AeroFarms SPAC Presentation Deck slide image

AeroFarms SPAC Presentation Deck

Helping Solve the Global Sustainability and Food Crisis Macrotrend AeroFarms Solution POPULATION GROWTH Food production will need to increase by 69% by 2035¹ to feed the growing population and expanding middle class Up to 390x as productive as a field farm² WATER SCARCITY Global water demand is set to increase by 55% from 2000 to 2050² AEROFARMS Uses up to 95% less water than regular field farmers 1/3 Lost ARABLE LAND LOSS The world has lost 1/3 of its arable land in the last 40 years3 due to soil erosion and contamination by toxic metals4 Uses as little as 0.3% of the land of a field farmer7 t SOCIAL AWARENESS With pesticide residues on 70% of washed produce in the US, people are concerned with sustainability and chemicals on their food5 Grows using zero pesticides SUPPLY CHAIN -$1.2 trillion worth of food is lost or wasted each year,6 exacerbated by risks of disease and climate change Locally produced for fresher food and less waste Solutions are enabled by AeroFarms' rapid innovation in mechanical design, biological science and data analytics and controls ¹ World Resources Group: The Future of Fresh Water; 2 Environmental Outlook to 2050: The consequences of Inaction; 3 The Guardian: Earth has lost a third of arable land in past 40 years; 4 US FDA: Metals and Your Food; 5 The Guardian: Pesticide residues found in 70% of produce sold in US even after washing; 6 USDA for Romaine and Leaf Lettuce; 7 Calculation is based on AeroFarms' annual crop turns, levels of vertical growing and output per square foot versus values for a conventional field farm in a region like New Jersey with one crop turn per year 13
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