Lightbridge Corporation · NASDAQ:LTBR
Lightbridge — Investor Presentation (April 2013)
33 slides from Lightbridge's investor presentation, Apr 18, 2013
Slide 1: Lightbridge Corporation Investor Presentation — April 2013
Lightbridge Corporation (NASDAQ: LTBR) Investor Presentation — April 2013
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation includes or incorporates by reference statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. These statements relate to futur
Slide 3: Lightbridge technology and advisory services help nuclear operators remain competitive
Lightbridge technology and advisory services help nuclear power operators remain economically competitive as they deploy and maintain new and existing reactors a “Average on-peak elecuciy prices and diference forthe fist half of yeor—2012 vs 2011 “Nuclear new-build investment [is] set to top some $1
Slide 4: Innovative fuel technology addresses economic and safety needs of the industry
+ Innovative fuel technology addresses economic and safety needs of the industry » Direct input from nuclear utilities » Technology, economics validated by credible industry third parties * Success in global markets for Lightbridge nuclear advisory services * Highly experienced management team » Low
Slide 5: Lightbridge: Advancing Nuclear Energy
Lightbridge: Advancing Nuclear Energy Levelized Costs! (wn) 250 Solar 200 160 Wind 100 Nuclear || Natural Gas Coal 10% uprate with Lightbridge metallic fuel? 50 a 4,200 7500 Environmental (COIbs!MWh) 1. Levelized Cost of Electricity for new generation sources in 2015. Source EIA "Annual Energy Outlo
Slide 6: Increased power output and improved plant economics
Increased Power Output from Plant Y eee, Improved Plant Economics ee Increased Supply Chain Efficiency Improved Spent Fuel Management 10-17% power uprate and longer fuel cycles for existing PWRs Up to 30% power uprate for new build PWRs Also applicable to BWRs and light water based SMRs Increased re
Slide 7: Nuclear Fuel - Safety Benefits
lear Fuel - Safety Benefits Reduced fuel 1200°C -1300°C temperature Conventional Fuels Structural integrity 340°C — 380°C LTBR Fuels Improv Heat than Lightbridge®
Slide 8: Improved safety margins of metallic fuel rods
« Asa result of the significantly lower temperature during operation, our metallic nuclear fuel rods are expected to have improved safety margins during anticipated off-normal events. * Preliminary analytical modeling shows that under a large break loss-of- coolant accident (LOCA) scenario, unlike c
Slide 9: Global Market by Reactor Type
Global Market by Reactor Type ey 5% mPressurized Water Reactors m Boiling Water Reactors mRussian-designed Pressurized Water Reactors Heavy Water Reactors "Other Source: World Nuclear Association's Reactor Database Lightbridge Initial Target Market Swe Operating PWRs larger than 900MWewith more 800
Slide 10: Incremental revenue from 10% power uprate and royalty fee
Incremental revenue from 10% power uprate $48M Incremental revenue from switching to 24-month cycle $8M Estimated cost savings from fewer refueling outages $4M Incremental annual gross revenue + cost savings to utility $ 60M “Wholesale electricity price of $55/MWh @ LTBR Royalty Fee Annual Revenue ?
Slide 11: Lightbridge Nuclear Fuel Development Timeline
Lightbridge Nuclear Fuel Development Timeline 2012 2013 2014 2015 2016 2017+ Advanced Reactor Testing i. a | Fuel Fabrication Development =| Detailed Commercial Design | Accident Scenario Testing a Data Analysis / Validation al Regulatory Review and Approval i= | Initial Operation in a Commercial R
Slide 12: Peer Reviewed Article
Peer Reviewed Article “ * American Nuclear Society's Nuclear Technology is the leading international publication reporting on new information in all areas of the practical application of nuclear science. http://bit ly/VWV3rKod TECHNOLOGY + Peer reviewed article published in December 2012 provides fu
Slide 13: Independent Study Validates Economics of LTBR Fuel
Independent Study Validates Economics of LTBR Fuel < * December 2012 independent analysis of Lightbridge fuel design validates its indicated benefits of increased power output and enhanced operating economics for Ss l E M E N S nuclear utilities g PACE + “Power uprate project economics are GLOBAL ge
Slide 14: Independent Study Validates Proliferation Resistance
Independent Study Validates Proliferation Resistance * March 2013 independent analysis of Lightbridge fuel design confirms it has superior non-proliferation benefits compared to current nuclear fuels. SIEMENS * "Current U.S. reactor fuels and the proposed g PAC E Lightbridge design are all classifie
Slide 15: Nuclear Utility Fuel Advisory Board (NUFAB)
¢ Lightbridge’s Nuclear Utility Fuel Advisory Board (NUFAB) is comprised of leading nuclear utilities. The board's purpose is to further strengthen our dialogue with global nuclear utilities and provide their input into Lightbridge's nuclear fuel development and commercialization efforts. *« NUFAB m
