Slide 1: Third Quarter 2023 Earnings Call
Third Quarter 2023 Earnings Call The world’s leading carbon negative materials company November 9, 2023
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: Origin Materials – At a Glance
O O H Origin Materials – At a Glance Cl The world’s leading carbon negative materials company Disruptive Materials Decarbonizing Enormous TAM Cost advantaged Technology Company Platform Technology C >$1+ Trillion $390Bn near-term focus in Timber feedstocks are Origin produces low and Enables custome
Slide 4: Q3 2023 highlights – Customer demand is strong, with increasing capital project financing flexibility
Q3 2023 highlights – Customer demand is strong, with increasing capital project financing flexibility, focus on cash conservation Origin 2 project development advances Origin 1 commences commercial-scale production with increasing interest from strategic partners Sarnia, Ontario, Canada Geismar, Lou
Slide 5: Origin 1 proves technology scalability and enables commercial opportunities
Origin 1 proves technology scalability and enables commercial opportunities Achievement is key milestone in advancing strategic partnerships and technology commercialization Top left: CMF sample produced at Origin 1, photographed in Origin 1 analytics lab. Bottom left: HTC produced at Origin 1, phot
Slide 6: Customer demand exceeds $10Bn, a more than tenfold increase since announcement to go public
Customer demand exceeds $10Bn, a more than tenfold increase since announcement to go public in February 2021 Total demand consists of offtake agreements or capacity reservations1 Customer Demand, $Bn cumulative Select Origin Customers & Partners >$10 Bn ~$1Bn Major U.S. Major Asian Major Japanese Ma
Slide 7: Q3 2023 financial outlook updated
Q3 2023 financial outlook updated Q3 2023 financial Origin 2 funding Updated 2023 operating metrics mix evolving financial guidance in-line with previous outlook with increasing interest from Revenue of $25 - $30 million strategic partners Improved Adjusted EBITDA loss: $45 million to $50 million 7
Slide 8: Appendix
Appendix
Slide 9: The Origin Platform – CMF application breadth is expansive
The Origin Platform – CMF application breadth is expansive Competitive production cost, versatility, and differentiated performance unlock new pathways for making products Packaging Textiles Apparel Belts and machine parts Tires Insulation Automotive Furniture Soaps Glues Detergents Paints & coating
Slide 10: The Origin Platform – Leading biomass conversion technology
The Origin Platform – Leading biomass conversion technology We expect Origin 3 and beyond to continue improving platform economics Value uplift, biomass conversion technology crack spread 2000 1800 1600 Crack Spread ($ / dry mT Biomass) 1400 1200 1000 800 600 400 200 0 Fuel Pellet Export Fermentatio
Slide 11: The Origin Platform – Margins expected to continuously improve
The Origin Platform – Margins expected to continuously improve Product development, versatility of platform intermediates, and economies of scale to drive long-term value creation Illustrative gross margins for Origin’s intermediates, $/ton wood residue input versus feedstock cost Anticipated margin
Slide 12: Reconciliation of GAAP and Non-GAAP results
Reconciliation of GAAP and Non-GAAP results We believe that the presentation of Adjusted Earnings before Interest, Taxes, Depreciation, and Amortization (Adjusted EBITDA) is appropriate to provide additional information to investors about our operating profitability adjusted for certain non-cash ite
Slide 13: The world’s leading carbon negative materials company
The world’s leading carbon negative materials company