Slide 1: First Quarter 2025 Corporate Update
First Quarter 2025 Corporate Update May 7, 2025 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 11
Slide 2: Forward-Looking Statements
Forward-Looking Statements This press release contains forward-looking statements, including statements about the continued execution of PureCycle’s business plan, the expected results of tests and trials, the expected timing of commercial sales, and planned future updates. In addition, any statemen
Slide 3: PCT Highlights
PCT Highlights • Expanded into fiber market with two new technology qualifications and subsequent sales to multiple new customers • First successful industrial trials in dairy cup thermoforming with a large converter Commercial • Early BOPP film trial successes in Europe and Asia • Customer applicat
Slide 4: Full Line of Commercial Products
Full Line of Commercial Products Brand Description Percent PCT Industrial Trials MFR Product Applications PureFive Ultra is 100% 10-15 All Applications PureCycle’s flagship brand that offers customers a drop-in replacement for virgin polypropylene PureFive Choice offers 30-98% Various Film, fiber, a
Slide 5: Active Trials and Pipeline Continues to Grow
Active Trials and Pipeline Continues to Grow 2023 North American Polypropylene Volume billions of lbs Approx Potential Volume For Active Applications In Trial (MM lbs.) 11+ Billion Market End Markets Application Trials Successful Applications Active Trials/Pending Trials • Foodservice Packaging ✓ Fo
Slide 6: Film Market Provides an Exciting Opportunity
Film Market Provides an Exciting Opportunity Roadmap to Market Validation Developed the Passed analytical Passed lab-scale Scheduling BOPP resin formula lab tests stretch test line test • Significant unsolved sustainability challenges with single- use products such as food & candy wrappers, beverage
Slide 7: Successful Brückner Stretch Test with PureFive Choice Resin from Ironton
Successful Brückner Stretch Test with PureFive Choice Resin from Ironton Before Stretch Achievements ✓ Ultra clear and transparent ✓ Can be stretched up to 9x ✓ No tearing during test ✓ Drop-in replacement for virgin ✓ Odorless “We have extensively studied recycled polypropylene over the past five y
Slide 8: PureCycle Manufacturing Update
PureCycle Manufacturing Update Max Feed Rate Achieved to Date (klbs./hr.) Production Update vs Best Monthly Avg Onstream % to Date Nameplate 15 Rate 14.2* 90% • Ironton produced 4.3MM lbs. of resin in Q1 and 80% currently hold ~14MM lbs. of inventory 87% 12 12.5 12.5 70% • Our path to nameplate capa
Slide 9: Growth Plans Expect to Drive Meaningful Efficiency Gains
Growth Plans Expect to Drive Meaningful Efficiency Gains • Ironton technology learnings driving potential for higher capacity facilities • Cost improvements achieved at Ironton should accelerate at higher capacities • Integrated engineering changes scale to meaningful improvements in CapEx efficienc
Slide 10: Q1 2025 Cash Update
Q1 2025 Cash Update Summary of Cash Changes (in MM) Dec. 31, 2024 Mar. 31, 2025 change Unrestricted Cash Use Highlights (in MM): ▪ ($2.4) transferred to restricted cash for Augusta escrow for long-lead equipment Unrestricted Cash $15.7 $22.5 $6.8 ▪ ($11.7) Ironton operations and maintenance ▪ ($8.6)
Slide 11: First Quarter 2025 Corporate Update
First Quarter 2025 Corporate Update May 7, 2025 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 11 11