Investor Presentaiton

Illustrative EVA Unit Economics Management estimates that EVA will initially enable a modest reduction in flying cost on key routes, with further savings expected over time 1. 2. 3. -$900 Per Hour ~$600 Per Hour Traditional Rotorcraft Fixed Costs Direct Operating Costs (1) Electric Vertical Aircraft ~$600-900 Per Hour Fixed Costs Over time, aircraft may fly more hours per year, reducing these costs (2) ~$300-500 Per Hour Direct Operating Costs Future maintenance savings and improved battery technology may reduce these costs(1)(3) ။ II Illustrative West 30th Street to JFK Economics -$1,500 Hourly Rate Hourly Rate * Duration of Flight Flight Cost + Landing Fee ~$900-$1,400 Hourly Rate For comparison purposes, Bell 407 GXi Direct Operating Costs are $589.31 / hour, including maintenance, fuel and engine reserve, as per Bell product specifications published in January 2020 Additional pilots and training are required to manage duty requirements depending on aircraft usage (i.e. hours flown per year) Management estimate of EVA direct operating costs includes electricity costs (including vertiport markup), battery replacement, and maintenance reserve BLADE Total Cost $1,500 0.2 Hours $300 $200 $500 Illustrative West 30th Street to JFK Economics Hourly Rate * Duration of Flight Flight Cost + Landing Fee Total Cost $1,150 0.2 Hours $230 $200 $430 35 55

View entire presentation