Benson Hill Investor Presentation Deck
2023 non-GAAP Reconciliations (1)
(In Millions USD)
Adjustments to reconcile 2023 consolidated net loss to Adjusted EBITDA
Consolidated net loss from continuing operations
(125)-(135)
$
Interest expense, net
Depreciation and amortization
Stock-based compensation
Total Adjusted EBITDA
Changes in working capital
Other
$
Adjustments to reconcile 2023 consolidated net loss to Free Cash Flow
Consolidated net loss
$ (125) - (135)
Depreciation and amortization
21-23
Stock-based compensation
14-15
(12)-(14)
2-8
$ (100) - (103)
(20) – (25)
$ (120) - (128)
Net Cash Used on Operating Activities
Payments for acquisition of property and equipment
Free Cash Flow
27-29
21-23
14-15
(63) - (68)
(1) The expected results exclude the Fresh business which was divested in a two-part transaction announced on January 3, 2023, the initial portion of which was
consummated on December 29, 2022, and the second portion of which is expected to close in the second quarter of 2023. The Company will record the Fresh
business as discontinued operations as of December 31, 2022.
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