2017 Mid Year Director’s Meeting Slide Owner:

TOPICS WHO WE ARE - BLUE BIRD 2016-01 FEATURES ENGINE OPTIONS WHO WE ARE - FTS 2

WHO WE ARE - BLUE BIRD BLUE BIRD WAS FOUNDED IN 1927 AND HAS BEEN BUILDING QUALITY SCHOOL BUSES EVER SINCE UNDISPUTED LEADER IN ALTERNATIVE FUEL POWERED SCHOOL BUSES ONLY PURPOSE BUILT BUS BUILT FROM THE GROUND UP AS A SCHOOL BUS, CHASSIS NOT RELIANT ON TRUCK MODELS

TECH FEATURES AIR DISC BRAKES VGT BRAKE LED LIGHTS - STUDENT AND DIRECTIONAL TWO-WAY RADIO INSTALL WARRANTY OPTIONS FACTORY AIR CONDITIONING ENGINES

DRIVER FEATURES BACKUP CAMERA/MIRROR ELECTRONIC STABILITY CONTROL ADJUSTABLE PEDALS INTEGRATED SEAT BELT ARM RESTS, CUP HOLDER DASH MOUNTED FAN FLIP UP SEAT CUSHION BOTTOMS FRONT AIR SUSPENSION

ENGINE OPTIONS OPTIONS, OPTIONS, OPTIONS FROM INDUSTRY LEADERS DISTRICTS CURRENTLY HAVE THE GREATEST NUMBER OF OPTIONS AVAILABLE TO THEM WITH THE GREATEST OPPORTUNITY TO ‘GO GREEN’, SAVE MONEY, OR TAILOR THEIR NEEDS TO THEIR OPERATIONS

B6.7: THE PROVEN CHAMPION 30+ YEARS OF NORTH AMERICAN LEGACY IN-LINE 6 CYLINDER SINGLE VGT TURBOCHARGER FOR ALL RATINGS 200-300 HP, 520-660 LB-FT TORQUE AMERICAN DESIGNED AND GLOBALLY EMBRACED CERTIFIED TO 2017 GREEN HOUSE GAS STANDARDS PROVEN IN VARIOUS DUTY CYCLES AND ACROSS DIVERSE APPLICATIONS

L9: PROVEN PERFORMANCE ROBUST PLATFORM WITH OVER 5 MILLION UNITS SOLD IN-LINE 6 CYLINDER 260-300 HP, 720-860 LB-FT TORQUE CLASS-LEADING POWER-TO-WEIGHT RATIO PROVEN IN VARIOUS DUTY CYCLES AND ACROSS DIVERSE APPLICATIONS CERTIFIED TO 2017 GREEN HOUSE GAS STANDARDS

CUMMINS ISV 5.0 LOWEST COST CUMMINS DIESEL ENGINE IN THE SCHOOL BUS MARKET HIGHEST FUEL ECONOMY BENEFIT WITH OPTIMIZED POWERTRAIN REALIZED IN URBAN DUTY CYCLES BEST IN CLASS DIESEL NVH (NOISE VIBRATION HARSHNESS) IN THE SCHOOL BUS MARKET ALLOWS FOR IMPROVED SOCIABILITY DRIVER SATISFACTION EXCELLENT ACCELERATION PERFORMANCE

EXTENDED COVERAGE COMPREHENSIVE PACKAGES PROVIDE PEACE OF MIND PROTECTION FROM UNEXPECTED REPAIR COSTS REDUCES VARIABILITY AND RISK IN BUDGET PLANNING HELPS PLAN MAINTENANCE AND REPAIR BUDGETS 10

Major OEM High-Volume Production Engine FORD 6.8L V10 Major OEM High-Volume Production Engine 12

Blue Bird Propane Vision PRODUCT OVERVIEW Model Years 2018 Engine Size / Manufacturer 6.8L V10 (3V) Ford Engine with exclusive ROUSH CleanTech Propane Fuel System Applications 169” / 189” / 217” / 238” / 252” / 273” / 280” wheelbase configurations 6-speed automatic transmission Fuel Tank Capacity Short: 50 gallons (47 usable) Standard Range: 70 gallons (67 usable) Extended Range: 100 gallons (93 usable) Technical Specifications EPA and CARB approved GVWR: 33,000 lbs Up to 77 passengers Blue Bird Propane Vision (Type C) 13

