Eve Holding Inc Q4 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Savi Syth - Raymond James - Analyst : Hi, good morning everyone. I curious Edu, if I might start with you just on the kind of the cash burn for this year. Could you provide a little bit more color on [technical difficulty]...

Question: Savi Syth - Raymond James - Analyst : Yeah, Could you provide a little color on, the cash burn for this year? Kind of how that progresses with. I'm guessing it's increasing just given the work being done on the production side and kind of the bills that come later in the year. But could you give a little bit of color on kind of the trend there as we kind of go through the year and, and maybe early thoughts into kind of next year, given that you have enough liquidity to kind of last through 2026?

Question: Savi Syth - Raymond James - Analyst : That's super helpful. And just if I might follow up on that production facility is that you're going to use that facility to build a third aircraft. I'm just kind of wondering on just how you think about whether you start kind of building out that facility or not, like the timing around that.

Question: Savi Syth - Raymond James - Analyst : Very helpful. Thank you.

Question: Ellen Page - Jefferies - Analyst : Hi guys. Thanks for the question. On the order book, I think you had a couple more customers last quarter than this quarter. Can you talk about how you're thinking about those LOIs converting and the progress you've made in your marketing campaign? I know you're still the most - the largest order book of your peer set.

Question: Savi Syth - Raymond James - Analyst : Great, that makes sense. And can you talk about the differences between the full scale prototype for flight testing - and for certification, relative to the prototype you have today? Are there any significant changes in the form or is just that finalization you've made in the past year? Unidentified_1 Yes. Good morning, Allen. This is Luiz Valentini. The differences are most significant in the sense that this is a simplified vehicle that does not have all of the redundancies and the safety level and the refinement that the conforming prototypes need to have in order to show compliance with certification requirements. So the idea was that by doing these simplifications we could advance the development of this engineering prototype, which is a full scale prototype, very representative of what the conforming prototypes will be. But then it's available earlier on in the development program for us to test solution and like Johann mentioned, to advance the modeling - to advance the maturity of the technical aspects of the vehicle. So in a nutshell, really the differences are that it's a simplified vehicle, therefore it's an unmanned vehicle, it's remotely piloted, and so the it's not going to be used to show compliance with certification requirements. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 11, 2025 / 12:00PM, EVEX.N - Q4 2024 Eve Holding Inc Earnings Call

Question: Austin Moeller - Canaccord - Analyst : Hi, good morning. So my first question, has ANAC started to establish a framework of how it will harmonize certification with the other non FAA regulators like EASA and CAA? And could you go into detail on that effort?

Question: Austin Moeller - Canaccord - Analyst : Okay, and just a follow-up. If we think about 2025 and 2026, how many prototypes do you expect to build with existing capital beyond the prototype you have right now?

Question: Austin Moeller - Canaccord - Analyst : Okay, great. I'll pass it back there. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 11, 2025 / 12:00PM, EVEX.N - Q4 2024 Eve Holding Inc Earnings Call

Question: Amit Dayal - H.C. Wainwright - Analyst : Thank you. Good morning everyone. The CapEx that you mentioned, $30 million, will that cover the full build or will you need additional investments for that manufacturing facility further down the road as well?

Question: Amit Dayal - H.C. Wainwright - Analyst : That's amazing. Thank you. And then just the question on the TechCare offering that was launched, I think sometime last year, are you actively marketing that offering to customers right now? Like what is happening with the launch that has taken place already, for that.

Question: Amit Dayal - H.C. Wainwright - Analyst : Understood. Last one from me. Are you seeing some evidence of investments being made by potential customers, other partners in the supply chain or the value chain for eVTOLs from the infrastructure point of view? I know you are getting into various stages of testing. Some of the other competitors are also planning to maybe launch initial flights by the end of this year or early next year. So I'm just trying to get a sense of whether you are seeing investments by other players to build the infrastructure and bring these eVTOLs to market. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 11, 2025 / 12:00PM, EVEX.N - Q4 2024 Eve Holding Inc Earnings Call

Question: Amit Dayal - H.C. Wainwright - Analyst : Understood. That's all I have. Thank you so much.

Question: Amit Dayal - H.C. Wainwright - Analyst : Thank you.

Question: Marvin Fong - BTIG - Analyst : Good morning. Thanks for taking my questions. Just one, maybe for Edu. Just looking at the $200 to $250 million in cash burned for next year. And if I just kind of look at the moving parts, $100 million in CapEx and assume relatively flat G&A. Seems to imply that R&D may be down next year. I just wanted to make sure I had that right. How should we kind of think about the composition of the cash burn at the OpEx level would be great. That's all I had. Thank you.

Question: Marvin Fong - BTIG - Analyst : Okay, I misunderstood that. Okay, thanks for clarifying. Thank you.