Anaergia, Inc. · TSX:ANRG
Anaergia — Investor Presentation (September 2025)
36 slides from Anaergia's investor presentation, September 2025
Slide 1: Anaergia Investor Presentation
TSX: ANRG Fueling a Sustainable World TM OTCQX: ANRGF Anaergia Investor Presentation September 2025 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 Waste-to-Value 3
Slide 4: The Anaergia Advantage
The Anaergia Advantage: Turn food, farm and biosolid waste into renewable natural gas (RNG), clean water, and fertilizer • End-to-end complete turnkey solutions • Design and engineer, build, operation & maintenance (O&M) • Decades of experience developing technologies and building RNG facilities • G
Slide 5: Global Leader of End-to-End Solutions to Divert Organic Waste from Landfill
Global Leader of End-to-End Solutions to Divert Organic Waste from Landfill Proprietary Technology Solutions Flexible Delivery Model: From Engineering Procurement & Construction (EPC) to EP Technology Solutions Anaergia’s Turnkey Platform Anaergia secures long-term contracts End products including R
Slide 6: From Waste to Value: The Anaergia Value Proposition
From Waste to Value: The Anaergia Value Proposition DIVERTED RENEWABLE CLEAN ORGANIC WASTES FUEL WATER FERTILIZER Source-Separated Organics & Organic Fraction of Municipal WHERE Solid Waste** WE OPERATE Biosolids Municipal Solid Waste Agricultural & Food Processing Pioneering the Global Circular Bio
Slide 7: Delivering Unparalleled Experience, Scale, Innovation
Delivering Unparalleled Experience, Scale, Innovation Experience In-House Manufacturing Anaergia is a pioneer in transforming the way the world [Insert Photo] Anaergia footprint is [Insert Photo] handles organic waste: worldwide with in-house converting all forms into manufacturing of proprietary bi
Slide 8: Methane Conversion from Waste Powered by Patented Technology
Methane Conversion from Waste Powered by Patented Technology Anaergia’s end-to-end RNG proprietary technology platform addresses multiple waste markets 300+ ACTIVE & PENDING PATENTS CO2 • OREX® technology processes unsorted municipal solid waste (MSW) to extract clean organics • Omnivore® anaerobic
Slide 9: Global Track Record, >$1B Infrastructure Built
Global Track Record, >$1B Infrastructure Built Optimized technology platform, proven engineering expertise, 230+ reference projects Ø Developed knowledge base and IP Ø Decades of experience ü Ø Engineering expertise ü Ø 230+ projects Ø Technology optimization with on the ground Ø Large opportunity i
Slide 10: Select Core Technology Components Manufactured by Anaergia
Select Core Technology Components Manufactured by Anaergia • Designed for integration, Anaergia’s technologies combine as needed to maximize resource recovery and minimize cost Size Reduction Technology Screening & Sorting Equipment Organics Extrusion • Addresses both technical and economic •Bag Ope
Slide 11: Vertically Integrated Business – Our Segments with a Capital Sales Focus
Vertically Integrated Business – Our Segments with a Capital Sales Focus Capital Sales • Sales of proprietary technology solutions, Proprietary Anaergia equipment, and services to third parties Waste-to-Energy Technologies • Variety of delivery methods • Benefits from short sales cycle and quickly e
Slide 12: Anaergia: Delivering Clean Energy Solutions Across Continents
Anaergia: Delivering Clean Energy Solutions Across Continents Anaergia Integrated Systems Anaergia Japan Sterling Natural Resource Ctr (CA) Escondido (CA) Riverside (CA) Mojave (CA) SoCal Biomethane (CA) Full Engineering, Procurement & Construction (EPC) Provider in Major Markets Worldwide Engineeri
Slide 13: Anaergia 2.0
• Anaergia 2.0 13
Slide 14: From Complexity to Clarity: The Anaergia 2.0 Transition
From Complexity to Clarity: The Anaergia 2.0 Transition BEFORE AFTER • Complex share structure with Ø Simplified share structure – one multiple voting classes common share class • Higher leverage, limited Ø Strengthened balance sheet with Major flexibility for growth Shareholder Investment • Fragmen
Slide 15: Strategic Investment – The Launch of Anaergia 2.0
Strategic Investment – The Launch of Anaergia 2.0 • July 10, 2024: Completion of equity investment by Marny Investissement S.A. • Simplified Anaergia’s share structure through conversion of multiple voting shares • Established Marny as majority shareholder with aligned long- term backing • Appointed
Slide 16: Proven Executive Management with World-Class Experience
Proven Executive Management with World-Class Experience Assaf Onn Dr. Yaniv Scherson Hani Kaissi Chief Executive Officer New Chief Operating Officer Chief Development Officer Joined Anaergia in 2024; over two Joined Anaergia in 2014, led Joined Anaergia as CFO in 2010; 25+ decades of extensive exper
Slide 17: Anaergia 2.0 – A New Era of Positive Transformation & Growth
