Benson Hill Investor Day Presentation Deck
Yellow pea ingredient
targeted for launch in 2025
Market(1)
2023
$3.2B
BH
Product
Value
ā
2030
$6B
High Protein
On track for high protein
(20% improvement)(2)
+10 gene editing targets
in the pipeline
(lipoxygenases, fatty acid
dehydrogenases, isoflavones, saponins)
Reduced off-flavors
by 60-90%(3)
~9% CAGR US pea plant-based meat
$
Reduced
Production
Relative Concentration
Gene Edits Reduce Off-Flavors by 60-90%
cost
120%
100%
80%
60%
40%
20%
0%
R&D VALUE
Commodity De-Flavor 1
Sustainable
*p-value < 0.001
Compound 1
Compound 2
De-Flavor 2 De-Flavor 3
Product Innovation Path
GEN1
GEN2 +
GEN3 +
60% pea protein concentrate
65% pea protein concentrate
Clean flavor
Improved flavor
Expanded
YELLOW
PEA PROTEIN
Proof of Value - 2024
Platform Innovation - 2026-27
Platform Innovation - 2028-29
(1) Source: Internal estimated Serviceable Addressable Market based on external reports (2) Compared to average US-CAN commodity Yellow Pea (3) Internal Benson Hill analysisView entire presentation