Slide 1: Third Quarter 2025 Earnings
Third Quarter 2025 Earnings December 4, 2025
Slide 2: Legal Disclaimer
Legal Disclaimer Unless otherwise specified, financial information and other data in this presentation is presented as of September 30, 2025. BETA’s historical results are not necessarily indicative of the results that may be expected in the future. Forward-Looking Statements This presentation conta
Slide 3: BETA
BETA 3
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Slide 9: About BETA
About BETA 9
Slide 10: Key Highlights
About BETA Key Highlights BETA is a vertically integrated electric aerospace and defense company At a Glance1 developing aircraft, infrastructure and ~$3.5B ~$1B 100,000+ 80+ 188K ft2 2 critical systems to enable customers to complete low cost, all-electric, air Firm & Option Aircraft Orders Enablin
Slide 11: Durable and Resilient Revenue Stream over Airframe Life
About BETA Durable and Resilient Revenue Stream over Airframe Life Aftermarket drives multi-decade recurring revenue over airframe life Illustrative Total Program Lifecycle Gross Profit Batteries Gross Profit ($) Data Electric Motor Aftermarket Flight Control Systems Training Maintenance and Parts A
Slide 12: Our Stepwise Approach to Certification
About BETA Our Stepwise Approach to Certification • Stackable certification path H500 H500 enables clear progression from FAA Approved Certification CX300 Test Plans & Testing FAA Approved Beginning of Test Certification base to breakthrough aircraft 1 H500 Type Plans Certificate Hartzell July Award
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Slide 14: 3Q25 KPI Updates – Building to Certification
Key Performance Indicators 3Q25 KPI Updates – Building to Certification 1 2 $3.5B 100,000 NAUTICAL MILES FLOWN BY 5 AIRCRAFT BACKLOG BETA AIRCRAFT FIRM & OPTION ORDERS Certification Fully Piloted 3 THREE PROGRAMS 4 84 Distinct and Enabling 0.5/MONTH CHARGING SITES MAX DEMONSTRATED RATE 62,659 Sessio
Slide 15: H500A Engine Certification
Key Performance Indicators H500A Engine Certification 5 Phase 1 100% Conceptual Design Phase 2 Requirements 100% Definition Phase 3 Compliance 89% Planning Phase 4 Implementation 14% 15
Slide 16: ALIA CTOL (CX300) Certification
Key Performance Indicators ALIA CTOL (CX300) Certification 5 Phase 1 100% Conceptual Design Phase 2 Requirements Certification Basis 100% Definition Means of Compliance 87% Phase 3 Compliance 65% Planning Phase 4 Implementation 2% 16
Slide 17: ALIA VTOL (A250) Certification
Key Performance Indicators ALIA VTOL (A250) Certification 5 Phase 1 100% Conceptual Design Phase 2 Requirements Certification Basis 100% Definition Means of Compliance 0% Phase 3 Compliance 6% Planning Phase 4 Implementation 0% 17
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Slide 21: Charge Network Sites
AZI AUH PBG United Arab BTV RKD PWM Emirates TVC RME RUT YTZ CON LAN MHT BAF BED BIV YIP GHG JHW ELM SWF MVY OGD LNS ABE HGR FDK GON ACK SLC CAK BLM MRB BWI ILG PNE SGH OKV MTN SHD DCA BWISBY PCD LWB JYO SDF CHO FCI OFP 2W6 OWB ROA KIAD BCB BKT SNS ARG V BT TTA MHV UTA FLO SMO GTR PDK BHM AGS JAN CH
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Slide 24: Competitive Landscape
Competitive Landscape Power Density (kW/Kg) 10 H500B 8 * V600A 6 V600A-T H500A Terrier * 4 * E-811 magni350 magni650 PT6A-21 * ENGINeUS100B1 Certified 2 * * 0 0 100 200 300 400 500 600 700 Motor Rating (Max kW) *may not include liquid cooling weight 24
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Slide 26: Add Herman
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Slide 27: Third Quarter 2025 Financial Results
Financial Results Third Quarter 2025 Financial Results Thousands, USD Revenue R&D Spend Adjusted EBITDA1 $8,918 $54,043 $56,371 $3,066 ($64,194) ($67,575) 3Q24 3Q25 3Q24 3Q25 3Q24 3Q25 Beat management expectations due to Supporting aircraft design and Closely managing expenses as we ramp ahead-of-sc
Slide 28: Third Quarter 2025 Financial Results
Financial Results Third Quarter 2025 Financial Results Thousands, USD Cash Balance Capital Expenditures1 $687,627 $13,052 $12,957 $52,248 3Q24 3Q25 3Q24 3Q25 Reflects private financings, including $300MM from GE, excludes ~$1.1 Supporting further vertical integration Billion of IPO proceeds 1 Repres
Slide 29: 2025 Annual Guidance Summary
Guidance 2025 Annual Guidance Summary Metric Guidance Revenue $29 – 33 Million Adjusted EBITDA ($295) – ($325) Million CONFIDENTIAL & PROPRIETARY 29
Slide 30: CONFIDENTIAL & PROPRIETARY
CONFIDENTIAL & PROPRIETARY 30
Slide 31: Appendix
Appendix 31
Slide 32: Simplified Profit & Loss
Financial Results Simplified Profit & Loss Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Revenue $ 8,918 $ 3,066 $ 24,483 $ 10,655 Gross Margin $ 6,177 $ 1,877 $ 18,813 $ 7,356 Operating Expenses $ 86,751 $ 74,877 $ 256,725 $ 203,551 Loss from Operations $ (80,
Slide 33: Non-GAAP Reconciliation
Financial Results Non-GAAP Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Net Loss $ (437,214) $ (75,064) $ (595,909) $ (199,203) Increase (decrease) as adjusted for : Interest Income (2,628) (1,035) (7,348) (5,740) Interest Expense 3,464 2,908 9,
Slide 34: Thematic Shift in Approach to AAM
About BETA Thematic Shift in Approach to AAM Our top government stakeholders have demonstrated strong alignment and investment in the future of Advanced Air Mobility, underscored by three significant tailwinds delivered over the past year. ü SFAR: Integration of Powered-Lift ü Executive Order: Unlea