Eve Holding, Inc. · NYSE:EVEX
Eve — Investor Presentation (March 2025)
42 slides from Eve's investor presentation, March 2025
Slide 1: Eve Air Mobility
EVE AIR MOBILITY MARCH 2025
Slide 2: Eve at a Glance
EVE AT A GLANCE eVTOL Services & Support Air Traffic Control (EVE TECHCARE) (VECTOR) Design, develop and certify an eVTOL tailored Full portfolio of Services & Support solutions Next-generation Urban Air Traffic for Urban Air Mobility for Eve and other eVTOLs Management (UATM software) Low operating
Slide 3: Eve a Leader in Urban Air Mobility
EVE 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, Specialized manufacturing & and clearer path to certification engineering capabilities at attractive costs Expe
Slide 4: Eve & Embraer Partnership
EVE & EMBRAER PARTNERSHIP Strategic Support Leveraging 55 years of aviation experience; 30+ models certified over the last 25 years Embraer – Global Aviation Leader Access to World-Class Capabilities Royalty-Free IP; ~1,600 engineers; infrastructure and cost- Urban Air Mobility is a major competitiv
Slide 5: Design Optimized for Urban Mobility
DESIGN OPTIMIZED FOR URBAN MOBILITY Flexible seating capacity Tailored for urban mobility 4 passengers at EIS, up to 6 in Designed for 100 km (60 mile) range, autonomous configuration addresses 99% of UAM missions High utilization rate Community-friendly Designed for thousands flight cycles per Subs
Slide 6: 4 Passengers in Flexible Cabin
4 PASSENGERS IN FLEXIBLE CABIN Cabin cross section Layout of passenger Forward seating configuration accommodation Club seating configuration Height and seat width validated by customers at Forward-facing seats Advisory Boards enhance privacy This information belongs to Eve and cannot be used or rep
Slide 7: 4 Carry-ons or 2 Checked-in Bags
4 CARRY-ONS OR 2 CHECKED-IN BAGS Flexible luggage configuration Capacity 490 liters / 17 ft3 This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 7
Slide 8: Simplicity for Ease of Training and Operation
SIMPLICITY FOR EASE OF TRAINING AND OPERATION Embraer’s proven Fly-by-Wire technology No pedals, single pilot Proven Garmin avionics This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 8
Slide 9: Most Practical Design Choice for UAM
MOST PRACTICAL DESIGN CHOICE FOR UAM LIFT + CRUISE TILT ROTOR VECTORED FAN MULTI-ROTOR + Simple design + Lighter + Efficient cruising + Efficient takeoff/landing + Most reliable + Longer range + Longer range + Easiest to certify + Straightforward to certify + Lower noise profile + Lower operating co
Slide 10: Wheeled Landing Gear as Option
WHEELED LANDING GEAR AS OPTION Added flexibility where Ground Support Equipment (GSE) & time are limited Minimizes GSE requirements at outstations Reduces Turnaround Time (TAT) at slot-constrained, large vertiports Available as follow-on item after Entry into Service (EIS) This information belongs t
Slide 11: Designed to Fit Current Infrastructure
DESIGNED TO FIT CURRENT INFRASTRUCTURE 11.0ft / 3.3m 50ft / 15.2m* 33.0ft / 10.30m 5.9ft / 1.74m This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 11
Slide 12: Primary Component Suppliers Selected
PRIMARY COMPONENT SUPPLIERS SELECTED MOTORS BATTERY WING ACTUATORS DOORS EXTERNAL LIGHTS SEATS FLIGHT CONTROL THERMAL FUSELAGE COMPUTERS CONTROL SURFACES MANAGEMENT AVIONICS PYLONS COMPONENTS WINDOWS SENSORS PILOT CONTROL INTERIOR POWER DISTRIBUTION SYSTEM ROTORS&PROPELLER This information belongs t
Slide 13: Customer Services - TechCare
CUSTOMER SERVICES - TECHCARE 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 wit
Slide 14: Vector: Agnostic Air Traffic Control Software
