AeroFarms SPAC Presentation Deck

Valuation Benchmarking ENTERPRISE VALUE / REVENUE I 2.6x 2025E AEROFARMS® 10.4x ‒‒‒‒‒‒ 2025E 1.5x ‒‒‒‒‒ 2026E AEROFARMS ENTERPRISE VALUE / EBITDA AEROFARMS ‒‒‒‒‒‒‒‒‒‒‒‒‒‒P 4.4x ■ H 2026E ‒‒‒‒‒ Sustainable High-growth Food High-growth Food and Beverages (Ent. Value / CY2022E (CY+1) Revenue) Overall Median: 6.3x I ■ ■ ■ 4.2x 6.0x BEYOND MEAT freshpet AppHarvest 2025E 2025E 2025E 23.9x 3.6x 27.5x 11.7x ■ BEYOND MEAT freshpet AppHarvest 2025E 2025E 2025E 8.0x H MONSTER ENERGY 22.5x Mus ‒‒‒‒‒ MONSTER ENERGY Sustainable High-growth Food High-growth Food and Beverages (Ent. Value / CY2022E (CY+1) EBITDA) Overall Median: 43.1x 10.1x FEVER-TREE ‒‒‒ 1 44.6x FEVER-TREE Source: FactSet and company filings as of May 21, 2021 Note: Companies sorted from high to low based on firm value; ¹ Financials converted to USD, USD/GBP conversion rate of 1.416 as of May 21, 2021 4.6x Tattooed Chef 41.7x Tattooed 2.4x Chef. EST 2007 Vital FARMS 45.5x EST 2001 Vital FARMS 58

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