DIGITAL MANUFACTURING. REIMAGINED.

Valuation Benchmarking EV / '22E Adj. EBITDA1 EV / '22E Revenue Industry 4.0 comparable universe Scaled advanced manufacturing / Industry disruptors 7.3x 4.0x FATHOM 13.2x T.5x 9.1x 5.6x 4.4x 2 materialise COGNEX stratasys 3 4 PROTOLABS ROPER 3D SYSTEMS Median: 5.0x I Median: Early stage / Recent de-SPACS 然 18.2x 18.8x 13.5× 13.6x 10.3% - D Desktop Metal VELO D BG Bright Machines. 41.2x 36.4x 31.1x 35.0x 27.5x 20.6x 25.0x N/M Median: 13.6x Markforged Median: N/M N/M N/M N/M N/M 2 3 4 FATHOM COGNEX stratasys PROTOLABS materialise ROPER D Desktop Metal VELO D BG Bright Machines Markforged 3D SYSTEMS Source: Company filings, management projections, Factset as of 7/14/2021; Berkshire Grey data from SPAC announcement presentation as of 2/24/21, MarkForged data from SPAC announcement presentation as of 2/24/21, Velo3D data from SPAC announcement presentation as of 3/23/21, Bright Machines data from SPAC announcement presentation as of 5/17/21 Note: Medians exclude Fathom 1 Adjusted EBITDA is a non-GAAP measure. Adjustments to EBITDA include transaction and integration costs, non-recurring and non-cash items, compensation normalization and other accounting adjustments; 2 PF for follow-on offering of 4mm shares announced June 10, 2021; 3 PF for (i) acquisition of Origin and (ii) $200mm follow-on offering announced on March 2, 2021; 4 PF for acquisition of 3D Hubs FATHOM Fathom Proprietary and Confidential 35

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