Vertical Aerospace (EVTL) Lytham Partners Fall 2025 Investor Conference summary

Industry landscape and market opportunity

• eVTOL sector has consolidated from 50 to a handful of players due to technical and funding challenges.

• Over $2.5 billion invested in the industry in the past 12-15 months, signaling rapid development.

• Market for low altitude urban mobility projected to reach $9 trillion by 2050, driven by megacity congestion.

• Airlines are expected to be primary customers, with initial use cases focused on urban airport transfers.

• Regulatory frameworks are evolving globally, with the U.K., Europe, and Asia leading in readiness for eVTOL deployment.

Competitive positioning and technology

• Only two companies globally have achieved the current level of eVTOL flight; this firm has done so with over $1 billion less spent than competitors.

• Aircraft features the highest safety standard in the industry, certifying to a one in a billion chance of failure.

• Unique scalability allows for four to six passengers and significant luggage capacity, unmatched by competitors.

• Proprietary battery technology offers high power and is integral to the business model, with recurring sales.

• Hybrid version extends range to 1,000 miles, opening military and dual-use applications.

Business model and financials

• Order book exceeds $6 billion, with major airlines and operators as customers.

• Three revenue streams: electric aircraft sales, annual battery replacements, and hybrid aircraft.

• OEM model leverages partnerships with tier one aerospace firms, reducing certification risk and costs.

• Spending 75% less than competitors while maintaining a global customer footprint.

• Projected to generate $100 million in free cash flow by 2030.