Agilyx — Investor Presentation 2025

Oct 22, 2025

Investor presentation

Contemplated issue of convertible bonds

October 2025

Disclaimer (1/2)

This presentation (the "Presentation") has been prepared by Agilyx ASA ("Agilyx", the "Company" or the "Issuer" and together with its subsidiaries, the "Group"), solely for information purposes in connection with a proposed issue of unsecured subordinated convertible bonds (the "Bonds") by the Issuer. Cyclyx International, LLC ("Cyclyx") is not consolidated into the Company's financial statements and is hence not formally part of the Group. The Issuer has appointed Arctic Securities AS and DNB Carnegie, a part of DNB Bank ASA (the "Managers") as managers for the contemplated offering of the Bonds. By attending a meeting where this Presentation is made, or by agreeing to receive this Presentation, you agree to be bound by the following terms, conditions and limitations.

The contents of this Presentation have not been reviewed by or registered with any regulatory authority or stock exchange and does not constitute a prospectus. The Presentation is for information purposes only and does not in itself constitute an offer to sell or issue or a solicitation of an offer to buy or acquire any securities in the Company in any jurisdiction or any inducement to enter into investment activity. This Presentation should not be deemed to constitute investment advice by the Company, the Managers or any of their directors, officers, agents, employees or advisers. By reading this Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and the Group, and that you must make your own independent assessment of the information contained in the Presentation after making such investigations and taking such advice as you deem necessary. In particular, any estimates, projections, opinions or other forward-looking statements contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient of this Presentation (each a "Recipient") should make its own verifications in relation to such matters. Each Recipient should consult its own legal, business, investment and tax advisers to legal, business, investment, accounting, regulatory and tax advice.

To the extent this Presentation contains forward-looking statements, these statements involve known and unknown risks, uncertainties and other factors which may cause the involved Group's and/or GreenDot Global's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These statements are only predictions. Actual events or results may differ materially. In evaluating these statements, prospective investors should specifically consider various factors. These factors may cause the actual results to differ materially from any forward-looking statement. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement. Neither the Issuer, the Managers, nor any of their parent or subsidiary undertakings or affiliates or any such person's directors, officers, employees, advisors or representatives (collectively, the "Representatives") provides any assurance that the assumptions underlying such forward-looking statements are free from errors, nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments. You are cautioned not to place any undue importance on any forward-looking statement. None of the Issuer, the Managers nor any of their Representatives assumes any obligation, except as required by law, to update any forward-looking statements or to confirm these forward-looking statements to its actual results.

No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained in this Presentation. Accordingly, neither the Company nor the Managers accept any liability whatsoever arising directly or indirectly from the use of this Presentation, including any reproduction or redistribution.

The information and opinions contained in this Presentation are provided as at the date of this Presentation and may be subject to change without notice. Neither the Company nor the Managers intend to, and do not assume any obligation to update the Presentation, or to review or confirm, or to release publicly or otherwise to investors or any other person, any revisions to the information contained in this Presentation to reflect events that occur or circumstances that arise after the date hereof.

Disclaimer (2/2)

Each Recipient acknowledges that it will be solely responsible for its own assessment of the market and the market position of the Company and the Group, and that it will conduct its own analysis and be solely responsible for forming its own view of the potential future performance of the Company, the Group and its business. The content of this Presentation shall not be construed as financial, legal, business, investment, tax or other professional advice. Each Recipient should consult with its own professional advisers for any such advice. Each Recipient must carefully read and consider the risk factors described in slides 30 to 40 of this Presentation.

The Managers have not by themself, or by external advisors, carried out any independent due diligence investigations of the Issuer. No formal due diligence investigations (neither legal, commercial nor technical) or other third party verifications have been carried out by or on behalf of the Managers other than conducting a due diligence call and obtaining certain customary written confirmations from the Issuer and its representatives, including a declaration of completeness signed by the Issuer whereby the Issuer has confirmed, to the best of its knowledge, that the investor documentation in all material respects is correct and not misleading. Prospective investors acknowledge and accept the risks associated with the fact that only limited investigations have been carried out. The information contained in this Presentation has been obtained from the Issuer or its Representatives. The Managers have not independently verified the information contained in this Presentation. While the information herein is believed to be in all material respects correct, the Issuer and the Managers and their Representatives make no representation or warranty, express or implied, as to the fairness, accuracy or completeness of any information contained in this Presentation, or regarding any other additional information which has or will be made available to the recipients in connection with any investment in the Bonds, and it should not be relied upon as such. None of the Issuer or the Managers or any of their respective Representatives shall have any liability arising directly or indirectly from the use of this Presentation or its contents or otherwise arising in connection with this Presentation.

