Origin Materials, Inc. · NASDAQ:ORGN
Origin Materials — Q2 2025 Earnings Presentation
29 slides from Origin Materials's earnings presentation, Aug 14, 2025
Slide 1: Second Quarter 2025 Earnings Call
Second Quarter 2025 Earnings Call Enabling the world’s transition to sustainable materials August 14, 2025 ( COMPANY OVERVIEW )
Slide 2: Forward Looking Statements and Disclaimers
FORWARD LOOKING STATEMENTS AND DISCLAIMERS FORWARD-LOOKING STATEMENTS. This presentation and the accompanying oral presentation have been prepared by Origin Materials, Inc. (“Origin”) for informational purposes only and not for any other purpose. Certain statements included in this presentation that
Slide 3: Investment Highlights
ORIGIN MATERIALS MARKET INVESTMENT HIGHLIGHTS >$65B Total addressable market for Origin closures 100% PET CAP HIGH DEMAND ATTRACTIVE GROSS MARGINS 2026 REVENUE Recurring revenue model, $20M-$30M Origin has developed Mid double digit % breakthrough, proprietary current demand exceeds technology for P
Slide 4: Guidance at a Glance
GUIDANCE AT A GLANCE Origin will focus on product qualification and expanding With strong business fundamentals and a clear path forward, Origin benefits from high demand, significant barriers to entry, and strong strategic interest from both customers and partners. supply in 2025 to realize commerc
Slide 5: Origin Today
ORIGIN TODAY MANUFACTURING & COMMERCIAL MANUFACTURING COMMERCIAL Commenced production on First Substantial pipeline of prospective customers engaged CapFormer Line February 2025 in testing and qualification. First publicly named customer Berlin Packaging. LINES On track for 8 to 10 CapFormer lines i
Slide 6: Qualified for Water, in Stores Now
QUALIFIED FOR WATER, IN STORES NOW with carbonated soft drink qualification underway ORIGIN | 06
Slide 7: Our Team
OUR TEAM Origin brings an unrivaled set of industry veterans, leaders, and visionaries. John Bissell Matt Plavan Ryan Smith Josh Lee CEO | Co-Founder CFO | COO Chief of Product Strategy | General Counsel Founded Origin Materials Former CFO Cesca Co-Founder Attorney at Irell & Manella, in 2008 Therap
Slide 8: Board of Directors and Advisors
John Bissell Tony Tripeny Kathy Fish CEO & Co-Founder Chair Former Chief Research, Founded Origin Materials Former CFO at Corning, Inc; Development and Innovation in 2008 director at Mesa Officer at Procter & Gamble Laboratories, Inc. US EPA Presidential 41 years experience with Green Chemistry Awar
Slide 9: Caps & Closures Overview
OVERVIEW CAPS & CLOSURES ORIGIN | 09
Slide 10: First to Produce PET Bottlecaps at Scale
STRONG DEMAND PULL • Long history of market need for PET closure solution • Robust sales pipeline • Compatible with existing customer equipment FIRST TO PRODUCE • Cost-competitive with incumbent solutions PET BOTTLECAPS BETTER PERFORMANCE & SUSTAINABILITY • PET offers superior barrier properties vs
Slide 11: Customer – Berlin Packaging
CUSTOMER – BERLIN PACKAGING Berlin Packaging is the world’s largest Hybrid Packaging Supplier® with 1,700 global suppliers, over 55,000 SKUs, and over 100 locations across the globe. Berlin Packaging has agreed to purchase PET 1881 caps from Origin Materials for sale and distribution to its broad cu
Slide 12: Origin PET Caps vs PP/HDPE Caps
PCO1881 PCO1881 PP|HDPE CAP PET ORIGIN’s CAP NOT SAME MATERIAL ENABLES CIRCULAR ECONOMY caps contaminate PET bottle recycling Fully recyclable and can be made with 100% post-consumer streams recycled PET and used in food-grade applications PP | HDPE DOWNCYCLED SUPERIOR PERFORMANCE Typically reused i
Slide 13: Fundamental technology advantage – Origin PET caps beat alternatives
Fundamental technology advantage – Origin PET caps beat alternatives Origin has substantial patent protection and is set to lead a new category of closure Potential for shelf- Same material Can be made with Aesthetics Lightest weight Recyclable Drop in life improvement as PET bottle 100% recycled pl
Slide 14: Injection Molding vs Thermoforming
