Nuscale Power Corporation · NYSE:SMR

Nuscale Power — Q2 2024 Earnings Presentation

10 slides from Nuscale Power's earnings presentation, Aug 8, 2024

  1. Slide 1: NuScale Power Second Quarter 2024 Earnings Presentation

    NuScale Power Second Quarter 2024 Earnings Presentation August 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.

  2. Slide 2: Forward-Looking Statements

    2 Forward-Looking Statements This presentation may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements includ

  3. Slide 3: RoPower Project Progressing

    3 RoPower Project Progressing ▪ Subsequent to the second quarter of 2024, RoPower authorized Phase 2 Front-End Engineering and Design (“FEED Phase 2”) project for the Doicesti small modular reactor power plant to proceed under contract with Fluor Corporation • The signing was attended by U.S. Secret

  4. Slide 4: The Nuclear Energy Conversation Has Changed

    4 The Nuclear Energy Conversation Has Changed ▪ To achieve 2050 net-zero emissions goals, the U.S. Department Data Center Consumption of of Energy needs to triple nuclear capacity, adding 200 GW1 U.S. Electricity2 10% 9.1% ▪ Unlike conventional renewables, nuclear power provides 24/7 U.S. Power Cons

  5. Slide 5: The Data Center and AI Arms Race is Accelerating

    5 The Data Center and AI Arms Race is Accelerating ▪ Amazon intends to spend an incremental $150B on data center facilities over the next 15 years to maintain a leading position in the cloud services market2 ▪ The chief of Google’s AI business believes the company will spend >$100B developing AI tec

  6. Slide 6: Continued Bi-Partisan Support for Nuclear SMR Development

    6 Continued Bi-Partisan Support for Nuclear SMR Development ▪ Two competitive cost share funding opportunities in the U.S. Energy & Water FY’24 appropriations for light-water small modular reactor $900M of SMR funding in the (“SMR”) technologies: FY’24 Energy & • $800M award for up to two near-term

  7. Slide 7: NuScale is Uniquely Poised for Near-Term Deployment

    7 NuScale is Uniquely Poised for Near-Term Deployment ▪ Unparalleled Regulatory Success • NuScale is the only SMR with U.S. Nuclear Regulatory Commission (“NRC”) design certification • Our Standard Design Approval uprate remains on track for mid-2025 completion ▪ Industry-Leading Manufacturing Readi

  8. Slide 8: Key Financial Themes

    8 Key Financial Themes ▪ Steady cash position over the last three quarters, while Revenue Net Loss Cash1 remaining debt free ▪ 2Q’24 operating loss of $41.9M vs 2Q ’23 operating loss of $56.1M, reflects a $14.2M reduction in operating expenses due to the Company’s successful efforts to $1.0M $(74.4)

  9. Slide 9: Capitalization Summary

    9 Capitalization Summary1 Share Type Amount Description Class A Shares 92.5M NuScale Power Corporation Class A shares NuScale Power Corporation Class A shares issuable upon the exchange of Class B Shares 154.5M one Class B share and one NuScale Power, LLC Class B unit2 Total Shares Outstanding 247.0

  10. Slide 10: NuScale Power Second Quarter 2024 Q&A Session

    NuScale Power Second Quarter 2024 Q&A Session August 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.

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