Slide 1: 2025 Full Year Earnings
2025 Full Year Earnings Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved.
Slide 2: Disclaimer
Disclaimer The following presentation has been prepared by Vertical Aerospace Ltd. Any express or implied statements contained in this presentation that are not Confidentiality (“Vertical,” “Company,” “we” or “our”). This presentation may not be reproduced or statements of historical fact may be dee
Slide 3: Today’s presenters
Today’s presenters Dómhnal Stuart David Slattery Simpson King Chair CEO Chief Engineer Pioneering Electric Aviation Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 3
Slide 4: Pioneering Electric Aviation
5 Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. ©VerticalAerospace Group Ltd 2025. All rights reserved.
Slide 5: Today’s Agenda
Today’s Agenda 01 Valo: Industry-defining Electric Aircraft 02 Flight Test Progress 03 Battery-as-a-Service 04 Financial Snapshot & 2026 Outlook Pioneering Electric Aviation Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 5
Slide 6: Valo: Industry-Leading Aircraft
01. Valo: Industry- Leading Aircraft Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved.
Slide 7: Valo: Best-in-class Aircraft
Valo: Best-in-class Aircraft Speed: 150mph Midtown Manhattan to JFK in 7mins Pilot Safety: Critical barrier between pilot and cabin, with separate doors Capacity: one pilot + observer seat 4-6 passengers, with cabin separation Industry-leading airframe size for mission Range: 100mi (electric) Luggag
Slide 8: Industry’s largest cabin fits four passengers in club configuration
Industry’s largest cabin fits four passengers in club configuration… Luggage Space for 6 Checked Bags + 6 Carry-Ons Barrier for Pilot Safety Spacious 4 Passenger Business Class Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. Cabin Configuration 8
Slide 9: Six passenger cabin: Revenue +50%, 2x Profitability
Industry’s largest to …and scalability cabin fits four in luxury six passengers configuration… – doubling operator profit 6 Passenger Cabin Revenue +50% 2x Profitability Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 9
Slide 10: Aircraft immediately available for first responder and cargo
Aircraft immediately available for first responder and cargo… Interior offers 180.1ft3 of Cargo Space Spacious Cabin Ideal for Configuration with Medical Equipment Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 10
Slide 11: ...and paving the way for defense and autonomous
…and paving the way for defense and autonomous Gas Turbine Hybrid Can Fit Six to Eight Fully Autonomous Capabilities Allows for Contested Logistics and Resupply 208.0ft3 Volume Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. 11
Slide 12: Valo is designed with tier-one aerospace partners
Valo is designed with tier-one aerospace Avionics and Flight Controls Electric Propulsion Unit (EPU) Blade Tilt Mechanism and Electromechanical Actuators Airframe Composite Materials Battery Cells for Vertical’s 3D Experience proprietary battery packs Platform on the cloud ©Vertical Aerospace Group
Slide 13: Flight Test Progress
02. Flight Test Progress Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved.
Slide 14: Vertical Aerospace Group Ltd.
5 Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. ©VerticalAerospace Group Ltd 2025. All rights reserved.
Slide 15: Vertical Aerospace Group Ltd.
©Vertical Aerospace Group Ltd 2026. All rights reserved.
Slide 16: Well-defined certification path in close cooperation with CAA and EASA
Well-defined certification path in close cooperation with CAA and EASA Transparent, Published SC-VTOL Framework Fully published list of requirements and means Consistent airliner-level safety of compliance MOC) criteria standards for global certification reach Crystal clear pass / fail criteria for
Slide 17: 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 Pioneering Electric Aviation Proto
Slide 18: Battery-as-a-Service
03. Battery-as-a-Service Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved.
Slide 19: Vertical’s world-class battery technology generates a multi-year aftermarket revenue opportunity
Vertical’s world-class battery technology generates a multi-year aftermarket revenue opportunity Battery-as-a-Service: uniquely developed and controlled by Vertical Proprietary technology integrating cells into aerospace-grade battery packs at Vertical’s world-class energy center Battery replaced 1
Slide 20: Every Valo aircraft sold delivers recurring revenue from 20x battery replacements
Every Valo aircraft sold delivers recurring revenue from 20x battery replacements over aircraft life Revenue $MM Multiples Initial Sale Revenue Opportunity + Second Life Revenue Opportunities 2 20x 40% 1x Battery Replacements Over Aircraft Life & Aftermarket Gross Margins Pioneering Electric Avia
Slide 21: Financial Snapshot & 2026 Outlook
04. Financial Snapshot & 2026 Outlook Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved.
Slide 22: We execute on our stated goals
We execute on our stated goals. 2025 operational performance: all key milestones achieved or in progress Vertical is Well-Positioned to Achieve Flightpath 2030 Fly full-scale piloted wingborne Fly full-scale piloted transition Build third full-scale VX4 prototype Fly full-scale piloted flights in re
Slide 23: Significant momentum since the start of the year
Significant momentum since the start of the year Meaningful New customers Launching Valo partnerships London New York Miami Atlanta Adding to our $6bn+ order book Strides in artificial intelligence Customer network Securing announcements supply chain • Further leveraging our relationship with Dassau
Slide 24: 2026 operational targets
2026 operational targets Aircraft Industrialization Commercialization • Flying at Farnborough Airshow • Vertical Energy Centre 2 open • Further demonstrate DOA privileges • Critical Design Review completed • Pilot aircraft production facility open • Deepen understanding of Valo with international av
Slide 25: Financials and funding
Financials and funding Net cash used in operating activities Full-year 2025 12 months from March 24, 2026 $112mm / £83mm $195mm / £145mm Cash & cash equivalents December 31, 2025 March 24, 2026 $93mm / £69mm $58mm / £43mm Anticipated near-term receipts (as at March 24, 2026 R&D Tax Relief Governmen
Slide 26: ©Vertical Aerospace Group Ltd 2026. All rights reserved.
©Vertical Aerospace Group Ltd 2026. All rights reserved.