Nuscale Power Corporation · NYSE:SMR
Nuscale Power — Investor Presentation (March 2023)
21 slides from Nuscale Power's investor presentation, March 2023
Slide 1: Investor Presentation March 2023
Investor Presentation March 2023 NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.
Slide 2: Important Notice
Important Notice 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. Forward-Looking Statements Certain statements in this Presentation may constitute “forward-look
Slide 3: Nuclear Power is Essential to Meeting Global Decarbonization Targets
Nuclear Power is Essential to Meeting Global Decarbonization Targets NuScale has developed a transformational small modular reactor (SMR) that delivers scalable, safe, and reliable carbon-free nuclear power essential to meeting global decarbonization targets 3 NuScale Nonproprietary Copyright © 2023
Slide 4: Key Investment Highlights
Massive Market Nuclear is the only viable clean baseload power available to address Key Opportunity for the massive global need for 16,000+ GW of carbon-free generation by Investment NuScale 2040 Highlights There is strong and growing global support for nuclear Strong Momentum for • 100+ prospective
Slide 5: NuScale's Core Technology
NuScale’s Core Technology The NuScale Power ModuleTM • Groundbreaking technology features a fully factory-fabricated SMR, referred to as a NuScale Power Module™, consisting of an Containment integral nuclear steam supply system in which the reactor core, steam generators, and pressurizer are all con
Slide 6: Inherently Safe Design Sets New Industry Standards
Inherently Safe Design Sets New Industry Standards U.S. NRC-Approved Methodology to Unlimited Coping Period Unparalleled Capability Support Site Boundary Emergency for Reactors and Performance Planning Zone (EPZ) Comparison of Reactor Coping Period The smaller EPZ enables VOYGR™ SMR power “Black-Sta
Slide 7: Established Supply Chain Ecosystem
Established Supply Chain Ecosystem NuScale Power ModulesTM Fuel Assemblies1 Control Systems Module Protection System Sensors and Instrumentation Reactor Building Crane 7 1. Fuel assembly image provided by Framatome Inc. and used with permission. NuScale Nonproprietary Copyright © 2023 NuScale Power,
Slide 8: The Energy Transition Requires More Than 16,000 GW of Zero-Carbon Capacity
The Energy Transition Requires More Than 16,000 GW of Zero-Carbon Generation Capacity Additions Globally Through 2040 8 NuScale Nonproprietary Copyright © 2023 NuScale Power, LLC.
Slide 9: NuScale Can Power a Range of Applications Critical to Energy Transition
NuScale Can Power a Range of Applications Critical to Energy Transition Enhancing the Power Grid Energy Transition-Specific Opportunities Carbon Capture Grid Resiliency Coal Plant Replacement & Sequestration (CCS) • Adverse weather conditions do not impact operations for • ~132 coal plants in the U.
Slide 10: IRA Provides Significant Tax Credits for Advanced Nuclear, SMRs
IRA Provides Significant Tax Credits for Advanced Nuclear, SMRs Act contains several key provisions that bolster a broad spectrum of new and existing activities in the nuclear industry; nuclear will receive credits that once only applied to wind and solar. Creates tax credit of 30% towards the cost
Slide 11: Coal-to-Clean Energy Transition Expected to Accelerate
Coal-to-Clean Energy Transition Expected to Accelerate • Insights from the U.S. Department of Energy Coal-to-Nuclear Report1: o By repurposing existing infrastructure, compared with a greenfield project, the construction cost savings are between 15 – 35% for a nuclear power plant to be built on a co
Slide 12: NuScale's Innovative Technology Essential to Hydrogen Opportunity
NuScale’s Innovative Technology Essential to Hydrogen Opportunity Enables Decarbonization Across Many Sectors A single NuScale Power Module™ using High- Temperature Steam Electrolysis (HTSE) can produce 2,053 kilograms of hydrogen per hour, while producing no carbon emissions Transportation 95% of t
Slide 13: Nuclear SMR is the Only Viable Zero-Emission Baseload Technology
Nuclear SMR is the Only Viable Zero-Emission Baseload Technology • While conventional nuclear technology is reliable and clean, it is also extremely expensive and difficult to build quickly • Nuclear SMR requires significantly less investment and time to build (~3 years vs. 6-10 years) compared with
Slide 14: NuScale is Years Ahead of the Competition
NuScale is Years Ahead of the Competition Small Modular Reactor Competitors1 Selected Other Light Water Reactors Non-Light Water Reactors2 Differentiators Light water reactor (LWR) (50+ years Underlying Technology Track Record Same as NuScale Relatively limited history) Does not exist today; Fuel Su
Slide 15: Diversified, Low-Capex Model & Significant Competitive Moat
NuScale has Diversified, Low-Capex Model & Significant Competitive Moat VOYGRTM SMR Power Plants Services Sale of NuScale Power Modules Revenue Source Provision of a diversified suite of services including licensing support, testing, training, fuel supply, program management, etc. Sale of Standard P
Slide 16: NuScale Offers Critical Services Over the Life Cycle of the Plant
NuScale Offers Critical Services Over the Life Cycle of the Plant Select NuScale Services = Revenue Timing T-8 T-7 T-6 T-5 T-4 T-3 T-2 T-1 COD T+1 T+2 T+3 T+4 T+5 Licensing & Support Startup & Testing Initial Training Nuclear Equipment Inspection & Testing Fuel Supply, Handling & Refueling Services
Slide 17: Per-Plant Projected Economics Illustration
Per-Plant Projected Economics Illustration Average Annual Cash Generation(1) (Illustrative Range) Years 1-5 Years 6-10 Years 11-40+ (T-9 to T-5) (T-4 to COD) (T+1 to T+40) NuScale Power ModulesTM $200M – $250M Services $5M – $15M $10M – $20M $25M – $50M Cash Generated $5M – $15M $210M – $270M $25M –
Slide 18: Robust and Diversified Global Customer Pipeline
Robust and Diversified Global Customer Pipeline Potential customers include governments, state-owned enterprises, public- and investor-owned utilities, coal plant refurbishment, process heat applications, private sector and commercial nuclear power producers, and generation and transmission cooperat
Slide 19: Key Financial Themes
Key Financial Themes • New revenue contracts that we expect to be accretive and lead to incremental customer Revenue Net Loss Cash growth • Our strong cash profile, $3.4M $(47.2)M 4Q ’22 4Q ’22 buoyed by lack of debt, provides financial vs flexibility vs $267.7M1 No Debt $1.5M $(28)M 4Q ’21 4Q ’21 1
Slide 20: Key Milestones Planned for 2023
Key Milestones Planned for 2023 1 2 3 Secure Next 3 Committed Advance the Design for Key SDA Application Acceptance Customers Components Review by NRC On Track On Track On Track 4 5 Commence Manufacture of Secure Long-Lead Material Upper Reactor Pressure Orders for 10 Additional Vessel NuScale Power
Slide 21: Capitalization Summary
Capitalization Summary Share Type Amount Description Class A Shares 69.3M NuScale Power Corporation Class A shares NuScale Power Corporate Class A shares Class B Shares 157.1M issuable upon the exchange of NuScale Power, LLC Class B shares and Class B units1 Total Shares Outstanding 226.4M Legacy op