Benson Hill Investor Day Presentation Deck
BH Soybean set to disrupt
the alt meat industry
Market(1)
2023
$5B
BH
Product
Value
●
2030
$13B
●
High Protein
-14% CAGR US soybean-based meat
Driving protein through Al Breeding
• +25 UHP gene editing targets in pipeline
• 5 Flavor gene editing targets in the pipeline
(lipoxygenases, fatty acid dehydrogenases, isoflavones, saponins)
Reduced
production
cost
Up to
50% CO2
70% water use(2)
Reduced beany flavor compounds vs. commodity ingredient by
70-80%(3)
R&D VALUE
Product Innovation Path
GEN1 60% white flake protein
GEN2 + 65% white flake protein
Improved flavor
GEN3 +
Better carbohydrates
Expanded
PLANT-
BASED
BURGER
Commercial
Platform Innovation - 2025
Platform Innovation - 2028
(1) Source: Internal estimated Serviceable Addressable Market based on third-patry reports (2) Compared to conventional soy protein concentrate on a per
kilogram of protein basis, based on preliminary Life Cycle Assessment results conducted by Blonk Consultants (April 2021). (3) Internal Benson Hill analysisView entire presentation