.1 The Babcock & Wilcox Company Company Overview Clean Energy Technologies and Services Mission Critical Defense Contractor.

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The Babcock & Wilcox CompanyCompany Overview

Clean Energy Technologies and ServicesMission Critical Defense Contractor

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A Global Energy BusinessEstablished in 1867Operates engineering design, service and

manufacturing facilities in 32 countries Installed electricity generation capacity of

more than 300,000 MW in more than 80 countries

Provided more than 300 nuclear steam generators to customers worldwide

Manufactured and supplied 12% of the 1.8 million MW of total coal-fired generating capacity worldwide*

Headquarters: Charlotte, NC, USA

CEO: James Ferland

Employees ~22,000 (includes JVs)

Ticker Symbol: NYSE:BWC

2012 Financials: $3.3B Sales, $5.7B Backlog

*includes B&W and its licensees

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The Babcock & Wilcox Company

Babcock & Wilcox Nuclear Energy, Inc.

Nuclear component design, manufacturing and installation

Diagnostics, maintenance and repair

Field services Plant modifications

Babcock & Wilcox mPower, Inc.

Design, development and deployment of B&W mPowerTM

small modular reactor

Government Commercial

Babcock & Wilcox Technical Services

Group, Inc.

Nuclear material handling, storageand security

Environmental management

Safeguards and security

Nuclear laboratories

Coal-fired power generation

Environmental/emissions control systems

Renewable energy systems

Service, operationand maintenance

Construction services

Babcock & WilcoxPower Generation

Group, Inc.

Babcock & Wilcox Nuclear Operations

Group, Inc.

Virginia-Class submarine program

Ford-Class carrier program

Refueling Fuel processing

and fabrication HEU downblending

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B&W Commerce in the Commonwealth of Virginia

• Employ 2,600 people in Virginia• $180 million total annual

payroll• Purchase more than $70 million

of goods and services in Virginia• Pay over $16 million in Virginia

corporate income, unemployment, use and property taxes annually

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B&W Locations in Virginia

B&W mPowerReactor Engineering & Design

Fuel Technology Center

B&W Nuclear Operations GroupHeadquartersLynchburg Facility

B&W Technical Services GroupHeadquartersLynchburg Technology Center

Lynchburg

Forest

B&W mPowerIntegrated Systems Test (IST)Facility

B&W Nuclear Energy Nuclear Services

B&W Power Generation GroupService Center

Newport News

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Beijing, China

Esbjerg, Denmark

Cambridge, Ontario(Canada)

Barberton, OH

Lancaster, OH

Monterrey, Mexico

West Point, MS

Dumbarton, Scotland

Melville, SK(Canada)

Copley, OH

Hubei, China

Manufacturing Plant Square Ft. Main Products

Beijing, China, JV 1,175,000 Boilers, scrubbers

West Point, Mississippi 275,000 Boilers, burners, FMs

Cambridge, Ontario 273,000 Boilers, nuclear, pulp & paper

Barberton, OH (Foundry) 197,000 Boiler and pulverizer castings

Pune, India (Under Construction) 699,000 Boilers

Euclid, OH 325,000 Nuclear components

Mt. Vernon, IN 580,000 Nuclear components

Melville, Saskatchewan 56,000 Pressure parts

Monterrey, Mexico 96,000 Pressure parts

Worldwide Manufacturing Facilities

Mt. Vernon, IN

Euclid, OH

Pune, India

Straubing, Germany

Manufacturing Plant Square Ft. Main Products

Esbjerg, Denmark 134,000 CHP/WTE boilers

DPII, Dumbarton, Scotland 102,000 Boiler cleaning equipment

DPII, Hubei, China 249,000 Boiler cleaning equipment

DPII, Lancaster, OH 453,000 Boiler cleaning equipment

Loibl A-S-H, Straubing, Germany 37,700 Material handling equipment

Copley, OH (Service Center) 130,000 Wear parts, pulverizer rebuilds

KVB-Enertec, Hatfield, PA 3,000 Emissions monitoring

Folkston, GA 110,000 Precipitator components, mechanical

Newport News, VA 5,000 Precipitator components, electrical

Hatfield, PA

Newport News, VAFolkston, GA

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A Leader in Energy Technology• Today – a leader in clean energy technologies for fossil, renewable and nuclear fuels• First installed electric power utility boiler in 1881• Manufactured and supplied 12% of the 1.8 million MW of total coal-fired generating

