PureCycle Technologies : Second Quarter 2021 Corporate Update

Second Quarter 2021 Corporate Update

August 12, 2021

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 outcome of any legal proceedings to which PCT is, or may become a party, and the financial condition, results of operations, earnings outlook and prospects of PureCycle Technologies, Inc. ("PCT"). Forward-looking statements generally relate to future events or our future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current expectations of the management of PCT and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of this Presentation. There can be no assurance that future developments will be those that have been anticipated. These forward- looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the Company's Quarterly Report on Form 10-Q entitled "Risk Factors," those discussed and identified in public filings made with the SEC by PCT, and the following: PCT's ability to meet, and to continue to meet, applicable regulatory requirements for the use of PCT's ultra-pure recycled polypropylene ("UPRP") in food grade applications (both in the United States and abroad); PCT's ability to comply on an ongoing basis with the numerous regulatory requirements applicable to the UPRP and PCT's facilities (both in the United States and abroad); Expectations and changes regarding PCT's strategies and future financial performance, including its future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and PCT's ability to invest in growth initiatives; PCT's ability to scale and build the Ironton plant in a timely and cost-effective manner; PCT's ability to build its first cluster facility, located in Augusta, Georgia in a timely and cost-effective manner; PCT's ability to maintain exclusivity under The Procter & Gamble Company license; the implementation, market acceptance and success of PCT's business model and growth strategy; the success or profitability of PCT's offtake arrangements; the ability to source feedstock with a high polypropylene content; PCT's future capital requirements and sources and uses of cash; PCT's ability to obtain funding for its operations and future growth; developments and projections relating to PCT's competitors and industry; the outcome of any legal proceedings to which PCT is, or may become a party, including recently filed securities class action cases; the ability to recognize the anticipated benefits of the Business Combination; unexpected costs related to the Business Combination; geopolitical risk and changes in applicable laws or regulations; the possibility that PCT may be adversely affected by other economic, business, and/or competitive factors; operational risk; and the risk that the COVID-19 pandemic, and local, state, federal and international responses to addressing the pandemic may have an adverse effect on PCT's business operations, as well as PCT's financial condition and results of operations. PCT specifically disclaims any obligation to update this Presentation. These forward- looking statements should not be relied upon as representing PCT's assessments as of any date subsequent to the date of this Presentation. Accordingly, undue reliance should not be placed upon the forward-looking statements.

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2021 Quarter 2 Highlights

OPERATIONS

FEEDSTOCK

COMMERCIAL

FINANCE

•	Announced Plant 2	•	Built Feedstock R&D unit to	•	Progressed JV	•	Ended Q2 2021 with
	location in Augusta, GA		process #3-#7 bales with		discussions to bring PCT		$238M in unrestricted
•	Maintained Plant 1		advanced technologies		capacity to Asia		cash and investments
	schedule and budget	•	Began nationwide purchases	•	Advancing Cluster Plant	•	With site selection
•	Partnered with Emerson		of mixed plastic bales for		sales term sheets to		complete, evaluating
	evaluation and processing		definitive agreements		financing options
	to advance Born Digital
	strategy	•	Engaged in active	•	Broadened targeted	•	Preparing for long lead
•	Partnered with GulfSpan		negotiations for 300M+		verticals: packaging,		purchases in Q3 2021
	pounds of feedstock		automotive, home
	to secure module				products, construction,
	capacity for Augusta				and pharmaceutical

FINANCE COMMERCIAL FEEDSTOCK OPERATIONS

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Q2 2021 Update on Global Priorities

• North America- Ironton remains on track; Plant 2 location announced; Plant 3 site selection analysis underway

• Europe- Detailed site selection activities in process; finalizing feedstock strategy and supply chain analysis

• Asia Pacific- Working towards long term agreements; fielding additional inquiries for regional joint ventures

Map: https://www.freeworldmaps.net/

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On June 23, We Hosted Our Inaugural Investor Day

• Executive Summary - 100+ attendees across investment community and industry
• FEU Walkthrough - demonstrated our process in action and explained the unit operations that make up our purification process
• Feedstock Preprocessing - Highlighted our Preprocessing facility that uses infrared sorting and advanced water separation to characterize and optimize regional feedstock options
• Expo - Explained in further detail how we're executing against our strategy across construction, operations, digital, and commercial collaborations

FEU

Expo

Preprocessing

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