AppHarvest SPAC Presentation Deck

Illustrative Tomato Facility Economics Illustrative steady-state economics for 60-acre tomato facility (half beefsteak, half TOV), excluding financing costs (US$ millions) $135.0 $100.0 Capital Cost (a) A AppHarvest $42.5 Net Revenue $12.3 Labor Cost $6.4 Utilities Cost $6.7 Other Cost $17.2 Gross Profit $1.4 Crop SG&A (a) Capital cost range is attributable to varying levels of technology, facility upgrades, FX impacts, and materials/input costs. Note: Other than capital costs, the dollar values are illustrative of the range mid-points anticipated over five years after full facility operations commence. Implied Unlevered Return 12% -16% $15.8 Facility EBITDA 37

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