Benson Hill Results Presentation Deck slide image

Benson Hill Results Presentation Deck

First Six Months 2023 Results (Unaudited) (USD in millions) Excludes Fresh Business¹ Consolidated Revenue Proprietary Consolidated Gross Profit Operating Expense w/o Adj. Non-Cash stock-based Comp Goodwill Impairment Operating Expense Net Loss from Continuing Operations (Net of Income Tax) Total Adj. EBITDA² Capital Expenditures Free Cash Flow Loss² First Six Months Ended June 30, 2023 Impact of Open Mark-to-Market Reported Timing difference $243.7 $43.9 $12.5 1. $56.2 $(6.2) $19.2 $69.2 $(54.0) $(26.8) $6.9 $(57.2) $(6.5) $(0.7) $(2.1) $(2.1) $(2.1) Excl Open Mark- to-Market Timing Differences $237.2 $43.2 $10.4 $56.2 $(6.2) $19.2 $69.2 $(56.1) $(28.9) $6.9 $(57.2) Prior Year Comparison (Excluding Timing Differences) 1H'22 Results 3 $160.9 $26.3 $(0.2) $64.8 $64.8 $(39.5) $(42.1) $2.5 $(65.9) 1H'23 vs 1H'22 +47.4% +64.3% +$10.6 -13.3% +7.0% +$16.6 +$13.2 +$8.7 The expected and actual results exclude the Fresh business divested on June 30, 2023, and was classified as discontinued operations until its divestiture. 2. See the reconciliation table in the Appendix. 3. See Appendix. Drivers of Performance Well positioned at the halfway point of the year Revenue and Gross Profit Drivers Proprietary revenues in line with expectations ● Non-proprietary revenue growth driven by favorable crush margins and >$20 million one-time shipment of non-proprietary beans to Europe Adjusted EBITDA & Free Cash Flow Significant year-over-year improvement in line with expectation
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