Vertical Aerospace Ltd. · NYSE:EVTL
Vertical Aerospace — Investor Presentation (August 2023)
38 slides from Vertical Aerospace's investor presentation, August 2023
Slide 1: Vertical Aerospace Company Overview
Vertical Aerospace Company Overview NYSE: EVTL / August 2023
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation preliminary and subject to change without notice as we move through our demonstration, testing and endorsement of the products or services or imply a relationship or sponsor
Slide 3: Pioneering Electric Aviation – Vertical in Numbers
Pioneering Electric Aviation – Vertical in Numbers 2016 c. 300 3 Company Employees Prototypes Founded Globally Flown Up to 100 0 10^-9 Miles of Range Emissions in 1 in a Billion Operations Catastrophic Failure Rate 1,400+ $5B+ c. 50% Aircraft already Value of Required Capital pre-ordered Pre-order B
Slide 4: Why Vertical?
Speed Flying a Full-Scale Prototype A Focused Business Model A Winning Team Scale A Global Market A Product Our Customers Love A Leading Pre-Order Book Certainty Why Tier 1 Industrial Partners Certifying Proven Technology Low Capital / High Margin Vertical?
Slide 5: Speed – Flying a Full-Scale Prototype
Your Speedchapter – name here – Flyingheadline Your a Full-Scale here Prototype
Slide 6: Flying a Full-Scale Prototype: Company and Vehicle Development
Speed / Flying a Full-Scale Prototype 3rd Generation Aircraft eVTOL VX1 VX1 VX2 VX4 VX4 VX4 VX4 Ideation Concepting Test Flight Test Flight Design Start Prototype Build Start Prototype Flight Certification Progress VEHICLE DEVELOPMENT First Tethered Flight 1 PAX ducted fan concept 2 PAX 8 rotor mult
Slide 7: Vertical Flight Test Centre
Vertical Flight-Test.Ceéntre / 51.667755, -2.059666 VERTICAL™
Slide 8: Flight Tests: Summer 2023 and Next Steps
Speed / Flying a Full-Scale Prototype Flight Tests: Summer 2023 - First untethered flights of the VX4 prototype - The aircraft flew thrustborne low speed tests up to 40kts (70kmph) - These uncrewed flights were the first powered by our proprietary battery packs - Honeywell’s fly-by-wire flight contr
Slide 9: A Focused Business Model
Your Speedchapter – name here – A Focused Your headline here Business Model
Slide 10: An OEM + Services Business Model
Speed / A Focused Business Model An OEM + Services Business Model Product OEM Operations Authorities Air Space Infrastructure Commercial Vertical has deliberately targeted a tried and tested OEM + services business model Why? - Because we know it works, we know how to execute it and we know it deliv
Slide 11: A Winning Team with an Agile Development Culture
Speed – A Winning Team with an Agile Development Culture
Slide 12: Vertical Board of Directors
Speed / A Winning Team with an Agile Development Culture Vertical Board of Directors Proven technology and scale-up entrepreneurs combined with aerospace expertise Mike Flewitt Gur Kimchi Kathy Cassidy Stephen Fitzpatrick Chairmann Non-Exec Director Non-Exec Director Founder, CEO & Exec Director Mik
Slide 13: Vertical Executive Team
Speed / A Winning Team with an Agile Development Culture Vertical Executive Team Stephen Fitzpatrick David King Eduardo Dominguez Puerta Stuart Simpson Michael Cervenka Andrew Macmillan Sanjay Verma Founder & CEO Chief Engineer Chief Operating Officer Chief Financial Officer Chief Technology Officer
Slide 14: Key Technical Leaders
Speed / A Winning Team with an Agile Development Culture Key Technical Leaders Together our team has built, certified and supported over 30 aircraft and aircraft propulsion systems Eric Samson Justin Paines Trevor Woods Jenny Harcourt Simon Harper SVP Engineering Chief Test Pilot Director of Regulat
Slide 15: Based in Europe's Aerospace Epicentre
Speed / A Winning Team with an Agile Development Culture Based in Europe’s Aerospace Epicentre Headquartered in Bristol, UK with over 300 employees 250+ engineers in the UK Proprietary 15
Slide 16: Scale – A Global Market
Your Scalechapter – name here – A Global Your Market headline here
Slide 17: EASA & CAA Certification Opens Global Markets
Scale / A Global Market EASA & CAA Certification Opens Global Markets To succeed, the VX4 has to meet the certification needs of our customers’ local aviation authority. Vertical has validation applications in process with authorities who are amongst the most influential globally, including the majo
Slide 18: Certification Program Status
Scale / A Global Market Certification Program Status Confirmed UK CAA Basis of Certification as adopting EASA’s SC-VTOL Achieved CAA Permit to Fly for VX4 flight tests with pilot onboard Conducted first airborne flight tests running VTOL hover configuration with a pilot onboard First Design Organisa
Slide 19: A Product Our Customers Love
Your chapter Scale – name here – Your A Product headline Our here Customers Love
Slide 20: Performance Specifications
