Start Time: 08:30 January 1, 0000 9:00 AM ET

Benson Hill, Inc. (NYSE:BHIL)

Q1 2022 Earnings Conference Call

May 16, 2022, 08:30 AM ET

Company Participants

Matt Crisp - CEO

Dean Freeman - CFO

Ruben Mella - Senior Director, IR

Conference Call Participants

Adam Samuelson - Goldman Sachs

Benjamin Theurer - Barclays

Kristen Owen - Oppenheimer

Brian Wright - ROTH Capital Partners

Operator

Good morning. Thank you for attending Benson Hill's First Quarter 2022 Earnings Call. My name is Harry, and I will be your operator today. All lines are on mute for 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 the review of our first quarter earnings results. With me today are Matt Crisp, Benson Hill's Chief Executive Officer; and Dean Freeman, our new Chief Financial Officer. Earlier this morning, we issued our earnings release and filed our Form 10-Q and Form 8-K. These documents as well as an investor presentation are available on the Investors section of the Benson Hill Web site.

Comments today from management will contain forward-looking statements including Benson Hill's expectations of future financial and business performance, current guidance about 2022 annual results, as well as industry outlook. 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 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 filing, press release, 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 in our earnings release and presentation.

With that, I will turn the call over to Matt.

Matt Crisp

Thanks, Ruben, and good morning, everyone. Our team did a terrific job executing and delivering first quarter results which are in line with our expectations. As a result, we are reaffirming our guidance for the full year. We have been building on the momentum achieved in 2021, as we scale the commercialization of our proprietary soy ingredients portfolio. Market dynamics and macro tailwinds are continuing to help drive and in many cases further accelerate demand for our innovative products.