EV Production Scaling and Financial Overview

EPA Clean School Bus Rebate Program Program Overview • $5B funding over 5 years • ~$1B released in 2022 (Phase I) ~2k buses to be ordered, from ~2.5k awards • Some districts elected not to move forward • ~$185M reallocated to future years Phase-2022 Lottery Results Blue Bird Corporate and Dealers Other OEMs ~300 690 Loyal BB Customers and Channel Partners ~250 Phase I – Benefit to Blue Bird - • >$165M revenue • >550 orders BLUE BIRD • -760 To be Ordered Lifetime Benefit to Blue Bird $1B+ potential revenue for Blue Bird 3,000+ orders Blue Bird on track for over 550 orders from Phase I of the program 13

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