FY24 Financial Guidance Update

Fueling Our EV Long-Term Growth: Fleet-as-a-Service JV ➤ Formed "Clean Bus Solutions" - 50/50 JV with Generate Capital and Blue Bird to accelerate electric school bus adoption; exclusive to Blue Bird customers and dealers Buses purchased By JV through dealer network ➤ Offers affordable monthly service fee for Blue Bird electric bus fleet, charging infrastructure, associated planning and customization; other service add-ons available Eliminates upfront capital expense for EV purchase and provides customer peace-of-mind from turnkey solution ➤ Provides Blue Bird and dealers access to new recurring revenue streams during the entire product lifecycle Anticipated to represent up to 10% of EV sales, near-term BLUE BIRD NO PARK SCHOOL BUS G GENERATE BLUEBFO LEADER IN SCHOOL BUS ELECTRICATION Generate is a sustainable infrastructure investment and operating company. Generate finances, builds, owns and operates affordable and resilient resources to de-risk and accelerate the infrastructure transition. Generate provides flexible capital solutions and integrated services to the innovative technology providers and project developers who deploy the energy, waste, transportation, water, agriculture and smart cities solutions required to fight climate change. WASTE POWER MOBILITY CITIES & WATER Strategic JV created to accelerate EV adoption and provide recurring revenue streams 15

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