Positioned for Strong Recovery in FY2023 & Beyond

EPA Clean School Bus Rebate Program Program Overview $5B funding over 5 years ~$1B released in 2022 2,468 Buses awarded at 391 School Districts 2022 Lottery Results Other OEMS 690 Blue Bird Corporate and Dealers ~300 Loyal BB Customers and 200- 400 Channel Partners Short-term Impact for Blue Bird ~$200M revenue Total of 500-700 orders ~1,200 Unallocated winnings Long-term Impact for Blue Bird During 5 year program, ~$1B+ in potential revenue for Blue Bird Next funding allocation expected to start in early 2023 as competitive grant program BLUE BIRD * 1 CNG-powered bus awarded 13

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