FY24 Financial Guidance Update

Fourth Quarter Income Statement ($ Millions) FY23-Q4 FY22-Q4 B/(W) Unit Volume 2,116 2,016 100 Unit Backlog 4,559 5,016 (457) Net Revenue $303.0 $257.7 $45.3 Bus Rev./Unit ($000's) $131.2 $117.0 $14.2 Gross Margin 16.5% (1.7)% 18.2 ppts Adj. Net Income¹ $21.3 $(21.4) $42.7 Adj. EBITDA 1 $40.7 $(16.2) $56.9 Adj. EBITDA Margin¹ 13.4% (6.3)% 19.7 ppts Adj. Diluted EPS1 $0.66 $(0.66) $1.32 BLUE BIRD FY23 Q4 is the best quarter ever for both top line revenue and bottom line Adj. EBITDA 1See appendix for additional detail regarding non-GAAP measures 28

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