Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CENTRUS ENERGY CORP | a8-k_20131213.htm |
| EX-99.3 - EXHIBIT 99.3 - CENTRUS ENERGY CORP | ex993.htm |
| EX-99.1 - EXHIBIT 99.1 - CENTRUS ENERGY CORP | exhibit991.htm |
| EX-10.1 - EXHIBIT 10.1 - CENTRUS ENERGY CORP | exhibit101.htm |
SUBJECT TO APPLICABLE CONFIDENTIALITY AGREEMENTS AND FRE 408 P R O J E C T U N I T E D $1,340 $550 $425 $330 $440 $425 $375 $335 $1,390 $600 $475 $380 $490 $475 $425 $385 300 400 500 600 700 800 2013 2014 2015 2016 2017 2018 2019 2020 Sales Revenue ($ in million) USEC’s Strategic Transition: Overview Our business will undergo a strategic transition as we move from enrichment using gaseous diffusion and proceed towards the commercialization of ACP using advanced centrifuge technology A U S E C S T R A T E G I C T R A N S I T I O N 1 NEAR-TERM MEDIUM-TERM LONG-TERM Energy Northwest contract at Paducah through May 2013 RD&D program execution ACP commercial planning and financial close Megatons-to-Megawatts program through 2013 Initial TSA commences 2013 Inventory disposition Balance sheet improvement Evaluation of new US-based enrichment capacity using Russian technology (“RCP”) TSA period ACP construction and operation Corporate and cost structure right-sized to operations profile Further definition/consideration of RCP ACP commercial operations and expansion planning (not included in revenue) Final years of TSA supply (ceases 2022) Potential for RCP complement USEC Proprietary Information ENW, HEU, Initial TSA, Inventory TSA TSA + ACP $1,40 1,30
SUBJECT TO APPLICABLE CONFIDENTIALITY AGREEMENTS AND FRE 408 P R O J E C T U N I T E D 2012 - 2018 Long-Term Financial Plan: Summary ($ in millions) Based on the Plan, USEC would generate substantial free cash flow over the projection period and end 2018 with an estimated $370 - $390 million cash balance I I 2 0 1 2 - 2 0 1 8 L O N G - T E R M F I N A N C I A L P L A N $1,340 $550 $425 $330 $440 $425 $1,390 $600 $475 $380 $490 $475 0 500 1,000 1,500 $2,000 2013 2014 2015 2016 2017 2018 REVENUE EBITDA(a) GROSS PROFIT CASH BALANCE 17 (a) For illustrative purposes, EBITDA excludes Advanced Technology costs, other income and special charges. $130 $300 $265 $310 $370 $292 (b) $150 $320 $285 $330 $390 0 100 200 300 400 $500 2013 2014 2015 2016 2017 2018 $75 $55 $40 $65 $70 ($5.0) $15 $95 $75 $60 $85 $90 (50) 0 50 100 150 $200 2013 2014 2015 2016 2017 2018 ($40) $10 $30 $15 $40 $40 ($60) $30 $50 $35 $60 $60 (100) (50) 0 50 100 150 $200 2013 2014 2015 2016 2017 2018 USEC Proprietary Information