AppHarvest SPAC Presentation Deck

Projected Financial and Operating Metrics Active Facilities Year End 60 60 2021E ($31) 2021E Tomato A AppHarvest 135 30 15 90 2022E 3 Acreage Leafy Green 270 $14 90 30 150 2023E 6 EBITDA $49 Cucumber 405 90 45 270 2024E 9 $106 540 150 60 330 2025E 12 $152 $25 2021E ($19) 2022E 2023E 2024E 2025E Run-Rate Note: All $ figures in millions. (a) FCF Before Growth Spend excludes development SG&A and capital expenditure for new facilities. (b) Excludes impact of taxes. ($30) 2021E $59 2022E Net Revenue ($23) 2022E $141 2023E $4 $246 2023E 2024E FCF Before Growth Spend (a) $32 $376 2024E 2025E Run-Rate $83 $467 2025E $128 Run-Rate(b) 23

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