EVEX - Earnings call transcript Q3 2024

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Operator

Good day, and welcome to the Eve Air Mobility Third Quarter 2024 Earnings Conference Call. [Operator instructions]. I would now like to turn the conference over to Lucio Aldworth, Head of Investor Relations. Please go ahead.

Lucio Aldworth

Thank you, operator. everyone. morning, Good Aldworth, and Lucio third of Relations Investor XXXX This wanted the to Eve, I conference our welcome at earnings is call. Director everyone quarter to

Bordais; for after their will Chief remarks, joining Johann Our questions, Couto, call open Technical more also prepared CFO, Luiz at call And the Officer, which we are point, CEO, technical today. questions. me and the on us for will join Eduardo our Valentini,

additional our pictures with the on deck have The and ir.eveairmobility.com. achievements as few We deck at show a in that slides quarter the a our testing full-scale is well as site phase our of prototype.

feel please along. to follow and So download free it

our and anticipated the may presentation turn that, occur, information, to in to will new With events future are intends, future just yet saying to generic similar Let anticipates, this assumptions, start These statements actual or or in events business publicly events expects statements. performance. based no from includes largely over statements other estimates, words continues, and obligation our that update of that by forward-looking could trends our forward-looking I political financial have market. future our and statements, subject projections in occurred. discussed economic, words about presentation Johann? presentation among or identify our With including, are and and not and in not intended circumstances current and Johann, statements forward-looking and business will, expectations conditions, our differ These results me to this events substantially undertake The circumstances are Brazil affecting those forward-looking future may, that, on both and about and we revise because factors. statements financial CEO. or other uncertainties believe, now risks, things, any

Johann Christian Jean Bordais

eventful Good thank today. morning, you and an joining quarter. the had Lucio. third We call Thanks, everyone, for

program our development the advance to and of milestones. reach continue We important

for individual time reminder, made it that completed command truck prototype we the in will test be serve has -- remotely first on a have that subscale in cockpit. this piloted no validate the ever is and of be several composite different it's July the assembly and since. This to the the rigs and and and we we a models It of engineering prototype with and back cabin improve and of made prototype started rolled material vehicle accuracy the used and truck. build As will hangar the out at the components. full-scale will to This computer control previous for to have also year,

to already in on batteries we'll We the prototype have prepping this be performed up the start now for installed talking tests, the presentation, campaign. and flight which about we're and various later

the start test start to by motors next year. month early so lift expect in can We next December, receiving the flight

to continue We we up the will aircraft partial disengaging pusher then we the initially is only will controlling engage the gradually Then and power the move the without and to lifters This flight. transition. to perform the height. hovered and tied increase full to when we'll fully transition ground move originally, flights

a to the constructive standard to fly the as supportive by of because milestone published order Civil path In in the we certification And Authority, publishing Another the respect base eVTOL to ANAC, establishes we which of working both on have Brazilian we was flying Aviation which important industry. closely are will the commercially. the parallel, working United view States, certification. agencies, continue in to FAA SFAR we with requirements

X-day support. and integrated TechCare, of which pilot program not the spare mechanics maintenance, portfolio launched least, hour parts, is Revo, flight helicopters. Sao of a customer. in conducted all feedback side, also customer their services includes partner Paulo of we fleet a logistics with a services the both Revo coordination flight the and but of very Vector, operation from for we but Now that positive software use Eve's traffic in fully Last training to our Vector the successful eVTOLs, simulation on also air our and indicated the from interest

access is an panels maintenance easy the detachable slide, advancing of because reinstalled. panels panels, next any listed or services. the easily for our the onto carbon to fiber whatever Now process. has our needed engineering with easily to We readjusted, part we installation These this in several course, tests prototype. prototype and completed then The are here. removable give And are be are engineering can battery

a with So the there to conducted in make is system. no voltage test low and that leakage the high battery on, we sure

also We the containment to of pack goal runaway in and was energy thermal event. test our here containment thermal-runaway successfully executed the the the demonstrate

the themselves each control motors and that As lifter components include the the electronics and we I currently we mentioned assembled will before, December. thrust. other's Moreover, to in tested are to receive with load vibration expect They motors conducting shapes being that and test the motors also are noise the and and the trust tool to axillary different energy equation, is section blade consumption emission. performance maximize configuration the boom in different versus the

