Benson Hill SPAC Presentation Deck

BENSON HILL Delivering Growth with Rapidly Expanding Margins ($mm) Revenue YoY Growth Gross Profit Gross Margin Research Expenses Development Expenses (²) G&A Expenses Other Operating Expenses EBITDA EBITDA Margin Capex Memo: Acreage (2) YoY Growth Ingredients and Partnerships/Royalties Revenue Yo Y Growth % of Total Revenue 2020A $ 102 $ 12 12% ΝΑ ΝΑ 25 17 ($51) NM $10 120,000 $ 46 45 2021E $ 127 24 % $ 12 9% $20 19 28 32 ($73) NM ¦ $ 60 I 2022E 150,975 26% $63 36% 50 $ 161 27% $2 1% $22 22 30 37 ($87) NM $41 2023E 247,094 64 % $96 52% 59 $ 251 55 % $ 32 13% $23 23 34 41 ($64) NM 2024E $26 Ultra High Protein Soybeans(3), Fresh, Yellow Pea Investments 327,172 32 % $ 182 91% 73 $ 348 39 % $ 74 21 % $ 25 25 38 45 ($33) NM $5 489,324 50 % $277 52% 80 2025E $ 561 61% $ 212 38 % $ 26 26 43 49 $96 17% $15 747,719 53 % $ 487 76% 87 Source: Benson Hill. (1) Excludes contribution from a business divested in 2020. (2) Research and development expenses not reported separately in 2020; total 2020 R&D expense is $29mm. (3) CAPEX primarily for Human Food Protein Ingredient 2026E $ 862 54% $ 372 43% $30 30 48 55 $239 28% $5 1,228,023 64 % $ 785 61 % 91 2027E $ 1,472 71% $ 703 48 % $32 32 53 60 $556 38 % $5 1,919,975 56 % $ 1,392 77% 95 50

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