Why Invest

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450+

years of bus and coach experience

50+

years of electric bus experience

120+

million electric service miles since 2015

410+

electric chargers installed since 2018

100,000

vehicles in service

3,123

ZEB EUs delivered since 2015

13

countries with NFI buses in service

140+

cities with an NFI ZEB in service or on order

~8,000

annual ZEB production capacity

Attractive Core Markets

- Market share leader in North American heavy-duty transit buses and motor coaches, market leader in United Kingdom transit, and world leader in double-deck buses
- North American leader in low-floor cutaway and medium-duty shuttle buses, and in bus and coach parts and aftermarket support and service
- Unprecedented levels of government support fueling the transition to zero-emission and vehicle procurements
- Industry making the shift to zero-emission transportation, where NFI has significant expertise and manufacturing capacity

Competitive Advantages

- Decades of investment, innovation and product development, with a culture of innovation and disruption
- Largest manufacturing capacity with the ability to manufacture over 9,000 vehicles annually, of which 8,000 can be battery- or fuel cell-electric
- Deep customer relationships forged through decades of performance and reliability
- Unparalleled aftermarket, warranty and service
- Full suite of mobility solutions, including vehicles, infrastructure, smart connected technology, diagnostics, and aftermarket, warranty and service

Compelling Financial Profile

- 2025 Growth Targets with Adjusted EBITDA of ~400M and ~40% of production coming from zero-emission buses
- NFI Forward initiative driving annual cost savings of $67M
- Volume driven recovery strengthened by historic funding environment

Letter to Shareholders

NFI has successfully transitioned from a vehicle manufacturer to an electric mobility solutions provider, with an offering that includes zero-emission buses and coaches, charging infrastructure, telematics, and parts and service. This approach best positions us to serve our customers and drive growth as we lead the evolution, or ZEvolution, to an electric future.

Decades of strengthening our core competencies—including scalable customized manufacturing, unparalleled service and support, technology innovation, and workforce development—have established NFI as a leader in the EV market and will drive future growth.

Sincerely,
Paul Soubry
President & Chief Executive Officer

The Industry’s Widest Range of ZEBs

30- & 35-foot

Medium-Duty, Low-Floor Electric

35-foot

Battery-Electric

40-foot

Battery-Electric

40-foot

Fuel Cell-Electric

60-foot

Battery-Electric

60-foot

Fuel Cell-Electric

Single-Deck

Battery-Electric

Double-Deck

Battery-Electric

Double-Deck

Fuel Cell-Electric

Motor Coach

Battery-Electric

Motor Coach

Battery-Electric Low-Entry

NFI has the largest ZEB production capacity in North America and the UK

with 3,500,000+ square ft of production space, 14 ZEB-capable production facilities, and the ability to produce up to approximately 8,000 equivalent units (EUs) per year.

Product Types

Heavy-duty transit buses
Single deck buses
Double-deck buses
Articulated buses
Motor coaches
Low-floor cutaway
Medium-duty buses

NFI is leading the ZEvolution: the evolution to global zero-emission and electric mobility

450+

50+

120+

410+

100,000

3,123

13

140+

~8,000

Attractive Core Markets

Market share leader in North American heavy-duty transit buses and motor coaches, market leader in United Kingdom transit, and world leader in double-deck buses

North American leader in low-floor cutaway and medium-duty shuttle buses, and in bus and coach parts and aftermarket support and service

Unprecedented levels of government support fueling the transition to zero-emission and vehicle procurements

Industry making the shift to zero-emission transportation, where NFI has significant expertise and manufacturing capacity

Competitive Advantages

Decades of investment, innovation and product development, with a culture of innovation and disruption

Largest manufacturing capacity with the ability to manufacture over 9,000 vehicles annually, of which 8,000 can be battery- or fuel cell-electric

Deep customer relationships forged through decades of performance and reliability

Unparalleled aftermarket, warranty and service

Full suite of mobility solutions, including vehicles, infrastructure, smart connected technology, diagnostics, and aftermarket, warranty and service

Compelling Financial Profile

2025 Growth Targets with Adjusted EBITDA of ~400M and ~40% of production coming from zero-emission buses

NFI Forward initiative driving annual cost savings of $67M

Volume driven recovery strengthened by historic funding environment

Letter to Shareholders

The Industry’s Widest Range of ZEBs

NFI has the largest ZEB production capacity in North America and the UK

with 3,500,000+ square ft of production space, 14 ZEB-capable production facilities, and the ability to produce up to approximately 8,000 equivalent units (EUs) per year.

Product Types

Press Releases

NFI powers Austin’s CapMetro fleet electrification with 26 New Flyer zero-emission Xcelsior CHARGE NG™ buses

NFI delivers strongest FTA Low-No and Buses and Bus Facilities grant performance ever, as named partner on more than $200 million in grants

NFI Confirms the Successful Completion of Its Comprehensive Refinancing Plan

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