Benson Hill SPAC Presentation Deck

BENSON HILL Introduction to Benson Hill's Economic Model Ingredients Segment ~30-40% Gross Margins As commercialization ramps Significant near-term growth driven by existing proprietary products and robust pipeline Two-sided business model driven by economic agreements with growers and end customers Facilitates rapid market penetration of proprietary products Strong margins and cash flow from product investment and scaling ● BENSON HILL INGREDIENTS Source: Benson Hill. Fresh Segment High Teens Gross Margins Steady single digit revenue growth Integrated grower of fresh vegetables, delivering product to high quality customer base ● ~50% >90% Gross Margins Gross Margins (Partnerships) (Royalties) Evolution as We Scale Production Partnership and Royalties BENSON HILL ● Developing proprietary products for longer term growth (upside to forecast model) Stable economics, lower expected growth than other segments FRESH Providing proprietary products to market participants in exchange for revenue share or royalty Asset light approach with high margins and strong free cash flow conversion End state economic model for highly penetrated products 46

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