DEMONSTRATION AT AIRSPACE WORLD – GENEVA (SWITZERLAND) Agnostic software for Air Traffic Control and Eve Vector Fleet & Searidge Digital Vertiport Operator Altitude Angel network management Solution Tower Solution UTM Solution Focus on fleet / vertiport operators and Air Navigation Service Providers
Slide 15: UAM Potential in Selected Urban Areas
UAM POTENTIAL IN SELECTED URBAN AREAS RIO DE JANEIRO CHICAGO LOS ANGELES 245 eVTOLS 240 eVTOLS 390 eVTOLS 37 Vertiports 30 Vertiports 38 Vertiports 100+ Routes 120+ Routes 150+ Routes 4.5M Annual passengers 4.5M Annual passengers 7.1M Annual passengers $220M Annual revenues $225M Annual revenues $35
Slide 16: Eve's Lower Operating Emissions
EVE’S LOWER OPERATING EMISSIONS eVTOL reduces travel time and emissions This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 16
Slide 17: eVTOL Roll-out on July 3rd
eVTOL ROLL-OUT ON JULY 3RD Engineering prototype – Validate and improve accuracy of models created based on data from sub-scale flight models, labs, rigs and numerical simulations Ground and flight tests will be performed at Gavião Peixoto Embraer Facility (GPX) in Brazil This information belongs to
Slide 18: eVTOL Tailored for Urban Air Mobility
eVTOL TAILORED FOR URBAN AIR MOBILITY Similar dimensions of 4-passenger helicopters – 50ft (15.2m) wingspan; 33ft (10.3m) Design for 100km (60 miles) range at EIS addresses 99% of UAM missions This information belongs to Eve and cannot be used or reproduced without written permission from the Compan
Slide 19: eVTOL Roll-out: Optimal for Urban Mobility
eVTOL ROLL-OUT: OPTIMAL FOR URBAN MOBILITY 8 counter-rotating lifters (for controllability and high safety levels) Simple Lift + Cruise design – 8 lifters, 1 pusher Simplifies maintenance, lowers operating costs, increases dispatch rate, potentially clearer path to certification 5th generation fly b
Slide 20: eVTOL Roll-out
eVTOL ROLL-OUT Engineering prototype upcoming steps • Multiple integrated ground tests to validate thrust, energy consumption, systems functionalities, sound and vibration • Hover flights, for in-ground effect (IGE) and out-of-ground (OGE) characterization and assessments • Partial transition (with
Slide 21: Latest Product Developments
LATEST PRODUCT DEVELOPMENTS FULL-SCALE PROTOTYPE TESTING PHASE • Pusher motor turned on for thrust, vibration, sound, energy consumption (and other metrics) • Lifter motors being produced and tested separately • Wind-tunnel test with rotors on • 1st flight expected by mid year 2025 REGULAR ENGAGEMEN
Slide 22: Full-Scale Prototype
FULL-SCALE PROTOTYPE FIRST PUSHER MOTOR RUN Check the engine’s performance and the communication between the pusher inverters and the Remote Pilot Station (RPS) Verify the pusher inverters were properly installed on the aircraft and are operating as designed This information belongs to Eve and canno
Slide 23: Full-Scale Prototype
FULL-SCALE PROTOTYPE FIRST PUSHER MOTOR RUN This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 23
Slide 24: Unparalleled Infrastructure
UNPARALLELED INFRASTRUCTURE GPX site in Brazil to host Eve’s flight tests Simulate actual conditions to which rotors with state-of-the-art infrastructure will be subjected in flight This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 24 24
Slide 25: 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 26: eVTOL Development Phases
eVTOL DEVELOPMENT PHASES We are here TC | EIS TYPE CERTIFICATION & JOINT DETAILED ENTRY INTO SERVICE PRELIMINARY INITIAL VERIFICATION 2027 DEFINITION DESIGN DESIGN DESIGN 2025/2026 9M 2024 1H2025 2022 2023 DEFINITION OF INTERFACES DEFINITION OF MANUFACTURING SYSTEMS PRELIMINARY PROJECT REVIEW SUPPLI
Slide 27: First eVTOL Production Site Selected
