Agilyx Asa · OSL:AGLX
Agilyx Asa — Investor Presentation (June 2022)
21 slides from Agilyx Asa's investor presentation, June 2022
Slide 1: Company Presentation
Company Presentation June 2022 | Strictly Private and Confidential
Slide 2: Today's Presenter
Today’s Presenter Tim Stedman Chief Executive Officer 25+ years of experience in the chemical industry Work experience Fellow of the Institution of Chemical Engineers 2 Feedstock to Product
Slide 3: Our Partners are Our Most Valuable Voices
Our Partners are Our Most Valuable Voices https://www.youtube.com/watch?v=8Wee4vYos6U 3 Feedstock to Product
Slide 4: Agilyx Value Proposition
Agilyx Value Proposition 50% 25% 50% 75% 1 2 3 4 5 6 7 Solving for one of End-to-end Commercially- Asset-light, ready greatest …Which creates a ..With blue-chip Entering phase of integrated validated for environmental tremendous TAM partners rapid growth solution technology.. rapid scale up challeng
Slide 5: Plastic Waste Pollution is One of the Greatest Challenges to Environment
Plastic Waste Pollution is One of the Greatest Challenges to Environment with Strong Regulatory and Commercial Commitments towards Finding Solutions Plastic accumulation is one of the key modern environmental Tightening of regulations is favouring recycling… challenges – only 9% of produced amount i
Slide 6: Chemical Recycling Makes Plastic a Circular Resource
Chemical Recycling Makes Plastic a Circular Resource Chemical recycling complements …And is expected to cover sizeable …With Agilyx being capable of recycling mechanical by addressing shortcomings… portion of demand by 2030… c.60% of polymers on the current market Global polymer demand 2020-2040(1),
Slide 7: Integrated Recycling Solution
Integrated Recycling Solution Source Prepare Convert Purify Waste to feedstock Feedstock to products CUSTOM FEEDS TO END USER MEET CUSTOMER SPECIFICATIONS DELIVER TO CHOSEN FINAL WASTE PRODUCT RECYCLING TECHNOLOGY CUSTOM FEEDSTOCK PROCESSING Feedstock to Product Certified Custom Feedstock PROCESS IN
Slide 8: Cyclyx Brings a Unique and Differentiated Approach to Plastics Recycling
Cyclyx Brings a Unique and Differentiated Approach to Plastics Recycling Source Prepare Convert Purify Waste to feedstock Feedstock to products CHEMICAL PROFILING NEW / CUSTOM CUSTOM CONSORTIUM TECHNOLOGIES SUPPLY CHAINS PROCESSING APPROACH • Chemical characterisation of waste • Demand based custom
Slide 9: Cyclyx Provides Multiple Solutions to Its Wide Member Base
Cyclyx Provides Multiple Solutions to Its Wide Member Base Source Prepare Convert Purify Waste to feedstock Feedstock to products Revenue models Membership development CPG's Membership Fee paid Waste&Recycling Membership Petrochemical Annually Logistics providers Feedstock Waste shed analysis genera
Slide 10: Differentiated Conversion Technology
Differentiated Conversion Technology… Source Prepare Convert Purify Waste to feedstock Feedstock to products Feedstock Partner # of customers(1) Example customers 18 YEARS US$150MN of development Invested Mixed Plastic Various EPC 12 Waste companies Core Technology ROBUST PROCESS allows broad range
Slide 11: With Multiple Product Pathways for Recycled Mixed Plastic Waste
…With Multiple Product Pathways for Recycled Mixed Plastic Waste… Source Prepare Convert Purify Waste to feedstock Feedstock to products Several large-scale end markets End-market size Polyethylene US$115bn in Mixed Plastic Waste (via Naptha) 2021(1) Polypropylene US$121bn in (via Naptha) 2021(1) Lo
Slide 12: And Wide Range of Potential Applications for Styrene Monomers
…And Wide Range of Potential Applications for Styrene Monomers Source Prepare Convert Purify Waste to feedstock Feedstock to products Strong segment potential with diverse end-use alternatives representing a large market… Styrene Monomers Polystyrene Latex SSBR ABS Styrene Monomer Market: US$30bn in
Slide 13: Commercially-validated Solution
Commercially-validated Solution Regenyx – unique proof-of-concept facility and the first Toyo Styrene facility – first pure licensed polystyrene commercial-scale chemical recycling plant in the world plant moving into construction Significant capital Long-lead time Cash already 50% 50% Committed by
Slide 14: Asset-light Business Model with Front-skewed Cash Flow Stream
Asset-light Business Model with Front-skewed Cash Flow Stream Illustrative cumulative cash flow profile Index value, illustrative for 33kt p.a. plant 100 Attractive economics US$100-200mn Build & Operate for plant owner 60 20 Capex (20) (60) 12-20% (100) IRR 50 40 Low capital intensity Advantages
Slide 15: Uniquely Differentiated in Peer Universe
Uniquely Differentiated in Peer Universe Upstream Company Asset light Technology Feedstock variability Operating facilities integration PS: since 2018 Pyrolysis MWP: since 2011 Via Cyclyx Peer 1 Pyrolysis w/ catalysis Since 2020 Peer 2 Pyrolysis Selective Peer 3 depolymerisation Since
Slide 16: Entering Phase of Rapid Growth
Entering Phase of Rapid Growth… 2004 – 2020 2020 – 2021 2022 – 2030 Technology Development Early Commercialisation Growth 7 >16,000 hours Generations of Of operation at development Unique commercial rates Establishment Tech solution Of full-blown 17th Utilisation production 8th generation Patent Of
Slide 17: With Strong and Diversified Project Pipeline
…With Strong and Diversified Project Pipeline Project Scoping Project Development Project Construction Operations Prospecting Feedstock Engineering & Commissioning Proposal Negotiation FEL 1 FEL 2 FEL 3 Operations (NDA) Evaluation Construction & Start-up 68 Projects 10 Projects 4 Projects 1 Project
Slide 18: Attractive Standalone Growth Opportunity for Cyclyx
Attractive Standalone Growth Opportunity for Cyclyx Recycling commitments of selected members Forecast demand from existing customers kt p.a. CAGR: 100%+ Sales of recycling-based products: 1.0mt p.a. 6,000+ 0.3mt p.a. 1.0mt p.a. To be collected, reused or recycled by 2030 By 2025 By 2030 0.5mt p.a.
Slide 19: Mid-term Goals for 2025/26
Mid-term Goals for 2025/26 2025/26 Objective: Agilyx Revenue of US$200-300mn Feedstock to Product Waste to Feedstock 165kt p.a. 650 to 900kt p.a. of plant capacity in operation of processed volume (upgraded from previous 550 to 800kt p.a.) 495-660kt p.a. 3+mt p.a. in development/construction Longer
Slide 20: Up-listing to the Main Oslo Børs Targeted by Mid September 2022
Up-listing to the Main Oslo Børs Targeted by Mid September 2022 The key workstreams are already …Setting the scene for further running… investment case improvement 1. Getting Agilyx AS ‘up-listing ready’ Conversion of Agilyx AS into an ASA; become ‘up-listing ready’ from a corporate and governance
Slide 21: Key Takeaways
Key Takeaways Addressing huge TAM with Unique integrated recycling ESG-friendly solution proposition with additional upside from standalone Cyclyx development Asset-light business model: de-risking, diversification, revenue acceleration Source: Company data. 21 Feedstock to Product