Slide 1: NuScale Power First Quarter 2024 Earnings Presentation
NuScale Power First Quarter 2024 Earnings Presentation May 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements This presentation (“Presentation”) and any oral statements made in connection with the Presentation do not constitute an offer to sell or a solicitation of an offer to buy any securities. Certain statements in this Presentation may constitute “forward-looking statements”
Slide 3: Accelerating Power Usage is Threatening U.S. Climate Goals
3 Accelerating Power Usage is Threatening U.S. Climate Goals The five-year projection for U.S. electricity demand Target for New Zero-Emissions U.S. Electricity Generation and Storage3 growth has doubled from forecasts one year ago; peak 140 demand has grown by at least 38 GW over this span1 60 to
Slide 4: Electricity Consumption from Data Centers and AI to Reach 1000 TWh by 2026
4 Electricity Consumption from Data Centers and AI to Reach 1000 TWh by 20261 Major tech companies are expected to invest $1 trillion in Global Data Center data centers over next five years2 Electricity Consumption1 1,200 AI data center racks could require seven times more 1,000 1,000 power than
Slide 5: Rapid Growth and Clean Energy Commitments Create Opportunity for SMRs
5 Rapid Growth and Clean Energy Commitments Create Opportunity for SMRs Hyperscale data centers rapidly increasing electricity consumption, reliability requirements and commitment to reduce carbon emissions, offer near-term deployable NuScale SMRs, capable of generating 24x7 carbon-free electricity,
Slide 6: At Least $525 Billion Announced for the Construction of U.S. Factories Since 2021
6 At Least $525 Billion Announced for the Construction of U.S. Factories Since 20211 The growth in U.S. manufacturing is propelled by federal Electrical Demand Growth3 domestic content requirements, the promotion of private investment through federal legislation, and onshoring 6,000 5,425 trends 5
Slide 7: Market Engagement
7 Market Engagement Coal plant repurposing remains a strong focus for NuScale as our technology is well suited for a coal site repurpose – having a site boundary emergency planning zone, small footprint and the ability to re-purpose the coal plant staffing while providing growth to the community w
Slide 8: Single Hub Solution to Meet Growing Energy Demand
8 Single Hub Solution to Meet Growing Energy Demand Global Strategic Partner for Commercialization and ENTRA1 Provides Bespoke Structures to Meet the Development of Energy Plants with NuScale SMR Technology Unique Needs of Energy Purchasers Build, Own, Operate (BOO) Build, Own, Transfer (BOT) ONE ST
Slide 9: Currently Manufacturing the Only U.S. NRC Approved Small Modular Reactor
9 Currently Manufacturing the Only U.S. NRC Approved Small Modular Reactor Recent NuScale-related activity at Doosan Enerbility’s Seven Largest Forgings Through Initial Fabrication facility includes: New steam generator tube shop installed, a key milestone in NuScale Power Module deployment Al
Slide 10: Currently Manufacturing the Only U.S. NRC Approved Small Modular Reactor
10 Currently Manufacturing the Only U.S. NRC Approved Small Modular Reactor Doosan’s Dedicated Steam Generator Tube Bending Steam Generator Tube Routing Facility NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.
Slide 11: NuScale Energy Exploration Center (E2 Center) at Seoul National University
11 NuScale Energy Exploration Center (E2 Center™) at Seoul National University This E2 Center was established in November 2023 in E2 Center Demonstration At Seoul National University partnership with GS Energy, Doosan Enerbility and Samsung C&T Director-General of the Nuclear Energy Agency (NEA)
Slide 12: Key Financial Themes
12 Key Financial Themes Strategic initiatives aligned resources Revenue Net Loss Cash with transition to commercialization and revenue-producing contracts, while generating $50M to $60M in $1.4M $(48.1)M $137.1M1 1Q ’24 1Q ’24 No Debt annualized savings, starting in 2Q’24 Improved cash position
Slide 13: Capitalization Summary
13 Capitalization Summary1 Share Type Amount Description Class A Shares 86.8M 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 unit1 Total Shares Outstanding 241.
Slide 14: NuScale Power First Quarter 2024 Q&A Session
NuScale Power First Quarter 2024 Q&A Session May 2024 NuScale Nonproprietary Copyright © 2024 NuScale Power, LLC.