Emerald Horizon Ag · VIE:SMRX
Emerald Horizon — Investor Presentation (August 2026)
31 slides from Emerald Horizon's investor presentation, August 2026
Slide 1: Building the Future of Clean Power
BUILDING THE FUTURE OF CLEAN POWER BEYOND FOSSIL. BEYOND NUCLEAR. BEYOND SMRS. BEYOND LIMITS SMRX ISIN: AT0000A3UZE1 ENERGY STORAGE ENERGY PRODUCTION CONFIDENTIAL
Slide 2: Energy Production: Subcritical Minimodular Reactor Xcelerator
Subcritical Minimodular 3 S M R Reaktor Xcelerator & >) Cy» Clean Electricity Hi.» Green Hydrogen Industrial Heat Qual Storage SMR - Small Modular Reactor
Slide 3: Solving Problems with High Impact Potential
SOLVING PROBLEMS WITH HIGH IMPACT POTENTIAL RISK RISK Problem-Risk-Need- Critical chain reaction Volatile renewables Analysis Transuranic nuclear Or: Pollution & waste ocean acidification No critical chain reaction ~0% operational CO₂ ~0% risk of explosion Non-volatile energy No meltdown risk No lar
Slide 4: Solution – SMRX
SOLUTION – SMRX 2 GROUNDBREAKING INNOVATIONS FOR ENERGY STORAGE AND GENERATION Emerald Horizon (deep tech scale up, founded in 2019) is pursuing a 10-year master plan to bring both the storage system and the generator to TRL 9 and hand them over to full-scale serial production. Through multi-level d
Slide 5: The EU Just Made Storage + SMRs Its Official Energy Policy
THE EU JUST MADE STORAGE + SMRS ITS OFFICIAL ENERGY POLICY The macro thesis has now become official EU policy. The question for investors is no longer “Is this the right direction?” It is: “Who is best positioned to deliver it?” Nuclear Energy Summit, Paris — March 10, 2026 On March 10, 2026, EU Com
Slide 6: The Company in One Page
THE COMPANY IN ONE PAGE Two products. One platform. A policy tailwind. WHO WE ARE COMPANY & AMBITION Emerald Horizon AG A 10-year master plan to industrial-scale clean power Deep-tech scale-up building the platform behind Europe's Founded 2019, Emerald Horizon develops both an advanced modular energ
Slide 7: On the Vienna Stock Exchange Since June 26th 2026
ON THE VIENNA STOCK EXCHANGE SINCE JUNE 26TH 2026 LISTING MILESTONE Stock Ticker: SMRX Company: Emerald Horizon AG Group Structure: 3 subsidiaries and 2 equity participations Capital Markets Advisor: Wiener Privatbank AG Corporate Brokerage: Baader Bank AG Designated Sponsors / Market Makers: Baader
Slide 8: Co-Development & Manufacturing Partner VDL
CO-DEVELOPMENT & MANUFACTURING PARTNER THE INNOVATION & TIER-1 PARTNERS WORLDWIDE €4.06bn 13,500+ 100+ 22 €190M Annual Turnover Specialists Companies Countries R&D / year VDL is already in nuclear energy: PALLAS reactor partner, Thorizon MSR co-developer, ASML supplier, CERN accelerator manufacturer
Slide 9: SMRX Groundbreaking Products
SMRX 2 GROUNDBREAKING PRODUCTS Two products. Five building blocks. DUALstorePLUS is in the market today. SMRX is the same platform plus the thorium generator — the full SMR-class system. Dual Income modular & scalable SMRX PRODUCT 2 DUALstorePLUS PRODUCT 1 Small Modular Reactor — Generation + Storag
Slide 10: DUALstorePLUS
DUALstorePLUS ENERGY STORAGE CONFIDENTIAL
Slide 11: DUALstorePLUS: Modular to MWh
DUALstorePLUS MODULAR 5 TO 100 MWh Hybrid storage combining heat (TESS) & electricity (BESS). Inputs: ORDER NOW – DELIVERY SOON Stand-alone product today – integral building block for the Thorium Generator (ADES) tomorrow. Estore 4 months | CALstore 20 months Electricity Configurable to client-need
Slide 12: CALstore (TESS)
CALstore (TESS) MOLTEN SALT HEAT STORAGE – REAL HARDWARE PROTOTYPE CELL 1 Cell -> 1 Container -> Serial Production @ VDL READY & VALIDATED Government-funded (FFG) – Ongoing audits 5 MWh molten salt heat storage – stand-alone & integral building block for ADES. Stand-alone product + Part of DUALstore
Slide 13: SMRX (ADES & DUALstorePLUS)
SMRX (ADES & DUALstorePLUS) and ENERGY PRODUCTION INCL. STORAGE CONFIDENTIAL
Slide 14: What Is ADES?
