AgroFresh : Deutsche Bank’s 29th Annual Leveraged Finance Conference Presentation

Nasdaq: AGFS

AgroFresh Solutions, Inc.

Deutsche Bank

Leveraged Finance Conference

October 04, 2021

Disclaimers

Nothing herein should be deemed to be a representation or warranty given by AgroFresh, and AgroFresh does not undertake to provide updated or corrected information if circumstances change.

In addition to historical information, this presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this presentation that address activities, events or developments that the Company expects or anticipates will or may occur in the future are forward-looking statements and are identified with, but not limited to, words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions (or the negative versions of such words or expressions).

Forward-looking statements include, without limitation, information concerning the Company's possible or assumed future results of operations, anticipated future growth, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's management's control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks include, without limitation, the risk of increased competition, the ability of the business to grow and manage growth profitably, risks associated with acquisitions and investments, changes in applicable laws or regulations, conditions in the global economy, including the effects of the coronavirus outbreak, and the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors. Additional risks and uncertainties are identified and discussed in the Company's filings with the SEC, which are available at the SEC's website at www.sec.gov.

This presentation contains the financial measures EBITDA and Adjusted EBITDA which are not presented in accordance with GAAP. EBITDA excludes income taxes, interest expense and depreciation and amortization, whereas Adjusted EBITDA further excludes items that are non-cash, infrequent, or non-recurring, such as share-based compensation, severance, litigation and M&A related costs, to provide further meaningful information for evaluation of the Company's performance. The Company does not intend for these non-GAAP financial measures to be a substitute for any GAAP financial information.

TM Trademark of AgroFresh

2

The AgroFresh Vision:

To be the Guardian of the World's Fresh Produce

One-third of all food produced is wasted1, equating to $1 trillion in food waste globally2

ONE-HALF1

of fruits and vegetables perish before being consumed

FIELD

STORAGE

TRANSIT

RETAIL

(1)	UN FAO 2012, UN DESA 2015	3
(2)	IFPRI 2016

A Proven Sustainability Track Record

Local & Sustainable

has made the supply chain for apples more sustainable, yielding an annual

reduction of 800 thousand

tonnes of CO2

equivalent to emissions from

~170,000 cars

while making U.S. apples available year round and lowering reliance on carbon- intensive imports.

SmartFresh also allows partners across the supply chain to adopt more energy efficient practices without sacrificing shelf-life or fruit quality.

Healthy & Delicious

is a well-established solution that has helped

to make fresh apples more delicious, healthier and more widely available.

The technology has allowed over

3.7 million tonnes

(8 billion pounds) of apples

to be sold as fresh

rather than processed

and has increased antioxidant levels in the apples on the shelf. Since its release in 2002, apple consumption has been on the rise by 1.7% annually.

Tackling Food Waste

is helping to tackle food waste by elongating shelf-lifeof fresh apples.

Since its launch, well over

250,000 tonnes

(half a billion pounds) of

apples have been

sold at retail

rather than sent to the landfill.

This equates to over 3 million MT

(800 million gallons) of water and over

9,000 hectares (22,000 acres) of

production that would have been thrown

in the trash.

(1) Based on calculations or analysis by third party consultants; Sources: McCormick, Fadanelli, USDA NASS, USDA FAS GATS, USDA	4
PS&D, AgroFresh Insights, Expert analysis, EPA: average car emits 4.6 MT CO2 annually

AgroFresh Snapshot

• Global solutions provider focused on food preservation and food waste reduction for the fresh produce market
• Unique, sustainable business model - high-touchservice offering, asset-lightprofile allows for attractive margins and stable cash flow generation
• Proven track record of product innovation and customer satisfaction with significant brand equity across the value chain
• A global, customer-centricsales and technical services team - supported by 40+ scientists; over 50% have advanced degrees
• Provides innovative solutions to a highly diverse base of more than 3,500 direct customers and serves 25,000+ storage rooms globally

• Business in over 50 countries
• Portfolio of 435 patents and patent applications globally

Key Financial Statistics1

Revenue Breakdown3

LTM Revenue

LTM Gross Margin

LTM Adj. EBITDA

$166 million

73%

$64 million

Geography

Asia Pacific

10%

North America

Enterprise Value2

$478 million

Latin America 19%

20%

1. As of 6/30/21, except as otherwise indicated
2. Equity price as of 9/27/21; balance sheet as of 6/30/21
3. LTM revenue mix as of 6/30/21; may not total 100% due to rounding

EMEA

50%

5