Eve Holding, Inc. · NYSE:EVEX
Eve — Investor Presentation (September 2025)
34 slides from Eve's investor presentation, September 2025
Slide 1: September 2025
SEPTEMBER 2025 This information belongs to Eve and cannot be used or reproduced without written permission from the Company.
Slide 2: Eve Air Mobility Overview
EVE AIR MOBILITY OVERVIEW Independent company dedicated to the development of an electric aircraft (eVTOL) and UAM ecosystem through strategic partnerships Shareholders’ structure and Market cap 2.8k eVTOL orders1 Resulting in pre-order book value of ~US$14 bn Others ~US$1.0 billion Raised since 202
Slide 3: eVTOL, Services & Vector Customers
eVTOL, SERVICES & VETOR CUSTOMERS Eve eVTOL Eve TechCare Eve Vector Designed to ensure safety, The ultimate all-in-one Eve's unique Urban Air Traffic accessibility, and comfort service portfolio for eVTOLs Management software solution 28 Customers in 9 countries 14 Customers and partners in 8 countr
Slide 4: Eve Is a Leader in Urban Air Mobility
EVE IS 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, and clearer Specialized manufacturing & engineering path to certification capabilities at attractive costs E
Slide 5: Cost Efficient, Experienced Development and Certification Strategy
Embraer – Global Aviation Leader Superior certification track record Urbain Air Mobility is a major growth opportunity for Embraer Eve plans to leverage Embraer’s regulatory experience and relationships to accelerate type certification 30+ Models certified by Strategic Support Years from start of de
Slide 6: Design Optimized for Urban Mobility
DESIGN OPTIMIZED FOR URBAN MOBILITY Flexible seating capacity Lift + Cruise Design High utilization rate 4 passengers at EIS1, up to 6 in autonomous Highly practical design choice for Designed for thousands flight cycles per year configuration certification and operational efficiency with industry-l
Slide 7: Highly Efficient Design for Urban Air Mobility
HIGHLY EFFICIENT DESIGN FOR URBAN AIR MOBILITY LIFT + CRUISE TILT ROTOR VECTORED FAN MULTI-ROTOR ✓ Simple design ✓ Lighter ✓ Efficient cruising ✓ Efficient takeoff/landing ✓ High reliability ✓ Longer range ✓ Long range ✓ Easiest to certify ✓ Straightforward to certify ✓ Lower noise profile Energy
Slide 8: Paris Air Show 2025 – Vehicle Mock-up Showcase
PARIS AIR SHOW 2025 – VEHICLE MOCK-UP SHOWCASE True representation of Eve’s commercial aircraft allows customers, partners, government officials, and other stakeholders to experience the refined and elegant design of the Eve-100 This information belongs to Eve and cannot be used or reproduced withou
Slide 9: Full Scale Mock-up
FULL SCALE MOCK-UP This information belongs to Eve and cannot be used or reproduced without written permission. This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 9
Slide 10: Largest Backlog
LARGEST BACKLOG 3,000 2,500 Total eVTOL Orders 2,000 1,500 1,000 500 0 Eve Vertical Archer Autoflight Beta Volocopter Diversified customer types Eve global footprint Airlines (United, Republic) 28 customers in 9 countries Leasing Companies (Azorra, Falko) Helicopter Operators (Helisul, Bristow, OHI/
Slide 11: Most Diversified Backlog
MOST DIVERSIFIED BACKLOG 9 Countries 28 Customers This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 11
Slide 12: Revo Signed First Binding eVTOL Order - $250 M
REVO SIGNED FIRST BINDING eVTOL ORDER - $250 M Commercial Agreement Highlights 2027 Target Entry Into Service 10 vehicles - binding TechCare 40 vehicles - options Service Agreement Primary use case Campinas São Paulo Brazil Worldwide --------------- (Test Operations) (Target Market) (Expansion) Airp
