Positioned for Strong Recovery in FY2023 & Beyond slide image

Positioned for Strong Recovery in FY2023 & Beyond

CARE of Employees FY2023 Focus Areas Focus Area Our People Lean Transformation Completed Leadership team transformation completed ✓ Rolled out a comprehensive employee engagement plan to improve employee satisfaction Improving the span of control and accountability in manufacturing Revamped off-line and final finish processes Improved material flow ✓ DPU's reduced significantly and plant efficiency improving ✓ Lean initiatives already reduced 15+ hours out of standard Future Levers DELIVER Profitable Growth DELIGHT Customers & Dealers • Continuing upgrades in the manufacturing facility ○ See clear path to 30% reduction in hours per bus (HPB) by 2025 Expanding Our TAM Scaling EV Launched prototype EV commercial chassis at ACT Expo ✓ EV Commercial chassis TAM over 30,000, effectively doubling Blue Bird's market Construction continues on ~40,000 sq. ft. building for EV Chassis assembly to expand production to 12 per day by the end of 1H of 2023, then to 20 per day by the end of 2023 To be a showcase of World Class Manufacturing (WCM) ○ Targeting Last Mile Delivery Stripped Chassis & High- end Motorhomes ○ Expect EV commercial chassis demo units in CY2023 • Longer term goal of increasing production to 5,000 EV units BLUE BIRD 17
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