Agilyx — Investor Presentation 2021

Jan 21, 2021

Pareto Securities Power & Renewable Energy Conference

Tim Stedman, CEO

January 21, 2021

Making plastic a circular resource

Thispresentation(the"Presentation")hasbeenpreparedbyAgilyxAS,a Norwegianprivatelimitedcompanywithitsshares admittedtotradingonEuronextGrowth(Oslo)undertheticker "AGLX" (the"Company"). Inthis Presentation,references tothe"Company", "Group", "we", "our", "us",orsimilartermsrefer toAgilyx ASanditsconsolidated subsidiaries, except wherecontext otherwiserequires.

This Presentation hasbeenpreparedforinformationpurposesonly,anddoesnotconstituteor form partof,andshouldnotbeconstruedas,any offer,invitation or recommendation topurchase,sellorsubscribeforany securitiesinany jurisdiction andneitherthe issue oftheinformation noranything containedherein shall form thebasis of orbe reliedupon in connection with,oractasan inducementto enter into,any investmentactivity. Thispresentation does notpurport tocontainall of the information thatmaybe requiredtoevaluateany investmentin the Company orany of itssecuritiesandshouldnotbe reliedupon toform thebasis of,orbe relied on in connection with,any contract orcommitmentor investmentdecision whatsoever. This presentation isintended topresent background information on the Company, its business and the industry in which it operates and is not intended to provide complete disclosure upon which an investment decision could be made.

This Presentation isfurnishedby the Company,anditis expressly notedthat no representation or warranty, express or implied,astotheaccuracy or completeness ofany information included herein isgivenby the Company. The contents of this Presentation are not to be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice. Generally, any investment in the Company shouldbeconsidered asahigh-risk investment.

Unlessotherwisestated,the Companyisthesourceforinformationincludedin this Presentation.Informationprovidedon themarketenvironment,developments,trendsandon thecompetitivesituation isbasedondataandreportspreparedby thirdpartiesand/orthe Companybasedonitsowninformationandinformationderivedfromsuchthird-party sources. Thirdpartyindustrypublications,studiesandsurveysgenerally statethatthedatacontainedthereinhavebeenobtainedfrom sources believedtobereliable,butthatthereisnoguaranteeoftheaccuracy orcompleteness ofsuchdata.

This Presentation is current as of 21 January 2021. Neither the delivery of this Presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. This Presentation contains several forward-looking statements, including statements relating to the business of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets",and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources,are solely opinions and forecasts which aresubjecttorisks, uncertainties andother factorsthatmaycauseactualeventstodiffer materially from anyanticipateddevelopment.

Thedistributionofthis Presentationbythe Companyincertainjurisdictionsmayberestrictedbylaw.Accordingly,this Presentationmaynotbedistributedorpublishedinany jurisdictionexceptundercircumstancesthatwillresultincompliance with anyapplicablelawsandregulations.. ThisPresentation does notconstitute anoffer of,oraninvitationtopurchase, any securities.

THECOMPANY´S SHARESHAVENOT BEEN, ANDWILLNOT BE,REGISTEREDUNDERU.S. SECURITIESACT ORWITH ANY SECURITIESREGULATORY AUTHORITY OFANY STATEOROTHERJURISDICTIONINTHEUNITEDSTATES,ANDMAY NOT BEOFFEREDOR SOLD WITHIN THE UNITED STATES, OR TO OR FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON, EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIESACT AND INCOMPLIANCE WITHANY APPLICABLE STATE SECURITIES LAWS.

ThisPresentation issubjecttoNorwegian law,andanydisputearisinginrespectofthisPresentation issubjecttotheexclusivejurisdiction of Norwegian courts withOsloDistrict Court asfirst venue.

Important information

Agilyx AS©

Capital light, go-to-market strategy

Agilyx – key take-aways

Broad base of announced projects with chemical industry majors – significantly more in the pipeline

Well proven and advanced technology to enable a new, and fully circular life for plastic waste

• Packaging
• Electronics
• Agriculture
• Building & construction
• Healthcare
• Mobility & Transport
• Sports & Leisure
• Energy

Plastic has transformed modern life

…but plastic waste is a problem that needs to be solved now!

