Positioned for Strong Recovery in FY2023 & Beyond

Pricing is Taking Hold - Backlog Profile Improving 28% 100% 100% 72% Status 01/30/23 Production Quarter 64% 74% 5% 27% 61% 50% 60% 39% 27% 36% 26% 12% 9% FY22-Q1 FY22-Q2 FY22-Q3 FY22-Q4 FY23-Q1 FY23-Q2 8% FY23-Q3 2% FY23-Q4 BLUE BIRD Production Schedule almost Full through Q4 (Some Q3/Q4 slots reserved for EV, T3 into FY24) FY23 Orders to go FY23 Backlog (+25% pricing) FY22 Newer Backlog (11-15% pricing) FY21 Old Backlog (0-5% pricing) Newer backlog and increasingly improved pricing in place and locked in from FY23-Q2 18

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