assembled Team with Skills Needed for Next Stage

Slide 13: Pivoting from R&D Focus to Commercialization and Product Delivery

Slide 14: Driving Long-term Customer and Shareholder Value Creation

Slide 15: Unparalleled Technology, Safety and Innovation

Slide 16: NuScale is Mission Driven to Help Solve Key Global Energy Problems

Slide 17: Technology and Innovation Priorities

Slide 18: Our Core Technology | NuScale Power Module

Slide 19: Unparalleled Safety and Demonstration

Slide 20: Setting SMR Standards for Design Safety and Innovation

Slide 21: First-Mover in Providing the Only Viable Zero-Emission Baseload Technology

Slide 22: Why Our 12-Module Design is Better

Slide 23: NuScale is Years Ahead of the SMR Competition

Slide 24: NRC-Approved Emergency Planning Zone

Slide 25: Well-Positioned for Integrated Energy System Solutions

Slide 26: NuScale Steam Production Can Satisfy Key Industrial Applications

Slide 27: Technology and Innovation Priorities

Slide 28: Nuclear: A Once-in-a-Generation Moment

Slide 29: 24/7 Clean Energy Generation

Slide 30: Carbon-free nuclear power is critical to decarbonization

Slide 31: 200+ Nuclear related bills across the country

Slide 32: Gigawatts by 2050: 3x Today

Slide 33: Allies are deepening their nuclear energy commitments

Slide 34: Global Demand Is Growing

Slide 35: Russian and Chinese Influence

Slide 36: NuScale Add a slide with: Historic demand is here for a reason. Idea for

Slide 37: Q&A

Slide 38: Capturing Global Commercial Deployment Opportunities

Slide 39: Business Development and Pipeline Priorities

Slide 40: Blazing the Trail to Commercialization

Slide 41: How We Win | Commercial Go-to-Market Strategy

Slide 42: Inflation Reduction Act Provides Significant Support for Advanced Nuclear

Slide 43: Repurposing of Retired Coal Plants Represents Significant Opportunity

Slide 44: Our SMR Produces ~2.1kg of Hydrogen/Hour Without Carbon Emissions

Slide 45: ENTRA1-NuScale Model | One Stop Shop-Single Hub

Slide 46: ENTRA1 Has Robust Global Pipeline of Energy Plants

Slide 47: Model Provides Repeatable Platform to Scale Our Technology

Slide 48: Robust Global Project Pipeline With Strong Long-term Growth Potential

Slide 49: Business Development and Pipeline Priorities

Slide 50: Robust Supply Chain and Services

Slide 51: Current Customer Project Engagement and Supply Chain Priorities

Slide 52: The Only North American SMR in Production Mode

Slide 53: Customer Projects Update | CFPP and RoPower

Slide 54: Established, De-Risked Manufacturing Ecosystem

Slide 55: Build-to-Print Philosophy Drives Ability to Quickly Scale

Slide 56: 56NuScale

Slide 57: Recurring Revenue Model Begins ~8 Years Pre-COD

Slide 58: Current Customer Project Engagement and Supply Chain Priorities

Slide 59: Q&A

Slide 60: Break

Slide 61: Consistent Delivery Through Operational Excellence

Slide 62: Operational Excellence and Readiness Priorities

Slide 63: Operational Excellence Journey to Fuel Commercial Success

Slide 64: Progress to Date and Operational Priorities Going Forward

Slide 65: Strong Benefits from Off-the-Shelf Design Components

Slide 66: Operational Excellence and Readiness Priorities

Slide 67: Primer on NRC Process and Expectations

Slide 68: NRC's Origin, Purpose and Structure

Slide 69: NRC Engagement in the International Sphere

Slide 70: Improving the Regulatory Process

Slide 71: The Licensing Process | Part 50 and Part 52 Approaches

Slide 72: Providing for Design Review Under Part 52

Slide 73: NRC Experience with LWRs Versus Gen IV Designs

Slide 74: NuScale has Effectively Engaged the NRC

Slide 75: Q&A

Slide 76: Well-Positioned for Global Regulatory Leadership

Slide 77: Regulatory Licensing and Harmonization Priorities

Slide 78: Rigor and Resources for Continued Regulatory Execution

Slide 79: Safety Case and Important Elements from Prior Certification Unchanged