Vertical Aerospace Ltd. · NYSE:EVTL
Vertical Aerospace — Investor Day (September 2025)
49 slides from Vertical Aerospace's investor day presentation, Sep 17, 2025
Slide 1: Built to Fly. Ready to Scale. Capital Markets Day
VERTICAL™ Built to Fly. Ready to Scale. Capital Markets Day
Slide 2: VERTICAL™
VERTICAL™ Capital Markets Day September 17th 2025 2
Slide 3: Disclaimer
DISCLAIMER The folowing presentation, the information communicated during any delivery ofthe presentation end any question-and-anewer session and any other materials distributed ator in connection withthe presentation (collectively, this ‘presentation’) has been prepared by Vertical Aerospace Ltd. (
Slide 4: Today's Agenda
VERTICAL™ Today’s Agenda Chairman's Outlook Démhnal Slattery Vertical’s Leading Michael Cervenka Chairman of the Board, Vertical Aerospace Battery Technology Chief Commercial & Strategy Officer, Vertical Aerospace Chief Executive Keynote Stuart Simpson Hybrid Aircraft David King CEO, Vertical Aerosp
Slide 5: Chairman's Outlook
VERTICAL™ ‘ Démhnal Slattery i Chairman of the Board Chairman’s Outlook Capital Markets Day
Slide 6: VERTICAL™
VERTICAL™ Capital Markets Day September 17th 2025 6
Slide 7: Chief Executive's Keynote
VERTICAL™ Oy ne Chief Executive’s Keynote Capital Markets Day
Slide 8: Capital Markets Day September 17th 2025 8
Capital Markets Day September 17th 2025 8
Slide 9: Our Vision is Grounded in Five Fundamentals
Our Vision is Grounded in Five Fundamentals > Best-in-class aircraft — largest cabin, safe, comfortable > Global reach — world’s highest safety standards > European leadership — only e6VTOL OEM in the EU > Certification progress — working with UK CAA and EASA every step of the way > Capital discipli
Slide 10: VERTICAL™
VERTICAL™ Capital Markets Day September 17th 2025 10
Slide 11: Flightpath 2030: Transforming How the World Moves
Flightpath 2030: Transforming How the World Moves >200-unit per annum Deliver at least manufacturing run-rate 150 aircraft (@4- 2030), Supported by 5-year order book Cash break-even and moving toward 40% gross margin as production scales Zero First major accidents upgrade certified Long-term contrac
Slide 12: Key Progress in 2025 YTD Informs Revised Projections
Key Progress in 2025 YTD Informs Revised Projections Piloted Flight Tests Three of four flight phases done — final phase “Transition” on track for year-end 2025 — a technological and certification de-risk Regitive tics cada flow in 2030E Hybrid-Electric Product Launch Product to quickly follow VX4 c
Slide 13: Topline Revenue Driven by Three Complementary Business Lines
Topline Revenue Driven by Three Distinguishable but Complementary y Business Lines Annual Aircraft and Battery Deliveries to Reach ~900 and ~45,000, Respectively Units Delivered Per Year ~45,000 ~900 7 “et Oo _ _ ~150 “80 = | || 2029E 2030E 2031E 2032E 2033E 2034E 2035E Consolidated Revenue to Reach
Slide 14: Progress on Supplier Contracts Drives Confidence in Gross Margins
Progress on Supplier Contracts Drives Confidence in Gross Margins Sy Consolidated Gross Margin to Grow From ~20% in 2030E to ~40% by 2035E Consolidated Gross Margin (%) ~40% ~20% = Z 2029E 2030E 2031E 2032E 2033E 2034E 2035E VX4 and Battery Drive Overall Gross Margins Battery Replacements Drive Incr
Slide 15: OEM Business Model Drives Positive Free Cash Flow by 2030E
OEM Business Model Drives Positive Free Cash Flow by 2030E y Free Cash Flow to Reach Over $100M by 2030E, Improving from Previous Outlook of Breakeven in 2030E Free Cash Flow” Free Cash Flow Break Even in Q4 ez om il 2025E 2026E 2027E 2028E 2029E 2030E 2031E 2032E 2033E 2034E 2035E , :: Mi Capital M
Slide 16: VERTICAL™
VERTICAL™ Capital Markets Day September 17th 2025 16
Slide 17: Slide 17
Slide 18: VERTICAL™
VERTICAL™ Capital Markets Day September 17th 2025 18
