EV Production Scaling and Financial Overview

FY2022-Q3 to FY2023-Q3 Adj. EBITDA Walk ($ Millions) Q3 Unit Volume FY2022 1,726 FY2023 2,137 Delta +411 +19.2 (+219%) 3.6 8.8 13.8 6.7 28.0 (4.9) 4.3% of Net Rev. FY22-Q3 Adj. EBITDA Bus Vol., Price-Mat. Bus Operations Parts Gross OPEX/Other Profit 9.5% of Net Rev. FY23-Q3 Adj. EBITDA Significant improvements in Pricing, Operations and Parts drove very strong FY23 Q3 results BLUE BIRD See appendix for additional detail regarding non-GAAP measures 31

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