Cameco IPO Presentation Deck
Increasing Need for Zero-Carbon Energy
Source to Meet Growing Electricity Demand Cameco
Energizing a clean-air world
Nuclear Energy is Expected to Play a Critical Role in Future Power Generation
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4
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Energy demand is expected to grow at -2% per year to 2040¹
Fossil fuel retirements due to decarbonization expected to contribute to
energy gap that must be filled by other power generation sources
Traditional renewables are projected to provide up to 75% of future
energy needs, but cannot support 100% of demand due to their
intermittent nature and limitations of batteries²
Nuclear energy is important to help fill the clean energy gap left by
fossil fuels and renewables as well as energy storage limitations
Baseload
Capacity Factor
Nuclear Meets All Key Power Generation Objectives
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Nuclear CCGT
Low Emissions³
Ability to Add Additional
Capacity
Large-Scale Output
Protected from Fuel Supply
Interruption
Average Levelized Cost of
Electricity (US$/MWh)?
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X
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D:
Coal
X
x
Ja
Wind Solar Hydro
X
X
x
X
X
X
X
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-$40 -$80 -$100 -$70 -$95 -$90
Nuclear Energy Represents a Safe, Reliable and Affordable Source of Baseload Carbon-Free Power
'IEA World Energy Outlook 2021, 2 International Renewable Energy Agency Global Energy Transformation: A Roadmap to 2050; ³ Based on grams of CO₂ emitted per kilowatt-hour produced; + Coal capacity can be increased but expansion is
tempered by policy issues; 5 Limited availability of additional sites for large-scale hydro development in most countries; Based on output capacity of typical power plants of each type (1,000 MW or higher defined as plants with large-scale output).
7 Based on median levelized costs of electricity by plant category from Projected Costs of Generating Electricity 2020, IEA.View entire presentation