Rubicon Technologies SPAC Presentation Deck

Old World Approach to Waste Management Little has changed since the late 18th century; the industry is ripe for disruption Asset heavy, landfill-based model makes ~50% of EBITDA on frequency and tonnage disposed in the landfill Landfill incentives outweigh recycling incentives. Example: Waste Management's recycling rate of 13% is approximately half the industry average Disjointed, antiquated technology with no visibility into waste data Lack of competition results in inflated pricing for all RUBICON Source: Annual Reports; Earnings Calls; Waste Business Journal Rubicon's Approach to Waste Management Rubicon's Integrated waste management platform changes how we think about waste Data-centric approach to waste management is powering sustainability for businesses and cities Digital, cloud-based model utilizes lower-cost resources results in more efficient use of growth capital Rubicon monetizes commodities diverted from landfills, incentivizing recycling efforts and reducing total customer waste spend 14 Holistic audit of customer waste streams results in increased transparency and reduced costs

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