EVE-100 DESIGN EVOLUTION eVTOL DESIGN REFINEMENTS ENHANCE PASSENGER EXPERIENCE, IMPROVE OPERATIONAL EFFICIENCY AND SAFETY A U G U S T 6 , 2 0 2 5 This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 2 Q 2 5 E V E U P D A T E This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 2 2 • Wheeled taxing-gear option • Re-designed and more aerodynamic wing • Optimized cabin interior with lightweight sea ...

Core Insights - Eve Air Mobility has signed a binding framework agreement with Revo and its parent company Omni Helicopters International to purchase up to 50 eVTOL aircraft, marking a significant step in urban air mobility [1][2] - The agreement signifies a transition from development to execution for Eve, enhancing its position in the UAM market and demonstrating confidence in its technology [2][4] - Revo will be the launch operator for Eve's eVTOLs in São Paulo, with the first delivery expected in Q4 2027, aiming to provide a sustainable and efficient urban transport solution [2][3] Company Overview - Eve Air Mobility is focused on advancing the Urban Air Mobility ecosystem, leveraging Embraer's aerospace expertise and offering a comprehensive support network for eVTOL operations [6] - Revo, founded in January 2024, aims to provide a seamless door-to-door travel experience in São Paulo, integrating aerial and ground transportation [10] - Omni Helicopters International is the largest provider of air mobility solutions in Latin America, with a diverse portfolio catering to various customer segments [7][8] Strategic Importance - The partnership between Eve, Revo, and OHI is a strategic collaboration aimed at revolutionizing urban mobility and enhancing connectivity in congested cities [4][5] - The eVTOL aircraft will enable Revo to offer a fully electric and sustainable service, significantly reducing travel time between key locations in São Paulo [3][5] - The agreement includes access to Eve's TechCare package, which provides operational support to maximize fleet performance [4]

Financial Data and Key Metrics Changes - The company raised $270 million in 2024 through a mix of debt and equity instruments, enhancing its liquidity position to $429 million, which is three times its 2024 cash consumption [10][26]. - The net loss reported for Q4 2024 was $40 million, with a total annual loss of $138 million [29]. - Cash flow from operations consumed $40 million in Q4 and $141 million for the full year, aligning with the guidance range of $130 to $170 million [30]. Business Line Data and Key Metrics Changes - The company invested $34 million in program development during Q4 and $130 million for the full year, primarily focused on eVTOL development [28]. - The total pre-order backlog stands at approximately 2,800 aircraft, valued at around $14 billion, with non-binding letters of intent from 28 customers across nine countries [21][22]. Market Data and Key Metrics Changes - The company has secured contracts with 14 customers for its Eve TechCare suite, potentially generating up to $1.6 billion in revenue over the first few years of operation [22]. - There are 21 customers for the air traffic management solution, Vector, indicating a strong market position [23]. Company Strategy and Development Direction - The company is focused on developing a complete eVTOL solution, including design, manufacturing, sales, and maintenance services [28]. - Plans for 2025 include concluding ground test phases and initiating flight test campaigns, with a goal to have the first flight by mid-2025 [32][34]. Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of certification progress for customer confidence in purchasing vehicles, indicating that the order book is fluid and subject to changes based on market conditions [50][52]. - The company is actively engaging with certification authorities to ensure a harmonized certification process across different regions [63]. Other Important Information - The company completed the assembly of its full-scale engineering prototype and is preparing for flight tests [12][18]. - The Basis of Certification by ANAC has been published, establishing airworthiness criteria for eVTOL in Brazil [11]. Q&A Session Summary Question: Can you provide more color on the cash burn for this year? - The company expects cash burn to increase to between $200 million and $250 million in 2025, primarily focused on eVTOL development and production facility investments [40][42]. Question: Can you discuss the order book and LOIs converting? - The order book decreased from 2,900 to 2,800 aircraft, but the dollar amount remains significant. The company is focused on customer solutions beyond just the vehicle [49][51]. Question: What are the differences between the current prototype and the conforming prototypes? - The current prototype is a simplified unmanned vehicle, while conforming prototypes will have the necessary redundancies and safety levels for certification [56][57]. Question: How many prototypes are expected to be built for certification? - The company plans to build five prototypes for the certification campaign, similar to previous Embraer programs [65]. Question: Will the CapEx cover the full build of the manufacturing facility? - The total CapEx for the manufacturing plant is expected to be around $100 million, with the majority spent in 2026 [71]. Question: Is the TechCare offering actively marketed? - The TechCare offering is being marketed to customers, focusing on ensuring operational availability and optimized operating costs [75]. Question: Are there investments being made in infrastructure for eVTOLs? - The company is working with authorities and private companies to ensure the necessary infrastructure is in place for eVTOL operations [80].