PRODUCT OVERVIEW Blue Bird CNG Vision (Type C) Model Year 2018 Engine Size / Manufacturer 6.8L V10 (3V) Ford Engine with exclusive ROUSH CleanTech Natural Gas Low Pressure System Applications 217” / 252” / 273” / 280” wheelbase configurations 6-speed automatic transmission Fuel Tank Capacity (Type 3 Cylinders) 217” WB: 47 DGE 252” WB: 50 DGE 273” / 280” WB: 55 DGE Fuel tanks are certified for 20 years Technical Specifications EPA and CARB approved GVWR: 33,000 lbs Up to 77 passengers Blue Bird CNG Vision (Type C) 14

Blue Bird Gasoline Vision PRODUCT OVERVIEW Model Year 2018 Engine Size / Manufacturer 6.8L V10 (3V) Ford Engine with exclusive ROUSH CleanTech Front End Accessory Drive (FEAD) Applications 189” / 217” / 238” / 252” / 273” / 280” wheelbase configurations 6-speed automatic transmission Fuel Tank Capacity Standard tank: 60 gallons Optional extended range tank: 100 gallons Technical Specifications EPA and CARB approved GVWR: 33,000 lbs Up to 77 passengers Blue Bird Gasoline Vision (Type C) 15

ALT FUEL LEADERSHIP PROPANE - ADVANTAGE FOR NOW AND THE FUTURE GENERATION 4 – CLEANER, MORE FUEL EFFICIENT, USER FRIENDLY MOST ECONOMICAL BUS IN FUEL COST PER MILE AND OPERATING COSTS OVER 9 MILLION MILES IN FLORIDA WITH PROPANE POWERED SCHOOL BUSES BLUE BIRD PROPANE BUSES HAVE OVER 90 MILLION MILES NATIONALLY - ENOUGH TO CIRCLE THE GLOBE 3500 TIMES BLUE BIRD HAS 6 TIMES AS MANY ALTERNATIVE FUELED BUSES OPERATING AS OUR COMPETITORS COMBINED OVER 20% OF BLUE BIRD’S CURRENT PRODUCTION IS PROPANE

FLORIDA PROPANE DEPLOYMENTS ** Over 450 sold in Florida.** Alachua Broward Hendry Hillsborough Indian River KIPP Charter School (Jacksonville) Pasco Pinellas Polk Putnam Seminole 19

BENEFITS: WHY THE SWITCH? Eliminates: Particulate Trap Systems EGR Systems DEF Fluid and Hardware Turbocharger and Intercooler Less Oil Per Oil Change 20

‘CLEAN DIESEL’ COMPONENTS EGR Valve Charged Air Cooler EGR Cooler Turbo Charger Pre Oxidation Catalyst Dosing Unit Dosing Module

‘CLEAN DIESEL’ COMPONENTS DOSING CONTROL UNIT DEF TANK HEATED SUPPLY LINE DEF TANK ASSEMBLY 17-30 QUARTS VS 7 QUARTS NOX SENSORS ADDITIONAL SENSORS / ASSEMBLIES SCR CATALYST

LARGE CUSTOMERS WE SERVICE WHO WE ARE - FTS FLORIDA TRANSPORTATION SYSTEMS, INC. 33 Years serving Florida Districts (Three times our competitors combined) 2 Company owned full service facilities 18 Service Technicians 41 Employees in Florida 6 Dedicated parts support personnel 11 Service vehicles LARGE CUSTOMERS WE SERVICE 7 of the TOP 9 Districts in Florida (including the 3 largest) #1) Miami-Dade #5) Palm Beach #2) Broward #7) Pinellas #3) Hillsborough #8) Polk #9) Lee #6 DUVAL IS CONTRACTED NATIONALLY

THANK YOU CHRIS RUSTMAN CRUSTMAN@FTS4BUSES.COM