Eve : 1Q26 Earnings Results Presentation

Published: 2026-05-05 06:37:12 ET EVEX

Published on 05/05/2026 at 06:37 am EDT

‌1 Q 2026 UPDATE

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M a y 5 , 2 0 2 6

‌PROTOTYPE FLIGHT CAMPAIGN

70 2:31

TOTAL FLIGHTS

2h 27min

10 Christmas / New

10 11

45 6

118920

5512

4489

46 47

41 42

35 3637

28 29

Software upload &

5859

2:09

1:48

1:26

1:04

0:43

0:21

TOTAL FLIGHT TIME 1

Year's break 2 3

tests for envelope

expansion

0:00

-Dec-25 03-Jan-26 18-Jan-26 02-Feb-26 17-Feb-26 04-Mar-26 19-Mar-26 03-Apr-26 18-Apr-26

Total flights, left axis Total time (hour:minutes), right axis Denotes two flights / day

As of May 4, 2026

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‌PROTOTYPE FLIGHT CAMPAIGN

130+ Flight-test Points Executed

First Autoland Demonstration

FLY-BY-WIRE

Fly-By-Wire Modes Testing

215ft Above Ground Level, a New Campaign Record

2h25min Accumulated Flight Time

Consistent Behavior During Maneuvers with Simultaneous Four-axis Inputs

Aircraft Reached 30 Knots Of Airspeed

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‌KNOWLEDGE GAINS FROM HOVER FLIGHTS

Greater vehicle maturity as real data feeds predictive models

Significant learnings & improvements in ground effect modelling

Structural loads aligned with expectations, performance prediction tools refined with actual flight data

Better-than-expected thrust & battery performance

Well-understood noise/vibration behavior, fully consistent with engineering models

On track for envelope expansion and initiate transition

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Ong o ing and nex t st eps

1st Flight

Dec. 2025 - 2Q2026

3Q2026

4Q2026

2027

HOVER FLIGHTS

Hover Flights Completed (~60 flights)

Campaign in-line with Schedule

Pusher C Actuators Final Ground Tests for Transition

Load of Flight Control Computer Software Update for Transition

TRANSITION FLIGHTS

Flights Above 30 knots

Pusher, Actuators C Lifters Engaged

Initial Transition Flights

Full Transition Flights

FINAL ASSESSMENT

Failure Simulation

Response C Procedures

Pilot in the Loop to Test Protocols

CONFORMING PROTOTYPES

Suppliers' Final Design Review of Conforming Prototype

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Flight demonstration at GPX facility with

authorities, including Brazil's President

ANAC meeting at Eve's Brazil office

Japan's JCAB and Brazil's ANAC Cooperation Agreement for

Certification of eVTOL Aircraft Eve applied for EASA Type

Certification, following

ANAC and FAA

FAA and ANAC meeting at Eve's Florida

office

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Largest Global Helicopter Conference

+600 exhibitors |15,000 attendees

Elevate Eve's visibility to penetrate the helicopter

segment for opportunities

Gather industry insights and competitive intelligence

eVTOL operations complementary to rotorcraft

operations

Develop opportunities for air traffic control software (Vector) within traditional rotorcraft operations

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Designed to Ensure Safety, Accessibility, and Comfort

Customers in 9 Countries

The Ultimate All-in-one Service Portfolio for eVTOLs

Customers and Partners in 8 Countries

Eve's Unique Urban Air Traffic Management Software Solution

Customers and Partners in 10 Countries

Pre-ordered eVTOLs

(Firm + LOIs)

~$13.5B Pre-order Book Value*

Under Binding Agreement

~$500M Under Binding Agreement*

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* Based on current List Price This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 8

Record cash position of $441 million at 1Q26

$150mn new syndicated loan completed in Jan. '26

New synergies with Embraer identified to reduce

cash burn and extend cash runway

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Eve and cannot be used or reproduced without written permission from the Company.

1Q26 cash consumption in line with guidance

HIGHEST TOTAL LIQUIDITY SINCE IPO

$578M

Assuming cash burn of ~$250mn / year

SUPPORTING OPERATIONS UNTIL

2026 Expected Cash Consumption

~$225 to 275 million

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USD millions 1Q26 1Q25

INCOME STATEMENT

Research C Development (RCD)

Selling, General C Administrative (SGCA)

(5G.1)

(7.2)

(44.7)

(7.G)

Interest Income / Other Non-Operating Expenses, net

(2.4)

3.3

Net Earnings / (Loss)

(68.8)

(48.8)

CASH FLOW

Net Cash Used in Operating Activities

(68.1)

(24.G)

Net Additions to PPCE

(0.5)

Free Cash Flow*

(68.6)

(25.3)

Net Cash Provided by Financing Activities

117.1

G.3

BALANCE SHEET

Property, Plant C Equipment (PPCE)

12.0

1.G

Other Assets

31.2

14.7

Total Payables

125.0

82.1

Cash, Cash Equivalents, Financial Investments (Beg. of period)

3G2.5

303.4

Cash, Cash Equivalents, Financial Investments (End of period)

441.1

287.6

Total Debt

2GG.2

142.3

Total liquidity including BNDES Standby Facility, and grant**

577.7

410.3

Notes

* Free Cash Flow is a non-GAAP measure and includes Net Cash Used in Operating Activities, Net Additions to PPCE

** Total Liquidity is a non-GAAP measure and includes Cash, Cash Equivalents, Financial Investments and undrawn BNDES standby facility

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‌This information belongs to Eve and cannot be used or reproduced without written permission from the Company.

‌Disclaimer

The information contained herein has been prepared by Eve Holding, Inc. (the "Company") for informational purposes only. No representation or warranty, express or implied, is made regarding the accuracy or completeness of the information contained herein.

This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation."

This Presentation contains certain forward-looking statements about the Company's plans, expectations, forecasts and future performance. Forward-looking statements may be identified by the use of the words such as " estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "strategy," "future," "opportunity," "may," "could," "target," "should," "will," "would," "will be," "will continue," "will likely result," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the Company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. For example, statements concerning the following include forward-looking statements: the expected timeline for receipt of type certification from certification authorities, including ANAC and FAA, and beginning aircraft production; the expected number of eVTOL deliveries; the potential revenues from eVTOL and customer services; the expected future market share and number of customers; the number of vehicles in the Company's pipeline and its pipeline value; the eVTOL list price at entry into service; any indications of interest in the proposed investment. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. These statements reflect management's current beliefs of the date of this Presentati on and are based on information currently available to management. Forward-looking statements are necessarily based upon a number of estimates and assumptions, whether or not identified in this Presentation, that, while considered reasonable by management, are inherently subject to known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from historical results or those anticipated. These risks and uncertainties include, but are not limited to, those set forth in the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the Company's other filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update such forward-looking statements to reflect new events or circumstances or otherwise.

This information belongs to Eve and cannot be used or reproduced without written permission from the Company.

Disclaimer

Eve Holding Inc. published this content on May 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2026 at 10:36 UTC.