Purecycle Technologies, Inc. · NASDAQ:PCT
Purecycle Technologies — Q3 2022 Earnings Presentation
15 slides from Purecycle Technologies's earnings presentation, Nov 10, 2022
Slide 1: Third Quarter 2022 Corporate Update
Third Quarter 2022 Corporate Update November 10, 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: A New Era is About to Begin…
A New Era is About to Begin… Until now 850 billion pounds of plastic produced each year 1 425 billion pounds of single use plastic produced each year 1 170 billion pounds of polypropylene produced each year 2 16 billion pounds of polypropylene waste generated each year 3 1.9 billion pounds of polypr
Slide 4: 3Q Update: Strong Operational Progress Continues
3Q Update: Strong Operational Progress Continues OPERATIONS FEEDSTOCK COMMERCIAL FINANCE • Ironton facility targeting • Ironton Feed PreP • Augusta Lines 1&2: Offtake • Financing for Augusta mechanical completion and commissioning and is over subscribed to 111% project in motion with pellet producti
Slide 5: 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 Project Defined & Financed Ironton 130 Project Defined – Financing In Progress 130 Augusta #1 627 Augusta #2 Ulsan, SK Project in Development – No Financing Yet Augusta #3 Augusta #4 Europe Japan (M
Slide 6: We Have Come a Long Way…
We Have Come a Long Way… June 2021 October 2022 6
Slide 7: Ironton Nears Completion
Ironton Nears Completion • All 26 modules delivered and lifted in place • PreP facility in commissioning and beginning to process feed • Greater than 1.3 million pounds of feedstock already in Ironton • Mechanically complete with pellet production 1Q23 Feed PreP Central Utilities Control Room, Offta
Slide 8: Ironton Startup Ramp vs Commissioning Plan
Ironton Startup Ramp vs Commissioning Plan Expected Revenue Generating Period 100 % Mechanically Complete Capacity Utilization Plant Commissioning Plan First Pellets Final Performance Test First Year Projected Capacity Utilization w/ “9-month ramp” 0 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
Slide 9: Augusta Project Update
Augusta Project Update • Continuing progress on ISBL engineering; module construction expected to begin in 1Q23 • Central utility plant equipment has become the new critical path and will define overall project timing • Equipment lead times have reached up to 90 weeks PreP Ops • Aligning all PreP lo
Slide 10: Augusta Lines 1&2 are Full and Sold out!
Augusta Lines 1&2 are Full and Sold out! Feedstock Pipeline Offtake Pipeline Oversubscribed by ~7.5% Oversubscribed by ~11% LOI Contracted Excess Excess (Millions Pounds) (Millions Pounds) 301 289 1. Internal Company Estimates 2. LOI deal volume is based on expected PP% yield for each feedstock stre
Slide 11: PCT Pursues Global Expansion
PCT Pursues Global Expansion South Korea Entered into a definitive Joint Venture Agreement with SK geo centric to develop a polypropylene recycling facility in Ulsan, South Korea with a capacity of 130 million pounds - Gateway to an Asia growth strategy - Strong Technology support - Future R&D partn
Slide 12: 3Q Liquidity and Changes from Prior Quarter
3Q Liquidity and Changes from Prior Quarter Summary of (IN MILLIONS) June 30, 2022 Sept. 30, 2022 change Liquidity Changes Cash and Cash Equivalents $118.5 $56.5 $(62.0) Debt Securities Available for Sale 231.3 158.5 (72.8) • Unrestricted Cash • $95.8m transferred to an escrow Total Unrestricted $34
Slide 13: PureCycle Economics are Resilient Across Cycles
PureCycle Economics are Resilient Across Cycles Original PureCycle Market Market Uncertainty Economics Upcycle Downcycle 1.51 1.06 Virgin PP ? ($/lb) 0.64 0.54 0.82 0.41 0.36 #5 Bale SE 0.06 ? ($/lb) 0.04 0.05 Oct-19 Oct-20 Oct-21 Oct-22 Oct-23 • With the introduction of Feedstock+ offtake contracts
Slide 14: PureCycle Continues to Execute
PureCycle Continues to Execute 1 Ironton mechanical completion and initial pellet production in 1Q23 5 Signed Joint Venture Agreement with SK geo centric 2 6 Strong growth in contracted offtake; Financing for Augusta project in Augusta offtake is over subscribed by 11% motion with the objective of c
Slide 15: Third Quarter 2022 Corporate Update
Third Quarter 2022 Corporate Update November 10, 2022 15
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