smoothly. for working throughout the flight. measure perfectly to performance all The to other that control each among the among will also We operate guarantee make lastly, metrics also several and truck designed are systems the integrated multiple who each the truck of and and track The equipped and that sensors visual operating will integrated real-time and of have data The during they the is the other. is during monitor is the sure flight to aircraft. system goal And engineers strategically diagnostic. the we team house with several and flight to test for pilots eVTOL the Fuselage command truck the eVTOLs cameras placed all

our earnings it truck. the morning, showing following calls, on interior shows believe just outside which we this the also about the the cameras we truck. also that the published On slide, of some I talked of view we're and

to the ANAC, basis U.S. the the glad analyzing vehicle development ANAC aircraft the air We're important is in Eve's with XXXX. issued development Eve back to new This application the XXXX, milestone we for of establishes has basis can certification that authorities on process will follows campaign. progressed of guide the see compliance essential the impact moving of well. advanced eVTOL eVTOL in supportive milestone progress publication parallel, to an October Civil is industry, is certification environment and the the in a announcement validation the to towards Aviation and SFAR for guidelines and years. taking published now Federal definition operations. TC developing of validation the the general, country. of the Brazilian next of XXX as eVTOL. this the and industry, us set Eve certification test airworthiness shape allow further and the criteria ANAC and It of just will; FAA in a first our strategy is advance we're the slide. Regulation, our by in and Aviation rules the for this TYPE and pages detailing means to covers are also project. FAA the Brazil In establish for the final In important important the The Brazilian the in and that will flight in a in activities the we Now eVTOL in the of Authority the Authority, certification the an for the evaluate Brazilian certification Air milestone view FAA still certification and for coming of eVTOL basis details so standard basis document an by that mobility with also eVTOL certification technical far special seek

the initiate Our of in includes current engineering early several next knowledge XXXX, assembly year. the conforming gains our vehicles our tests first by path of prototype to and certification flight for followed flight

With our conforming to in will an certification normally leading in XX XXXX. achievable to prototypes realistic expect we test a expected programs. campaign on experience to timeline from be We XXXX, type flight development this take months the to based that our XX previous issuance which certificate start and and believe first final ready, is completed,

slide. allow services schedule suppliers schedule, our of interface. and customers and maintenance Eve of TechCare, for as business. services support also TechCare the health announcement the to system an the the recent which to and announced optimize costs. inventory on operators, maintenance especially services all-inclusive aim portfolio customer our part such to moving monitoring reduce integrates operating eVTOL some components. Now an the of next here easy-use show management The predictive highlights includes will eVTOL to run centers to to downtime We of increase and also the services We of availability and

JV, services powered ECTS. pilots, global since for differentiators. a I as training between that advanced the I an that also joint believe complete most the training how offer to distinguished handling it be And customers way. UAM successful doubt crew We one since in the beginning going as is excellence called showcases is at holistic this the ground operations will and personnel market to of also scales. and UAM Embraer the the view value the infector of XXXX. are for We CAE long-standing partnership training with maintenance, a and venture This by our Eve's and look TechCare have adds our industry no

shadow of X precisely scenarios, flight exercise We averages We of This safe including are and XXX details run vector market the eVTOL utilization alternate the airspace on world algorithm conduct simulation case. deviation in or use customer is X-day and slide, that and UAM high Revo. included was our real-life we're one vector in-flight doing. goal And carries operations weather next XX on operations the total we're minutes. the exercise that partner validate reliable Sao for the a the our XX that or with landing and constraints, monitor This to and targeting. helicopters to of second a destination, market use the location, On departure paying busiest in is Paulo. additional and that in various protocols a passengers the latest more. to in and necessary exercise the helicopter some that to part The delays the for to

a one year ago. The U.K. in was about first

$XX.X price. Now billion preorder spread of aircraft Slide intent businesses. of where total total stand different letters traditional our for value a on nonbinding XX, the visibility, countries now XX XX approximately with These based over the different X,XXX list and we are on for backlog customers to

from XX the XX first We Eve also This few billion in Vector our aftermarket services. and for to TechCare over revenues $X.X could of secured products have to contracts operation. with bring of for up customers LOIs and customers years suite different

CFO, invite the over financials to Edu, to our like checklist. go our with milestone I'd Now along

