Group 1 - Vertical Aerospace has secured a financing package of up to $850 million, leading to a more than 4% increase in its US-listed shares [1] - The company raised $50 million in equity capital and anticipates an additional $30 million soon, aiming for approximately $160 million in working capital to fund operations through 2026 [2] - The financing package includes access to up to $800 million in capital through 2027 and beyond, intended to support flight testing, certification, and initial production of its Valo aircraft [3] Group 2 - The financing is part of a broader industry trend where air taxi startups are investing heavily to secure regulatory approvals and commercialize eVTOL aircraft, addressing the demand for faster and more sustainable urban transportation [4] - Vertical Aerospace has partnered with Mudrick Capital Management and Yorkville Advisors Global to assemble the financing package, with Mudrick extending Vertical's convertible debt and Yorkville providing about $250 million in convertible preferred shares [5]

Core Insights - The company adopts a 'certification-focused' approach for flight testing, utilizing prototype testing to simulate regulatory procedures with the UK CAA to mitigate future redesign risks [1] - The Valo aircraft is designed as a 'category killer' with a modular cabin for 4 to 6 passengers and a dedicated luggage bay, aligning with commercial airline standards [1] - The company is shifting from a pure electric OEM to a dual-track strategy, planning to integrate a turbo-generator for the hybrid defense market by 2029 [1] Operational Progress - The company has completed nearly 100% of its 2025 milestones, with the final 'transition' phase currently in the 'tail end of the S-curve', despite facing significant weather-related delays [1] - The Critical Design Review (CDR) for the aircraft's components is approximately 75% to 80% complete, with finalization expected in 2026 [1] Strategic Focus - The company has shifted its core value driver in-house to proprietary battery technology while outsourcing commoditized aerospace components to Tier 1 partners to reduce capital intensity [1] - Management emphasizes a model that relies on partnerships with Tier 1 aerospace companies [1]

2025 Full Year Earnings Confidential. ©Vertical Aerospace Group Ltd 2026. All rights reserved. Disclaimer The following presentation has been prepared by Vertical Aerospace Ltd. ("Vertical," "Company," "we" or "our"). This presentation may not be reproduced or distributed, in whole or in part. No Representations and Warranties 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 ma ...

Company Overview - Vertical Aerospace Ltd. (NYSE:EVTL) is an aerospace technology company focused on designing and manufacturing zero-emission electric vertical takeoff and landing (eVTOL) aircraft [5] - The company's flagship aircraft, the VX4, aims to advance air mobility and promote sustainable urban travel [5] Recent Developments - On December 10, Vertical Aerospace unveiled its new eVTOL aircraft, Valo, which follows the VX4 prototype and is designed with high safety protocols [3] - The Valo aircraft is expected to undergo rigorous testing and customer feedback, with planned certification set for 2028 [3] Market Performance and Analyst Ratings - As of December 22, Vertical Aerospace has received coverage from 4 analysts, all of whom have rated the stock as Buy, with a consensus target price of $12.33, indicating a potential upside of 116% for investors [1] - On December 15, Needham analyst Chris Pierce reiterated a Buy rating for the stock and raised the target price from $9 to $11, suggesting a 103% upside at the current rate [2] Economic Impact - The introduction of the Valo aircraft marks the UK's return to aircraft manufacturing, with initial estimates suggesting it will contribute approximately £3 billion annually to the economy and create over 2,000 high-skilled jobs [4]

Core Viewpoint - Vertical Aerospace has entered into a Memorandum of Understanding with Héli Air Monaco for the pre-order of its Valo aircraft, marking a significant step towards sustainable air mobility in the Côte d'Azur region [1] Group 1: Company Overview - Vertical Aerospace is a global aerospace and technology company focused on pioneering electric aviation [1] - The Valo aircraft was unveiled in London and is designed to offer a premium cabin experience [1] Group 2: Partnership Details - The MoU with Héli Air Monaco signifies the company's commitment to advancing sustainable air travel [1] - Héli Air Monaco is recognized as the founding helicopter operator in the French Riviera, enhancing the strategic importance of this partnership [1]