Slide 16: Fuel Commercialization: Push & Pull
Fuel Commercialization: “Push & Pull’ Lightbridge Lightbridge will license fuel to vendors. They will fabricate LTBR fuel for sale to utilities. Pull Lightbridge Lightbridge works with utilities which will order LTBR fuel from vendors. Lightbridge®
Slide 17: Nuclear advisory services
Seale’ Lightbridge® Our world class team of consultants generates revenue with solid operating margins and strong credibility through many successful projects. More than $45M revenue over four years Success as independent advisor in UAE and Middle East region Industry leading team of technology desi
Slide 18: Advisory services across the nuclear power lifecycle
‘ Feasibility | Procurement Program | Business peerent Studies & Boe | Design, Management | Systems Concept & Pl: (2 | Management, & Technical Performance Development ening, Bid Evaluation Support Analysis x J _ J _ J ‘ J ee intsleat Z = i é a = Operations Deployment Feasibility | Planning nal Infra
Slide 19: Teaming Approach
aing Approach + REQ LIFE MATTERS Mott MacDonald ae Lightbridge®
Slide 20: LTBR - Management Team
LTBR - Management Team J Chairman ofthe Board Financial Officer Ch q /\ ic Sen ident, Development Officer Nuclear Operations NuclearRegulatory Expert
Slide 21: LTBR - Strategic Advisors
LTBR - Strategic Advisors Hans Blix, Ph.D. Sam Vaidyanathan,
Slide 22: Innovative fuel technology addresses economic and safety needs of the industry
+ Innovative fuel technology addresses economic and safety needs of the industry » Direct input from nuclear utilities » Technology, economics validated by credible industry third parties * Success in global markets for Lightbridge nuclear advisory services * Highly experienced management team » Low
Slide 23: Lightbridge Corporation Contact
Lightbridge Corporation Contact Gary Sharpe Investor Relations 1600 Tysons Blvd. Suite 550 McLean, VA 22102 USA +#4:571.730:1213 ir@Itbridge.com www. Itbridge.com http://twitter.com/LightbridgeCorp
Slide 24: Appendix
Appendix (oe tea tatans oe Lightbridge®
Slide 25: Key Technical Milestones in 2013-2014
LTBR - Key Technical Milestones in 2013-2014 SM Begin loop irradiation in Fabrication of prototypic PWR full-length fuel operating rods conditions Fabrication of fuel samples for irradiation in test reactors Demonstrate the Full-length fuel performance of rodswill be metallic fuel manufactured for u
Slide 26: Licensing Revenue Projections for 10% Power Uprate Fuel
Licensing Revenue Projections for 10% Power Uprate Fuel 5800M LTBR Projected Annual Revenue $700M $600M 110% Royalty Fee of . Incremental Gross $500M Revenue to Utility 18% Royalty Fee of 400m Incremental Gross Revenue to Utility $300M 15% Royalty Fee of $530M Incremental Gross Sa Revenue to Utility
Slide 27: Lightbridge Management Team
Lightbridge Management Team Seth Grae Chief Executive Officer & President Lightbridge Corporation Member of the Civil Nuclear Trade Advisory Committee to the US Secretary of Commerce Member of the Suppliers Advisory Committee of the Nuclear Energy Institute Former Member of the Governing Board of th
Slide 28: Lightbridge Senior Advisors
Lightbridge Senior Advisors + Co-Chairman of the Blackstone Group's Intemational Advisory Board + Former Chairman of the General Electric Company ple (UK) 1968-1996 + Setvedon the Boards of Chrysler Corp., RJ. Reynolds, Nabisco, WR. Grace & Co., British Aircraft Corp., International Computers Ltd, +
Slide 29: Advisory Services - Leadership
Advisory Services - Leadership Erie Kennedy Senior Vice President, Nuclear Deployment & Program Manager Generation Consulting 33.yearveteran of Westinghouse Electric Co. where he was Vice Presidentfor New Plants andwas in charge of the successful construction and installation of nuclear power plants
Slide 30: Nuclear Fuels Management Team
Nuclear Fuels Management eam Andrey Mushakov, Ph.D. EVP, international Nuclear Operations Primary liaison between Lightbridge andthe Russian nuclear organizations 10+ years with Lightbridge James Malone Chief Nuciear Fuel Development Officer Four decades of high-level experience in the nuclear indus
Slide 31: Advisory Services — Regulatory
Advisory Services — Regulatory Key Lightbridge Regulatory Expertise + Regulatory Processes » Regulatory Management and Quality + Inspection Processes and Practices Requirements + Safety/Security Analyses Review * Operator License Reaulrements aaovit + Proliferation Considerations + Regulatory Organi
Slide 32: Advisory Services — Nuclear Generation
Advisory Services — Nuclear Generation Key Lightbridge Nuclear Generation Expertise +» Project Development + Supply Management + Project Management + Cost Analyses and Estimating + Schedule Development + Contracting + Technology Assessment + Nuclear Liability * Quality Programs + Export Controls + S
Slide 33: Contact: ir@ltbridge.com
+1.571.730.1213 ir@ltbridge.com www.I|tbridge.com