Eduardo Couto

Johann. Thanks,

liquidity recent most move Now our events. I X. start to want to Slide with

been equity. will have successful that development. fund this $XXX We capital our July believe capital balanced in a structure continue to Eve We maximize new In attract to debt very since we to mix total, raised shareholders. at our million for value and of

in X years the to Our bank to million pro peers the of quarter our of forma is consumption, gives Eve's the XXXX, advance liquidity program loans which us to industrialization above and $XXX equivalent and cash confidence including is third current certification.

from a want Eve R&D the and company Now That continue development million to with our costs financials reflecting invested during with I development. engagement highlight is said, third $XX headcounts to our activities Eve preoperational speed program more of at some associated high current up as the our mostly numbers. in our Slide suppliers. program with quarter XX,

We also bigger during reflects in quarter, a deployed the that workforce. million and $X SG&A

corporate with and to interest of million by cash offset in Higher expenses XXXX. Tier resources development in third focus third quarter our in eVTOL the a our on loss were net warrants, banks development. $XX the quarter controlling our been invested revenues the the mark-to-market of have gains of X partially We expenses resulting

flow. to cash Moving

and $XXX with approximately million cash million first $XX We credit $XX than position. $XX consumed our have in half ended is of available finance and new our consumption standby to and million liquidity total deliver on of Development which described, $XXX in the It's July the manufacturing operations third our equity both current started in loan adding assembled quarter recently milestones would preserving preapproved of the raised presented factory $XXX industrialization tests due At to XXXX. cash, increase the eVTOL published several more around the $XXX that already highlight quarter the we which million, important for of ahead still our previous Bank, to parallel, Brazilian months is as X Brazilian first R&D our from resources finance resulting loan, basis Our Johann bank up a XXXX, million or and quarter our significantly our total in we cash our line million to million in track that October Slide our new for In $XX on certification, We with flight. the guidance. October. with July. secured in XX, our We line in of in the million. with remain ANAC from drew announced the we

call we U.S. development our questions. a low conclude we consumed remarks, our year stay as guidance of the like expect $XXX far open Brazilian $XXX please cash this With would the XXXX. us at Operator, that, in lot reach been of has have proceed. million I so end currency. have million our and million helping guidance dollar currency for expenses Brazilian We of and $XXX The to in to versus the to in to higher

Operator

The comes Instructions] with Syth first Savi from James. question Raymond [Operator

Savanthi Syth

the all maybe very appreciate was just I what's 'XX updated before of in of around been in driving bit far. But end maybe kind that certification. revenue revenue terms timing come little the may looks of of some in accomplished to color outlook curious for type of that from certification any kind the it that? sources I implications And the the kind have the And slipped could come and of of so XXXX. type other what could then PDP like was like

Johann Christian Jean Bordais

here. we your some mentioned the development prototype. question. significant Savi, in speaking Yes, made you in mean, steady progress so this thank the the including much eVTOL of year, I full-scale we progress presentation, the as for Johann

also want several suppliers. a you sees with each phase went test showed of as we and but a of day, the the integration the challenging the multiple the a We're of advances of And We always phase, tests is joint As customers. pictures, our design out several those suppliers critical together. definition through component, our know. we tunnel components end also just which bring and wind with coming best for that value the we technology, at to

So, we're be the focused one. to first not

is not mature first that's exceedingly been meeting months the last mean our choice focused expectation For from I've for introduce customers. the also the on saying. we're focused I will I be to the the XX to reliable We're to right what product keep that one. be on and a the and customer. the job, of be goal And that capable

we will going ready, flight the in assemble lead flight and to knowledge, in of with the and done and conforming experience, all It out given that be July that, flight with XXXX, also to for initial engineering that's know So only. we early the flight the But go certification then everyone, start test not to have for to in to campaign flight of the prototype the the XXXX. be first the path we first completed, us will start ready also ready includes the what the prototype course, for It XX we'll to want. many, gain we 'XX, it get good be will for about conforming then, vehicle. this want mentioning and to prototype to months be conforming And all right? to be And first many XX takes we of in we're want been we've will the But campaign, certification Embraer we we've we test Once this, of year, in our it's of rolled have flight. prototype Pulborough. first will which to since times. this by course, the this engineering

can of you normal program, see, update steps. as a the innovative next as have I given that personally, very now see we challenging with visibility a also and better So a

