Positioned for Strong Recovery in FY2023 & Beyond

Investment Highlights BLUE BIRD Well positioned for growth given the backdrop of an aging school bus fleet Primed to be a direct beneficiary of $5B of infrastructure US Government's commitment to electrification of school buses Leading market position in alternative power with a scaling EV business and an expected surge in EV Demand Product portfolio further diversified through introduction of EV commercial chassis offering Reducing structural costs through lean transformation leading to operational efficiencies Price increases to offset rising commodity costs 10%+ EBITDA margin in a normalized operating environment 5

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