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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. 19
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