Positioned for Strong Recovery in FY2023 & Beyond

Key Success Factors Already in Place for FY2023 Rev. $235 Adj. EBITDA 1 $245 - $260 $255 - $270 Q1 guidance met; Record Revenues and EV sales ✓ Raising Revenues and EBITDA guidance for FY23 ✓ Fiscal Year almost sold out, with locked higher pricing ✓ Softening raw material prices (i.e. Steel) impact in H2 $265 - $285 $1,000 - $1,050 $M 20 18-22 ~43 40 - 46 ~4% Older Backlog Pricing missing ~5% increase, headwind of ~(10)M 15 13-17 10 9-11 ~8% ~6% (4) ~(2)% ~4% BLUE BIRD FY23-Q1 Actual FY23-Q2 FY23-Q3 FY23-Q4 FY23 Total Return to historical profitability in FY23, Q4 run-rate Adj. EBITDA of ~$80M+ on ~$1Bn Revenues See appendix for additional detail regarding non-GAAP measures 19

View entire presentation