This Presentation is not for presentation or transmission into Australia, Canada, Hong Kong, Japan, Switzerland or United Kingdom. This also applies to the United States or to any U.S. person, as that term is defined under Regulation S promulgated under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act").

The Company has not taken any actions to allow the distribution of this Presentation in any jurisdiction where action would be required for such purposes. The distribution of this Presentation may be restricted by law in certain jurisdictions, and persons into whose possession this Presentation comes should inform themselves about, and observe, any such restriction. Any failure to comply with such restrictions may constitute a violation of the applicable securities laws of any such jurisdiction. The Company shall not have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this Presentation or its contents or otherwise arising in connection with the Presentation.

This Presentation does not constitute an offer of, or an invitation to purchase, any of the Bonds in any jurisdiction in which such offer or sale would be unlawful. This Presentation does not constitute or form part of any public offer of securities and no one has taken any action that would permit a public offering of the Issuer's securities in any jurisdiction. No prospectus has been or will be prepared in connection with the invitation to participate in a potential investment in the Issuer's securities in any jurisdiction.

Please see the application form for further applicable selling and transfer restrictions.

The Managers and/or their employees may hold bonds or other securities or interests in the Issuer and may, as principal or agent, buy or sell such securities. The Managers may have other financial interests in transactions involving these securities. The Managers are acting only for the Issuer and will not be responsible to anyone other than the Issuer for providing the protections afforded to clients of the Managers or for providing advice in relation to any potential offering of securities of the Issuer.

This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts, with Oslo District Court as exclusive venue.

Today's presenters

Chief Executive Officer Chief Financial Officer

• 20+ years of financial investment activity in technology and growth companies as MD of Saffron Hill Ventures
• Chairman of Cyclyx International, Board member of GreenDot Global, and of Coyuchi Inc., and former Agilyx Board member

Ranjeet Bhatia Bertrand Laroche

• 19 years as a finance leader with a proven track record in investment management, strategic planning, capital raising, mergers and acquisitions
• Deployed over \$250 million in direct private equity and venture capital transactions across energy, infrastructure and climate technology

Relevant experience Relevant experience

Agilyx at a glance

Company overview

• Founded in Longview, Washington as Plas2Fuel in 2004, Agilyx is focused on solving the plastic waste crisis through innovative plastic recycling solutions
• Styrenyx specializes in advanced recycling, converting difficult-to-recycle polystyrene into styrene utilizing non-catalyzed pyrolysis
• Cyclyx, a joint venture between Agilyx (50%), ExxonMobil (25%) and LyondellBasell (25%), is focused on turning difficult-to-recycle post-use plastics into high-value feedstock
• The recent GreenDot investment (44%) gives Agilyx access to immediate scale in Europe with an established recycling brand generating strong EBITDA, and creates an opportunity to leverage its US-focused Cyclyx expertise to capture advanced recycling margins in Europe
• Agilyx operates with 20 active patents across North America, Europe, the Middle East and Asia to drive innovation in the circular economy by transforming plastic waste into reusable resources

Business Segments

US based. Own and operate Cyclyx Circularity Centers (CCC's) producing waste plastic feedstock

Cyclyx, the joint venture with ExxonMobil and LyondellBasell, owns and operates feedstock management centers that source plastic waste and produce feedstock for mechanical and advanced recyclers

Develop and sell conversion technology for plastic waste recycling

Sell reactor technology and source equipment to 3rd party owners and operators to chemically recycle polystyrene waste back to its original building blocks for re-use in virgin-quality products

Key highlights

Stock Exchange since September 2022

Market
capitalization of
NOK 2.6bn
(USD 258m
equivalent)1

E‰onMobil

Industrial scale 1st

facility with
USD 135m
investment from
ExxonMobil and
LyondellBasell

Second facility is now in development with 15% returns to Agilyx

EU Plastic circularity platform producing waste plastic feedstock

Leading recycling brand managing waste packaging for corporates with access to high volumes of plastic. Utilizes existing sorting facilities to expand into production of feedstock for mechanical and advanced recycling

