Exhibit 99.2
1 Let’s Grow Together Deal Roadshow PresentationOctober 2022
Disclaimer This presentation (this “Presentation”) is provided for informational
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Table of Contents Introduction Who is Prize? Key Investment
Highlights Financials & KPIs Transaction Overview Conclusion
Introduction I.
Proposed Transaction Summary Acquirer Sponsor Company Leading farmer,
processor and exporter of Superfruits & nuts in the Southern Hemisphere exporting to 30+ nations Latin American-dedicated sponsor focused on partnering with leading, profitable businesses to achieve success utilizing the U.S. public
markets Antioxidant-rich foods like superfruits are disrupting the consumer segment with health-conscious buyers willing to pay premium. Prize is uniquely positioned to capture this demand Long-term relationships with third-party growers
provide Prize high-margin, recurrent EBITDA through processing and commercial services Vertically integrated Chilean superfruit operations provide full control over fruit quality, supply chain oversight, and fuel the company’s short- term
growth Founder-led, proven team with a track record of efficient execution and success identifying superfruit trends Well-defined and attractive growth plan through international expansion of superfruit orchards. Opportunity to consolidate a
fragmented industry using U.S. listed equity Transaction Funding The transaction is expected to be funded through a combination of Rose Hill’s cash held in trust and proceeds of a PIPE financing to be raised before closing Transaction will
result in an estimated $55 million of cash to the balance sheet to invest in the international farming segment, strategic partnerships / inorganic opportunities globally, and the Chilean processing expansion Prize majority shareholder &
CEO to receive earnouts at share price hurdles of $18, $22, $26, and $30 Rose Hill Sponsor to achieve earnouts at share price hurdles of $15 and $20 Investment Rationale Founder & Sponsor Incentive Est. Pro-Forma EV $425M Pro-Forma
EV/2023E EBITDA 10.1x 9-Yr Historical EBITDA CAGR 28% Expected Transaction Close Q1 2023 Expected SPAC + PIPE Ownership ~15-20% Statistical Summary of Transaction 2023E EBITDA $42M Pre-Money Equity Value $328M ESG-focused company
with a long-term vision of feeding the world with high-quality & nutritious superfruits
Proceeds expected to be deployed towards the international farming segment,
strategic partnerships / inorganic expansion opportunities and development of the Chilean processing segment Transaction Proceeds to Fund a Solid Growth Plan Development of Farming Segment Acquisition of hectares for new blueberry
plantations in Peru Expansion to North America following our strategic plan Capital deployment for the acquisition of land in Northern Africa / Europe, and Asia Processing Segment Expansion and Maintenance Increase of processing capacity
of cherries, blueberries & nuts in Chile & Peru Continuous improvements of Requinoa, Bio Bio and Paijan facilities Software development to enhance & automate third party grower’s customer experience Strategic Partnerships /
Inorganic Opportunities Ongoing analysis of strategic partnerships and inorganic opportunities that fits our strategic rationale Geographical diversification to provide year-round supply of superfruits Expansion into other attractive,
high-margin superfruit varieties Portion Over Total Proceeds Portion Over Total Proceeds Portion Over Total Proceeds
Who is Prize? II.
Initial expansion into Peru, with a long-term global focus Fruit
commercialization and processing for third parties Acquisition and plantation of own superfruit farms across Chile, achieving vertical integration The Foundation – Third Party Services Vertical Integration International Growth Our History
– From Market to Farming Prize was founded as an export-only company in 2006 and expanded into fruit processing in 2011 making it one of the largest superfoods companies in Chile, and grew into a superfruit farmer in Chile / Peru since
2016 Incorporation of Prize Association with Zespri, a leading kiwi grower 2006 Strengthening of commercial segment enlarging fruit offer 2007 - 2010 Integration to the processing segment and construction of the Requinoa
Plant 2011 Blueberries Kiwis Apples Stone Fruits Cherries Grapes Pears Initial plantation of cherries and blueberry farms 2016 2017 Incorporation of Prize Nuts Construction of the nuts processing plant 2018 Strategic Alliance
with Global Fruit to export cherries from Canada New packing Bio Bio 2021 - 2022 Aqu Anqa Project of Blueberries in Peru Expansion to other global markets
(3) Includes plums and sugar plums. Prize At-a-Glance Fruits Total Ha’s
Planted 350 Ha 210 Ha 43 Ha 42 Ha Cherries Blueberries Nectarines Plums 72 Ha Blueberries Total 717 Ha Planted Multi-Superfruit growing, processing, and exporting company founded in 2006 In S21-22, exported 11+ fruit types to 30+
countries and processed ~41 million kilos of fruit & nuts Diversified presence across Chile, Peru, and expected expansion into North America, Southern Europe, Asia, & Northern Africa Integrated value chain, involved in farming,
processing and exporting segments ~41 million kilos & +11 Fruit Types Exported to +30 Countries Supported by an integrated value chain Farming Processing Exporting Leading Superfruit Company in the Andean Region S21-22E
Total Revenues Supported by Top-Notch Processing Facilities Best-in-Class Superfruit Farms S21-22E Export Mix Leading Superfruits company that farms & processes multi-fruits in the Andean region and exports to 30+ countries around the
globe Prize Requinoa Prize Biobio Prize Paijan +52,500 m2 +9,400 m2 +2,500 m2 700 440 300 110 35 - 55 (4) Includes citrus, avocados, pomerades and stone fruits. (3) Sq. Meters Fruit Capacity Ton/Day
Blueberries Cherries Round fruits(4) Dried walnuts Blueberries (1) We control and consolidate our subsidiary in Peru where we have a non-controlling interest of 25%. Total Revenues $USD 112M In FOB Revenues (%)(2) ($USD) (2)
Considers total exports, including third party growers. (1)
Complementary Business Segments Third Party Services Offers commercialization
and processing services of fruits & nuts to third parties through its facilities in Chile 2 processing plants with +61,000 m2 Processed ~36 million kilos in S21-22 from third-parties Commercialized ~32 million kilos to +30 countries in
S21-22 from third parties International Considers all vertically-integrated operations in other countries Projected expansion into North America, Northern Africa/Europe, and Asia Will commercialize ~1 million kilos to +30 countries in
S21-22 – Peru(1) 72 hectares planted 1 processing plant with +2,500 m2 Prize has diversified its business in order to generate a sustained cash flow by growing, processing and commercializing its own fruit in Chile and globally while also
providing services to third parties Vertically-Integrated Chile Grows, processes and commercializes fruit from its own farms: primarily cherries & blueberries 645 hectares planted Commercialized ~5 million kilos to +30 countries in
S21-22 Hectares in process of achieving full production in 2 -3 years Participation in Total Revenues (S21-22E) Total Revenues $USD 112M Participation in Total Revenues (S21-22E) Total Revenues $USD 112M Participation in Total Revenues
(S21-22E) Total Revenues $USD 112M (1) We control and consolidate our subsidiary in Peru where we have a non-controlling interest of 25%.
Prize - A Strong Combination of Stable Cash Flow and Growth Our third-party and
vertically integrated Chile segments provide recurring cash flow which is used to fund our international growth + Stable Cash Flow Generating Segments High Growth Opportunity Internationally Vertically Integrated Chile Third Party
Services Consistent cashflow generation through year-round third-party processing and exporting services Loyal base of third-party growers International High quality assets bringing efficiency and High margin operation extracting value
throughout the entire fruit production chain Already implemented operations in Peru(1) with a packing facility and a clear growth plan for the next 4 years Ample space to invest in vertically integrated operations in other attractive markets
to supply the Northern Hemisphere Year-round supply to our customers from a diversified supply platform (1) We control and consolidate our subsidiary in Peru where we have a non-controlling interest of 25%.