WHAT IS ADES? ACCELERATOR DRIVEN ENERGY SOURCE The Concept: Thorium + Particle Accelerator + X = CO₂ - Free Energy Why Thorium? • 3x more abundant than uranium Pioneer: Carlo Rubbia • 300-400x more abundant than U-235 Nobel Prize in Physics 1984, CERN Director Creator of the Energy Amplifier concept
Slide 15: ADES Technology, Modularity & Operation
ADES Technology, Modularity & Operation FUSION of 5 Core Components 1 ADES = 25 MW Injector (Accelerator) Compact 8m - generates neutrons to initiate and control the thorium reaction (thermal) · ~10 MW electric · 20-year lifetime X-Amplifier Amplifies the neutron flux from the accelerator Scalable:
Slide 16: ADES Prototype Setup
ADES PROTOTYPE SETUP CO DEVELOPMENT -> SERIAL PRODUCT TRL 9 PUMP TIER-1 execution partner CONTAINMENT: isolation, shielding HTHX Co-Development to achieve TRL 9 THORIUM – MOLTEN SALT – LOOP Manufacturing MCU INJECTOR EXTERNAL ENERGY INPUT ( P H O T O V O L T A I C , W I ND , G R I D ) Supply Chain (
Slide 17: Multiple Use Cases
MULTIPLE USE CASES BUILT FOR SCALABLE GROWTH & SUPPORTS THE DCF MODEL 1 ADES = 10 MW(el) Hydrogen AI & Data Critical Infrastructure Enhances Wind Upgrade Existing for 10,000 Production Centers & Military & Solar Power Plants High-temp heat for On-site power for AI. Self-sustaining energy Stable base
Slide 18: ADES Fact Summary
ADES ACCELERATOR DRIVEN ENERGY SOURCE – FACT SUMMARY The scalable and risk-optimized solution for CO₂-free energy READY FOR ON/OFF switch ORDER Output: • ADES has a passive-safe ON/OFF control unit. EST. 2029 High temperature heat AI-powered optimization To generate: • ADES leverages AI to adjust it
Slide 19: Accelerator Energy — Building the Future of Clean Power
Emerald LaboraTHorium Karl-Huber-Gasse 15 A-8041 Graz www.emerald-horizon.com ACCELERATOR ENERGY — BUILDING THE FUTURE OF CLEAN POWER Disclaimer: This material is provided for information purposes only and does not constitute an offer or solicitation to buy or sell securities in the United States or
Slide 20: Appendix
APPENDIX COMPANY – TEAM – PARTNERS – DE-RISKING - METRICS - CREDIBILITY
Slide 21: Brains Behind Emerald Horizon
51 BRAINS BEHIND EMERALD HORIZON THE INNOVATION & TIER-1 PARTNERS WORLDWIDE EXECUTIVE TEAM Leaders with experience at the World Bank, IMF, ECB, Austrian National Bank, and former Austrian Federal Minister. CEO Florian Wagner Prof. Dr. Robert Holzmann Ing. Norbert Hofer, MBA DI Dr. Mario J. Müller MM
Slide 22: VDL Groep
VDL GROEP INDUSTRIALISATION PARTNER & KEY DE-RISKING ELEMENT CO-DEVELOPMENT & MANUFACTURING CONFIRMED 5-month due diligence | 30 Apr 2025 PROOF What VDL delivers for Emerald Horizon: CALstore → Serial Production TRL 6 prototype transferred to industrial manufacturing at VDL. Assembly, integration, Q
Slide 23: Technical De-Risking
