Positioned for Strong Recovery in FY2023 & Beyond

Fleet Age Profile Supports Industry Levels ~515K School Buses on the Road as of the end of CY2022 40,000 35,000 43% of the fleet is 10 years and older 30,000 25,000 20,000 15,000 10,000 5,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 ~221K buses in service for more than 10 years supports high annual replacement volume BLUE BIRD Source: R.L. Polk VIO, based on Type C/D school buses and non-school buses in US/CAN thru Dec. 2022 9

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