FY24 Financial Guidance Update

Legacy Units Behind, "New Normal" Backlog Margins Ahead 28% 100% 100% 72% Status 09/30/23 Production Quarter 31% 64% 74% 57% 82% 92% 36% 26% 12% FY22-Q1 FY22-Q2 FY22-Q3 FY22-Q4 FY23-Q1 FY23-Q2 16% -2% FY23-Q3 7% FY23-Q4 BLUE BIRD FY23 Backlog (20-25% pricing) FY22 Newer Backlog (11-15% pricing) FY21 Old Backlog (0-5% pricing) FY2024 Mid-Year price increase of $2,500/bus for orders after April 1st, 2024 New backlog with significantly improved pricing in place for FY24 19

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