TECHNICAL DE-RISKING FROM GW FANTASY TO PROVEN PHYSICS The accelerator already exists and works. The question is only: how do we scale it for energy of 1 GW? How to get Gigawatt WHY THIS WORKS power LEVEL 1 – THE X-CORE Proven Core Technology The Neutron Source and Amplifier System The accelerator i
Slide 24: Regulatory De-Risking
REGULATORY DE-RISKING NON-CRITICAL PATHWAY DUAL IDEAL 1. Nuclear Adjacent Strategy 2. NON-Nuclear Significant risk 3× Regulatory Friendly 3× Regulatory Friendly 3× Regulatory Friendly reduction Technical Facts Countries Expert Teams ▼ ▼ ▼ Not like normal No critical chain reaction → USA → Pillsbury
Slide 25: Financial De-Risking
FINANCIAL DE-RISKING WHY WE DON’T NEED BILLIONS Conventional EaaS Plant Risk €6,900M bankable Eliminated Green Bonds 1 GW Plant → Container-Size Modules to finance serial No large power plant construction risk. Modular container units eliminate megaproject cost overruns. WHY NOT $10+ BILLION? produc
Slide 26: Readiness
READINESS VALUATION TRIGGERS Readiness scorecards (current) Milestone de-risking: readiness scorecards translate technical, regulatory, and commercial progress into valuation step-ups. Company readiness (non-technical) Timeline and near-term milestone triggers 1935 / 2700 72% Now 2026 2027 2028+ • E
Slide 27: Company Readiness
COMPANY READINESS NON-TECHNICAL SCORECARD 27 underwriting checks to rate execution confidence, regulatory clarity, and commercial bankability (score 0–100). 1-9 Concept & Differentiation 10-18 Execution & Profitability 19-27 Regulatory, Sales & Bankability 1 Climate-tech thesis (CO2-free) 3 COMPANY-
Slide 28: DUALstorePLUS Technical Readiness
DUALstorePLUS TECHNICAL READINESS – MILESTONES ACHIEVED - DELTA REMAINING PART TO TRL 9 1-9 Estore (BESS) - stand-alone or DUALstore 10-18 CALstore (TES) - stand-alone or DUALstore 19-27 MCU (Master Control Unit) DUALstore 1 Basic validated foundation DUALstorePLUS - READINESS DETAILS - 2700 TARGET
Slide 29: ADES Technical Readiness
ADES TECHNICAL READINESS – MILESTONES ACHIEVED – DELTA REMAINING PART TO TRL 9 1-9 Structures (non-NUC) & Heat Transfer Loop 10-18 Accelerator (ACC) + Plasma + Targets 19-27 Nuclear Energy Release & Energy Transfer-Salt Loop 1 Basic validated foundation ADES - READINESS DETAILS - 2700 TARGET 2 Conce
Slide 30: ADES Physics Proof Chain
ADES PHYSICS PROOF CHAIN EVERY COMPONENT IS VALIDATED The physics underlying ADES is validated. The challenge is system integration and scaling – that’s what VDL Groep delivers. 5 Components 5 Validations Neutron Production via Accelerator ✓ CERN: Accelerator R&D for European ADS Demonstrator 1 High
Slide 31: ADES Energy Equation
ADES ENERGY EQUATION TRANSMUTING & HARVESTING Physics-Based Validation Stable flux realization will be achieved using accelerator-based neutron sources (two complementary solutions will ultimately be available - risk reduction). For further details see Investment Proposal capture Th-232 fission U-23
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