Slide 19: Entry Into Service Production Facilities Agreed
Entry Into Service Production Facilities Agreed > Early-stage production facility at Cotswold Airport New facility to be built adjacent to existing Flight Test Centre — bringing Vertical’s presence at Cotswold Airport to ~100,000 sa ft. Facility will fulfill initial production of >25 aircraft per ye
Slide 20: VERTICAL™
VERTICAL™ Capital Markets Day September 17th 2025 20
Slide 21: UK and European Certification Pathway Reduces Risk
UK and European Certification Pathway Reduces Risk > Clear and well- defined approach to certification Lowers risk Suro LAF . and cost responsibility with regulator UK A Civil Aviation Focused OEM | y Authority business model Capital Markets Day September 17%" 2025 22
Slide 22: A Disciplined Pathway to 2028 Certification
A Disciplined Pathway to 2028 Certification ~$700M Required Total Spend to Certification — Excluding Opportunities to Further Decrease the Burden Key Cash Outflow / Inflow Buckets 2025E-2028E ($M) Significantly lower than industry averages ~550 People & Operating Expenses Capital Markets Day Upfront
Slide 23: Advantages of European Certification
VERTICAL™ 6 se Advantages of European Certification Capital Markets Day
Slide 24: A Career in Regulatory Leadership
A Career in Regulatory Leadership > Led EASA for 10 years > Oversaw development of SC-VTOL “joined Vertical’s Board and Part-IAM after extensive > Certified new aircraft, including Airbus due diligence on the A350 and H160 aircraft and team.” > Worked with FAA, UK CAA, CAAC, ICAO and other regulator
Slide 25: Why I Chose Vertical
Why | Chose Vertical > Exceptionally experienced engineering and certification teams > Value data over narrative, pragmatism over frenzy > Aerospace programme with start-up agility > Relentless focus on core business —not over-extending Capital Markets Day September 17th 2025 25 Vertical’s Rigorous
Slide 26: The UK CAA and EASA Strategic Advantage
The UK CAA and EASA Strategic Advantage Higher standards, global access, stable foundation Capital Markets Day September 17th 2025 Rigorous Standards One in a billion safety objective * Transparent standards established since 2019 * Most stringent safety objectives * Open, consultative processes Mar
Slide 27: By Front-loading Certification We are Derisking the Process
By Front-loading Certification We are Derisking the Process > Design Organization Approval granted in 2023 and expanded in 2024 > Rigorous Permit to Fly oversight > 3,500 hours of UK CAA expert review > Maximize modelling and simulation > UK CAA and EASA working in partnership Creates a smoother cer
Slide 28: Why this Matters
Why this Matters Lower risk, higher confidence, global scalability Risk mitigation Global scalability Early regulatory oversight UK/EU certification and stable certification provides the fastest route requirements eliminate late- to market expansion. stage surprises. Market confidence Relationships
Slide 29: The Voice of The Customer: The Lessor
SS The Voice of The Customer: The Lessor
Slide 30: A Global Leader in Aircraft Leasing
A Global Leader in Aircraft Leasing 142 airline customers in 60 countries 4 H 66* WESTIETS? Piet @pncansos $34Bn Owned, Managed & ee OS oe Total Assets Committed Aircraft (9° 7" Southweste ‘spirit: volaris + i acnomenco 532* a 6.5yrs Avianca \ Committed Average Age Fleet Azul % GOL Verney OF Maem PL
Slide 31: Premium Products are Driving Airline Revenue Growth
Premium Products are Driving Airline Revenue Growth US Airlines Revenue Growth Global Fares by Cabin Class 2019 = 100 YoY% ° Business & First Economy Network Carriers LCCs 130 120 10 3 8% 100 £ 90 80 70 60 Q1-24 Q2-24 Q3-24 O4-24 1-25 2-25 2019 2020 2021 2022 2023 2024 2025 Source: Air Finance Globa
Slide 32: Why Avolon Selected Vertical
