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Investor Presentaiton

As WUI Areas Expand, the Scale of Damage from Wildfires is Expected to Increase Intensity and Magnitude of Forest Fires Have Multiplied as a Result of the Expanding WUI, with 9 of the Largest 20 Fires in California History Occurring in the Past Two Years Source: US Forest Service, National Interagency Fire Center, Climate Central, and CalFire. (1) Figures represent cumulative statistics as of January 13, 2022. ā—‰ Residential Growth in Fire-Prone, Wildland-Urban Interface Areas Growth Rate of Homes in the WUI by County (1990 - 2010) < 0% 0%-25% 25% -75% > 75% Historical Trend of More Large Fires Burning More Acres Over Time Total Acres Burned in California by the 20 Largest Wildfires of All Time (1) Pre-2020 41% 2021 23% 36% 2020 ~60% of Total Acres Burned by the Largest 20 California Wildfires of All Time Have Occurred in 2020 and 2021 New WUI areas have expanded by more than 46 million acres (33%) over the 1990-2010 period WUI areas now include 1/3 of all homes in the US within 10% of the nation's land area The population growth in at-risk areas for wildfires will require more aggressive firefighting strategies Growth in the WUI and increasing global temperatures have led to the average number of large fires (larger than 1,000 acres) burning in the Western US each year to more than triple between the period of 1970s to 2010s Total number of Western US acres burned by such fires showed a six-fold increase in the 2010s compared to the 1970s Dixie (CA, 2021) and August Complex (CA, 2020) were two of the most historically damaging wildfires, burning a combined ~2 million acres 37
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