Benson Hill Investor Presentation Deck
Enhancing capital structure to
provide liquidity needed to
achieve target for positive
Adjusted EBITDA and positive
free cash flow in 2025
Liquidity needed to
achieve 2025 financial
targets depends on
planned revenue growth,
margin expansion, and
cash management
discipline
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12/31/2022: Cash, restricted cash and marketable securities of
$175 million
Divesting the Fresh business in a two-part transaction announced
on January 3, 2023:
o 4Q'22: Realized ~$18 million for sale of assets
o 20'23: Expect $3 million for the sale of equity
In the final stages of creating a plan intended to lower the cost of
capital, increase return on capital, and reduce costs:
o Refinance and reduce current $100 million debt as early as
3Q'23 with an expected approximate 40% decline in interest
expense
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Negotiating an agreement to enter into a conventional
lending facility for up to $100 million consisting of a
line of credit, equipment loan, and term loan
Utilize current shelf registration statement, including
ATM facility, or alternative equity financing, for up to
$100 million
Retire existing lending facility two years early (will incur
pre-payment penalties and other costs)
o Explore strategic options for the Seymour, Indiana, facility to
optimize capital deployment and increase return on capital
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