Eduardo Couto

I as In terms of Edu the Savi, here. it's PDPs, mentioned,

engaged of super right, our They advancing. remain supportive we are super they excited, We ; with customers Eve. are are because

this also for them We are bringing development.

the really making are we operate. to that the vehicle, sure that right, making are We want right customers

to advance and LOIs. those Of we LOIs, course, expect We almost negotiations, X,XXX we right? conversations have as firm to those on the start

we're will of down of customers be And is There payments. schedule. lot a the We we LOIs engaged. soon. to the have PDP bigger firm a to start We once orders, very believe there going firm course,

has all remain forward. So normal, and it's excited we nothing anything, We moving changed. are

Savanthi Syth

so If I the the appreciate on up the through? million I what but that up. just that step for; cash facility. not color. concern. think it, might, How have CapEx the I I steps said next big flowing you to not of $XX the you and for that's recognize should in But curious $XX timing the of production we about a financing like timing million burn in means know a just past, that year, the that about

thoughts curious well any kind early So cash as I burn of that kind was you have if of 'XX. into into

Johann Christian Jean Bordais

finance, the right, interest X-year It's long-term where talking We're any period very around It's is we , about a facility. finance. and $XX secured grace don't We XX there Yes. million, for years a amortization. Brazilian right? our no pay

the to So is and happen but investments going are the with $XX next well XXXX. investments so very of certification our they that's we service. There type our company around million, finance the XXXX entering in something The peak will probably peak on as year, profile. be of into to facility, fits that really closer get the

So Savi. kind that's profile, of the

Savanthi Syth

Okay.

R&D should a similar for we year. maybe step-up as of well more kind and little so a expect bit like maybe And next on

that things drive will step the up. X the are those So

Johann Christian Jean Bordais

year, million, as around million. are This Yes. $XXX burning I mentioned, $XXX we

a may 'XX of and may much Next pretty 'XX, versus end it that's up we go kind flat year, little. up. where

Operator

Motta Marcelo with from comes JPMorgan. The next question

Marcelo Motta

as Two questions on our well. side

on follow-up plant. TaubatÃ© Just a the

we module, $XXX comment CapEx you think about this size have what like to $XX on half modules. X million, about release, $XX is a that When is models, you comment mean, guys of liquidity. of is the in strength facilities? case, position think what term, are just we on million the go Or module, think additional question next in bigger $XXX have X about then that more given the You you is for to Or about how cushion if about what if comfortable you new industry, peers the the And thinking there? you how additional happened that? million? exactly I years. you a And the necessary? then liquidity finally, a have credit some the the the million? your just to But should short the to cash, can guys second Or up even X course, if for wondering, CapEx

Johann Christian Jean Bordais

Thanks, Marcelo.

right? Embraer. $XX the work only We we the that them with said in go First, capacity. eVTOL facility. investment the to that Embraer have hired we full when us capacity, million XXX $XXX pay gives the be to million, probably investment, they million, or back extra some they get $XXX going right, get us. we to $XX need can $XX -- together that would from another of lot regarding bulk this be the our and is to with comfort, get So Once be the the done, very may capital to of may we million million engineers think the a for since TaubatÃ©, this have, this I We for We $XX are investment project right? add extra that's terms an There most tooling million finance eVTOLs got we of $XX pool. the which million, half working we its doing the the It's capacity, Embraer million, we're half to right, of but as $XX that of need beginning, put we shift of that machines. with and already also efficient

the the Embraer. and the are of $XX in hundreds using we million an buying right? very the spending On machines. $XX existing we reason millions It's We're of competitors million, efficient, are that's facility some just industrialization. the industrialization, only on tool the of So spent

Eduardo Couto

with the liquidity we had its the liquidity, I closed is ever, we As said, the among are terms we super control focus in really cash of of so costs in gives resources on runway, the on X years that presentation, feeling these we much development terms the mentioned never very cash market liquidity. seriously, us all which right? of quarter X years, right? It's $XXX And consumption hands. highest almost my million as peers. in longest our Eve our I We, runway good, In right? in

we're So feeling good.

