Eve Holding, Inc. · NYSE:EVEX
Eve — Investor Presentation (September 2024)
37 slides from Eve's investor presentation, September 2024
Slide 1: Eve Air Mobility
EVE AIR MOBILITY SEPTEMBER 2024
Slide 2: Eve Air Mobility Unveils First Full-Scale eVTOL Prototype
Câmera de vídeo com preenchimento sólido Eve Air Mobility Unveils First Full-Scale eVTOL Prototype Eve Air Mobility Unveils First Full-Scale eVTOL Prototype
Slide 3: Eve at a Glance
EVE AT A GLANCE eVTOL CUSTOMER SERVICES VECTOR (UATM) Design, develop and certify an eVTOL Full portfolio of services and support solutions for Eve and other eVTOL OEMs Aircraft tailored for Urban Air Mobility Next-generation Urban Air Traffic Provide UAM solutions for flight operation, Management (
Slide 4: Eve a Leader in Urban Air Mobility
EVE A LEADER IN URBAN AIR MOBILITY Aerospace expertise with full access to Embraer’s Intellectual Property (IP) Robust design (Lift + Cruise): lower operating cost, higher dispatchability, Specialized manufacturing & and clearer path to certification engineering capabilities at attractive costs Expe
Slide 5: Eve & Embraer Partnership
EVE & EMBRAER PARTNERSHIP Strategic Support Leveraging 55 years of aviation experience; 30+ models certified over the last 25 years Embraer – Global Aviation Leader Access to World-Class Capabilities Royalty-Free IP; ~1,600 engineers; infrastructure and cost- Urban Air Mobility is a major competitiv
Slide 6: Design Optimized for Urban Mobility
DESIGN OPTIMIZED FOR URBAN MOBILITY Flexible seating capacity Tailored for urban mobility 4 passengers at EIS, up to 6 in Designed for 100 km (60 mile) range, autonomous configuration addresses 99% of UAM missions High utilization rate Community-friendly Designed for thousands flight cycles per Subs
Slide 7: 4 Passengers in Flexible Cabin
4 PASSENGERS IN FLEXIBLE CABIN Cabin cross section Layout of passenger Forward seating configuration accommodation Club seating configuration Height and seat width validated by customers at Forward-facing seats Advisory Boards enhance privacy This information belongs to Eve and cannot be used or rep
Slide 8: 4 Carry-ons or 2 Checked-in Bags
4 CARRY-ONS OR 2 CHECKED-IN BAGS Flexible luggage configuration Capacity 490 liters / 17 ft3 This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 8
Slide 9: Simplicity for Ease of Training and Operation
SIMPLICITY FOR EASE OF TRAINING AND OPERATION Embraer’s proven Fly-by-Wire technology No pedals, single pilot Proven Garmin avionics This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 9
Slide 10: Most Practical Design Choice for UAM
MOST PRACTICAL DESIGN CHOICE FOR UAM LIFT + CRUISE TILT ROTOR VECTORED FAN MULTI-ROTOR + Simple design + Lighter + Efficient cruising + Efficient takeoff/landing + Most reliable + Longer range + Longer range + Easiest to certify + Straightforward to certify + Lower noise profile + Lower operating co
Slide 11: Wheeled Landing Gear as Option
WHEELED LANDING GEAR AS OPTION Added flexibility where Ground Support Equipment (GSE) & time are limited Minimizes GSE requirements at outstations Reduces Turnaround Time (TAT) at slot-constrained, large vertiports Available as follow-on item after Entry into Service (EIS) This information belongs t
Slide 12: Designed to Fit Current Infrastructure
DESIGNED TO FIT CURRENT INFRASTRUCTURE 11.0ft / 3.3m 50ft / 15.2m* 33.0ft / 10.30m 5.9ft / 1.74m This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 12
Slide 13: Primary Component Suppliers Selected
PRIMARY COMPONENT SUPPLIERS SELECTED MOTORS BATTERY WING ACTUATORS DOORS EXTERNAL LIGHTS SEATS FLIGHT CONTROL THERMAL FUSELAGE COMPUTERS CONTROL SURFACES MANAGEMENT AVIONICS PYLONS COMPONENTS WINDOWS SENSORS PILOT CONTROL INTERIOR POWER DISTRIBUTION SYSTEM ROTORS&PROPELLER This information belongs t
Slide 14: Customer Services Solutions
