Slide 1: Fourth Quarter & FY 2022 Results
Fourth Quarter & FY 2022 Results March 15, 2023 NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.
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
Slide 3: Important Notices
Important Notices Other Items This Presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Prese
Slide 4: All 2022 Milestones Successfully Completed
All 2022 Milestones Successfully Completed Secured Issued Completed Completed Submitted Second Committed Long-Lead Material Reactor Building Standard Plant Standard Design Customer Specs for Reactor Design Design Approval Application Pressure Vessel to the U.S. NRC for VOYGR™-6 SMR Power Plant NuSca
Slide 5: New Committed Customer Spotlight: RoPower and Nuclearelectrica
New Committed Customer Spotlight: RoPower and Nuclearelectrica As Romania aims to diversify its energy portfolio, NuScale’s technology presents a safe, economic, and scalable solution And in Romania, the American company, NuScale Power, will build a first-of-its-kind small modular reactor plant. Thi
Slide 6: NuScale Reached Essential Design Milestones
NuScale Reached Essential Design Milestones Completed Standard Plant Design • Encompasses more than 12,000 completed deliverables • Prepares NuScale for facility construction, equipment procurement, and manufacturing of long- lead major engineered equipment • Provides customers with a template VOYGR
Slide 7: Additional Fourth Quarter Highlights
Additional Fourth Quarter Highlights Meaningful Developments Toward Commercial Readiness • Awarded contracts for fuel handling and storage racks – two key plant components – to Framatome, a renowned nuclear industry supplier Continuing Efforts to Support the Global Energy Transition • Joined the “Uk
Slide 8: Key Milestones Planned for 2023
Key Milestones Planned for 2023 1 2 3 Secure Next 3 Committed Advance the Design for Key SDA Application Acceptance Customers Components Review by NRC On Track On Track On Track 4 5 Commence Manufacture of Secure Long-Lead Material Upper Reactor Pressure Orders for 10 Additional Vessel NuScale Power
Slide 9: 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
Slide 10: Financial Results
Financial Results NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.
Slide 11: Key Financial Themes
Key Financial Themes • New revenue contracts that we expect to be accretive and lead to incremental customer Revenue Net Loss Cash growth • Our strong cash profile, $3.4M $(47.2)M 4Q ’22 4Q ’22 buoyed by lack of debt, provides financial vs flexibility vs $267.7M1 No Debt $1.5M $(28)M 4Q ’21 4Q ’21 1
Slide 12: 2023 Cash Outlook
2023 Cash Outlook Primary factors expected to contribute to higher cash usage in 2023 than previously anticipated include: • Below anticipated fiscal year 2023 Department of Energy (DOE) cost-share, seeking to recoup in fiscal year 2024 – Both NuScale’s funding plan and the funding plan for the Carb
Slide 13: Capitalization Summary
Capitalization Summary Share Type Amount Description Class A Shares 69.3M NuScale Power Corporation Class A shares NuScale Power Corporate Class A shares Class B Shares 157.1M issuable upon the exchange of NuScale Power, LLC Class B shares and Class B units1 Total Shares Outstanding 226.4M Legacy op
Slide 14: ir@NuScalepower.com
ir@NuScalepower.com NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.