PureCycle (PCT) investor relations material

Executive summary

• Raised $300 million through Series B Convertible Perpetual Preferred Stock in June 2025, supporting global expansion and alleviating prior going concern issues.

• Announced and advanced construction of new polypropylene recycling facilities in Thailand and Belgium, targeting 1 billion pounds of installed capacity by 2029/2030.

• Secured a major commercial agreement with Emerald Carpets for 5 million pounds of resin, with 17 post-trial negotiations representing up to 80 million pounds of potential annual production.

• Ironton Facility achieved 87% onstream time in April/May, produced 3.4 million pounds of resin in Q2, and completed a 65-day production run.

• Earned GreenCircle recycled content certification for nearly 30 grades, validating >90% PCR feedstock.

Financial highlights

• Q2 2025 revenue was $1.7 million, with $3.2 million for the first half of 2025, reflecting initial sales ramp-up.

• Net loss for Q2 2025 was $144.2 million, with an operating loss of $45.6 million, driven by ramp-up costs.

• Ended Q2 2025 with $284.1 million in unrestricted cash and $13.9 million in restricted cash.

• Raised $300 million from preferred stock and $10.5 million net proceeds from bond sales.

• Total assets increased to $1.04 billion as of June 30, 2025.

Outlook and guidance

• Targeting 1 billion pounds of installed capacity and $600 million EBITDA per year by 2029/2030.

• Thailand facility expected operational in Q3 2027; Antwerp in Q3 2028.

• Management projects sufficient liquidity for at least twelve months, supported by the capital raise and undrawn $200 million revolving credit facility.

• Expects increased sales in the second half of 2025, with commercial ramp and revenue growth in Q3 and Q4.

• Future Gen 2 lines projected to achieve under $2 capex/lb and 50% reduction in unit costs.