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% '21E '22E 39% ¹21E ¹22E ¹23E '24E '25E ¹26E '27E '21-'27 CAGR 13% '23E 61% 54% 21% 71% 38% 50% 43% 48% '24E ¹25E '26E '27E '21E-'23E CAGR Peer Median: 95% 151% NM Food Tech AeroFarms (3) ΝΑ AppHarvest(2) 39% CY 2023E GM Peer Median: 27% AA Beyond Meat AppHarvest(2) 19% (3) AeroFarms 34% 6% calyxt Peer Median: 11% 47% Higher Growth Companies Ag Tech calyxt 11% amyris Peer Median: 62% 20% 62% CODEXIS 68% amyris CODEXIS NM z zymergen ΝΑ Peer Median: 33% 26% Biotech TWIST 10X GENOMICS 44% 33% 34% z Ginkgo Bioworks(2) zymergen Peer Median: 47% 47% TWIST 6 BERKELEY LIGHTS BIOSCIENCE 73% 6 BERKELEY LIGHTS 51% Ginkgo Bioworks(2) 79% Slower Growth Mature Companies Ag / Specialty Ingredients 4% Peer Median: 5% novozymes 4% Other 10x GENOMICS Ingredients(1) Other CORTEVA Ingredients(1) agriscience Peer Median: 49% 38% 42% 5% CORTEVA ogracience 8% CHR 57% 59% Beyond Meat Source: Benson Hill, Bloomberg, CapIQ, IBES consensus estimates and company disclosures; market data as of 1-Jun-2021. (1) Other Ingredients reflects average for AAK, Givaudan, IFF, Kerry, Sensient, and Symrise. (2) AppHarvest and Ginkgo Bioworks projections based on management forecast per latest investor presentation. (3) AeroFarms metrics based on management forecast per latest investor presentation. novozymes CHR 60

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