Proven Track Record of Growth & Execution Capabilities… Prize has shown solid
and consistent growth performance despite different industry setbacks and economic cycles Annual Revenues $USD Millions EBITDA & EBITDA Margins $USD Millions Grew EBITDA & Revenue 20%+ CAGR since inception Consistently improved
EBITDA margins by focusing on profitable superfruit opportunities Resilient performance in the past 3 years despite the industry being severely affected by Covid-19 and logistic crises Other industry players facing operating and financing
challenges Successfully identified and executed growth plans on three different superfruit types: kiwis, cherries and blueberries S12-13 / S21-22E CAGR: 20% S12-13 / S21-22E CAGR: 28% Proven and resilient business model that performs even
in the most challenging agricultural seasons (S19-20 to S21-22) Solid Historical Performance Note: Calendar Year from Nov 1 to Oct 31
…to Continue Being Boosted by Recent Investments… Prize has heavily invested in
the past 5 years into expanding processing/exporting capacity & vertically integrating superfruit orchards Third Party Services – S22-23 ~85% of cherries that are only processed already committed ~97% of cherries processed &
exported already committed ~66% of blueberries processed & exported already committed +$USD 110M Executed Investment Plan Over the Past 5 Years… …Directly Fueling Short-Term EBITDA Growth Third Party Services - USD$50M+ Vertically
Integrated Chile - $USD 45M+ International Expansion - $USD 14M+ Vertically Integrated Chile – S22-23 Higher cherries and blueberries volume given production curve ramp up of existing orchards International Segment – S22-23 Higher
blueberries volume given production curve ramp up of existing orchards + 23 new Ha’s planted Prize Biobio +9,400 m2 Bio Bio Blueberry Plant Prize Nuts processing Plant Commercial China office & strategic alliance in Canada 350 Ha
Planted 210 Ha Planted 43 Ha Planted 42 Ha Planted 125 HaAcquired S20-21 +2,500 m2 PaijanProcessing Plant $12M $7M $4M $20M USD$20M S21-22E to USD$42M S22-23E EBITDA Walk S21-22E EBITDA (1) (1) Fruit committed through contracts and
verbal commitments. 92 cherry and 12 stone fruit processing lines
…And with a Well-Defined Growth Plan for the Next 4 Years Growth plan focused on
international expansion with feasible acquisition of hectares and efficient farming and processing of superfruit orchards Rationale for International Expansion Strengthening of relationships with customers given year-round-supply and ability
to offer consistent, high-quality fruit EBITDA accretive superfruit orchards through vertical integration Diversified agricultural risk and favorable environments allow for optimal quality, yield, and harvesting efficiency Geographic
proximity to destination markets reduces logistics costs and risks Investment Plan Breakdown Projected Revenue and EBITDA Growth 1 USD $193M Investment Plan (S22-23 to S25-26) Capex $USD # Hectares Region 2 4 Peru Northern Africa /
Europe North America $70M $52M $18M 788 343 130 Revenue CAGR:28% EBITDA CAGR:36% In $USD millions Financing Sources Company’s EBITDA From stable cash flow generating segments and full reinvestment of international segment’s EBITDA
Nasdaq-listed Equity Platform to access an extended investor base and have access to new development opportunities IPO Proceeds Cash from SPAC cash in trust, PIPE placement, and equity line of credit Low Levels of Debt Equity as
acquisition currency for accretive acquisitions / strategic partnerships 3 Chile $53M(1) 399 (1) Capex to be deployed in Chile includes $USD 31M in hectares and $USD 22M in processing machines. (2) We control and consolidate our
subsidiary in Peru where we have a non-controlling interest of 25%. (2)
Our Growth Will Leverage our Global Commercial Network Plantations &
Processing, Existing Planned Plantations Export Markets 5th Largest global cherry exporter 100+ Prime retail, supermarket, and distributor clients in 30+ countries 200+ Recurrent external growers feeding processing / exporting
services 2,400+ Superfruit hectares across the globe by S25-26E Peru Chile Processing Plant Existing Plantations Trujillo Bio Bio Maule Los Lagos Los Rios O’Higgins Ñuble
Sustainability as the Cornerstone of Prize Prize has a strong commitment to
sustainability and social responsibility in our community and for the world Message from our Founder and CEO on Sustainable Development “At Prize sustainability is at the core of our business and completely inseparable from what we do and how
we do it. We live and work thanks to what mother nature gives us, and we use the tools that she provides like water, sunlight, soil (when efficient), bees and climate. All of this makes us most interested in protecting her. With this gift,
and the committed work of our people, we can grow wonderful varieties to feed the world with nutritious and delicious superfruits.” – Alejandro Garcia-Huidobro Environmental Impact Stakeholder Inviolability Reclaimed Desert Planting
Stewardship over the land which we farm and to the communities in which we operate is core to our values and reflected across our farming practices, relationships with growers, and dedication to the earth Ethical Supply Chain Water
Consumption Reduction Plan Community Focus Diversity of Workforce Net Zero Carbon Strategy Feeding the World Waste Reduction Commitment
Why We are a Differentiated Platform We believe Prize’s unique characteristics
allow us to differentiate from our competitors and take advantage of new opportunities Leadership with entrepreneurial mindset capable of executing faster and more efficiently Market to farm approach started as exporters,
vertically-integrating from there Higher expected growth due to current and recent yields on investments made in the last 4 years Top varieties given the access to the best variety clubs without the risks involved on inside
developing Cross-Selling Capabilities in China Well positioned to capture the growing & underpenetrated blueberry market in China Focus on high value products allows us to identify new opportunities achieving greater efficiencies
through year-round processing
Key Investment Highlights III.
Key Investment Highlights Superfruit market growing rapidly across the
globe Antioxidant-rich foods are disrupting the consumer segment with increasingly health-conscious buyers Loyal base of third-party growers powered by a leading exporting platform Year-round processing and exporting for third parties
provide consistent & recurrent EBITDA Vertically-integrated operations in Chile fuel short term growth Allows for superior quality product, unique pricing opportunities and higher margins Growing international segment Well defined
growth plan for global expansion allows year-round supply and ability to utilize Nasdaq-listed equity as a currency for accretive acquisitions / strategic partnerships Founder-led, entrepreneurial & market-oriented team Proven track
history of efficient execution & market to farm approach across fruit types ESG focus at our core Net zero carbon strategy with a focus on positively impacting our communities and the world
Superfruit market growing rapidly across the globe Investment Highlight I
The Rise of the SuperFruit Industry An increasingly health-conscious &
discerning consumer invests in their health, marking a shift towards healthy options ORAC Value (Antioxidant level) / 100g fruit(5) ‘Superfruit,’ with the most abundant natural source of antioxidants Consumption is linked to reduced risk of
cardiovascular disease, diabetes and neurological decline, as well as improved weight maintenance(7) Global blueberry market was valued at $USD 8.3 bn in 2021 with 1.7M tons and is expected to reach 2.3M tons by 2030(8) ‘Superfruit,’ with a
rich source of polyphenols, Vitamin C, carotenoids and potassium with anti-oxidant and anti-inflammatory properties Consumption is linked to reduced stress, inflammation, exercise-induced muscle soreness & loss of strength, blood pressure
& arthritis(7) Total world production of cherries is expected to be ~4M tons in S21-22(9). Market is expected to be worth $USD 3.8 bn in 2022 and grow at a CAGR of 3.1% by 2028(10) $USD 125bn Global superfood incremental market size
growth 2021-2026 65% Actively seek functional benefits for their food Superfruit % of total fruit consumption per capita, US(6) 16% 7% Superfruit consumption has grown over 2.3x in the past two decades +2.3x 38% Actively seek
antioxidant-rich food in their diets (2) (3) (4) (10) Market Reports World (https://www.marketreportsworld.com/global-and-united-states-fresh-cherries-market-20818175 The # of consumers who identify as health-conscious has doubled in the
last 5 years (1) Superfruits, especially berries, have the highest level of antioxidants than any other fruits (6) USDA Fruits Supply & Utilization, Table G-36. Superfruit defined as Avocados, Blueberries, Cherries, Cranberries and
Strawberries (5) “Cellular Antioxidant Activity of Common Fruits”, Wolfe, Kang et. Al (2008) (7) National Institute of Health (nih.gov) (4) Technavio
(https://www.prnewswire.com/news-releases/superfoods-market-to-record-a-cagr-of-7-82-superfruits-to-be-largest-revenue-generating-product-segment---technavio-301601501.html ) (3) FMI U.S. Grocery Shopper Trends (2) Kerry Group
(https://www.fooddive.com/news/functional-foods-attract-health-conscious-consumers/550429/) (1) Renolon (https://www.renolon.com/health-conscious-consumer-statistics/) (9) Rabobank, Cherry Outlook Sweeter than Sour. (8) Index Box
(https://www.indexbox.io/blog/global-blueberry-market-2022/)
Blueberries: The Fastest Growing Fruit Due to their nutritional value and taste,
blueberries continue to experience exponential demand worldwide Blueberries have the Fastest-growing Consumption Rate of all Fruits in the U.S… …And are Experiencing Substantial Import Growth Globally with Stable Pricing Despite Recent
Supply Surge(2) 000’ Tons Once a Consumer Likes Blueberries, they Stick to it 21-Year CAGR(2000-2020) by Fruit, US Consumption per Capita(1) (1) USDA Fruits Supply & Utilization, Table G-36, as of 2020 , latest available information
(2) UN Comtrade (3) State of Blueberries A&U Report, USHBC Better Genetics will Make Blueberries a Supersnack, Increasing its Demand Upcoming varieties will have better characteristics for end consumers: tastier, firmer and more
resistant This represents a unique opportunity to become a supersnack 74% Of blueberry purchasers consume it more than once a week(3) 1 in 5 Blueberry consumers consume it daily(3) 30% Of Gen Y consumers (25-40 age) consume it several
