Centrus IPO Presentation Deck

Company History - From Manhattan Project until Today 1940s - 1960s US Government owned and operated uranium enrichment facilities supply HEU to government and later begin providing LEU via commercial sales to the commercial nuclear power industry 1970s The Nixon administration first proposed the privatization of the government's enrichment business 1993 New government agency, United States Uranium Enrichment Corporation (USEC) began operations in July 1993 Centrus 2016 Successfully completed three year demonstration of AC-100 centrifuge technology in Piketon, Ohio. 1998 The U.S. government sold the company USEC Inc., in an initial public offering 2014 Following market collapse caused by Fukushima, USEC required financial restructuring and re-emerged as Centrus Energy Corp., with a stronger balance sheet, new board, and new management 2019 Centrus and DOE signed agreement to allow work to begin on the HALEU project 1993-2013 As agent for US government, USEC marketed LEU through the US-Russia "Megatons to Megawatts" agreement to down-blend HEU from former Soviet nuclear weapons into LEU fuel to power America's civilian nuclear reactors; 20,000 bombs worth converted to peaceful use, providing 10% of US electricity

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