Eve Holding, Inc. · NYSE:EVEX
Eve — Investor Presentation (May 2024)
27 slides from Eve's investor presentation, May 2024
Slide 1: Eve Air Mobility
EVE AIR MOBILITY MAY 2024
Slide 2: Video
VIDEO https://www.youtube.com/watch?v=G-zYYCkNi0U
Slide 3: Eve a Leader in Urban Air Mobility
EVE A LEADER IN URBAN AIR MOBILITY Aerospace expertise with full access to Embraer’s Intellectual Property (IP) Robust design (Lift + Cruise): lower operating cost, higher dispatchability, Specialized manufacturing & engineering and clear path to certification capabilities at attractive costs Experi
Slide 4: Embraer – Global Aviation Leader
Strategic Support Leveraging 50+ years of aviation experience; 30+ models certified over the last 25 years Embraer – Global Aviation Leader Access to World-Class Capabilities Royalty-Free IP; ~1,600 engineers; infrastructure and cost- competitive production capabilities; competitive labor costs are
Slide 5: Design Optimized for Urban Mobility
DESIGN OPTIMIZED FOR URBAN MOBILITY Flexible seating capacity Tailored for urban mobility 4 passengers at EIS, up to 6 in 100 km (60 mile) range at EIS addresses autonomous configuration 99% of UAM missions High utilization rate Unmatched cost efficiency Designed for thousands flight cycles per Over
Slide 6: Most Practical Design Choice for UAM Missions
MOST PRACTICAL DESIGN CHOICE FOR UAM MISSIONS LIFT + CRUISE TILT ROTOR VECTORED FAN MULTI-ROTOR • Simple design • High speed • Efficient cruising • Efficient takeoff and • High reliability • Long range • Long range landing • Straightforward to certify • Simplest to certify • Quiet in cruise mode • C
Slide 7: Proven Technology and Innovation
PROVEN TECHNOLOGY AND INNOVATION Rotors Propeller Horizontal & Patented eight counter- Vertical Tail rotating rotors provide ample redundancy with dissimilarities Engines Bespoke inceptors, optimizing Battery man-machine interface Flight Control Computers Highest certification standards for safety-c
Slide 8: Similar Dimensions to a Helicopter
SIMILAR DIMENSIONS TO A HELICOPTER 50FT / 15.20m 11FT / 3.30m 0m BELL 505 33FT / 10.30m BELL 505 0m This presentation contains information involving assumptions, projections and estimates which are subject to future changes. No representation is made as to the accuracy of any data, numbers or modeli
Slide 9: eVTOL Cabin
EVTOL SHORTLISTED 2023 CABIN SECRET This information belongs to Eve and cannot be used or reproduced without written permission from the INFORMATION This information belongs to Eve and cannot be used or reproduced without written permission from the Company. Company. 9
Slide 10: Potential of UAM in Major Urban Areas
POTENTIAL OF UAM IN MAJOR URBAN AREAS RIO DE JANEIRO CHICAGO LOS ANGELES 245 eVTOLS 240 eVTOLS 390 eVTOLS 37 Vertiports 30 Vertiports 38 Vertiports 100+ Routes 120+ Routes 150+ Routes 4.5M Annual passengers 4.5M Annual passengers 7.1M Annual passengers $220M Annual revenues $225M Annual revenues $35
Slide 11: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS FULL-SCALE PROTOTYPE UPDATE: ON TIME • Wing and empennage connected to the fuselage structure • Assembly of pylons and nacelles into wing; installation of composite fuselage “skin” • Upcoming wind-tunnel tests with rotors on ABOVE 90% OF SUPPLIERS SELECTED • KAI (Korea Ae
Slide 12: Full-Scale Prototype Update
FULL-SCALE PROTOTYPE UPDATE This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 12
Slide 13: Full-Scale Prototype Update
FULL-SCALE PROTOTYPE UPDATE AFT VIEW OF PROTOTYPE WING, PYLON & NACELLE, STARBOARD SIDE FULL-SCALE PROTOTYPE ASSEMBLY ADVANCES AT FULL SPEED This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 13
Slide 14: Full-Scale Prototype Update
FULL-SCALE PROTOTYPE UPDATE COMPOSITE FUSELAGE “SKIN”, WING, PYLONS AND NACELLES, STARBOARD SIDE EVE AND EMBRAER TEAMS WORKING AT BRAZIL’S GPX FACILITY This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 14
Slide 15: eVTOL Development Pathway
