Eve Holding, Inc.

Greetings. Welcome to the Eve Holdings Second Quarter 2022 Earnings Call. At this time, all participants are in listen-only mode. Any question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero from your telephone keypad. Please note, this conference is being recorded. At this time, I'll now turn the conference over to Lucio Alvarez, Head of Investor Relations. Lucio, you may now begin.

Thank you, Operator. Good afternoon, everyone. This is Lucio Aldworth, the Director of Investor Relations at EVE. And I wanted to welcome everyone to our second quarter 2022 earnings conference call. I have here with me co-CEOs Jerry DeMuro and Andres Stein, as well as our CFO Eduardo Couto. We also have Luis Valentini, our Chief Technology Officer, who is responsible for the development of our eVTOL. After the initial remarks, we're going to open the call for questions. We have prepared the deck with a few slides and additional information. This is available at our investor relations website at www.iar.evairmobility.com. So please download it for your reference. Let me first start by mentioning that this presentation includes forward-looking statements or statements about events or circumstances that have not yet occurred. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting our business and our future financial performance. These forward-looking statements are subject to risks, uncertainties, and assumptions, including, among other things, general economic, political, and business conditions, both in Brazil and in our market. The words believe, may, will, estimate, continues, anticipates, intends, expects, and similar words are intended to identify forward-looking statements. Winters take no obligations to update publicly or revise any forward-looking statements because of new information, future events, or other factors. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this presentation might not occur. our actual results could differ substantially from those anticipated in our forward-looking statements. With that, I will now turn the presentation over to Jerry. Jerry?

Thank you, Lucio. I'm delighted to be here today on the occasion of our first quarterly release following Eve's listing on the New York Stock Exchange. This is an exciting time for Eve, and I'm proud to be part of the team that has achieved this important milestone. For those not familiar with our recent merger with Xanite Acquisition Corporation. The transaction included a number of strategic and financial investors that raised a combined $377 million, as shown on slide two. We believe this funding provides an excellent foundation for the development and certification of our eVTOL and other elements of the urban air mobility ecosystem that we expect to launch in 2026. Our most notable and relevant strategic investor is Embraer, the third largest aircraft manufacturer and a leader in the regional and executive jet markets. Embraer is a unique partner that brings significant competitive advantages to EVE. We are leveraging its long history and deep expertise in aircraft design and production with royalty-free access to its more than 50 years of intellectual property. We also have access to skilled engineers on a flexible and first priority basis. In simple terms, we have access to a pool of some of the most accomplished and talented aerospace engineers in the world. Our long-term agreement with Embraer yields E an unmatched position of development capabilities and cost advantages. It means we do not have to create this workforce from scratch and then shape it into a cohesive team. It already exists. and we can scale up or down as needed. This arrangement means we do not have to carry these engineers on our P&L when not required, which makes for a lean and highly efficient organization. When coupled with attractive labor costs in Brazil, this arrangement will substantially reduce our development costs. Lastly, our partnership with Embraer also gives us access to its global infrastructure. This is critical not only to our development and certification efforts, but also to service and support of aircraft on a global basis. Embraer has more than 80 service centers around the world that can be an important platform for our maintenance business in the future. There could be no EVTOL operation without a reliable and efficient customer support capability. The combination of Embraer's partnership and our holistic approach to urban air mobility, along with superior aircraft design, have translated into what we believe to be the largest and most diversified order book for eVTOLs globally. We have signed letters of intent for more than 2,000 aircraft from 22 different launch customers. These are operators from around the globe with different aviation backgrounds, including sixth wing and helicopter operators ride share providers, and more recently, a defense player with the potential to expand the applications of our UAM solutions. One last point that is important to note is that no customer represents more than 10% of our order book. This serves to de-risk our business plan and brings confidence to our eVTOL program. Now, I would like to invite my colleague and co-CEO, Andrei Stein, to give us a bit more color on the development program and the aircraft itself. Stein?