Eve Holding, Inc. · NYSE:EVEX
Eve — Q3 2024 Earnings Presentation
12 slides from Eve's earnings presentation, Nov 4, 2024
Slide 1: 3Q24 Eve Update
3Q24 EVE UPDATE NOVEMBER 4, 2024
Slide 2: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS eVTOL GETTING READY TO FLY • Battery installation, facilitated by multiple and removable carbon-fiber panels • Lifter motors being produced and tested – expected delivery in December • 1st flight expected in 1H25 CERTIFICATION BASIS PUBLISHED BY BRAZILIAN AVIATION AUTHORI
Slide 3: Ongoing Testing Phase
ONGOING TESTING PHASE HIGH AND LOW VOLTAGE SYSTEMS TESTS Initiated testing of engineering prototype systems operation and protections THERMAL-RUNAWAY CONTAINMENT TEST Assesses battery safety by intentionally inducing a thermal-runaway event TRANSITION BOOM TEST Rotor rig with different propeller sha
Slide 4: Flight Test Instruments (FTI) Integration
FLIGHT TEST INSTRUMENTS (FTI) INTEGRATION COMMAND & CONTROL TRUCK FTI CAMERAS Custom-built to command-and-control prototype Telemetry and video capabilities, with real-time flight, with minimal pilot-eVTOL latency data for real-time analysis This information belongs to Eve and cannot be used or repr
Slide 5: Basis of Certification in Brazil
BASIS OF CERTIFICATION IN BRAZIL • BRAZIL’S AVIATION AUTHORITY (ANAC) PUBLISHED AIRWORTHINESS CRITERIA FOR EVE-100 CERTIFICATION • CERTIFICATION BASIS IS CRITICAL TO PRODUCT DETAILING AND ADVANCEMENT FOR FLIGHT TESTING • EVE WILL CONTINUE TO ADVANCE TO ANAC TYPE CERTIFICATION AND FAA VALIDATION • EN
Slide 6: Customer Services Updates
CUSTOMER SERVICES UPDATES ALL-IN-ONE SERVICE PORTFOLIO PROVIDING HIGHER AIRCRAFT AVAILABILITY AND COSTS OPTIMIZATION EMBRAER & CAE JOINT VENTURE SELECTED AS PILOT AND MAINTENANCE TRAINING PROVIDER T R A I N I N G S E R V I C E S This information belongs to Eve and cannot be used or reproduced withou
Slide 7: Urban Air Traffic Management Solution
URBAN AIR TRAFFIC MANAGEMENT SOLUTION EVE WORKED WITH BRAZILIAN OPERATOR (REVO) TO DEVELOP ATM SERVICES Vector software in shadow operation trial performed in São Paulo in October Revo has on-demand commuting helicopter operations in São Paulo The partnership aims to make eVTOLs a reality for a more
Slide 8: eVTOL, Services & Vector Pre-Deals
eVTOL, SERVICES & VECTOR PRE-DEALS 30 eVTOL 15 TECHCARE 23 VECTOR customers in customers & partners in customers & partners in ~2.9K 12 countries 9 countries 11 countries eVTOL AIRCRAFT ~$14B PRE-ORDER BOOK VALUE Based on current List Price $1.6B SERVICES POTENTIAL REVENUE This information belongs t
Slide 9: Eve's Recent Liquidity Events: +$236 Million
EVE’S RECENT LIQUIDITY EVENTS: +$236 MILLION $96 MILLION IN NEW EQUITY FOR eVTOL DEVELOPMENT $90 MILLION BNDES NEW CREDIT LINE FOR INDUSTRIALIZATION Liquidity/Cash Consumption (Estimated years of cash) $50 MILLION BANK LOAN FOR eVTOL DEVELOPMENT 3.0x 2.3x $ RESULTING PRO-FORMA LIQUIDITY AT $445 MILL
Slide 10: Financial Performance
FINANCIAL PERFORMANCE USD MILLIONS 3Q24 3Q23 9M24 9M23 INCOME STATEMENT Research & Development (R&D) (32.4) (28.6) (96.2) (72.0) Selling, General & Administrative (SG&A) (8.4) (5.0) (20.3) (17.8) Change in fair value of derivative liabilities 4.0 (0.9) 12.4 (9.8) Interest Income / Other Non-Operatin
Slide 11: 2024 Milestones and Outlook
2024 MILESTONES AND OUTLOOK CONCLUDE FIRST PROTOTYPE AIRFRAME ASSEMBLY (1H24) INITIATE AND PROGRESS PROTOTYPE TESTS (2H24) DEFINE CERTIFICATION BASIS DEFINE CONFIGURATION OF eVTOL FACTORY; SECURE MANUFACTURING FINANCE $ on ACHIEVE 2024 TOTAL CASH CONSUMPTION BETWEEN $130 AND $170 MILLION track This
Slide 12: Thank You!
THANK YOU! This information belongs to Eve and cannot be used or reproduced without written permission from the Company.