FIRST eVTOL PRODUCTION SITE SELECTED TAUBATÉ - SÃO PAULO, BRAZIL • Production facility situated within Embraer’s existing unit that will be expanded • Strategic logistical location, proximity to Embraer’s headquarters in São José dos Campos and Eve’s engineering and business team This information be
Slide 28: 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 This information belongs to Eve and cannot be used or reprod
Slide 29: eVTOL, Services & Vector Customers
eVTOL, SERVICES & VECTOR CUSTOMERS* eVTOL SERVICES & SUPPORT AIR TRAFFIC CONTROL (EVE TECHCARE) (VECTOR) 28 customers in 14 customers in 21 customers in 9 countries 8 countries 10 countries ~2.8K ~$14B $1.6B Aircraft Pre-order Book Value Potential Revenue Based on current List Price This information
Slide 30: Eve's 2024 Recap
EVE’S 2024 RECAP $ AIRX LoI FINAL eVTOL HELIINC LoI 50 eVTOL, $96M START OF $50M AIRWORTHINESS 50 eVTOL, TECHCARE CAPITAL PROTOTYPE TECHCARE CITIBANK CRITERIA TECHCARE & VECTOR RAISE GROUND TESTS LAUNCH LOAN PUBLISHED & VECTOR 2024 VECTOR 100% 1ST PROTOTYPE $90M EMBRAER/CAE ATM $35M LAUNCH SUPPLIERS
Slide 31: Financial Performance
FINANCIAL PERFORMANCE USD millions 4Q24 4Q23 FY24 FY23 INCOME STATEMENT Research & Development (R&D) (33.7) (33.6) (129.8) (105.6) Selling, General & Administrative (SG&A) (6.2) (5.3) (26.5) (23.1) Change in fair value of derivative liabilities (5.4) (0.6) 7.0 (10.4) Interest Income / Other Non-Oper
Slide 32: ~$770M Raised Since 2022
~$770M RAISED SINCE 2022 IPO NYSE - 2022 DEBT - 2023 NEW EQUITY - 2024 R&D standby facility | 12-year maturity 3–4-year grace period | 5-6% interest rate disbursement 2023-2025 + FINANCIAL INVESTORS $400 million $100 million $96 million NEW DEBT - 2024 ~$770 million $125 million + $50 million in fun
Slide 33: Path to Revenue & Profitability
PATH TO REVENUE & PROFITABILITY eVTOL BRAZIL BNDES 1ST PROTOTYPE 1ST PROTOTYPE CERTIFICATION ARCHITECTURE PRODUCTION 1ST DELIVERY CREDIT LINE ROLL OUT FLIGHT TESTS CAMPAIGN DEFINITION FACILITY 2022 2023 2024 2025 2027 SUPPLIERS CAPITAL PROTOTYPE LOIs–FIRM ORDER ASSEMBLY OF TYPE IPO SELECTION RAISE G
Slide 34: Significant Long-Term Upside
SIGNIFICANT LONG-TERM UPSIDE Eve - Revenue Potential Peer Valuation P/Sales Airbus 1.9x Boeing 1.8x Embraer 1.3x Aviation average 1.7x Tesla 9.6x Rivian 2.8x Lucid 9.4x Polestar 1.1x Electric Vehicles 5.7x 4.1x 1.9x 0.9x 0.4x Average 3.7x Implied Price $3.70/shr $8.00/shr $17.50/shr $36.00/shr *Incl
Slide 35: 2025 Milestones
2025 MILESTONES FULL-SCALE PROTOTYPE FIRST FLIGHT AND START OF FLIGHT TESTS ALIGNMENT OF DETAILED CERTIFICATION PLAN WITH ANAC (BRAZIL) AND FAA (US) INITIAL PRODUCTION OF CERTIFICATION PROTOTYPE PREPARATION OF eVTOL MANUFACTURING AND TESTING FACILITIES $ 2025 TOTAL CASH CONSUMPTION BETWEEN $200 AND
Slide 36: 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 37: 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 38: 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 39: Sustainability Beyond Climate Change
SUSTAINABILITY BEYOND CLIMATE CHANGE | Decarbonizing Aviation Commitments Developing zero-carbon aviation products by 2050 Carbon neutrality in operations by 2040 100% renewable electricity consumption in all operations by 2030 Carbon neutral growth starting in 2022 50% diversity in hiring across al
Slide 40: Eve's End of Life Battery Lifecycle
EVE’S END OF LIFE BATTERY LIFECYLE Suppliers' transparency: environmental compliance, product composition, reverse logistics, appropriate destination procedures BAE Systems and Eve collaborating on end-of-life battery capabilities Eve to offer battery swap, second life options and end-of-life soluti
Slide 41: 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 42: Up and Forward!
UP AND FORWARD! Forward Looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “a