Investor Presentaiton

Attractive Aircraft Unit Economics Drive Margins with Fleet Expansion Bridger Has an Attractive Four-Year Payback on New Super Scooper Aircraft (1) (2) (3) 223 2023E (1) Total Addressable Market ~$9.3 billion Aerial Suppression spend represented ~43% Firefighting Market Average Total Cost of New Scooper Delivered $32 million One-time investment to purchase new Super Scooper Adj. EBITDA per Scooper $6-11 million (3) High ROI per Super Scooper Maintenance and Miscellaneous CapEx per New Domestic Super Scooper Bridger Aerospace Average Super Scooper Payback Period ~$600K ~3.8 years (2) Assumes the average full-year run-rate for seven (7) CL-415EAFS (or equivalent) and that the remaining (7th) Super Scooper (or equivalent) is acquired in Q1 2023. Calculation assumes 2023E Adjusted EBITDA per Scooper run-rate as a proxy for annual payback per each aircraft; payback period is based on the midpoint of the Adjusted EBITDA per Scooper. Midpoint assumes 125 standby days and 320 flight hours. 281- Vige New planes require limited annual Maintenance and Miscellaneous CapEx after initial investment Less than four-year average payback period allows for rapid reinvestment and continued fleet growth 29 29

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