Danimer Scientific : First Quarter 2021 Earnings Presentation

First Quarter 2021

Earnings Presentation

May 17, 2021

Disclaimer

This presentation ("Presentation") is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful.

No representations or warranties, express or implied, are given in, or in respect of, this Presentation. To the fullest extent permitted by law in no circumstances will Danimer Scientific, Inc. (the "Company") or any of its subsidiaries, stockholders, affiliates, representatives, directors, officers, employees, advisers, or agents be responsible or liable for a direct, indirect, or consequential loss or loss of profit arising from the use of this Presentation, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. Industry and market data used in this Presentation have been obtained from third-party industry publications and sources as well as from research reports prepared for other purposes. The Company has not independently verified the data obtained from these sources and cannot assure you of the data's accuracy or completeness. This data is subject to change. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of investigations as they deem necessary.

FORWARD-LOOKING STATEMENTS

Please note that in this Presentation, we may use words such as "appears," "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on Management's expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. The Company cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward- looking statements in this Presentation include, but are not limited to, the overall level of consumer demand on its products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to its products; the Company's exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company's business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company's manufacturing facilities and suppliers, as well as consumer demand for its products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, its information systems; the ability of its information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; its ability to properly maintain, protect, repair or upgrade its information technology systems or information security systems, or problems with its transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; its ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this Presentation are based upon information available to the Company as of the date of this Presentation and speak only as of the date hereof. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this presentation.

USE OF PROJECTIONS

This Presentation contains projected financial information with respect to the Company. Such projected financial information constitutes forward-looking information and is for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The assumptions and estimates underlying such financial information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive, and other risks and uncertainties. See "Forward-Looking Statements" above. Actual results may differ materially from the results contemplated by the financial forecast information contained in this Presentation, and the inclusion of such information in this Presentation should not be regarded as a representation by any person that the results reflected in such forecasts will be achieved..

FINANCIAL INFORMATION; NON-GAAP FINANCIAL MEASURES

Some of the financial information and data contained in this Presentation, such as Adjusted EBITDA, Adjusted EBITDAR and Adjusted Gross Profit has not been prepared in accordance with United States generally accepted accounting principles ("GAAP"). The Company believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. The Company's management uses these non-GAAP measures for trend analyses and for budgeting and planning purposes. A reconciliation of these non-GAAP financial measures to the closest GAAP measure is included in the Appendix to the Presentation. You should review the Company's audited financial statements prepared in accordance with GAAP, which are included in its Annual Report on Form 10-K/A filed with the SEC.

TRADEMARKS

This Presentation contained trademarks, service marks, trade names, and copyrights of, the Company, and other companies, which are the property of their respective owners. The information contained herein is as of May 17, 2021, and does not reflect any subsequent events.

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Key Messages for Today

Danimer has the market know-how

• Market leadership in research and development are both creating and bolstering our relationships
• Our patent protected Nodax® technology is the core of our application development
• Customers trust Nodax ® as a true solution to their ESG commitments

Commercial scale, technology driven platform backed by blue-chip customer commitments

• We view PHA as a significant disruptive technology to petrochemical plastics
• Nodax ® technology backed by rigorous research, international testing standards and third-party certifications

Demand environment remains strong

• Bioplastics are <1% of our 500 billion lb TAM
• Intense demand from blue chip multinational customers continues to grow
• Kentucky facility expected to be sold out through 2025 based on signed and pending contracts

Our growth strategy

• Eliminate plastic waste from the environment
• Align growth/expansion with customer demand

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Business Highlights

Business Highlights

• Entered into two new customer agreements, including Mars Wrigley, and significantly expanded an existing contract with a converter partner
• Negotiating five new supply agreements
• • One for straws, one for cutlery, two for films and one for a non- plastic article
• Opening new product application avenues for our Nodax ® technology
• • Cutlery and aqueous coatings
• Partnerships with blue-chip customers remain in excellent standing
• Kentucky Phase II capacity expansion on track for expected Q2 2022 completion

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PHA Customer Collaboration Case Studies Underscore High Customer Acceptance

Danimer & PepsiCo Awarded the 2018

Innovation in Bioplastics Award

Collaboration Background

• Joint R&D to design, develop, manufacture and evaluate PHA based resins for individual layers suitable for flexible food packaging
• Partnership with Danimer Nodax® PHA expects to enhance Pepsi's ESG initiatives

Bacardi teams up with Danimer Scientific

on Biodegradable Spirits Bottle

Collaboration Background

• Bacardi to eliminate at least 3,000 tons of plastic currently produced annually
• World's most eco-friendly spirits bottle will biodegrade in 18 months
• As well as the new 100% biopolymer spirits bottle, Bacardi is also creating a sustainably sourced paper bottle by integrating Nodax®

Danimer and Mars Wrigley Partner to Develop Home Compostable Packaging

Collaboration Background

• Two year partnership to develop Nodax® PHA for environmentally conscious consumers and retailers
• Development for flexible and rigid packaging that reliably breaks down in industrial composting facilities and backyard compost units
• First targeted brand is Skittles

"Our plan to scale Danimer Scientific's technology is a step toward achieving both our greenhouse- gas emission reduction and our recoverable and recyclable packaging goals."

"When we set ourselves the goal of being 100% plastic free by 2030, we knew that it would take ground-breaking advances in packaging design to make it achievable, and that's exactly what's happening through our partnership with Danimer."

"Collaborating with Danimer to advance this breakthrough technology represents a major step to creating positive societal impact and better environmental outcomes across the full lifecycle of small, flexible packaging."

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