Purecycle Technologies, Inc. · NASDAQ:PCT
Purecycle Technologies — Q3 2026 Earnings Presentation
16 slides from Purecycle Technologies's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter 2026 Corporate Update
Third Quarter 2026 Corporate Update November 4, 2026 EXHIBIT 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation 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 statement
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures PCT uses certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (“GAAP") to supplement its financial statements. The Company's primary non-GAAP financial measures are EBITDA and Adjusted EBITDA. The Compa
Slide 4: PCT Highlights
PCT Highlights Operations Ironton produced 5.2MM lbs in Q3; operational issues that limited production were resolved Production is now in line with current branded commercial demand On-site compounding transitioned to 24/7 availability and is accelerating many customer programs Feedstock agreement w
Slide 5: Reliability Improved, Production in Line with Demand
Reliability Improved, Production in Line with Demand Quarterly rPP Production (MM lbs) Production Commentary Operational issues in Q3 limited production and were resolved Production follows customer orders: as programs convert, the priority is supplying each customer consistently to specification, s
Slide 6: Pipeline Converting Into Branded Orders and Shipments
Overview Operations Commercial Growth Finance Pipeline Converting Into Branded Orders and Shipments Some programs that were in trials in July have railcar orders today. 1 · PIPELINE Progressing faster On-site compounding and stronger supply chain processes drive conversions and faster trial progress
Slide 7: Regulatory Changes in New Jersey and California
Overview Operations Commercial Growth Finance Regulatory Changes in New Jersey and California New Jersey delayed the requirement for PCR in food-contact packaging and kept the 2027 non-food in place; California now pays for recycled polypropylene, fines for virgin DELAYED BY NEW JERSEY Food contact
Slide 8: New Jersey Delays Food Contact; California Adds a Bonus
Overview Operations Commercial Growth Finance New Jersey Delays Food Contact; California Adds a Bonus The New Jersey mandate stands with food contact deferred to 2030, and California's SB 54 plan pays a bonus for recycled polypropylene. New Jersey Minimum recycled content, by year it applies 2024 20
Slide 9: Near-Term Branded Applications Are Moving to Contracts
Overview Operations Commercial Growth Finance Near-Term Branded Applications Are Moving to Contracts Programs contracted and shipping, or in final or initial contracting: 45-55MM lbs/yr expected once fully ramped CUSTOMER APPLICATION STATUS EXPECTED TIMING VOLUME (MM lbs/yr) (once fully ramped) CONT
Slide 10: Pipeline Continued to Build Through October
Pipeline Continued to Build Through October Overview Operations Commercial Growth Finance Despite 15 programs delayed by New Jersey, qualified applications doubled from 10 to 20 since the end of Q2. 55 BRANDS 50 CONVERTERS 38 APPLICATIONS 24 COMPOUNDING GRADES Qualification stages, and how each move
Slide 11: Thailand: Project Financing Terms Under Negotiation
Thailand: Project Financing Terms Under Negotiation Project Financing Final terms and conditions for financial close under negotiation More than $85MM of the $250MM project invested to date in equipment and engineering Timeline & BOI Groundbreaking to be scheduled once the timing of financial close
Slide 12: Q3 2026 Financial Metrics
Q3 2026 Financial Metrics Overview Operations Commercial Growth Finance Adjusted EBITDA Reconciliation (in millions) Q3 2026 Q3 2025 Net income/(loss) $6.9 $(28.4) Plus: Interest expense 14.8 16.2 Less: Interest income (2.0) (2.9) Plus: Depreciation and amortization 7.5 7.3 EBITDA 27.2 (7.8) Adjustm
Slide 13: Q3 2026 Capital Usage
Q3 2026 Capital Usage Overview Operations Commercial Growth Finance Q3 Cash Walk Ongoing spend $31.4MM: $7.8MM average monthly operations spending plus $2.7MM a month materials Debt service $3.3MM, including the $1.0MM revolver extension fee Project spend $13.0MM: Ironton $5.7MM, Antwerp $2.6MM, Tha
Slide 14: Liquidity and Potential Capital Sources
Liquidity and Potential Capital Sources Available liquidity at 9/30/26 ($MM) Component 9/30/26 6/30/26 Cash and cash equivalents 109.0 165.2 Marketable securities (AFS) 71.4 59.6 Restricted cash 12.6 12.1 Total liquidity (as reported) $193.0 $236.9 Undrawn revolver Available through September 30, 20
Slide 15: Priorities Into 2027
Overview Operations Commercial Growth Finance Priorities Into 2027 1 Deliver on customer orders Railcars to a large customer; shipments start in Q4 for a large global cosmetics company and, on approval, a large global personal care company. 2 Convert programs closest to contract Programs in contract
Slide 16: Third Quarter 2026
Third Quarter 2026 Corporate Update November 4, 2026
PureCycle Technologies — Q3 2026 Earnings Presentation on 6ix