Benson Hill Investor Presentation Deck
Targeting to achieve positive Adjusted EBITDA and
positive free cash flow in 2025
GROWTH
CONSOLIDATED REVENUE
GROWTH
$400M+
CONSOLIDATED GROSS
MARGIN EXPANSTION
25%
MARGIN
EXPANSION
TECHNOLOGY STACK
2025
Targets
CASH
ADJUSTED EBITDA
Positive
FREE CASH FLOW
Positive
EXECUTION
Excludes the Fresh business, which is expected to be sold in 2Q'23
2025 Anticipated Growth Drivers
Proprietary revenues of $300M+ vs.
previous $350M+ target
O Scale highest margin proprietary products
o Temporarily de-emphasize lower margin
product categories
o Temper revenue recognition for ADM
strategic partnership and timing to secure
new partnerships
ā
ā
Gross margin expansion expected to be
driven by scaling proprietary products,
increasing contributions from partnership and
licensing agreements and actions to increase
return on capital
Launch proprietary yellow pea ingredients
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