Vertical Aerospace SPAC Presentation Deck
INTRODUCTION
VERTICAL AEROSPACE AND BROADSTONE BUSINESS COMBINATION SUMMARY
TRANSACTION
STRUCTURE
VALUATION
CAPITAL
STRUCTURE
INVESTOR DECK 2021
Vertical Aerospace Ltd to combine with Broadstone Acquisition Corp, a publicly listed
Special Purpose Acquisition Company ("SPAC")
The Trans tion is expected to close in Q4 2021
Post-closing Vertical will be listed on the NYSE with the ticker symbol "EVTL"
Fully diluted pro-forma equity value of $2.2bn and a pro-forma enterprise value of $1.8bn
0.5x 2026E revenue
1.3x 2026E EBITDA
Highly attractive valuation entry point relative to peer transactions
$394m of total gross proceeds raised to fund growth, comprising;
$305m cash currently held in trust from Broadstone
$89m of PIPE proceeds
PRIVATE & CONFIDENTIAL
INVESTORS
Microsoft
ROLLS
R Rolls-Royce
ROYCE
American Airlines
Honeywell
AVOLON
ROCKETINTERNET
40north ventures
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