Corporate Information We were originally incorporated in the State of Delaware on October 8, 2020 as a special purpose acquisition company, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. In connection with the consummation of the Merger, we changed our name to Benson Hill, Inc. Benson Hill is a registered trademark of Benson Hill, Inc. Other trademarks, logos, and slogans reg ...

Benson Hill Inc. (NYSE:BHIL) Q4 2022 Earnings Conference Call March 13, 2023 8:30 AM ET Company Participants Matt Crisp - CEO Dean Freeman - CFO Ruben Mella - IR Conference Call Participants Ben Theurer - Barclays Kristen Owen - Oppenheimer Cody Ross - UBS Adam Samuelson - Goldman Sachs Ben Klieve - Lake Street Capital Markets Operator Good morning. Thank you for attending Benson Hill’s Fourth Quarter and Full-Year 2022 Earnings Call. My name is Harry, and I'll be your moderator. All lines are on mute for t ...

2022 EARNINGS PRESENTATION MARCH 13, 2023 Disclaimers Cautionary Note Regarding Forward-Looking Statements Certain statements in this presentation may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company's future financial or operating performance and may be identified by words such as "may," "should ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission file number 001-39835 Benson Hill, Inc. (Exact name of registrant as specified in its charter) Delaware 85-33 ...

Benson Hill Inc. (NYSE:BHIL) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET Company Participants Ruben Mella – Senior Director-Investor Relations Matt Crisp – Chief Executive Officer Dean Freeman – Chief Financial Officer Conference Call Participants Cody Ross – UBS Adam Samuelson – Goldman Sachs Kristen Owen – Oppenheimer Ben Theurer – Barclays Ben Klieve – Lake Street Capital Markets Operator Good morning. Thank you for attending the Benson Hill’s Third Quarter 2022 Earnings Call. My name i ...

| --- | --- | --- | |-------------------------------------------------------------|-------|-------| | | | | | THIRD QUARTER 2022 EARNINGS PRESENTATION NOVEMBER 10, 2022 | | | Disclaimers Cautionary Note Regarding Forward-Looking Statements Certain statements in this presentation may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the Compa ...

