Positioned for Strong Recovery in FY2023 & Beyond

Positioned for Strong Recovery in FY2023 & Beyond 39.6k 38.7k 36.6k 33.5k 45,000 Bookings 20%+ = 8,250+ units NA School Bus Industry Class 6-7* 40,000 36.8k 35.8k 36.1k 35,000 Revenue 25% $1 Billion 30,000 29.6k 27.4k 26.4k 25.7k 25,000 Parts Revenue 10%+ = $84+ Million 20,000 15,000 EBITDA ~4x = $43 million 10,000 5,000 EV Bookings 85%+ 500+ units BLUE BIRD ~10% CAGR FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 *ACT Retail Sales - as of Nov. 2022 The business is back on track and the outlook for our industry is incredibly strong 21

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