AgroFresh SPAC Presentation Deck

Key Performance Indicator Benchmarking 2015E EBITDA Margin 57% (1) AgroFresh 98% TM AgroFreshTM Source: (1) 27 (2) 34% CHR HANSEN 2015E Cash Conversion (2) Food / Ingredients Specialties 90% 33% novozymes 79% FRUTAROM novozymes 19% Median: 26% 77% FRUTAROMNATUREX 14% Median: 78% CHR HANSEN 57% NATUREX Service Oriented Comps Median: 21% 21% ECOLAB Median: 75% 75% ECOLAB High Margin / High Value Specialties 45% Victrex® 80% 28% Median: 28% CRODA BALCHEM Real People Real Science. Real Results 68% Public filings, Wall Street Research, and FactSet as of 6/09/2015. Pro forma net sales and Pro forma EBITDA are non-GAAP financial measures. See appendix for reconciliation to US GAAP financial statements. Cash Conversion defined as (EBITDA - Capex) / EBITDA. 26% Median: 68% BALCHEM CRODA Real People Real Science RealResults 66% Victrex® 32% MONSANTO 85% "Pure-Play" AgChem Comps 23% PLATFORM SPECIALTY DDDDUCTE CODDODATION 79% PLATFORM SPECIALTY MONSANTO DOODUCTS COODORATION Median: 22% 21% 20% FMC syngenta 76% Median: 78% 73% syngenta FMC AgroFresh™M

View entire presentation