Positioned for Strong Recovery in FY2023 & Beyond

Strong Outlook Ahead for Blue Bird / Investment Highlights Countercyclical National Commitment Strong industry growth ahead with a backdrop of healthy funding and an aging school bus fleet Beneficiary of $5B US Government's commitment to the electrification of school buses The Leader Expanding our TAM Leading market position in alternative power and electric school buses Product portfolio further diversified through introduction of EV commercial chassis offering Reducing Costs Reducing structural costs through Lean transformation Profitable Growth BLUE BIRD Pricing aligned to market economics and external forces 10%+ Adjusted EBITDA margin in a normalized mid-term operating environment 24

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