Slide 1: First Quarter 2021 Corporate Update
First Quarter 2021 Corporate Update May 17th, 2021 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this Presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including
Slide 3: PCT Is Committed to Our Mission: A Pure Planet
PCT Is Committed to Our Mission: A Pure Planet Limited Use Mechanically recycled polypropylene (rPP) is grey or black, odorous and non-food grade which results in limited consumer applications < 1% Recycling Rate Less than 1% of PP is collected and mechanically recycled today vs. nearly 20% of polye
Slide 4: Execution Roadmap
Execution Roadmap Process and Initial technology reviewed development by multinational Line of engineering First line of strategic partners and cluster plant purification independently begins on process cluster plant comes online by Leidos summer 2023 Global and U.S. Ironton, Ohio facility (Plant 1)
Slide 5: Company Highlights
Company Highlights ➢ 350+ tests conducted at lab scale over the last 7+ years with over Proprietary and 170 feedstocks evaluated Proven ➢ Technology independently evaluated by independent engineer; Technology Feedstock Evaluation Unit (FEU) operating since July 2019 ➢ Plant 1 is fully funded and und
Slide 6: Our Technology is Solid – Operational Excellence Will Drive Strong Results
Our Technology is Solid – Operational Excellence Will Drive Strong Results Strong Foundational Demonstrated Critical Business Technology Success Execution Elements Patent/Application Description ▪ Year over year capacity Number improvements at FEU; 2021 99820661 Method for Purifying Contaminated Pol
Slide 7: Construction of Ironton Facility (Plant 1) is On Track
Construction of Ironton Facility (Plant 1) is On Track PURIFY WASTE PP Excavation Nearly Q1 2021 Operational Warehouse Prep On Track Complete Accomplishments ▪ Final engineering and procurement activities are on track, utilities purchased, and purification engineering at 90% review ▪ Plant 1 is on t
Slide 8: Plant 1 is 7 Months into Construction; Plant 2 Line Engineering Began in April
PURIFY WASTE PP Plant 1 is 7 Months into Construction; Plant 2 Line Engineering Began in April (As Planned), Capacity Optimized to 130M per Plant Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2020 2021 2022 2023 2024 Ironton, Ohio Line 1 Cluster 1 (Five Lines) Annual Plant Capacity: 130M lbs Li
Slide 9: We are Competitively Positioned to Source Feedstock from Both Curbside and Non-Curbside PP Waste
We are Competitively Positioned to Source Feedstock from FIND WASTE PP Both Curbside and Non-Curbside PP Waste Streams Post Post Consumer Consumer Post Industrial Advocacy Curbside Non-Curbside • Direct from • New PP collection • #5 bales • Co-recycling manufacturing • PP conversion • #3-#7 bales •
Slide 10: We Use a Variety of Pricing Mechanisms to Reduce Pricing Risk
We Use a Variety of Pricing Mechanisms to Reduce Pricing SELL PURIFIED PP Risk While Maintaining Average Pricing Above $1 per Pound Low C A Index + Premium Feedstock Pricing Risk based on virgin pricing plus a premium B Fixed Price Reflect a flat price, de-linked from B the price of virgin ($1-$2 pe
Slide 11: Update on PureCycle Capital Resources Available
Update on PureCycle Capital Resources Available Capital Raised Since Q4 2020: $732M Capital Uses DESCRIPTION AMOUNT Plant 1 project fund (Ironton, OH) $244M ✓Closed $250M in senior and subordinated debt and $60M Various required reserves $73M convertible note (October 2020) General corporate purpose
Slide 12: Near-Term Strategic & Tactical Focus
Near-Term Strategic & Tactical Focus Bring Plant 1 Online ➢ Maintain construction schedule Market Demand ➢ Develop best-in-class SOPs and Remains Strong operational processes Execute Beyond Plant 1 ➢ Discussions in process with Team Assembled and leading financial institutions to Focused on Executio