Anaergia, Inc. · TSX:ANRG
Anaergia — Q1 2026 Earnings Presentation
19 slides from Anaergia's earnings presentation, May 13, 2026
Slide 1: Anaergia Reports First Quarter 2026 Financial Results - Investor Conference Call
Anaergia Inc. Anaergia Reports First Quarter 2026 Financial Results - Investor Conference Call May 13, 2026 TSX: ANRG OTCQX: ANRGF Fueling a Sustainable World
Slide 2: Disclaimers
DISCLAIMERS Forward-Looking Information Certain statements in this presentation and certain oral statements made by senior management during the earnings conference call on May 13, 2026 (collectively, this "presentation") are “forward-looking information” within the meaning of applicable Canadian se
Slide 3: Participating in Today's Call
PARTICIPATING IN TODAY’S CALL Assaf Onn Chief Executive Officer Greg Wolf Dr. Yaniv Scherson Chief Financial Officer Chief Operating Officer 3
Slide 4: Q1 2026 Pillars Delivering
Q1 2026 Pillars Delivering Anaergia Inc. | TSX: ANRG | OTCQX: ANRGF 4
Slide 5: Pillars in Execution
PILLARS IN EXECUTION Underneath the capital-light model, every pillar is delivering of revenue from Capital Sales ~80% A capital-light model, operating at scale across EMEA, the Americas, and APAC Revenue Backlog¹ at quarter end $265M Up 32% year-over-year and well more than double the $103 million
Slide 6: Q1 2026 Year-over-Year Results
Q1 2026 YEAR-OVER-YEAR RESULTS $55.2M +135% 3rd $265M Consecutive Quarter Up from +122% Q12025 Q1 +32% REVENUE GROSS PROFIT POSITIVE ADJ. EBITDA1 REVENUE BACKLOG1 Q1 marks third consecutive Q12026 gross profit Q12026 Revenue Backlog1 Q12026 revenue over Q12025 quarter positive over Q12025 vs Q12025
Slide 7: Two Milestones in Q1
TWO MILESTONES IN Q1 HVO — New Vertical Renewable diesel made from waste oils and fats SB 1440 — First Approved California's long-term, regulated procurement program 7
Slide 8: The World Is Moving in Our Direction
THE WORLD IS MOVING IN OUR DIRECTION Energy security drives it Cleaner energy fuels it Regulators reinforce it Energy security has become a dominant Demand for renewable natural gas is Regulators in our largest markets are policy theme in Europe, North America, expanding across our key geographies r
Slide 9: Anaergia Today: Capital-light. IP-rich.
ANAERGIA TODAY Capital-light. IP-rich. Backed by long-term demand. That is Anaergia today. CAPITAL-LIGHT IP-RICH DEMAND DRIVEN BY Less than two years into the shift to a capital-light Hundreds of active and pending patents in Hundreds of reference facilities across 18 countries; business model. ~80%
Slide 10: Q1 2026 Financial Results
Q1 2026 FINANCIAL RESULTS Q1 Q1 %/pts ($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% 1"Adjusted EBITDA" is a non-GAAP measure. Pl
Slide 11: Third Consecutive Quarter of Positive Adjusted EBITDA
Q1 2026: THIRD IN A ROW Third Consecutive Quarter of Positive Adjusted EBITDA¹ $1.1M positive Adjusted EBITDA¹ in Q1 2026 A $5.0 million improvement over Q1 2025 1"Adjusted EBITDA" and “Revenue Backlog” are non-GAAP measures. Please refer to the sections entitled "Non-GAAP Measures and Industry Metr
Slide 12: 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 13: Strengthening Financial Performance
STRENGTHENING FINANCIAL PERFORMANCE Revenue Growth Operational Efficiency $55.2M 23.0% +122% year-over-year Margins held; SG&A reduced 18% Capital Sales drove the increase, with continued strong performance across EMEA and Mix shift to Capital Sales. SG&A down $3.1M from Q1 2025 despite the revenue
Slide 14: Europe – Framework Conversion & Repeat Business
EUROPE – FRAMEWORK CONVERSION & REPEAT BUSINESS SPAIN ITALY 2nd & 3rd + C$17M Andújar & Arjona – activated January 2026 QGM scope expansion – March 2026 Second and third projects under our Spanish framework, being developed with Scope expansion across three plants in Ostellato, Copparo, and Derovere
Slide 15: HVO Market Entry and SB 1440 Milestone
HVO MARKET ENTRY AND SB 1440 MILESTONE Two new fronts in Q1: an adjacent-vertical market entry in Italy and a first-of-its-kind regulatory milestone in California. HVO – CREVOLUTION | ITALY SOCAL BIOMETHANE – SB 1440 | CALIFORNIA New Market First Project Adjacent vertical opened by an R&D-led, first
Slide 16: BOO Status Q1 2026
BOO STATUS Q1 2026 MILESTONE RAMPING SoCal Biomethane Rhode Island Bioenergy SB 1440 First Project First US Plant to Receive ECCC- Approved Negative CI Score California Public Utilities Commission Production has improved year-over-year, but conditionally approved the long-term remained below target
Slide 17: Strategy Proving Itself
STRATEGY PROVING ITSELF Strategic Geographic Operational Capital Sales Partnerships Expansion Efficiency Converting framework Expanding into multi-project Deepening our presence in Delivering on all of it agreements into firm programs and reaching into Spain and Italy, our largest without expanding
Slide 18: We are just at the beginning.
ANAERGIA TODAY We are just at the beginning. REPEATABLE MODEL LONG-TERM DEMAND DISCIPLINE The capital-light model is repeatable. Capital Sales, Coming from large, private investors; utilities; and Remain focused on margin, cash, and every pillar. Revenue Backlog1, and revenue continue to build gover
Slide 19: Thank you
Thank you 19