Eve Holding, Inc. · NYSE:EVEX
Eve — Q4 2023 Earnings Presentation
12 slides from Eve's earnings presentation, Mar 8, 2024
Slide 1: 4Q23 & FY2023 Eve Update
4Q23 & FY2023 EVE UPDATE MARCH 08, 2024
Slide 2: Eve's 2023 Achievements
EVE’S 2023 ACHIEVEMENTS DEFINITION OF INITIAL EVE SUPPLIERS, ADDITTIONAL CUSTOMER eVTOL JOHANN BORDAIS SUPPLIERS' ADVISORY ARCHITECTURE APPOINTED CEO SELECTION BOARD JUNE JULY NOVEMBER DECEMBER APRIL JULY SEPTEMBER NOVEMBER DECEMBER INFRASTRUCTURE DEFINITION OF START OF EVE & FLEXJET AIRWORTHINESS S
Slide 3: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS FULL-SCALE PROTOTYPE ASSEMBLY CONTINUES TO ADVANCE • Assembly of fuselage, structural wing and empennage • Assembly of harness to integrate electrical/electronic systems to sensors • Junction of wing and empennage into the fuselage structure ADDITIONAL SUPPLIERS SELECTED
Slide 4: First Full-Scale Prototype Assembly
FIRST FULL-SCALE PROTOTYPE ASSEMBLY VERTICAL EMPENNAGE HARNESS FUSELAGE WING This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 4
Slide 5: First Full-Scale Prototype Assembly
FIRST FULL-SCALE PROTOTYPE ASSEMBLY PROPELLER BLADE DETAIL WING, EMPENNAGE JUNCTION TO FUSELAGE FULL-SCALE PROTOTYPE RENDERING This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 5
Slide 6: Suppliers' Selection
SUPPLIERS’ SELECTION ~90% OF COMPONENT VALUE PURCHASED Control Surfaces & Empennages Propeller Rotors Battery Wings Flight Control Computers Engines Pilot Controls Thermal Management Air Sensors Seats Actuators Guidance & Avionics Navigation This information belongs to Eve and cannot be used or repr
Slide 7: 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 8: eVTOL, Urban ATM & Services Deals
eVTOL, URBAN ATM & SERVICES DEALS Letters of Intent for up to 29 eVTOL customers in 13 countries 14 UATM customers & partners in 3 continents 2,850 10 Services & Operations Solutions customers in 7 countries eVTOL AIRCRAFT $8.6 Bi SERVICES POTENTIAL REVENUE 30 50 60 50 $660 Mi 100 200 200 200 200 20
Slide 9: Financial Performance
FINANCIAL PERFORMANCE USD millions 4Q23 4Q22 FY23 FY22 INCOME STATEMENT Research & Development (R&D) (33.6) (18.0) (105.6) (51.9) Selling, General & Administrative (SG&A) (5.3) (9.0) (23.1) (32.9) New Warrants / Change in fair value of derivative liabilities (2.4) 3.4 (12.3) (95.2) Interest Income /
Slide 10: 2023 Milestones
2023 MILESTONES SELECTION OF PRIMARY SUPPLIERS AIRCRAFT SYSTEMS ARCHITECTURE DEFINITION INITIATE FIRST PROTOTYPE ASSEMBLY TRIAL SOFTWARE OF URBAN AIR TRAFFIC MANAGEMENT – URBAN ATM $ 2023 TOTAL CASH CONSUMPTION OF $95 MILLION (VS. $130 - $150 MILLION GUIDANCE) This information belongs to Eve and can
Slide 11: 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 12: Thank You!
THANK YOU! This information belongs to Eve and cannot be used or reproduced without written permission from the Company.