Lightbridge Corporation · NASDAQ:LTBR
Lightbridge — Investor Presentation (February 2021)
34 slides from Lightbridge's investor presentation, Feb 18, 2021
Slide 1: Advanced Nuclear Fuel Technology for New and Existing Reactors
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Slide 2: Safe Harbor Statement
Safe Harbor Statement With the exception of historical matters, the matters discussed in this presentation are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing and outcome of research and development act
Slide 3: Developing a way to impact the world's climate and energy problems
At Lightbridge we are developing a way to impact the world’s climate and energy problems soon enough to make a difference.
Slide 4: Lightbridge - Pioneering Advanced Nuclear Fuel
Lightbridge - Pioneering Advanced Nuclear Fuel Leading developer of nuclear fuel technology for current and future reactors that enhances economics, proliferation resistance, and safety of nuclear power, operating about 1000 °C cooler than standard fuel Backed by a Well-Respected Patent Portfolio We
Slide 5: Key Business Drivers
Key Business Drivers Bipartisan government support through legislation, financial investment and policy change has spurred a race for nuclear innovation. ightbridge was awarded its first DOE funding award in late 2019, with additional funding opportunities available. $20+ billion addressable market
Slide 6: Lightbridge Fuel™
Lightbridge Fuel™
Slide 7: Highlights of Lightbridge Fuel™
Highlights of Lightbridge Fuel™ Cladding Fuel Core Displacer HALEU) imp. Large Market Lightbridge Fuel™ is designed to work in new and in existing reactors. ‘Waste Reduction There is less spent fuel per plant output when using Lightbridge Fuel", The spent fuel is useless for weapons purposes. Improv
Slide 8: Lightbridge Fuel™ Features
Lightbridge Fuel™ Features Absence of spacer grids reduces core pressure drop by ~50% which improves natural circulation of the water coolant Metallurgical bond between fuel components significantly reduces cladding breach due to fuel- cladding mechanical interactions Increased cladding thickness at
Slide 9: Lightbridge Innovation: Designed for Safety
Lightbridge Innovation: Designed for Safety 1250 °C eS The temperature down the center of Conventional Lightbridge Fuel™ is “1000 °C cooler than the center of standard nuclear fuel; and with increased fuel rod surface area, there is significantly more margin to fuel failure. Fuel Lightbridge Fuel te
Slide 10: How We Design Safer Fuel
How We Design Safer Fuel Fabrication The three components of Lightbridge Fuel™ are metallurgically bonded during the fabrication process. This bonding improves fuel rod integrity and thermal conductivity and eliminates a source of fission product release in the event of a bonded barrier breach, redu
Slide 11: Robust Patent Portfolio Protects Return on Investment
Robust Patent Portfolio Protects Return on Investment Lightbridge has invented and developed its technology to meet the needs of the growing energy marketplace, backed by | a powerful worldwide patent portfolio of 197 issued and pending € patents | Patents related to the following core areas: Fabric
Slide 12: Timeline of Events & Milestones for Lightbridge Fuel™
Timeline of Events & Milestones for Lightbridge Fuel™ 2012 Siemens Industry completed ‘an independent 2010 Lightbridge ‘economic study ‘announced inital confirming concept of metalic economic benefits 2014 Lightbridge fuel as the optimal of Lightbridge is granted first way forpower Fuel" for power k
Slide 13: The Opportunity for Lightbridge (Today's Reactors)
The Opportunity for Lightbridge (Today’s Reactors)
Slide 14: $60 Million Annual Gross Revenue Increase to Utility
$60 Million Annual Gross Revenue Increase to Utility Per Large Pressurized Water Reactor 24-month cycle Fewer outages -$60 million” per 1,100 MWe reactor incremental annual revenue to utility with Lightbridge 10% power uprate fuel Does not include the added economic benefits of carbon credits or cos
Slide 15: Nuclear Utility Fuel Advisory Board (NUFAB)
Nuclear Utility Fuel Advisory Board (NUFAB) Nuclear Utility Fuel Advisory Board (NUFAB) h DUKE DP veminion Oe. I —_ . = ExelonGeneration. 4 Southern Company Node — Lightbridg 15
Slide 16: The Opportunities for Lightbridge (New Applications)
The Opportunities for Lightbridge (New Applications)
Slide 17: Lightbridge Fuel™ in Small Modular Reactors of the Future
Lightbridge Fuel™ in Small Modular Reactors of the Future i it ™ a 7 . Existing and new Lightbridge Fuel™ could help with licensing Reactors currently — Generation of: running IV Reactors * Fewer personnel in control room | | * Fewer security personnel e) } ) SG o * Emergency planning zone limited t
Slide 18: Superior Ramp Rate for Load Following in SMRs