times a day(3) 4x bigger Is the global snacking than the breakfast category in USA(4) ($USD 1,450 bn vs 398 bn in 2021) Better characteristics and status of supersnack will lead to an increase of demand (4) Sekoya Fruit
(https://sekoyafruit.com/snacking/)
An Actionable Blueberry Opportunity in China China represents a key import market
with very low, but growing penetration of blueberries Significant Underpenetration ex. U.S., Especially China Blueberry Consumption / Yr (Kg / Per Capita) 102 Total Fruit Consumption / Yr (Kg / Per Capita,
2019)(4) 107 79 81 Fast-growing Chinese Imports Signal an Opportunity… Chinese Blueberry Imports 000’ tons(5) …Which Prize is Uniquely Positioned to Capture Prize in S21-22 exported ~18M kg of fruit to China and 641 tons of blueberries
through 11 retail clients Existing network of commercial partners provides unique positioning to capture the significant growth in China If China reaches 1/4th of US Consumption / Per Capita, it will import 130,000 tons, 100,000 more than
current import Largest Chilean exporter of blueberries to China in S19-20 and S20-21 2010 - 2021 CAGR: 58% China consumes approximately the same fruit/per capita of the U.S., but ~1/6th of the blueberries (1) USDA Fruits Supply &
Utilization, Table G-36. (2) CBI (https://www.cbi.eu/market-information/fresh-fruit-vegetables/blueberries/market-potential) (3) Blueberries Consulting
(https://blueberriesconsulting.com/en/informe-de-arandanos-de-china-2020-la-industria-crece-rapidamente/). Considers own production of 235 th. tons plus 30 th. tons imported and a total population of 1,400 mm (1) (2) (2) (3) (4) FAO Stat,
Food Balances as of 2019 (https://www.fao.org/faostat/en/#data/FBS) (5) UN Comtrade
Cherries: Sustained & Growing Chinese Consumption Asia accounts for +80% of
Chile’s Cherry Exports Chilean Cherry Exports 000’ tons(1) China Imports have skyrocketed in the past 5 years… Chinese Cherry Imports 000’ tons(1) … Prize with competitive advantages in China Cherries are a high value fruit and Chinese
domestic supply is insufficient to meet demand 2022 Deficit of 316,000 tons(2) in their season Peak cherry imports take place before Chinese New Year in January and February when domestic supply is non-existent China imports represent +80% of
Chilean cherries production Prize is one of the largest Chilean exporters of cherries to China with 10 million kilos in S21-22 Existing businesses with Pagoda, Nowfrutti, Hema and more(3) China represents over +85% of total exports to
Asia Relevant surge in cherries consumption in China in the last decade has driven significant demand at attractive margins (1) iQonsulting, “Anuario 2022, Mercado Internacional de Cerezas” S17-28 / S21-22 CAGR: 18% (2) USDA “Stone Fruit
Annual, China” , July 2022 (https://apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Stone%20Fruit%20Annual_Beijing_China%20-%20People%27s%20Republic%20of_CH2022-0078.pdf) S17-28 / S21-22 CAGR: 18% (3) Considers in
some cases the service of third-party importers. (Alibaba Group)
Cherries: Diversifying Chilean Exports into the U.S. and Europe Underconsumption
of Cherries in the U.S. and Europe compared to other fruits Significant Underconsumption Compared to Strawberries Consumption / Yr (Kg / Per Capita) …Prize taking advantage of existing and potential partnerships Overall Underconsumption,
compared to other fruits Fruit Consumption / Yr (Kg / Per Capita) Over the last decade, cherry consumption in the U.S. and Europe has remained stable Health trends, diversified varieties and year-long availability are expected to lead to a
moderate increase in demand Prize has businesses with some of the most relevant retailers in the U.S. exporting 471 tons of cherries (158% YoY growth) in S21-22(6) Potential growth in Europe given the increasing demand of high-quality
products (1) USDA Fruits Supply & Utilization, Table G-36, as of 2020, latest available information (3) (4) (5) (3)
(https://www.prnewswire.com/nl/persberichten/winter-strawberries-the-healthy-trend-that-is-changing-the-habits-of-european-consumers-819455220.html) (4) Landsgeit (https://landgeist.com/2021/12/03/fruit-consumption-in-europe/) (5)
Consumption: Fresh Plaza (https://www.freshplaza.es/article/9435582/el-consumo-de-la-cereza-ya-esta-muy-extendido-en-practicamente-todos-los-paises-europeos/) / Population: FAOSTAT (2) FAOSTAT (2) (1) Growth
Opportunity (1) (5) (4) (3) (6) Considers in some cases the service of third-party importers.
Attractive Ag/Farmland Industry Dynamics Annualized cumulative returns by Index
(1993 – 3Q2020) Annualized Sector Volatility vs. S&P 500 Inflation Hedge Traditionally an inflation-protected industry due to correlation of fruit/vegetable prices and inflation indexes USD Revenues & Costs in Local
Currency Prize has 80% of its revenues in USD and majority of costs in local currency(1) Local currencies expected to continue devaluating Growing underweighted industry 30% of institutional investors planned to increase their natural
resource allocation in their portfolio (up from 24% in 2020) Only 4.1% of institutional investor’s portfolio is allocated to natural resources on average Food Basket of the Northern Hemisphere Latam and the Caribbean region is the largest
net exporter of food in the world Northern hemisphere represents 80% of the world’s population which requires food in counter seasons 10.24% Farmland 9.21% S&P500 8.74% Timberland 7.89% Commercial RE 5.33%
Gold ’92 ’96 ’00 ’04 ’08 ’12 ’16 ’20 ’92 ’96 ’00 ’04 ’08 ’12 ’16 ’20 (3) 2022 PREQIN Global Natural Resources Report (4) PREQIN Investor Outlook: Alternative Assets H2 2022 (1) Some costs also in USD such as packaging
materials. Also ~90% of credits are USD denominated (2) (5) (3) (4) Attractive Sector Long-Term Market Outperformance Historical Low Sector Volatility (2) Source: Bloomberg. As of September 27th, 2022 (5) Source: Bloomberg. As of
September 27th, 2022
Loyal base of third-party growers powered by a leading exporting
platform Investment Highlight II
Significant Growth Driven by Loyal Growers in Chile Kilos processed produced by
third party growers in Chile, In millions Third party growers have been the backbone of our operations and will keep playing an essential role in our strategy for future growth Our third-party grower base made up of long-term relationships
supports sustained cash flow generation into the future S11-12 / S20-21 CAGR: 25.6% ~80% of our processed kilos come from recurrent growers in last 6 years(1) In the last 6 years, recurrent growers have increased their number of kilos
processed by an average of 4.5x(2) We believe this segment represents a strong ‘floor’ for future cash flow generation % of Total Kilos Processed for Recurrent Growers(1)By season 6-Year Average: 77% Stable and Recurring Grower Base Track
Record of Cash Flow Generation (1) Recurrent is defined as growers that have worked with Prize for at least 4 out of the last 6 years AND at least once in the last 2 years. Analysis excludes Prize’s own farms, Alejandro Garcia Huidobro’s
personal farms, and Rodrigo Aspillaga’s personal farms. (2) Increase of kilos processed refers to the growth in kilos processed between the first year that the recurrent grower gave fruit to Prize in the last 6 years and the average fruit the
recurrent grower gave to Prize of the seasons S20-21 and S21-22 . Opportunity to Consolidate Superfruit market is currently fragmented by different players, however, many of them are facing financing challenges This represents an opportunity
for consolidation through strategic partnerships and inorganic growth We expect growers to establish partnerships with players with outstanding track record and who delivers better commercial results
Our Industry Leading Processing Plants in Chile Prize’s operations in Chile are
backed by top-notch facilities that allow the Company to have solid output rates # of Employees(1) Processing Capacity Capex Investment S21-22E Kg Processed Start Date Square Meters Prize Requinoa Prize Bio Bio +52,500
m2 ~2,500 700 Ton/Day ~$USD 74M 36.9M Kg November 2011 (1) Assumes number of contracted employees at peak season. +9,400 m2 ~550 $USD 12M 3.8M Kg December 2018 110 Tons / Day (2) Other round fruits include citrus/avocado, stone
fruit and pomaceous. Round Fruit(2) 440 Ton/Day 300 Ton/Day
Tech-Enabled, Semi-Automatic Processing Equipment End-to-end technology which
scans fruit quality & condition, performs multivariable sorting, packs, & seals final product Profitability (T21-22): Avg. Price per Kilo: $6.00 Avg. Cost per Kilo: $1.98 EBITDA per Kilo: $5.02 EBITDA Margin: 83.7% 41 photos per
cherry / +200 million photos per hour at full capacity (1) Internal and external scan per cherry with automatic sorting based on fruit size, weight, firmness, appearance, & overall quality 20x productivity increase of humans/kilo/hour vs
manual processing Automated process reduces loss due to fruit sensitivity in manual processing Largest cherry processing plant in Chile 32 photos per blueberry / +100 million photos per hour at full capacity (1) Internal and external scan
per blueberry with automatic sorting based on fruit size, weight, firmness, appearance, & overall quality 360 photos per fruit (2) (1) Source: UNITEC & company estimates based on current equipment (2) Source: Spectrim & company
estimated based on current equipment Maximum Cost Optimization & Quality Control
Our Year-Long Fruit Supply Dilutes Fixed Costs Unlike many competitors, we are
strategically diversified across a fruit/nut portfolio to generate revenue every month of the year (2) Includes plums and sugar
plums. Blueberries Cherries Plums Nectarines Grapes Apples Pears Walnuts Kiwis OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY. JUN. JUL. AUG. SEP. Months with production Projected growth opportunities Months without
production Lower fixed costs as a % of our processing revenue vs. single fruit competitors Diversified across +11 fruit / nut types and +200 external growers Top 5 external growers represent less than 25% of total kilos processed % of Kilos
Processed by Fruit Type(1) (4) % Kilos Processed by Largest Growers(1) S21-22 S21-22 Harvest / Processing Season by Fruit Type Processing Advantages and Breakdown Canadian Fruit Strategic Alliance (2) (3) (3) Includes walnuts and
dried walnuts. (4) Others are comprised of Pears, Kiwis, Peaches & Grapes (1) Only third-party analysis - excludes Prize’s own farms, Alejandro Garcia Huidobro’s personal farms, and Rodrigo Aspillaga’s personal farms.
