Amit Dayal

Austin Moeller

Edison Yu

Jesse Sobelson

Savanthi Syth

- Vertical Aerospace (EVTL) positions itself as a "clear winner" in the eVTOL market, emphasizing its aerospace engineering expertise, a team that has certified over **30 aircraft**, and the VX4's superior safety (one in a billion chance of failure), larger capacity, and powerful battery technology, including a hybrid variant.  **[1867102_2162535_1]** **[1867102_2162535_4]** 
- The company has strengthened its financial position by restructuring its balance sheet, equitizing **$130 million of debt**, and raising **$160 million** in funding, providing cash until **mid-next year**.  **[1867102_2162535_3]**  This is supported by an order book exceeding **$6 billion** from major airlines such as American Airlines, Japan Airlines, and Air Asia.  **[1867102_2162535_1]** 
- Vertical Aerospace is pursuing certification under EASA and CAA (UK) to the highest global safety standards, with the final phase of flight testing, demonstrating full transition from helicopter to aircraft flight, expected in **Q4 this year**.  **[1867102_2162535_4]** **[1867102_2162535_5]**  The company projects generating **$100 million in free cash flow by 2030**.  **[1867102_2162535_7]**

Vertical Aerospace Provides Update at Litham Partners Fall 2025 Investor Conference

- Vertical Aerospace (EVTL) announced on **September 17, 2025**, that it requires an additional **$700 million** in capital to achieve certification of its all-electric VX4 aircraft by **2028**.  **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:0]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:2]** 
- The company projects achieving **cash break-even by the end of 2029**, with **over $100 million in positive free cash flow in 2030**, and anticipates generating **approximately $1.0 billion in consolidated annual revenues by 2030** at a **20% gross profit margin**.  **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** 
- Operational targets were revised upwards, including cumulative aircraft deliveries of **at least 175 units by end 2030** and an annual production run-rate of **greater than 225 units by Q4 2030**.  **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** 
- Initial manufacturing facilities have been secured, including an expanded aircraft assembly site at Cotswold Airport with capacity for **over 25 VX4 aircraft annually**, and an expanded battery production facility in Avonmouth, tripling capacity.  **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:0]** **[1867102_0001104659-25-090583_tm2526227d1_ex99-2.htm:1]** **[1867102_0001104659-25-090583_tm2526227d1_6k.htm:2]**