Slide 13: Engineering Prototype vs Conforming Prototype
Engineering Prototype Conforming Prototype • Full-scale • Full-scale • Uncrewed: pilot & flight engineers stationed in the • Crewed – pilot onboard Remote Pilot Station (RPS) • Commercially-representative aircraft (passenger seats, • No interior (seats, panels, doors, limited systems, etc.) systems,
Slide 14: Prototype Upcoming Steps
Prototype Upcoming Steps > Validate and improve accuracy of models created > Multiple integrated ground tests to validate thrust, energy based on data from sub-scale flight models, labs, consumption, systems functionalities, sound and vibration rigs and numerical simulations > Hover flights, for in-
Slide 15: Latest Product Development Achievements
LATEST PRODUCT DEVELOPMENT ACHIEVEMENTS Full-Scale Prototype Getting Ready for 1st Flight • Full-scale prototype ground tests • Pusher motors successfully tested and installed • Lifters continuously being tested • Beta Technologies as new electric motor partner New rotor configuration with 4 blades
Slide 16: Engineering Prototype Main Progress Status
ENGINEERING PROTOTYPE MAIN PROGRESS STATUS Motor test at Nidec Lab Driver integration with vehicle Motor installation Electric Motors Ongoing development Driver / Motor integration Motors running Driver integration test with vehicle This information belongs to Eve and cannot be used or reproduced wi
Slide 17: Lifters and Pusher Synchronization Tests
Lifters and pusher synchronization tests New 4-blade design and folding mechanism Mobile rig run tests to check the blades in flight speed Lifters being tested This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 17
Slide 18: Continuous Ground Tests
CONTINUOUS GROUND TESTS RIG THERMAL IRON BIRD MANAGEMENT SYSTEM RIG MOTOR RIG BATERY This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 18
Slide 19: Flight Simulator for Engineering Development
FLIGHT SIMULATOR FOR ENGINEERING DEVELOPMENT • Test the development of control laws • Evaluate the development of flight controls • Simulate the integrated behavior of systems • Evaluate pilot ergonomics to define best piloting during operation arrangement This information belongs to Eve and cannot
Slide 20: Primary Systems & Component Partners
PRIMARY SYSTEMS & COMPONENT PARTNERS HV BATTERY WING PARTS ACTUATORS DOORS SEATS ROTORS&PROPELLER MOTORS FLIGHT CONTROL EMPENNAGE & THERMAL AVIONICS, ELECTRICAL FUSELAGE COMPUTERS CONTROL SURFACES MANAGEMENT CONTROLLER & RECORDERS COMPONENTS WINDOWS AIR DATA EXTERNAL LIGHTS, ALTITUDE POWER DISTRIBUT
Slide 21: Suppliers Engaged for Conforming Vehicle
SUPPLIERS ENGAGED FOR CONFORMING VEHICLE SEAT BY RECARO ACTUATOR BY LIEBHERR STRUCTURAL COMPOSITE PARTS BY ALLTEC EXTERIOR LIGHTING BY HONEYWELL WINDSHIELD BY KASIGLAS This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 21
Slide 22: Production Site for Commercial eVTOL
PRODUCTION SITE FOR COMMERCIAL eVTOL Taubaté São Paulo, Brazil Anticipated Modular Ramp in Production Capacity* Phase 1 Phase 2 Phase 3 Phase 4 Annual eVTOL Capacity 60 120 240 480 Annual Capacity X List Price ** $300mn $600mn $1.2bn $2.4bn *Manufacturing capacity projections were developed in good
Slide 23: Modular Manufacturing Strategy
MODULAR MANUFACTURING STRATEGY Capital-efficient strategy to deploy manufacturing resources Growth in modules helps reduce risk and keep pace with market growth ½ Module 1 Module 2 Modules 120 units / year 240 units / year 480 units / year * Total planned manufacturing capacity of 480 units / year T
