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  "documentTitle": "Vertical Aerospace | SPAC Presentation Deck | 51 slides",
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  "presentationDate": "2021-06-01 00:00:00",
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  "notes": "The table shows a transition from negative EBITDA in 2024 to significant positive cash flow by 2028, driven by scaling aircraft production and services.",
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      "text": "Aircraft Services aims to contribute 18% of total revenue over the period 2024-28, operating on 20% gross margin. Revenue growth expected to be driven initially by increasing OEM unit sales, and resulting in recurring Aircraft Services revenue providing sustained growth throughout period. Gross margin decreases due to decreasing unit sale price in OEM business before normalizing at 44% in 2028. EBITDA margin expected to be maintained through economies of scale and advanced production technology, resulting in significantly decreased manufacturing costs per unit. Initial capex spend expected to be driven by outlay to build UK and Asia production facilities, and throughout the period the total capex spend increasingly reflects pilot training costs.",
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      "text": "Source: Company estimates. 1. Calculated as EBITDA less taxes, capex and change in net working capital.",
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      "text": "Financial projection table from 2024E to 2028E covering production, revenue, profit, and cash flow metrics.",
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      "text": "LONG TERM BUSINESS PLAN",
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