EV Production Scaling and Financial Overview

FY24 Base Case Guidance shows improvement over FY23 1 Adj. EBITDA ($M) Rev. ($M) +12 (+16%) 85 75 - 95 73 70-76 FY24 Guidance Downside Base Case Upside Supply Chain Units 8,000 8,500 9,000 Revenues $M $1,100 $1,150 $1,200 Adj. EBITDA $M Adj. EBITDA % $75 $85 ~7.0% ~7.5% $95 ~8.0% ~6.5% ~7.5% FY23 FY24 $1,110 - $1,130 With the current Supply Chain environment, Blue Bird plans to deliver as a Base Case in FY24: ~$1.2B in Revenue and Adj. EBITDA of $85M/~7.5% $1,100 - $1,200 BLUE BIRD See appendix for additional detail regarding non-GAAP measures 23 23

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