Anaergia, Inc. · TSX:ANRG
Anaergia — Investor Presentation (May 2026)
34 slides from Anaergia's investor presentation, May 2026
Slide 1: Anaergia Investor Presentation May 2026
TSX: ANRG Fueling a Sustainable World TM OTCQX: ANRGF ANAERGIA INVESTOR PRESENTATION May 2026 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Forward-Looking Information Certain statements in this presentation and certain oral statements made by senior management during the presentation (collectively, this "presentation") are “forward-looking information” within the meaning of applicable Canadian securities laws
Slide 3: Anaergia Overview
•ANAERGIA OVERVIEW From Technology To Delivery — Anaergia’s End-to-End Capabilities Drive Global Leadership In Organic Waste-to-Value 3
Slide 4: Unparalleled Experience, Scale, Innovation
UNPARALLELED EXPERIENCE, SCALE, INNOVATION Turn food, farm and biosolid waste into renewable natural gas (RNG), clean water and fertilizer 18+ 230+ 1,750+ ~300 COUNTRIES TURNKEY RNG FACILITIES TECHNOLOGY INSTALLATIONS PATENTS & TECHNOLOGIES End-to-End Turnkey Solutions Global Track Record Decades of
Slide 5: A Unique Company – The Full Value Chain
A UNIQUE COMPANY – THE FULL VALUE CHAIN INPUT PROCESS Organic Anaergia Waste Technology Energy Renewable natural gas and biogas for heat & power • Source-separated organics • Design, build & operate & municipal waste streams • Engineering & Procurement • Biosolids and wastewater (EP) Technology with
Slide 6: Turning Organic Waste into Value
TURNING ORGANIC WASTE INTO VALUE Proprietary Technology Solutions · Flexible Delivery: Full EPC, EP Technology Solutions, or Equipment-Only FEEDSTOCK VALUE Customers generate tipping fee revenue Customers convert waste into marketable by accepting organic waste from renewable products using Anaergia
Slide 7: RNG Conversion from Organic Waste Powered by Patented Technology
RNG CONVERSION FROM ORGANIC WASTE POWERED BY PATENTED TECHNOLOGY Anaergia’s end-to-end RNG proprietary technology platform addresses multiple organic waste markets ~300 ACTIVE & PENDING PATENTS CO2 OREX® - Organic Extraction Omnivore® - Digestion Existing Infrastructure Technology processes unsorted
Slide 8: Select Core Technology Manufactured by Anaergia
SELECT CORE TECHNOLOGY MANUFACTURED BY ANAERGIA The Performance Benchmark 1 for the Industry Our patented, field-proven technologies outperform on throughput, output quality, and reliability Size Reduction Technology Screening & Sorting Equipment Organics Extrusion Bag Opener Disc Screens BIOREX™ ·
Slide 9: Vertically Integrated Business – Our Segments with a Capital Sales Focus
VERTICALLY INTEGRATED BUSINESS – OUR SEGMENTS WITH A CAPITAL SALES FOCUS Capital Sales • Proprietary technology solutions, equipment, Proprietary Anaergia & services sold to third parties Organic Waste-to-Energy Technologies • Multiple delivery methods • Short sales cycle, fast global references ~80
Slide 10: Anaergia: Delivering Clean Energy Solutions Across Continents
ANAERGIA: DELIVERING CLEAN ENERGY SOLUTIONS ACROSS CONTINENTS Full Engineering, Procurement & Construction (EPC) Provider in Select Markets Worldwide Engineering, Procurement (EP) Provider 10
Slide 11: Anaergia 2.0
• Anaergia 2.0 Post July 2024 completion of equity investment 11
Slide 12: Proven Executive Management with World-Class Experience
