Slide 1: 1Q26 Earnings Presentation
1Q26 Earnings Presentation May 12, 2026
Slide 2: Legal Disclaimer
Legal Disclaimer Unless otherwise specified, financial information and other data in this presentation is presented as of March 31, 2026. BETA’s historical results are not necessarily indicative of the results that may be expected in the future. Forward-Looking Statements This presentation contains
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Slide 4: BETA leads industry in EVTOL Integration Pilot Program (eIPP) selections
BETA leads industry in EVTOL Integration Pilot Program (eIPP) selections 44
Slide 5: Continued Execution of Long-Term Strategy
Continued Execution of Long-Term Strategy $375MM Added to Selected in each eIPP MV250 Program Achieved Key Commercial Aircraft Program Operating Accelerating in Deliverables in Backlog Piloted Aircraft Partnership with Support of DEVCOM GE Aerospace Autonomy Contract 5
Slide 6: Key Performance Indicators: KPI Updates – Building to Certification
Key Performance Indicators KPI Updates – Building to Certification 1 2 ~$3.9B >$4B 139,000 250,000 Current End of Year 2026 Current End of Year 2026 AIRCRAFT BACKLOG NAUTICAL MILES FLOWN 5 FIRM & OPTION ORDERS BY BETA AIRCRAFT Certification 3 4 123 150 THREE PROGRAMS Distinct and Enabling 0.5/Mo 4.5
Slide 7: Surf Air deal adds $375MM to aircraft backlog
Surf Air deal adds $375MM to aircraft backlog 7
Slide 8: Real-world demonstrations and flight testing accelerate nautical miles flown
Real-world demonstrations and flight testing accelerate nautical miles flown 8
Slide 9: Order for charging infrastructure enabled by Florida Department of Transportation
Order for charging infrastructure enabled by Florida Department of Transportation 9
Slide 10: Company-conforming aircraft production supports Q3/4 ramp
Company-conforming aircraft production supports Q3/4 ramp 10
Slide 11: H500A Engine Certification
Key Performance Indicators H500A Engine Certification 5 Phase 1 Conceptual Design 100% Phase 2 Requirements 100% Definition Phase 3 Compliance 93% Planning Phase 4 Implementation 34% 4Q25 11
Slide 12: ALIA CTOL (CX300) Certification
Key Performance Indicators ALIA CTOL (CX300) Certification 5 Phase 1 Conceptual Design 100% Phase 2 Requirements Certification Basis 100% Definition Means of Compliance 99% 4Q25 Phase 3 Compliance 71% Planning Phase 4 Implementation 3% 12
Slide 13: ALIA VTOL (A250) Certification
Key Performance Indicators ALIA VTOL (A250) Certification 5 Phase 1 Conceptual Design 100% Phase 2 Requirements Certification Basis 100% Definition Means of Compliance 0% Phase 3 Compliance 6% Planning Phase 4 Implementation 0% 13 13
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Slide 15: First Quarter 2026 Financial Results
Financial Results First Quarter 2026 Financial Results Thousands, USD 1 Revenue R&D Spend Adjusted EBITDA $10,133 $91,739 $9,599 $57,864 ($64,718) ($97,246) 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 Strong sales execution outpaced Supporting aircraft design and Continuing to strategically deploy expectations ce
Slide 16: First Quarter 2026 Financial Results
Financial Results First Quarter 2026 Financial Results Thousands, USD Cash Balance Capital Expenditures1 $1,589,398 $24,176 $6,681 $236,572 1Q25 1Q26 1Q25 1Q26 Reflects disciplined use of capital to Supporting vertical integration and fund certification and industrialization industrialization 1 Repr
Slide 17: 2026 Annual Guidance Summary
Guidance 2026 Annual Guidance Summary Metric Prior Current Revenue $39 – $43 Million $39 – $43 Million Adjusted EBITDA1 ($305) – ($395) Million ($355) – ($445) Million Capital Expenditures $175 – $225 Million $150 – $200 Million 1 Prior Adjusted EBITDA guidance did not include EIPP investment reflec
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Slide 19: Simplified Profit & Loss
Financial Results Simplified Profit & Loss Thousands, USD Three Months Ended March 31, 2026 2025 Revenue $ 10,133 $ 9,599 Gross margin $ 5,832 $ 7,861 Operating expenses $ 138,789 $ 85,878 Loss from operations $ (132,957) $ (78,017) Net loss $ (122,309) $ (78,278) Adjusted EBITDA $ (97,246) $ (64,71
Slide 20: Non-GAAP Reconciliation
Financial Results Non-GAAP Reconciliation Thousands, USD Three Months Ended March 31, 2026 2025 Net loss $ (122,309) $ (78,278) Increase (decrease) as adjusted for : Interest income (14,481) (2,697) Interest expense 3,617 2,860 Provision for income taxes 216 98 Depreciation and amortization expense