Benson Hill Results Presentation Deck
BENSON O HILL
BENSON HILL
Non-GAAP Reconciliation¹
The following financial measures used in this presentation are not derived in accordance with generally accepted accounting principles ("GAAP"). Reconciliations to the most comparable GAAP measures are provided below.
The Company defines Adjusted EBITDA as consolidated net loss from continuing operations excluding income taxes, interest, depreciation, amortization, stock-based compensation, change in fair value of warrants and
conversion option, goodwill and long-lived asset impairment, restructure-related costs (including severance costs) and the impact of significant non-recurring items. The Company defines free cash flow as net cash used in
(provided by) operating activities minus capital expenditures. Categories such as income tax expense (benefit), changes in fair value of warrants and conversion option, and significant non-recurring items may impact the
actual full-year non-GAAP reconciliation for Adjusted EBITDA and Free Cash Flow. These amounts cannot be estimated at this time.
(USD in millions)
Consolidated net loss from continuing operations
Interest expense, net
Depreciation and amortization
Stock-based compensation
Impairment of goodwill
Total Adjusted EBITDA
Consolidated net loss from continuing operations
Depreciation and amortization
Stock-based compensation
Impairment of goodwill
Changes in working capital
Other
Net Cash Used on Operating Activities
Payments for acquisition of property and equipment
Free Cash Flow
2023E
$ (127) (137)
27 - 29
21 - 23
7-8
19
$ (53) - (58)
2023E
$ (127) (137)
21 - 23
7-8
19
(17) - (19)
2-8
$ (95) - (98)
(15) - (20)
$ (110) (118)
1 The expected and actual results exclude the Fresh business divested on June 30, 2023, and was classified as discontinued operations until its divestiture.View entire presentation