CUSTOMER SERVICES SOLUTIONS MRO services Training services Spare parts solutions Flight operations solutions Battery & energy solutions Technical Support This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 14
Slide 15: Demonstration at Airspace World – Geneva
DEMONSTRATION AT AIRSPACE WORLD – GENEVA (SWITZERLAND) Agnostic software for Air Traffic Control and Eve Vector Fleet & Searidge Digital Vertiport Operator Altitude Angel network management Solution Tower Solution UTM Solution Focus on fleet / vertiport operators and Air Navigation Service Providers
Slide 16: UAM Potential in Selected Urban Areas
UAM POTENTIAL IN SELECTED URBAN AREAS RIO DE JANEIRO CHICAGO LOS ANGELES 245 eVTOLS 240 eVTOLS 390 eVTOLS 37 Vertiports 30 Vertiports 38 Vertiports 100+ Routes 120+ Routes 150+ Routes 4.5M Annual passengers 4.5M Annual passengers 7.1M Annual passengers $220M Annual revenues $225M Annual revenues $35
Slide 17: Eve's Lower Operating Emissions
EVE’S LOWER OPERATING EMISSIONS eVTOL reduces travel time and emissions This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 17
Slide 18: eVTOL Roll-out on July 3rd
eVTOL ROLL-OUT ON JULY 3RD Engineering prototype – Validate and improve accuracy of models created based on data from sub-scale flight models, labs, rigs and numerical simulations Ground and flight tests will be performed at Gavião Peixoto Embraer Facility (GPX) in Brazil This information belongs to
Slide 19: eVTOL Tailored for Urban Air Mobility
eVTOL TAILORED FOR URBAN AIR MOBILITY Similar dimensions of 4-passenger helicopters – 50ft (15.2m) wingspan; 33ft (10.3m) Design for 100km (60 miles) range at EIS addresses 99% of UAM missions This information belongs to Eve and cannot be used or reproduced without written permission from the Compan
Slide 20: eVTOL Roll-out: Optimal for Urban Mobility
eVTOL ROLL-OUT: OPTIMAL FOR URBAN MOBILITY 8 counter-rotating lifters (for controllability and high safely levels) Simple Lift + Cruise design – 8 lifters, 1 pusher Simplifies maintenance, lowers operating costs, increases dispatch rate, potentially clearer path to certification 5th generation fly b
Slide 21: eVTOL Roll-out
eVTOL ROLL-OUT Engineering prototype upcoming steps • Multiple integrated ground tests to validate thrust, energy consumption, systems functionalities, sound and vibration • Hover flights, for in-ground effect (IGE) and out-of-ground (OGE) characterization and assessments • Partial transition (with
Slide 22: Unparalleled Infrastructure
UNPARALLELED INFRASTRUCTURE GPX site in Brazil to host Eve’s flight tests Simulate actual conditions to which rotors with state-of-the-art infrastructure will be subjected in flight This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 22 22
Slide 23: Unparalleled Infrastructure
UNPARALLELED INFRASTRUCTURE Custom-built to command-and-control prototype Telemetry and video capabilities, with real-time flight, with minimal pilot-eVTOL latency data for real-time analysis by team onboard This information belongs to Eve and cannot be used or reproduced without written permission
Slide 24: eVTOL Development Phases
eVTOL DEVELOPMENT PHASES We are here TC | EIS TYPE CERTIFICATION & JOINT DETAILED ENTRY INTO SERVICE PRELIMINARY INITIAL VERIFICATION 2026 DEFINITION DESIGN DESIGN DESIGN 2025 9M 2024 4Q 2024 2022 2023 DEFINITION OF INTERFACES DEFINITION OF MANUFACTURING SYSTEMS PRELIMINARY PROJECT REVIEW SUPPLIER E
Slide 25: First eVTOL Production Site Selected
FIRST eVTOL PRODUCTION SITE SELECTED TAUBATÉ - SÃO PAULO, BRAZIL • Production facility situated within Embraer’s existing unit that will be expanded • Strategic logistical location, proximity to Embraer’s headquarters in São José dos Campos and Eve’s engineering and business team This information be
Slide 26: Modular Manufacturing Strategy
