Centrus Energy Corp. (NYSE:LEU) Q4 2020 Earnings Conference Call March 19, 2021 8:30 AM ET Company Participants Dan Leistikow - Vice President, Corporate Communications Dan Poneman - President and Chief Executive Officer Philip Strawbridge - Senior Vice President and Chief Financial Officer John Dorrian - Controller and Chief Accounting Officer Conference Call Participants Rob Brown - Lake Street Capital Joseph Reagor - ROTH Capital Partners Richard Fels - Odeon Capital Operator Greetings. Welcome to Centr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Commission file number 1-14287 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (IRS Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301) 564-3200 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbo ...

Start Time: 08:30 January 1, 0000 8:53 AM ET Centrus Energy Corp. (NYSE:LEU) Q3 2020 Earnings Conference Call November 13, 2020, 08:30 AM ET Company Participants Daniel Poneman - President and CEO Philip Strawbridge - SVP, CFO, CAO and Treasurer Dan Leistikow - VP, Corporate Communications Conference Call Participants Rob Brown - Lake Street Capital Markets Operator Greetings, and welcome to the Centrus Energy Third Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. A ques ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-14287 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (I.R.S. Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301 ...

Centrus Energy Corp. (NYSE:LEU) Q2 2020 Earnings Conference Call August 5, 2020 8:30 AM ET Company Participants Dan Leistikow - Vice President, Corporate Communications Daniel Poneman - President & Chief Executive Officer Philip Strawbridge - Senior Vice President, Chief Financial Officer, Chief Administrative Officer & Treasurer Conference Call Participants Operator Greetings, and welcome to the Centrus Energy Second Quarter 2020 Earnings Call. At this time, all participants are in listen-only mode. A ques ...

Financial Performance - Total revenue for the three months ended June 30, 2020, was $75.7 million, a significant increase from $10.6 million in the same period of 2019, representing a growth of 613%[14] - Gross profit for the six months ended June 30, 2020, was $63.4 million, compared to a gross loss of $9.8 million for the same period in 2019, indicating a turnaround in profitability[14] - Net income for the three months ended June 30, 2020, was $33.7 million, compared to a net loss of $15.6 million in the same period of 2019, marking a positive shift in financial performance[14] - For the six months ended June 30, 2020, total revenue was $94.1 million, up from $37.7 million in the same period of 2019, indicating a growth of 149%[23] - The company reported a net income of $33.7 million for the three months ended June 30, 2020, compared to a net loss of $15.6 million for the same period in 2019[54] - Basic net income per common share for the three months ended June 30, 2020, was $3.28, while diluted net income per common share was $3.19[54] Assets and Liabilities - Total current assets increased to $386.1 million as of June 30, 2020, compared to $369.6 million as of December 31, 2019, reflecting a growth of approximately 4.4%[12] - Total liabilities decreased to $760.6 million as of June 30, 2020, down from $792.8 million, a reduction of about 4.1%[12] - The accumulated deficit improved to $(360.0) million from $(405.0) million, indicating a reduction in losses[12] - Long-term debt decreased to $111.0 million from $114.1 million, a reduction of about 2.9%[12] - The company reported a total stockholders' deficit of $(291.7) million, improved from $(336.9) million[12] - Cash and cash equivalents decreased to $119.3 million from $130.7 million, a decline of about 8.5%[12] Revenue Sources - Revenue from separative work units (SWU) and uranium sales for the three months ended June 30, 2020, was $63.4 million, compared to $2.6 million in the same period of 2019, representing a significant increase[23] - The LEU segment generated revenue of $63.4 million in the three months ended June 30, 2020, compared to $2.6 million in the same period of 2019[73] - The technical solutions segment generated revenue of $12.3 million in the three months ended June 30, 2020, compared to $8.0 million in the same period of 2019[73] - The Company collected approximately $32.4 million as a recovery on claims related to a long-term contract breach with FirstEnergy, included in SWU revenue for the six months ended June 30, 2020[70] Cash Flow and Operating Activities - Cash used in operating activities for the six months ended June 30, 2020, was $8.4 million, a reduction from $45.1 million in the same period of 2019, reflecting improved cash flow management[15] - The company reported a decrease in cash, cash equivalents, and restricted cash of $11.4 million for the six months ended June 30, 2020, compared to a decrease of $47.7 million in the same period of 2019[15] Customer Advances and Receivables - Accounts receivable rose to $31.2 million, up from $21.1 million, representing an increase of approximately 47.9%[12] - Advances from customers increased to $44.4 million as of June 30, 2020, from $29.4 million as of December 31, 2019, reflecting a growth of 51%[26] - Accounts receivable as of June 30, 2020, totaled $31.2 million, an increase from $21.1 million as of December 31, 2019, reflecting a growth of 48%[25] Inventory and Cost of Sales - Total cost of sales for the three months ended June 30, 2020, was $31.9 million, up from $14.9 million in the same period of 2019, indicating increased operational activity[14] - Uranium inventories as of June 30, 2020, amounted to $73.8 million, compared to $56.7 million as of December 31, 2019, indicating an increase of 30%[40] Legal and Regulatory Matters - The Company is involved in various legal proceedings, but does not believe these will have a material adverse effect on its financial condition[72] - The 2002 DOE-USEC Agreement requires the Company to develop advanced enrichment technology and deploy a commercial American Centrifuge Plant[60] Market and Operational Risks - The company continues to face risks related to market conditions and supply chain dependencies, particularly in the low-enriched uranium market[9] Accounting and Valuation - The company adopted new accounting standards in the first quarter of fiscal 2020, which did not have a material impact on its financial statements[20] - The company recognized an income tax benefit of $0.8 million in Q2 2020 due to the release of a valuation allowance on state net deferred tax assets[52] - The company maintains a full valuation allowance on its federal net deferred tax assets due to a three-year cumulative pretax loss position as of June 30, 2020[53] Supply Agreements - The company has commitments under the Russian Supply Agreement with TENEX, which includes minimum purchase obligations for SWU each year[55] - The Company entered into a long-term supply agreement with Orano for SWU contained in LEU, starting in 2020 and extending to 2028, with an option to extend for an additional two years[59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-14287 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (I.R.S. Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301) 56 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Commission file number 1-14287 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (IRS Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301) 564-3200 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbo ...

Centrus Energy Corp. (NYSE:LEU) Q4 2019 Results Conference Call March 26, 2020 8:30 AM ET Company Participants Dan Leistikow - VP, Corporate Communications Dan Poneman - President & Chief Executive Officer Philip Strawbridge - SVP, Chief Financial Officer, Chief Administrative Officer and Treasurer John Dorrian - Controller and Chief Accounting Officer Operator Greetings and welcome to the Centrus Energy Fourth Quarter 2019 Earnings Call. At this time, all participants are in a listen-only mode. A question- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-14287 Centrus Energy Corp. Delaware 52-2107911 (State of incorporation) (I.R.S. Employer Identification No.) 6901 Rockledge Drive, Suite 800, Bethesda, Maryland 20817 (301 ...