Bridger Aerospace Group Holdings, Inc. · NASDAQ:BAER
Bridger Aerospace — Q1 2023 Earnings Presentation
11 slides from Bridger Aerospace's earnings presentation, May 12, 2023
Slide 1: Q1 FY 2023 Earnings Conference Call
Q1 FY 2023 Earnings Conference Call May 12, 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 Q1 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 Winter Maintenance Activities Completed in Q1 including flight training and carding Wildfire season typically begins in late April/May First Air Attack plane deployed to Arizona / Southwest Region National contract with US Forest Service Standard contract includes 1
Slide 6: Q1 2023 Financial Review
Q1 2023 Financial Review • Q1 revenue is typically minimal in advance of the NA wildfire season $365K which historically occurs during Q1 and Q2 Revenue • Increase related to labor, maintenance and improvements performed vs. $69K prior year opportunistically for non‐Bridger aircraft $7.2M • Cost of
Slide 7: 2023 Outlook
2023 Outlook Revenue expected to increase over 80% to between $84 million to $96 million, before any potential fleet additions that were previously included in estimates prior to the business combination Adjusted EBITDA expected to range from $37 million to $45 million, before any potential flee
Slide 8: Appendix
er AEROSPACE a ) ee
Slide 9: 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 10: 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 11: Adjusted EBITDA Reconciliation to Net Loss
Adjusted EBITDA Reconciliation to Net Loss For the three months ended March 31, (All amounts in U.S. dollars) 2023 2022 Net loss $ (44,684,938) $ (14,873,009) Depreciation and amortization 1,751,045 1,266,922 Interest expense 5,664,545 3,714,546 EBITDA (37,269,348) (9,891,541) (i) (Gain) loss on dis
Bridger Aerospace Group Holdings — Q1 2023 Earnings Presentation on 6ix