Production Capacity and Facilities - PCT's Ironton Facility is expected to achieve a production capacity of approximately 107 million pounds of ultra-pure recycled (UPR) resin per year when fully operational, with initial production commencing in 2023 and full capacity expected by early 2024[234]. - The Augusta Facility is projected to have a total UPR resin production capacity of approximately 1 billion pounds per year, with each purification line expected to produce around 130 million pounds annually[239]. - PCT is evaluating alternative preprocessing sites in Central Florida and has signed a lease for a future PreP facility in Denver, Pennsylvania, expected to be operational in the first half of 2024[247]. - The Ironton Facility is expected to reach a nameplate production capacity of 107 million pounds per year by January 31, 2024[289]. Financial Performance and Revenue - The company has not generated any operating revenue to date but expects to begin generating revenue in 2023 with the commercial operation of the Ironton Facility[254]. - For the three months ended June 30, 2023, operating costs increased to $14,023,000, a 117% increase from $6,449,000 in 2022[259]. - The total operating costs and expenses for the six months ended June 30, 2023, were $49,622,000, reflecting a 28% increase from $38,787,000 in 2022[259]. - The net loss for the three months ended June 30, 2023, was $56,576,000, a 277% increase compared to a net loss of $15,004,000 in 2022[259]. - The company anticipates generating revenue from its commercial plant in Ironton in 2023[267]. Investments and Financing - As of June 30, 2023, PCT anticipates an additional investment of approximately $10.0 million to $22.5 million to complete the Ironton Facility, influenced by various contract contingencies[235]. - PCT has invested approximately $74 million for pre-construction engineering and long-lead equipment for the Augusta Facility, with a commitment to create 82 full-time jobs and invest at least $440 million by December 31, 2026[240]. - The company has capital commitments of approximately $13.3 million related to the Augusta Facility and $15.8 million for future facilities[273]. - On March 15, 2023, PCT entered into a $150 million Revolving Credit Facility, which matures on March 31, 2025, to support working capital and capital expenditures[298]. - PCT entered into a $40 million term loan facility maturing on December 31, 2025, to be used for repaying indebtedness and general corporate purposes[308]. Cash Flow and Liquidity - As of June 30, 2023, the company had $28.9 million in available unrestricted liquidity, down from $162.5 million in 2022[269]. - Cash and cash equivalents at the end of the period were $216,328,000, a 24% decrease from $285,050,000 in 2022[279]. - Net cash used in operating activities for the six months ended June 30, 2023, was $40,424,000, a 15% increase from $35,090,000 in 2022[279]. Strategic Partnerships and Development - PCT is pursuing a joint venture with SK geo centric Co., Ltd. to develop a UPR purification facility in Ulsan, South Korea, with completion expected in 2025[251]. - The company is focused on expanding its market presence and has plans for new product development in the recycling sector[342]. - PureCycle Technologies is actively pursuing strategic partnerships to enhance its technological capabilities and market reach[342]. - PureCycle Technologies is exploring potential mergers and acquisitions to accelerate growth and expand its product offerings[342]. Governance and Management - The company has implemented changes to its board structure to enhance governance and operational oversight[341]. - PCT's management concluded that disclosure controls and procedures were not effective as of June 30, 2023, due to material weaknesses in internal control over financial reporting[320]. Research and Development - PCT's research and development expenses are expected to increase as the company invests in new front-end feedstock mechanical separators and enhances in-house analytical capabilities[256]. - The company has received FDA food contact grades for its recycled feedstocks, allowing for use in various food types under specified conditions[250]. Interest and Debt Management - The increase in interest expense for the three and six month periods was primarily due to additional financing incurred in the second quarter of 2023[263]. - The interest rate on borrowings under the Revolving Credit Agreement varies, starting at 5.00% and increasing to 17.50% over time[300]. - The term loan bears interest at a variable annual rate equal to Term SOFR plus an applicable margin of 7.5%[309].

