Vertical Aerospace : Company Overview

Vertical Aerospace

Company Overview

NYSE: EVTL / August 2023

Legal Disclaimer

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements other than statements of historical facts contained in this presentation may be deemed to be forward-looking statements.

Statements regarding the design and manufacture of the VX4, our future results of operations and financial position, business strategy and plans and objectives of management for future operations, the certification and the commercialization of the VX4 and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the differential strategy compared to our peer group, expectations surrounding pre-orders and commitments, the features and capabilities of the VX4, the transition towards a net-zero emissions economy, expected financial performance and operational performance, liquidity, growth and profitability strategies, our ability and plans to raise additional capital to fund our operations, our plans to mitigate the risk that we are unable to continue as a going concern, as well as statements that include terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "forecasts", "projects," "contemplates," "believes," "estimates," "predicts," "aims", "potential", "are likely to" or "continue" or the negative of these terms or other similar expressions of a future or forward-looking nature.

Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; our potential inability to produce, certify or launch aircraft in the volumes or timelines projected; our potential inability to obtain the necessary certifications for production and operation with any projected timeline, or at all; any accidents or incidents involving eVTOL aircraft could harm our business; our dependence on partners and suppliers for the components in our aircraft and for operational needs; the potential that certain of our strategic partnerships may not materialize into long-term partnership arrangements; all of the pre-orders are conditional and may be terminated at any time and any pre- delivery payments may be fully refundable upon certain circumstances; the inability for our aircraft to perform at the level we expect and may have potential defects; any potential failure to effectively manage our growth; we have previously identified material weaknesses in our internal controls over financial reporting which if we fail to properly remediate, could adversely affect our results of operations; our inability to recruit and retain senior management and other highly skilled personnel; our ability to raise additional funds when we need or want them, or at all, to fund our operations; our limited

cash and cash equivalents and recurring losses from our operations raise significant doubt (or raise substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern; investor confidence in us and the market price of our ordinary shares, as a foreign private issuer we follow certain home country corporate governance rules, are not subject to U.S. proxy rules and are subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 22, 2023, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this presentation, including any technical, operational and performance specifications, potential service offerings, pricing, and other metrics, data and details, are indicative estimates as of the date of publication and are based on our most recent performance and costing analyses (where available, or otherwise based on current design targets), current business plans, and its understanding of current and likely future relevant regulatory frameworks and requirements for certification. Undue reliance should not be placed on such statements. All such details are preliminary and subject to change without notice as we move through our demonstration, testing and certification programme, and through to commercial manufacture of VX4.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations.

These statements are based upon information available to us as of the date of this presentation, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information.

Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified you should not rely on these forward-looking statements as predictions of future events.

The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise, other than to the extent required by

applicable law. Vertical qualifies all its forward-looking statements by these cautionary statements. Unless otherwise indicated, information contained in this presentation concerning our industry, competitive position and the markets in which we operate is based on information from independent industry and research organizations, other third-party sources and management estimates. Management estimates are derived from publicly available information released by independent industry analysts and other third-party sources, as well as data from our internal research, and are based on assumptions made by us upon reviewing such data, and our experience in, and knowledge of, such industry and markets, which we believe to be reasonable.

In addition, projections, assumptions and estimates of the future performance of the industry in which we operate and our future performance are necessarily subject to uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in the estimates made by independent parties and by us. Such data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Industry publications, research, surveys and studies generally state that the information they contain has been obtained from sources believed to be reliable, but that the accuracy and completeness of such information is not guaranteed and has not been independently verified by Vertical.

Market and industry data are subject to change and may be limited by the availability of raw data, the voluntary nature of the data gathering process and other limitations inherent in any statistical survey of such data. Forecasts and other forward-looking information obtained from these sources are subject to the same qualifications and uncertainties as the other forward-looking statements in this presentation.

This presentation contains references to trademarks, service marks and trade names owned by Vertical Aerospace Ltd or Vertical Aerospace Group Ltd or belonging to other entities, which are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products or services or imply a relationship or sponsorship of any company. All trademarks, service marks and trade names included in this presentation are the property of their respective owners.

The contents of this document are proprietary to Vertical. Copyright Vertical Aerospace Group Ltd 2023. All rights reserved.

Proprietary

Pioneering Electric Aviation -

Vertical in Numbers

2016	c.300		3
Company	Employees		Prototypes
Founded	Globally		Flown
Up to100	0		10^-9
Miles of Range	Emissions in		1 in a Billion
	Operations	Catastrophic Failure Rate
1,400+	$5B+		c.50%
Aircraft already	Value of		Required Capital
pre-ordered	Pre-order Book		vs Peers
		1. Conditional pre-orders
		2.	Estimated value of the pre-order book
		3.	EASA SC-VTOL 2019 [link]
		4.	Based on company estimations

Why Vertical?

Speed

Flying a Full-Scale Prototype

A Focused Business Model

A Winning Team

Scale

A Global Market

A Product Our Customers Love A Leading Pre-Order Book

Certainty

Tier 1 Industrial Partners

Certifying Proven Technology

Low Capital / High Margin

Speed -

Flying a Full-Scale Prototype