Why Avolon Selected Vertical + Due diligence of Advanced Air Mobility market. Vertical emerged as best-in- class for a leasing platform. + Current battery technology and certification limits makes eVTOL the near- MOLCEL term zero-emissions solution ps DASSAULT SUSTEMES Global reach of EASA certifica
Slide 33: Fastest Ever Aircraft Placement Program
Fastest Ever Aircraft Placement Program air greenland ° MoU & Bimnowws Up to 100X Aircraft Up to 250X Aircraft Capital Markets Day September 17th 2025 33 firfoie air greenland @ JAPAN AIRLINES 350 GOL 250 JAPAN AIRLINES Up to 100X Aircraft firfsia At least 100X Aircraft mg Avolon VX4 Order ==Cumulat
Slide 34: Joint Working Group Case Study
Joint Working Group Case Study . World's largest helicopter market 250x eVTOL network opportunity Local infrastructure and ATC support CAMPO DE MARTE . . Capital Markets Day September 17th 2025 34
Slide 35: Joint Working Group Case Study
Joint Working Group Case Study Kyoto. Station WY Shinshaibashi Capital Markets Day September 17th 2025 35 @Q JAPAN AIRLINES 700+ daily passengers for Osaka region High demand for premium services Anetwork fit for eVTOL expansion
Slide 36: Value Creation Opportunities Across the Ecosystem
Value Creation Opportunities Across the Ecosystem Air Services Financing Vertiports eVTOL Battery & MRO Leasing Capital Markets Day September 17th 2025 36
Slide 37: The Voice of The Customer: The Operator
Py ) The Voice of The | Customer: The Operator
Slide 38: Vertical's Leading Battery Technology
a > Vertical’s Leading Battery | Technology
Slide 39: Vertical's Battery is Fundamentally Differentiated
Vertical's Battery is Fundamentally Differentiated >Safety >Performance >People >Business Model Capital Markets Day September 17th 2025 39
Slide 40: Battery Development Grounded in Continuous Learning Cycle
Battery Development Grounded in Continuous Learning Cycle Prototype #2&3 Certification and Production Aircraft (VX4) Do ~~ | ~ 176S8P. Air Cooled > Fight Test v 4 CIk x External Design Containment Flight &Manufacture Test Landing Capital Markets Day September 17th 2025 40 ixal 15 a a 10% Lighter In
Slide 41: Battery Development Stages
Battery Development Stages Alpha o a © < a > Strategy Design $ Proof of concept Concept selection < Rapid discovery Manufacturing strategy 2 Development of concept Critical risks addressed > w Bill of sequence 2 development prey Oo Capital Markets Day Sub-scale testing September 17th 2025 A Developm
Slide 42: Battery Business Opportunity
Battery Business Opportunity > Profitable razor / razor blade model > 15% / 25% aircraft / battery revenue mixin 2035E > Battery underpins both VX4 and Hybrid platforms > Batteries designed for refurbishment improving aircraft economics and unlocking second life use cases Capital Markets Day Septemb
Slide 43: Hybrid Aircraft Opportunities
<> Hybrid Aircraft Opportunities
Slide 44: Vertical's Aircraft Design is Uniquely Positioned in the VTOL Landscape
Vertical’s Aircraft Design is Uniquely Positioned in the VTOL Landscape >Safety >Scalability and Versatility >Certification Pathway Capital Markets Day September 17th 2025 44
Slide 45: Vertical's Well Advanced Hybrid Opportunity
Vertical’s Well Advanced Hybrid Opportunity Range vs Payload For VX4 Electric and Hybrid Aircraft > Potential range of 1,000+ miles and payload potential of up to 1,100kg /2,400lbs > Hybrid aircraft flying in 2026 BB Electric vx4 Hybrid Capital Markets Day September 17th 2025 45 Note: Management Pro
Slide 46: Capital Markets Day September 17th 2025 46
Capital Markets Day September 17th 2025 46
Slide 47: Fireside: The Significant Scale of the European Defense Opportunity
3% Fireside: The Significant Scale of the uropean Defense Opportunity
Slide 48: Chief Executive's Wrap-up
Chief Executive’s Wrap-up
Slide 49: Thank you
VERTICAL” Tnank you Capital Markets Day September 17th 2025 49