Lightbridge Corporation · NASDAQ:LTBR
Lightbridge — Thorium Power — 4th Annual Growth Conference (July 2008)
20 slides from Lightbridge's conference presentation, Jul 8, 2008
Slide 1: Thorium Power
Thorium Power “Peaceful Nuclear Energy with Low Waste and Improved Industry Economics” Collin Stewart 4th Annual Growth Conference July 9, 2008
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking state
Slide 3: Investment Highlights
Investment Highlights Resurgence of global interest in nuclear power; several underserved market segments Thorium is a superior fuel source utilized in the company’s unique technology Proven technology with clear path to commercialization Compelling licensing/partnering strategy with strong intellec
Slide 4: About Thorium Power
About Thorium Power Thorium Power is the leading developer of thorium-based proliferation resistant nuclear fuel technology and provider of comprehensive advisory services to governments and commercial entities Technology consists of fuel designs addressing the key concerns in the nuclear power indu
Slide 5: "Nuclear Renaissance"
“Nuclear Renaissance” Desire to reduce dependence on oil and other fossil fuels Mandates to lower CO2 emissions Economic and commercial advantages of nuclear power: Immaturity and cost of renewable/alternative energy Strong operating performance of nuclear power plants “Nuclear renaissance” will inc
Slide 6: Addressable Markets
Addressable Markets Thorium Power’s target markets include several hundred light water nuclear reactors operating worldwide and over a hundred more reactors that could be built over the next 20-30 years Target markets include: Markets with political challenges related to conventional uranium- based
Slide 7: What is Thorium?
What is Thorium? Naturally-occurring, slightly radioactive metal - #90 in periodic table of Elements Estimated to be over three times more abundant in the Earth’s crust than all forms of uranium combined Large deposits in the US, India, Australia, Norway and many other countries Thorium-based nuclea
Slide 8: Founded by Industry Leader
Founded by Industry Leader Thorium Power was founded by Dr. Alvin Radkowsky First Chief Scientist U.S. Naval Nuclear Program Team leader of first commercial nuclear power plant in the U.S. Designer of more nuclear reactors and fuels than anyone in history Thorium Power formed in 1992 to develop nucl
Slide 9: Thorium Power Advantage
Thorium Power Advantage Traditional Uranium Fuel Thorium Power Fuel Reactor produces nuclear weapons- No weapons usable materials Proliferation potential usable plutonium produced Reduction of political risk Waste volume and Produces significant quantities of Dramatic waste reduction: - 70% radioact
Slide 10: Proven Technology
Proven Technology Engineering & development phase: Technology has undergone extensive scientific development and evaluation Already in research reactor use for over 5 years Reviewed and favorably evaluated by Westinghouse and IAEA Technology scale-up and testing phase: Off-shore development model in
Slide 11: Third-Party Validation
Third-Party Validation “It is Westinghouse’s opinion that proceeding to the LTA stage is prudent. From the review that we have performed to date, it appears the [Thorium Power] technology is well founded and has a good prospect for success based on our previous US experience and Russian experience w
Slide 12: Multi-Pronged Business Model
Multi-Pronged Business Model Thorium Power is currently managing a portfolio of market and partner leads, limiting the risk of individual projects Short term: Advisory and strategic consulting services to foreign governments and nuclear power companies Participation in government programs for non-pr
Slide 13: Advisory Services Revenue
Advisory Services Revenue In December 2007, Thorium Power signed its first major consulting and strategic advisory services agreement with the United Arab Emirates (UAE) Awarded $5 million contract representing the first phase of a feasibility study to develop a roadmap for the UAE’s new nuclear ene
Slide 14: Licensing Strategy
Licensing Strategy Strong intellectual property protections in place – core technology protected by international patents Recurring licensing fees with low-cost, highly leverageable business model Thorium Power plans to license its technologies to current fuel fabricators targeting existing and futu
Slide 15: Licensing Model
Licensing Model Average annual nuclear reactor fuel cost $50 million per year Potential 10-20% fuel cost savings Additional cost savings of Thorium Fuel: More efficient process – longer fuel life Lower waste treatment costs Royalty Model: High upfront licensing fee, plus recurring royalty streams fo
Slide 16: Near-Term Goals
Near-Term Goals 2008-2009 2008-2011 2009-2012 Further Strengthening of Closing of Business Agreements Completion of Technology Corporate Capabilities With Future Reactor Operators and Milestones Towards Lead Test Industry Partners Assembly in Commercial Reactors Additional strategic and Commercial a
Slide 17: First Quarter Financial Results
First Quarter Financial Results (unaudited) Three Months Ended March 31, 2008 2007 Total Revenue $ 3,815,125 $ - Cost of Consulting Services Provided 1,648,004 - Gross Margin 2,167,121 - Operating Expenses General and administrative 1,519,046 1,525,779 Research and development expenses 130,661 28,68
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights As of March 31, 2008 Cash and cash equivalents $ 4,705,577 Total Current Assets $ 6,986,389 Total Assets $ 7,233,978 Total Current Liabilities $ 3,138,983 Total Liabilities $ 3,138,983 Total Stockholders' Equity $ 4,094,995 Total Liabilities and Shareholders Equity $ 10,733,
Slide 19: Experienced Mgmt & Board
Experienced Mgmt & Board Senior Management Seth Grae - President, Chief Executive Officer, and Member of the Board of Directors Erik Hällström - Chief Operating Officer James D. Guerra – Chief Financial Officer and Treasurer Andrey Mushakov - Executive Vice President - International Nuclear Operatio
Slide 20: Investment Highlights
Investment Highlights Resurgence of global interest in nuclear power; several underserved market segments Thorium is a superior fuel source utilized in the company’s unique technology Proven technology with clear path to commercialization Compelling licensing/partnering strategy with strong intellec
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