Terrestrial Energy Inc. · NASDAQ:IMSR
Terrestrial Energy — Investor Presentation (July 2026)
25 slides from Terrestrial Energy's investor presentation, Jul 21, 2026
Slide 1: Delivering carbon-free thermal and electrical energy
Delivering carbon-free thermal and electrical energy J U L Y 2 0 2 6
Slide 2: Disclaimer
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 2 Disclaimer This presentation (this “Presentation”) has been prepared by Terrestrial Energy Inc. (the “Company”) solely for informational purposes. This Presentation is intended to provide a general overvie
Slide 3: Investment summary
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 3 Investment summary The most capital-efficient SMR for rapid deployment at scale Terrestrial Energy is an SMR developer whose proprietary Integral Molten Salt Reactor (IMSR), a Generation IV technology, del
Slide 4: $1.6T current SAM for IMSR Plants
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 4 $1.6T current SAM Total serviceable addressable market (SAM) for IMSR Plants is expected to grow 47% to $2.3T by 2050 OECD industrial heat market ($1,200B) OECD electricity market ($1,100B) The IMSR's uniq
Slide 5: IMSR Plant is designed for fast delivery of energy solutions to industry
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 5 IMSR Plant is designed for fast delivery of energy solutions to industry Separation of nuclear from thermal and electrical systems allows: • Allows end-user flexibility to customize thermal and electricity
Slide 6: IMSR Plant supplies three key, large market verticals
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 6 The IMSR Plant has the operational capability to supply three key, large market verticals Many markets showing clear policy support for nuclear energy 1 Industrial heat and power Today, thermal energy (hea
Slide 7: IMSR versus Gen IV High Temperature Gas Reactor
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 7 Terrestrial Energy IMSR Gen IV Molten Salt Reactor (MSR) Gen IV High Temperature Gas Reactor (HTGR) Best-in-class SMR capital efficiency: • ~585 ˚C operational temperature, delivers ~44% (net) thermal effi
Slide 8: Molten salt coolant delivers high inherent safety
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 8 Use of a molten salt coolant and fuel delivers high inherent safety • Negative temperature coefficient of reactivity for inherent power control and load-following • Fluid convection supports passive dissip
Slide 9: Sealed and replaceable Core-unit
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 9 All primary reactor components will be contained in the sealed and replaceable “Core-unit” Core-unit replaced every 7 years Primary Heat Exchangers Flow of salt Passive cooling system Graphite Moderator Ke
Slide 10: IMSR built on 65 years of proven MSR technology
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 10 Thermal spectrum Fluoride salt chemistry Graphite moderator SALEU-fueled once-through fuel cycle Integral reactor core architecture IMSR is Built on 65 Years of National Lab Proven and Demonstrated MSR Te
Slide 11: IMSR advantages compared to LWR technology
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 11 Compared to LWR Technology, IMSR Offers Transformative Advantages on a Range of Technical and Economic Factors Coolant Molten Salt Water Temperature of Thermal Supply 585°C ~270°C Net Thermal Efficiency o
Slide 12: Business Model
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 12 Business Model Revenues start well before construction at site development project stage and last for the entire operation of the plant Terrestrial Energy’s customers are site developers, IMSR Plant proje
Slide 13: LEU versus HALEU fuel
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 13 Uranium-235 enrichment level Cost Typical use case Regulatory requirements Key suppliers for fleet deployment 15-20% U-235 $32,600 / kgU2 Most other Gen IV reactors today require HALEU at 15-20% U-235 Com
Slide 14: IMSR's triple advantage
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 14 IMSR’s triple advantage – high-temperature, low-pressure operation with high inherent safety – and using LEU to deliver best-in-class capital efficiency with speed to fleet scale IMSR heat supply is best-
Slide 15: Blue-chip service and major component suppliers
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 15 Blue-chip service and major component suppliers support deployment readiness Awards to top-tier suppliers of engineering and operations services inspire nuclear market confidence Plant & Infrastructure Nu
Slide 16: Scaling up IMSR plant project pipeline
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 16 Terrestrial Energy is scaling up its IMSR plant project pipeline Recent commercial developments Mining Ammonia and hydrogen Data centers Capital goods Utilities Industrials CNSC VDR April 2023 MOU Novembe
Slide 17: Catalysts and positioning for long-term growth
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 17 Tracking 2026 guidance. Catalysts and positioning for long-term growth Engineering developments & regulatory approvals • NRC approves Principal Design Criteria and Postulated Initiating Events methodology
Slide 18: Four revenue streams per IMSR Plant
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 18 ~$2.7B 33% 100% Cumulative Totals $477 26% 17% Construction services & component supply Supply of services and components as set out in the Company’s Product Delivery Model for construction and commission
Slide 19: Capital-Light Business Model Across 50+ year Lifecycle
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 19 Terrestrial Energy’s Capital-Light Business Model Taps Four Revenue Streams Across the IMSR Plant’s 50+ year Lifecycle Pre-Construction Construction Operating Pre-construction services Gross Margin 26% $9
Slide 20: Terrestrial Energy Leadership
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 20 Terrestrial Energy Leadership A proven leadership team A leadership team with extensive experience across scientific, commercial, and policy realms Simon Irish CEO, Director • Extensive investment banking
Slide 21: Leadership team continued
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 21 Iftikhar Haque VP Nuclear Supply Chain • Over 35 years of supply chain experience, over 20 in the utilities sector as a supply chain leader • Former VP supply chain at multiple utilities and suppliers Dav
Slide 22: Summary
Terrestrial Terrestrial Energy Inc. Proprietary Information Energy Inc. Proprietary Information -- All Intellectual Property Rights Reserved. All Intellectual Property Rights Reserved. 22 Most capital-efficient SMR Proprietary Gen IV IMSR technology incorporating tested and demonstrated DOE molten s
Slide 23: Glossary
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 23 Glossary Term Definition Base load The minimum amount of electric power delivered or required over a given time period at a steady rate. Core-unit The term to denote the vessel that contains the primary c
Slide 24: Serviceable addressable market: heat basis and footnotes
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 24 1. US EIA, International Energy Outlook, World total primary energy consumption by region (reference case) 2. German Energy Agency (dena), Powerfuels in Industry: Process Heat (20% of all heat being indus
Slide 25: Serviceable addressable market: electricity basis and footnotes
Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 25 1. McKinsey & Company, What will it take for nuclear power to meet the climate challenge? 2. US EIA, calculated share of nuclear electricity installed generating capacity OECD and World 3. Cost of constru
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