Strategic and Propietary Solutions for our Growers We provide various
complementary services to our growers, supporting them throughout their production process, in order to develop long-term processing relationships Creation of ZUPRA, digital platform that tracks the grower’s fruit stock throughout the entire
value chain: Plantation equipment financing in order to improve fruit volume and quality throughout harvest period: Frost control towers Post-harvest humidifiers Financing of new varieties Fully dedicated technical team to supervise
growers throughout their plantation process, independently of the type of fruit Periodic site visits to each producer for technical assessments & actionable recommendations Assistance with obtaining required market certifications (e.g.
Global GAP) Various other logistics/technical assistance Real-Time Fruit Tracking for Enhanced Engagement Strategic Financing Options to Ensure Fruit Quality Additional Assistance Processing Segment Processing plant reception
times Fruit quality results % of fruit being exported Estimated time of export Commercial Segment Fruit market of destination % of fruit sold Fruit prices per batch End-of-season estimates Estimated profitability
Overview of Exporting Platform 32% CAGR export growth since S08-09 5th largest
exporter of cherries globally in S20-21 7th Largest Chilean exporter of blueberries in S20-21 Largest Chilean exporter of blueberries to China in S20-21 Commercial offices in Chile and China +16 million kg contemplated in cherries for
S22-23, +8 million kg in blueberries(1) (vs ~12M kg and ~3M kg respectively in 21-22E) Constant dynamism and change in export mix based on predictive demand and a consumer-focused strategy Our commercial platform and capabilities have allowed
Prize to export and distribute superfruits to the most demanding markets (1) Includes Chile and Peru. (3) Includes plums and sugar plums. (2) Considers total exports, including third party growers. Total FOB Revenues ($USD M; %)(2) $USD
92M $USD 92M (3) S21-22E Geographic and Product Mix Attractive Export Growth Exporting Business – Key Highlights Total FOB Revenues Evolution ($USD M) S08-09 / S21-22 CAGR: 32%
Key Marquee Clients & Stickiness Access to most relevant end market retailers
supported by our attractive commercial offer North America ~78% of our major clients are recurrent in the last 6 years(1) In the last 6 years, recurrent clients have increased their number of kilos processed with Prize by an average of 5.2x
(2) % of Total FOB Sales Contracted by Recurrent Clients(1)By season 6-Year Average: 78% Industry Leading Global Clients Attractive Client Recurrence Export Certifications Retailers We have a global reach to end consumers through our
partnerships with retailers and wholesale distributors Prize works directly with retailers but also through wholesale distributors Wholesale Europe Retailers Wholesale Emerging Market Retailers Wholesale (1) Recurrent is defined as
clients that have worked with Prize for at least 4 out of the last 6 years AND at least once in the last 2 years (2) Increase of FOB Sales refers to the growth in FOB Sales between the first year that the recurrent client purchased fruit from
Prize in the last 6 years and the average fruit purchased from Prize of the seasons S20-21 and S21-22 .
Vertically-integrated operations in Chile fuel short-term growth Investment
Highlight III
Cherries Nectarines Plums Total Own Lands Strategically Located Throughout
Chile Prize has 645 hectares planted across Chile to produce cherries, blueberries, nectarines and plums Arica y Parinacota Tarapacá Antofagasta Atacama Coquimbo Valparaíso Maule Libertador General Bernardo O’Higgins Región
Metropolitana de Santiago Ñuble Bió-Bió Araucanía Los Ríos Los Lagos Aisén del General Carlos Ibáñez del Campo Magallanes y Antártica Chilena Santiago O’Higgins Region Cherries Maule Region Cherries Blueberries Total Ñuble
Region Blueberries Los Rios Region 70 ha 43 ha 42 ha 155 ha 13 ha 73 ha 86 ha 93 ha 68 ha Cherries Blueberries Total Los Lagos Region 175 ha 70 ha 245 ha Plantations across Chile has allowed Prize to diversify climate
risk 645 hectares throughout Chile with 54% of them planted to produce cherries Given Chile’s geography, production across the country has allowed Prize to be diversified against changing climate conditions Aligned with the strategy of
participating in the whole supply chain Planted Land Breakdown by Type of Fruit Total Planted 645 ha Requinoa Processing Plant Bio Bio Processing Plant
Involvement Through the Whole Value Chain Production (Own Land and Third Party
Growers) Processing Exporting Due to participation in the whole value chain Higher EBITDA Margin To Existing Sourcing Geographies Complementary Growing Seasons Given full control over process Superior Fruit Product Supply Chain
Oversight Strong Customer Service Quality Control Focus on High Value Products Diversified Sourcing Commercial Mindset We believe our participation through the whole value chain provide us with long-term differentiated capabilities and
unique competitive advantages
Growing International Segment Investment Highlight IV
Blueberry Expansion in Peru(1) We plan to heavily invest in Peru to expand our
footprint in a region where we are already achieving attractive results Dedication: A Long-term Approach – $USD 14M invested so far with plans to invest an additional ~$USD 70M in the next 4 years Quality: Invest for the Best – Higher than
average Capex per Ha (~$120k) translating into higher EBITDA margins and IRR Efficiency: For our Company & the World – Pot-based method that decreases water/fertilizer usage & optimizes time to harvesting Processing Plant
(Paijan) 190 # of Employees ~USD$ 3M Capex Investment ~1M kg S21-22E Kg Processed April 2022 Start Date +2,500 Sq. Meters 35 – 55 Tons / Day Processing Capacity (2) (1) We control and consolidate our subsidiary in Peru where we
have a non-controlling interest of 25%. Hectares Planted (Ha) Revenues ($USD M) % of Total Revenues (%) Kgs Produced (million kgs) S21–22E S25–26E S21–22E S25–26E S21–22E S25–26E S21–22E S25–26E Key Operating and Financial
Highlights
Peru: The Ideal Conditions for Blueberry Cultivation Peru’s positioning between
the Andean Mountains and the Humboldt Current creates a greenhouse effect ideal for blueberries Peru has the Highest Average Kilos per Hectare of any Country in Blueberries… …with the Fastest Time from Initial Plantation to Harvest Ability
to produce 10 months of the year and adjust harvest periods based on demand / price peaks Avg. Blueberry Kg / Ha by Country, 2018(1) Avg. Years, Plantation to Harvest(2) Resulting in an Explosion of Demand from Major Countries Peruvian
Blueberry Imports by Country, 000’ Tons(3) China 4.6x EU 3.1x US 5.9x 5-Year Import Growth 40 183 (1) FAOSTAT, USDA & IBO (2) Prize ‘22 Estimates. report, South Africa Heritage (https://southafrica.co.za/blueberries.html)
& Almanac (https://www.almanac.com/plant/blueberries) (3) UN COMTRADE (2)
Exceptional Results in Peru: Our Launching Pad We believe the combination of
premiere varieties, ideal climate conditions, and tacit knowledge in our blueberry farming process will allow us to achieve attractive returns on new projects, which we plan to replicate around the globe Global Average Based on the average
blueberry diameter of the T21-22 harvest season of Prize in Peru as of September 10, 2022. Data obtained from a randomized sample per Ha. Based on the average blueberry weight of the T21-22 harvest season of Prize in Peru as of September 10,
2022. Data obtained from a randomized sample per Ha. Source: https://italianberry.it/en/2022/02/25/mirtillo-ci-vuole-piu-qualita-per-continuare-il-successo/ Source:
https://weighschool.com/blueberry-weights-with-conversion-charts/#:~:text=I%20did%20the%20research%20which,weighs%20around%202.5%2D3g%20each Based on the average exported FOB price per Kilo of the T21-22 harvest season of Prize in Peru as of
September 10, 2022. Based on Comtrade Information Based on estimates of Area Harvested, Yield and Production Tons for Peru, USA, Canada, Chile and South Africa. Using data from FAOSTAT, USDA, IBO Company estimates. Based on recent harvest
