Origin Materials : Presentation Document (ORGN 4Q2024 Presentation vFINAL)
ORGN
Fourth Quarter 2024 Earnings Call
Enabling the world's transition to sustainable materials.
March 13, 2025
Guidance at a glance
Strong business fundamentals and clear path forward
Strong demand, high barriers to entry, strong strategic interest in Origin across customers and partners
Origin will focus on expanding supply in 2025 to realize substantial revenue in 2026.
8 CapFormer Lines
Expected in 2025
Attractive Gross Margins
Mid double digit %
Expected for our first cap - 1881 format
$110-140M Revenue
Expected 2026
Capital Cost Per Line
Single digit millions
Positive EBITDA in 2026
on run-rate basis expected
Healthy Cash Floor
Anticipated at All Times
To be supported by equipment financing and corporate debt
3
Origin is 1st to market with commercial PET cap
Strong demand pull
Better performance and sustainability
Improves recycling circularity
>$65 Bn Market
Origin's PET caps on commercial bottling line
4
1 Currently the materials most used to make CSD 1881 compliant bottle caps.
We are going to market with the Origin PET 1881
Commenced commercial production in February, 2025
Product Information
Cap Material
PET / rPET
Container Material
PET / rPET
Neck Finish
28mm PCO 1881
Security
Slit Tamper Band
Weight
1.5-1.8 g
Filling
Cold / Aseptic
Barrier of PET Material
~40x carbon dioxide
vs HDPE
~30x oxygen
Capsule Type
1 Piece
Seal Function
Plug Seal
Cap Color
Transparent / Custom
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Manufacturing and commercial progress
Manufacturing Capacity Build Out
Commenced Commercial Production of First
CapFormer Line February 2025
On Track for Eight CapFormer Lines in 2025, Ramping to
2026 Revenue Expectation of $110M to $140M
Arranging Debt Financing to Ramp Manufacturing Capacity and Maintain Healthy Cash Floor, No Additional Equity Capital Anticipated
Commercial
Growing Pipeline of Prospective Customers Engaged in Testing
and Qualification
Caps Being Tested by Some of the Largest and Most Famous Brands in the World, Demonstrating Commercial Pull-Through
Multiple Signed Customer MOUs, Beverage Products with Origin Caps Anticipated on Shelves in 3Q 2025 or Potentially Late 2Q 2025
As of March 13, 2025.
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Origin CapFormer System
Thermoforming plus proprietary design elements
Simplified overview of CapFormer System
PET Roll Sheet
Heating
Forming
Trimming
Finishing
Collection
Milestone, February 2025: Commencement of Production
Novel Applications of Thermoforming, Slit-and-Fold Technology, and Key Proprietary Design Elements.
Watch CapFormer video >
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Origin PET cap manufacturing overview
Mass Production Partners: Operate Origin CapFormer Systems
Origin anticipates owning lines & potentially licensing lines for rapid scaling
Manufacturing Equipment Subsystem Suppliers
Thermoforming
Slit and Fold
Optical
Inspection
Equipment
Equipment
Equipment
Recycled or Virgin PET Sheet
Origin PET Caps
Customers
Bottling Line
Consumers
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Fundamental technology advantage
Origin PET caps beat alternatives
Origin has substantial intellectual property enabling it to lead a new category of closure
Recyclable
Cost competitive production
Drop in
PET material offers improved barrier
Same material as PET bottle
Can make using 100% recycled plastic
Lightest weight material for equivalent barrier
1
HDPE/PP
Incumbent
2 / 5
X
X
X
X
Alternative PET Cap Methods
None currently commercially viable
1
X
X
?
?
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Multiple potential growth levers
enable Origin to scale and win
Additional Lines
Technology
Advancement
More throughput and
efficiency per line
New Formats
Potentially hundreds of
formats, & not just
beverages
Additional Features
E.g., tethers connecting caps
to bottles
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Disclaimer
Origin Materials Inc. published this content on March 13, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 13, 2025 at 20:27:15.574.