PROVEN EXECUTIVE MANAGEMENT WITH WORLD-CLASS EXPERIENCE Assaf Onn Dr. Yaniv Scherson Hani Kaissi Chief Executive Officer Chief Operating Officer Chief Development Officer Joined Anaergia in 2024; over two decades Joined Anaergia in 2014, led development in the Joined Anaergia as CFO in 2010; 25+ yea
Slide 13: Anaergia 2.0 Today – From Strategy to Execution
ANAERGIA 2.0 TODAY – FROM STRATEGY TO EXECUTION 6 18+ 235+ ~300 Continents Countries Facilities Patents • Capital-light model established with strong contract momentum • Balance sheet strengthened and financial discipline restored • Strategic partnerships expanded across key markets • Operational ex
Slide 14: Anaergia Global Market Opportunities
• Anaergia Global Market Opportunities 14
Slide 15: Driving Capital Sales Demand
MULTIPLE REVENUE STREAMS DRIVING CAPITAL SALES DEMAND Large-Scale Private Partnering with international developers to deliver high-performance bioenergy infrastructure that meets stringent decarbonization and waste diversion targets Developers Municipal Organics Supports diversion of source-separate
Slide 16: The Sterling Natural Resources Center
CASE STUDY · CAPI TAL SALE Highland, California The Sterling Natural World's first wastewater plant where 100% of the feedstock becomes Resources Center a commercial product, with net energy export to grid – powered by Anaergia’s integrated anaerobic digestion and resource recovery platform 3.0 MW o
Slide 17: Market Leader Serving Municipalities with Alternative Delivery Models
MARKET LEADER SERVING MUNICIPALITIES WITH ALTERNATIVE DELIVERY MODELS Client: East Valley Water District Client: Victor Valley Water Reclamation Authority – WEFTEC 2025 Utility of the Future Today award recipient Location: Highland, California Location: Victorville, CA Delivery: Equipment and O&M De
Slide 18: Anaerobic Digester Growth Across Europe
ANAEROBIC DIGESTER GROWTH ACROSS EUROPE Aljustrel · Portugal Mombaroccio · Italy Rivarolo del Re · Italy KEY PARTNERS [ Photo placeholder ] Cardiff · UK Gordemitz · Germany 18
Slide 19: Anaergia Portfolio: Five Build-Own-Operate Assets
ANAERGIA PORTFOLIO: FIVE BUILD-OWN-OPERATE ASSETS So-Cal Biomethane Rhode Island Bioenergy First expected to deliver on SB1440 (RIBF) First US Plant to Receive Flexible & replicable deployment Environment and Climate Change within existing wastewater Canada (ECCC) Negative CI Score infrastructure La
Slide 20: Organic Waste: A Growing Market, Largely Untreated
ORGANIC WASTE: A GROWING MARKET, LARGELY UNTREATED THE MARKET TONNES BY 2050 970M ¹ 3.86B Global MSW is on track to grow 50% by 2050 with the fastest growth in Sub-Saharan Africa (+124%) and South Asia (+99%) tonnes of organic waste generated annually ANNUAL MARKET TODAY Global waste management cost
Slide 21: Global Shift Toward RNG: Regulatory Mandates Driving Massive Market Growth
GLOBAL SHIFT TOWARD RNG: REGULATORY MANDATES DRIVING MASSIVE MARKET GROWTH Three converging market forces creating unprecedented demand for RNG infrastructure investment North America Europe Rest of World California SB 1383 mandates 75% reduction in landfilled EU Landfill Directive limits municipal
Slide 22: PepsiCo and Anaergia
◉ CASE STUDY · Food Processing Facility PepsiCo and Anaergia Turning Food Processing Waste into Renewable Energy PepsiCo pursued a scalable way to reduce emissions, manage waste, and decarbonize energy use across its operations Colombia • Portugal • South Africa • Mexico Food waste from PepsiCo faci
Slide 23: Engineering-Led R&D – Innovation as a Competitive Advantage