Agilyx invests EUR 52m in GreenDot for 44% of shares

Transformational investment into GreenDot

• On October 15^th Agilyx acquired a 44% strategic stake in GreenDot Global Sarl, an established, profitable, unlisted European plastic waste processing company
• The investment gives Agilyx access to immediate scale in Europe with an established recycling brand generating strong EBITDA, and creates an opportunity to leverage its US-focused Cyclyx expertise to capture advanced recycling margins in Europe.
• Transaction was funded with a combination of shares (EUR 32m) and cash (EUR 20m) consideration.
• Remaining GreenDot shareholders completed a EUR 27.5m capital increase into GreenDot.

GreenDot company highlights

GreenDot Germany estimated financials for 2025 EUR 380m in revenues and EBITDA of EUR 18.6m and consolidated EBITDA of EUR 12m.

Processes 1 million tons per year of packaging waste in Germany, Italy and Austria

Current Corporate Structure

Agilyx is now the largest shareholder of GreenDot, together with leading infrastructure fund, Pioneer Point Partners and plastic recycling innovator, Circular Resources.

As part of the transaction key GreenDot shareholders exchanged into AGLYX shareholders, including CapMont, Circular Resources, and REED – Societe Generale Group.

Strong presence in the industry´s fastest growing plastic waste markets: the US and Europe

• Agilyx is headquartered in Oslo, with two offices in the US in Portland, Oregon and Portsmouth, New Hampshire
• Cyclyx has its first facility under construction in Houston, Texas, and a second facility in engineering in Dallas-Fort Worth, Texas
• Investment of EUR 52m for a 44% interest in GreenDot adds scale in Europe – GreenDot is the EU's largest waste plastic recycling platform, with operational infrastructure in Germany and Italy/Austria
• Styrenyx polystyrene recycling technology is powering Toyo's (a member of Denka Group) facility in Chiba, Japan

Feedstock availability is the cornerstone of the advanced recycling industry

Why Feedstock? Expected market shortage creates a +€3 billion margin opportunity by 2030

GreenDot: 35 years of leadership in recycling, first mover in production of feedstock for advanced recycling in Europe and control of large volume of plastic waste

• GreenDot Global has operational infrastructure in Germany, Austria and Italy
• Licensed across 29 countries, it is the most recognized recycling brand in Europe

• Extended Producer Responsibility (EPR): GreenDot charges businesses to collect, sort, and recycle their waste packaging
• GreenDot owns this plastic waste and routes it to recycling channels(advanced, mechanical) or incinerators and landfills
• Partners with brand ownersto provide a unique end-to-end solution for their food packaging

€380m FY25 contracted sales €18.6m EBITDA in Germany €12m consolidated FY25E 100,000 Customersselling productsin Germany 35-year track record in circularity 1m tons /yr Packaging waste recycled 300k tons /yr Plastic waste processed Key statistics

GreenDot Global core business is a profitable stable mature business And Agilyx investment is catalyzing growth into high margin advanced recycling

• GreenDot has been a producer of feedstock for Advanced Recycling in Europe for 5 years with the largest installed capacity
• First investments in facilities already made
• Utilizes existing sorting facilities in Austria and Italy, and rejects from its mechanical recycling plantsto produce feedstock for Advanced Recycling
• Has negotiated contracts or is in discussions to supply feedstock to 19 of circa 40 announced Advanced Recycling projects in the EU. EBITDA contribution ranges €100/t to €250/t.
• Existing pipeline of 8 contracts has the potential to deliver an incremental of more than €20m EBITDA. p.a. by 2030

Cyclyx hasraised USD ~270m to finance the first two Circularity Centers

Break-through investment by ExxonMobil and LyondellBasell in October 2023 to finance the first Center

Final investment decision in November 2024 forsecond Center

• ExxonMobil and LyondellBasell invest a total of USD 135minto Cyclyx to finance the development of the first Center in Houston, Texas
• Agilyx did not invest capital into the first center
• Implied valuation USD ~400m, valued Agilyx position at USD ~200m
• Total investment commitment of USD 135m by all stakeholders finances a second Center, located in Dallas-Fort Worth, Texas
• Agliyx capital contribution financed by a USD 40m equity issue in August 2024 and a USD 50m bond issue in November 2024(2)

Post money valuation of Cyclyx USD ~400m(1)

