Agilyx Asa · OSL:AGLX
Agilyx Asa — Merger or Acquisition (July 2025)
42 slides from Agilyx Asa's merger presentation, Jul 17, 2025
Slide 1: Creating the global leader in plastic recycling feedstock
Creating the global leader in plastic recycling feedstock July 2025 1
Slide 2: Disclaimer
Disclaimer This presentation (the "Presentation") has been prepared by Agilyx ASA ("Agilyx" or the "Company", and together with its subsidiaries, the "Group"), solely for information purposes. The contents of this Presentation have not been reviewed by or registered with any regulatory authority or
Slide 3: Agenda
Agenda 1 The Market Opportunity 2 Agilyx 3 GreenDot 4 The Transaction and the Outcome 3
Slide 4: Agilyx at a glance: positioned to become the global platform for waste plastic feedstock
Agilyx at a glance: positioned to become the global platform for waste plastic feedstock Oslo Stock Exchange listing since September 2022 NOK 2.67 billon market capitalization (EUR 225m)1 Pioneer in Advanced Recycling (AR) Houston 22 patents granted in North America, Dallas-Fort Worth the Middle Eas
Slide 5: Agilyx becomes the largest shareholder (44%) in GreenDot to create the leading global platform
Agilyx becomes the largest shareholder (44%) in GreenDot to create the leading global platform for supply of waste plastic recycling feedstock Global Estimated Advanced Recycling Capacity, 2026-2030 Agilyx: GreenDot: (million metrics tons per annum) Leader in the US Leader in Europe 9.9 Operational
Slide 6: Plastic waste is a significant global challenge and opportunity
Plastic waste is a significant global challenge and opportunity • Current recycling market: only 9% of total plastic waste is recycled (mostly mechanically) 350+ million tonnes • Potential advanced recycling market: 91% of global annual plastic waste* total plastic waste (mostly incinerated or landf
Slide 7: Feedstock availability is a major bottleneck in the advanced recycling industry
Feedstock availability is a major bottleneck in the advanced recycling industry Plastic waste to feedstock Feedstock to raw material Plastic manufacturing Plastic demand Sourcing, sorting via chemical characterization, Advanced recycling companies Plastic manufacturers turn raw material Packaging an
Slide 8: Feedstock supply shortage creates EUR 5-8 billion market opportunity
Feedstock supply shortage creates EUR 5-8 billion market opportunity Significant global feedstock shortage By 2030, Europe needs +20X current production of contact sensitive recycled content to satisfy 10% regulatory requirement 45 7000 6652 40 6000 35 5000 30 18-28 25 4000 kilotons mtpa 14-20 20 30
Slide 9: Tangible expansion opportunities within Cyclyx and GreenDot open the EU market
Tangible expansion opportunities within Cyclyx and GreenDot open the EU market Cyclyx existing US contracts provide highly visible growth opportunity GreenDot provides immediate European access US holistic sourcing and custom-formulated feedstock processing EU sourcing of waste streams and processin
Slide 10: Agenda
Agenda 1 The Market Opportunity 2 Agilyx 3 GreenDot 4 The Transaction and the Outcome 10
Slide 11: Agilyx geared to capture the US business opportunity via Cyclyx
Agilyx geared to capture the US business opportunity via Cyclyx In partnership with ExxonMobil and LyondellBasell, Agilyx has developed Circularity Centers, groundbreaking waste plastic sorting and processing facilities 2025 First Center – Houston, TX • Cyclyx was formed in 2021 to commercialize fee
Slide 12: Agilyx raised a total of $225m in 2023 and 2024 to finance first two Circularity Centers
Agilyx raised a total of $225m in 2023 and 2024 to finance first two Circularity Centers Break-through investment by ExxonMobil and LyondellBasell in Final investment decision for second Center October 2023 to finance the first Center in November 2024 • ExxonMobil and LyondellBasell invest a total o
Slide 13: First facility under construction and second facility in engineering
First facility under construction and second facility in engineering Development of first Circularity Center is underway, Funding approved for second Circularity Center in Q4 2024 1st stage completion expected end 2025 Q4 2023 USD 0 Q4 2024 USD 67.5m FID Agilyx funding FID Agilyx pro-rata funding ~5
Slide 14: Economics of first two Cyclyx facilities supported by partner offtake agreements
