Slide 1: First Quarter 2022 Earnings Call
First Quarter 2022 Earnings Call The world’s leading carbon negative materials company May 9, 2022
Slide 2: Forward looking statements and disclaimers
Forward looking statements and disclaimers FORWARD-LOOKING STATEMENTS This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. (“Origin”) for informational purposes only and not for any other purpose. Certain statements included in this presentation that
Slide 3: Q1 2022 highlights
Q1 2022 highlights Origin’s mission is to help drive the world’s transition to sustainable materials by providing sustainable, plant-based, zero-carbon materials designed for “drop-in” use and at economics comparable to existing fossil-fuel based materials, which are supported by a growing list of g
Slide 4: Origin customer demand has increased more than sevenfold to $7.4Bn since February 2021
Origin customer demand has increased more than sevenfold to $7.4Bn since February 2021 announcement to go public Total demand is $7.4Bn in either offtake agreements or capacity reservations1 Customer Demand, $Bn cumulative Select Origin Customers & Partners ~$7.4Bn ~$1.8 Bn Additional Demand Since Q
Slide 5: LVMH Moët Hennessy Louis Vuitton Partnership (1 of 2)
LVMH Moët Hennessy Louis Vuitton Partnership (1 of 2) “Origin Materials and LVMH Moët Hennessy Louis Vuitton Form Strategic Partnership to Bring Carbon Negative Materials to Perfumes and Cosmetics Industry” – April 19, 2022 • Strategic partnership with LVMH Beauty, a division of LVMH, the global lea
Slide 6: LVMH Moët Hennessy Louis Vuitton Partnership (2 of 2)
LVMH Moët Hennessy Louis Vuitton Partnership (2 of 2) “At LVMH, with our Life 360 program, we made the decision that our packaging will contain zero plastic from virgin fossil resources in a near future. Origin’s bioplastic technologies are playing a crucial role in helping LVMH achieve our sustaina
Slide 7: Mitsubishi Chemical Holdings Group Partnership
Mitsubishi Chemical Holdings Group Partnership “Origin Materials and Mitsubishi Chemical Holdings Group Partner to Develop Advanced Carbon-Negative Materials for Tires” – April 28, 2022 • Strategic partnership with Mitsubishi Chemical Holdings Group (“MCHG”), Japan’s leading diversified chemicals an
Slide 8: Origin 1 & Origin 2 construction timeline unchanged, Origin 1 budget update
Origin 1 & Origin 2 construction timeline unchanged, Origin 1 budget update • Origin maintains that the previously disclosed Origin 1 construction timeline is on track, with mechanical completion expected by the end of 2022 • Due to rising inflation and a more challenging supply chain delivery envir
Slide 9: Construction – Origin 1 update (1 of 4)
Construction – Origin 1 update (1 of 4) Piping and steel fabrication, started nearly 6 months ahead of the schedule announced in April 2021, is underway and on track Pipe fabrication prior to painting 9
Slide 10: Construction – Origin 1 update (2 of 4)
Construction – Origin 1 update (2 of 4) Fabricated pipes are painted before assembly into steel pipe racks Painted pipe, including 80-foot pieces. Next, the pipes are assembled into pipe rack modules and shipped to the Origin 1 site for installation in the field 10
Slide 11: Construction – Origin 1 update (3 of 4)
Construction – Origin 1 update (3 of 4) Steel pipe racks interconnecting the plant’s key production modules being assembled and installed in the field Blast cleaning steel verticals Finished steel verticals Video Clip of Welding Key production module showing process equipment. The newly fabricated p
Slide 12: Construction – Origin 1 update (4 of 4)
Construction – Origin 1 update (4 of 4) Origin 1 is on track for completion by the end of 2022 12
Slide 13: Construction schedule – Origin 1, Origin 2, and Origin 3
Construction schedule – Origin 1, Origin 2, and Origin 3 2021 2022 2023 2024 2025 2026 2027 Origin 1 Onsite Construction & Origin 1 Operating Mechanical Completion Module Erection Start Up (achieved vs updated vs original) Construction & Site Selection Fabrication Start Mechanically Complete Origin
Slide 14: Operations schedule – Origin 1
Construction schedule – Origin 1 Origin 1 – plant purpose Origin 1 Timeline (Detail View) ‒ Produce CMF and HTC at commercial volumes ‒ Produce CMF and HTC and other intermediates in volumes that allow customers to qualify products and applications other than PET 3Q2021 4Q2021 1Q2022 2Q2022 3Q2022
Slide 15: Project Development schedule – Origin 2
Construction schedule – Origin 2 2021 2022 2023 2024 2025 Site Screening Recent accomplishments / status Site Selection ‒ Selected site in Geismar, Louisiana, subject to finalization of Project Development economic incentives DONE Site Evaluation ‒ Selected Hunt, Guillot & Associates as owner’s en
Slide 16: Q1 2022 financials in-line with previous outlook
Q1 2022 financials in-line with previous outlook Financial operating metrics for • With ramp up of employee hiring and operations in support of construction, product development and sales Q1 2022 are in-line with our activities, Q1 2022 Adjusted EBITDA loss was $6.5 million compared to a loss of $4.
Slide 17: Appendix
Appendix
Slide 18: Share count as of 3/31/2022
Share count as of 3/31/2022 Class Outstanding Shares of Common Stock Total Shares Outstanding1 136,918,989 Shares subject to forfeiture1 4,500,000 Total Shares Outstanding, including Shares subject to forfeiture1 141,418,989 Shares Reserved for Future Issuance Pursuant to Potential Earnouts, Outstan
Slide 19: Reconciliation of GAAP and Non-GAAP results
Reconciliation of GAAP and Non-GAAP results We believe that the presentation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA) is appropriate to provide additional information to investors about our operating profitability adjusted for certain non-cash ite
Slide 20: The world’s leading carbon negative materials company
The world’s leading carbon negative materials company