Slide 1: 2Q26 Earnings Presentation
2Q26 Earnings Presentation August 12, 2026
Slide 2: Legal Disclaimer
Legal Disclaimer Unless otherwise specified, financial information and other data in this presentation is presented as of June 30, 2026. BETA’s historical results are not necessarily indicative of the results that may be expected in the future. Forward-Looking Statements This presentation contains f
Slide 3: ALIA CTOL demonstrates low-cost regional air mobility in Hawaii
ALIA CTOL demonstrates low-cost regional air mobility in Hawaii 33
Slide 4: BETA at the Farnborough International Airshow 2026
BETA at the Farnborough International Airshow 2026 44
Slide 5: MV250 leverages BETA's enabling technologies platform and partnerships with GE Aerospace and Sikorsky
MV250 leverages BETA’s enabling technologies platform and partnerships with GE Aerospace and Sikorsky 55
Slide 6: Electric Powertrain Flight Demonstrator (EPFD) in partnership with GE Aerospace
Electric Powertrain Flight Demonstrator (EPFD) in partnership with GE Aerospace 66
Slide 7: ALIA CTOL takes part in Exercise Aurora 2026 in Sweden
ALIA CTOL takes part in Exercise Aurora 2026 in Sweden 77
Slide 8: Transportation Secretary Sean Duffy departs on historic eVTOL flight
Transportation Secretary Sean Duffy departs on historic eVTOL flight 88
Slide 9: BETA completes first flight in eVTOL Integration Pilot Program (eIPP)
BETA completes first flight in eVTOL Integration Pilot Program (eIPP) 99
Slide 10: Key Performance Indicators: KPI Updates – Building to Certification
Key Performance Indicators KPI Updates – Building to Certification 1 2 ~$3.9B >$4B 190,000 250,000 Current End of Year 2026 Current End of Year 2026 AIRCRAFT BACKLOG NAUTICAL MILES FLOWN 5 FIRM & OPTION ORDERS BY BETA AIRCRAFT Certification 3 4 138 150 THREE PROGRAMS Distinct and Enabling 0.5/Mo 4.5
Slide 11: Loganair signs term sheet for ALIA CTOL aircraft to bring electric aviation to Scotland
Loganair signs term sheet for ALIA CTOL aircraft to bring electric aviation to Scotland 11
Slide 12: BETA fleet crosses 190,000 nautical miles flown
BETA fleet crosses Real-world 190,000 nautical demonstrations miles and flight flown testing accelerate nautical miles flown 12 12
Slide 13: Charging network grows to 138 sites across the United States and abroad
Charging network grows to 138 sites across the United States and abroad 13
Slide 14: Conforming builds advance certification readiness
Conforming builds advance certification readiness 14
Slide 15: H500A Engine Certification
Key Performance Indicators H500A Engine Certification 5 Phase 1 Conceptual Design 100% Phase 2 Requirements 100% Definition Phase 3 Compliance 96% Planning 1Q26 Phase 4 Implementation 43% 1Q26 1515
Slide 16: ALIA CTOL (CX300) Certification
Key Performance Indicators ALIA CTOL (CX300) Certification 5 Phase 1 Conceptual Design 100% Phase 2 Requirements Certification Basis 100% Definition Means of Compliance 100% 1Q26 Phase 3 Compliance 89% Planning 1Q26 Phase 4 Implementation 3% 1616
Slide 17: ALIA VTOL (A250) Certification
Key Performance Indicators ALIA VTOL (A250) Certification 5 Phase 1 Conceptual Design 100% Phase 2 Requirements Certification Basis 100% Definition Means of Compliance 0% Phase 3 Compliance 6% Planning Phase 4 Implementation 0% 17 17
Slide 18: 18
18
Slide 19: Second Quarter 2026 Financial Results
Financial Results Second Quarter 2026 Financial Results Thousands, USD 1 Revenue R&D Spend Adjusted EBITDA $14,658 $122,365 $58,035 ($68,394) $5,966 ($109,810) 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 Supporting MV250 launch, IP R&D for Strong sales execution, Continued disciplined of capital AI acquisition ad
Slide 20: Second Quarter 2026 Financial Results
Financial Results Second Quarter 2026 Financial Results Thousands, USD Cash Balance Capital Expenditures1 $1,479,470 $41,113 $6,025 $174,531 2Q25 2Q26 2Q25 2Q26 Strong liquidity providing flexibility for Disciplined CapEx spend focused on strategic investments capabilities required to scale 1 Repres
Slide 21: 2026 Annual Guidance Summary
Guidance 2026 Annual Guidance Summary Metric Previous Current Revenue $39 – $43 Million $42 – $50 Million Adjusted EBITDA1 ($355) – ($445) Million ($400) – ($445) Million Capital Expenditures $150 – $200 Million $150 – $200 Million 1 Non-GAAP measure. A reconciliation of non-GAAP financial measures
Slide 22: 22
22
Slide 23: Simplified Profit & Loss
Financial Results Simplified Profit & Loss Thousands, USD Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenue $ 14,658 $ 5,966 $ 24,791 $ 15,565 Gross margin $ 8,021 $ 4,776 $ 13,853 $ 12,637 Operating expenses $ 166,139 $ 84,096 $ 304,928 $ 169,974 Loss from operations
Slide 24: Non-GAAP Reconciliation
Financial Results Non-GAAP Reconciliation Thousands, USD Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Net loss $ (148,753) $ (80,416) $ (271,062) $ (158,694) Increase (decrease) as adjusted for: Interest income $ (13,293) $ (2,023) $ (27,774) $ (4,720) Interest expense $