We're ahead. always raises, We table. not the capital are this but on have money point, for the But new nothing we evaluating. is years at planning

We in term. looking funding new short not the are

Operator

question from Sheppard Andres Cantor comes The next Fitzgerald. with

Andres Sheppard-Slinger

quarter. the SFAR the I on wanted to touch Congratulations maybe on regulations.

what or or it thought this industry. So it is to the curious, significant you the as #X most obviously, eVTOL regulation you that, did you supportive. most was mentioned see that as supportive there? What I'm was Eve #X pertains

Luiz Valentini

Valentini. Andres, Yes. you the for Luiz this is Thank question.

it's industry. us will the very all, important have to of same the of rest year, that going us project, the SFAR to I clarity at for think, to So for the and what we first the as the hard it's develop on it's the rules pace move the draft the right? hard very having with are and we were of for clear, around rules be. without a ahead It's for

out document will with authorities final be able to well for operation, the really the setting have good really them. us to vehicle as with and have the operation having in as our So up our operators is hand discuss that rules the

an issue instructor at since post be for for was industry, pilot. that that that the on one others vehicle our the in necessity original mentioned example, command hours a board, required the occupying of per training training would only that the pilot And for specific be that in and could as the was mention, the is flight SFAR about would to time occupying. X creating for the vehicle vehicles Specifically, be same our have a an vehicle can draft has require to the instructor training command positions in would of with have I that that

and can in need to final made hours have version aircraft. of then version, to it the The dual that in SFAR, go flight have required but observer those newer on are the you the board, still be observer does training, but simulator an necessarily can be on vehicle stated the controls. the not for to this pilot the not with On controls trained

And simplification so evolve was was believe made. move. a the to This a asked was that it that that We was that the to. industry something correct FAA

So this of It's we but than document. with were we a specifically training allow now on a is believe will matter a that the better what together program one. pilot, creating for satisfied of with the the devices of simulation proficiency path the this the draft is

Andres Sheppard-Slinger

like FAA just I That's test to maybe that it. in XXXX, certification Got as just Understanding follow-up. driving quick it helpful. the from And that you will that are makes into what the With move XX understand up that is XXXX. XXXX? certification expected is seeing all in in appreciate from to a seem now flights trying very ANAC XX more ramp from months. the perspective, what and realistic But the regulatory context.

Luiz Valentini

Yes.

the that that AMAC basis development and earlier, that on our right, being SFAR program, Johann that, mentioned, So in week requirements and this This, new just year prototype we of of flight of the beginning experience a the that's the in creating build in then believe But of the Johann the as publishing right? are XXXX. and for can flight the the We challenges project, is also Johann last creating first robust brought and have mentioned, test of in mentioned, timeline that vehicle. technology a prototypes next we novelties so the in the we conforming all as mentioned that's timeline basis. to So timelines with there together in the certification Embraer very the our development. these follow this we the by believe addition much considering process certification fits new engineering we

our realistic for more we timeline all view. of these a So just timeline together in this published make that

Operator

Sheila from comes question Jefferies. Kahyaoglu next The with

Sheila Kahyaoglu

I off mean program out additional pushed that just in years? appreciate does fine-tune complete just funding. does that think And And kicking and final say? has flight additional out the XXXX, bit funding? what's When this driving that thrown EIS about been to development X.X lot months a test that's maybe a wanted there's because the mean XX we little to another it, the Is fair there about the with to to and XX

Johann Christian Jean Bordais

thank the and we're the comment. really But from right? XX right, push and have it's this not to XX question XX it's We're Sheila, no, count XX, That's you quarter to stage, out. it's No, pushback, to no, giving at. months, at not months, the for 'XX. we but to a no looking not 'XX what it's again, up

Sheila Kahyaoglu

but services flat up is obviously, move And quarter X,XXX we from the the at revenue LOIs, expect to they're Okay. just get to billion backlog. up, picking that aircraft, then don't on but $X.X really XX% until in you closer Q-over-Q last EIS, to

conversations think model. if that to could how So we you're maybe customer that shift you how about your about revenue a customers as selling build and lifetime should you just talk in

Johann Christian Jean Bordais

back just here to seconds. just problem I'm Sheila, a XX cut for sorry, we little had

Sheila Kahyaoglu

the $XX basically you've seen flat are at of revenue momentum aircraft in the LOIs Sure. services the in backlog Q-over-Q. X,XXX business but side billion, up of XX%

you Just so? see should more or curious how picking that. backlog you're start we selling going Are to, up services

Johann Christian Jean Bordais

Yes.

