Origin SPAC Presentation Deck
Transaction Overview
Overview
Valuation
Capital
Structure
Ownership
Founded in 2008, Origin is the world's leading carbon negative materials company with a mission to
enable the world's transition to sustainable materials
Artius is a publicly listed special purpose acquisition company with $725Mn cash in trust
Closing is subject to Artius having a minimum cash amount of $525Mn across PIPE and cash remaining in
trust account after giving effect to any redemptions
$1,843Mn pro forma equity value of combined company¹
$999Mn Enterprise Value, implies 1.2x 2026E Revenue and 3.4x 2026E EBITDA¹
Earnout of 29.5Mn shares vesting equally based on share price thresholds of $15, $20 and $25 per share
within 3, 4 and 5 years, respectively2
Origin Materials shareholders rolling 100% of their equity
Transaction, inclusive of $200Mn PIPE financing, expected to result in $863Mn of cash³ to balance sheet,
anticipated to fully fund company's operations and capital expenditures until EBITDA positive
42.4% existing shareholders; 46.7% SPAC shares; 10.9% PIPE investors4
Artius has identified Origin Materials as a compelling investment opportunity and believes its disruptive platform
technology is uniquely positioned to decarbonize the materials industry supply chain
1. At a price of $10.00 per Artius share and assumes no redemption of public shares. Refer to slide 36 for additional detail.
2. Consists of 25.0Mn shares to Origin Shareholders and 4.5Mn shares to Artius upon release from forfeiture provisions upon achievement of earnout thresholds.
3. Refer to slides 35 and 43 for additional detail. Assumes no redemption of public shares.
4. Assumes no redemption of public shares, that none of the 29.5Mn earnout shares are issued and a PIPE of $200Mn.
ORIGIN
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