Eve Holding, Inc. · NYSE:EVEX
Eve — Q2 2024 Earnings Presentation
14 slides from Eve's earnings presentation, Aug 6, 2024
Slide 1: 2Q24 Eve Update
2Q24 EVE UPDATE AUGUST 06, 2024
Slide 2: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS eVTOL ROLL-OUT (JULY 3RD) • Full-scale eVTOL presented in Brazil on July 3rd • Remote piloted and removable skin panels for easy access to internal equipment • Several tests to follow including ground tests, hover, partial & full transition to cruise flight UNPARALLELED I
Slide 3: eVTOL Roll-out on July 3rd
eVTOL ROLL-OUT ON JULY 3RD Engineering prototype – Validate and improve accuracy of models created based on data from sub-scale flight models, labs, rigs and numerical simulations Ground and flight tests will be performed at Gavião Peixoto Embraer Facility (GPX) in Brazil This information belongs to
Slide 4: eVTOL Tailored for Urban Air Mobility
eVTOL TAILORED FOR URBAN AIR MOBILITY Similar dimensions of 4-passenger helicopters – 50ft (15.2m) wingspan; 33ft (10.3m) 100km (60 miles) range at EIS addresses 99% of UAM missions This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 4
Slide 5: eVTOL Roll-out: Optimal for Urban Mobility
eVTOL ROLL-OUT: OPTIMAL FOR URBAN MOBILITY 8 counter-rotating lifters (for controllability and high safely levels) Simple Lift + Cruise design – 8 lifters, 1 pusher Simplifies maintenance, lowers operating costs, increases dispatch rate, potentially clearer path to certification 5th generation fly b
Slide 6: eVTOL Roll-out: Engineering prototype upcoming steps
eVTOL ROLL-OUT Engineering prototype upcoming steps • Multiple integrated ground tests to validate thrust, energy consumption, systems functionalities, sound and vibration • Hover flights, for in-ground effect (IGE) and out-of-ground (OGE) characterization and assessments • Partial transition (with
Slide 7: Unparalleled Infrastructure - GPX Site
UNPARALLEL INFRASTRUCTURE - GPX SITE GPX site in Brazil to host Eve’s flight tests Simulate actual conditions to which rotors with state-of-the-art infrastructure will be subjected in flight This information belongs to Eve and cannot be used or reproduced without written permission from the Company.
Slide 8: Unparalleled Infrastructure - Remote Control
UNPARALLEL INFRASTRUCTURE - REMOTE CONTROL Custom-built to command-and-control prototype Telemetry and video capabilities, with real-time flight, with minimal pilot-eVTOL latency data for real-time analysis by team onboard This information belongs to Eve and cannot be used or reproduced without writ
Slide 9: 100% of Primary Component Suppliers Selected
100% OF PRIMARY COMPONENT SUPPLIERS SELECTED Control Surfaces & Empennages Propeller Rotors Fuselage Seats Components Battery Actuators Avionics Flight Control Engines Computers Thermal Pilot Controls Management Wings Air Sensors Power Distribution Guidance & System Navigation Pylons KASIGLAS Polyca
Slide 10: eVTOL, Services & Vector Pre-Deals
eVTOL, SERVICES & VECTOR PRE-DEALS 30 eVTOL 14 SERVICES & OPS 17 VECTOR customers in customers & partners in customers & partners in 2,900 13 countries 9 countries 9 countries eVTOL AIRCRAFT $14.5B * PRE-ORDER BOOK VALUE *Based on current List Price $1.2B SERVICES POTENTIAL REVENUE This information
Slide 11: Financial Performance
FINANCIAL PERFORMANCE USD MILLIONS 2Q24 2Q23 1H24 1H23 INCOME STATEMENT Research & Development (R&D) (36.3) (21.8) (63.8) (43.3) Selling, General & Administrative (SG&A) (5.4) (6.6) (11.9) (12.8) Change in fair value of derivative liabilities 2.1 (6.8) 8.4 (9.0) Interest Income / Other Non-Operating
Slide 12: Additional Liquidity
ADDITIONAL LIQUIDITY NEW EQUITY SECURED FOR eVTOL DEVELOPMENT ($95.6M) $ • Private Placement brings $95.6mn in new funding • 2Q24 pro-forma liquidity at ~$340 million with new equity NEW AND EXISTING PARTNERS CONTINUE TO FUND EVE’S DEVELOPMENT • Mix of existing and new investors including strategics
Slide 13: 2024 Milestones and Outlook
2024 MILESTONES AND OUTLOOK CONCLUDE FIRST PROTOTYPE AIRFRAME ASSEMBLY (1H24) INITIATE AND PROGRESS PROTOTYPE TESTS (2H24) DEFINE CERTIFICATION BASIS AND MEANS OF COMPLIANCE DEFINE CONFIGURATION OF eVTOL FACTORY; SECURE MANUFACTURING FINANCE $ ACHIEVE 2024 TOTAL CASH CONSUMPTION BETWEEN $130 AND $17
Slide 14: Thank You!
THANK YOU! This information belongs to Eve and cannot be used or reproduced without written permission from the Company.