FY24 Financial Guidance Update

FY22 to FY23 Adj. EBITDA Walk: $103M YoY Improvement ($ Millions) Unit Volumes FY2022 6,822 FY2023 8,514 Delta 1,692 (2)% (15) FY2022 +103 17 17 Pricing, EV Mix 20 JV Net Income (17) + ITDA Addback Labor Costs 66 Higher Rev. and Margins SG&A and Engineering Efficiency Improvements, Operating Leverage 88 8% Adj. EBITDA Bus Vol., Price-Mat. Bus Operations Parts Gross Profit JV Micro Bird OPEX/ FY2023 Other Adj. EBITDA Significant improvements in Pricing, Operations, Parts and Micro Bird JV drove record FY23 results BLUE BIRD See appendix for additional detail regarding non-GAAP measures 33

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