Agilyx — Investor Presentation 2022

Sep 15, 2022

The Integrated Solution for Plastic Waste

Pareto Securities' 29th Energy Conference 2022

15 September 2022 Oslo

Agilyx – Unique integrated plastic recycling solutions

Agilyx is solving one of the greatest environmental challenges

…Which creates a huge TAM

Enormous amounts of plastic waste produced every year…

• EU: 50% recycling rate for plastic packaging by 2025
• UK: GBP 200 tax per ton on all plastic packaging with less than 30% recycled plastic
• US: recovery act called for \$500M in recycling infrastructure grants

We contribute to solving one of the greatest environmental challenges

440 million tons

Of plastic produced every year

8 billion tons

Of plastic accumulated since 1950

Up to 1,900 Agilyx plants by 2030

Up to 100+ million tons p.a.

Demand for Cyclyx Services

9% Of plastic is recycled

Regulatory requirements for plastic recycling tightening

We are the only company enabling an integrated truly circular business model

Source: Company data.

Waste to Feedstock… … Feedstock to Product

Waste to feedstock: sourcing and processing innovation Cyclyx provides multiple solutions to its wide member base

Services

30+ current members,

including all major plastic producers and large consumer goods companies

Expanding avenues for revenue generation above the pure volume-based royalty for Agilyx

PMMA (Polymethyl methacrylate)

Feedstock to product: We offer a differentiated, proven conversion technology with blue-chip partners

Core Technology

ROBUST PROCESS

allows broad range of plastic feedstocks & blends

NO CATALYST

allows contaminated feedstocks

ELECTRIFIED REACTOR

reduced carbon impact, renewable energy source

MULTIPLE PATHWAYS

Mixed Plastic Waste, PS, PMMA

Type of plastic

Mixed Plastic Waste

Polystyrene

Source: Company data. Notes: (1) Represents high priority projects. (2) Includes other pathways.

• Combining Agilyx and Technip's technologies
• Technip world leader in styrene technology
• Converting waste polymer to purified styrene monomer of exceptionally high quality
• Removing flame retardants
• Marketing and licensing by Technip Energies accelerates and broadens opportunities

Technology partnership with Technip for very hard-to-recycle polystyrene

TruStyrenyx™ - the only complete all-in-one technology solution for turning used polystyrene to new products

\$15M external funding secured for 150kt p.a. Cyclyx Circularity Center

Feeding both mechanical and advanced recyclers

Anticipated split: ~30% of waste plastic going to mechanical recyclers and ~70% delivered to advanced recyclers

All plastics are accepted

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

Dedicated toll processing agreement signed to bridge from 2H 2022 to CCC start up

Financed by partner(s)

• US\$14.8mn advanced funding approved
• Capacity increased from initial 60kt p.a. to 150kt p.a.

Building first of its kind, advanced plastic feedstock processing facility in Texas, turning waste to feedstock

We are now entering a phase of rapid growth…

Source: Companies' data.

Attractive standalone growth opportunity for Cyclyx

Forecast demand from existing customers…

kt p.a.

2031 demand represents only ~1% of the addressable market

Source: Companies' data.

…endorsed by recycling commitments of its members

0.3mt p.a. By 2025 1.0mt p.a. By 2030

1.0mt p.a. To be collected, reused or recycled by 2030

2.0mt p.a. Of recycled and renewable based polymers by 2030

0.5mt p.a. Of recycled material to be used by 2032

10bn PET bottles to be recycled by 2030

85% Of production volumes to be recycled by 2025

Select examples of member public announced commitments (not Cyclyx volumes)

650 to 900kt p.a. of processed volume

>>3mt p.a. longer term ambition

Mid-term goals for 2025/26

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

Our 2025/26 Objective: Revenue of \$200-300M

Agilyx – Unique integrated plastic recycling solutions

Agilyx is solving one of the greatest environmental challenges