Surf Air Mobility Inc. · NYSE:SRFM
Surf Air Mobility — SPAC Merger (August 2022)
28 slides from Surf Air Mobility's SPAC merger presentation, August 2022
Slide 1: Advancing the future of flight for the good of people and the planet
Advancing the future of flight for the good of people and the planet © 2 0 2 2 SURF AI R MOBI L I TY AU G U S T 2022
Slide 2: Disclaimer
Disclaimer About this Presentation negatives of these terms or variations of them or similar terminology. Such this Presentation, certain of the above-mentioned projected information has Statement on Form S-4 has been filed and declared effective, the SPAC will mail a forward-looking statements are
Slide 3: Surf Air Mobility is reinventing flying through the power of electrification
Surf Air Mobility is reinventing flying through the power of electrification, changing everything we’ve come to expect from air travel. © 2 0 2 2 SURF AI R MOBI L I TY 3
Slide 4: There's a ~915,000,000+ metric ton carbon problem waiting to be solved
There’s a ~915,000,000+ metric ton carbon problem waiting to be solved And global aviation emissions are predicted to increase ~6% every year Electrifying smaller existing aircraft on 50 to 500 mile flights is 15,000+ ~15% a significant first step toward existing 9-19 seat turboprop aviation emissio
Slide 5: We know small planes
We know small planes We have been pioneering a new category of travel since 2013, our turboprop aircraft make it possible to connect regional airports on the Surf Air aviation platform, creating a new type of travel that people love and rely on today. 20211 “It makes it a much more pleasant, “Surf A
Slide 6: We've created a delightful flying experience solving the greatest pain points of commercial flying
ENJO YABLE FLYI NG EXPERI ENCE You’ll be on your way minutes after We’ve created a delightful flying experience solving touchdown, arriving refreshed and ready for the day ahead. the greatest pain points of commercial flying SEAMLESS BO O KI NG Saving time starts the moment you reserve your seat in
Slide 7: We've built a consumer platform to aggregate third-party operators and delight flyers
We’ve built a consumer platform to aggregate third-party operators and delight flyers SCHEDULED SERVICE THAT SAVES TIME We believe that frequent scheduled regional flights provide a lower cost entry point to Surf Air ON-DEMAND AIRCRAFT FOR ULTIMATE FLEXIBILITY Third-party operators list aircraft for
Slide 8: Electrification is expected to catalyze the 50 to 500 mile regional mobility market
Electrification is expected to catalyze the 50 to 500 mile regional mobility market, turning it into a potential $200B global opportunity by 2030 $200B Small electrified aircraft can enable By 2030E a new form of regional mobility: An air mobility network connecting the thousands of regional airport
Slide 9: Green flying redefines our radius of local possibility
Green flying redefines our YOUR NEW NEIGHBORHOOD radius of local possibility +500 Miles YOUR CURRENT NEIGHBORHOOD Los Angeles Green Flying noun A new era of air travel expansion made possible with new technologies that reduce emissions and cost1 Il l ustrative example of regional airport a ccess on
Slide 10: A new kind of point-to-point air travel can replace busy highways and large crowded airports
San Luis Obispo Monterey San Carlos Oakland Lake Tahoe Las Vegas Santa Barbara Camarillo Burbank Sedona Scottsdale LAX Chino Hawthorne Palm Springs Torrance Long Beach A new kind of point-to-point air Thermal travel can replace busy highways and large crowded airports Carlsbad As aircraft become che
Slide 11: 90% of the U.S. population lives less than 30 minutes from an underutilized regional airport
90% of the U.S. population lives less than 30 minutes from an underutilized regional airport Setting the foundation for a new type of mobility that traditional commercial aviation is unable to accommodate. NEW YO RK BAY AREA Santa Rosa Stewart Petaluma Teterboro White Plains Napa Morristown La Guard
Slide 12: A leadership team with deep industry experience
A leadership team with deep industry experience creating a market-responsive, environmentally-conscious, and cost-efficient short-haul mobility ecosystem STEPHEN VO GEL CARL ALBERT SUDHI N SHAHANI LI AM FAYED STAN LI TTLE DEANNA W HI TE I DO GRUBERGER FRED REI D Chairman & CEO Tuscan Chairman Co-fou
Slide 13: World class team of advisors with expertise in brand building, customer service, aviation and industrials
World class team of advisors with expertise in brand building, customer service, aviation and industrials DR. DAVI D AGUS MATTHEW ANDERSO N ARI ANNA HUFFI NGTO N EDW ARD MADY Founding Director & CEO Ellison Institute / Former ROKU CMO Founder & CEO Thrive Global / Founder Former Area GM Dorchester C
Slide 14: Robust and diverse revenue base
Robust and diverse revenue base 2021 Revenue Mix Revenue % Scheduled service with Growing software- Long term1 government ~180 daily departures enabled on-demand air- EAS2 contracts provide a across multiple markets mobility service recurring, stable source of revenue and cash flow Es s ential Air S
