Emerald Horizon Ag · VIE:SMRX
Emerald Horizon — Investor Presentation (October 2026)
29 slides from Emerald Horizon's investor presentation, October 2026
Slide 1: Europe's only listed pure-play in advanced nuclear
EUROPE’S ONLY LISTED PURE-PLAY IN ADVANCED NUCLEAR. SCALABLE AND BEYOND CONVENTIAL NUCLEAR. SMR SUBCRITICAL MICROMODULAR REACTOR ENERGY STORAGE & ENERGY GENERATION ENERGY PRODUCTION CONFIDENTIAL
Slide 2: Solving problems with high impact potential
SOLVING PROBLEMS WITH HIGH IMPACT POTENTIAL RISK RISK Problem-Risk-Need- Critical chain reaction Volatile renewables Analysis or Transuranic nuclear or Pollution & waste ocean acidification No critical chain reaction <1 g CO₂/kWh in operation Pressure-free by design 24/7 baseload — independent of we
Slide 3: SMRX in action
SMRX IN ACTION ILLUSTRATIVE X-CONFIGURATION OF THE MODULAR SYSTEM SMRX units can be combined to provide an optimal level of system redundancy and operational resilience. Accelerator container shown in the illustration serves as the control unit for the accelerator assembly installed in a separate co
Slide 4: Use cases
USE CASES EXPANDING BEYOND CONVENTIONAL SMR APPLICATIONS Positioned in the 10 - 25 MW sweet spot — one of the largest addressable energy markets in the world (TAM – Total Addressable Market). Hydrogen AI & Data Critical Infrastructure Enhances Wind Upgrade Existing Production Centers & Military & So
Slide 5: SMRX - Subcritical Micromodular Reactor
SMRX - SUBCRITICAL MICROMODULAR REACTOR ONE SYSTEM – CONTAINER SIZE - MODULAR & SCALABLE E-store CALstore DUALstorePLUS Battery Storage (BESS) Heat Storage (TESS) 5 MWh LFP battery per module. ≥8,000 cycles 5 MWh molten salt per module. 200–550°C Hybrid energy Storage System · Modular 5–100 MWh ~94%
Slide 6: What is ADES?
WHAT IS ADES? ACCELERATOR DRIVEN ENERGY SOURCE The Concept: Thorium + Particle Accelerator + X-Amplifier → CO₂-free energy Why Thorium? Pioneer: Carlo Rubbia • 3x more abundant than uranium Nobel Prize in Physics 1984, CERN Director • 300-400x more abundant than U-235 Pioneer of the Energy Amplifier
Slide 7: VDL Groep
VDL GROEP INDUSTRIALIZATION PARTNER & KEY DE-RISKING ELEMENT CO-DEVELOPMENT & MANUFACTURING CONFIRMED €4.06bn 100+ 22 €190M 5-month due diligence Annual Turnover Companies Countries R&D / year PROOF What VDL delivers for Emerald Horizon VDL: 13,500+ people -Precision engineering, system integration
Slide 8: Regulatory de-risking
REGULATORY DE-RISKING NON-CRITICAL PATHWAY DUAL IDEAL WITH FLEET REGULATION 1. NON-Nuclear 2. Regulator-friendly Strategy Significant risk 3× Regulatory Friendly 3× Regulatory Friendly 3× Regulatory Friendly reduction Technical Facts Countries Expert Teams ▼ ▼ ▼ Not like normal DUALstorePLUS No crit
Slide 9: Income de-risking - X-Multiplier
INCOME DE-RISKING - X-MULTIPLIER TARGETING ATTRACTIVE & PREDICTABLE PRICE FOR CLIENTS AND PROFIT FOR INVESTORS Target: Flex margin Our aim is to buffer potential cost overruns through the flex margin. Aiming to create additional negotiation flexibility on prices and terms X Multiplication Profits mu
Slide 10: The 10MW sweet spot for scalability
THE 10MW SWEET SPOT FOR SCALABILITY MAXIMUM IMPACT & MINIMUM RISK Longest possible use-case list Container-based Design & Scalable Technology 10 MW is large enough to cover many markets – and small enough to remain Built on proven technologies, enabling global, cost-efficient logistics and flexible.
