Investor Presentaiton
Large Market With Strong Demand for Air-Based Suppression Technologies
Federal and State
Agencies Have
Become Increasingly
Motivated to
Outsource Aerial
Firefighting to More
Effectively Combat
the Increasing
Presence and
Intensity of Wildfires
Aerial Suppression Spend Represented ~43%
of the $22 Billion Firefighting Market in 2021 (1)...
Air-Based
Suppression (3)
COCO
...
.. and the Market is Anticipated to Continue to Expand
as Wildfires Rage Across Europe and the US
Greece Faced a Disaster
of Unprecedented
Proportion
$5.8 bn
$9.5 bn
(4)
Ground
$3.1 bn
(5)
Data
(2)
$0.3 bn
GOCO
I
$3.2 bn
(2)
GOGO
There is a rapidly growing need globally for fire suppression
assets
The shift away from ground towards more air-based suppression
has already commenced
Unfulfilled requests for fixed wing aircraft for aerial firefighting
grew at a compound annual growth rate of 8.1% between 2002
and 2021, resulting in 1,254 unfulfilled requests in 2021
Wildfires Raged Across
Southern Italy as Its
Rivers Dried Up
Wildfires Ravaged Across
Alaska with 264 Active
Individual Fires
These events represent Summer 2022 wildfires and emphasize the
need for increased wildfire suppression resources globally
In traditional wildfire areas, wildfire intensity and duration are
increasing, and total wildfire impact is spreading into new regions
as global temperatures rise
Source: National Interagency Coordination Center, CNN, CBS, The Guardian and Bridger management estimates.
(1) Bridger management defines the global firefighting market as the sum of the air-based suppression, ground, and fire data, aerial imagery-related, and emergency mobile application markets. (2) GOCO: Government Owned and Contractor Operated; GOGO: Government Owned and Government Operated. (3) Based on the global aerial firefighting market size from the June 2021 Verified Market Research report and
an industry estimate of the relative proportion of COCO, GOCO, and GOGO. (4) Based on Bridger management's estimated $4.3 billion US ground market based on budgeted wildfire expenditures for key federal and state agencies; Bridger management estimated that the US ground market represented approximately 45% of the global ground market. (5) Based on Bridger management's estimated $0.9 billion US
market for the fire data and surveillance-related emergency market based on review of available peer company data; Bridger management estimated that the US fire data and surveillance-related emergency market represented approximately 31% of the global fire data, aerial imagery-related, and emergency mobile application market.
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