Financial Data and Key Metrics - The company ended the quarter with just under $264 million in total available liquidity, a decrease of $62.2 million from the prior quarter [43] - Cash and debt securities available for sale decreased by $124.1 million from December 31st due to investments in Ironton, Augusta, and PreP facilities, as well as payments to bondholders [21] - The company secured an additional $62 million of non-dilutive debt financing and is working on closing other equipment financing packages in the next few months [15][44] Business Line Data and Key Metrics - The Ironton facility is now mechanically complete and ready for solvent circulation, with the goal of producing between 45 million to 75 million pounds of ultra-pure recycled resin in 2023 [13][36] - The Augusta project has completed approximately 90% of the ISBL design and has begun work on the OSBL design, with module preparation for construction underway in Beaumont, Texas [42] - The company is advancing joint venture projects in South Korea and Japan, with feasibility studies underway for two locations in Japan [14][19] Market Data and Key Metrics - The company is actively seeking opportunities to amplify its technology in the global polypropylene recycling marketplace, with a focus on commercializing the Ironton plant [14] - The company has initiated engineering work at the Port of Antwerp in Belgium to support the permitting process for a new facility [19] - The company is participating in global industry events and discussions, including the U.S.-Korea Sustainability Summit and Domestic Plastic Recycling Tabletop discussions [38] Company Strategy and Industry Competition - The company is focused on managing cash burn until Ironton is operational and pursuing cost-effective project financing for growth projects [45] - The company is leveraging modular construction techniques to improve efficiency and reduce costs for future projects [28][51] - The company is working to secure feedstock supply agreements globally, with confidence in fulfilling obligations for Ironton and other planned facilities [58][93] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the growth plan and the operational readiness of the Ironton facility, with a focus on long-term operational success [3][16] - The company expects to complete the start-up timeline for Ironton and meet milestones outlined in the recent bondholder agreement [13] - Management highlighted the importance of Ironton as the first step in the company's global expansion, with future projects in Augusta, Europe, and Asia [43][77] Other Important Information - The company has posted videos showcasing its PrEP, purification, and born-digital operations on its website and social media platforms [16] - The company was voted one of the best places to work by Plastic News for the second year in a row [24] Q&A Session Summary Question: Factors affecting the production range of 45 million to 75 million pounds from Ironton in 2023 - The production range depends on the ramp-up speed of the facility, with the plant's performance during solvent circulation and feed introduction providing insights into the ramp rate [26] Question: Lessons learned from Ironton for future expansion - The company has identified areas for construction efficiency improvements, particularly in modularization and design decisions, which will be applied to future projects [28][51][77] Question: Feedstock availability and pricing strategy - The company feels confident about feedstock availability and has built flexibility into its off-take agreements to adjust pricing based on market conditions [57][81] Question: Financing and capital requirements for Augusta - The expected CapEx for the first line in Augusta is around $400 million, with the company having sufficient sources to meet this demand, including potential DBOOM opportunities [60][61] Question: Team readiness and troubleshooting capacity for Ironton startup - The company has refocused internal staff and partnered with external experts to ensure rapid response and troubleshooting during the startup phase [68][72] Question: Feedstock supply confirmation for Ironton - The company has confirmed feedstock availability with suppliers and has processed and unprocessed feedstock on-site ready for purification [110][112] Question: Capacity utilization needed to de-risk Ironton for better capital access - Technical risk is reduced once first pellets are produced, and project economic risk is reduced once the facility demonstrates stable operation at target rates [113]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For transition period from to Commission File Number 001-40234 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware State 86-2293091 (I.R.S. Employer Identification Number) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

Plant 1 project fund (Ironton, OH) $11.0 $13.2 $2.2 Other corporate requirements 1.5 1.3 (0.2) Capitalized Interest and Debt Reserves 46.7 38.0 (8.7) Total Available $416.1 $326.1 $(90.0) • $39.0M additional Ironton investment • $11.5M for Augusta purification and PreP investments • $7.2M payroll and benefits • $6.6M general corporate • $(11.8M) released from Augusta escrow Overview Ironton Global Finance Limited Waiver provides a mutually satisfactory agreement for PCT and the bondholders • $100 million ca ...

