EV Production Scaling and Financial Overview

Free Cash Flow Reconciliation BLUE BIRD (in thousands of dollars) Reconciliation of Free Cash Flow to Adjusted Free Cash Flow Three Months Ended July 1, 2023 July 2, 2022 Nine Months Ended July 1, 2023 July 2, 2022 Net cash provided by (used in) operating activities 39,415 (43,041) $ 84,131 $ Cash paid for fixed assets (2,650) (1,270) (6,390) (54,451) (4,748) Free cash flow 36,765 (44,311) $ 77,741 (59,199) Cash paid for product redesign initiatives 15 549 Cash paid for operational transformation initiatives 196 4,065 Cash paid for other items 293 1,133 574 5,651 285 Adjusted free cash flow 42,763 (40,229) 85,700 (52,714) 34

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