›- Copyright -

›Key Developments in Advanced Fuel Cycles and SNC-Lavalin’s Vision for the Future

›Catherine Cottrell, Project Engineering Manager, NUE and AFCRCNS CANDU Fuel Conference, August 16, 2016

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World-class safety› We put people first

› Our goal: ‘zero injuries and incidents’ across our offices and worksites

Ethics & compliance

› Strong ethics & compliance culture

› Compliance training and annual certification for all employees

› Antitrust and competition policy

Major SNC-Lavalin Nuclear Projects

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Life Extension of CANDU Reactors

› Leading role in Climate Change

› Over $25 billion investment

› 30 year life extension of 10 CANDU units at Darlington and Bruce Power stations

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Collaboration on CANDU New Build Projects

Romania

Argentina

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The Advanced Fuel CANDU Reactor Project› Joint development of the AFCR with Chinese partners

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The CANMOX EC6 Reactor Project

› Development of

CANMOX EC6

reactor for utilization

of UK Plutonium

stockpiles

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Expanding our Business Breadth

› Decommissioning & Waste Management opportunities

› LWR services support

› SMR engineering and licensing support

› Part of CNEA consortium managing CNL

› Investment in SNC-Lavalin’s nuclear offices

Advanced Fuel Cycles

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History of CANDU Fuel Flexible Applications

› CANDU reactor well positioned to utilize advanced fuels

› Long history of fuel flexible applications

› Recycled Uranium› Thorium› Plutonium

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Natural Uranium Equivalent

› Mixture of recycled and depleted uranium

› Benefits:

› Increased uranium utilization › Re-introduction of waste

products into the energy stream› Spent fuel reduction› Economic advantages› Independence from NU market

› Synergistic relationship with existing LWR fleet

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The Advanced Fuel CANDU Reactor

› Generation III reactor

› Meets post-Fukushima safety requirements

› Optimized for efficient and economic utilization of:

› Recycled Uranium; and

› Thorium

› Designed to utilize China’s existing manufacturing and construction capabilities

› Synergistic relationship with China’s LWR fleet

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The CANMOX EC6 Reactor

› Generation III reactor

› Meets post-Fukushima safety requirements

› Designed to utilize UK’s existing Plutonium stockpiles

› Synergistic relationship with China’s LWR fleet

Vision for the Future

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Vision for the future

› Play a key role in the global fight against climate change

› CANDU technology to lead the path towards closing the fuel cycle

› CANDU technology a complimentary piece in the nuclear industry to maximize resources utilization

› Commercial international implementation of AFCR & CANMOX

› Strengthening of strategic partnerships to power the world

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