AppHarvest SPAC Presentation Deck

Market Opportunity: US Grown Produce DO Vine Crops Secular shift to plant-based foods is creating increased demand for locally-grown, high- quality produce Much of fresh produce is imported from Mexico, with national grocers seeking alternative supply from domestic sources • The U.S. needs approximately 17,000 to 20,000 acres of controlled environment agriculture, according to Wageningen University & Research (a) Increased Need to Replace Imports With Domestically Grown Produce (b) (% Imported) A AppHarvest 41% 2009 Tomatoes 60% 2019 Source: U.S. Department of Agriculture (a) Wageningen University & Research, June 2020 (b) Reflects average rate of imports for bell peppers, tomatoes, cucumbers 80 60 40 20 Desperate Need for U.S. Sourcing By Country 70% Mexico 56% 2009 0 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Cucumbers 81% 18% Canada 2019 4% Peru 2% China 7% Other 46% % Vine Crop Imported 69% (b) 2009 Peppers 66% 2019 10

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