Bridger Aerospace Group Holdings, Inc. · NASDAQ:BAER
Bridger Aerospace — Q2 2023 Earnings Presentation
12 slides from Bridger Aerospace's earnings presentation, Aug 10, 2023
Slide 1: Q2 FY 2023 Earnings Conference Call
Q2 FY 2023 Earnings Conference Call August 10, 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements included in this presentation are not historical facts but are forward-looking statements, including for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally
Slide 3: Today's Agenda
Today’s Agenda Bridger Aerospace at a Glance Q2 2023 Financial Overview 2023 Outlook Appendix: Non-GAAP Reconciliations
Slide 4: Bridger Aerospace at a Glance
Bridger Aerospace at a Glance ▪ Provides full-spectrum aerial firefighting solutions to Federal and State government agencies ▪ Largest domestic owner/operator of the purpose-built CL-415EAF “Super Scooper” (6) ▪ Surveillance aircraft for infrared mapping and immediate data transfer (Air Attack and
Slide 5: 2023 Highlights to Date
2023 Highlights to Date ▪ Wildfire season began six weeks later than usual due to considerable snowpack and wet spring conditions in Western U.S. ▪ First international deployment into Canada helped increase utilization in second quarter ▪ Entire fleet called back to U.S. in July with potential for f
Slide 6: Q2 2023 Financial Review
Q2 2023 Financial Review • Q2 revenue impacted by late start to U.S. wildfire season $11.6M • Expansion of aerial firefighting activities into Canada for first time Revenue increased utilization and partially offset impact of wet spring weather in vs. $12.8m prior year the U.S. • Cost of revenues in
Slide 7: Q2 2023 YTD Financial Review
Q2 2023 YTD Financial Review • Revenue impacted by later start to U.S. wildfire season • Expansion of aerial firefighting activities into Canada for first time $12.0M Revenue increased utilization and partially offset impact of wet spring weather in vs. $12.8m prior year the U.S. • Q1 revenue is typ
Slide 8: 2023 Outlook Affirmed
2023 Outlook Affirmed ▪ Revenue expected to increase over 80% to between $84 million to $96 million, despite late start to wildfire season ▪ Adjusted EBITDA expected to range from $37 million to $45 million ▪ On track to close Bighorn acquisition in late September ▪ Delayed start of wildfire season,
Slide 9: Appendix
FARSI) AEROSPACE
Slide 10: Non-GAAP Financial Measures
Non –GAAP Financial Measures Although Bridger believes that net income or loss, as determined in accordance with GAAP, is the most appropriate earnings measure, we use EBITDA and Adjusted EBITDA as key profitability measures to assess the performance of our business. Bridger believes these measures
Slide 11: Non-GAAP Financial Measures - Definitions
Non –GAAP Financial Measures - Defintions EBITDA is a non-GAAP profitability measure that represents net income or loss for the period before the impact of the interest expense, income tax expense (benefit) and depreciation and amortization of property, plant and equipment and intangible assets. EBI
Slide 12: Adjusted EBITDA Reconciliation to Net Loss
Adjusted EBITDA Reconciliation to Net Loss For the three months ended June 30, For the six months ended June 30, (All amounts in U.S. dollars) 2023 2022 2023 2022 Net loss $ (19,021,602) $ (4,562,875) $ (63,706,540) $ (19,435,884) Depreciation and amortization 3,235,147 2,827,932 4,986,192 4,094,854
Bridger Aerospace Group Holdings — Q2 2023 Earnings Presentation on 6ix