CCO Corporate Profile 032017
Corporate Profile
Energizing
The World
Cameco is one of the world’s largest uranium producers and a leading supplier of nuclear fuel services for the generation of electricity. Cameco’s vision is to energize the world as the global leader of fuel supply for clearn-air nuclear power. Our mission is to bring the multiple benefits of nuclear energy to the world. Nuclear power is a safe, clean, reliable and affordable baseload energy source, and an important part of the energy mix. We’re seeing strong
growth in nuclear capacity in regions with fast growing populations and economies like China and India. Cameco has world-class assets including an extensive base of mineral reserves and resources and diversified sources of supply. These assets are complemented by participation in other parts of the nuclear fuel cycle, producing fuel and components for reactors around the world. Our strategy is to focus on our tier-one assets and profitably produce at a pace aligned with market signals in order to increase long-term shareholder value. We do so with an ever-present focus on safety, people and the environment.
Our Locations Cigar Lake Operation McArthur River Mine Key Lake Mill Rabbit Lake Operation
Millennium Project
CANADA Cameco Corporate Headquarters
Blind River Refinery Port Hope Conversion Facility
UNITED STATES North Butte
NUKEM Inc.
Smith RanchHighland Operation
Cameco Inc.
Crow Butte Operation
NUKEM GmbH
EUROPE
Inkai Operation
KAZAKHSTAN Inkai Operation Shymkent Office
Cameco Fuel Manufacturing Cameco Europe Ltd.
Cameco Resources Office
Kintyre Project
AUSTRALIA Yeelirrie Project Cameco Australia Office
Outstanding Financial Performance Financial Highlights for 2016 ($ millions except where indicated) Revenue
2,431
Gross profit
463
Net earnings attributable to equity holders $ per common share (diluted)
(62) (0.16)
Adjusted net earnings (non-IFRS, see page 25 of 2015 4th Quarter MD&A) $ per common share (adjusted & diluted)
143 0.36
Cash provided by continuing operations (after working capital changes)
312
Our Businesses Spanning the nuclear fuel cycle, Cameco’s businesses are focused on energizing the world with safe, clean and reliable nuclear power.
URANIUM
FUEL SERVICES
SUPPLYING UTILITIES
Cameco is a world leader in low-cost uranium production. We provide about 17% of world mine production from our operations in Canada, the United States and Kazakhstan.
Cameco is a leading supplier of uranium processing services required to produce fuel for nuclear power generation.
Our wholly-owned subsidiary, NUKEM, is one of the world’s leading uranium market intermediaries.
Our operations and projects are diversified by geography and deposit type, and backed by extensive mineral reserves and resources. All of Cameco’s operations demonstrate the company’s high standards for safety, health and environmental performance.
Our fuel services division in Ontario operates the world’s largest commercial refinery, controls about 25% of the world UF6 conversion capacity, and is a leading manufacturer of fuel assemblies and reactor components for heavy water reactors.
Through NUKEM Inc in the US and NUKEM GmbH in Germany, we source uranium concentrates, conversion and enrichment services from long-standing supply partners and sell the material and services to blue-chip electric utilities to produce fuel for their commercial nuclear reactors.
Measures of Success
SAFE, HEALTHY AND REWARDING WORKPLACE Industrial Safety
Radiological Safety
A Top Employer
Low lost-time injury rate in
The average radiation dose to site
With more than 3,500 people
2016 of 0.17 per 200,000
workers is consistently less than
(including contractors) working
hours worked.
5% of the regulated annual limit
at 10 operations, Cameco
for nuclear energy workers and
has been recognized as a top
below typical doses from natural
Canadian employer for eight
background radiation.
consecutive years.
Environmental Performance
Continual Improvement
A Tiny Footprint
Nine consecutive years
Extensive monitoring at all
kilometers, our McArthur River
with zero significant
operations with over 85,000 soil,
and Cigar Lake operations
environmental incidents.
water and air samples tested
combined (100% basis) produce
annually at North American
enough uranium each year
operations.
to meet about 39% of all US
CLEAN ENVIRONMENT From less than seven square
household electricity demands.
Aboriginal Employment Canada’s largest industrial employer of aboriginal people.
Public Support
Community Investment
Strong public support wherever
$25 million invested in local
we operate; averaging 82.75%
communities over the past five
in 2016.
years.
