Purecycle Technologies, Inc. · NASDAQ:PCT
Purecycle Technologies — Corporate Update (November 2021)
18 slides from Purecycle Technologies's corporate update, Nov 11, 2021
Slide 1: Third Quarter 2021 Corporate Update
Third Quarter 2021 Corporate Update November 11, 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: Q3 Company Update
Q3 Company Update OPERATIONS FEEDSTOCK COMMERCIAL FINANCE • Ironton progressing • Identified 1.6-billion-pound • Active customer • Ended Q3 2021 with according to schedule; feedstock supply pipeline discussions representing $494M in total cash and Purification operational 277M pounds across investme
Slide 4: We Remain Focused on Expanding our Footprint
We Remain Focused on Expanding our Footprint Titus GEO Centric (SK) Mitsui (JP) Beaumont, TX Ironton, OH Augusta, GA Winter Garden, FL MOU Module Fabrication PreP Facilities Purification Site Selection Underway 4
Slide 5: Evolving Consumer Trends are Driving Change
Evolving Consumer Trends are Driving Change Consumer Trends Product Trends PureCycle Actions 450% Filed for Conditions A-H growth in search for Major brands PCR “sustainable products” through Google between content packaging goals by 2025 25% Commercial 2016 and 20201 Current global 1st Product Awai
Slide 6: Global Expansion Update
Global Expansion Update Ironton OPERATIONS • On schedule for Q4 2022 startup; Module equipment deliveries expected in Q2 2022 • Delays noted in Leidos’ September ‘21 report are non-critical path activities; includes rail works and final building modifications • Approximately 33% of the cost overruns
Slide 7: Augusta Project Details
Augusta Project Details OPERATIONS 5 6 1 2 3 4 7 FEEDSTOCK 8 COMMERCIAL • Purification Lines (1&2 on Map) • Project Financing Update • Base design accommodates up to 8 • Maintaining Augusta schedule depends on purification lines, currently planned for 5 securing financing • Developing construction a
Slide 8: The Path to Billion Pounds of Production in 2025
Q3 The Path to 1 Billion Pounds of Production in 2025 2020 2021 2022 2023 2024 2025 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Total Installed Capacity (M lbs/Qtr) 107 107 107 237 367 497 627 887 1,147 1,254 1,254 1,254 1,254 OPERATIONS Ironton, Ohio Plant (107M lbs) Annual Line
Slide 9: Our PreP Strategy
Our PreP Strategy PrePs are regional preprocessing facilities that OPERATIONS sort, wash, and densify feedstock to prepare What for purification. & Designed to minimize shipping yield loss and Why develop local supply relationships. Unique pricing hedge opportunity for PCT. FEEDSTOCK Designed to pro
Slide 10: Building a Sustainable Feedstock Advantage
Building a Sustainable Feedstock Advantage What We’re Doing OPERATIONS Build Develop Leverage Secure 1 …To Support Feedstock Targeted Feed Prep to billion 2025 Network Regions Harvest PP pounds of Sustainability feedstock… Goals FEEDSTOCK Unsorted Feed Sorted Purification UPRP Resin Feedstock PreP P
Slide 11: 1.6B Pounds of Feedstock Identified; 168M New LOIs
1.6B Pounds of Feedstock Identified; 168M New LOIs OPERATIONS Post-Consumer • 275M pounds of opportunities identified Curbside • 10% are diverted landfill/incinerated opportunities 1 Goal 2 • Segregated bales • 14M pounds LOIs signed in Q3 1B pounds • Comingled bales • 30M pounds contracted FEEDSTOC
Slide 12: Partnerships that Drive Circularity
PureCycle Awareness PureZeroTM Program Partnerships that Drive Circularity 12
Slide 13: Sustainability Goals Driving PCT Sales Pipeline
Sustainability Goals Driving PCT Sales Pipeline Pipeline* by End-Use Sector OPERATIONS (Millions pounds) Goal Packaging 571 1B pounds Phase 1 First movers on sustainability FEEDSTOCK Consumer Goods 35 Health 14 Phase 2 More complex 625 product Auto 5 Contracting development COMMERCIAL 21% cycle Allo
Slide 14: Ultra-Pure Recycled Polypropylene
Simple Closure 100% PCT Resin Ultra-Pure Recycled Polypropylene EC30 Case 95% PCT Resin 1st Commercial Blow Molded Bottle Product 50% PCT Resin Storage Container 100% PCT Resin Hinge Closure 100% PCT Resin PureCycled Polypropylene…from Post-Consumer Feedstock 14
Slide 15: Liquidity Position of $494M
Liquidity Position of $494M OPERATIONS September 30, 2021 (in millions) Debt Service Reserve Cash and Cash $21.0 Equivalents FEEDSTOCK $36.5 Capitalized Debt Interest Unrestricted Plant 1 Securities Restricted Cash and Project Reserve Available Cash Investments Fund $43.8 for Sale $273.0 $221.1 $156
Slide 16: Q3 Liquidity and Changes from Prior Quarter
Q3 Liquidity and Changes from Prior Quarter (IN MILLIONS) June 30, 2021 Sept. 30, 2021 change Summary of OPERATIONS Cash and Cash Equivalents $37.7 $36.5 $(1.2) Liquidity Changes Debt Securities Available for Sale 200.4 184.6 (15.8) Total Unrestricted $238.1 $221.1 $(17.0) • $494.1M Available Restri
Slide 17: Key Takeaways for Today
Key Takeaways for Today 1 Ironton remains on-track for Q4 2022 operation 5 Strong pipeline with 277M pounds in active discussion 2 Invested in purification capability improvements in Ironton 6 FDA Letter of No Objection “LNO" submission complete 3 1.6 billion pounds of feedstock identified; 168M in
Slide 18: One Goal, A Pure Planet.
One Goal, A Pure Planet. 18
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