Terra Innovatum Global N.V.

Greetings and welcome to the Terra Innovatum Global Third Quarter Fiscal Year 2025 Financial Results. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Giordano Marici. Please go ahead.

Thank you and good morning, everyone. This is an exciting day for Terra Novatum, our first earning call as NASDAQ listed company following our successful business combination last month. I am pleased to introduce Alessandro Petruzzi, co-founder and chief executive officer, and Guillaume Moyen, our chief financial officer. You should have the earnings released across the wires this morning as well as the slides that will accompany our conversation. If not, you can find these documents in our investor relations website at investors.terremolatum.com. Please turn to slide two to review cautionary statements. As you're likely aware, during the formal presentation, as well as the Q&A session, management may make some forward-looking statements about our current plans, beliefs, and expectations. These states can apply to future events that are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from what is stated here today. These risks, uncertainties, and other factors are provided in the earning release, as well as other documents filed by the company with the Securities and Exchange Commission, the SEC. These documents can be found on our website or at sec.gov. Now, if you will please turn to slide three, I'll turn the call to Alessandro to begin.

Alessandro? Thank you, Giordano, and good morning to all. It is a milestone moment for Terra Innovatum as we present our inaugural earning result as a public company. Terra Innovatum has developed what we believe is the industry's first commercial-ready micro-reactor design, the Solo micro-reactor. It is a 1-megawatt electric helium-cooled reactor powered by widely available low-enriched uranium fuels. Solo can run autonomously for 15 years without refueling or 45 years with two core swaps. One Solo powers the equivalent of approximately 200 average U.S. homes, making it ideal for distributed energy needs at data centers, hospitals, and industrial facilities. In October, we completed our business combination with GSRG, providing the capital and brand elevation to execute our go-to-market strategy. As a NASDAQ listed company, we are positioned to achieve NRC approval for our first of a kind reactor by 2027 and begin our commercialization by 2028. On slide 4, I would like to introduce our post-listing activities. We are fully funded to advance three critical work streams. First, advancing NRC licensing. Second, constructing our first of a kind reactor. And third, FOC operation, leading to subsequent commercialization and scaling of our commercial production. Our capital allies provide the resources to execute with discipline and confidence. And now moving on slide five, I would like to highlight our key differentiators. Solar is safe by physics. built from the shell component using existing oil-enriched uranium fuel. Our design is now complete. We do not need new R&D, and this streamlines licensing, reduces risk, and enables rapid deployment. Solar versatility provides electricity, process heat, and radioisotopes at the point of demand. Moving to slide six, as you know, we are experiencing strong regulatory tailwinds. The U.S. NRC and White House are accelerating advanced reactor approval. Beginning on October 1st, the NRC reduced the licensing fee by 50%, from $318 to $148 per hour, and this significantly lowers our licensing costs. But the NRC has also streamlined the microreactor approval that way, offering parallel licensing process with priority for solutions like ours. And now coming to slide seven, I would like to provide some licensing update. In January 2025, we submitted our regulatory engagement plan to NRC. We have submitted topical reports covering design, safety, fuel, and operation. NRC accepted for review our principle design criteria report in May, with the expected review target for completion by the end of 2025. We are pursuing an accelerated dual-track licensing process with the MRC for our first of a kind reactor, with construction permit and operating licensing activities proceeding in parallel. We expect FOC approval in 2027, followed by commercial license approval in 2028. Our confidence in this timeline is rooted in decades of know-how in the nuclear industry and licensing. and six years of now complete sole reactor design, which works using proline, component, and fuel. We have no new material or fuel type to validate, and our first-of-a-kind design is identical to our commercial unit, and this contributes to a faster commercialization license and deployment. This position definitely helps as the fastest commercial microreactor to the market. On slide eight, I would like now to provide some update on commercialization. We have signed MOU for up to 100 units, solo units, representing 1.9 billion in potential revenue. Since our last NASDAQ listing, we have seen accelerated customer imbalance, and our focus is now translating these MOU into binding order with the next 12 months. And now on slide nine, I would like to highlight on our Amarisco partnership. Amarisco is a leading U.S. energy infrastructure provider with 25 years of experience in distributed energy solutions for federal, state, and municipal customers. This partnership targets deployment of 50 solar reactors with U.S. focus on DOD and DOE side, plus commercial and global opportunities. This accelerated our access to shovel-ready projects aligned with federal energy security and mandates. And on slide 10, some update on FOC deployment. We have selected the Rock City Admiral Parkway in Illinois for our first-of-a-kind site. Rock City is a 6 million square foot underground industrial facility serving major retailers, food chains, and government archives. Deployment fork at the commercial industrial site demonstrate SOLO's real work readiness and it might immediately validate our business case. The mall include also an option for up to 50 additional SOLO deployment on site. Slide 11 and 12 showcase our supply chain network. We have adopted a public manufacturing model, partnering with establishing nuclear supplier rather than building internal facilities. This provides balance sheet flexibility, cost transparency, and rapid scalability. Partners include ATB Riva Calzoni, Paragon, TechSource, Conwar, and established fuel suppliers. ATB is a 100-year-old nuclear supplier with 646,000 square feet of nuclear-qualified manufacturer space and has begun preliminary construction activity for our first-of-a-kind a few weeks ago. our partner network can accommodate production of 400 solar reactors per year by the end of 2028. And this robust supply chain, combined with our capital light model, enable us to focus our resources on licensing, customer development, and execution. And with that foundation, I will now turn to Guillaume for our financial update. Guillaume, please.