ENGINEERING-LED R&D – INNOVATION AS A COMPETITIVE ADVANTAGE ~300 Proprietary IP Portfolio Hundreds of patents protecting Anaergia’s proprietary equipment, systems, and processes across global jurisdictions PATENTS WORLDWIDE 2 Dual R&D Platform Disruptive platform innovation (e.g., OREX) alongside co
Slide 24: Anaergia Technology: Engineered for Maximum Output
ANAERGIA TECHNOLOGY: ENGINEERED FOR MAXIMUM OUTPUT Anaergia’s end-to-end suite of technology enables fuel production from a variety of feedstocks providing capital sales customers and Build-Own-Operate facilities with integrated, effective technology solutions Processes virtually any organic waste 1
Slide 25: Revenue Backlog Growth
REVENUE BACKLOG GROWTH Revenue Backlog(1) Snapshot +32% Revenue Backlog¹ YoY ($200M → $265M) 300 250 Revenue Backlog¹ Composition $265M $287M $225M Capital Sales $257M 200 $244M $200M $40M in O&M Services 150 100 $103M Revenue Backlog¹ is defined as the unrecognized, undiscounted balance of consolid
Slide 26: Q1 2026 Financial Results
Q12026 FINANCIAL RESULTS Q1 Q1 %/pts ($CAD millions) 2026 2025 Change Revenue $55.2 $24.9 122% Gross profit $12.7 $5.4 135% Gross margin 23% 21.7% 1.3 pts SG&A, net $14.1 $17.2 (18)% Net Income (Loss) $(4.4) $(5.9) 26% Adjusted EBITDA(1) $1.1 $(3.9) 127% As at As at STATEMENT OF FINANCIAL POSITION M
Slide 27: Capitalization
CAPITALIZATION Logarithmic Scale 171,404,620 102,715,000 32,959,369 ~32.7M TOTAL SHARES 59.9% NON-DILUTED 19.2% NON-DILUTED FLOAT SHARES OUTSTANDING MARNY COMPANY FOUNDER PUBLIC FLOAT as at 03/31/26 as at 03/31/26 as at 03/31/26 as at 03/31/26 27
Slide 28: Analyst Coverage
ANALYST COVERAGE Equity Research Equity Research Equity Research Equity Research Equity Research DONANGELO VOLPE YURI LYNK BALTEJ SIDHU ALEXANDRA RICCI CRAIG IRWIN Equity Research Analyst Equity Research Analyst Equity Research Analyst Equity Research Analyst Equity Research Analyst 28
Slide 29: Fuel Waste – Contact IR@Anaergia.com
FUEL WASTE Contact: IR@Anaergia.com 4545 29
Slide 30: Addendum
• Addendum 30
Slide 31: Growing Market Value in North America – Supported by Regulatory Advancements
Growing Market Value in North America – Supported by Regulatory Advancements Diversion from Landfills Driving Volume Market Driven Organics Diversion • Landfill tip fees are increasing, driving a push to divert organic waste 2030 California • Capacity at existing landfills is dwindling and regulator
Slide 32: European Market Growth
European Market Growth With high underlying gas prices, attractive waste feedstock availability and expanding RNG targets, the outlook for Anaergia's European operations is strong Feedstock availability is bolstered by EU Policies EU 2030 Target for Landfill & Incinerated Waste(2) 140 • EU adopted f
Slide 33: Significant Growth Opportunities in Asia
Significant Growth Opportunities in Asia Anaergia has early market mover advantage in Asia — one of the few international biogas players with local team on the ground Organic Feedstocks are Widely Available • High organics content in municipal solid waste • High annual production of Agri-Wastes Emer
Slide 34: Anaergia RNG: A Ready-to-Use, Carbon-Negative Fuel
Anaergia RNG: A Ready-to-Use, Carbon-Negative Fuel Anaergia converts methane-emitting waste into carbon-negative renewable natural gas that is chemically identical to fossil-based natural gas and does not require major incremental distribution infrastructure Average Carbon Intensity ("CI") Score Awa