Anaergia 2.0 – A New Era of Positive Transformation & Growth Marny Strengthened balance sheet in July 2024 with equity Transformative investment, new leadership team, refreshed board and Investment simplified share structure Focused on capital-efficient growth, financial discipline, New Strategic st
Slide 18: Anaergia Market Segments
• Anaergia Market Segments 18
Slide 19: Multiple Markets Driving Capital Sales Demand
Multiple Markets Driving Capital Sales Demand Large-Scale Private Developers • Partnering with international developers to deliver high-performance bioenergy infrastructure that meets stringent decarbonization and waste diversion targets Municipal Organics • Supports diversion of source-separated or
Slide 20: Example: Capital Sale – The Sterling Natural Resources Center in California
Example: Capital Sale – The Sterling Natural Resources Center in California World’s first wastewater plant where 100% of the feed becomes a commercial product and excess energy is exported thanks to Anaergia technology 3.0 MW of renewable electricity 8,000,000 GPD of recycled water ~2,000 TPY of fer
Slide 21: Market Leader in Serving Municipalities with Alternative Delivery Models
Market Leader in Serving Municipalities with Alternative Delivery Models Client: East Valley Water District CLIENT: HALE AVENUE RESOURCE Location: Highland California RECOVERY FACILITY (HARRF) Delivery: Supply LOCATION: ESCONDIDO, CA DELIVERY: DBOOF CLIENT: VICTOR VALLEY WATER RECLAMATION CLIENT: CI
Slide 22: Anaergia Portfolio: Five Build-Own-Operate Assets
Anaergia Portfolio: Five Build-Own-Operate Assets So-Cal Biomethane Rhode Island Bioenergy [RIBF] Flexible & Replicable Deployment within Largest Organic Waste Digester in New England Existing Wastewater Infrastructure • Regulatory (SB 1383) & Committed • 315,000 MMBtu/year of RNG Contracts • Operat
Slide 23: 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 24: 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 25: 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 26: Case Study — PepsiCo: Turning Food Waste into Clean Energy
Case Study — PepsiCo: Turning Food Waste into Clean Energy Challenge • Improve Organics Management: PepsiCo’s food production facility in Funza, Colombia currently generates organics residues as part of the manufacturing process • Energy Demand & Sustainability Goals: PepsiCo had ambitious economic
Slide 27: Case Study — PepsiCo: Turning Food Waste into Clean Energy
Case Study — PepsiCo: Turning Food Waste into Clean Energy Solution: Solution • Anaergia is addressing this challenge by providing high- efficiency digestion technology and integrated biogas conditioning & upgrading technology at PepsiCo’s food production facility Opportunity • Unique positioning -
Slide 28: Q2 2025 Financial Results (reported in $CAD)
Q2 2025 Financial Results (reported in $CAD) ($CAD millions) Q2 2025 Q2 2024 REVENUE BY REGION APAC Revenues $32.3 $23.6 EMEA Other 7% 12% Gross profit $10.5 $4.1 Gross margin 32.5% 17.6% SG&A, net $14.3 $14.9 Net Loss ($9.5) ($13.4) Adjusted EBITDA(1) ($2.2) ($8.0) Italy 20% North America 61% Balan
Slide 29: Revenue Backlog
Revenue Backlog Revenue Backlog Snapshot 250 • $191.0M in Capital Sales 200 137% $243.9M • $52.9M in O&M Services 150 • Refined conservative definition: • Signed Capital Sales contracts • 3 years of modeled O&M Services 100 $103.1M 50 0 Q4 2024 Q2 2025 29
Slide 30: Positive Momentum & Wins since Marny’s Investment
Positive Momentum & Wins since Marny’s Investment Dec 10, 2024 Aug 1, 2025 Sept 2, 2025 Sept 10, 2024 Expansion of Scope Feb 24, 2025 Jun 9, 2025 Signs Agreement Signs Agreement Aug 19, 2024 Natural Gas Innovation w/Monterey One Commences Trading Apr 2, 2025 Signs Jeju Island Biogas w/Bioenerys to E
Slide 31: Capitalization and Annual Stock Price Performance
Capitalization 3.5 Annual Annual Stock Stock Price Price Performance Performance 3 2.5 2 Last Close 1.5 1 0.5 0 09/23/24 10/16/24 11/07/24 11/29/24 12/23/24 01/17/25 02/10/25 03/05/25 03/27/25 04/21/25 05/13/25 06/05/25 06/27/25 07/22/25 08/14/25 09/08/25 Total Shares Outstanding as at 6/30/25 Marny
Slide 32: Contact: IR@Anaergia.com
FUEL WASTE Contact: IR@Anaergia.com 4545 32
Slide 33: Addendum
• Addendum 33
Slide 34: 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 and provides our capital sales customers and Build-Own-Operate facilities with integrated, effective technology solutions Processes virtually any organic
Slide 35: Anaergia’s Evolution Towards Complete, Integrated Solutions
Anaergia’s Evolution Towards Complete, Integrated Solutions 2021 2023 Restructuring Expanded footprint in East Divestments of Tønder plant USA. Acquired two under- (Denmark), Rialto Bioenergy 2020 performing biogas facilities Facility (US), plus 6 Italian that will undergo technology BOO facilities,
Slide 36: 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