Slide 24: 2025 Milestones to Be Achieved
2025 MILESTONES TO BE ACHIEVED FULL-SCALE PROTOTYPE FIRST FLIGHT AND START OF FLIGHT TESTS Late ’25 / Early ‘26 ALIGNMENT OF DETAILED CERTIFICATION PLAN WITH ANAC (BRAZIL) On track AND FAA (US) INITIAL PRODUCTION OF CERTIFICATION PROTOTYPE On track PREPARATION OF eVTOL MANUFACTURING AND TESTING FACI
Slide 25: Path to Revenue & Profitability
PATH TO REVENUE & PROFITABILITY eVTOL BRAZIL BNDES 1ST PROTOTYPE LOIs–FIRM ORDER CERTIFICATION ST ARCHITECTURE PRODUCTION 1 DELIVERY CREDIT LINE ROLL OUT CONVERSION CAMPAIGN DEFINITION FACILITY 2022 2023 2024 2025 2026 2027 (Target) SUPPLIERS CAPITAL PROTOTYPE 1ST PROTOTYPE ASSEMBLY OF TYPE IPO SELE
Slide 26: ~US$1 Billion Raised Since 2022
~US$ 1 BILLION RAISED SINCE 2022 De-SPAC Combination with PIPE Investments NYSE | 2022 DEBT | 2023 NEW EQUITY | 2024 R&D standby facility | 12-year maturity 3–4-year grace period | 5.5% interest rate disbursement 2023-2025 + FINANCIAL INVESTORS ~$400 million ~$95 million ~$96 million NEW DEBT | 2024
Slide 27: Cash Position Following the Offer
CASH POSITION FOLLOWING THE OFFER $594 million Liquidity enough New equity round for ~3 years* $230 million * Assuming cash burn of $200mn / year This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 27
Slide 28: Greater Share-Trading Liquidity
GREATER SHARE-TRADING LIQUIDITY $230 million raised with issuance of ~47 million new shares • Free-float ~15% (vs. ~6% before) • ~60% of 2025 equity offer subscribed by financial investors (Brazil and U.S.) • Share liquidity to increase to ~$8 mn/day • Embraer diluted to 71.9% of Eve’s equity (81.9%
Slide 29: Financial Performance
FINANCIAL PERFORMANCE USD millions 2Q25 2Q24 1H25 1H24 INCOME STATEMENT Research & Development (R&D) (45.7) (36.3) (90.4) (63.8) Selling, General & Administrative (SG&A) (8.2) (5.4) (16.1) (11.9) Change in fair value of derivative liabilities (9.5) 2.1 (6.2) 8.4 Interest Income / Other Non-Operating
Slide 30: Eve's Lower Operating Emissions
EVE’S LOWER 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 belongs to Eve and cannot
Slide 31: Cruise Sound - Helicopter | eVTOL
CRUISE SOUND - HELICOPTER | eVTOL Cruise@ 1000ft Noise Benchmarking Cruise phase encompasses most of the mission Helicopter - 75 dB(A)2 Densely populated area eVTOL wing-borne cruise <60 dB(A)1 eVTOL cruise blend into the 75 dB(A) average urban soundscape, which doesn´t happen with helicopters 1. Ex
Slide 32: Recharges Enhance Operating Potential
RECHARGES ENHANCE OPERATING POTENTIAL Battery charge (as % of total) throughout a typical day • Design with current battery technology for 100km range • Take-off, landing with disproportionately higher energy consumption; efficient in cruise • Typical mission estimated at ~30km (20 miles), or ~15min
Slide 33: Eve Investor Relations
EVE INVESTOR RELATIONS Lucio Aldworth Caio Pinez lucio@eveairmobility.com caio.pinez@eveairmobility.com +55.11.98717.1025 +55.11.3841.6033 Eve Air Mobility 1400 General Aviation Drive Melbourne, FL - 32935 This information belongs to Eve and cannot be used or reproduced without written permission fr
Slide 34: Disclaimer
DISCLAIMER In General. The information contained herein has been prepared by Eve Holding, Inc. (the "Company") for informational purposes only to assist interested parties in making their own evaluation with respect to a potential investment in the Company. No representation or warranty, express or