Eve Holding, Inc. · NYSE:EVEX
Eve — Q1 2024 Earnings Presentation
12 slides from Eve's earnings presentation, May 7, 2024
Slide 1: 1Q24 Eve Update
1Q24 EVE UPDATE MAY 07, 2024
Slide 2: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS FULL-SCALE PROTOTYPE UPDATE: ON TIME • Wing and empennage connected to the fuselage structure • Assembly of pylons and nacelles into wing; installation of composite fuselage “skin” • Upcoming wind-tunnel tests with rotors on ABOVE 90% OF SUPPLIERS SELECTED • KAI (Korea Ae
Slide 3: Full-Scale Prototype Update
FULL-SCALE PROTOTYPE UPDATE This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 3
Slide 4: Full-Scale Prototype Update: Aft View of Wing, Pylon & Nacelle
FULL-SCALE PROTOTYPE UPDATE AFT VIEW OF PROTOTYPE WING, PYLON & NACELLE, STARBOARD SIDE FULL-SCALE PROTOTYPE ASSEMBLY ADVANCES AT FULL SPEED This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 4
Slide 5: Full-Scale Prototype Update: Composite Fuselage Skin
FULL-SCALE PROTOTYPE UPDATE COMPOSITE FUSELAGE “SKIN”, WING, PYLONS AND NACELLES, STARBOARD SIDE EVE AND EMBRAER TEAMS WORKING AT BRAZIL’S GPX FACILITY This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 5
Slide 6: Suppliers Selection: >90% of Component Value Purchased
SUPPLIERS SELECTION >90% OF COMPONENT VALUE PURCHASED Control Surfaces & Empennages Propeller Rotors Battery Actuators Flight Control Computers Engines Pilot Controls Wings Thermal Management Air Sensors Seats Guidance & Pylons Avionics Navigation 2024 ANNOUNCEMENTS This information belongs to Eve a
Slide 7: Demonstration at Airspace World – Geneva
DEMONSTRATION AT AIRSPACE WORLD – GENEVA (SWITZERLAND) Agnostic software for Air Traffic Control and Eve Vector Fleet & Vertiport Operator Searidge Digital Altitude Angel network management Solution Tower Solution UTM Solution Focus on fleet / vertiport operators and Air Navigation Service Providers
Slide 8: AirX Signed LOI for eVTOLs, Service & Support, Vector
AIRX SIGNED LOI FOR: 50 EVTOLS SERVICE & SUPPORT VECTOR URBAN ATM SOFTWARE AirX launched the first eVTOL test field, the UAM Centre, which will revolutionize air travel in the Tokyo metropolitan area This information belongs to Eve and cannot be used or reproduced without written permission from the
Slide 9: eVTOL, Vector & Services Deals
eVTOL, VECTOR & SERVICES DEALS Letters of Intent for up to 30 eVTOL customers in 13 countries 16 Vector customers & partners in 4 continents 2,900 12 Services & Operations Solutions customers in 8 countries eVTOL AIRCRAFT $14.5 Bi* SERVICES POTENTIAL REVENUE 30 50 60 50 $935 Mi 100 200 200 200 200 2
Slide 10: Financial Performance
FINANCIAL PERFORMANCE USD millions 1Q24 1Q23 INCOME STATEMENT Research & Development (R&D) (27.5) (21.5) Selling, General & Administrative (SG&A) (6.5) (6.2) Change in Fair Value of Derivative Liabilities 6.3 (2.2) Interest Income / Other Non-Operating Expenses, net 2.9 4.3 Net Earnings / (Loss) (25
Slide 11: 2024 Milestones and Outlook
2024 MILESTONES AND OUTLOOK CONCLUDE FIRST PROTOTYPE AIRFRAME ASSEMBLY (1H24) INITIATE AND PROGRESS PROTOTYPE TESTS (2H24) DEFINITION OF CERTIFICATION BASIS AND MEANS OF COMPLIANCE DEFINE CONFIGURATION OF EVTOL FACTORY; SECURE MANUFACTURING FINANCE $ 2024 TOTAL CASH CONSUMPTION BETWEEN $130 AND $170
Slide 12: Thank You!
THANK YOU! This information belongs to Eve and cannot be used or reproduced without written permission from the Company.