Agilyx — Investor Presentation 2022

Jan 10, 2022

Carnegie Clean Tech Seminar – Circular Economy January 11, 2022

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.

ThisPresentationhasbeenpreparedforinformationpurposesonly, anddoesnot constituteorformpartof, andshouldnot beconstruedas, anyoffer, invitationorrecommendationto purchase,sellorsubscribe forany securitiesinany jurisdictionandneither theissueoftheinformationnoranythingcontainedhereinshallformthebasisoforberelieduponinconnectionwith,oractasaninducementtoenterinto,anyinvestmentactivity.Thispresentationdoesnotpurporttocontainalloftheinformationthatmaybe requiredtoevaluateany investmentintheCompanyoranyofitssecuritiesandshouldnotbereliedupontoformthebasisof,orbereliedoninconnectionwith,anycontractorcommitmentorinvestment decisionwhatsoever.Thispresentationisintendedto present background information ontheCompany, itsbusiness andthe industry inwhichitoperates andisnotintended toprovide complete disclosure uponwhichaninvestment decision couldbemade.

ThisPresentationisfurnishedbytheCompany,anditisexpresslynotedthatnorepresentationorwarranty,expressorimplied,astotheaccuracyorcompletenessofanyinformationincludedhereinisgivenbytheCompany.ThecontentsofthisPresentationare notto beconstruedasfinancial, legal, business, investment,taxorother professional advice. Eachrecipientshould consultwith itsown professionaladvisorsfor any suchmatterandadvice.Generally, any investmentintheCompany should beconsideredas a high-risk investment.

Unlessotherwise stated,theCompany isthesourceforinformationincludedinthisPresentation.Informationprovidedonthemarket environment, developments,trendsandonthecompetitivesituationisbasedondata andreportspreparedby thirdparties and/ortheCompany basedon itsown informationand information derived fromsuch third-party sources. Third party industry publications,studies and surveys generally state thatthe data contained therein have beenobtained fromsources believed to be reliable, butthatthere isnoguarantee ofthe accuracyorcompleteness ofsuchdata.

ThisPresentation is current as of 11 January 2022. Neitherthe delivery ofthisPresentation nor any further discussions ofthe Company withany ofthe recipientsshall, under any circumstances, create any implicationthatthere has been no change inthe 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 circumstancesandresultsandotherstatementsthatarenothistoricalfacts,sometimesidentifiedby thewords "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", andsimilar expressions. The forward-looking statements containedinthisPresentation, includingassumptions, opinions andviewsoftheCompanyor cited fromthirdparty sources, are solely opinions andforecastswhich are subjectto risks, uncertaintiesandotherfactorsthatmay cause actualeventstodiffermaterially fromanyanticipated development.

The distribution of this Presentation by the Company in certain jurisdictions may be restricted by law. Accordingly, this Presentation may not be distributed or published in any jurisdiction except under circumstancesthat will result in compliance with any applicable lawsandregulations.. ThisPresentation doesnot constitute anofferof,oraninvitation topurchase, any securities.

THE COMPANY´S SHARESHAVENOT BEEN,ANDWILLNOT BE, REGISTEREDUNDERU.S. SECURITIESACTORWITHANY SECURITIESREGULATORY AUTHORITYOFANY STATEOROTHER JURISDICTIONINTHEUNITEDSTATES, AND MAYNOT 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. SECURITIESACTANDINCOMPLIANCEWITHANYAPPLICABLE STATE SECURITIESLAWS.

ThisPresentation issubjecttoNorwegian law,andanydispute arising inrespect ofthisPresentation issubjecttotheexclusive jurisdiction ofNorwegian courtswithOsloDistrict Courtasfirst venue.

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

Solving the Challenge – Making Waste a Usable Feedstock

DESIGN CUSTOM FEEDSTOCKS

• 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.

MANAGE FEEDSTOCK SUPPLY

Solving the challenge – Converting Feedstock to Value

• No catalyst increases supply of usable feedstock
• Proven process >16,000 hours of operation

Unique conversion technology

Patented

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

Revenue streams; per ton, per plant and services

• 2025/2026 target of \$200-300 million

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

Appendix

Solid Foundations: Positioned For Developing Opportunity

• Leader in advanced mixed-waste plastics recycling solutions
• Diversified revenue streams from technology license, equipment sales, operating royalties and feedstock service fees
• Working with a broad range of industries focused on petrochemical, retail and technology
• Sophisticated feedstock management and analytics

Overview Corporate Structure and Key Activities

Agilyx: Industry partners secured to accelerate commercialization

DATE	PATHWAY	TYPE	REGION	PARTNER
August 2021	SSBR	New plant development	South Korea
June 2021	Polystyrene/Styrene	Technology Alliance	Global
April 2021	Polystyrene/Styrene	New plant development	USA
March 2021	Mixed Waste Plastics	Technology/EPC Alliance and development of new plants	Global
Dec 2020	Mixed Waste Plastics	New plant development	USA
Dec 2020	Cyclyx	JV formation	Global
Dec 2020	Mixed Waste Plastics	New plant development	Australia	A.Eon
Dec 2020	Polystyrene/Styrene	Project advancement	Japan
Oct 2020	PMMA	Project advancement	Global

Announcements: Cyclyx

12 Confidential & Proprietary. Agilyx Corporation ©

12

ANNOUNCEMENT	DATE	PARTNER / MEMBER
Cyclyx developing first of its kind specialized high volume plastic recovery facility on Gulf Coast to support advanced recycling	December 15
Corning Joins the Cyclyx Consortium	November 4
Cyclyx Welcomes Reynolds Consumer Products as its Newest Member to Advance the Recovery of Post-Use Plastic	September 23
Casella Waste Systems Joins Cyclyx Consortium as Founding Member	September 21
MilliporeSigma Joins Cyclyx as Founding Member	September 17
Sonoco Joins Cyclyx as Newest Member	September 16
INEOS Styrolution Joins Cyclyx as Founding Member	August 16
LyondellBasell Joins Cyclyx as Founding Member	August 12
Chevron Phillips Chemical Joins Cyclyx as Founding Member	July 6
Cyclyx International welcomes North American Plastics as new member	May 21
Braskem joins Cyclyx as Founding Member	April 20
Cyclyx Receives ISCC PLUS Certification for its Circular Recycling Pathway	April 6
AmSty joins Cyclyx International as Founding Member	March 17