Thank you. Okay.

Sorry.

world we're X,XXX solution. the LOI. showing really fact, under been that going This having years and around in a we've right, in our aircraft Okay. strategy the last for is the X No, is

course, of aircraft, course, really as possible. the we've on said make since the be support, really new focus operator, we're by not that that working and the the but is only backed and as work everyone an provider, of much again, you but for success, thinking solution. the understand very very service working. a one us, that it make LOI, for the It's not it's are you're And skin key is they're is also biggest game. got we the but paramount our aircraft. to that increase availability the a sure We the any only the of the portfolio of a who's on, few make I in there's got right? the will want make creating, will also OEM They most they but but beginning, beginning, sure work, we wants and be vehicle, the to replicate optimized only we then not service a then, creating telling want know can it customers. by we're service, look, what cities to been good They we the the not definitely Our operation about solution the is the vehicle, operating customers in call this new guaranteeing the know ecosystem which especially up cost want at that

and the reason component service yes, is a and So the LOI big our support solution, is and of this plus why.

done keep one Now we thing all-in-one asking that exactly One is working launch services of the as the for, and experience. Vector, the the also the flat you is been possible. weather with a not our been hour really that as And strongly ecosystem side, or than anticipate software will flights we operation the going whatever UATM. with the helicopter their that in with a on just for be demonstrate the save services announced Paulo TechCare, customer to organizational as days. Embraer the operation and us we much the made more condition were hard, operator, And working you shadowing our have hard impact in that allow that la more time, operation the was only optimized, on we carte And and recently, to were eVTOL, helicopter to launched which how be Sao is know, last the customers. can for which but intent but we've couple the based program we've platform, week, the of XX Revo, we also, of designed, operation the fits

of So eVTOL very them. is be going to the the launch important this and for also we operation when

Operator

from question The TD with Rumohr next comes Cai Cowen. von

Cai von Rumohr

Yes.

congratulations the on So SFAR.

little totally confusing. out go in And the diversion they flight because Can any whether I've read spelled are diversion requirements a vertiport thing. you that those the So line through looked there? requirements, requirements, are

Johann Christian Jean Bordais

Yes.

been path we the in that with FAA what believe in it's the a today. So is operation reserves, which line be that to is on energy clear out, putting has very

So it's operational the use working, today. course, the eVTOLs, if much eVTOLs see that can reserves what's that because FAA use are for that specifically they today very moment adapting the And to trying building mentioned build necessary is vertically I valid helicopters. and what where basis the careful the very but route, can of this today is at the we for land any then on on in during says it

can XX So XX you they and for operators predetermined specifically on our then land zones necessarily minutes the is that landing XXX a XX IFR. can to has states the minutes use approved for VFR not and if have, flights use necessary but It permit, that minutes, at have you routes approved also have the whatever route.

today rule something something on that the a sense specific XX-minute was we that and approved works good the if that for use they general to open a leaves believe in not it arrangement but use So aviation, builds also route. door operators in exists the already and this have

we what that's is the best So go. way to believe that

the more energy really have reserve for left general reserve, you you'll have in So have the that a to routes XX-minute don't more tailored the be operating. excess you adjusted can battery and for

the something So will to that do. have operators this is

be of in course, and of we make With to routes they that support points infrastructure can approving do. at in the that, in fit again, going major Of routes, view something experience this this will but that respect the them point in terms moment don't use can we have doing to will more in be they the Embraer that the the is of the them operating. on any changes see our where ground. I SFAR vertiports, their to energy the And

stated, So we the of expecting reserve energy the that with see. we believe work it's type will vertiports are that as to

Cai von Rumohr

going were available to of service then at make point, believe, Terrific. issue eVTOLs particularly, of on to the And service, I you Archer. your competitors, one

you service the who who view So opportunity, if think potential process? secondly, about And where are in are you competitors, as that any? people as the you

Johann Christian Jean Bordais

our customers. eVTOL, that the been question. with focus with through for on we've discussing and is going make customers first the we to indeed, the but operation Thanks the Really, Yes, service. here have sure other the working inter

OEM, depending particular of for performance operation right, customer to We complementary, elect the their various can that right, be on also understand a the eVTOL.

