Vertical Aerospace : Overview

Published: 2025-06-23 11:57:10 ET EVTL

Published on 06/23/2025 at 11:57

Disclaimer

The following presentation and any other materials distributed at or in connection with the presentation (collectively, this "presentation") has been prepared by Vertical Aerospace Ltd. ("Vertical" or "Company").

No Representations and Warranties

This presentation is for informational purposes only. This presentation is not intended to form the basis of any investment decision and does not constitute investment, tax or legal advice. The information contained in this presentation is derived from various internal and external sources, is preliminary in nature and is subject to change, and any such changes may be material. Vertical disclaims any duty to update the information contained in this presentation. The technical, operational and performance specifications, potential service offerings, pricing, and other metrics, data and details, referred to in this document are indicative estimates as of the date of publication and are based on Vertical's most recent performance and costing analyses (where available, or otherwise based on current design targets), current business plans, and its understanding of current and likely future relevant regulatory frameworks and requirements for certification. The VX4 aircraft is not yet certified. All such details are preliminary and subject to change without notice as we move through our demonstration, testing and certification programme, and through to commercial manufacture of VX4. Details of VX4 in this document relate to the baseline model VX4, not future variants which may be adapted for heat or other climatic extremes, altitude, or other flight environments or specific uses or configurations. No representation or warranty, express or implied, is or will be given by Vertical or any of its affiliates, directors, officers, employees or advisers or any other person as to the accuracy or completeness of the information in this presentation or any other written, oral or other communications transmitted or otherwise made available to any party and no responsibility or liability whatsoever is accepted for the accuracy or sufficiency thereof or for any errors, omissions or misstatements, negligent or otherwise, relating thereto. No representation is made as to the reasonableness of the assumptions made within or the accuracy or completeness of any projections or modeling or any other information contained herein.

No Offer or Solicitation

This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of the U.S. Securities Act.

Industry and Market Data

In this presentation, Vertical relies on and refers to certain information and statistics obtained from third-party sources which it believes to be reliable. Vertical has not independently verified the accuracy or completeness of any such third-party information

Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act.

Any express or implied statements contained in this presentation that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the design and manufacture of our eVTOL aircraft, potential revenue opportunities, our future expected results of operations and financial position including expected net cash outflows for FY 2025, the features and capabilities of the VX4 and the hybrid-electric VX4 variant, our business strategy and plans and objectives of management for future operations, including, amonp others, the building and testing of our prototype aircrafts, hybrid-electric variant and battery technology on timelines projected, completion of piloted test programme phases, selection of suppliers, certification and the commercialization of both the VX4 and the hybrid-electric VX4 variant and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, our ability to integrate hybrid technology into the VX4 on any particular timelines or at all, the ability of the hybrid-electric VX4 variant VX4 to be applied in defense, cargo, logistics and emergency services sectors, our ability to scale the hybrid-electric VX4 upon the VX4, statements regarding the liquidity, prowth and profitability strategies, our plans for capital expenditures, trends in sovereign defense budgets, the expectations surrounding pre-orders and commitments, the safety features of the VX4, as well as statements that include the words "expect," "intend," "plan," 'believe," "project," "forecast," "estimate," 'may," "should," "anticipate," "will," "aim," "potential," "continue," "are likely to" and similar statements of a future or forward-looking nature.

Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our limited cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a poing concern; our potential inability to produce or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; the inability for our aircraft to perform at the level we expect and may have potential defects; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; our dependence on partners and suppliers for the components in our aircraft and for operational needs; the potential that certain strategic partnerships may not materialize into lonp-term partnership arrangements; all of the pre-orders received are conditional and may be terminated at any time and any predelivery payments may be fully refundable upon certain specified dates; rapid technological changes; any circumstances; any potential failure to effectively manape our growth; our inability to recruit and retain senior management and other hiphly skilled personnel; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations, investor confidence in us and the market price of our ordinary shares; as a foreign private issuer we follow certain home country corporate governance rules, are not subject to U.S. proxy rules and are subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U S. domestic public company; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 20-F filed with the U S. Securities and Exchange Commission ("SEC") on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC.

Any forward-looking statements contained in this presentation speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. In addition, projections, assumptions and estimates of the future performance of the industry in which we operate and our future performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by us. Such data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates.

