AppHarvest SPAC Presentation Deck

Valuation Benchmarking 2024E 3.3x Vital FARMS 26.8x 2024E Vital FARMS 5.3x BEYOND MEAT A AppHarvest 41.1x BEYOND MEAT Sustainable Food 2.2x (a) 11.2x NA Sustainable Food (a) Vital FARMS ΝΑ 2025E Vital FARMS 4.5x BEYOND MEAT 2025E 32.9x 1.5x BEYOND MEAT 5.2x EV / Revenue (a) (a) EV / EBITDA 1.0x Calavo I A Source: Capital IQ as of August 28, 2020. (a) Assumes Enterprise Value of $550M; forward-looking metrics are based off management estimates. 13.2x Calavo Traditional Agriculture Median 1.5x 1.1x EM Cal-Maine Foods, Inc. Median 14.1x 9.1x 2021E Traditional Agriculture EM Cal-Maine Foods, Inc. 3.0x Simply Good ❤ FOODS COMPANY" 2021E 16.3x *Simply Good FOODS COMPANY" 1.9x LIMONEIRA SINCE 1891 15.0x LIMONEIRA SINCE IR03 25

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