EV Production Scaling and Financial Overview

FY2023 Guidance Raised: Strong profitability in FY2023 $ Millions FY2022 Actuals FY2023 Initial Dec. Guidance FY2023 Feb. Updated Guidance FY2023 May Updated Guidance FY2023 Aug. Updated Guidance B/(W) Vs. Prior Year Net Revenue $800 $900 - $1,000 $1,000 $1,050 - $1,085 $1,135 $1,110 - $1,130 $310 - $330 Adj. EBITDA1 $(15) $35 - $45 $40 - $46 $55 - $65 $70 - $76 $85 - $91 Adj. Free Cash Flow1 $(23) $0 - $10 $5 - $11 $30 - $40 $70-$80 $93 - $103 BLUE BIRD Turnaround completed and ahead of schedule; FY23 on track to be second best year ever for Blue Bird See appendix for additional detail regarding non-GAAP measures 21 22

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