Cameco Corporation · TSX:CCO
Cameco — Q3 2024 Earnings Presentation
7 slides from Cameco's earnings presentation, Nov 7, 2024
Slide 1: 2024 Q3 Conference Call
2024 Q3 Conference Call November 7, 2024 1 Forward-Looking Information Caution This presentation includes forward-looking information or forward-looking statements under Canadian and U.S. securities laws, which we refer to as “forward-looking information”. Forward-looking information can generally b
Slide 2: Demand Drivers
2024 Q3 Conference Call November 7, 2024 3 Demand Drivers Full-cycle demand durability Fundamental Demand Drivers • Decarbonization & electrification • Sustainability focus creating electron accountability • Energy security focus • Non-traditional demand (SMRs, advanced reactors) • Traditional deman
Slide 3: Supply Uncertainty; Active Long-Term Contracting
Supply Uncertainty Risks continue to shift to customers Fundamental Demand Drivers • Decarbonization & electrification > Tight Supply Environment • Low prices resulted in: • Sustainability focus on electron accountability • Supply curtailments • Energy security focus • End of reserve life • Non-trad
Slide 4: Global Focus on Clean Energy; 2024 Third Quarter Highlights
Global Focus on Clean Energy Nuclear is a central part to a secure energy transition Rising Supportive Increased demand government uptake of Nuclear energy: for baseload and corporate net-zero An important part of the electricity announcements goals solution to help avoid some of the worst Replaceme
Slide 5: Joint Venture Inkai
Joint Venture Inkai Decreased production forecast Proven and Probable Reserves1 Average grade U3O8 104.7 M lb. 0.04% Cameco’s Share Production 2023 production: 8.3 M lb. (100% basis) 2024 forecast: 7.7 M lb. (100% basis) 2 1 At December 31, 2023, our share only. See Cameco’s 2024 Annual Information
Slide 6: Westinghouse Acquisition
Westinghouse Acquisition Strategic rationale Platform for Reliable and Secure Accretive on Participation Across Enhanced Strategic Growth Fuel Supplies Key Metrics Nuclear Fuel Cycle Financial Strength Strategic Partnership: Complements Expected to be Expected to enhance Provides Platform 49% Cameco
Slide 7: Financial Strength
Financial Strength Risk managed financial discipline Liquidity* $ Maintaining a strong balance sheet 197 Million • With improving prices, transition to tier-one costs, and increasing Cash production, expecting strong cash flow generation in 2024 $1 Billion • Navigate by investment grade rating Undra