yields extrapolated for the rest of the season. Size: 16 – 24 mm(1) 5 – 16 mm(3) Weight: 3 – 5 grams(2) 2 – 3 grams(4) Firmness: Very firm Sometimes firm 12.9 avg. Brix sweetness value Price FOB per Kilo: ~$USD 5.5 – $USD 6.5 so far in
S21-22(5) vs $USD 4.0 – $USD 5.0 on average(6) Significantly lower harvesting costs per kilo vs competitors given fruit size and weight (largest cost in blueberry farming) Lower water usage given pot method Lower fertilizer costs and
dependency Kilos / Ha (Yield) +3.6x Cost per Kilo: Projected ~$USD 3.0 by S22–23E Peru Blueberry Product Favorable Cost Economics
Solid Tailwinds to Achieve S25-26E Projections We have carefully planned every
variable of the equation in order to successfully execute our business plan Favorable Climate Conditions In process of acquiring +450 hectares with ideal climate conditions and ready to be planted in S23-24E Land bank opportunity of ~2,000
nearby hectares available for sale with similar conditions Operational / Infrastructure Operating plant in Peru located in Paijan to process already producing hectares Current team and infrastructure in place to be expanded in order to
support the growth plan in Peru Access to Superior Varieties New genetics of blueberries allow to grow superior quality that will succeed while other Peruvian varieties might face obsolescence Given superior quality, we expect to have
+4,000,000 plants for S25-26E (capacity for 700 – 800 additional Ha’s) Market Environment Favorable job market conditions for hiring of harvesters Current political environment not detrimental toward the agricultural sector Trujillo,
Peru
Additional Global Expansion Opportunities We need to expand our operations in the
northern hemisphere and internationally in order to be closer to our end markets and achieve year-round supply. For this we have identified premier local candidates Close to year-round harvesting & supply to the U.S. market Lower logistic
risks due to geographic proximity with U.S. 343 planted hectares by S25-26E ~1M plants confirmed for 143 Hectares by 2023E Strategic positioning to supply to the European market 130 planted hectares by S25-26E 200k+ plants contemplated for
30 Hectares by S23-24E Strategic position to mainly supply the Asian market Currently in discussions of potential strategic partnerships to develop future
opportunities Chile Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Peru North America Asia Northern Africa Europe Year-Round Supply Our Goal: North America Northern Africa / Europe Asia Expansion opportunities and
geographic diversification in order to reach year-round supply Expansion Opportunities
95 new hectares, Plants and Additional Capex International Growth Powered by a
Defined Capex Plan The company has been carrying out an investment plan to expand its international segment and has a well-established path for future deployments S20-21 ~$USD 14M S21-22E S22-23E – S25-26E 788 new hectares, Plants and
Additional Capex 343 new hectares, Plants and Additional Capex 130 new hectares, Plants and Additional Capex Northern Africa / Europe International Future Growth Plan - $USD 140M(1) Total Capital Deployed - $USD 14M Total investment
of $USD 14M 95 new hectares acquired planted with blueberries Paijan facility to process blueberries Total investment in the international segment of ~$USD 140M 1,261 new hectares to be acquired that will be planted with blueberries North
America (1) Does not include Capex to be deployed in Chile of $USD 53M. ~$USD 70M ~$USD 18M ~$USD 52M
Founder-led, entrepreneurial team & market oriented team Investment Highlight
V
Camila HeviaChief Legal OfficerEx Alvin Saldaña y CompañiaOver 11 years of
experience as counselLawyer Matias ValenzuelaSub-Head of Industrial DivisionFormer chief of staff for Chile's agricultural minister5 years of experience in the agro-industrial segment with PrizeCivil Engineer Prize’s Experienced and
Cross-Functional Team Tomas EtcheverryDirector CEO of Ditec+17 years of operational experience leading high-quality companiesCommercial Engineer 100+ Years Combined Agricultural Expertise Alejandro García-HuidobroChairman, CEO &
FounderFounded Prize in 2006 and grew business at a 20%+ CAGR without equity funding Commercial Engineer Vicente AbogabirCFO12 years of experience in financial planning and 8 years in the agricultural sector Commercial Engineer Jordi
GajuDirectorFormer Grupo Falabella Executive20 years of experience in development and strategy rolesWharton MBA Recaredo OssaDirector Ex-David del Curto & Rosa-Sofruco+40 years of experience leading agricultural projects in top executive
positionsAgricultural Manager +55 Years Combined Commercial Expertise +50 Years Combined Financial Expertise Luis GuarnizCo-Head of Prize Ag. Peru14 years of experience leading superfood agricultural projects in PeruIndustrial
Engineer Antonio García-HuidobroCo-Head of Ag. Division Ex-Fundo Las Rosas19 years of experience managing agribusiness, 6 years with PrizeAgricultural Technician Vicente García-HuidobroHead of Industrial Division12 years of experience working
in the Agro-industrial industry, 9 years with Prize Mechanical Engineer Rodrigo AspillagaHead of Commercial Division32 years of experience sourcing global clients,16 for Prize Agricultural Technician Felipe ClaroHead of Commercial Development
Ex-David del Curto & Hortifruit22 years of experience expanding global presence Commercial Engineer Cristobal AlessandriniCo-Head of Ag. Division8 years of experience with Prize leading the agricultural superfruit
projectsAgronomist Francisco EnriquezCo-Head of Ag. Division17 years of experience with berries supervising and maximizing crop efficiencyAgronomist Juan PuntíHead of Growers Division16 years of experience assuring harvest quality, 11 years
with PrizeAgronomist Leadership & Supervision Agriculture Commercial Industrial Micaela CartwrightDirector & Partner +15 years of advisory experience with Prize as a shareholder and board memberJournalist Shawn LiuHead of Prize
ChinaEx-Alibaba & Zespri13 years of experience in the Chinese fruit industry Legal
Growth Through Development Growth Strategy Enhance products and
services Expand customer base Provide greater scale to accelerate innovation Grow revenues and earnings Increase stakeholder value 1 Goals 2 3 4 5 Strategy Seek complementary organizations & partners By teaming with new
commercial partners Expand footprint to drive access to global varieties Continue to develop a fundamentally sound enterprise for the benefit of all stakeholders Diversify geographies and products with intent Clear macroeconomic tailwind
for Prize’s continued growth Large opportunity in the growing sector with the end goal of feeding the world with delicious superfruits in a sustainable way Result Combined local expertise, ideal climatic conditions, and favorable varieties
to assemble a profitable operation in Peru Clear need for an off-season supply source to the Northern hemisphere given demand Expected production of ~2x the average yield per Ha and a superior product in every variable(1) On track to plant
883 Ha’s in Peru by S25-26E 5th largest cherry exporter globally in a high-margin industry 15M Kilos processed, 12M kilos exported S21-22 High-margin industry given demand during Chinese New Year Chile’s ideal conditions (climatic,
geographic, and logistic) to ship into Asia, with harvest fitting high-demand period Built Chile’s largest cherry processing facility, planted 350 Ha’s and sourced 100+ growers Opened commercial offices in China and developed commercial
relationships Zespri, the largest producer of kiwis globally, was looking to diversify their production into Latin America Incorporation of Prize as a result of the partnership with Zespri to supply them with Chilean kiwis Prize started as
an exporter only, with a market-oriented mindset (contrary competitors which start as producers) Opportunity Execution Result Peruvian Blueberries 2021 Chilean Cherries 2011 Kiwis 2006 We have a track record executing &
capitalizing on attractive superfruit opportunities with exceptional results (1) Based on an expected S21-22 kilos per hectare of 29,000 vs 15,772 average yield of Peru blueberries. Source: FAOSTAT.