Total committed capital across two centers

USD ~270m

⁽¹⁾ Based on an implied transaction value for Cyclyx of c. USD 400m as of October 2023 capital raise using total consideration from ExxonMobil and LyondellBasell of USD 135 million and 33% equity dilution at Agilyx (ownership in Cyclyx reduced from 75% to 50%). This valuation differs from financial statements

First facility under construction and second facility in engineering

10-year offtake commitments with ExxonMobil and LyondellBasell for both Circularity Centers

⁽¹⁾ Agilyx estimate and subject to Cyclyx board approval and final scoping

⁽²⁾ Commissioning has been delayed, but is now expected mid 2026

Summary of Agilyx economics on second facility

Second Circularity Center(Dallas): estimated economics and flow of funds

Offtake: Cost + model @ 15% unlevered IRR

Agilyx funded \$67.5m capital investment. Agilyx receives an annual royalty of \$2.5m, and a 15% IRR by way of a c. \$9.3m direct payment and an indirect 50% share of the \$7m profits of the second center - total \$15.3m

Cyclyx buildout of 5 facilities expected to yield EUR 55m of income to Agilyx by 2030

Capital structure

• Corporate level

• o AGLX01 bond interest cost of approximately USD 1.7m per quarter
• o G&A around USD 0.6m per month
• o The shareholder loan used to close on GreenDot acquisition will be refinanced with CB and has no cash impact on the company
• o USD 60m of GreenDot shares held by AGLX are not included in the capital structure to the left

• Cyclyx investments

• o 2026 cash calls from unrestricted cash expected around USD 2m per quarter
• o Expectation for C2 cash calls of around USD 20m in Q2 and Q3 2026 is funded by USD 40m existing restricted cash balances in escrow

LTV and asset backing

¹⁾ Based on an implied transaction value for Cyclyx of c. USD 400m as of October 2023 capital raise using total consideration from ExxonMobil and LyondellBasell of USD 135 million and 33% equity dilution at Agilyx (ownership in Cyclyx reduced from 75% to 50%). This valuation differs from financial statements

²⁾ As of 21October 2025

³⁾ Minimum size / total framework convertible bond issue

Agilyx ASA foundationslaid tomeet rapidly-increasing demand for mechanical and advanced recycling feedstock, and grow profitability in the near term

GLOBALCAPABILITIES IN ADVANCED RECYCLING FEEDSTOCK

• Recycling infrastructure in the US, Germany, Austria, and Italy
• 6 sorting,mechanical, and advanced recycling feedstock facilities in theUS and EU

STRONG INDUSTRY PARTNERSHIPS

• ExxonMobil, LyondellBasell, SABIC, Total,Pepsi, just a few of the partnersthat allow forscalability of the business

ESTABLISHED SCALEABLE EU AND US OPERATIONS

• Control circa 400,000 tons of waste plastic and circa 100,000 sourcing customers in the German market
• Over 150,000 tons of feedstock offtake agreement in the US

Core foundation in place in 2025… Creates clear path to scale and highly profitable, global company in 2030

GreenDot circa EUR 50m EBITDA in 2030 x 44% = EUR 22m of income to Agilyx Cyclyx – 5 Circularity Centers would generate EUR 55m income to Agilyx

Potential income to Agilyx in 2030 of circa EUR 75m

Nearterm priorities(next 12 months)

• Focus on maintaining cost discipline at Agilyx
• ExpandingGreenDot´srecycling volumes and EBITDA in Germany while achieving break even in its Italian operations and expanding its EU advanced recycling feedstock business
• Evaluate opportunistic acquisitionsin the EU recycling sector to accelerate scale
• Cyclyx focus on advancing C1 in Houston to commissioning, and completion of C2 in Dallas Forth Worth
• Combined scale and global footprint positions for a successful Oslo/US dual listing in 2026

Agenda

• 1 Agilyx at a glance
• 2 Company and strategic opportunity
• 3 Supporting materials
• Financials i)
• Team Agilyx and Cyclyx ii)
• Other iii)

Income statement (1/2)

