Benson Hill SPAC Presentation Deck slide image

Benson Hill SPAC Presentation Deck

BENSON HILL A Food Technology Leader Supplying the 'Picks and Shovels' of the Plant-Based Revolution Significant and Growing Addressable Market ● $140bn near-term TAM opportunity in plant-based meat segment (¹) ~70% increase in global demand for food expected by 2050(2) $5tn opportunity(³) across the full AgriFood industry via CropOS® platform Benson Hill is a pure play ESG investment opportunity 13 CLIMATE ACTION Unique and Proprietary Innovation Engine: CropOSⓇ ● ● Unmatched data library Predictive design capabilities Increases speed to market Ability to reduce initial development costs by up to 90% GOOD HEALTH AND WELL-BEING Wo 3 2 ZERO HUNGER SSS 6 Capitalized for Growth ● ~$625mm gross proceeds ready to deploy to capitalize on market opportunity (4) Transaction fully finances forecasted growth plan CLEAN WATER AND SANITATION 14 LIFE BELOW WATER 15 LIFE ON LAND Rapidly Growing Revenue at Commercial Inflection 12 ● RESPONSIBLE CONSUMPTION AND PRODUCTION COM $102mm of revenue in 2020 (5) ~46% projected revenue CAGR from 2020 to 2027, driven primarily by growth in existing products (5) ~48% anticipated gross margin by 2027 8 DECENT WORK AND ECONOMIC GROWTH 13 SUSTAINABLE DEVELOPMENT GOALS Source: Benson Hill. (1) Market calculation through 2029, Barclay's Global Food Report, 'I Can't Believe It's Not Meat' (2019). (2) FAO. (3) McKinsey. (4) Gross proceeds are comprised of Star Peak II $403 million of cash in trust, assuming no redemptions, and an oversubscribed and upsized $225 million common stock PIPE at 10.00 per share. (5) Excludes revenue from a business divested in 2020.
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