FY24 Financial Guidance Update

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 Pricing aligned to market economics and volatility BLUE BIRD EBITDA margins of ~10% in 2024 and 12%+ the mid-term, in a normalized operating environment 25

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