FY24 Financial Guidance Update

SCHOOL BUS SCHOOL BUS Significant Investments Starting in FY2024 Products and Powertrain Next gen Ford Gas / Propane Manufacturing and Supply Chain Evaluate capacity expansion People and Processes Inflationary pressures and labor • Product enhancements for EV • Production facility updates. • Competitive employee benefits • New safety offerings • Quality improvements • Complexity reduction initiative Commercial chassis EV Supply chain to 50/day • Upgrade ERP system / FP&A BI Engineering expenses 2x YoY, to ~$25M CAPEX / Tooling 3x YoY, to ~$25M Inflationary costs ~2% of Revenues After three years of cash preservation, we plan for increased investments in growth from FY24 on BLUE BIRD 18

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