Slide 11: The company in one page
THE COMPANY IN ONE PAGE Two products. One platform. A policy tailwind. WHO WE ARE COMPANY & AMBITION Emerald Horizon AG A 10-year master plan to industrial-scale clean power Deep-tech scale-up building the platform behind Europe's Founded 2019, Emerald Horizon develops both an advanced modular, ship
Slide 12: Listing milestone
LISTING MILESTONE ON THE VIENNA STOCK EXCHANGE SINCE JUNE 26TH 2026 Ticker: SMRX (Vienna Stock Exchange) ISIN AT0000A3UZE1 Company: Emerald Horizon AG Share Price Development – SMRX Group Structure: 3 subsidiaries (USA, Slovakia, EaaS spv) and 2 equity participations End-of-day share price developme
Slide 13: DUALstorePLUS
DUALstorePLUS ENERGY STORAGE CONFIDENTIAL
Slide 14: DUALstorePLUS - Modular to MWh
DUALstorePLUS MODULAR 5 TO 100 MWh Hybrid storage combining heat (TESS) & electricity (BESS). Inputs: Stand-alone product today – integral building block for the Thorium Generator (ADES) tomorrow. ORDER NOW – DELIVERY SOON Configurable to client-needs : 0–10 modules per TESS or BESS + 1 MCU – AI Con
Slide 15: DUALstorePLUS - How it works
DUALstorePLUS HOW IT WORKS DUAL input DUAL output AI-generated image – fictional illustration 15
Slide 16: CALstore (TESS)
CALstore (TESS) MOLTEN SALT HEAT STORAGE – REAL HARDWARE PROTOTYPE CELL 1 Cell -> 1 Container -> Serial Production @ VDL READY & VALIDATED Government-funded (FFG) – Ongoing audits 5 MWh molten salt heat storage – stand-alone & integral building block for ADES. Stand-alone product + Part of DUALstore
Slide 17: ADES technology, modularity and operation
ADES TECHNOLOGY, MODULARITY & OPERATION FUSION of 5 Core Components 1 ADES ~ 25 MW Injector (Accelerator) Generates protons/neutrons to initiate and control the thorium reaction (thermal) · ~10 MW electric · 20-year lifetime X-Amplifier Box Amplifies the neutron flux from the accelerator Scalable: c
Slide 18: SMR
CONFIDENTIAL Emerald LaboraTHorium Karl-Huber-Gasse 15 A-8041 Graz www.emerald-horizon.com SMR SUBCRITICAL MICROMODULAR REACTOR ENERGY STORAGE & ENERGY GENERATION . AI-generated image – fictional illustration AI-generated image – fictional illustration AI-generated image – fictional illustration AI-
Slide 19: Appendix: De-risking
emerald horizon £4 Energy. Everywhere. “ b/] APPENDIX DE-RISKING
Slide 20: De-risking overview
APPENDIX DE-RISKING OVERVIEW READ THIS APPENDIX AS A MAP Five material risks. Five de-risking responses. The following pages show the evidence. 01 RISK THE RISK HOW EMERALD IS DE-RISKING IT EVIDENCE State it openly PRE-REVENUE DUALstorePLUS EARNS FIRST TIMING & 01 FY25 revenue: €0.2m. Group breakeve
Slide 21: Team de-risking
TEAM DE-RISKING BRAINS BEHIND EMERALD HORIZON EXECUTIVE TEAM Leaders with experience at the World Bank, the IMF, the ECB, the Austrian National Bank and in the Austrian federal government. CEO Florian Wagner Prof. Dr. Robert Holzmann Ing. Norbert Hofer, MBA DI Dr. Mario J. Müller MMag. Philipp Pölzl
Slide 22: Financial de-risking
FINANCIAL DE-RISKING WE DON’T NEED BILLIONS IN EQUITY Conventional Plant Risk €6,900M Eliminated 1 GW Plant → Container-Size Modules No large power plant construction risk. Modular container units eliminate megaproject cost overruns. Grid €3,086M Infrastructure Avoided Distributed Grid → No Grid Inf
Slide 23: Several potential funding pathways
FINANCIAL DE-RISKING SEVERAL POTENTIAL FUNDING PATHWAYS €75M SMRX – ADES prototype cost assumption 1 Commitment from CEO Florian Wagner (Carl Page, Philipp Pölzl, ..) €50M for prototype €5M initial investment + €20M follow-on investment = €25M total (EQS News ID: 2356964) development (TRL4.5->6) & €
Slide 24: Technical de-risking
TECHNICAL DE-RISKING FROM GW VISION TO PROVEN PHYSICS WHY THIS WORKS LEVEL 1 The Particle Accelerator Proven Core Technology From their origins in medical applications to future laser-based technologies, particle accelerators TRL 9 accelerator technology is already proven in continue to evolve. Emer
Slide 25: Progress de-risking
PROGRESS DE-RISKING FROM IDEA TO SERIAL PRODUCTION – X SCALING NOW From Zero to Trillions Idea R&D Simulation R&D Hardware Business Plan Phase 1 product Phase 2 product Needs analysis Med Tech (AD–BNCT) & Team Concept Container design for energy Construction of the Completion of prototype Transition
Slide 26: ADES prototype setup
ADES PROTOTYPE SETUP CO-DEVELOPMENT - SERIAL PRODUCT TRL 9 PUMP TIER-1 execution partner CONTAINMENT: HTHX Co-Development isolation, shielding to achieve TRL 9 THORIUM – MOLTEN SALT – LOOP Manufacturing INJECTOR Supply Chain (Accelerator) A HTHX X-AMPLIFIER BOX AI-generated image – fictional illustr
Slide 27: Timing de-risking readiness
TIMING DE-RISKING READINESS READINESS VALUATION TRIGGERS Readiness scorecards (current) Milestone de-risking: readiness scorecards translate technical, regulatory, and commercial progress into valuation step-ups. Timeline and near-term milestone triggers 2026 2027 2028+ DUALstore PLUS readiness (E-s
Slide 28: SMR
CONFIDENTIAL Emerald LaboraTHorium Karl-Huber-Gasse 15 A-8041 Graz www.emerald-horizon.com SMR SUBCRITICAL MICROMODULAR REACTOR ENERGY STORAGE & ENERGY GENERATION . AI-generated image – fictional illustration AI-generated image – fictional illustration AI-generated image – fictional illustration AI-
Slide 29: Disclaimer
DISCLAIMER The information provided in this presentation, in particular the general information regarding Emerald Horizon AG (the “Company”), is intended for information purposes only. The content of this presentation and the information contained herein do not constitute an offer to sell or a solic
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