Benson Hill Investor Day Presentation Deck

Benson Hill Ingredients - Revenue Evolution CONTRIBUTION MARGIN* % | 2022 GUIDANCE 10% -12% 1% -3% -70% ~30% Non-Proprietary FINANCIAL DISCUSSION Proprietary Closed-Loop Licensing Partnerships EXPECTED 2025 2027 | CONTRIBUTION MARGIN*% ~80% ~20% 25% - 35% 60% - 90% The Proprietary and Non-Proprietary revenue mix shift is anticipated to drive margin expansion. * Defined as revenue less direct product costs (determined on a non-GAAP basis), which excludes facility OH costs (labor, utilities, R&M, depreciation). 2022 Guidance for Total Ingredients Contribution Margin is 8% -11%, which excludes 8% - 9% of facility OH costs. Total Ingredients Gross Margin guidance is 0% to 2%. Benson Hill Investor Day 2022 BENSON HILL'

View entire presentation