Economics of first two Cyclyx facilities supported by partner offtake agreements First Circularity Center (Houston): economics and flow of funds Second Circularity Center (Dallas): economics and flow of funds 25% 25% 50% 25% 25% 50% Annual profit: $9.3m p.a. Royalty fee: $1.2m p.a. Royalty fee: $2.5
Slide 15: Significant economies of scale as Circularity Centers roll out
Significant economies of scale as Circularity Centers roll out USD in millions 1 Center 2 Centers 3 Centers 4 Centers 5 Centers Income from Circularity Centers direct to Agilyx C2 (Dallas) 9.3 9.3 9.3 9.3 C3 10.5 10.5 10.5 C4 10.5 10.5 C5 10.5 Income direct to Agilyx 9.3 19.8 30.3 40.8 Royalties (1)
Slide 16: Agenda
Agenda 1 The Market Opportunity 2 Agilyx 3 GreenDot 4 The Transaction and the Outcome 16
Slide 17: GreenDot: 35 years of leadership in recycling, first mover in feedstock for Advanced Recycling
GreenDot: 35 years of leadership in recycling, first mover in production of feedstock for Advanced Recycling (AR) in Europe with control of large volume of plastic waste Licensed across 29 countries, it is the most recognized recycling Key statistics brand in Europe circa €380m €10m EBITDA 100,000 F
Slide 18: The GreenDot business models - Blue chip clients
The GreenDot business models - Blue chip clients Vertical integration with 2 business positioning and business models contributing to one another (differentiation - stable large source of waste – preferred access to off-takers) Established German Recycling Business Sorting Business expanding into “D
Slide 19: New Opportunities for Growth - EU's most developed pipeline for delivery of feedstock
New Opportunities for Growth - EU´s most developed pipeline for delivery of feedstock Key feedstock agreements signed or in negotiation • GreenDot’s existing pipeline of 19 contracts has the potential to deliver >€20m EBITDA p.a. by 2030 • Has executed contracts or is in discussions to supply feedst
Slide 20: GreenDot from vertically integrated first mover to established leader
GreenDot from vertically integrated first mover to established leader Today 2030 2030 Map Waste Volumes Collected Today: EPR business in Germany with 16.8% market share + through EPR Access to systems in Austria and Italy 300kt/y >500 kt/y feedstock 2030: 20 to 25% market share in Germany with i
Slide 21: GreenDot FY2025 YTD and full year outlook
GreenDot FY2025 YTD and full year outlook (EUR) YTD Germany YTD Sorting Italy YTD Sorting Austria (May) GreenDot Group (May) (May) 33% owned by GD Consolidated (ex Austria) (1) Sales 183.7m 6.2m 8.7m 189.9m Gross Profit 21.8 -1.0 4.3 20.8 EBITDA 10.1 -2.6 3.9 6.8 Net Income 1.3 -4.5 0.6 -3.4 GreenDo
Slide 22: Agenda
Agenda 1 The Market Opportunity 2 Agilyx 3 GreenDot 4 The Transaction and the Outcome 22
Slide 23: GreenDot provides a standalone investment IRR of 30+%. Synergies further enhance earnings potential
GreenDot provides a standalone investment IRR of 30+%. Synergies further enhance Agilyx earnings potential through increased value at both Cyclyx and GreenDot Potential collaboration with Cyclyx to use EU waste plastic volumes to meet US offtake demand 1 GreenDot generates revenue from access to at
Slide 24: GreenDot share acquisition, summary of transaction
GreenDot share acquisition, summary of transaction Agilyx is buying 44.2% of the GreenDot´s equity for a total consideration of €52 million including: • €32 million in Agilyx shares (valued at the 30-day volume weighted average share price) • €20 million in cash for primary and secondary share purch
Slide 25: Sources and Uses for the GreenDot Investment
Sources and Uses for the GreenDot Investment Post-money shareholding structure with Agilyx will acquire 44% of GreenDot 3-member board of GreenDot Sources EUR Uses EUR Shareholders % Acquisition of GreenDot Agilyx ASA 44.2% Issuance of Agilyx shares from exiting shares to Green Dot 31.9m 31.9m share
Slide 26: Agilyx group structure following the strategic investment into GreenDot
Agilyx group structure following the strategic investment into GreenDot (OSX and planned NYSE/NASDAQ in 2026) 34% 22% 25% 25% 50% 100% 44% US-based platform for the creation of Pioneer in advanced recycling European recycling platform focused waste plastic feedstock for advanced on plastic circulari
Slide 27: Agilyx ASA becomes a global platform to meet rapidly-increasing demand for recycling feedstock
