TD Virtual Group Event Recap; Introducing Our 2024 EstimatesTD Investment Conclusion We have made several minor changes to our 2023 estimates based on management commentary in our virtual group event that collectively have not had a material impact, and we have introduced our 2024 estimates in conjunction with a concurrently published industry note (details on page 2). We believe that Anaergia will have multiple opportunities within the next 12 months to regain investor confidence if it can execute as articulated above, including the ramp-up of Rialto and several European BOO facilities. As a result, we are maintaining our $10.00 target price and SPECULATIVE BUY rating at this time. 25 25 20 20 15 15 10 10 5 5 0 0 Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22 ANRG-T: Price Company P