Eve Holding, Inc.

Please stand by, your program is about to begin. Good day everyone, and welcome to the EVE AIR Mobility Second Quarter 2025 Conference Call. At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question and answer session. You may register to ask questions by pressing the start and one on your telephone keypad. You may withdraw your question by pressing start too. Please note this call is being recorded and I will be standing by should you need any assistance. It is now my pleasure to turn the conference over to Lucio Aldworth, Director of Investor Relations at EVE. Please go ahead.

Thank you, operator. Good morning everyone, this is Lucio Aldworth, the Director of Investor Relations at EVE, and I wanted to welcome everyone to our Second Quarter 2025 earnings conference call. Our CEO, Johann Bordet and CFO, Eduardo Cotto are joining me on the call today, and after their prepared remarks, we will open the call for questions, at which point, with Valentini, our Chief Technical Officer will join us for more technical questions. We have a deck with a few slides and additional pictures that show our achievements in the quarter, as well as the testing phase of our full-scale prototype. The deck is on our site at IR.EVE, AirMobility.com, so please feel free to download and follow it along. Let me first mention that today's conference call includes statements about events or circumstances that have not yet occurred. These are largely based on our current expectations and projections about future events and financial trends affecting our business and our future financial performance. The full-looking statements are based on our current expectations and involve risks and uncertainties that could cause financial results to better substantially from those expressed or implied in this conference call, and we undertake no obligation to update publicly or revise any full-looking statements because of new information, future events, or other factors. For a more detailed list of these risks and uncertainties, please refer to our SEC file is available on our website. With that, I will now turn the presentation over to our CEO. Johan.

Thanks, Lucio. Good morning to all, and welcome to our second quarter 2025 conference call. We had a very exciting second quarter with several important developments, and we continue to advance our program development. In a nutshell, and we will talk about it in more details in the call, we unveiled our full-scale mock-up at the Paris Air Show in June with a new propeller configuration. We also announced our first firm order and signed additional LOIs. Last but not least, we are announcing today that we are bringing Beta Company to complement our suppliers list. Beta comes in with a proven and mature solution to the distributed propulsion of the EVTOL with the same lift and cruise aircraft configuration, and this will give Eve operating flexibility and optionality in our program. Our schedule remains unchanged with expected TAP certification and entry into service in 2027. Starting with slide two, our EVTOL continues to advance, and we redesigned the wing with a more aerodynamic profile for a more efficient cruise. We are now offering a taxi-wheeled version of the aircraft to facilitate ground operation and taxiing in congested landing sites. The DNA of our EVTOL is unchanged with eight lifters and a pusher designed for short routes and a pilot and four passengers. Flying should be very simple with a single pilot control side stick supported by Embraer's fifth generation of the -by-wire. This is a proven technology that improves passenger comfort and safety. Now, slide three and four shows a few pictures of our full-scale mock-up that was unveiled at the Paris Air Show last June. This is a true representation of our commercial aircraft and features comfortable full-flex configuration sittings for four passengers with a 32-inch pitch and external baggage compartment. This makes it ideal for short urban flight up to 60 miles, including trips to and from airports. The reception from customers, partners, government officials, and also stakeholders was extremely positive, reflecting the strong interest and support to our vehicle design and attributes, which clearly demonstrate our aviation and certification DNA. Now, moving to slide five, I am very happy to bring here our first LOI conversion of the letter of intent into a firm order from REVO. This is a helicopter operator with active helicopter airport shuttle and -to-point operations