Agilyx — Investor Presentation 2021

Dec 1, 2021

Leading the way to make plastics circular

Bank of America Materials & Infrastructure Conference December 2021

Important Information

This presentation (the "Presentation") has been prepared by Agilyx AS, a Norwegian private limited company with itsshares admitted to trading on Euronext Growth (Oslo) underthe ticker "AGLX" (the "Company"). In this Presentation, referencesto the "Company", "Group", "we", "our", "us", orsimilartermsrefertoAgilyx ASandits consolidated subsidiaries, exceptwhere context otherwise requires.

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PLASTIC MARKET IS EXTREMELY LARGE AND REQUIRES RADICAL CHANGE

Plastic is everywhere

• 360 million tons produced per year; 580 billion USD; CAGR 4-5% (*)
• 10 billion tons accumulated production since 1950
• 85% of waste plastic is not recycled, equivalent to 6000 Agilyx systems

Environmental Legislation

• 800 EUR per ton tax in Europe
• 50 % recycled content in packaging by 2025

Market opportunity

• Major environmental problem
• Major source of value
• Political and popular will to address

AGILYX´S GOAL and OFFERING:

Enable a global step change in recycling

Main challenges

• ➢ Supply – waste plastics are variable; complex and contaminated
• ➢ Demand – how to maximize use of existing infrastructure
• ➢ Conversion – economically convert waste to valuable products
• ➢ Scale – volume to create value

Agilyx is unique in offering the integrated solution

Agilyx: The Integrated Solution

Only chemical recycler offering integrated feedstock technology solution

1 st commercial-scale plasticto-plastic recycling

Proven for both Mixed Waste Plastic and Polystyrene

Supply. Demand. Conversion. Scale

Solving the Challenge – Making Waste a Usable Feedstock

DESIGN CUSTOM FEEDSTOCKS

MANAGE FEEDSTOCK SUPPLY

• Creating dynamic feedstock recipes to meet specific customer need.

• Preprocess waste according to client needs.

• Network effect drives down price and

• Driving demand, expanding market.

• Create custom supply chains.

increases scale.

+ Active Member Discussions > 215

Solving the challenge – Converting Feedstock to Value

Unique conversion technology

• No catalyst increases supply of usable feedstock
• Proven process 16,000 hours of operation
• Powered by 15 years of operating history

Patented

• 16 technology patents
• Patented and Proprietary conversion equipment
• Database containing operating metrics and 2000 chemical trials

Revenue streams; per ton, per plant and services

waste value profits

Per ton feedstock ▪ Royalty USD 25-30 per ton (*) ▪ 2025/26: 550-800 K tons per year target ▪ 2030 >3 million tons per year target ▪ 11 fee paying partners/customers ▪ Continuously revised Per plant ▪ Revenue of USD 33-50 million per 100 tons per day plant ▪ ½ construction phase ▪ ½ royalties ▪ 25-50 % EBITDA (*) ▪ Solid sales pipeline, >9 announced project ▪ One new project per quarter on average Services ▪ Operations consulting, spare parts, royalties on offtake ▪ Cost coverage and paid R&D ▪ Sales foothold – enabling plants and pounds

8

(*) Analyst estimate Supply. Demand. Conversion. Scale

2025/26 Target: Agilyx Revenue of \$200-300M

550,000 to 800,000 tons per annum

Consistent with longer term ambition for > 3,000,000 tons p.a.

North America
South

Europe

America

Asia

500 TPD in operation

1,500 to 2,000 TPD in development/construction

Consistent with longer term ambition for 1 500+ TPD in operation

Supply. Demand. Conversion. Scale

What's up next?

• Expanding pipeline of global projects
• Toyo decision on moving to construction expected imminently
• Other projects into construction in 2022 in line with 500TPD in operation by 2025
• Increasing partners and revising targets for Cyclyx