Scale /A product Our Customers Love Performance Specifications CAPACITY CRUISE SPEED 5 150 mph/ 4 Passengers 130kts/ 1 Pilot 240km/h RANGE NOISE 100 up to miles <50 dBA 13m 160km <70dBA at hover OPERATIONAL CO2 EMISSIONS 0 *Aircraft statistics are expected figures based on company information. 15m P
Slide 21: 2+2 Spacious Interior
Scale /A product Our Customers Love 2+2 Spacious Interior Proprietary 21
Slide 22: A Leading Pre-Order Book
Your chapter Scale – name here – Your A Leading headline Pre-Order here Book
Slide 23: Vertical has 1,400+ VX4 pre-orders
Customer list Vertical has represents: $5B+ Estimate value of 1000+ Destinations 360m Revenue passengers 8% of the global commercial pre-order book carried in 2019 revenue passenger volume 1,400+ VX4 pre-orders / American Airlines / Kakao Mobility / Babcock / Bristow Up to 350 aircraft Up to 50 airc
Slide 24: Customers on Four Continents
Scale /A product Our Customers Love Customers on Four Continents Proportional distribution of pre-orderbook Proprietary 24
Slide 25: Certainty – Tier 1 Industrial Partners
Your chapter name here – Your headline here Certainty – Tier 1 Industrial Partners
Slide 26: World-Class Industrial Partners
Certainty / Tier 1 lndustrial Partners World-Class Industrial Partners Avionics & Flight Controls Electromechanical Actuators Electric Propulsion Unit Battery Cells Wing Fuselage Composite Materials 3D Experience 4 years of development Tech already in service 6 years of development Tech already in s
Slide 27: Electric Propulsion Unit
Certainty / Tier 1 lndustrial Partners Electric Propulsion Unit As eVTOL aircraft completely rely on their propulsion system to create the necessary lift during take-off and landing, the electric propulsion system is a safety critical part of the vehicle. Failure to provide sufficient lift or contro
Slide 28: Flight Controls and Avionics
Certainty / Tier 1 lndustrial Partners Flight Controls and Avionics Key to eVTOL flight is managing flight transition from vertical to horizontal flight. Vertical has been working with Honeywell for over four years. Honeywell are considered a world leader in VTOL flight controls having developed the
Slide 29: Aircraft Structures
Certainty / Tier 1 lndustrial Partners Aircraft Structures Vertical and Leonardo are working together on the design, development, testing, certification and manufacture of the lightweight carbon composite fuselage for the VX4. Leonardo has a long-established expertise in optimising lightweight compo
Slide 30: Aerostructures and EWIS
Certainty / Tier 1 lndustrial Partners Aerostructures and EWIS Vertical and GKN Aerospace are working together to develop and certify the aerostructures and electrical wiring interconnection system (EWIS) for the VX4. GKN is a tier-one aerospace supplier, developing and certifying components for eve
Slide 31: Certifying Proven Technology
Your chapter name here – Your headline here Certainty – Certifiying Proven Technology
Slide 32: Battery System Proprietary Tech
Certainty / Proven Technology Battery System Proprietary Tech Design Propellors Battery system Vertical is able to focus on quality - rather than quantity - of eVTOL propellers are novel and we have developed technology Our battery systems for the VX4 have been optimally designed engineering talent,
Slide 33: Propellers
Certainty / Proven Technology Propellers Extremely Quiet Low noise requires very low propeller tip speeds (Mach -0.4 compared with Mach -0.8 conventionally). Low tip speeds require high solidity (wide blades) and a unique blade shape to provide the required thrust for VTOL. We have been working on t
Slide 34: Battery System
Certainty / Proven Technology Battery System Vertical has developed significant intellectual property around cell packaging, cooling and battery management systems to deliver high power, high energy battery packs that deliver the significant power needed for VTOL, with a commercially viable range wh
Slide 35: Capital Light – Low Capex / High Margin
Your chapter Capital Light Certainty name here –– Your Capex Low headline / High hereMargin
Slide 36: Less than 50% of the Capex vs Vertical Integration
Capital Light / Low Capex / High Margin Less than 50% of the Capex vs Vertical Integration Expected capital required to certification ($m)1 Existing Brand 2500 Existing Customers Existing Infrastructure Existing Operations 2000 Vertical‘s Design engineers Commercial Manufacture engineers Partner Ben
Slide 37: Aircraft + Services Revenue Streams
Capital Light / Low Capex / High Margin Aircraft + Services Revenue Streams VX4 – an attractive asset for customers Profitable Services Pilot Training • Vertical has entered into a partnership with CAE, a market leader in flight simulation and training, to co-develop pilot training operations. Verti
Slide 38: Pioneering Electric Aviation
Your chapter name here – Your headline here Pioneering Electric Aviation investors@vertical-aerospace.com
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