Benson Hill, Inc. (NYSE:BHIL) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET

Company Participants

Ruben Mella - Senior Director, IR

Adrienne Elsner - Interim CEO & Director

Dean Freeman - CFO

Conference Call Participants

Adam Samuelson - Goldman Sachs Group

Kristen Owen - Oppenheimer

Antonio Hernandez - Barclays

Benjamin Klieve - Lake Street Capital Markets

Brian Wright - ROTH MKM Partners

Operator

Good morning. Thank you for attending Benson Hill's Second Quarter 2023 Earnings Call. My name is Chach, and I'll be your moderator. [Operator Instructions].

I want to pass the conference to your host, Ruben Mella, Senior Director of Investor Relations with Benson Hill. Ruben, please go ahead.

Ruben Mella

Thank you, and good morning. We appreciate you joining us to review our second quarter 2023 financial results and outlook. As a reminder, Benson Hill will host a virtual Annual Shareholder Meeting on August 11 at 11:00 a.m. Eastern Time.

With me today are Deanie Elsner, Benson Hill's Interim Chief Executive Officer; and Dean Freeman, our Chief Financial Officer. Earlier this morning, we filed our earnings release and Form 8-K. These documents and investor presentation we will reference during the prepared remarks are available on the Investors section of the Benson Hill website. Comments today from management will contain forward-looking statements, including Benson Hill's expectations of future financial and business performance, industry outlook and current guidance for 2023.

Forward-looking statements are inherently subject to risks, uncertainties and assumptions and are not guarantees of performance. We caution you to consider the risk factors that could materially cause results to differ from those in the forward-looking statements. Such factors include those referenced in the cautionary notes included in our Form 10-K, Form 10-Q, press release and investor presentation and other filings with the SEC. Also during this presentation, we will discuss specific non-GAAP financial measures. A reconciliation to GAAP is available in our earnings release and presentation.

I will now turn the call over to Deanie.

Adrienne Elsner

Thanks, Ruben, and good morning, everyone. It's a privilege to be with you today. As most of you know, I transitioned from my role on the Benson Hill board to also serving as interim CEO almost 2 months ago. During this time, I have worked with the team to dig into the company's capabilities, challenges and unique opportunities as we work to disrupt an entrenched industry with innovative breakthrough technology. This is happening during a time when we face more challenging global market conditions.