FY24 Financial Guidance Update

FY22 to FY23 Adj. EBITDA Walk: $103M YoY Improvement Adj. EBITDA ($M) 1 + 103 88 SCHOOL BUS Unit Volumes FY2022 6,822 FY2023 Delta 8,514 1,692 Rev. ($M) (2)% (15) FY22 $801 FY23 Best Year EVER Record Revenue Record EVS +40% +100% Record Adj. EBITDA +$103M YoY Record Cash Flow +$144M YOY 8% Units up 25% from ~6,800 to ~8,500, EV doubled to 500+ Revenue up 40%, Gross Margin up 8pp to 13% Adj. EBITDA up $103M, and up 10pp to 8% Best Year Ever Adj. EBITDA with ~2,500 less units BLUE BIRD See appendix for additional detail regarding non-GAAP measures FY23 $1,133 32

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