FY24 Financial Guidance Update

Free Cash Flow Reconciliation BLUE BIRD Reconciliation of Free Cash Flow to Adjusted Free Cash Flow Three Months Ended (in thousands of dollars) Net cash provided by (used in) operating activities Cash paid for fixed assets Free cash flow Cash paid for product redesign initiatives Twelve Months Ended September 30, 2023 October 1, 2022 September 30, 2023 October 1, 2022 35,797 $ 30,014 $ 119.928 $ (24,437) (2,130) (1,705) (8,520) (6,453) 33,667 $ 28.309 $ 111,408 $ (30,890) 549 Cash paid for operational transformation initiatives 624 1,562 1,757 7,213 Cash paid for stockholder transaction costs 1,119 Cash paid for other items Adjusted free cash flow 35.410 29.871 7,371 574 121,110 285 (22,843) 36

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