MODULAR MANUFACTURING STRATEGY Capital-efficient strategy to deploy manufacturing resources Growth in modules helps reduce risk and keep pace with market growth ½ Module 1 Module 2 Modules* 120 units / year 240 units / year 480 units / year This information belongs to Eve and cannot be used or repro
Slide 27: eVTOL, Services & Vector Pre-Deals
eVTOL, SERVICES & VECTOR PRE-DEALS 30 eVTOL 14 SERVICES 17 VECTOR 2,900 customers in customers in customers in 13 countries 9 countries 9 countries eVTOL AIRCRAFT $14.5B PRE-ORDER BOOK VALUE Based on current List Price $1.2B SERVICES POTENTIAL REVENUE This information belongs to Eve and cannot be us
Slide 28: Financial Performance
FINANCIAL PERFORMANCE USD MILLIONS 2Q24 2Q23 1H24 1H23 INCOME STATEMENT Research & Development (R&D) (36.3) (21.8) (63.8) (43.3) Selling, General & Administrative (SG&A) (5.4) (6.6) (11.9) (12.8) Change in fair value of derivative liabilities 2.1 (6.8) 8.4 (9.0) Interest Income / Other Non-Operating
Slide 29: ~$600M Raised Since 2022
~$600M RAISED SINCE 2022 IPO NYSE - 2022 DEBT - 2023 NEW EQUITY - 2024 P&D standby facility | 12-year maturity 3–4-year grace period | 5-6% interest rate disbursement 2023-2025 + FINANCIAL INVESTORS $400 million $100 million $96 million ~$600 million in funding 29
Slide 30: Path to Revenue & Profitability
PATH TO REVENUE & PROFITABILITY eVTOL BRAZIL BNDES 1ST PROTOTYPE 1ST PROTOTYPE CERTIFICATION ARCHITECTURE PRODUCTION 1ST DELIVERY CREDIT LINE ROLL OUT FLIGHT TESTS CAMPAIGN DEFINITION FACILITY 2022 2023 2024 2025 2026 SUPPLIERS CAPITAL PROTOTYPE LOIs–FIRM ORDER ASSEMBLY OF TYPE IPO SELECTION RAISE G
Slide 31: Path to Revenue & Profitability
PATH TO REVENUE & PROFITABILITY Eve - Revenue Potential Peer Valuation P/Sales Airbus 1.5x Boeing 1.6x Embraer 1.1x Aviation average 1.4x Tesla 7.9x Rivian 2.6x Lucid 10.8x Polestar 0.9x Electric Vehicles 5.5x Average 3.5x *Includes eVTOL and Customer Services Market cap ~$775 million Market prices
Slide 32: Eve's Lower Operating Emissions
EVE’S LOWER OPERATING EMISSIONS Operating emissions comparison vs. other urban mobility options Sources: IEA Urban car Intensity | Global EV average intensity Helicopter assumptions: 3.16 kgCO2 per Jet A1 Liter for a R44 consuming 56l/h at a 209 km/h speed. This information belongs to Eve and cannot
Slide 33: Cruise Sound - Helicopter | eVTOL
CRUISE SOUND - HELICOPTER | eVTOL Cruise@ 1000ft Noise Benchmarking Cruise phase encompasses most of the mission Helicopter - 75 dB(A)2 Densely populated area eVTOL wing-borne cruise <60 dB(A)1 eVTOL cruise blend into the 75 dB(A) average urban soundscape, which doesn´t happen with helicopters 1. Ex
Slide 34: Recharges Enhance Operating Potential
RECHARGES ENHANCE OPERATING POTENTIAL Battery charge (as % of total) throughout a typical day • Design with current battery technology for 100km range • Take-off, landing with disproportionately higher energy consumption; efficient in cruise • Typical mission estimated at ~30km (20 miles), or ~15min
Slide 35: Sustainability Beyond Climate Change
SUSTAINABILITY BEYOND CLIMATE CHANGE | Decarbonizing Aviation Commitments Developing zero-carbon aviation products by 2050 Carbon neutrality in operations by 2040 100% renewable electricity consumption in all operations by 2030 Carbon neutral growth starting in 2022 50% diversity in hiring across al
Slide 36: Eve's End of Life Battery Lifecycle
EVE’S END OF LIFE BATTERY LIFECYLE Suppliers' transparency: environmental compliance, product composition, reverse logistics, appropriate destination procedures BAE Systems and Eve collaborating on end-of-life battery capabilities Eve to offer battery swap, second life options and end-of-life soluti
Slide 37: Thank You! Forward Looking Statements
THANK YOU! Forward Looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “antici