Benson Hill SPAC Presentation Deck slide image

Benson Hill SPAC Presentation Deck

BENSON HILL A Food Technology Leader Supplying the 'Picks and Shovels' of the Plant-Based Revolution Significant and Growing Addressable Market ● $140bn near-term TAM opportunity in plant-based meat segment(1) ~70% increase in global demand for food expected by 2050(²) $5tn opportunity(3) across the full AgriFood industry via CropOS® platform Benson Hill is a pure play ESG investment opportunity 13 Unique and Proprietary Innovation Engine: CropOSⓇ ● ● ● CLIMATE ACTION Unmatched data library Predictive design capabilities Increases speed to market Ability to reduce initial development costs by up to 90% GOOD HEALTH AND WELL-BEING Wo 3 2 ZERO HUNGER SSS 6 Capitalized for Growth ● ~$650mm net cash balance ready to deploy to capitalize on market opportunity(4) Transaction fully finances forecasted growth plan CLEAN WATER AND SANITATION 14 LIFE BELOW WATER 15 LIFE ON LAND 12 Rapidly Growing Revenue at Commercial Inflection ● $102mm of revenue in 2020(5) ~46% projected revenue CAGR from 2020 to 2027, driven primarily by growth in existing products (5) ~48% anticipated gross margin by 2027 RESPONSIBLE CONSUMPTION AND PRODUCTION со 8 11 DECENT WORK AND ECONOMIC GROWTH SUSTAINABLE DEVELOPMENT GOALS Source: Benson Hill. Note: Benson Hill figures as of 12/31/2020. (1) Market calculation through 2029, Barclay's Global Food Report, 'I Can't Believe It's Not Meat' (2019). (2) FAO. (3) McKinsey. (4) Pro forma for transaction. (5) Excludes revenue from a business divested in 2020.
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