<ul><li>Origin Materials reported an adjusted EBITDA loss of USD 5.7 million in 3Q21, which was 3x the loss in Q3 2020 (USD 1.9 million). The company maintained its previous full-year 2021 guidance , expecting an adjusted EBITDA loss of USD 25 million but at lower capital spend of USSD 45 million from USD 111 million expected in Q3 2020.</ul>

• The company is yet to generate revenue but reports that it has continued to see an increase in signed offtake agreements and capacity reservations, which has reached USD 4.2 billion, a 20% increase quarter on quarter (QoQ) and a 300% increase since it went public in February 2021.

Apart from this other key operational highlights as of Q3 2021 include:

• On track to complete construction of the Origin 1 plant by the end of 2022— Lifting and installation of the key production modules of Origin 1 were done during the quarter, selecting Worley Limited as an engineering partner. The ENCON evaporator module (a wastewater evaporator system developed by ENCON Evaporators company) is expected to be installed by the end of Q4 2021.

• Shortlisted 3 sites for its Origin 2 plant—the plant is expected to be completed by mid-2025, expecting to finalize a plant site by the end of 2021. New recruitments are ongoing for engineering and site selection project management teams.

• The company expects to utilize existing funds to construct both plants.

<ul><li>Continued partnerships to expand market presence: 1) Kolon Industries to industrialize carbon-negative chemicals and materials, 2) Drive+ Platform to expand its reach into the automotive sector and develop sustainability, and 3) Alliance to end Plastic Waste to develop and deploy solutions to end plastic waste in the environment.</ul>