Slide 1: Third Quarter 2024 Earnings Call
Third Quarter 2024 Earnings Call Enabling the world’s transition to sustainable materials. November 14, 2024
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: Platform tech company – Going to market with disruptive packaging innovation
Platform tech company – Going to market with disruptive packaging innovation Recyclability and performance breakthrough for $65 billion and growing caps and closures market Deep Tech Capability World’s First Furanics Application Development Commercially Viable PET Closures World-Class Engineering Ma
Slide 4: Caps breakthrough – from Downcycle to Whole-Container Recycling
Caps breakthrough – from “Downcycle” to “Whole-Container Recycling” Origin’s PET breakthrough makes the cap truly recyclable – revolutionary for product circularity Today’s Status Quo Origin PET Caps & Closures HDPE or PP Caps1: “Downcycle” Whole-Container rPET Recycling - Must be separated from bot
Slide 5: >$65 Bn Market
Origin is positioned to be 1st to market with commercially viable PET cap Strong demand including recently announced first signed MOU for billions of caps, >$100M over initial 2-year term Existing demand and easy customer “Yes” >$65 Bn Market • Long history of market need for PET closure solution •
Slide 6: Manufacturing and commercial progress on track
Manufacturing and commercial progress on track Commercial production is on track to begin during 4Q2024, with revenue to begin ramp-up during 1Q2025 Manufacturing Commercial Successful Factory Acceptance Test 1st Customer MOU Totals Billions of PET Over 98% Manufacturing Efficiency caps, Expected to
Slide 7: Origin CapFormer System – Scalable and patent-protected
Origin CapFormer System – Scalable and patent-protected Simplified overview of CapFormer System PET Roll Sheet Heating Forming Trimming Finishing Collection Watch the video > Milestone, September 2024: Successful Factory Acceptance Test • Over 98% Manufacturing Efficiency. Test validated performance
Slide 8: 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 HDPE/PP Alternative PET Cap Methods Incumbent None currently commercially viable Recyclable 1 2 / 5 1 Cost competitive X production Drop in X She
Slide 9: We are going to market with the Origin PET 28mm 1881
We are going to market with the Origin PET 28mm 1881 Expected to be commercially available starting Q4 2024, with additional product launches planned Product Information Cap Material PET / rPET Container Material PET / rPET Neck Finish 28mm 1881 (GME 32.04) Beverage Type CSD1 and Water Filling Cold/
Slide 10: Multiple potential growth levers enable Origin to scale and win
Multiple potential growth levers enable Origin to scale and win Add Additional Lines Technology Advancement New Formats Additional Features < 12 months from More throughput and Potentially hundreds of E.g., tethers connecting order to operation efficiency per line formats, & not just beverages caps
Slide 11: We are reaffirming fiscal year 2024 financial guidance
We are reaffirming fiscal year 2024 financial guidance 2024 net cash burn Significant gross profit Path to run-rate EBITDA positive expected to be generation from caps results anticipated to require no between $55 and $65M and closures expected to equity capital raise start in 2025 With revenue guid
Slide 12: Enabling the world’s transition to sustainable materials.
Enabling the world’s transition to sustainable materials.