Vertical Aerospace Ltd. · NYSE:EVTL

Vertical Aerospace — Q1 2026 Earnings Presentation

17 slides from Vertical Aerospace's earnings presentation, May 6, 2026

Slide 2: Forward-Looking Statements Disclaimer
Forward - Looking Statements In addition, projections, assumptions and estimates of the future performance of Disclaimer This presentation contains forward - looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current the industry in
Slide 3: Today's Presenters
Today’s Presenters Dómhnal Stuart Simon David Slattery Simpson Davies King 1Q 2026 Earnings Deck Chair CEO Chief Test Pilot Chief Engineer Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 3
Slide 4: Today's Agenda
Today’s Agenda 1. Transition Flight Test: Complete 2. Critical Design Review 3. Outlook & Financials 1Q 2026 Earnings Deck Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 4
Slide 5: Slide 5
Slide 8: Prototype Flight Testing Completed with Piloted Transition Milestone
Prototype Flight Testing Completed with Piloted Transition Milestone 1 2 3 4 5 Phase Tethered Thrustborne Wingborne Transition Demonstration Achieved: July 2024 Achieved: February 2025 Achieved: September 2025 Achieved: April 2026 Upcoming Envelope Altitude Speed Altitude Speed Altitude Speed Altitu
Slide 10: On Track for Critical Design Review – Next De-Risking Milestone
On Track for Critical Design Review (“CDR”) – Next De - Risking Milestone Aircraft - level validation to confirm readiness for fabrication, integration, and certification execution Why CDR Matters: Establishes Aligns engineering, Unlocks build, test, 1 certifiable 2 supply chain 3 and certification
Slide 11: Integrated Partner Ecosystem – Aligned for Execution at CDR
Integrated Partner Ecosystem – Aligned for Execution at CDR CDR formalizes the partner ecosystem – enabling coordinated execution across build, test, and certification Supply Chain & Manufacturing Customers & Commercial Equity Investor Equity Investor Equity Investor 1Q 2026 Earnings Deck Complement
Slide 12: Vertical Has a Clearly-defined Path to Certification
Vertical Has a Clearly - defined Path to Certification 2025 2026 2027 2028 2029 Preliminary Critical Design Type Certificate Design Review Review Prototype aircraft Certification aircraft Customer aircraft & flight test fleet delivery ramp - up Fatigue test Stress test Rig & systems integration dev
Slide 14: March 2026 Financing Package at-a-Glance
March 2026 Equity block Financing Package at - a- Glance Package enables Vertical $ 50 mm • $50mm equity block sold off the ATM facility to access up to $850mm capital – supporting Convertible debt 50 mm achievement of key strategic milestones • $50mm additional Convertible Senior Secured through ce
Slide 15: Financials and Funding
Financials and Funding Net cash used in operating activities First Quarter 2026 12 months from May 6, 2026 $47mm / £36mm $180mm - $200mm / £135mm - £145mm Cash & cash equivalents March 31, 2026 May 6, 2026 $96mm / £73mm $102mm / £77mm Anticipated near - term receipts (as of May 6, 2026) R&D Tax Reli
Slide 16: 2026 Operational Targets
2026 Operational Targets Vertical is Well - Positioned to Achieve Flightpath 2030 Fly Aircraft 3 eVTOL then retrofit Complete Critical Design Review (“CDR”) Fly at Farnborough Airshow to hybrid turbo - generator Prepare assembly of first Open Vertical Energy Centre 2 and pilot Announce high - rate a

Vertical Aerospace — Q1 2026 Earnings Presentation on 6ix

Vertical Aerospace — Q1 2026 Earnings Presentation

Slide 1: Q1 2026 Business & Strategy Update

Slide 2: Forward-Looking Statements Disclaimer

Slide 3: Today's Presenters

Slide 4: Today's Agenda

Slide 5: Slide 5

Slide 6: 1. Transition Flight Test: Complete

Slide 7: REPLACE FOR NEW IMAGE

Slide 8: Prototype Flight Testing Completed with Piloted Transition Milestone

Slide 9: 2. Critical Design Review

Slide 10: On Track for Critical Design Review – Next De-Risking Milestone

Slide 11: Integrated Partner Ecosystem – Aligned for Execution at CDR

Slide 12: Vertical Has a Clearly-defined Path to Certification

Slide 13: 03. Outlook & Financials

Slide 14: March 2026 Financing Package at-a-Glance

Slide 15: Financials and Funding

Slide 16: 2026 Operational Targets

Slide 17: Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved.