Purecycle Technologies, Inc. · NASDAQ:PCT
Purecycle Technologies — Q1 2024 Earnings Presentation
12 slides from Purecycle Technologies's earnings presentation, May 7, 2024
Slide 1: First Quarter 2024 Corporate Update
First Quarter 2024 Corporate Update May 7, 2024 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 financial condition, results of operations, earnings outlook and prospects of PCT. In addition, any statements that refer to projections, forecasts or other characterizations of future e
Slide 3: Q1 Highlights Ironton Showcase
Q1 Highlights Ironton Showcase Overview Confidential Information. Do Not Distribute. Ironton Market Finance 33
Slide 4: Production Improvements from Q4 to Q1
Production Improvements from Q4 to Q1 Operations • Produced ~1.3MM lbs amount of resin (0.2MM lbs in Q4); limited by Co- Product 2 capacity and overall site reliability • Continue to process Post-Consumer Recycle feedstocks • Product quality improving over time; impacted by site reliability and new
Slide 5: Expanded Outage Scope Completed >100 Improvements
Expanded Outage Scope Completed >100 Improvements Top Reliability Impacts Project Summary (since November Outage) • Focus on reliability to pursue continuous operation Rotating Equipment 17 days and increase production output Co-Product 2 Instrumentation 13 days • Added Co-Product 2 capacity project
Slide 6: Co-Product 2 Improvements Completed Early
Co-Product 2 Improvements Completed Early • Pre-Outage Capacity: <5K lbs /day – operated manually due to limited system reliability • Original outage plan included significant reliability improvements; all were implemented • New improvement completed during outage; potential to add CP2 removal capac
Slide 7: End Market Applications Expand
End Market Applications Expand • Several completed plant outage projects were focused on Customer Trials in Development improving product quality • PureCycle resin continues to show advantages to mechanically 12 recycled products due to the removal of Co-products 1 & 2 • Mechanically recycled produc
Slide 8: Journey with the FDA
JOURNEY WITH THE FDA • After the PureCycle BEFORE & AFTER PURIFICATION purification process, 1600 1455 additives, dyes, and 1400 plasticizers are all 1282.5 significantly lowered or 1200 1136.25 below the detectable 1000 892.5 limit. 800 Significantly lowered or • Received approval for food- below t
Slide 9: Global Recycle Supply <10% of Global Production
Global Recycle Supply <10% of Global Production 883B lbs Global Annual Plastic Production 78B lbs Global Annual PCR Plastic Production • Polypropylene continues to be the largest segment produced at 18.9%; CIS 2% 167B lbs/yr 2% 14% • North America lags the world in EU 27+3 17% 21% terms of recycle p
Slide 10: Favorable Recycling Regulations Advancing in the US
Favorable Recycling Regulations Advancing in the US US States Advancing Recycled Content and/or Extended Producer Responsibility (EPR) Legislation Has passed both Recycled Content & EPR regulations Has passed Recycled Content regulations Has passed EPR regulations Has introduced both Recycled Conten
Slide 11: Q1 2024 Liquidity Update
Q1 2024 Liquidity Update (in MM) Dec. 31, 2023 Mar. 31, 2024 change Summary of Liquidity Changes Total Unrestricted $121.6 $27.2* $(94.4) Unrestricted Cash Uses: Restricted Cash ($74.5MM) to purchase SOPA Revenue Bonds $25.4MM received from escrow accounts Ironton Reserves 210.6 3.5 (207.1) ($
Slide 12: First Quarter 2024 Corporate Update
First Quarter 2024 Corporate Update May 7, 2024 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 12 12
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