Financial Data and Key Metrics Changes - The company ended the quarter with over $326 million in total available liquidity [11] - Cash and debt securities available for sale decreased by $52.5 million from September [37] - The company anticipates investments in 2023 to complete the Ironton facility could range from $55 million to $80 million [37] Business Line Data and Key Metrics Changes - The Ironton facility is nearing mechanical completion, expected by early April, with plans to start producing ultra-pure recycled (UPR) resin pellets by the end of April [6][39] - The company aims to produce 55 million to 75 million pounds of UPR resin in 2023 [6] - The Augusta facility is in the early engineering phase with a startup plan for late 2024 [6] Market Data and Key Metrics Changes - The company has secured new feedstock and offtake relationships, with letters of interest signed representing a feedstock over-subscription at 125% and off-take nearly sold out at 75% [20] - The company announced a new purification facility at the Port of Antwerp, expected to produce up to 520 million pounds annually, with startup planned for early 2026 [20] Company Strategy and Development Direction - The company is focused on scaling operations at the Ironton facility and optimizing costs through operational excellence [41] - The company is actively pursuing joint ventures in Japan and South Korea, with site selection efforts narrowing down to two locations in Japan [17] - The company aims to leverage lessons learned from the Ironton project to improve execution and construction efficiency for the Augusta facility [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving operational milestones for the Ironton facility, despite previous delays [18] - The company is optimistic about the long-term economics of the Ironton facility and expects to see significant performance improvements as operations ramp up [37] - Management highlighted the importance of maintaining financial flexibility and optionality in capital raising efforts [50] Other Important Information - The company successfully negotiated a waiver with bondholders, which included operational milestone dates for the Ironton project [18] - A $150 million revolving line of credit was secured to support operations and bridge funding needs [38] Q&A Session Summary Question: Can you walk through the next four weeks regarding the Ironton facility? - Management indicated that the next four weeks will focus on finishing final touches and initiating the operations PSSR process, with all extruders nearly mechanically complete [43] Question: What is the status of feedstock sourcing? - Management confirmed that all feedstock requirements for Ironton are firmly sourced, and they are well-positioned for both feedstock and offtake [46] Question: What are the expectations for the Augusta facility's financing? - Management stated that they are evaluating financing options and maintaining flexibility to ensure compliance with the Augusta Economic Development Authority's requirements [50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-K _______________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40234 _______________________________ PureCycle Technologies, Inc. (Exact ...

PureCycle Technologies, Inc. (NASDAQ:PCT) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Charlie Place - Director, Investor Relations Dustin Olson - Chief Executive Officer Larry Somma - Chief Financial Officer Conference Call Participants Noah Kaye - Oppenheimer Hassan Ahmed - Alembic Global Eric Stine - Craig-Hallum Gerry Sweeney - ROTH Brian Butler - Stifel Thomas Boyes - Cowen Operator Ladies and gentlemen, thank you for standing by and welcome to the PureCycle Techn ...

Third Quarter 2022 Corporate Update November 10, 2022 1 TM Forward-Looking Statements Certain statements in this Presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements about the financial condition, results of operations, earnings outlook and prospects of PureCycle Technologies, Inc. ("PCT"). Forward-looking ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 PureCycle Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware State 86-2293091 (I.R.S. Employer Identification Number) 5950 Hazeltine National Drive, Suite 300 Orlando, Florida 32822 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...

PureCycle Technologies, Inc. (NASDAQ:PCT) Q2 2022 Earnings Conference Call August 12, 2022 11:00 AM ET Corporate Participants Charlie Place - Director, Investor Relations Dustin Olson - Chief Executive Officer Larry Somma - Chief Financial Officer Conference Call Participants Hassan Ahmed - Alembic Global Noah Kaye - Oppenheimer Eric Stine - Craig-Hallum Gerry Sweeney - ROTH Capital Thomas Boyes - Cowen Vivek Arora - Jefferies Operator Good day and thank you for standing by and welcome to the PureCycle Tech ...