ESG focus at our core Investment Highlight VI RH a seguir refinando
Our Family, Our People, Our Foundation We are dedicated to building an
international platform that serves the people who make this all possible Over 25 medical programs in last 5 years +10 different medical area checkups +850 people participated and benefited Over 7,000 hours of technical programs in
2022 2.8x hours per trainee growth from 2020 to 2021 Audit, Microsoft office, communication skills, leadership abilities, teamwork Food provisions for low-income families 2-month employee fitness preparation programs Sponsorship and fruit
supply for various sport events Police & firefighter support Drug prevention programs Kinesiology Ophthalmology Dermatology Dental Nutritional Covid & Influenza STD Prevention Program Areas RH a seguir refinando Medical
& Vaccination Programs Technical Training Programs Health, Wellness & Others
An Inherently Green Business Our plantations capture higher levels of carbon than
our emissions, making us one of the most environment-friendly publicly traded companies Net zero carbon strategy, capturing 2.3x more CO2 than our emissions (1) Net carbon difference equivalent to carbon capture of 395,591 mature trees in 1
year(2) Peruvian farming utilizes otherwise unproductive land to grow crops Analysis shows we recycled 82,000 kilos from April to August 2022 Goal of ‘Zero Waste’, 100% recycling by 2030 +2.3x Tons of CO2 Equivalent (1)2021 Bettering our
business means improving the environment, meaning that we do not have to choose between profitability and sustainability Kilos Recycled / Non-RecycledApril to August 2022, % Carbon Emissions Waste and Reuse (1) Excludes operations in Peru
and shipping/exporting carbon emissions (2) Source: Arbor Day Foundation. Assumes an average carbon absorption of 48 pounds per year for a mature tree (or 21.818 kilos per year)
Financials & KPIs IV.
S21 – 22E Key KPIs Today vs S25 – 26E Despite that third party services
represents Prize’s main business, due to planned international expansion and vertical integration in Chile, revenue mix is expected to be more balanced Kgs Commercialized (mm Kgs) S25 – 26E Revenues ($USD M) Gross Margin ($USD
M) Vertically Integrated Chile International Third Party Services S21–22E S25–26E S21–22E S25–26E S21–22E S25–26E
EBITDA Bridge: S20-21 / S21-22E Vertically Integrated Ramp-up of own lands,
increasing volumes of cherries, blueberries and stone fruits International Segment First harvest of the 72 Peruvian hectares planted in 2022 Third Party Services Decrease in margins in order to support third party growers given global
logistic crisis Decrease in volumes of cherries, blueberries, apples and walnuts to diminish risks of logistics problems EBITDA Walk A B A EBITDA Bridge: S21-22E / S22-23E 17 mm kg(1) of cherries to be commercialized in S22-23E are ~97%
committed(1) Out of the 6 mm kg(1) of blueberries expected to be commercialized in S222-23E, ~78%(1) are committed Regarding each segment: Vertically Integrated Higher volumes of cherries, blueberries and stone fruits as own lands are
still in ramp-up International Segment Ramp-up of the initial 72 ha and harvesting of the additional 23 ha planted in Peru Third Party Services Higher volumes of cherries (+26% YoY) due to higher volumes in the local market backed by an
increase in processing capacities (+40% YoY) Higher volumes of blueberries (+50%) given better commercial results perceived by third party growers B 1.7x EBITDA S20-21 Vertically Integrated Int. Segment Third Party Services EBITDA
S21-22E Vertically Integrated Int. Segment Third Party Services EBITDA S22-23E Due to our concrete growth plan for the next years, we identify clear drivers to reach the target EBITDA which is backed by investments made during the last
years EBITDA Bridge from S20-21 to S22-23E ($USD MM Clear Drivers to Reach Target EBITDA (1) Includes own and third party growers fruit. (2) Committed through contracts and verbal commitment. ($USD M)
Vertically-integrated Chile Growth due to the ramp-up of existing hectares
increasing production in 163% between S21-22 and S25-26, mainly from blueberries or cherries Acquisition of a total of 429 ha to develop blueberries Capex considers the investment in machinery for Chile’s processing plants, the acquisition of
land for the expansion in international markets and blueberry varieties to produce in Peru and internationally 1 2 3 Projections Overview $USD M S20-21 S21-22 S22-23 S23-24 S24-25 S25-26 Vertically-integrated
Chile 12 18 27 35 39 51 Third Party Services 107 88 122 137 152 160 International - 6 13 31 79 133 Total Revenues 120 112 163 203 270 344 growth -7% 46% 25% 33% 28% Vertically-integrated
Chile (9) (13) (15) (18) (23) (28) Third Party Services (77) (65) (87) (98) (109) (115) International - (3) (6) (22) (49) (76) Total Costs (86) (81) (108) (138) (182) (219) Gross
Margin 34 31 55 64 88 125 Gross margin 28% 28% 34% 32% 33% 36% SG&A (10) (12) (13) (15) (17) (19) EBITDA 24 20 42 49 71 107 EBITDA
margin 20% 18% 26% 24% 26% 31% Capex 5 22 30 56 60 47 Commentary 1 2 3 S21-22 S22-23 S23-24 S24-25 S25-26 30 ha 120 ha 179 ha 50 ha 50 ha Third party services Increase in processing volumes (14.5%
CAGR from S21-22 to S25-26) mainly driven by industry dynamics, which are supported by Prize’s processing capacities International segment Growth driven by the expansion to new markets and acquisition of new hectares in Peru Acquisition of
788 hectares in Peru between S22-23 and S25-26 Expansion to North America with the acquisition of 343 hectares and 130 hectares in Northern Africa / Western Europe between S23-24 and S25-26 Third party services Average cost per
commercialized kilo of $USD 2.0 during the projection period (1.7% CAGR from S21-22 to S25-26)(2) Average cost per processed kilo of $USD 0.3 during the projection period (6% CAGR from S21-22 to S25-26)(3) Vertically-integrated Chile Average
direct cost per hectare of $USD 7,162 and variable cost per kg of $USD 1.6 during the projection period(1) International Average direct cost per hectare of $USD 16,071 and variable cost per kg of $USD 2.0 during the projection period(4) (1)
Weighted average between blueberries, cherries and nectarines (2) Includes the processing cost of the kilos processed and commercialized by Prize (3) Cost of the kilos processed by Prize and commercialized by third parties (4) Includes Peru,
North America and Northern Africa/Europe
Transaction Overview V.
