PureCycle Technologies(PCT) - 2023 Q2 - Earnings Call Presentation

Operational Highlights - PureCycle's core technology is operational and tested at commercial scale[19] - The Ironton facility is improving plant performance daily[18] - The Ironton facility has successfully commissioned all technologies[19] - The Ironton facility has over 10 million lbs of feedstock in inventory[19] Financial Highlights - PureCycle received $47.9 million in net financing proceeds during Q2[23] - The company extended its $150 million revolving line of credit through March 31, 2025[22, 28] - Total unrestricted cash decreased from $38.4 million on March 31, 2023, to $28.9 million on June 30, 2023, a decrease of $9.5 million[13] - Total restricted cash decreased from $225.5 million on March 31, 2023, to $187.4 million on June 30, 2023, a decrease of $38.1 million[13] - Total available liquidity decreased from $263.9 million on March 31, 2023, to $216.3 million on June 30, 2023, a decrease of $47.6 million[13] Growth Initiatives - PureCycle is ramping up efforts to market UPR for international offtake customers[12] - Projects in South Korea, Belgium, and Japan continue to progress[12] - Initial site development in Augusta is expected in 4Q23[22]