AppHarvest SPAC Presentation Deck

Illustrative Cucumber Facility Economics Illustrative steady-state economics for 60-acre cucumber facility excluding financing costs $107.1 Capital Cost A AppHarvest $47.9 Net Revenue $12.0 Labor Cost $5.8 Utilities Cost $10.8 Other Cost $19.3 Gross Profit $1.3 Crop SG&A Implied Unlevered Return 17% $18.0 Facility EBITDA 27

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