Benson Hill Inc. (NYSE:BHIL) Q3 2022 Earnings Conference Call November 10, 2022 8:30 AM ET

Company Participants

Ruben Mella – Senior Director-Investor Relations

Matt Crisp – Chief Executive Officer

Dean Freeman – Chief Financial Officer

Conference Call Participants

Cody Ross – UBS

Adam Samuelson – Goldman Sachs

Kristen Owen – Oppenheimer

Ben Theurer – Barclays

Ben Klieve – Lake Street Capital Markets

Operator

Good morning. Thank you for attending the Benson Hill’s Third Quarter 2022 Earnings Call. My name is Glenn and I'll be your moderator. All lines are on mute during the presentation portion of the call, with an opportunity for questions-and-answers at the end. [Operator Instructions]

I'd now like to pass the conference over to your host, Ruben Mella, Senior Director, Investor Relations with Benson Hill. Ruben, please go ahead.

Ruben Mella

Thank you and good morning. We appreciate you joining us to review our third quarter financial results and outlook.

With me today are Matt Crisp, Benson Hill's Chief Executive Officer; and Dean Freeman, our Chief Financial Officer.

Earlier this morning, we filled our earnings release and Form 8-K. These documents, as well as an investor presentation we will reference during the prepared remarks are available on the investors section of the Benson Hill website.

We filed the Universal Shelf S3 registration statement that includes a $100 million aftermarket equity facility subject to SEC effectiveness, which we will discuss later in this presentation. Separately, we also took a housekeeping step and filed a consolidating S3 that simply combined previous S1 registration statements we had on file.

Comments today from management will contain forward-looking statements including Benson Hill's expectations of future financial and business performance, industry outlook, as well as current guidance about 2022 annual results, our plans and goals for 2023 and our 2025 financial targets. Forward-looking statements are inherently subject to risks, uncertainties and assumptions and are not guarantees of performance. We caution you to consider these risk factors that could cause actual results to differ materially from those in the forward-looking statements. Such factors include those referenced in the cautionary note included in our Form 10-K and 10-Q filings, press release, investor presentation and other filings with the SEC.

Also during this presentation, we will be discussing certain non-GAAP financial measures. A reconciliation to GAAP is available on our earnings release and presentation. Our earnings presentation begins with an overview of what Matt and Dean will discuss today related to our financial results, the outlook for the remainder of the year, liquidity and activities underway for 2023.