EV Production Scaling and Financial Overview

Q3 Income Statement ($ Millions) FY2023 FY2022 B/(W) Unit Volume 2,137 1,726 411 Unit Backlog 5,199 6,297 (1,098) Net Revenue $294.3 $206.1 $88.2 Bus Rev./Unit ($000's) $126.5 $108.1 $18.4 Gross Margin 15.5% 10.5% 500 bps Adj. Net Income¹ $14.5 $(2.9) $17.4 Adj. EBITDA¹ $28.0 $8.8 $19.2 Adj. EBITDA Margin¹ 9.5% 4.3% 520 bps Adj. Diluted EPS1 $0.44 $(0.09) $0.53 BLUE BIRD Significant turnaround in both top-line revenue and bottom-line results 1See appendix for additional detail regarding non-GAAP measures 29 29

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