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Bridger Aerospace Group (BAER) investor relations material
Bridger Aerospace Group Canaccord Genuity’s 45th Annual Growth Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Company overview and market positioning
Headquartered in Bozeman, Montana, with a focus on aerial firefighting since 2014 and three main service offerings: suppression, surveillance, and in-house engineering.
Operates six of the ten Super Scooper aircraft in the US, addressing a scarcity of these assets and meeting rising wildfire demand nationwide.
Expanding presence in Europe by managing the return to service of four Spanish scoopers, with two already airworthy and others progressing toward certification.
Sees significant demand in Europe, especially in countries like Greece, Turkey, Portugal, and France, due to increased fire activity and aging fleets.
Multimission aircraft and proprietary software (Ignis app) provide real-time situational awareness and safety features for firefighters.
Operational performance and industry trends
Achieved record utilization in 2024, with aircraft deployed from February to November and high fleet usage across all service lines.
Shift toward year-round fire response, with federal agencies adopting early response and pre-positioning strategies for rapid deployment.
Guaranteed multi-year contracts and daily task orders have improved asset utilization and response times, reducing delays in aircraft dispatch.
Federal agencies now emphasize initial attack and early suppression, with pre-positioned scoopers able to contain fires quickly and prevent catastrophic events.
Enhanced use of technology, including live streaming and real-time data sharing, is transforming wildfire management and agency collaboration.
Financial developments and capital management
Completed a sale leaseback of Bozeman campus, generating $46 million in proceeds and reducing leverage by about 25%, with a favorable ten-year lease arrangement.
Ended Q2 with $17 million in cash and $18 million in receivables, with cash expected to build through the fire season and support ongoing operations and deleveraging.
Financial position is sufficient to maintain and upgrade the fleet, invest in software, and pursue further deleveraging.
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