FY24 Financial Guidance Update

Adjusted EPS Reconciliation BLUE BIRD (in thousands of dollars) Reconciliation of Net Income (Loss) to Adjusted Net Income (Loss) Three Months Ended September 30, 2023 October 1, 2022 18.618 $ Twelve Months Ended September 30, 2023 October 1, 2022 (45,759) (23,095) $ 23,812 $ Net income (loss) $ Adjustments, net of tax benefit or expense (1) Operational trans formation initiatives Product redesign initiatives Share-based compensation expense Stockholder transaction costs Loss on debt modification Other Adjusted net income (loss), non-GAAP $ 462 1,234 1,300 5.698 434 1,439 424 3,088 2,915 828 5,455 56 397 499 425 225 21,347 $ (21,381) 34,477 (35,988) (1) Amounts are net of estimated tax rates of 26% for the three and twelve months ended September 30, 2023, and 21% for the three and twelve months ended October 1, 2022. Reconciliation of Diluted EPS to Adjusted Diluted EPS Three Months Ended Twelve Months Ended September 30, 2023 October 1, 2022 0.58 $ (0.72) $ September 30, 2023 October 1, 2022 0.74 $ (1.48) 0.08 0.06 0.33 0.33 0.66 (0.66) 1.07 $ (1.15) 32,364,765 32,306,574 32,258,652 31,233,401 Diluted earnings (loss) per share $ One-time charge adjustments, net of tax benefit or expense Adjusted diluted earnings (loss) per share, non-GAAP Adjusted weighted average dilutive shares outstanding 37

View entire presentation