All figures in USD	2022	2023	2024	H1 2025
Revenues	7,361,747	5,894,701	1,009,813	391,732
Cost of revenues	(7,528,762)	(5,298,421)	(976,786)	(365,502)
Gross margin	(167,015)	596,280	33,027	26,230
Research costs	(3,528,553)	(3,102,798)	(2,275,351)	(721,785)
Sales and marketing	(669,549)	(1,424,622)	(566,606)	(103,390)
General and administrative cost	(12,040,675)	(11,829,284)	(7,654,120)	(4,460,298)
Total operating expenses	(16,238,777)	(16,356,704)	(10,496,077)	(5,285,473)
Operating loss	(16,405,792)	(15,760,424)	(10,463,050)	(5,259,243)
Share of loss of equity accounted associates	-	(1,973,061)	(8,769,502)	(6,214,662)
Impairment of investment in associate	(2,539,270)	(2,023,078)	(49,382)	-
Write-down on Regenyx receivable	-	-	(664,400)	-
Fair value gain on financial instruments	1,267,458	3,009,983	(1,798,901)	(2,579,153)
Interest expense	(81,328)	(207,663)	(72,897)	(2,942,261)
Other financial income	48,749	132,203	6,961	279,943
Other financial expense	(170,985)	(334,552)	(228,301)	(129,239)
Net financial items	(1,475,376)	(1,396,168)	(11,576,422)	(6,427,066)
Profit (loss) before tax	(17,881,168)	(17,156,592)	(22,039,472)	(11,686,309)
Income tax expense	-	-	-	-
Profit (loss) from discontinued operation, net of tax	(5,503,486)	113,279,186	(22,039,472)	-
Profit (loss) forthe period	(23,384,654)	96,122,594	(22,039,472)	(11,686,309)
Other comprehensive profit (loss) for the period	(101,111)	(122,747)	111,740	(226,710)
Total comprehensive profit (loss) for the period	(23,485,765)	95,999,847	(21,927,732)	(11,913,019)

Income statement (2/2)

All figures in USD	2022	2023	2024	H1 2025
Profit (loss) forthe period attributable to:	(23,384,654)	96,122,594	(22,039,472)	(11,686,309)
Equity holders of the parent	(22,008,657)	97,473,988	(22,039,472)	(11,570,427)
Non-controlling interest	(1,375,997)	(1,351,394)	-	(115,882)
Total comprehensive profit (loss) for the period attributable to:	(23,485,765)	95,999,847	(21,927,732)	(11,913,019)
Equity holders of the parent	(22,109,768)	97,351,241	(21,927,732)	(11,797,137)
Non-controlling interest	(1,375,997)	(1,351,394)	-	(115,882)
Earnings per share, basic	(0.28)	1.12	(0.22)	(0.11)
Earnings per share, diluted	(0.28)	1.12	(0.22)	(0.11)

Balance sheet (1/2)

All figures in USD	2022	2023	2024	H1 2025
Intangible assets	4,002,430	3,586,680	2,673,802	2,584,427
Property, plant and equipment	1,619,988	1,336,219	851,571	765,386
Investment in associate	-	113,002,939	126,733,437	121,368,775
Right of use asset	708,848	284,111	924,809	810,874
Other non-current assets	89,624	35,802	53,784	17,982
Total non-current assets	6,420,890	118,245,751	131,237,403	125,547,444
Accountsreceivable	2,443,453	588,878	590,377	200,428
Inventory	1,687,126	-	4,811	4,811
Deferred project costs	-	2,165,727	2,451,619	2,456,815
Prepaid expenses and other current assets	367,873	772,997	174,169	792,252
Restricted cash	-	-	40,188,255	40,000,000
Cash and cash equivalents	13,671,319	8,527,632	18,135,934	10,746,795
Total current assets	18,169,771	12,055,234	61,545,165	54,191,101
TOTAL ASSETS	24,590,661	130,300,985	192,782,568	179,738,545

Balance sheet (2/2)

All figures in USD	2022	2023	2024	H1 2025
Share capital	143,040	162,269	188,851	190,395
Share premium	53,854,378	73,239,523	111,001,329	111,811,761
Additional paid-in capital	8,591,495	9,432,289	9,414,920	9,643,677
Total paid-in equity	62,588,913	82,834,081	120,605,100	121,645,833
Retained earnings	(56,124,834)	41,349,154	19,309,683	7,739,256
Foreign currency translation	(101,111)	(223,858)	(112,118)	(338,828)
Non-controlling interest	696,640	-	-	(115,882)
Total equity	7,059,608	123,959,377	139,802,665	128,930,379
Long-term lease liability	465,435	60,441	676,027	612,160
Bond payable, net of discount	-	-	45,002,264	45,886,398
Warrant liability	6,303,189	3,293,206	5,092,107	2,512,954
Total non-current Liabilities	6,768,624	3,353,647	50,770,398	49,011,512
Accounts payable	2,640,756	1,830,507	207,796	220,343
Accrued expenses and other current liabilities	1,909,543	924,937	1,685,185	1,439,570
Contract liability	5,945,535		170,268	452
Current portion lease liability	266,595	232,517	146,256	136,289
Total currentliabilities	10,762,429	2,987,961	2,209,505	1,796,654
Total Liabilities	17,531,053	6,341,608	52,979,903	50,808,166
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	24,590,661	130,300,985	192,782,568	179,738,545

