Eve Holding, Inc. · NYSE:EVEX
Eve — Q1 2025 Earnings Presentation
14 slides from Eve's earnings presentation, May 12, 2025
Slide 1: 1Q25 Eve Update
1Q25 EVE UPDATE MAY 12, 2025
Slide 2: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS FULL-SCALE PROTOTYPE GETTING READY FOR 1ST FLIGHT • Full-scale prototype ground tests • Pusher motors successfully tested and installed • Lifters being tested and shipped – installation shortly CONTINUOUS ENHANCEMENT WITH IRON BIRD, RIGS, SIMULATION INCREASED SUPPLIERS’ E
Slide 3: Prototype Preparing for 1st Flight
PROTOTYPE PREPARING FOR 1st FLIGHT GROUND VIBRATION TEST (GVT): Measure structural dynamics and vibration HIGH INTENSITY RADIATED FIELD (HIRF): Insulation from electromagnetic interference AIR-DATA SYSTEM (ADS): Radio altimeter, GPS, inertial systems equipment calibration PROTOTYPE/REMOTE PILOT STAT
Slide 4: Full-Scale Prototype Engine Progress
FULL-SCALE PROTOTYPE ENGINE PROGRESS FINAL LIFTER TESTS BEFORE UPCOMING FIRST FLIGHT MOTOR TESTS PRIOR TO PROTOTYPE INSTALLATION This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 4
Slide 5: Continuous Ground Tests
CONTINUOUS GROUND TESTS RIG THERMAL IRON BIRD MANAGEMENT SYSTEM RIG MOTOR RIG BATERY This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 5
Slide 6: Flight Simulator for Engineering Development
FLIGHT SIMULATOR FOR ENGINEERING DEVELOPMENT • Test the development of control laws • Evaluate the development of flight controls • Simulate the integrated behavior of systems • Evaluate pilot ergonomics to define best piloting during operation arrangement This information belongs to Eve and cannot
Slide 7: Digital Mockup – Structures & Systems
DIGITAL MOCKUP – STRUCTURES & SYSTEMS 1 PILOT LUGGAGE RACK 4 PASSENGERS BATERY COMPARTMENT This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 7
Slide 8: Suppliers Engaged for Conforming Vehicle
SUPPLIERS ENGAGED FOR CONFORMING VEHICLE This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 8
Slide 9: Suppliers Engaged for Conforming Vehicle
SUPPLIERS ENGAGED FOR CONFORMING VEHICLE SEAT BY RECARO ACTUATOR BY LIEBHERR EVE AT EMBRAER SUPLIERS’ CONFERENCE 2025 EXTERIOR LIGHTING BY HONEYWELL WINDSHIELD BY KASIGLAS This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 9
Slide 10: Infrastructure for Conforming Prototype
INFRASTRUCTURE FOR CONFORMING PROTOTYPE São José dos Campos, Brazil Embraer site Hangar ready for tooling, machinery and equipment, to assemble conforming prototypes This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 10
Slide 11: eVTOL, Services & Vector Customers
eVTOL, SERVICES & VECTOR CUSTOMERS* eVTOL SERVICES & SUPPORT AIR TRAFFIC CONTROL (EVE-100) (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 i
Slide 12: Financial Performance
FINANCIAL PERFORMANCE USD millions 1Q25 1Q24 INCOME STATEMENT Research & Development (R&D) (44.7) (27.5) Selling, General & Administrative (SG&A) (7.9) (6.5) Change in fair value of derivative liabilities 3.3 6.3 Interest Income / Other Non-Operating Expenses, net (0.1) 2.9 Net Earnings / (Loss) (48
Slide 13: 2025 Milestones
2025 MILESTONES on FULL-SCALE PROTOTYPE FIRST FLIGHT AND START OF FLIGHT TESTS track on ALIGNMENT OF DETAILED CERTIFICATION PLAN WITH ANAC (BRAZIL) AND FAA (US) track on INITIAL PRODUCTION OF CERTIFICATION PROTOTYPE track on PREPARATION OF eVTOL MANUFACTURING AND TESTING FACILITIES track $ 2025 TOTA
Slide 14: Up and Forward!
UP AND FORWARD! This information belongs to Eve and cannot be used or reproduced without written permission from the Company.