Slide 1: Second Quarter 2022 Corporate Update
Second Quarter 2022 Corporate Update August 12, 2022 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: Q2 Update: Making Strong Operational Progress
Q2 Update: Making Strong Operational Progress OPERATIONS FEEDSTOCK COMMERCIAL FINANCE • Ironton flagship facility • Ironton Feed PreP • FDA: Received • Senior debt project (expected 107M lbs operations expected to prenotification letter for two financing for Augusta Lines capacity) targeting come on
Slide 4: Continuing Our Global Path to a Billion Pounds per year
Continuing Our Global Path Installed to a Billion Pounds per year Capacity 107 367 887 2023 2024 2025 Ironton 130 Augusta #1 130 627 Augusta #2 Augusta #3 Augusta #4 Europe Ulsan, SK Japan (Mitsui) Mechanically Resin Production Complete (Ramp to Full Scale) * Completion dates for all manufacturing b
Slide 5: Ironton Schedule Update
Ironton Schedule Update • 14 out of 26 modules Beaumont, TX Ironton, OH delivered and lifted Construction Installation in place • Nearing completion of PreP buildout; initial commissioning underway • Ironton project tracking for mechanical Beaumont, TX Module Delivery Ironton, OH Installation comple
Slide 6: Augusta Project Update
Augusta Project Update • Engineering activities are on track, long lead equipment is on order, key construction contracts are in place, and minor site work has commenced • Significant progress developing Feed PreP operations; first PreP facility is 90% complete Ops • Augusta project leveraging the s
Slide 7: US PreP Strategy: Ironton vs Augusta
US PreP Strategy: Ironton vs Augusta Ironton Augusta • Ironton • Orange County, FL PreP • Augusta, GA Location • Denver, PA Ironton, OH Denver, PA 126M lbs. capacity 175M lbs. sort capacity Startup 2022 Startup 2023 High PP% Yield Streams Lower PP% Yield Streams Target • High #5 Bales • Low #5 Bales
Slide 8: Executing on Our Feed PreP Strategy
Executing on Our Feed PreP Strategy OH PA 2023 2024 GA FL Overview Operations Feedstock Commercial Finance 8
Slide 9: >100% of Feedstock for Augusta Lines 1&2 Under LOIs
>100% of Feedstock for Augusta Lines 1&2 Under LOIs Feedstock Pipeline Augusta Lines 1&2 • Augusta Lines 1&2 feedstock is fully (Millions Pounds) secured under LOIs with a coverage ratio of 1.14x; Team is now focused on securing 938 feedstock for Augusta Lines 3&4 • R&D focus to target new feed stre
Slide 10: Detailed Application Discussions with Brand Owners
Detailed Application Discussions with Brand Owners Sales Pipeline Augusta 1&2 (Million Pounds) • Ironton sold out; Effort now focused on final 345 application development with brand managers • Augusta Lines 1&2 are 70% allocated. Larger 183 sales pipeline available to help fill unsold inventory Allo
Slide 11: Completed Step with FDA
Completed Step 1 with FDA • Prenotification letter indicates that an FDA LNO has been achieved • Current approval is for food-grade post-industrial A-H and food-grade post- consumer, stadium trash E-G • Familiarized FDA with PureCycle purification technology • Established future testing methodology
Slide 12: Q2 Liquidity and Changes from Prior Quarter
Q2 Liquidity and Changes from Prior Quarter (IN MILLIONS) Mar. 31, 2022 June 30, 2022 change Summary of Cash and Cash Equivalents $198.2 $118.5 $(79.7) Liquidity Changes Debt Securities Available for Sale 219.8 231.3 11.5 Total Unrestricted $418.0 $349.8 $(68.2) • Unrestricted Cash Restricted Cash •
Slide 13: PureCycle Continues to Execute
PureCycle Continues to Execute 1 Ironton on-track for Q4 2022 pellet production; Augusta construction underway 5 Feedstock PreP strategy is on track with Ironton and Central Florida startup in 2022 2 6 FDA Prenotification Letter received for Continue to broaden the end applications Food-Grade Post-I
Slide 14: Second Quarter 2022 Corporate Update
Second Quarter 2022 Corporate Update August 12, 2022 14