Slide 15: A demonstrated track record of revenue growth with earnouts in place to incentivize future growth
A demonstrated track record Future Performance Projected growth rate expected to be driven by investments in of revenue growth with network expansion, growth marketing and enabling technology earnouts in place to incentivize future growth ~54%2 YoY projected growth rate ~46% Annual earnouts1 tied to
Slide 16: And now, we are introducing the world to green flying
And now, we are introducing the world to green flying © 2 0 2 2 SURF AI R MOBI L I TY 16
Slide 17: We are developing electrified powertrains to decarbonize the turboprop category
We are developing electrified1 powertrains to decarbonize the turboprop category Creating hybrid electric propulsion for certified airframes provides us the fastest path to enable mass adoption. There are over 15,000 existing turboprop aircraft worldwide today with the potential to upgrade to our pr
Slide 18: The Electrified Cessna Grand Caravan
The Electrified Cessna Grand Caravan Our electrified powertrains will be first integrated on one of the world’s most popular turboprop aircraft Introducing Powertrains in development EP1 Cessna Grand Caravan EP1 Hybrid EP1 Electric Up to emissions / fuel emissions / fuel Substantially reducing the c
Slide 19: SAM's approach to electrification
SAM’s approach to electrification Certifying1 our electrified powertrains to replace combustion motors in established, popular aircraft, through Supplemental Type Certification (STC2) The STC process provides the quickest path to electrification by removing the complexity of certifying a new airfram
Slide 20: Key partnerships with industry leaders will accelerate our path to commercialization
Key partnerships with industry leaders will accelerate our path to commercialization — — Tier-1 aerospace 100+ successfully supplier to top OEMs certified STCs — — Premier aircraft certification and Key component supplier Longstanding and successful Flew the first experimental engineering team of el
Slide 21: Green flying: multi-phased approach
Green flying: multi-phased approach Maximum impact at every step of aviation’s energy transition Phase 1 Phase 2 Phase 3 Combustion + Sustainable Aviation Fuel Hybrid + SAF Fully electric Set the foundation of the Deploy proprietary green Enable electrification green flying ecosystem propulsion tech
Slide 22: We are joining forces with the world's largest private aviation terminal operator
We are joining forces with the world’s largest private aviation terminal + operator to rapidly expand the footprint of our green flying solutions The world’s largest private aviation terminal operator Replicate the Surf Air flying Increase access to sustainable aviation Create the technology for the
Slide 23: Diversified current and future revenue streams
Diversified current and future revenue streams Scheduled On-Demand Gov’t & Corporate1 Electrified Aircraft Electrified B2C Flights Flights B2B Contracts Leasing2 Powertrain Sales2 Flights operated by Digital marketplace Scheduled air-service Aircraft-as-a-Service, new and Powertrain-as-a-Service, fo
Slide 24: We are building the software and hardware that is expected to power green flying
We are building the software and hardware that is expected to power green flying Connected aircraft Green aircraft with predictive maintenance programs Software-as-a-Service Powertrain-as-a-Service Software for distribution and Electrified, connected operation of green flights aircraft and powertrai
Slide 25: SAM's electrified powertrains will create long-term recurring revenue streams
SAM’s electrified powertrains will create long-term recurring revenue streams — — — SAM’s powertrains are being designed We are designing our system to be cost comparable Each powertrain is expected to create one- to be installed into newly built aircraft to a regulator mandated aircraft engine over
Slide 26: Surf Air Mobility is uniquely positioned to deliver long term value leveraging existing infrastructure
Surf Air Mobility is uniquely positioned to deliver long term value leveraging existing infrastructure and technology Legacy airlines Clean-sheet all electric / eVTOL Targets hybrids in Rel evant technology Regulatory ba rriers, community a cceptance, and scaling of production marketplace 2025E ma t
Slide 27: Win-win proposition across the value chain
Win-win proposition across the value chain Anticipated first mover advantage - being early to market will AI R POR TS & I NFR AS TRU CTU RE CU S TOMER S allow SAM to build up its consumer base, lock down aircraft supply and create strategic pilot pipeline partnerships Higher utilization and passenge
Slide 28: The future of sustainable air travel, today
The future of sustainable air travel, today investors@surfair.com © 2 0 2 2 SURF AI R MOBI L I TY