Benson Hill Investor Presentation Deck
2022 non-GAAP Reconciliations(¹)
(In Millions USD)
Adjustments to reconcile 2022 consolidated net loss from continuing operations to adjusted EBITDA
Consolidated net loss from continuing operations
(100)
$
Interest expense, net
21
21
20
Other non-recurring costs
(44)
Total Adjusted EBITDA(2)
$
(82)
Adjustments to reconcile 2022 consolidated net loss from continuing operations to Free Cash Flow
$ (100)
21
20
5
(39)
$ (93)
(7)
Depreciation and amortization
Stock-based compensation
Consolidated net loss
Depreciation and amortization
Stock-based compensation
Changes in working capital
Other
Net Cash Used on Operating Activities
Payments for acquisition of property and equipment
Free Cash Flow
$ (100)
(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.
(2) The reconciliation to 2022 adjusted EBITDA includes approximately $5 million in losses for open mark-to-market timing differences related to the estimated net temporary impact resulting from unrealized period-end BENSON HILL
gains/losses associated with the fair valuation of futures contracts associated with the Company's committed future operating capacity. Contracts associated with open mark-to-market timing differences are is expected to
unwind in future periods.View entire presentation