Cash flow statement (1/2)

All figures in USD	2022	2023	2024	H1 2025
Profit (loss) forthe period	(23,384,654)	96,122,594	(22,039,472)	(11,913,019)
Depreciation and amortization	545,243	674,000	515,913	210,326
Amortization on ROU assets	265,612	270,003	260,653	107,682
Bond interest and related costs	-	-	-	4,098,038
Asset Impairment	-	-	1,042,545	-
Share of loss of equity accounted associates	-	-	8,769,502	-
Resultsfrom investment in Cyclyx	-	-	-	6,214,662
Impairment of investment in Regenyx	-	-	49,382	-
Resultsfrom investment in Regenyx	2,539,270	2,023,078	664,400	-
Stock based compensation	1,548,815	840,794	(17,369)	228,757
Gain on loss of control ofsubsidiary	-	(118,214,262)	-	-
Fair value gain on financial instruments	(1,267,458)	(3,009,983)	1,798,901	(2,579,153)
Interest expense	35,666	224,784	795,174	31,147
ChangesIn:
Restricted cash	-	-	-	188,255
Accountsreceivable	(773,563)	(1,871,350)	(665,897)	389,949
Inventory	(1,529,356)	(1,330,849)	(4,811)	-
Accounts payable and accrued liabilities	2,301,736	14,118,076	(1,424,684)	(437,141)
Contract liability	4,569,083	(2,590,228)	170,268	169,815
Prepaid expenses and other assets	252	(584,413)	449,710	(587,447)
Deferred project costs	-	(2,165,727)	(285,892)	-
Other timing differences	(108,361)	(122,747)	(47,348)	339,275

Cash flow statement (2/2)

All figures in USD	2022	2023	2024	H1 2025
Net cash flow on loss of control ofsubsidiary	-	(1,647,145)	-	-
Cyclyx investment funding	-	-	(22,500,000)	(850,000)
Regenyx investment funding	(2,539,270)	(2,023,078)	(49,382)	-
Purchases of property and equipment	(934,114)	(8,005,440)	(45,925)	(34,766)
Net cash from investments	(3,473,384)	(11,675,663)	(22,595,307)	(884,766)
Proceeds from the exercise of warrants	-	-	-	811,976
Proceeds from capital increases	14,418,939	20,413,135	39,072,787	-
Costs related to capital increases	(1,001,063)	(1,008,761)	(1,304,926)	-
Restricted cash	-	-	(40,188,255)	-
Proceeds from Cyclyx member contributions	1,000,000	1,250,000	-	-
Proceeds from bond issuance	-	5,000,000	47,480,834	-
Repayment of bond issuance / cost related to the bond	-	(5,000,000)	(2,634,698)	-
Payment of bond interest	-	-	-	(3,374,000)
Proceeds from investor loan	-	6,000,000	-	-
Repayment of investor loan	-	(6,000,000)	-	-
Principal paid on lease liabilities	(262,381)	(254,445)	(219,857)	(42,687)
Interest paid on lease liabilities	(69,441)	(51,031)	(33,252)	(31,147)
Interest paid on notes payable	(414,104)	(173,717)	-	-
Principal paid on notes payable	(839,686)	-	-	-
Net cash from financing	12,832,264	20,175,181	42,172,633	(2,635,858)
Net increase (decrease) in cash and cash equivalents	(5,898,835)	(5,142,687)	9,608,302	(7,399,139)
Cash and cash equivalents at beginning of the period	19,570,154	13,671,319	8,527,632	18,135,934
Cash and cash equivalents at end of the period	13,671,319	8,527,632	18,135,934	10,736,795

