Benson Hill SPAC Presentation Deck

BENSON HILL Benson Hill's Growth Trajectory and Margin Profile Benchmark Favorably vs. Public Market References Revenue Growth Gross Margin BENSON HILL™ 24% 27% 9% 1% 55% ¹21E ¹22E 39% 13% '23E 61% '21E '22E '23E '24E '25E ¹26E 27E 21-27 CAGR 54% 21% 71% 38% TM 43% 50% 48% ¹24E '25E '26E '27E '21E-'23E CAGR Peer Median: 101% NM Food Tech AeroFarms ΝΑ (3) A Beyond Meat AppHarvest(2) CY 2023E GM Peer Median: 27% AA AppHarvest(2) 39% 19 % (3) 163% AeroFarms 35% Beyond Meat Higher Growth Companies Ag Tech Peer Median: 11% 10% calyxt 11% 37% amyris Peer Median: 60% 60% 20% calyxt amyris CODEXIS 69% CODEXIS Peer Median: 34% 30% T Biotech 47% **** T 34% Peer Median: 73% 73% 10x GENOMICS IGI 6 LIGHTS 35% IGI 6 LIGHTS 79% 10x GENOMICS Slower Growth Mature Companies Ag / Specialty Ingredients 4% novozymes 41% Peer Median: 5% 5% Other Ingredients (1) CORTEVA ago Peer Median: 50% 44% 5% CORTEVA agaiam Other Ingredients (1) 56% novozymes 8% CHR 59% CHR Source: Benson Hill, Bloomberg, CapIQ, IBES consensus estimates and company disclosures; market data as of 30-Apr-2021. (1) Other Ingredients reflects average for AAK, Givaudan, IFF, Kerry, Sensient, and Symrise. (2) AppHarvest projections based on management forecast per latest investor presentation. (3) AeroFarms metrics based on management forecast per latest investor presentation. 43

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