Lightbridge Fuel™ Can Offer Superior Ramp Rate for Load Following in SMRs — Facilitates Versatile and Efficient Use of Carbon-Free Energy at Greater Scale i + SMRs powered with Lightbridge Fuel™ are expected to have a vastly improved load following ramp rate compared to traditional reactors al. + Ma
Slide 19: Plutonium-Zirconium Fuel Opportunity
Plutonium-Zirconium Fuel Opportunity * START Treaty extended an additional five year * Biden administration hopes for negotiations to reduce the numbers of nuclear weapon * This could lead to a need to reduce excess weapon: plutonium stockpiles in the U.S Lightbridge is studying the potential for a
Slide 20: Renewables will Provide a Small Portion of Global Energy Needs in 2050
Renewables will Provide a Small Portion of Global Energy Needs in 2050 - an Opportunity for Nuclear Power to Support Carbon-Free Initiatives Total contribution of energy sources in 30 years at current pace: Ea 1cMo % (or 1.1 CMO) 9.CMOst 9% 3% Cam Op 88% from ??? * The world will need about 2.4 time
Slide 21: Leveraging Bipartisan Support for Advanced Nuclear
Leveraging Bipartisan Support for Advanced Nuclear
Slide 22: Awarded GAIN Contract with US Department of Energy
Awarded GAIN Contract with US Department of Energy * Won GAIN voucher, our first DOE funding award in December 2019 ARGAI IN yr hele * Signed Cooperative Research and Development Innevation in Kuciear Agreement (CRADA) with Battelle Energy Alliance, LLC, the operating contractor of INL, in In terms
Slide 23: Robust Bipartisan Federal Legislation for Nuclear
Robust Bipartisan Federal Legislation for Nuclear Nuclear energy benefits from strong bipartisan support in U.S. Congress. * Currently, there are 86 bills* related to nuclear power under consideration in the US Congress: © Sponsored by Democrats: 53 © Sponsored by Republicans: 32 * Advanced Nuclear
Slide 24: Nuclear Fuel Working Group Report
Nuclear Fuel Working Group Report Commitments towards federal funding of R&D for advanced fuels and HALEU Complete HALEU enrichment demonstration program, and fund advanced water treatment technology for uranium mining and in-situ recovery Fund the R&D for domestic origin commercial fuel replacement
Slide 25: Advanced Nuclear Technology Race Poses Unique Opportunities
Advanced Nuclear Technology Race Poses Unique Opportunities for Lightbridge Government support through legislation, financial investment and policy change has spurred A RACE FOR NUCLEAR INNOVATION STRATEGIC GLOBAL LEADERSHIP ON CLIMATE CHANGE Advanced Critical infrastructure resilience Nuclear enabl
Slide 26: Financial Overview
Financial Overview
Slide 27: Strong Financial Positioning
Strong Financial Positioning Unaudited Condensed Consolidated Balance Sheets No debt September 30, December 31, 2020 2019 Minimal trade payables “(ASSETS Ss st-ct Current Assets praia cee cuce Cash and cash equivalents $ 17410899 $17,958,989 was instituted in Q2 hes ecahietta bars jciee varkive - re
Slide 28: Seasoned Nuclear Industry Leadership Team
Seasoned Nuclear Industry Leadership Team Ambassador Thomas Graham Jr. - Chairman of the Board of Directors Former Special Representative of the President of the for Arms Control, Non-proliferation and Disarmament, current Co-Cheirman of the Atlantic Counci’s Nuclear Energy and Notional Security Coa
Slide 29: Why Invest in Lightbridge?
Why Invest in Lightbridge? Lightbridge Fuel™ is well-positioned to enable advanced nuclear energy applications that expand its current use missions Lightbridge Fue!" is a nimble technology that's reimagining applications of nuclear power to deliver clean, reliable energy. Bipartisan government suppo
Slide 30: Lightbridge
© Bog 8G S45%e © © Lightbridge Advanced Nuclear Fuel Technology for Current and Small Modular Reactors Improving reactor safety and economics Lightbridge Corporation 11710 Plaza America Drive www.Ltbridge.com Suite 2000 Twitter: @LightbridgeCorp Reston, Virginia 20190 USA www.Linkedin.com/company/Lt
Slide 31: Appendix: World-Class Consulting
Appendix: World-Class Consulting
Slide 32: New-Build Programs
New-Build Programs Specialists in Initial Phases of New-Build Programs. In our experience, nuclear projects succeed or fail in the first five years and investment in program planning pays very large dividends in future success. Our primary services focus on: Deciding to proceed with a nuclear power
Slide 33: New-Build Programs
New-Build Programs Procuring Nuclear Power Plants Regulatory Development and International Obligations Public Communications Develop commercial strategy Prepare technical bid specifications Support nuclear power plant procurement negotiations Required amendments to the nuclear law and regulatory fra
Slide 34: Lightbridge Advisory Experience
Lightbridge Advisory Experience Selected Exampl _. Emirates Nuclear Energy Corporation (ENEC) Program Office Support Lightbridge assisted ENEC from its inception to become an effective and efficient program delivery organization. We supported the nuclear power plant prime contractor selection, and p