Overview of Rose Hill – A Unique Latam Sponsor Felipe Canales Co-CEO Marco
Simental Co-CEO José Mujica CSO Al Hill Co-CFO Juan Jose Rosas Co-CFO $2.8B asset manager with extensive U.S. capital markets expertise and experienced sponsor Mario Fleck Juan Manuel Fernandez Cristian Moreno Pedro Molina Katia
Bouazza Felipe Morris Fully dedicated management team with 80+ years of combined experience investing, operating, & advising in Latam and $134 billion in M&A volume in the region Board of directors strategically located across Latam
with extensive know-how in each country and exposure to 6 public board seats Team composed of former country CEOs, partners at leading private equity firms, operators of major conglomerates, heads of Latin American research departments, and a
top 25 world’s most powerful woman in finance. All in Latam Strategic partners in publicly traded boards of agriculture companies in Chile and in the food/protein industry in the region Full-Time Management Team Board of Directors Strategic
Partners (1) (1) Jose Mujica from Ameris Capital is the only team member who is not full-time Leading Andean region alternative asset manager with $1.5B in AUM and 50+ funds across the region
Profitability: Profitable, strong cash flowing & stable company in Latin
America Growth: Double-digit YoY historical revenue & EBITDA growth with attractive future growth High-Quality Team: Founder-led, proven entrepreneurial & experienced team Attractive Industry: Inflation hedge, USD denominated
investment opportunity ESG: Committed to ESG principles and positively impacting society Size: 400M+ enterprise value, in line with expected investment size Leverage Latam & U.S. network for organic & inorganic growth
opportunities Leverage U.S. & European networks for new potential distributors Leverage investor relations expertise & public company know-how Long-term participation of Rose Hill’s management team & board in the combined entity
post-closing Prize is the ideal partner for Rose Hill Prize fits perfectly with the investment criteria provided in our prospectus: Rose Hill’s Value Add & Long-term Commitment
Transaction Overview (50% Redemptions) Total Uses $392.7M Total Sources
$392.7M Sources Uses Cash in Trust $73.3M Sellers’ Rollover Equity $319.4M Cash to Balance Sheet $63.3M Seller’s Rollover Equity $319.4M Transaction Expenses $10.0M Secondary Sale $0 Prize will merge with Rose Hill Acquisition
Corporation (ROSE) at a pro-forma enterprise value of $USD 425M Represents attractive valuation of 10.1x 2023E EBITDA Prize shareholders will maintain 80.2% ownership – no secondary selling Use of proceeds will go towards international
expansion of farming segment, processing segment maintenance, and possible acquisition of existing superfruit orchards in the Andean region Up to $USD 65M of proceeds in the form of PIPE, non-redemption agreements or equity-linked securities
to be raised post-announcement Price per Share (x) Pro Forma Shares Outstanding $10.00 39.8 Post-Money Equity Value $398.3 (+) Net Debt before Close 90.0 (-) Cash (63.3) Post-Money TEV $425.0 Total Shares
39.8 Shares Company 31.9 Public Shares 7.2 Founder Shares 0.7 74.3% (1) Assumes 50% redemptions (3) Does not include earn-out shares given to existing company shareholders: 2,948,800 shares at $18.0 per share, 2,948,800 shares at
$22.0 per share, 2,948,800 shares at $26.0 per share, and 2,948,800 shares at $30.0 per share 80.2% 18.0% 1.8% (4) Does not include earn-out shares given to Sponsor: 400,000 shares at $15.0 per share and 300,000 shares at $20.0 per
share (3) (4) (in millions) EBITDA 2023E $42.2M Post-Money TEV / 2023 EBITDA 10.1x Structure Sources and Uses ($USD M) (1)(2) Pro-Forma Valuation (1) Pro-Forma Ownership at $10.0 / share (1) (2) The Company has a committed Stand By
Equity Agreement (SEPA) from Yorkville Advisors for up to $USD 150,000,000 in the next 3 years after the closing of the transaction
Transaction Overview (60% Redemptions) Total Uses $377.8M Sources Uses Cash in
Trust $58.7M Sellers’ Rollover Equity $319.1M Cash to Balance Sheet $48.7M Seller’s Rollover Equity $319.1M Transaction Expenses $10.0M Secondary Sale $0 Prize will merge with Rose Hill Acquisition Corporation (ROSE) at a pro-forma
enterprise value of $USD 425M Represents attractive valuation of 10.1x 2023E EBITDA Prize shareholders will maintain 83.2% ownership – no secondary selling Use of proceeds will go towards international expansion of farming segment,
processing segment maintenance, and possible acquisition of existing superfruit orchards in the Andean region Up to $USD 65M of proceeds in the form of PIPE, non-redemption agreements or equity-linked securities to be raised
post-announcement Price per Share (x) Pro Forma Shares Outstanding $10.00 38.4 Post-Money Equity Value $383.7 (+) Net Debt before Close 90.0 (-) Cash (48.7) Post-Money TEV $425.0 Total Shares 38.4 Shares (in
millions) Company 31.9 Public Shares 5.8 Founder Shares 0.7 74.3% (3) Does not include earn-out shares given to existing company shareholders: 2,948,800 shares at $18.0 per share, 2,948,800 shares at $22.0 per share, 2,948,800 shares at
$26.0 per share, and 2,948,800 shares at $30.0 per share 83.2% 15.0% 1.8% (4) Does not include earn-out shares given to Sponsor: 400,000 shares at $15.0 per share and 300,000 shares at $20.0 per share Total Sources
$377.8M (3) (4) EBITDA 2023E $42.2M Post-Money TEV / 2023 EBITDA 10.1x Structure Sources and Uses ($USD M) (1)(2) Pro-Forma Valuation (1) Pro-Forma Ownership at $10.0 / share (1) (1) Assumes 60% redemptions (2) The Company has a
committed Stand By Equity Agreement (SEPA) from Yorkville Advisors for up to $USD 150,000,000 in the next 3 years after the closing of the transaction
Key Public Market Changes in Connection with Transaction Albert
Hill Director Jordi Gaju Independent Director Recaredo Ossa Independent Director Alejandro Garcia-Huidobro Chairman, CEO & Founder Pablo Armas Independent Director Micaela Cartwright Director & Partner Tomas
Etcheverry Director Felipe Canales Independent Director Juan Jose Rosas Chief Strategy Officer 50% board independence with female representation Attractive stock option plans for management team to align incentives Rose Hill &
affiliates bring 4 members into the combined entity Proposed Board of Directors of Combined Entity Public Market Governance & Incentives New Addition New Addition New Addition New Addition (1)
Prize Valuation – Trading Comps Vis-a-Vis Source: Bloomberg and Capital IQ as of
October 7th, 2022 Average 13.1x Average 10.3x EV/2023E EBITDA 5-Yr Average Forward 1-Year EV/EBITDA (1) Based on current trading as of October 7th, 2022 and EBITDA as of 2Q2022 LTM
Prize Valuation – Trading Comps Vis-a-Vis (Continued) Average 9.8% LTM EBITDA
Margin 2022 - 2024 EBITDA CAGR Average: 27.8% Source: Bloomberg as of October 7th, 2022 (1) 2022 – 2023 growth as estimates of EBITDA 2024 not available
Valuation (Comparables) Sources, processes and distributes superfruit Haas
avocados & avocado-related products for sale in the U.S., with their main sourcing markets being Peru, Colombia, California, & Mexico. The company also distributes tomatoes, papayas & fresh-cut fruits & vegetables. Grows,
sources, processes and distributes superfruit Haas avocado & avocado-related products. The company owns 12,000 acres of land in Peru & Guatemala, & sources its product primarily from Peru, Chile, Colombia, Mexico, Guatemala,
California & South Africa. The company also owns processing facilities in Mexico, Peru & California Grows, sources, processes, and distributes a wide variety of fruit types & fruit-related products in the U.S. and Latin America.
Out of 98,586 acres owned & leased, 74,416 are based in Latin America, with only 550 in the U.S. and the rest in the Philippines & Kenya. The company also owns a processing facility in Costa Rica Largest fresh produce company in
Australia, supplying fresh fruit and vegetables to major Australian supermarkets. The company sources their produce from 5,000 planted hectares of farmland, 30 hectares of tomato glasshouse facilities, and mushroom-growing facilities across
Australia. The company also operates berry farms in Morocco and China. Grows, processes, and distributes berries for sale worldwide. The company owns primarily acres in Latin America, Europe, North America and Asia, offering blueberries,
raspberries, blackberries, strawberries, redcurrants and cherries. Description & Rationale Source: Individual company 10-Ks
Conclusion VI.
Prize is uniquely positioned to capture the disruptive superfruit market
opportunity Why Prize will Succeed Stable and high-margin cash flow generation third-party segment to fund growth plans and provide a minimum floor Recent investments in vertical Chile integration, processing capacity expansion and initial
international segment fuel attractive short-term growth Clearly executable international growth plan fuels long-term growth & expansion Dynamic, experienced, and market-oriented team led by a founder with a long-term vision
Environment-friendly company focused on positively impacting all stakeholders + Additional upsides to come
Appendix VII.
