Agilyx Asa · OSL:AGLX
Agilyx Asa — H1 2024 Earnings Presentation
14 slides from Agilyx Asa's earnings presentation, Aug 28, 2024
Slide 1: H1 2024 Business Update
H1 2024 Business Update 28 August 2024
Slide 2: Enabling the recycling of challenging post-use plastics into high-value products
Enabling the recycling of challenging post-use plastics into high-value, virgin-equivalent products. First Mover in a Strategic Partner Clear Path to Cash Unique Investment Dynamic Market: Validation: Flow Generation: Opportunity: A 60% supply-demand Second project for Funded projects generate A pub
Slide 3: H1 Summary
H1 Summary Continued shift to focus on Cyclyx and feedstock management. Rapid buildout of Cyclyx team members, sourcing capabilities, CCC1 construction and CCC2 development. Completed transformative private placement catalyzes AGLX to profitability and provides funding through CCC2 commissioning in
Slide 4: Lack of custom plastic feedstock is key industry bottleneck
Lack of custom plastic feedstock is key industry bottleneck Announced chemical recycling capacity exceeds circular feedstock by 60% or more 5000 4000 3000 Ktpa 2000 1000 0 2019 2020 2021 2022 2023 2024 2025 2026 Announced pyrolysis capacity Estimated capability to supply circular feedstock Companies
Slide 5: Surging demand for feedstock creates potential for hundreds of CCCs
Surging demand for feedstock creates potential for hundreds of CCCs Agilyx is positioned to meet demand for advanced feedstock and CCC’s Extensive development need to meet High demand for feedstock from existing customers CCC demand towards 2040 Total CCC demand scenarios (number of CCCs) 1,2 Foreca
Slide 6: CCC2 close to advancing to FID with long-term offtake from ExxonMobil and LyondellBasell
CCC2 close to advancing to FID with long-term offtake from ExxonMobil and LyondellBasell CCC2 Economics and flow of funds Cyclyx Circularity Center 2 - Road to FID #1: Commitments from ExxonMobil and LyondellBasell ExxonMobil and LyondellBasell have a strong underlying business rationale for investi
Slide 7: Strong cash flows with multiple CCCs in operation at CCC2 economics
Strong cash flows with multiple CCCs in operation at CCC2 economics USD in millions 1 CCC 2 CCC 3 CCC 4 CCC 5 CCC Income from CCCs direct to Agilyx CCC2 10.5 10.5 10.5 10.5 CCC3 10.5 10.5 10.5 CCC4 10.5 10.5 CCC5 10.5 CCCs income to Agilyx 10.5 21.0 31.5 42.0 Royalties 2.5 5 7.5 10 12.5 Total income
Slide 8: Cyclyx has a unique solution to produce advanced custom plastic feedstock
Cyclyx has a unique solution to produce advanced custom plastic feedstock for use in mechanical and advanced recycling Cyclyx unique offering of feedstock is solving a bottleneck problem for advanced recycling Source Process Convert Purify Plastic waste is received at the CCC site from 1 direct part
Slide 9: Cyclyx Circularity Centers will solve a key bottleneck for the industry
Cyclyx Circularity Centers will solve a key bottleneck for the industry CCCs are unique in design, focus, scale and products Significant scale to bridge waste and chemical Designed to handle all plastics • All plastics accepted: type 1-7 and non-classified plastics interests • Some of the world's la
Slide 10: Cyclyx Sourcing Strategy
Cyclyx Sourcing Strategy: Cyclyx addresses the importance of sourcing 10to90® initiative The 10to90® initiative mission is to increase the recycling rate of post-use plastics from 10% to 90% by several initiatives Takeback programs demonstrated in Community, commercial and retail-based takebacks pro
Slide 11: Conversion business focused on polystyrene recycling technology
Conversion business focused on polystyrene recycling technology • Achieved product spec within first day of operations in Q2 2024 • AGLX providing ongoing technical support through TOYO STYRENE beginning of Q4 • Front-End Engineering Design, in cooperation with Technip has been completed for US Proj
Slide 12: $40M equity raise and bond guarantee secure funding for CCC2
$40M equity raise and bond guarantee secure funding for CCC2 Agilyx capital commitment for CCC2 to be Transaction highlights fully financed as part of equity raise • USD 40m equity private placement to support Agilyx and Cyclyx in roll out of CCC2 together with ExxonMobil and LyondellBasell Uses and
Slide 13: Financial metrics
Financial metrics HY 2023 USD HY 2024 Pro-Forma Revenue 4,635,633 448,476 Operating Expenses (7,824,052) (6,028,826) Comprehensive profit / (loss) (11,034,700) (11,473,961) Diluted earnings / (loss) per share (0.13) (0.12) $5.0m $1.6m 64% $1.7m Revenue at Cyclyx level driven Net of transaction costs
Slide 14: Q&A
Q&A