capacity worldwide• The only North American company to continuously manufacture nuclear steam

generators for the industry since the 1950s• More than 80 years of experience with waste-to-energy systems• Selected to be the first to develop and deploy nuclear small modular

reactor technology

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Highly Efficient Ultra-Supercritical Boilers

• Use less fuel and produce lower emission

• Worldwide, 10 new B&W and JV ultra-supercritical boilers scheduled for startups 2012-2013

• Providing cleaner, more efficient power to Louisiana and Texas through new 600MW B&W boiler

Heat Recovery Steam Generators• Generate high pressure, high

temperature steam from waste heat recovered from gas turbine exhaust gas

• Combined cycle power or cogeneration

• Operate turbines at optimal capacity

Steam Generation

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Renewable Energy• Waste to energy • Biomass combustion

and gasification• Concentrating solar power

B&W is the supplier of technologies and O&M services for Florida’s Palm Beach County Renewable Energy Park, one of the largest WTE facilities in the world.

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A Complete Portfolio of Environmental Systems• Technologies to control sulfur oxides, nitrogen oxides, particulate

matter, mercury and other hazardous air pollutants• Carbon capture research and demonstration• Emissions monitoring and reporting systems• Wastewater and ash management• Upgrades, services and construction

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B&W’s History in Nuclear Energy

Decades of Proven Nuclear Capabilities and Knowledge

c. 1945Components for Manhattan Project

c. 1953 - presentComponents for Nuclear Navy

c. 1960s - present Components for commercial nuclear power

c. 2009 – present Developing and deploying small modular reactor

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Nuclear Equipment Design and Manufacture

Spent fuel storage container Heat exchanger tube bundle

PWR Once-Through-Steam-Generator

North America’s largest nuclear clean room

Reactor vessel closure head

• Supplied the nuclear industry with more than 1,300 large, heavy components

• Provided more than 300 new and replacement steam generators to customers worldwide

• Own and operate North America’s largest nuclear assembly clean room

• ASME N-Stamp certification

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Nuclear Steam Generator Services

• Inspection, repair and maintenance services of existing commercial nuclear fleet• Services enable life extension of Steam

Generators and improve efficiency• Utilizing advanced tooling, robotics and

processes to reduce worker dose and overall project schedule

• State-of-the art training facilities using realistic mockups and scenarios to enhance safety and spatial awareness

• Expertise: Tube sludge lancing, tube inspection and plugging, visual inspection, in-situ pressure testing and pressure boundary modifications

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What is a Small Modular Reactor (SMR)?

• Less than 300 MWe

• Integral nuclear system module

• Simplified design

• Factory built

• Installed underground

Great potential to support wider deployment of nuclear energy, create jobs and provide energy security

B&W mPower™ Integral Reactor

Traditional 2 Loop Pressurized Water Reactor

From ThisTo This

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Benefits of Developing SMR Technology in the U.S.

• Largest operating nuclear fleet provides skilled workforce

• R&D community fostered through numerous universities and national laboratories

• U.S. government support for research and licensing of new technologies

• Small-sized utilities drives national need for smaller reactors

• Strong regulator with active new plant licensing program

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The Babcock & Wilcox Company• Global company with more than a century of operating

experience and state-of-the-art technology

• Long history of creating jobs and new technologies in the Commonwealth of Virginia

• Committed to our Nation’s defense as a long-standing supplier to the U.S. Government

• Focused on delivering a portfolio of Clean Energy solutions, including the development of SMRs, carbon capture, clean coal and other 21st century energy technologies