Positioned for Strong Recovery in FY2023 & Beyond

Income Statement ($ Millions) FY2023-Q1 FY2022-Q1 B/(W) Unit Volume 1,957 1,149 808 Unit Backlog 5.335 4,854 481 Net Revenue $235.7 $129.2 Bus Rev./Unit ($000's) $109.0 $97.9 Gross Margin 3.2% 12.5% $106.5 $11.1/10% (930) bps Adj. Net Income¹ $(9.8) $(2.0) $(7.8) Adj. EBITDA 1 $(4.2) $3.6 $(7.8) Adj. EBITDA Margin¹ Adj. Diluted EPS1 (1.8)% 2.8% (460) bps $(0.30) $(0.07) $(0.23) Significant improvement in operations, offset by higher costs and lower prices on legacy backlog units 1See appendix for additional detail regarding non-GAAP measures BLUE BIRD 26

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