Benson Hill Investor Presentation Deck
HIGH SOY COMMODITY PRICES
Benefits non-proprietary products
●
Adapting to persistent high supply
chain costs
●
INFLATIONARY AND SUPPLY CHAIN DISLOCATIONS
Higher than planned operational and logistics costs impacting proprietary products in
lower margin product categories
Requires significantly higher farmer premiums to secure proprietary acres, especially
with new farmers
●
TARGETED GROWTH STRATEGY
Continue scaling highest margin proprietary products
De-emphasize lower margin product categories where margin compression is
significant until markets normalize
Offer new varieties with higher yields and expanded maturity zones
Focused and disciplined growth strategy resulted in 2023 proprietary planted acres
increasing by approximately 50 percent - below previous expectation to double acres
o Secured acres for highest-margin proprietary products in food ingredients, soy
meal for aquaculture and oil products
o Farmer engagement with ADM adds new farmer partners, but fewer than
expected
Focused and disciplined
growth strategy targets
highest margin
proprietary products
BENSON HILLView entire presentation