Origin SPAC Presentation Deck slide image

Origin SPAC Presentation Deck

Anticipated to be fully funded to EBITDA profitability Cash Flow Sources & Uses from 2021E to Origin 2 Revenue in 2025E Gross Proceeds Less: Transaction fees and expenses Net Proceeds¹ Add: Project Financing Add: Local, State, and Federal Government Incentives / Support Less: Origin 1 Growth CAPEX Less: Origin 2 Growth CAPEX Less: Cash Flow from Operations '21 - '25² Remaining Cash to Fund Origin 3 and Beyond $925 (62) $863 $558 185 (70) (1,072) (218) $246 Origin 1 and Origin 2 Growth CAPEX Schedule³ ($Mn) Project Financed Growth CAPEX Local, State, and Federal Government Incentives / Support4 Equity Financed Growth CAPEX $111 $16 $95 $748 $126 $19 $107 2021E 22E $607 $277 $40 $46 2021E 23E Remaining Cash Balance from Current Transaction to Origin 2 Revenue5 ($Mn) Cash to Balance Sheet at Minimum PIPE: $863 22E $191 $364 $482 23E $399 $80 $3 24E $305 24E 1. Refer to slide 35 for additional detail. Assumes no share redemptions and none of the Artius warrants to acquire 35.5Mn shares are exercised. 2. Cash flow from operations calculated as EBITDA + Working Capital + Maintenance CAPEX from 2021 until reaching Origin 2 revenue in 2025. 3. Project financing and government incentives / support have not yet been secured. 4. Represents anticipated local, state and federal government incentives / support. 5. Defined as net proceeds less annual cash flow from operations less equity financed growth CAPEX for Origin 1 and 2. Excludes $1Mn existing cash. 6. Prior to Origin 2 operations date in 2025E. Source: Origin Materials management estimates. $147 $120 $24 $3 25E $246 25E6 ORIGIN 43
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