Agilyx — Earnings Release 2023

Aug 22, 2023

Solid first half financial revenue; significant opportunity with Cyclyx

Solid first half financial revenue; significant opportunity with Cyclyx

OSLO, Norway – August 22, 2023 – Agilyx ASA (OSE: AGLX; OTCQX: AGXXF) (“Agilyx” or “the company”), a technology company that enables customers to recycle the most challenging post-use plastics to high-value, virgin-equivalent products, released its First Half 2023 Interim Report.

Tim Stedman, Chief Executive Officer said:

“We have delivered solid first half revenue, with growth driven by our Toyo Styrene project which is now being constructed on site in Japan. We have continued to see Agilyx projects move through the pipeline, however, progress has been slower than we would have liked, driven by macroeconomic conditions, and as a result we are reducing costs and focusing on circular pathways, targeting the development of three new projects per year going forward.

“Cyclyx revenue was impacted by reduced customer production capacity owing to facility maintenance, but since the period end, capacity and provision of feedstock has increased. We expect that Cyclyx volumes in the second half of the year will be substantially greater than what was delivered in the first half as they ramp up for the first Cyclyx Circularity Center (CCC), engineering for which is almost complete with construction expected to commence later this year.

“We continue to see significant opportunities with our TruStyrenyx partnership and Cyclyx feedstock offering to help solve the global challenge of plastic waste.”

The report is enclosed in this release and can be found at https://www.agilyx.com/investors/reports-presentations/

Agilyx ASA will host a virtual business update presentation (in English) today, Tuesday 22 August 2023, at 9:00 CET. The event will be held on Microsoft Teams with viewers able to ask questions at the end of the presentation.

A file with the presentation deck is attached to this announcement.

Join on Microsoft Teams:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_YTJjYjhkYzEtODE2Zi00MDdkLTllZDEtYWE4OGM1MTNiNTRk%40thread.v2/0?context=%7b%22Tid%22%3a%229f131df5-27e1-4bd9-965f-c612def301a8%22%2c%22Oid%22%3a%226eb26b1b-2e7d-4b90-82e1-030b4f17ae64%22%7d

Join on the Web:

https://www.microsoft.com/nb-no/microsoft-teams/join-a-meeting?rtc=1

Meeting ID: 296 225 653 897

Passcode: 4yHwVt

A recording of the presentation will be available after the event on our website at www.agilyx.com/investors/reports-presentations/

Enquiries

Louise Bryant, SVP Investor Relations & Sustainability

+44 7813 210 809 Louise.bryant@agilyx.com

Kate Ringier, VP Communications & Government Affairs

+ 41 43 883 0396 kate.ringier@agilyx.com

Notes to editors

Agilyx is a technology company that enables customers to recycle difficult-to-recycle post-use plastics to high value, virgin-equivalent products. With a focus on diversion and conversion of plastic waste, Agilyx is uniquely positioned with a molecular recycling technology offering and an integrated feedstock solution by way of Cyclyx, an innovative feedstock management consortium of partners that drives up global plastic recycling rates by chemically fingerprinting plastic waste and matching it to appropriate recycling processes. Agilyx was the first to establish a commercial scale closed loop plastic-to-plastic chemical recycling facility and holds over 17 patents. Agilyx conversion technology utilizes pyrolysis without a catalyst and can convert mixed waste plastic to naphtha and fuels or depolymerize specific plastics such as polystyrene and PMMA (acrylic) back into virgin-quality products.

Learn more at www.agilyx.com.

The information is such that Agilyx ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication from Agilyx Investor Relations and the contact person set out above. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.