understand always entertain our with novelty. been And we an by that but that requested customers, also we've are fully OEM. other customers we've been that doing industry. We and we so that's That's what creating something willing we're other is the This to discuss. doing, But with indeed with Archer.

just favor on that possible. also standard launch for for much And understand up OEMs. very of so power especially when and several grid comes create market example, we to industry big we're this enough really have device, the as as our charging it in we to common So and give possibility much and that recharging and eVTOL to will want of having then we the be capillarity the the a example, a to ramp as get base,

keep at, is OEMs we're with So that indeed. discussion other this we having looking something and

Cai von Rumohr

I you with And toward servicing one sort the are taking on kind this broader focus Obviously, you own lastly, competitor are service? mean, only guys to only support of other but guy vehicles, approach major looking is who this vehicles? at of are going the their

Johann Christian Jean Bordais

one very the that's I talking since think we're the about been only beginning. it

and and hype As moving prototype the eventually, flying that is whole the industry get around. pass the we forward we'll about certification

are the asking, the now the of And is it's also think natural. customers ecosystem. well, I how readiness one

and be customer ready. Embraer the experience into back but we're more is the anyone market involved OEM thinking service. years. all this And XX also more, and why of, entering look about We're the going for what's the So services and or the support the obviously, is at last to the of industry in

the got the the only not but that the operation it's to ready. and suppliers, service conforming have mean, of for the ensure it we support I agreements is So to with or prototype production our production, point also prototype we where which also or have

So this is something that we believe it's in our DNA. One thing is it. to talk about

to is have takes operation what ready and reliable a know on to it other get The really day-to-day. it for a

So service. to very that make for difference the the very DNA going and the support soon, at has I Internet and understand it's a Eve services, soon customer

Operator

comes Moeller Austin with Canaccord. from question next The

Austin Moeller

for the which flight in Just benefit required than XX my less your by the expected, the minutes the on for of was reserve aircraft U.S. the first Does XX routes the SFAR. question TAM FAA, here minutes battery and potential

Luiz Valentini

So Luiz this Valentini. is

at But XX example, the in other requirements. that applicable is the believe the Brazil are So mobility even for necessary. ANAC we our it's about different right? minutes, XX first, it's U.S., for minutes EASA are in -- authorities, So the and looking urban which focus, mission, only not

why of of minutes. a you'll in opinion well-known will In my the XX structured I think available. routes, Eve here where be flying sites the then concept a case, more having will mobility minutes minutes make have in example, missions, that zones site use landing is a you that number predetermined not and for say, seeing the operators flying. you approving applicable when use don't and reserves that's which more less is that, we and example, our where our opinion the XX where know for the general urban XX that I landing And areas, at when be you of with environment or the you the for possibility have, prioritizing, doing operation distant are you're mentioned missions will time let's

much energy have on to the don't you So that battery. keep

our it's of have So have each So will a for feel have how expected reference full approximately areas. today of means. XX a necessary the much another duration, right? minutes, to a And are XX time, for you I'm these not each can different to in the missions right? use reference, the have energy So a mission, mission of battery, just minutes to of you duration whole predetermined giving course, to one last but just

So think it's mobility makes preapproved minutes. why the the reasonable focus, more urban which more sense. zones mission, the that than that's We routes that, again, landing the and think predetermined we XX our to for is use

Austin Moeller

in now a among there's that follow-up. their Great. of orders you a And over conversations had any been last just potential with about couple recent the coming customers book shakeout new your Have to competitors? weeks

Johann Christian Jean Bordais

on with the energy our been Thanks, even Austin. the out not of BD -- customer doing broader weird a has wouldn't to also BDs. a I regular with discussing We lot team the and or customer and to of a opportunity for them, mean, moment a of We're -- talk that just new being CCO, touch after eager base, as our a always OEM natural. she's which basis. coming and announced our definitely we're flushing pipeline OEM arrival other and base, call is I This of been one for for the every eVTOL. going single the with one be team in hunters, I closed we've

happen prospects, including we're So yes, long to base. all the hunting OEM not can of on say, you insolvency. for I the that, one file tell that to be for might market the or eVTOL, talk let's a in yes, right, that, We go do of or bankrupt

of on, mobility, focusing the sightseeing. want And is shuttle team the present, this to what especially we're This is been from this We on yes, urban differently. the right? doing on has part DNA. the So be is what point-to-point

Operator

Dayal from Amit with Wainwright. question comes The next H.C.