Agilyx ASA becomes a global platform to meet rapidly-increasing demand for mechanical and advanced recycling feedstock Strong 30%+ IRR investment provides a clear path to scale and Core foundation in place in 2025 highly profitable, global company in 2030 GLOBAL CAPABILITIES • Recycling infrastructu
Slide 28: Become a part of the solution
Become a part of the solution Contact us: investors@agilyx.com agilyx.com @agilyx @agilyx
Slide 29: Appendix
Appendix
Slide 30: Relevant experience: Ranjeet Bhatia, Bertrand Laroche
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 l
Slide 31: Laurent Auguste, CEO; Carsten Kloes, CFO
Relevant experience Laurent Auguste, CEO • >30 years in the environmental sector • Former founder and CEO of Veolia South Korea and Japan, CEO of Veolia Americas and Chief Growth, Strategy and Innovation Officer of Veolia globally • Board member of Loop Industries • Early pioneer of the circular eco
Slide 32: Agilyx Board of Directors
Agilyx Board of Directors Peter Norris Carolyn Clarke Steen Jakobsen Catherine C. Keenan Chair of the Board Chair, Audit Committee Chair, Compensation Chair, ESG Committee Committee 32
Slide 33: Agilyx is an early mover and established leader in waste plastic recycling
Agilyx is an early mover and established leader in waste plastic recycling Agilyx listed on Euronext Growth Powered by Agilyx's proprietary Oslo (formerly Merkur Market) technology, Japan's largest advanced Development of generation 1 Generation 4 and 5 technology ISCC PLUS certification received fo
Slide 34: GreenDot is a pioneer in plastic circularity
GreenDot is a pioneer in plastic circularity Leveraging the EPR system, GreenDot is able to capture and deliver value from waste streams for the benefit of brands and consumers • EPR is designed to reduce waste by making producers and handers EPR Model Brand owned of packaging responsible for offtak
Slide 35: Cyclyx benefits from the shareholding and expertise of ExxonMobil and LyondellBasell
Cyclyx benefits from the shareholding and expertise of ExxonMobil and LyondellBasell Launch of Cyclyx in 2021, a joint venture with ExxonMobil LyondellBasell acquired 25% of Cyclyx joint venture Oct. 2023 • ExxonMobil, one of the largest publicly traded international energy and petrochemical • Lyond
Slide 36: Styrenyx: Agilyx' proprietary advanced recycling technology
Styrenyx: Agilyx' proprietary advanced recycling technology Positioned to be the premier supplier of sustainable and circular styrene by leveraging the uniquely integrated solution for post-use polystyrene and styrene production. DEPOLYMERIZATION TECHNOLOGY Robust feedstock capability Electrified re
Slide 37: Combined, Agilyx and GreenDot create solutions across the value chain
Combined, Agilyx and GreenDot create solutions across the value chain and the leader in the 2 largest markets 37
Slide 38: Variety of plastics makes recycling challenging
Variety of plastics makes recycling challenging Type Other Common Names Demand Uses • Clear beverage bottles 1 PET Polyethylene-Terephthalate 24% • Seatbelts • Apparel 2 • Milk/shampoo bottles HDPE High-density polyethylene 14% • Pipes (opaque) • Cosmetic containers 3 PVC Polyvinyl chloride 14% • Cl
Slide 39: Risk factors (1/4)
Risk factors (1/4) This Presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities. For transparency purposes, this Presentation includes a description of certain material risks and uncertainties related to the
Slide 40: Risk Factors (2/4)
Risk Factors (2/4) The Company will face regulatory and compliance risks in new jurisdictions Following the Transaction, the Company will become indirectly exposed to extensive regulatory requirements in jurisdictions where it does not currently operate. GreenDot operates in a highly regulated envir
Slide 41: Risk Factors (3/4)
Risk Factors (3/4) Risks related to the liquidation of the France operations in Green Dot The operations of GreenDot in France are to close down and be liquidated. There is a risk of unknown legal or financial claims may arise, such as potential claims under a prepayment and offtake agreement, as we
Slide 42: Risk factors (4/4)
Risk factors (4/4) The Company may not be aware of all risks related to the Green Dot group and may be exposed to unexpected or unidentified risks The Company may not be aware of all risks involved with the Green Dot group. Although the Company has engaged respected third-party advisors to carry out