Agenda

• 1 Agilyx at a glance
• 2 Company and strategic opportunity
• 3 Supporting materials
• Financials i)
• Team – Agilyx and Cyclyx ii)
• Other iii)

Relevant experience

Ranjeet Bhatia | CEO

• Over 20 years of financial investment activity in technology and growth companies as MD of Saffron Hill Ventures
• Chairman of Cyclyx International, Board member of Coyuchi Inc. and former Agilyx Board member

Bertrand Laroche | CFO

• 19 years as a finance leader with a proven track record in investment management,strategic planning, capital raising, mergers and acquisitions
• Deployed over \$250 million in direct private equity and venture capital transactions across energy, infrastructure and climate technology

Chris Faulkner PhD | CTO

• 20 years of technical and organizational expertise on engineering, process, analytics and administrative fronts
• Throughout his 10-year tenure at Agilyx, has successfully permitted 8 facilities of prior generation conversion technology and has led the TruStyrenyx partnership and commercialization

Jessica Fletcher| VP of Engineering & Project Management

• 23+ years of project management experience and has successfully defined project development deliverablesfor several Agilyx projects in the past 5 years
• Oversaw the FEL3 work with Worley, T.EN, Weston, and Cyclyx
• Spent 8 years at Jacobs, a leading EPC firm, managing large-scale chemical projects

Highly experienced board members

Peter Norris Chair of the Board

Carolyn Clarke Chair of Audit Committee

Steen Jacobsen Chair of Compensation Committee

Catherine C. Keenan Chair of ESG Committee

Laurent Auguste, CEO

• 30 years in the environmentalsector

• Former founder and CEO of Veolia South Korea and Japan, CEO of Veolia Americas and Chief Growth, Strategy and InnovationOfficer of Veolia globally
• Board member of Loop Industries
• Early pioneer of the circular economy from being an active contributor to the Ellen MacArthur Foundation to one of the 3 founding co-chair of the Alliance to End Plastic Waste

Carsten Kloes, CFO

• 15 years in the foundry industry as supplier to the automotive, mining or wind energy sectors

• More than 10 years' experience on C-Level in Change and Restructuring tasks as well as M&A and Post MergerIntegration

Agenda

• 1 Agilyx at a glance
• 2 Company and strategic opportunity
• 3 Supporting materials
• Financials i)
• Team Agilyx and Cyclyx ii)
• Other iii)

Agilyx is a pioneer and an established leader in waste plastic recycling

Cyclyx benefits from strong partnership and extensive expertise of Exxon and Lyondell

Launch of Cyclyx in 2021, a joint venture with ExxonMobil

• ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutionsthat improve quality of life and meet society's evolving needs
• The corporation's primary businesses–Upstream, Product Solutions, and Low Carbon Solutions– provide productsthat enable modern life, including energy, chemicals, lubricants, and lower- emissions technologies

Agilyx and ExxonMobil establish Cyclyx joint venture February ²⁰²¹ LyondellBasell acquired 25% of Cyclyx joint venture October ²⁰²³

• LyondellBasell, a global leader in the chemical industry, drives sustainable living through advanced technology and strategic investments
• As a top polymer producer and polyolefin technology leader, they create innovative productsforsustainable transportation, food safety, clean water, and healthcare, delivering value to customers, investors, and society

USD ~479bn1	New York Stock Exchange	(Aa2/AA-/-)	USD ~15bn1	New York Stock Exchange	(-/BBB/BBB)
Market cap	Listing venue	Credit ratings(M/S/F)	Market cap	Listing venue	Credit ratings(M/S/F)
~61,000	25%	60+	~20,000	25%	30+
Employees(YE 2024)	Cyclyx ownership	Countries of operation	Employees(YE 2024)	Cyclyx ownership	Countries of operation

The post-money valuation of Cyclyx at USD ~400m² by ExxonMobil and LyondellBasell reinforcesthe owners' confidence in the business model

²⁾ Based on an implied transaction value for Cyclyx of c. USD400mas of October 2023capital raise using total consideration from ExxonMobil and LyondellBasell of USD135million and 33% equity dilution at Agilyx (ownership in Cyclyx reduced from 75% to 50%). This valuation differs from financial statements 33

GreenDot provides a standalone investment IRR of 30+%. Synergiesfurther enhance Agilyx's earnings through potential value increase at both Cyclyx and GreenDot

