Agilyx — Earnings Release 2022

Nov 29, 2022

The Integrated Solution for Plastic Waste

Third Quarter Trading Update

29 November 2022

•Revenue generation is accelerating, with unaudited 9M22 revenue of \$12.7m (vs. \$1.4m 9M21)

•Projects continue to move forward

• Four projects in development
• One in licence/construction with clear line of sight for two more

•Cyclyx engagement is ramping up

• Progressing the first Circularity Center with ExxonMobil and LyondellBasell
• Pilot mixed waste collection program up and running
• •Completed uplisting to main Oslo Børs in September
• •Raised \$15m in oversubscribed offering to fund project development through to FID

On track to deliver our objectives

• •Revenue growth driven by Toyo construction revenue and Cyclyx feedstock sales
• •Positive gross profit contribution in the third quarter
• •\$15m capital raise ensures strong balance sheet and cash position

Revenue generation is accelerating

9M Revenue (unaudited)

\$12.7m

•Pipeline quality is improving with 33 projects identified as high priority
•Focus on driving projects into licensing and construction
• Expect two further licences in the next few months
• Placement proceeds accelerating development process
•Trustyrenyx partnership with Technip is yielding results:
• Kumho MOU to licence our technology in South Korea
• Increased proportion of polystyrene projects in pipeline (41% vs 29% in March)

Focused on pipeline conversion

Total Estimated Capacities In Development

Takeback Programs – Kingwood Currently Launching

Collection channels Circularity center Customers

Other companies are interested to join the effort as program participants!

New Landfill Diversion Takeback Program: All Mixed Plastic

Unique program enabling the public to drop off mixed plastic waste – all plastic types and forms – rather than single plastic types as required today.

Analysis will inform CCC planning

Waste mix and contamination levels will be analyzed to inform planning and processing requirements for the first CCC. All Kingwood diverted plastics will be processed in the CCC.

Location – Kingwood, TX* Population – ~81,700 Households – ~23,800

Replaces current Community Dropoff Program

Progressing the first Cyclyx Circularity Center (CCC)

Collection channels Circularity center Customers

All plastics are accepted

Robust and flexible compounding capabilities allowing it to produce custom feedstocks meeting many different product specifications

Dedicated tolling agreement signed to bridge to start up with CCC

650 to 900kt p.a. of processed volume

>>3mt p.a. longer term ambition

Mid-term Goals for 2025/26

2025/26 Objective: Agilyx Revenue of US\$200-300mn

Feedstock to Product Waste to Feedstock

✓ Step change of volume and expanded membership ✓ Dedicated processing capabilities to drive efficiency ✓ Ramping up additional CCCs in development in the US

✓ Driving 10 to 90® initiatives to increase feedstock sourcing

•Revenue generation is accelerating, with unaudited 9M22 revenue of \$12.7m (vs. \$1.4m 9M21)

•Projects continue to move forward

• Four projects in development
• One in licence/construction with clear line of sight for two more

•Cyclyx engagement is ramping up

• Progressing the first Circularity Center with ExxonMobil and LyondellBasell
• Pilot mixed waste collection program up and running
• •Completed uplisting to main Oslo Børs in September
• •Raised \$15m in oversubscribed offering to fund project development through to FID

On track to deliver our objectives

Appendix

Agilyx Value Proposition

The Integrated Solution for Plastic Waste

12 Presentation Title