<ul><li>Origin Materials reported an adjusted EBITDA loss of USD 6.6 million in 4Q 2021, which was 1.7x the loss in Q4 2020 (USD 3.8 million). FY2021 net loss of USD 19.9 million contracted favorably compared to its guidance (USD 25 million) but increased by 121% compared to the loss in FY 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 5.6 billion—a 33% increase quarter on quarter (QoQ) and has increased more than fivefold since it went public in February 2021. 

• For FY2022, the company guides for an adjusted EBITDA loss of up to USD 36 million, expecting capital spending to be up to USD 155 million

Key operational highlights 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 Q3 2021.

<ul><li>Louisiana was selected as a location for its Origin 2 plant in February 2022—the plant is expected to be completed by mid-2025.</ul>

<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, 3) Alliance to End Plastic Waste to develop and deploy solutions to end plastic waste in the environment, 4) Mitsui & Co. Ltd. to develop advanced carbon-negative materials for a variety of industries; and 5) Minafin Group to produce high-value, bio-based chemicals on an industrial scale.</ul>