Purecycle Technologies, Inc. · NASDAQ:PCT
Purecycle Technologies — Q1 2022 Earnings Presentation
12 slides from Purecycle Technologies's earnings presentation, May 12, 2022
Slide 1: First Quarter 2022 Corporate Update
First Quarter 2022 Corporate Update May 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: Q1 Update: Making Strong Operational Progress
Q1 Update: Making Strong Operational Progress OPERATIONS FEEDSTOCK COMMERCIAL FINANCE • Ironton flagship facility • Ironton operational details • Continue to expand • Executed Q1 private remains on Schedule; expect are in place and awaiting commercial agreement placement of $250M pellets in Q4 2022
Slide 4: Continuing Our Global Path to a Billion Pounds per year
Continuing Our Global Path to a Billion Pounds per year North America* Ironton Q4 2022 Augusta #1 Q4 2023 Augusta #2 Q4 2023 130 Augusta #3 Q2 2024 887 130 Augusta #4 Q2 2024 Augusta #5 Q1 2025 Augusta #6 Q1 2025 Europe* NE Europe Q4 2024 Asia* Ulsan, SK Q4 2024** Japan (Mitsui) TBD * Completion dat
Slide 5: PureCycle Leadership
PureCycle Leadership New Independent Board Members PureCycle Leadership Updates Steven Bouck Recently announced Dustin Olson 20+ years as President & CFO of appointed to the chief operating officer publicly-held Waste Connections, position in addition to his chief Inc., a multi-national provider of
Slide 6: Ironton Continues to be on Track for Q4 Startup
Ironton Continues to be on Track for Q4 Startup • Site is now energized • 4 out of 26 modules delivered and lifted in place • 98% of PreP equipment on site; startup in Q3 • Targeting mechanical completion in early Q4 with pellet production by year end March June May Q2 Q3 Q4 First Module Commission
Slide 7: Augusta Build Underway
Augusta Build Underway Engineering activities are on track, key construction contracts are in place, and site work has commenced. Key long lead orders have been placed; includes vessels, precision machinery, and instrumentation. Significant progress developing Feed PreP operations; expecting a full
Slide 8: 75% of Feedstock for Augusta Lines 1&2 Under LOIs
75% of Feedstock for Augusta Lines 1&2 Under LOIs Feedstock Pipeline Augusta Lines 1&2 (Millions Pounds) • Team is focused on securing feeds for Augusta Lines 1&2 933 • R&D focus to target new feed streams that 217 are being landfilled or incinerated • Born digital strategy being designed to LOI 72
Slide 9: Augusta Lines 1&2 Off-take is 70% Allocated
Augusta Lines 1&2 Off-take is 70% Allocated Sales Pipeline Augusta 1&2 • Ironton sold out; Augusta Lines 1&2 is 70% (Million Pounds) allocated. Strong contracting momentum to fully allocate Augusta Lines 1&2 393 • Accelerating interest from compounders that 183 create specialized materials for consu
Slide 10: Q1 Liquidity and Changes from Prior Quarter
Q1 Liquidity and Changes from Prior Quarter (IN MILLIONS) Dec. 31, 2021 Mar. 31, 2022 change Summary of Cash and Cash Equivalents $33.4 $198.2 $164.8 Liquidity Changes Debt Securities Available for Sale 167.4 219.8 52.4 Total Unrestricted $200.8 $418.0 $217.2 • $609.9M Available Restricted Cash • Ra
Slide 11: Financial Commentary
Financial Commentary Capital • Bolstered from the $250 million private placement Structure • Capital provides equity for Augusta Lines 1-4 as well as other strategic corporate purposes • Engaged Jefferies LLC to lead the project debt financing for Augusta Lines 1&2 and 3 Feed PreP Debt Raise facilit
Slide 12: PureCycle Continues to Build Operational Momentum
PureCycle Continues to Build Operational Momentum 1 Ironton on-track for Q4 2022 pellet production; Augusta construction underway 5 Broadened our converter network and expanded applications for PureCycle resin 2 6 Ironton offtake fully allocated and Ironton and Augusta continue to show Augusta first
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