BenevolentAI Results Presentation Deck
Reported to Normalised¹
Operating loss
Adjustments for:
G&A - Direct Transaction costs
G&A - Transaction-related listing service SBP expense
G&A - Transaction-related employee-related SBP expense
G&A - Impairment of assets
G&A - Transaction-related stamp duty
Revaluation of investments
Normalised¹ group operating loss
1) Excludes exceptional costs related to the Business
Combination
31 December
2022
£'000
(197,034)
11,255
83,067
3,883
3,740
491
(94,958)
BenevolentAl Proprietary
2021
£'000
(121,322)
10,700
Reported operating loss significantly
driven by non-recurring costs of
Business Combination.
payments also incurred from
2,911 Business Combination, and set to
reduce beyond 2022.
(107,711)
Non-cash exceptional costs related to
acceleration of share-based
Non-cash listing service expenses
reflects cost of share issuance to
Odyssey SPAC as part of Business
Combination net of assets acquired
(before PIPE and backstop)
Benevolent
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