Cameco Corporation 2121 11th Street West, Saskatoon, Saskatchewan Canada S7M 1J3
All amounts stated are CDN$ (unless noted)
Common Shares: TSX – CCO | NYSE – CCJ www.cameco.com
03 - 2017
SUPPORTIVE COMMUNITIES
Energizing
The World
Cameco is one of the world’s largest uranium producers and a leading supplier of nuclear fuel services for the generation of electricity. Cameco’s vision is to energize the world as the global leader of fuel supply for clearn-air nuclear power. Our mission is to bring the multiple benefits of nuclear energy to the world. Nuclear power is a safe, clean, reliable and affordable baseload energy source, and an important part of the energy mix. We’re seeing strong
growth in nuclear capacity in regions with fast growing populations and economies like China and India. Cameco has world-class assets including an extensive base of mineral reserves and resources and diversified sources of supply. These assets are complemented by participation in other parts of the nuclear fuel cycle, producing fuel and components for reactors around the world. Our strategy is to focus on our tier-one assets and profitably produce at a pace aligned with market signals in order to increase long-term shareholder value. We do so with an ever-present focus on safety, people and the environment.
Our Locations Cigar Lake Operation McArthur River Mine Key Lake Mill Rabbit Lake Operation
Millennium Project
CANADA Cameco Corporate Headquarters
Blind River Refinery Port Hope Conversion Facility
UNITED STATES North Butte
NUKEM Inc.
Smith RanchHighland Operation
Cameco Inc.
Crow Butte Operation
NUKEM GmbH
EUROPE
Inkai Operation
KAZAKHSTAN Inkai Operation Shymkent Office
Cameco Fuel Manufacturing Cameco Europe Ltd.
Cameco Resources Office
Kintyre Project
AUSTRALIA Yeelirrie Project Cameco Australia Office
Outstanding Financial Performance Financial Highlights for 2016 ($ millions except where indicated) Revenue
2,431
Gross profit
463
Net earnings attributable to equity holders $ per common share (diluted)
(62) (0.16)
Adjusted net earnings (non-IFRS, see page 25 of 2015 4th Quarter MD&A) $ per common share (adjusted & diluted)
143 0.36
Cash provided by continuing operations (after working capital changes)
312
Our Businesses Spanning the nuclear fuel cycle, Cameco’s businesses are focused on energizing the world with safe, clean and reliable nuclear power.
URANIUM
FUEL SERVICES
SUPPLYING UTILITIES
Cameco is a world leader in low-cost uranium production. We provide about 17% of world mine production from our operations in Canada, the United States and Kazakhstan.
Cameco is a leading supplier of uranium processing services required to produce fuel for nuclear power generation.
Our wholly-owned subsidiary, NUKEM, is one of the world’s leading uranium market intermediaries.
Our operations and projects are diversified by geography and deposit type, and backed by extensive mineral reserves and resources. All of Cameco’s operations demonstrate the company’s high standards for safety, health and environmental performance.
Our fuel services division in Ontario operates the world’s largest commercial refinery, controls about 25% of the world UF6 conversion capacity, and is a leading manufacturer of fuel assemblies and reactor components for heavy water reactors.
Through NUKEM Inc in the US and NUKEM GmbH in Germany, we source uranium concentrates, conversion and enrichment services from long-standing supply partners and sell the material and services to blue-chip electric utilities to produce fuel for their commercial nuclear reactors.
Measures of Success
SAFE, HEALTHY AND REWARDING WORKPLACE Industrial Safety
Radiological Safety
A Top Employer
Low lost-time injury rate in
The average radiation dose to site
With more than 3,500 people
2016 of 0.17 per 200,000
workers is consistently less than
(including contractors) working
hours worked.
5% of the regulated annual limit
at 10 operations, Cameco
for nuclear energy workers and
has been recognized as a top
below typical doses from natural
Canadian employer for eight
background radiation.
consecutive years.
Environmental Performance
Continual Improvement
A Tiny Footprint
Nine consecutive years
Extensive monitoring at all
kilometers, our McArthur River
with zero significant
operations with over 85,000 soil,
and Cigar Lake operations
environmental incidents.
water and air samples tested
combined (100% basis) produce
annually at North American
enough uranium each year
operations.
to meet about 39% of all US
CLEAN ENVIRONMENT From less than seven square
household electricity demands.
Aboriginal Employment Canada’s largest industrial employer of aboriginal people.
Public Support
Community Investment
Strong public support wherever
$25 million invested in local
we operate; averaging 82.75%
communities over the past five
in 2016.
years.
Cameco Corporation 2121 11th Street West, Saskatoon, Saskatchewan Canada S7M 1J3
All amounts stated are CDN$ (unless noted)
Common Shares: TSX – CCO | NYSE – CCJ www.cameco.com
03 - 2017
SUPPORTIVE COMMUNITIES