Trademarks

This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM or symbols, but Vertical will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights.

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Vertical Aerospace

A leading pioneer in electric aviation

Urban air mobility is on the cusp of becoming a reality

Vertical Aerospace ("Vertical") is one of the clear leaders in the eVTOL space

The right aircraft design, with proven piloted flight test progress

A market leader in battery technology

Only vectored thrust eVTOL with highest safety precaution standards

Hybrid (electric/fuel) powertrain for defense and cargo applications expected to be flying in Q2 2026

Similar progress toward certification as key competitors with -75% lower

Best-in-class engineering and certification capabilities

Focused OEM business model

Strong leadership from management and board

Based on publicly oval/a6/e filings from Joby and Archer for full years since listing 2021-2024 for operating cosh + investment in PPE; outperformonce comparatively to peers is largely otfri6utoble to minimal infrastructure del/drequired

to operate fee aircraft, 50% cheaper cost of engineers, and ability to lean on successful partnerships

Vertical Highlights S'

Strong Urban Air Mobility Demand Fundamentals and Large Projected Total Addressable Market (TAM)

Advanced Air Mobility (AAM) and Urban Air Mobility (UAM) combined TAM of $1Tn estimated by 2040, reaching $9Tn by

Transport/Logistics and Military/Government TAMs are expected to reach $520Bn and $10Bn, respectively, by

Focused Business Model Designed to Successfully Commercialize the VX4 Aircraft

One of the leading eVTOL platforms with entrepreneurial culture and industry-leading management and board

Pure-play OEM with strong industrial partnerships

The VX4 Aircraft Coupled with Leading Proprietary Battery Technology and Hybrid Powertrain in Development

The right aircraft for the best customer experience

Revolutionary battery technology developed in-house through rigorous testing and learning cycle

Requirement for replacement batteries expected to provide ongoing revenue stream for growing installed base of VX4

Well-defined Path to Certification at the Highest Safety Standards

Clearly defined and achievable certification milestones

Similar progress toward certification as other eVTOLs with -75% lower spend than

Uniquely certifying to the same 10 standard as large commercial passenger

Large Diversified Customer Base and Significant Market Opportunity

MOUs in place for 1,500 aircraft with 12 globally diversified customers, demonstrating a high level of end-user demand

Significant market opportunity for defense and cargo applications through hybrid powertrain

Attractive and Achievable Long Term Business Plan

Cash break-even expected in 2030 to be supported by revenue mix moving toward 50/50 aircraft and battery sales, driving 40% gross margin as production scales

Further use cases are upside opportunities to the current business case (hybrid, defense, emergency services, cargo)

Long-term high margin battery revenue as each aircraft is expected to need 1-2 batteries per year for more than 20 years

la// Street Research

Based on publicly available f//ings for full years since listing 2021-2024 for operating cash +

/nvestmenf in PPE

EASA's SC- VTOL regulations; 10 ' is the highest level of safety certification as required for

large commerc/o/ passenger aircraft across global aviation regulators; This level of sofefy

exceeds the targeted catastrophic failure rote of key competitors cerfify/ng to 10-^ 4

Recent Actions Proactively Address Investment Headwinds and* Clear the Path to Takeoff

$150M Transaction Completed December 2024

50% of Convertible Loan Note equitized

Conversion rate of remaining Note fixed and maturity extended to 2028 in line with business plan timing

Dilution from conversion quantified and capped

$90M New Equity in January 2025

Capital Investment from existing and new investors in January

Capital support from insiders incl. $25M from Mudrick Capital, largest shareholder; >$60M from new shareholders

Funding Supports Delivery of 2025 Goals

Q1 2025 Net Cash Used in Operating Activities: E21M (c.$28M)

Net Cash Outflows from Operating Activities for FY 2025!1 : Expected approximately E90M - E100M (c.$110M - c.$125M)

No fe: foreign exchange safe used for FY 2024 cosh: £1/81.2529; for March 51, 2025: £1/81.291; for January 2025 raise: £1/1.2484

(1) Per monogemenf est/mafes 5

Disclaimer

Vertical Aerospace Ltd. published this content on June 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 23, 2025 at 15:56 UTC.