Amit Dayal

launch, X would I be see as of offering some want touch what X you what on for the expect are over Good just to position milestones today. you the you're I any this to that to it, liquidity continue understand launching provided to you've take strengthened. the be trying significance the on years already color here lay ahead? this TechCare from to just there helpful is we know achieve TechCare X, Is next the out offering can years again. ready place? could it with operational almost the to just get what monetization If offering for but

Johann Christian Jean Bordais

you so Thank Thank you. much. Great.

that's be part also developing, what So operation think I building, of this It's the whether we're on you This And it's and the make before. services. as day important for key. one which to we Internet that the support the support aircraft you definitely the preparing the all to make have before, mentioned of I we've been customers, is important. customer is Internet reliability. right? don't success what I it's sure part What And it's this do super the a building availability, is sure right service, ecosystem work, our -- ecosystem, is will the services, eVTOL about ecosystem, the think the this, do this right? but making the this, don't service and and

normal arrival into service a XX operator's aircraft, don't it the the months entry of first do You this for aircraft you even prior on the do an at space.

the to preparing the So be and we've why to solution. that's we're the to the ready customer, the is whole we eVTOL, the to you TechCare stakeholders, is now this launching tell It's all that customer are been operation. platform the customers that imagine going the engage engage can This about support. Eve

start in operation, train to have make whether least start-up to and U.S., when sure team. or world team technician be the operator your at to be want going the it's want it's a have your at you with deployed your around first will You the to the operation you Brazil, going

going hours sure year. you we're a going the have to solution. have aircraft. process, work, to hours, believe and a make eVTOL we center. XX-hour utilization with trained This work with care cycle is you to will reliable be going X,XXX and technical be it flying that not You at. We're work, when utilization to make you're vehicle year. it some X,XXX have this obvious, will XX flying looking This high works want high a what you're flight and vehicle, will have that a is system you with This trivial, I IT it's a people, customer sure mean, know the but to I be sounds but not

solution. The is the services. and not fly-up the solution, You obviously, why contract need right? least your low going last maintenance, this MRO it's And definitely need also, to be on the you to technician, have announced still, the And battery to this services. exactly the is the material, we training but have

the in Otherwise, work now. say the the then -- SX this and know just that have why that on which which our on you just the personnel. of ground Embraer way the You contract step those linked. need is I not be go. by would technician Then and to risk have it Valentini is don't we it's have way, next certification, because the an the maintenance you make planning but of really aircraft and the worst training going that right XXst where how be distribution, taking material the were you're is absolutely happen. the all this sure the operation. why certification. the ready also the year, hundreds just explained running want October, And as we risk. service, dozens get and aircraft could for you time and this is you more running operation. ready handling I now than important with first to your is, grounded to the industry, is is to right And by the of the or pilots, going capillarity for to focus we, we us the interim the pilots, is that you deliver CAE only training also services, technician simulators announced to eVTOL the ECTS, to and And mean But to you're the be something and And the thing on this

or continent for in That's get your fly can your eVTOL. the to done. the You maintenance aircraft case multiple U.S. across states not a

something us this the give the we take care. is why this preparing support. service of and suite to And Customers name to that right to from we're a solution, also is this with buy they wanted understood want That this. now. is which is So why

Amit Dayal

Good see far a have lot makes ahead. so of That My asked. been sense. other to you

Operator

over turn to closing This to like our I question-and-answer back session. remarks. concludes for would the conference any Aldworth Lucio

Lucio Aldworth

the joined today. Thanks, I who Leslie, thank wanted and to everyone call

and market, the to can more our for the services you quarters. continue engaged, We're products this on several lot milestones quarter. there past important we few progress see, and next fully of accomplished a to whole is and suite we As UAM come in

all next the the the we're you continue going you months. our to upcoming few throughout look in to we're participate we to meeting forward next So few in updating progress and on of going events; quarters,

As have good a any always, and if have out our you to team. Thanks, to hesitate questions, don't day. reach

Operator

you presentation. The has attending now for Thank conference concluded. today's

You disconnect. now may

Eve Holding (EVEX) 4 Nov 242024 Q3 Earnings call transcript