Cyclyx capabilities could be more easily deployed in Europe

GreenDot generates revenue fromprocessing waste volumes otherwise too complex to manage using its existing sorting technologies Cyclyx potential to generate royalties for IP deployment in Europe, which it would otherwise not have the operational bandwidth to pursue

GreenDot´s Extended Producer Responsibility (EPR) model is expanding in the US

California, Colorado, Maine, Maryland, Minnesota, Oregon, and Washington are implementing EPR schemes. GreenDot´slong operating history in this sector will help inform and assist Cyclyx as it engages with US based EPR programs

GreenDotsupplying Agilyx with feedstock to licensees of its Styrenyx plants

GreenDot generates revenue supplying polystyrene feedstock to Agilyx for material, and decreases current disposal cost of unwanted material Agilyx accelerates licensing fees from deployment of Styrenyx plants by securing long term, reliable, and cost-effective source ofsupply

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GreenDotis moving its core businessinto high growth, high margin advanced recycling feedstock supply

	GreenDot Germany Forecast		GreenDot AR Contribution		GreenDot Global Consolidated including HoldCo G&A
EURm 100% basis	FY2025 Estimate	FY2030 Estimate	FY2025 Estimate	FY2030 Estimate	H1 2025 Actuals	FY2025 Estimate	FY2030 Estimate
Sales	381m	500m	15m	100m	219m	396m	600m
EBITDA	18.6m	32m	(5.5m)	20m	8.5m	12m	50m

• Stable and profitable core business in Germany expected to reverting to average circa €30m EBITDA by 2030
• Diversion of plastics from mechanical and incinerators to advanced recycling improves margins significantly
• GreenDot AR contribution expected to ramp up with AR feedstock volumes expected to contribute €20m EBITDA by 2030
• YTD tracking ahead of budget with consolidated revenues of €220m and EBITDA of €8.5m over H1 2025 in IFRS

Actively expanding control of plastic waste volumes and recycling channels

Accessto feedstock

• Today: EPR businessin Germany with 16.8% market share + through EPR systems in Austria and Italy
• 2030: Targeting 20 to 25% market share in Germany with increased access in Austria and Italy + through waste management partners

Sorting & AR feedstock preparation

• Today:sorting plantsin Austria and access to sorting plantsin Italy
• 2030: AR production capacity expected to be added in Italy, Austria, and Germany

Mechanical Recycling

• Today: polypropylene and low-density polyethylene
• 2030: Expected to add high-density polyethylene for high-end packaging to packaging and feedstock to product applications

Financial Profile

• Today: multi-year offtake contracts for advanced recycling feedstock supply with Sabic and Plastic Energy. Long-term agreement with PepsiCo and Mondelez
• 2030: Targeting long-term off-take agreements with >10 sites for advanced recycling feedstock supply. Long-term agreement with >5 major brand owners and 1 large retailersuch as Aldi

2 sorting sites + partners Input >300kt/y 3 AR sites with output >150 kt/y 2 sorting sites input 240kt/y 1 AR site output 35kt/y Today 2030E c400m€ revenue c12m€ EBITDA c600m€ revenue c50m€ EBITDA 3 sites with input >120 kt/y 2 sites Germany Input 70kt/y 2030 Map Waste Volumes Collected 300kt/y >500 kt/y Sorting Capacity Advanced Recycling Feedstock Capacity Mechanical Recycling Financials

GreenDot and Cyclyx are creating profitable and circular recycling business models

GreenDot operates within the established European "EPR" market and controls over 1 million tons of packaging waste

Cyclyx is developing advanced technologies and infrastructure to process waste plastic atscale and building proprietary sourcing in an unstructured US market

Both companies are connecting waste supply to optimal recycling channels and delivering scarce feedstock to plant operators

Styrenyx: Setting the stage for continued commercialization

Licensed Technology

Operational 10kta polystyrene advanced recycling facility in Japan with Toyo Styrene (a member of Denka)

On-spec product

In Q4 2024, the system achieved on-spec product. Agilyx is currently providing operational support for the Toyo team

Up to 86% reduction*

in carbon equivalent emissions for styrene production compared to fossil-based production. ¹ If applied to just 10% of global styrene production, the reduction would be equivalent to removing 325,000 gasoline cars from the road for an entire year²

\$80B Market Opportunity

By 2032, recycled styrene demand is expected to reach 30% of global demand, equivalent to 18 million tons per year³