Blue Bird (BLBD) Investor presentation summary

Investment highlights

• Strong industry growth expected, supported by healthy funding and an aging school bus fleet.

• Leading position in alternative power and electric school buses, with over 60% of sales non-diesel.

• Beneficiary of federal and state subsidies for school bus electrification.

• Product portfolio expanded with the introduction of an EV commercial chassis.

• Lean transformation initiatives are reducing structural costs and supporting profitable growth.

Industry overview

• Over 552,000 school buses operate in the U.S. and Canada, transporting 26 million children daily.

• Industry averages 30,500 new units annually, with a fleet average age of 11 years.

• 45% of the fleet is 11 years or older, supporting high annual replacement demand.

• Funding is primarily from property taxes, and demand is driven by population growth and fleet age.

Company and product highlights

• Headquartered in Macon, Georgia, with a manufacturing footprint serving the entire U.S.

• Offers the most expansive range of school buses, seating 10 to 90 passengers, with multiple fuel options.

• Launched Blue Bird Energy Services and Clean Bus Solutions JV for turnkey charging infrastructure.

• First commercial chassis order received in January 2026, with production starting in FY26 Q4.