TRADITIONAL ORIGIN’S INJECTION MOLDING THERMOFORMING Plastic Hopper Pellets Heaters Part Heated Sheet Ram Mold Screw Mold Vacuum Vacuum Draw Draw Problem: Benefits: • Only certain plastics work well (HDPE/PP) • Caps are formed and stamped • Difficult to eject from traditional molds • Cycle time rema
Slide 15: Market | Demand
MARKET | DEMAND ORIGIN | 015 15
Slide 16: We are in market with our 1881 cap for water ($7B segment)
We are in market with >$65 BILLION CLOSURES MARKET our 1881 cap for water Food and Pharma Other Beverage $20B $18B Other Non-Beverage $17B ($7B segment) Hot fill, ready-to-drink, beer, wine, milk, sports Our current strategic prioritization targets five large functional segments. Each segment utiliz
Slide 17: Not Just Beverage Caps
NOT JUST BEVERAGE CAPS. Origin’s technology can be used to make many kinds of closures with PET. Note: Page not intended to represent that these are all Origin customers. Source: Press search and company websites. ORIGIN | 017
Slide 18: Starting with the Origin PET 1881
STARTING WITH THE ORIGIN PET 1881 Commenced production in February 2025. In market for flat water with CSD in qualification. CAP MATERIAL PET / rPET CONTAINER MATERIAL PET /rPET NECK FINISH 28mm PCO 1881 SECURTY SLIT TAMPER BAND WEIGHT 1.5 - 1.8g FILLING COLD | ASEPTIC BARRIER OF PET VS HDPE ~40X C0
Slide 19: Multiple Growth Levers
MULTIPLE GROWTH LEVERS Enable Origin to grow and win. 8X ADDITIONAL LINES NEW FORMATS ADDITONAL FEATURES LICENSING ~12 months from order to Potentially hundreds of E.g., tethers, tinting, Scaling through operation formats, & not just embossing partnerships beverages ORIGIN | 019
Slide 20: Origin CapFormer System
ORIGIN CAPFORMER SYSTEM Production in US PATENT PROTECTED Origin proprietary SCALABLE Multiple CapFormers INNOVATION Novel applications of kicked-off FEB 2025 manufacturing expected Factory thermoforming, Accepted by EOY proprietary technology PET Roll Sheet Heating Forming Trimming Slitting Simplif
Slide 21: CapFormer 1 Is Online Now
CF 1 Is in production now CF 2 Pending startup in Michigan CAPFORMER 1 CF 3 – CF 6 IS ONLINE NOW Expected to complete Factory Acceptance Testing on a rolling basis through Q4 2025 CF 7 – CF 8 Expected to complete Factory Acceptance Testing in the second half of 2026 ORIGIN | 021
Slide 22: Mass Production Partner – Royal Hordijk
MASS PRODUCTION PARTNER – ROYAL HORDIJK Hordijk is a leading Dutch producer of sustainable plastic packaging solutions in operation for over 100 years. Hordijk further diversifies Origin’s manufacturing footprint in response to continued pressure from U.S. tariffs on European imports. “At Hordijk, w
Slide 23: Investment Highlights
ORIGIN MATERIALS MARKET INVESTMENT HIGHLIGHTS >$65B Total addressable market for Origin closures 100% PET CAP HIGH DEMAND ATTRACTIVE GROSS MARGINS 2026 REVENUE Recurring revenue model, $20M-$30M Origin has developed Mid double digit % breakthrough, proprietary current demand exceeds technology for P
Slide 24: Appendix
APPENDIX ORIGIN | 024
Slide 25: CapFormer in Production
CAPFORMER IN PRODUCTION WATCH VIDEO HERE> WATCH VIDEO HERE> ORIGIN | 025
Slide 26: Anatomy of a PET Closure
2 3 4 1. Threads ANATOMY 5 1 2. Seal 3. Top Wall 4. Engraving OF A PET 5. Skirt 6. Tamper Evidence (TE) Band --- Bridges (Too Small To See Here) CLOSURE 6 ORIGIN | 026
Slide 27: Subsystem Supplier – PackSys Global
SUBSYSTEM SUPPLIER PackSys Global is the leading packaging machine producer for plastic closure slitting machines “PET closures can be a game changer for closure recycling. Most beverage closures are today made from HDPE and, while closure recycling rates are increasing, especially in Europe where c
Slide 28: Subsystem Supplier – IMDvista
SUBSYSTEM SUPPLIER IMDvista is a Swiss high-tech company specializing in the vision inspection of closures “At the end of the day, a PET closure is the right solution.” IMDvista Chief Sales Officer (CSO) Martin Gerber – May 2, 2024 Read announcement > ORIGIN | 028
Slide 29: Enabling the World's Transition to Sustainable Materials
ENABLING THE WORLD’S TRANSITION TO SUSTAINABLE MATERIALS.