Vertical Aerospace Ltd. · NYSE:EVTL

Vertical Aerospace — 46th Cowen Aerospace & Defense Conference 2025

18 slides from Vertical Aerospace's conference presentation, February 2025

  1. Slide 1: Vertical

    VERTICAL”

  2. Slide 2: Vertical Aerospace 46th Cowen A&D Conference

    4 6 th C o w e n A & D C o n f e r e n c e Vertical Aerospace 46th Cowen A&D Conference February 2025 ©VerticalAerospace Group Ltd 2025. All rights reserved.

  3. Slide 3: Disclaimer

    4 6 th C o w e n A & D C o n f e r e n c e Disclaimer The following presentation, the information communicated during any delivery of the presentation and any question and answer session and any other materials distributed at or in connection with the presentation (collectively, this “presentation”)

  4. Slide 4: Recent Actions Proactively Address Significant Investment Headwinds and Support 2025 Goals

    4 6 th C o w e n A & D C o n f e r e n c e Recent Actions Proactively Address Significant Investment Headwinds and Support 2025 Goals Investment Headwinds Addressed Clearing the Path to Take-Off $130m transaction completed December 2024 50% Equitized; Conversion Rate of Remaining Fixed and Maturity

  5. Slide 5: The Vertical Investment Opportunity

    4 6 th C o w e n A & D C o n f e r e n c e The Vertical Investment Opportunity 1 Large Projected Global TAM Advanced Air Mobility (AAM) and Urban Air Mobility (UAM) combined TAM of ~$1 trillion estimated by 2040(1) 2 Large and Diversified Order Book MOUs in place for ~1,500 aircraft with 12 globally

  6. Slide 6: The eVTOL Market is at a Tipping Point with Significant Investment Behind It

    4 6 th C o w e n A & D C o n f e r e n c e The eVTOL Market is at a Tipping Point with Significant Investment Behind It Combined eVTOL Market Cap of >$10B(1) • Archer Aviation Raises $430 Million, Including United Airlines(2) Recent Market Activity $1.4B+ • BETA Technologies Raises $318 Million, Anc

  7. Slide 7: Compelling Global TAM Expected to be Driven by Continued Urbanization

    4 6 th C o w e n A & D C o n f e r e n c e Compelling Global TAM Expected to be Driven by Continued Urbanization Leading to Increasingly Gridlocked Ground Congestion Population Growth Infrastructure Limits Urban Movement The population of the world’s Population growth, increasingly in urban As megac

  8. Slide 8: Vertical is Focused on Alleviating Congestion and Making UAM More Accessible

    4 6 th C o w e n A & D C o n f e r e n c e Vertical is Focused on Alleviating Congestion and Making UAM More Accessible New York London VX4 VX4 Uber Black Uber Black Distance: 20 mi Distance: 27 mi Time: 80 min(1) Time: 60 min(1) Manhattan Rail Downtown Distance: N/A Heliport Time: 159 min(1) Rail D

  9. Slide 9: The VX4 Expected to Provide the Speed and Convenience of a Helicopter at Costs on Par with an Uber Black

    4 6 th C o w e n A & D C o n f e r e n c e The VX4 Expected to Provide the Speed and Convenience of a Helicopter at Costs on Par with an Uber Black VX4 Helicopter Uber Black ~70% More Highly variable Operating Costs Operating cost reduction vs helicopter(1) Maintenance and other operational costs(1)

  10. Slide 10: Pure-Play OEM and World-Class Partnerships Drive Progress and Leading Capital Efficiency

    4 6 th C o w e n A & D C o n f e r e n c e Pure-Play OEM and World-Class Partnerships Drive Progress and Leading Capital Efficiency to Deliver for Globally Diversified Customers Suppliers(1) Customers(1,2) Pure-Play OEM Capital Efficiency with Industry-Leading Results “Highly capital efficient path

  11. Slide 11: Capital Efficiency as Progress Toward Commercialization

    4 6 th C o w e n A & D C o n f e r e n c e (1) Capital Efficiency as Progress Toward Commercialization $1.3B $1.2B $353M Company A Company B Progress to Date Piloted Full-Scale Flight Conducted Piloted Full-Scale Flight Conducted Unpiloted Full-Scale Flight Conducted Last Funding Date January 24, 20

  12. Slide 12: Vertical is Developing the Best-In-Class eVTOL

    4 6 th C o w e n A & D C o n f e r e n c e Vertical is Developing the Best-In-Class eVTOL Key Attributes Unique to the VX4 Highest Levels of Safety in Aviation Safety 10-9 Equivalent to Large Commercial Aircraft In UK & Europe = Certification Approach Globally Portable(1) 4 passengers, scaling to 6

  13. Slide 13: Innovative and Proprietary Aviation Battery Technology Designed to Drive High Margin

    4 6 th C o w e n A & D C o n f e r e n c e Innovative and Proprietary Aviation Battery Technology Designed to Drive High Margin, with ~50/50 Revenue Mix Between Aircraft and Battery Sales Long-term, High-Margin Recurring Revenue Opportunity Vertical expects to be the sole source for battery replacem

  14. Slide 14: Vertical's 2025 Piloted Prototype Flight Test Campaign Provides Confidence in 2028 Certification

    4 6 th C o w e n A & D C o n f e r e n c e Vertical’s 2025 Piloted Prototype Flight Test Campaign Provides Confidence in 2028 Certification Vertical’s compliance with the UK Civil Aviation Authority’s (CAA’s) Permit to Fly regime for the piloted flight tests serves as a mini-certification process an

  15. Slide 15: Flightpath 2030

    4 6 th C o w e n A & D C o n f e r e n c e Flightpath 2030 Vision It’s About Time: Transforming How the World Moves Mission Pioneering Electric Aviation Strategic Intents Redefining Aerospace Intelligent Safety Pioneering Culture Best Practice Partnering Obsessed >200-unit pa Cash break-even and Goa

  16. Slide 16: Defined 2025 Operational Milestones

    4 6 th C o w e n A & D C o n f e r e n c e Defined 2025 Operational Milestones Fly full-scale piloted wingborne Flyfull-scale Fly full-scalepiloted pilotedflights flightsinin Initiateproduction Initiate productionwith withlong- long- Fly andfull-scale piloted transition transition real-world use cas

  17. Slide 17: The Vertical Investment Opportunity

    4 6 th C o w e n A & D C o n f e r e n c e The Vertical Investment Opportunity 1 Large Projected Global TAM Advanced Air Mobility (AAM) and Urban Air Mobility (UAM) combined TAM of ~$1 trillion estimated by 2040(1) 2 Large and Diversified Order Book MOUs in place for ~1,500 aircraft with 12 globally

  18. Slide 18: Investors@vertical-aerospace.com

    4 6 th C o w e n A & D C o n f e r e n c e Investors@vertical-aerospace.com ©VerticalAerospace Group Ltd 2025. All rights reserved. 19

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