Today’s Presenters Investment Banker Albert Hill Co-Founder &
Co-CFO Investment Banker Co-Founder / Co-CFO Alejandro Garcia-Huidobro Chairman, CEO & Founder CEO / Founder Founded Prize at 26-years-old & grew the business organically without any equity funding Hands-on entrepreneur with a
long-term vision and fully dedicated in the company Co-founded Rose Hill, U.S. based sponsor partnering with profitable Latin American companies Over $7.6 billion of M&A transaction experience Advisor to sponsors and multinational
corporations Vicente Abogabir CFO Associate Partner / CEO Managing Partner 12+ years of experience in corporate finance & development and 7 years in the Ag sector Participated in the IPO of Chilean Ag company Co-founder and partner
of 2 successful local ventures Jordi Gaju Board Member V.P. of Strategy CSO / Advisor MBA 20+ years of experience leading corporate development and investments for Andean region companies Former Chief Development and Strategy Officer of
Grupo Falabella, one of the largest publicly traded Chilean companies MBA Graduate - Wharton Juan Jose Rosas Co-Founder & Co-CFO Co-Founder / Co-CFO Co-founded Rose Hill, U.S. based sponsor partnering with profitable Latin American
companies Helped raise $1 billion+ capital for U.S. listed sponsors Advisor to multiple sponsors & Latin American companies Investment Banker Recaredo Ossa Board Member Founding Partner Vice President CEO 40+ years of experience in
the Ag sector in the Andean Region Former CEO & board member of various publicly traded Ag companies in Chile Vice-President of the National Agricultural Society of Chile BoardMember Investment Banker
Prize’s Transaction Process Pre-Transaction Shareholder Structure Alejandro
Garcia-Huidobro & Micaela Cartwright 100% Post-Transaction Alejandro Garcia-Huidobro & Micaela Cartwright ~80% Sponsor ~2% Public Shares PIPE ~18% (1) (1) Both shareholders are spouses Free Float (2) (2) Assumes ~$70M of
committed equity coming into the company in the form of either PIPE or SPAC cash in trust (1)
Debt Structure – Estimated as of October 31st 2022 (S21-22E) Given stable cash
flows, Prize has access to attractive financing conditions, being most of them in USD due to the nature of its operations Financial Debt by Type Amortization Schedule ($USD M) $USD 95M Financial Debt by Currency $USD 95M
Risk Factors Related to the SPAC and Business Combination Each of Rose Hill and
Prize will incur significant transaction costs in connection with the proposed business combination. The proposed business combination may not be completed in a timely manner, or at all, which may adversely affect the price of Rose Hill’s
securities. The proposed business combination may not be completed by Rose Hill’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Rose Hill. If the proposed
business combination is not completed by Rose Hill’s business combination deadline, as such date may be further extended, Rose Hill would cease all operations except for the purpose of winding up and would redeem its ordinary shares and
liquidate the trust account, in which case its public shareholders may only receive approximately $10.20 per share, and its warrants will expire worthless. The failure to satisfy the conditions to the consummation of the proposed business
combination, including the adoption of the business combination agreement by the respective shareholders of Rose Hill and Prize, the satisfaction of the minimum cash amount following redemptions by Rose Hill’s public shareholders and the
receipt of certain governmental and regulatory approvals. The lack of a third-party valuation in determining whether or not to pursue the proposed business combination. The occurrence of any event, change or other circumstance that could give
rise to the termination of the business combination agreement. The inability to complete a PIPE offering. The effect of the announcement or pendency of the proposed business combination on Prize’s business relationships, performance, and
business generally. The risk that the proposed business combination disrupts current plans and operations of Prize as a result. The outcome of any legal proceedings that may be instituted against Prize, Rose Hill or others related to the
business combination agreement or the proposed business combination. Failure to realize the anticipated benefits of the proposed business combination. There can be no assurance that the post-combination company’s securities will be approved
for listing on the Nasdaq Stock Market LLC (“Nasdaq”) or that the post-combination company will be able to comply with the continued listing standards of Nasdaq. The risk that the price of Rose Hill’s securities may be volatile due to a
variety of factors, including changes in the competitive and highly regulated industries in which Prize operates, variations in performance across competitors, changes in laws and regulations affecting Prize’s business and the ability of Prize
and the post-combination company to retain its management and key employees. The inability to implement business plans, forecasts, and other expectations after the completion of the proposed business combination, gauge and adapt to industry or
market trends and changing consumer preferences, and identify and realize additional opportunities. The risk of adverse or changing economic conditions, including the impact of pricing and other actions by Prize’s competitors. The impact of
governmental trade restrictions, including adverse governmental regulation that may impact Prize’s ability to access certain markets or continue to operate in certain markets. The risk that Prize and its current and future growers and
retailers have access to sufficient liquidity to fund their operations. The risk that Prize will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all. The risk that the
post-combination company experiences difficulties in managing its growth and expanding operations. There is no assurance that a shareholder’s decision whether to redeem its share for a pro rata portion of Rose Hill’s trust account will put the
shareholder in a better future economic position. Directors of Rose Hill have potential conflicts of interest in recommending that Rose Hill’s shareholders vote in favor of the adoption of the proposed business combination. Even if the
proposed business combination is completed, there can be no assurance that Rose Hill’s warrants will be in the money during the exercise period, and they may expire worthless. The ability of Rose Hill’s public shareholders to exercise
redemption rights with respect to a large number of its shares could increase the probability that the proposed business combination would be unsuccessful. Future sales of ordinary shares after the consummation of the proposed business
combination may cause the market for the post-combination company’s securities to drop significantly, even if its business is doing well. The public shareholders of Rose Hill will experience immediate dilution as a consequence of the issuance
of ordinary shares as consideration in the proposed business combination and due to future issuances pursuant to the post-combination company’s equity plan(s).
Risk Factors Related to Prize We may be adversely affected by global market and economic conditions. Geopolitical and other challenges and
uncertainties globally could have a material adverse effect on the global economy and our business. Our operating results are highly dependent upon and fluctuate based upon business and economic conditions and governmental policies
affecting the agricultural industry in which we operate. These factors are outside of our control and may significantly affect our profitability. Water scarcity, poor water quality and energy shortages could adversely impact our production
costs and capacity. Climate change and legal or regulatory responses thereto may have an adverse impact on our business. Weather conditions or natural disasters may adversely affect our business. Unpredictable weather conditions, pest
infestations and diseases may have an adverse impact on our crop yields. Our business is seasonal, and our revenues may fluctuate significantly depending on the growing cycle and harvest season. Fluctuation in market prices for our
agriculture products could adversely affect our financial condition and results of operations. We may be exposed to material losses due to volatile crop prices since a significant portion of our production is not hedged, and exposed to
crop price risk. The overall agricultural industry is susceptible to commodity price changes and we are exposed to market risks from changes in commodity prices. We operate in a competitive market. If we are unable to compete effectively,
our financial results will suffer. If we are unable to retain our existing customers or attract new customers, including through opening new stores and geographic expansion, our business, financial condition and results of operations will
be adversely affected. Our business depends on a well-regarded and widely known brand, and any failure to maintain, protect and enhance our brand would harm our business, financial condition and results of operations. If we fail to manage
our growth effectively, our business could be harmed. Our continued international expansion efforts may not be successful, or may subject our business to increased risks. Our results of operations and operating metrics may fluctuate and
we may generate losses in the future, which may cause the market price of New PubCo Ordinary Shares to decline. Our results of operations may be adversely affected if our customers are unable to repay trade receivables from us. If we fail
to identify, develop and maintain relationships with a sufficient number of qualified suppliers, our ability to timely and efficiently access products that meet our standards for quality could be adversely affected, or we may experience an
increase in the costs of our products that could reduce our overall profitability. We may be adversely affected by the ongoing armed conflict between Russia and Ukraine. Disruptions of the supply or reliability of transportation services
and/or changes in transportation service costs can affect our sales volumes and selling prices. Our failure to accurately forecast and manage inventory could result in an unexpected shortfall or surplus of products which could harm our
business. We cannot guarantee that our suppliers will not engage in improper practices, including inappropriate labor or manufacturing practices. We may require additional capital in the future, which may not be available on acceptable
terms or at all. The COVID-19 pandemic could impact our business, financial condition and results of operations. Consumer and government resistance to genetically modified crops may negatively affect our public image and reduce sales of
the genetically modified products that we commercialize. A recall of our products could have a material adverse effect on our business. In Addition, we may be subject to significant product liability claims should the consumption of any of
our products cause injury, illness or death. Our insurance policies may not be sufficient to cover all claims. We depend on key management, as well as our experienced and capable employees, and any failure to attract, motivate and retain
our employees could harm our ability to maintain and grow our business. Disclosure controls and procedures over financial reporting may not prevent or detect all errors or acts of fraud. A substantial portion of our assets is farmland
that is illiquid.
Risks Relating to Latin America We are subject to risks relating to our
significant presence in Latin American countries. Perception of risk in emerging economies may impede our access to international capital markets, hinder our ability to finance our operations and adversely affect our financial
performance. Latin America has experienced, and may continue to experience, adverse economic or political conditions that may impact our business, financial condition and results of operations. Exchange rate instability may impact our
ability to hedge exchange rate risk, which may lead to interest rate volatility and have a material adverse effect on the price of New PubCo Ordinary Shares. Disruption or volatility in global financial and credit markets could have a
material adverse effect on us. Our growth and profitability depend significantly on economic conditions in the countries in which we conduct our business. Civil unrest in Chile, the approval by the general public to draft a new
Constitution and the health conditions resulting from COVID-19 have had and could have in the future a significant adverse effect on the general economic conditions in Chile and our business, results of operations and financial
condition. Changes to the Chilean constitution could impact a wide range of rights, including water rights and property rights generally, and could affect our business, results of operations, and financial condition. Political
developments in Chile could result in instability. Inflation in Chile and government measures to curb inflation may disrupt our business and have an adverse effect on our financial condition and results of operations. A severe
earthquake or tsunami in Chile could adversely affect the Chilean economy and our network infrastructure. Lawsuits against us brought outside of Chile or complaints against us based on foreign legal concepts may be unsuccessful.
