Let be the finite cut time and put . Continuity of Riemannian distance shows that the segment to still minimizes and . Choose with . By the Hopf-Rinow theorem, there is a minimizing geodesic from to with length and initial unit vector . Continuity gives .
The unit tangent sphere is compact, so after a subsequence . Smooth dependence of the Riemannian exponential map gives . The geodesic with initial vector has length up to , hence minimizes. If , this is the required second minimizing geodesic.
Suppose instead and is not a conjugate point. Then the differential of at is nonsingular. The inverse function theorem makes injective on a neighborhood of this vector. For large , both and belong to that neighborhood and exponentiate to . They must be equal, implying , a contradiction. Thus either a distinct minimizing geodesic exists or is conjugate. In the latter case it is the first conjugate point, since part (a) excludes any earlier one on a minimizing segment. We have proved the cut-point dichotomy for complete Riemannian manifolds.
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