BenevolentAI Investor Day Presentation Deck
Walk from Reported to Normalised¹
Reported operating loss
Adjustments for:
G&A- Exceptional share-based payment ("SBP") expenses
G&A Direct Transaction costs
G&A - Non-cash listing service expense
Normalised¹ group operating loss
1) Excludes exceptional costs related to the Business Combination
Six months ended 30 June
2022
£'000
(134,547)
2,611
11,255
65,401
(55,280)
2021
£'000
(46,502)
(46,502)
Reported loss significantly driven by
non-recurring costs of Business
Combination.
Non-cash exceptional costs related to
acceleration of share based
payments also incurred from
Business Combination, and set to
reduce beyond 2022.
Non-cash listing service expenses
reflects cost of share issuance to
Odyssey SPAC as part of Business
Combination net of assets acquired
(before PIPE and backstop)
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