Financial Performance - Revenues for the three months ended June 30, 2022 were $110.7 million, an increase of $71.1 million or 179% compared to the same period in 2021 [202]. - For the six months ended June 30, 2022, revenues were $203.2 million, an increase of $131.7 million or 184% compared to the same period in 2021 [213]. - Ingredients revenues for the three and six months ended June 30, 2022 were $93.5 million and $159.6 million, representing increases of $70.8 million and $122.7 million compared to the same periods in 2021 [224]. - Fresh revenues for the three and six months ended June 30, 2022 were $17.1 million and $43.4 million, reflecting increases of $0.2 million and $9.0 million compared to the same periods in 2021 [225]. - Gross profit for the three months ended June 30, 2022 was $5.6 million, compared to a gross loss of $0.0 million for the same period in 2021 [204]. - The company incurred a net loss of $44.1 million for the six months ended June 30, 2022, with negative cash flows from operating activities of $58.7 million [236]. Expenses - Cost of sales for the same period was $105.2 million, representing an increase of $65.4 million compared to the prior year [203]. - Research and development expenses increased to $12.0 million, up $3.2 million from the same period in 2021, primarily due to higher payroll and technology costs [207]. - Selling, general and administrative expenses rose to $22.5 million, an increase of $6.7 million compared to the same period in 2021, driven by increased staffing and insurance costs [208]. - Research and development expenses for the six months ended June 30, 2022 were $24.3 million, an increase of $8.4 million compared to the same period in 2021 [219]. - Selling, general and administrative expenses for the six months ended June 30, 2022 were $45.6 million, an increase of $16.1 million compared to the same period in 2021 [220]. Liquidity and Financing - The company generated approximately $85.0 million from a private placement of 26,150 units at a price of $3.25 per unit, providing additional liquidity to fund operations [185]. - The company has borrowed an aggregate principal sum of $100.0 million under a Convertible Loan and Security Agreement to enhance liquidity [186]. - As of June 30, 2022, the company had liquidity of $209.9 million in cash and marketable securities, along with access to a revolving credit facility of up to $6.0 million [236]. - The company expects to require additional financing to support growth, capital expenditures, acquisitions, or other investments [240]. - Principal payments on debt total $126.9 million, with $26.5 million due within one year [246]. - Interest payments on debt total $17.6 million, with $10.7 million due within one year [246]. Operational Highlights - The company operates two reportable segments: Ingredients and Fresh, focusing on proprietary soy-based ingredients and fresh produce, respectively [183]. - The company utilizes its CropOS® technology platform to leverage genetic diversity for developing innovative food products [182]. - The company has not experienced a material impact on operations due to COVID-19, although it has implemented safety measures [184]. - The merger with Star Peak Corp II was completed on September 29, 2021, resulting in the company being listed on the NYSE [188]. - The company plans to complete capital expenditures associated with the expansion of farming operations in the third quarter of 2022 [236]. Adjusted EBITDA - Total Adjusted EBITDA for the three and six months ended June 30, 2022 was a loss of $15.7 million and $43.2 million, respectively, compared to losses of $15.8 million and $30.6 million in the same periods in 2021 [231]. - Adjusted EBITDA for the Ingredients segment was a loss of $1.1 million for the three months ended June 30, 2022, an improvement of $5.3 million compared to the same period in 2021 [231]. - Fresh Adjusted EBITDA was a loss of $0.3 million for the three months ended June 30, 2022, a decrease of $0.5 million compared to the same period in 2021 [232]. - Unallocated and other Adjusted EBITDA was a loss of $14.2 million for the three months ended June 30, 2022, a decrease of $4.7 million compared to the same period in 2021 [233]. Risk Management - The company has foreign currency risks related to operating expenses denominated in Canadian dollars and Brazilian reals [261]. - The company has engaged in hedging transactions to manage risks associated with fluctuations in agricultural commodity prices [258]. - The company has not entered into off-balance sheet arrangements as defined by SEC regulations [247]. - The company is classified as an "emerging growth company" and intends to take advantage of the extended transition period for new accounting standards [251]. Other Income - Total other income, net for the three months ended June 30, 2022 was $(1.4) million, an increase of $4.2 million compared to the same period in 2021 [209].

Benson Hill, Inc. (NYSE:BHIL) Q2 2022 Earnings Conference Call August 8, 2022 8:00 AM ET Company Participants Ruben Mella - Senior Director, IR Matt Crisp - CEO Dean Freeman - CFO Conference Call Participants Benjamin Theurer - Barclays Adam Samuelson - Goldman Sachs Kristen Owen - Oppenheimer Operator Good morning. Thank you for attending the Benson Hill Second Quarter 2022 Earnings Call. My name is Jordan and I'll be your moderator. All lines are on mute during the presentation portion of the call, with a ...

| --- | --- | --- | |-----------------------------------------------------------|-------|-------| | | | | | | | | | SECOND QUARTER 2022 EARNINGS PRESENTATION AUGUST 8, 2022 | | | Disclaimers Cautionary Note Regarding Forward-Looking Statements Certain statements in this presentation may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or the C ...

Start Time: 08:30 January 1, 0000 9:00 AM ET Benson Hill, Inc. (NYSE:BHIL) Q1 2022 Earnings Conference Call May 16, 2022, 08:30 AM ET Company Participants Matt Crisp - CEO Dean Freeman - CFO Ruben Mella - Senior Director, IR Conference Call Participants Adam Samuelson - Goldman Sachs Benjamin Theurer - Barclays Kristen Owen - Oppenheimer Brian Wright - ROTH Capital Partners Operator Good morning. Thank you for attending Benson Hill's First Quarter 2022 Earnings Call. My name is Harry, and I will be your ope ...