EV Production Scaling and Financial Overview

Positioned for Strong Recovery in FY2023 & Beyond 45,000 Bookings 23%+ = ~8,400 units NA School Bus Industry Class 6-7* 40,000 36.8k 35.8k 36.1k 35,000 Revenue 40%+ = ~$1.1 Billion 30,000 39.6k 38.7k 36.6k 32.6k 29.6k 29.5k 26.4k 25.7k 25,000 Parts Revenue 20%+ = $92+ Million 20,000 15,000 Adj. EBITDA $88M+ = ~$73 Million 10,000 5,000 EV Bookings 85%+ = 500+ units BLUE BIRD ~10% CAGR FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 *ACT Retail Sales - as of April 2023 Substantial turnaround completed, business performing very well and industry outlook incredibly strong 22 22

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