Vertical Aerospace Ltd. · NYSE:EVTL
Vertical Aerospace — Investor Presentation (May 2024)
23 slides from Vertical Aerospace's investor presentation, May 2024
Slide 1: Company Overview May 2024
Company Overview May 2024
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation contains forward-looking statements within the meaning of the and recurring losses from our operations raise significant doubt (or raise forward-looking statements by these cautionary statements. Unless otherwise Private Securities Litigation Reform Act of 1995 tha
Slide 3: Why Vertical?
Speed • A Winning Team • A Focussed Business Model • Already Flying Prototype Scale • A Global Market • A Product Our Customers Love • A World Leading Order Book Certainty Why • Proven Technology • Tier 1 Industrial Partners • A Solid Investment Case Vertical? 4
Slide 4: Vertical in Numbers
P IO NEERING EL ECTRIC AVIATIO N Vertical in Numbers 2016 c. 300 3 Company Employees Prototypes Founded Globally Flown Up to 100 0 10^-9 Miles of Range Emissions in 1 in a Billion Operations Catastrophic Failure Rate 1,500 $6B c. 50% Aircraft already Value of Required Capital pre-ordered Pre-order B
Slide 5: Fast learning since 2016
P IO NEERING EL ECTRIC AVIATIO N Fast learning since 2016 Learning by doing by flying prototypes shaped by path to certification eVTOL VX1 VX1 VX2 VX4 VX4 VX4 VX4 Ideation Concepting Test Flight Test Flight Design Start Prototype Build Start Prototype Flight Certification Progress VEHICLE DEVELOPMEN
Slide 6: World-class partnerships drive speed, scale and certainty
P IO NEERING EL ECTRIC AVIATIO N World-class partnerships drive speed, scale and certainty Best suppliers, team and customers 300 strong team – Leonardo, Airbus, Joby, CAA, EASA etc. experience SC-VTOL regulatory standard opens global markets 1500 aircraft, $6bn pre-order book proves demand Tier 1 s
Slide 7: A Winning Team
P IO NEERING EL ECTRIC AVIATIO N A Winning Team Speed / Mixing agility and experience that has certified over 30 aircraft and propulsion systems Stuart Simpson David King Eduardo Dominguez Michael Cervenka Charlotte Cowley Justin Paines Eric Samson Chief Test Pilot SVP Engineering Sanjay Verma Chief
Slide 8: Disciplined OEM business model
P IO NEERING EL ECTRIC AVIATIO N Disciplined OEM business model Vertical has deliberately targeted a tried and tested OEM + services business model Why? – Because we know it works, we know how to execute it and we know it delivers return on investment What’s new? – We have a digitally native electri
Slide 9: Flying Prototypes
P IO NEERING EL ECTRIC AVIATIO N Flying Prototypes Speed / Already flown full-scale prototypes under rigorous UK Permit-to-Fly mini-certification regime Confidential. ©Vertical Aerospace Group Ltd 2024. All rights reserved. 10
Slide 10: 2023/2024 Flight Test
P IO NEERING EL ECTRIC AVIATIO N 2023/2024 Flight Test Speed / Flying piloted full-scale aircraft demonstrating aircraft progress Aircraft H1 2023 H2 2023 H1 2024 H2 2024 1 Gen1 aircraft conducted successful remote thrustborne campaign after receiving Permit-to-Fly from UK regulator 2 Gen2 aircraft
Slide 11: Second Full-Scale Prototype Assembly Nearing Completion
P IO NEERING EL ECTRIC AVIATIO N Second Full-Scale Prototype Assembly Nearing Completion Speed / Being built by Vertical engineers at our partner GKN Aerospace‘s Global Technology Centre in Filton, UK with final assembly at our Flight Test Centre Confidential. ©Vertical Aerospace Group Ltd 2024. All
Slide 12: Scale / An Aircraft on track to certify worldwide
P IO NEERING EL ECTRIC AVIATIO N VX4 Scale / An Aircraft on track to certify worldwide Confidential. ©Vertical Aerospace Group Ltd 2024. All rights reserved. 13
Slide 13: VX4 – an aircraft customers love
P IO NEERING EL ECTRIC AVIATIO N VX4 – an aircraft customers love Scale / VX4 performance offers safer, faster, quieter, greener travel with access to urban areas CAPACITY CRUISE SPEED RANGE 5 150 mph/ up to 100 miles 4 Passengers 100 – 130kts/ 87 nm 1 Pilot 190 – 240km/h 160 km SAFETY NOISE OPERATI
Slide 14: A Global Market: customers across four continents
P IO NEERING EL ECTRIC AVIATIO N A Global Market: customers across four continents Scale / 1500 pre-orders valued at $6bn with market leading customers in major global markets 27% 27% 30% 16% Confidential. ©Vertical Aerospace Group Ltd 2024. All rights reserved. 15
Slide 15: Vertical has pre-orders
Vertical has Customer list represents: $6B Estimate value of 1000+ Destinations 360m Revenue passengers 8% of the global commercial 1,500 pre-order book carried in 2019 revenue passenger volume pre-orders / American Airlines / Kakao Mobility / Babcock / Bristow Up to 350 aircraft Up to 50 aircraft T
Slide 16: Proven Technology Partners
P IO NEERING EL ECTRIC AVIATIO N Proven Technology Partners Certainty / Cutting edge technology via strategic partnerships with Tier 1 aerospace Avionics & Flight Controls Electromechanical Actuators Battery Cells Wing Fuselage Composite Materials 3D Experience 5 years of development Tech already in
Slide 17: Proprietary Tech
P IO NEERING EL ECTRIC AVIATIO N Proprietary Tech Certainty / Proven Technology Design & Assembly Propellers Battery and powertrain Vertical leverages an ecosystem of top-tier aerospace eVTOL propellers are novel and we have developed Our battery systems for the VX4 have been optimally partners to d
Slide 18: Leading with proprietary battery and powertrain
P IO NEERING EL ECTRIC AVIATIO N Leading with proprietary battery and powertrain Certainty / Prioritising investment in world class certifiable electric powertrain • Vertical Energy Centre – 15,000 sq ft facility; one of world’s first aviation battery centres • Secured Molicel P45B cylindrical cells
Slide 19: Targeting 2026 certification
P IO NEERING EL ECTRIC AVIATIO N Targeting 2026 certification Certainty / Realistic path to certification in 2026 – validation begun with five leading global regulators 2023 2024 2025 2026 Technology maturation, risk mitigation, Prototype flight campaigns CONOPS validation and demos Preliminary Crit
Slide 20: 2024: a definitive year
P IO NEERING EL ECTRIC AVIATIO N 2024: a definitive year Build & Fly Finalise Fund Demonstrate our aircraft Finalise design – drive towards Leverage robust flight test through robust flight test certification – contract with campaign to raise additional campaign key certification suppliers capital,
Slide 21: De-risking our business model
P IO NEERING EL ECTRIC AVIATIO N De-risking our business model Certainty / A Solid investment Case First flights Piloted Conforming – full scale transition aircraft Risk Q2 ’23 2023 2024 2025 Confidential. ©Vertical Aerospace Group Ltd 2024. All rights reserved. 22
Slide 22: Pioneering Electric Aviation
Pioneering Electric Aviation Confidential. ©Vertical Aerospace Group Ltd 2024. All rights reserved. 23
Slide 23: Thank You
Thank You www.vertical-aerospace.com
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