Origin Materials, Inc. · NASDAQ:ORGN
Origin Materials — Q1 2025 Earnings Presentation
24 slides from Origin Materials's earnings presentation, May 15, 2025
Slide 1: First Quarter 2025 Earnings Call
First Quarter 2025 Earnings Call Enabling the world’s transition to sustainable materials May 15, 2025 ( COMPANY OVERVIEW )
Slide 2: Forward Looking Statements and Disclaimers
FORWARD LOOKING STATEMENTS AND DISCLAIMERS FORWARD-LOOKING STATEMENTS. This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. (“Origin”) for informational purposes only and not for any other purpose. Certain statements included in this presentation that
Slide 3: Investment Highlights
ORIGIN MATERIALS MARKET INVESTMENT HIGHLIGHTS >$65B Total addressable market for Origin closures, 100% PET CAP HIGH DEMAND ATTRACTIVE GROSS MARGINS 2026 REVENUE Recurring revenue model, $50-$70M Origin has developed Mid double digit % breakthrough, proprietary current demand exceeds technology for P
Slide 4: Guidance at a Glance
GUIDANCE AT A GLANCE Origin will focus on product qualification and expanding With strong business fundamentals and a clear path forward, Origin benefits from high demand, significant barriers to entry, and strong strategic interest from both customers and partners. supply in 2025 to realize commerc
Slide 5: Origin Today
ORIGIN TODAY MANUFACTURING & COMMERCIAL MANUFACTURING COMMERCIAL Commenced production of First Growing pipeline of prospective customers engaged in CapFormer Line February 2025 testing and qualification LINES On track for 8 to 10 CapFormer lines operating in 2026 Caps being tested by some of the lar
Slide 6: Qualifications & Bottling Trials Have Started
QUALIFICATIONS & BOTTLING TRIALS HAVE STARTED with several potential customers. ORIGIN | 06
Slide 7: Our Team
OUR TEAM Origin brings an unrivaled set of industry veterans, leaders, and visionaries. John Bissell Matt Plavan Ryan Smith Josh Lee CEO | Co-Founder CFO | COO Chief of Product Strategy | General Counsel Founded Origin Materials Former CFO Cesca Co-Founder Attorney at Irell & Manella, in 2008 Therap
Slide 8: Board of Directors and Advisors
John Bissell Tony Tripeny Kathy Fish CEO & Co-Founder Chair Former Chief Research, Founded Origin Materials Former CFO at Corning, Inc; Development and Innovation in 2008 director at Mesa Officer at Procter & Gamble Laboratories, Inc. US EPA Presidential 41 years experience with Green Chemistry Awar
Slide 9: Caps & Closures Overview
OVERVIEW CAPS & CLOSURES ORIGIN | 09
Slide 10: First to Produce PET Bottlecaps at Scale
STRONG DEMAND PULL • Long history of market need for PET closure solution • More than 70 customers in the sales pipeline • Compatible with existing customer equipment FIRST TO PRODUCE • Cost-competitive with incumbent solutions PET BOTTLECAPS BETTER PERFORMANCE & SUSTAINABILITY • PET offers superior
Slide 11: PP/HDPE vs PET caps comparison
PCO1881 PCO1881 PP|HDPE CAP PET ORIGIN’s CAP NOT SAME MATERIAL ENABLES CIRCULAR ECONOMY caps contaminate PET bottle recycling Fully recyclable and can be made with 100% post-consumer streams recycled PET and used in food-grade applications PP | HDPE DOWNCYCLED SUPERIOR PERFORMANCE Typically reused i
Slide 12: Fundamental technology advantage – Origin PET caps beat alternatives
Fundamental technology advantage – Origin PET caps beat alternatives Origin has substantial patent protection and is set to lead a new category of closure Potential for shelf- Same material Can be made with Aesthetics Lightest weight Recyclable Drop in life improvement as PET bottle 100% recycled pl
Slide 13: Injection Molding vs Thermoforming
TRADITIONAL ORIGIN’S INJECTION MOLDING THERMOFORMING Plastic Hopper Pellets Heaters Part Heated Sheet Ram Mold Screw Mold Vacuum Vacuum Draw Draw Problem: Benefits: • Only certain plastics can be used (HDPE/PP) • Caps are formed and stamped • PET does not lend itself to injection molding • Cycle tim
Slide 14: Starting with the Origin PET 1881
STARTING WITH THE ORIGIN PET 1881 Commenced production in February, 2025 CAP MATERIAL PET / rPET CONTAINER MATERIAL PET /rPET NECK FINISH 28mm PCO 1881 SECURTY SLIT TAMPER BAND WEIGHT 1.5 - 1.8g FILLING COLD | ASEPTIC BARRIER OF PET VS HDPE ~40X C02 | ~30X O2 CAPSULE TYPE 1 PIECE SEAL FUNCTION PLUG
Slide 15: Multiple Growth Levers
MULTIPLE GROWTH LEVERS Enable Origin to grow and win. 8X ADDITIONAL LINES NEW FORMATS ADDITONAL FEATURES LICENSING <12 months from order to Potentially hundreds of E.g., tethers, tinting, Scaling through operation formats, & not just embossing partnerships beverages ORIGIN | 015
Slide 16: Origin CapFormer System
ORIGIN CAPFORMER SYSTEM Production in US PATENT PROTECTED Origin proprietary SCALABLE Multiple CapFormers INNOVATION Novel applications of kicked-off FEB 2025 manufacturing expected Factory thermoforming, Accepted by EOY proprietary technology PET Roll Sheet Heating Forming Trimming Slitting Simplif
Slide 17: Investment Highlights
ORIGIN MATERIALS MARKET INVESTMENT HIGHLIGHTS >$65B Total addressable market for Origin closures, 100% PET CAP HIGH DEMAND ATTRACTIVE GROSS MARGINS 2026 REVENUE Recurring revenue model, $50-$70M Origin has developed Mid double digit % breakthrough, proprietary current demand exceeds technology for P
Slide 18: Appendix
APPENDIX ORIGIN | 018
Slide 19: CapFormer in Production
CAPFORMER IN PRODUCTION WATCH VIDEO HERE> WATCH VIDEO HERE> ORIGIN | 019
Slide 20: Anatomy of a PET Closure
2 3 4 1. Threads ANATOMY 5 1 2. Seal 3. Top Wall 4. Engraving OF A PET 5. Skirt 6. Tamper Evidence (TE) Band --- Bridges (Too Small To See Here) CLOSURE 6 ORIGIN | 020
Slide 21: European & N. American Mass Production
Learn more > ANNOUNCED EUROPEAN & N. AMERICAN MASS Switzerland PRODUCTION Learn more > CONFIDENTIAL | 021 Michigan, USA ORIGIN | 021
Slide 22: Subsystem Supplier
SUBSYSTEM SUPPLIER PackSys Global is the leading packaging machine producer for plastic closure slitting machines “PET closures can be a game changer for closure recycling. Most beverage closures are today made from HDPE and, while closure recycling rates are increasing, especially in Europe where c
Slide 23: Subsystem Supplier
SUBSYSTEM SUPPLIER IMDvista is a Swiss high-tech company specializing in the vision inspection of closures “At the end of the day, a PET closure is the right solution.” IMDvista Chief Sales Officer (CSO) Martin Gerber – May 2, 2024 Read announcement > ORIGIN | 023
Slide 24: Enabling the World's Transition to Sustainable Materials
ENABLING THE WORLD’S TRANSITION TO SUSTAINABLE MATERIALS.