Eve Holding, Inc. · NYSE:EVEX
Eve — Q4 2024 Earnings Presentation
13 slides from Eve's earnings presentation, Mar 11, 2025
Slide 1: 4Q24 & FY2024 Eve Update
4Q24 & FY2024 EVE UPDATE MARCH 11, 2025
Slide 2: Eve's 2024 Recap
EVE’S 2024 RECAP $ AIRX LoI FINAL eVTOL HELIINC LoI 50 eVTOL, $96M START OF $50M AIRWORTHINESS 50 eVTOL, TECHCARE CAPITAL PROTOTYPE TECHCARE CITIBANK CRITERIA TECHCARE & VECTOR RAISE GROUND TESTS LAUNCH LOAN PUBLISHED & VECTOR 2024 VECTOR 100% 1ST PROTOTYPE $90M EMBRAER/CAE ATM $35M LAUNCH SUPPLIERS
Slide 3: 2024 Milestones Checklist
2024 MILESTONES CHECKLIST CONCLUDE FIRST FULL-SCALE PROTOTYPE AIRFRAME ASSEMBLY (1H24) INITIATE AND PROGRESS PROTOTYPES TESTS (2H24) DEFINITION OF CERTIFICATION BASIS AND MEANS OF COMPLIANCE DEFINE CONFIGURATION OF EVTOL FACTORY, SECURE MANUFACTURING FINANCE $ 2024 TOTAL CASH CONSUMPTION BETWEEN $13
Slide 4: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS FULL-SCALE PROTOTYPE TESTING PHASE • Pusher motor turned on for thrust, vibration, sound, energy consumption (and other metrics) • Lifter motors being produced and tested separately • Wind-tunnel test with rotors on • 1st flight expected by mid year 2025 REGULAR ENGAGEMEN
Slide 5: Full-Scale Prototype
FULL-SCALE PROTOTYPE FIRST PUSHER MOTOR RUN Check the engine’s performance and the communication between the pusher inverters and the Remote Pilot Station (RPS) Verify the pusher inverters were properly installed on the aircraft and are operating as designed This information belongs to Eve and canno
Slide 6: Full-Scale Prototype
FULL-SCALE PROTOTYPE FIRST PUSHER MOTOR RUN This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 6
Slide 7: ANAC (Brazil) / FAA (USA) Continuous Engagement
ANAC (BRAZIL) / FAA (USA) CONTINUOUS ENGAGEMENT Eve executives and ANAC Board of Directors discussed FAA executives visited Eve’s site in Brazil to discuss the updates on the certification process future of aviation regulation and exchange insights on rulemaking practices This information belongs to
Slide 8: New Wind Tunnel Test
NEW WIND TUNNEL TEST This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 8
Slide 9: eVTOL, Services & Vector Customers
eVTOL, SERVICES & VECTOR CUSTOMERS* eVTOL SERVICES & SUPPORT AIR TRAFFIC CONTROL (EVE TECHCARE) (VECTOR) 28 customers in 14 customers in 21 customers in 9 countries 8 countries 10 countries ~2.8K ~$14B $1.6B Aircraft Pre-order Book Value Potential Revenue Based on current List Price This information
Slide 10: 2024 Liquidity Events: +$270 Million
2024 LIQUIDITY EVENTS: +$270 MILLION $96 MILLION IN NEW EQUITY FOR eVTOL DEVELOPMENT $125 MILLION BNDES NEW CREDIT LINEs FOR INDUSTRIALIZATION Liquidity/Cash Consumption (Estimated years of cash, w/ 2024 cash consumption) $50 MILLION BANK LOAN FOR eVTOL DEVELOPMENT $ PRO-FORMA LIQUIDITY AT $429 MILL
Slide 11: Financial Performance
FINANCIAL PERFORMANCE USD millions 4Q24 4Q23 FY24 FY23 INCOME STATEMENT Research & Development (R&D) (33.7) (33.6) (129.8) (105.6) Selling, General & Administrative (SG&A) (6.2) (5.3) (26.5) (23.1) Change in fair value of derivative liabilities (5.4) (0.6) 7.0 (10.4) Interest Income / Other Non-Oper
Slide 12: 2025 Milestones
2025 MILESTONES FULL-SCALE PROTOTYPE FIRST FLIGHT AND START OF FLIGHT TESTS ALIGNMENT OF DETAILED CERTIFICATION PLAN WITH ANAC (BRAZIL) AND FAA (US) INITIAL PRODUCTION OF CERTIFICATION PROTOTYPE PREPARATION OF eVTOL MANUFACTURING AND TESTING FACILITIES $ 2025 TOTAL CASH CONSUMPTION BETWEEN $200 AND
Slide 13: Up and Forward!
UP AND FORWARD! This information belongs to Eve and cannot be used or reproduced without written permission from the Company.