Centrus Energy Corp. · NYSE:LEU
Centrus Energy — Corporate Update (September 2024)
16 slides from Centrus Energy's corporate update, Sep 24, 2024
Slide 1: Rebuilding America’s Uranium Enrichment Capacity: Why it Matters, and How to Get It Done
Rebuilding America’s Uranium Enrichment Capacity: Why it Matters, and How to Get It Done Amir Vexler President and CEO September 24, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Disclaimer: Our commentary and responses to your questions may contain forward-looking statements, including our financial projections, and Centrus undertakes no obligation to update any such statement to reflect later developments. Factors that could cause actual results
Slide 3: America’s Uranium Enrichment Company
America’s Uranium Enrichment Company Trusted nuclear fuel supplier to utilities around the world. American Centrifuge Plant Piketon, Ohio Advanced nuclear fuel pioneer. Long-standing national security partner to the U.S. government. Centrus is leading the effort to restore America’s domestic u
Slide 4: The Loss of U.S. Nuclear Fuel Leadership
The Loss of U.S. Nuclear Fuel Leadership Uranium Enrichment Capacity (Thousand SWU/year) 1985 27,300 10,800 U.S. utility requirements 7.5 million SWU/yr 3,000 1,400 0 0 Russia (Tenex) U.K., Netherlands, China (CNNC) France (Eurodif) United States** United States Germany (URENCO) (foreign-owned) (dom
Slide 5: The Loss of U.S. Nuclear Fuel Leadership
The Loss of U.S. Nuclear Fuel Leadership Uranium Enrichment Capacity (Thousand SWU/year) 27,100 1985 2022 27,300 U.S. utility requirements 15 million SWU/yr 13,300 10,800 8,900 U.S. utility requirements 7,500 7.5 million SWU/yr 4,600 3,000 1,400 - 0 0 Russia (Tenex) U.K., Netherlands, China (CNNC) F
Slide 6: Russia: 44% of Global Enrichment Capacity
Russia: 44% of Global Enrichment Capacity • There is not enough non-Russian enrichment to fuel the world’s reactors. • Russian imports: 27% of U.S. requirements in 2023. Completely banned by 1/1/2028. World Nuclear Association 2023 Nuclear Fuel Report Slide 6
Slide 7: Three Critical Needs
Three Critical Needs Low-Enriched Uranium High-Assay, Low-Enriched Uranium U.S.-Technology Enrichment (LEU) (HALEU) (LEU, HALEU, and HEU) National Security Existing Reactors Next Generation Reactors Requires U.S.-origin enrichment technology Slide 7
Slide 8: A domestic solution: American Centrifuge Plant Piketon, Ohio
A domestic solution: American Centrifuge Plant Piketon, Ohio Slide 8
Slide 9: October 2023: Milestone Moment for U.S. Enrichment
October 2023: Milestone Moment for U.S. Enrichment • Under DOE contract, launched first-of-a-kind U.S. HALEU production. • First U.S.-owned uranium enrichment plant to start production in 70 years. • Initial capacity is small, but potential is large. • Next step: Expand. Slide 9
Slide 10: Pentagon-Sized Facility Can Fill the Gap
Pentagon-Sized Facility Can Fill the Gap “We could eliminate almost all of America’s dependence on Russian enrichment by finishing the centrifuge plant in Ohio.” -- James Krellenstein, GHS Climate consultancy, quoted in NYT, June 14, 2023. Existing EIS: Replace Russian, Chinese & some European impor
Slide 11: Building a Public-Private Partnership
Building a Public-Private Partnership Competing for $3.4B provided Substantial capital is available. by Congress to jumpstart U.S. Requires strong market & nuclear fuel production. policy signals. Federal Private investment investment Customer Contracts Customer Contracts Secured $1.8B in customer c
Slide 12: Key Question: Should U.S. Tax Dollars Be Spent Manufacturing Centrifuges in the United States, or Overseas?
Key Question: Should U.S. Tax Dollars Be Spent Manufacturing Centrifuges in the United States, or Overseas? American Centrifuge Design European Centrifuge Design Centrifuge operations U.S. U.S. or Europe Centrifuge manufacturing U.S. Europe Manufacturing supply chain U.S. Europe Meets U.S. national
Slide 13: America’s Uranium Enrichment Company
America’s Uranium Enrichment Company Slide 13
Slide 14: Mobilizing American Workers
Mobilizing American Workers Slide 14
Slide 15: American Manufacturing Supply Chain
American Manufacturing Supply Chain Technology and Manufacturing Center Centrifuge manufacturing: Oak Ridge, Tenn. Oak Ridge Fluor: Engineering, Procurement, and Construction (EPC) contractor. At least 14 major suppliers with workforce sites in 13 states. Only centrifuge manufacturing facility
Slide 16: American Centrifuge: U.S. Manufacturing and Construction Supply Chain
American Centrifuge: U.S. Manufacturing and Construction Supply Chain American Centrifuge Plant Piketon, Ohio Centrifuge Manufacturing Centrus Location Oak Ridge, Tenn. Supplier Workforce Location