EVTOL DEVELOPMENT PATHWAY VERIFICATION 2026 PHASE DETAILED TC | EIS 2025 TYPE CERTIFICATION & INTEGRATION PHASE ENTRY INTO SERVICE INITIAL DESIGN 2H | 2024 PHASE We are here 1H | 2024 JOINT DEFINITION PHASE PRELIMINARY DEFINITION OF INTERFACES DESIGN PHASE DEFINITION OF MANUFACTURING SYSTEMS 2023 PR
Slide 16: Selection of First eVTOL Production Site in Brazil
SELECTION OF FIRST eVTOL PRODUCTION SITE IN BRAZIL TAUBATÉ - SÃO PAULO, BRAZIL • Production facility situated within Embraer’s existing unit that will be expanded • Strategic logistical location, proximity to Embraer’s headquarters in São José dos Campos and Eve’s engineering and business team This
Slide 17: Eve Vector: Demonstration at Airspace World – Geneva
DEMONSTRATION AT AIRSPACE WORLD – GENEVA (SWITZERLAND) Agnostic software for Air Traffic Control and Eve Vector Fleet & Vertiport Operator Searidge Digital Altitude Angel network management Solution Tower Solution UTM Solution Focus on fleet / vertiport operators and Air Navigation Service Providers
Slide 18: eVTOL, Vector & Services Deals
eVTOL, VECTOR & SERVICES DEALS Letters of Intent for up to 30 eVTOL customers in 13 countries 16 Vector customers & partners in 4 continents 2,900 12 Services & Operations Solutions customers in 8 countries eVTOL AIRCRAFT $14.5 Bi* SERVICES POTENTIAL REVENUE 30 50 60 50 $935 Mi 100 200 200 200 200 2
Slide 19: ~$500M Fund Raise Since 2022
~$500M FUND RAISE SINCE 2022 IPO DEBT ~$500million $100 million funds P&D standby facility | 12 year maturity 3-4 year grace period | 5-6% interest rate disbursement 2023-2025 $400 million NYSE May 2022 19
Slide 20: Financial Performance
FINANCIAL PERFORMANCE USD millions 1Q24 1Q23 INCOME STATEMENT Research & Development (R&D) (27.5) (21.5) Selling, General & Administrative (SG&A) (6.5) (6.2) Change in Fair Value of Derivative Liabilities 6.3 (2.2) Interest Income / Other Non-Operating Expenses, net 2.9 4.3 Net Earnings / (Loss) (25
Slide 21: 2024 Milestones and Outlook
2024 MILESTONES AND OUTLOOK CONCLUDE FIRST PROTOTYPE AIRFRAME ASSEMBLY (1H24) INITIATE AND PROGRESS PROTOTYPES TESTS (2H24) DEFINITION OF CERTIFICATION BASIS AND MEANS OF COMPLIANCE DEFINE CONFIGURATION OF EVTOL FACTORY, SECURE MANUFACTURING FINANCE $ 2024 TOTAL CASH CONSUMPTION BETWEEN $130 AND $17
Slide 22: Driving Decarbonization for Urban Mobility
DRIVING DECARBONIZATION FOR URBAN MOBILITY New Technologies for Transport: the Critical Lever for the Transition to a Low Carbon Economy Global CO2 emissions Global CO2 emissions, by sector Transport breakdown for 2021 & 2022 Transport Road Rail Shipping Aviation Pipeline transp. IEA, Global CO2 emi
Slide 23: Comparative Advantage of Eve's Operating Emissions
COMPARATIVE ADVANTAGE OF EVE’S OPERATING EMISSIONS Operating Emissions comparison vs. other Urban Mobility options Sources: IEA Urban car Intensity | Global EV average intensity Helicopter assumptions: 3.16 kgCO2 per Jet A1 Liter for a R44 consuming 56l/h at a 209 km/h speed. This information belong
Slide 24: Comparative Advantage of Eve's Operating Emissions
COMPARATIVE ADVANTAGE OF EVE’S OPERATING EMISSIONS eVTOL emission reduction and time-saving • Eve’s assessment based only on the operating emissions • Eve aims to have a third-party verification of the full lifecycle assessment (ReCiPe 2018 methodology) This information belongs to Eve and cannot be
Slide 25: Beyond Climate Change: Embedding Sustainability Across the Value Chain
BEYOND CLIMATE CHANGE: EMBEDDING SUSTAINABILITY ACROSS THE VALUE CHAIN Contribution to the United Nations’ Decarbonizing Aviation Commitments Sustainable Development Goals eVTOL technology enables Lower sound and particulate Developing zero-carbon aviation products by 2050 zero GHG and particulate e
Slide 26: Eve's End of Life Battery Lifecycle Approach
EVE’s END OF LIFE BATTERY LIFECYLE APPROACH • Eve’s suppliers are required to be transparent about their environmental compliance, product composition, reverse logistics, and appropriate destination procedures • BAE Systems and Eve are collaborating on end-of-life capabilities for batteries. Eve is
Slide 27: Forward Looking Statements
Forward Looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “bel