Source: 1) Geyer et al. (2017) ; 2) company estimate

Landfill

Waste plastics

Agilyx and Cyclyx enable a new and circular life to plastic waste

Chemical recycling True recycling increasing recycling rate from ~10 to ~90% (2)

Our technology powers the world's plastics recycling

UNDERSTANDING CHARACTERIZATION & APPLICABILITY OF FEEDSTOCK… …IS A KEY COMPETENCE TO OPTIMIZE PLASTIC-TO-PLASTIC CONVERSION

Cyclyx Sophisticated used plastic feedstock management Agilyx Plastic-to-plastic conversion technology

Product flexibility Enhance throughput Maximize yield

Optimize chemistry Product consistency Contamination control

We solve two of the main challenges: Sourcing of used plastics and Chemical recycling

Source: Company estimates; Note: Companies shown includes pyrolysis technology-focused players, chemical majors, waste & recyclers and gasification players

ATTRACTIVE COMPETITIVE POSITIONING AS THE MOST FULLY INTEGRATED PLAYER

Agilyx is a leader in the emerging waste plastic conversion landscape

Agilyx offering: Circular pathway by plastic type

PET	Polyethylene Terephthalate
PE	Polyethylene
PP	Polypropylene
PS	Polystyrene
PMMA	Polymethylmethacrylate

-

Capital light go-to-market strategy AGILYX SUPPORTS CUSTOMERS IN ALL PHASES OF A RECYCLING FACILITY

• Royalties technology license
• Operations and maintenance
• Feedstock optimization drives efficiency

Revenues (per 50 tons/day project)

Royalties; margins on feedstock volumes; operational support

Operations phase (20+ years)

Cyclyx understands the chemical complexity of waste plastics

WE COLLABORATE WITH PARTNERS TO BRING INNOVATIVE SOLUTIONS TO INCREASE PLASTIC RECOVERY AND REDIRECT PLASTIC WASTE INTO CIRCULAR PATHWAYS

Technical Expertise

New Supply Chains Consortium Approach

Cyclyx transforms waste plastic into a recyclable resource

Characterize & qualify waste plastic to meet customer specification/s

mechanical and chemical recyclers

Novel Sourcing & aggregation Methods

CUSTOMER DEMAND DRIVEN THROUGH CUSTOM DEVELOPED FEEDSTOCK

Overview of the Partnership

• Cyclyx collaboration with GE to apply Artificial Intelligence to a feedstock business
• IP and feedstock know-how; largest plastic waste database
• Provides low-cost feedstock to Agilyx customers and to Exxon
• Global focus targeting 300,000 tons annually by 2025 and 3 million tons annually by 2030
• Agilyx receives royalties for all feedstock processed by the system.

Landmark Agreement: Cyclyx Joint Venture

PROVIDING FEEDSTOCK ADVANTAGE TO AGILYX LICENSEES AND EXXONMOBIL

JDA , Artificial Intelligence

Solid base partnerships with industry majors

Agilyx and Braskem Announce Collaboration to Explore Advanced Recycling Project in North America

ExxonMobil, Agilyx form Cyclyx Joint Venture for Plastic Waste Recycling Dec 2020

Agilyx Signs Agreement with A.Eon. Converting Mixed Waste Plastics to Generate Electricity

RECENT ANNOUNCEMENTS	DATE	PARTNER
	Dec 2020
	Dec 2020	A.Eon
	Dec 2020
	Nov 2020
	Oct 2020

Agilyx and Toyo Styrene Advance Development of polystyrene to styrene polymer recycling facility in Chiba, Japan

AmSty and Agilyx Announce Completion of a Certified Circular Recycling Pathway for Polystyrene

Lucite International and Mitsubishi Chemical Corporation Advance Collaboration with Agilyx. Progressing development of circular solutions for PMMA

Active Development Pipeline

Expect to bring one new project into development on average every quarter

Capital light, go-to-market strategy

Agilyx – key take-aways

Broad base of announced projects with chemical industry majors – significantly more in the pipeline

Well proven and advanced technology to enable a new, and fully circular life for plastic waste

Join Agilyx in creating a new life for waste plastics