Slide 1: First Quarter 2026 Corporate Update
First Quarter 2026 Corporate Update May 6, 2026 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 11
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: PCT Highlights
PCT Highlights • Record 8.4MM pounds of production • Ironton turnaround completed ahead of schedule and tracking below budget; targeting higher reliability, Operations production rates, and product quality • On-site compounding mechanically complete in April • Fifth consecutive quarter of sequential
Slide 4: Production Records Continue at Ironton
Production Records Continue at Ironton Quarterly rPP Production (MM lbs) Q1 2026 Key Highlights 8.4 • Produced 8.4MM pounds in Q1 2026 • Approximately 10MM pounds of feedstock input processed 7.5 7.2 • Turnaround began April 10, as planned, and was scheduled for 30 days. The mechanical work complete
Slide 5: Macro Environment Favorable for Recycled Content
Macro Environment Favorable for Recycled Content Key Market Data PCT Positioning • Global petrochemical supply disruption has increased • PureCycle feedstock is domestic waste polypropylene both virgin resin and recycled feedstock costs from 15+ US suppliers • Virgin polyolefin prices have moved hig
Slide 6: Commercial Momentum Building
Commercial Momentum Building Results Forward Outlook • On track with prior guidance • 2026 commercial ramp remains on track driven by: • Revenue: $4.1MM in Q1, fifth consecutive quarter of – Q1 results achieved expectations sequential growth – Continued pipeline conversion • Pipeline: 180 active opp
Slide 7: P&G: Progress Across Multiple Brands
P&G: Progress Across Multiple Brands Tide Detergent Caps on select bottles: Vicks Zzzquil PURE Zzzs child-proof lids • PureFive® resin passed qualification • PureFive® resin passed qualification • Expect to ship resin in PCT Q2 2026 for • Expect to ship resin in 2H 2026 commercial production Additio
Slide 8: Coffee Lids Commercial with Global Converter
Coffee Lids Commercial with Global Converter • Plastic Ingenuity is one of the largest custom thermoformers in North America • Global company with eight locations across the world • Produce packaging for the food, healthcare and retail industries “We’re committed to helping our customers reach their
Slide 9: Regulations Increasing Interest in PureFive
Regulations Increasing Interest in PureFive® • NJ recycled content application is in review; positive discussions continue to progress with all levels of NJ government • NJ resolution would open a phased ramp of 25–50MM pounds of incremental demand as customers progress through qualification and pre
Slide 10: Project Updates
Project Updates Ironton Turnaround Thailand Belgium • Mechanically complete six days ahead of • On track for 2027 mechanical completion • Permits expected near year-end 2026 schedule, with costs tracking below • Groundbreaking expected the second • Construction expected Q1 2027 budget half of 2026 •
Slide 11: Q1 2026 Financial Results
Q1 2026 Financial Results Adjusted EBITDA Reconciliation (in millions) Key Performance Indicators Q1 2026 Q1 2025 Q1 2026 Q4 2025 Q1 2025 Net Income (Loss) ($33.4) $8.8 Consolidated Plus: Interest expense $15.4 $15.1 Revenue ($MM) $4.1 $2.7 $1.6 Less: Interest income ($1.4) ($0.4) Monthly Ops. Spend
Slide 12: Q1 2026 Capital Usage & Liquidity
Q1 2026 Capital Usage & Liquidity Notes Q4 Total Cash $181.7 • Monthly operations spending of $8.8MM, within $8–9MM expectations (Note: Q1 total of Operations Cost (incl. Denver & $27.4MM includes $1.3MM annual incentive compensation payout) (12.7) • Debt service of $11.0MM = convertible bond intere
Slide 13: First Quarter 2026 Corporate Update
First Quarter 2026 Corporate Update May 6, 2026 Confidential Information. Do Not Distribute. Confidential Information. Do Not Distribute. 13 13