2019 SUSTAINABILITY REPORT

1 REV’S ROAD TO SUSTAINABILITY

REV Group has grown quickly over the past 13 years, to a publicly traded company with 20 manufacturing locations and 30 specialty vehicle brands, serving the commercial, emergency, and recreation markets. Our “Vehicles for Life” are more than just products; they represent our commitment to connect and protect our employees, business partners, communities, investors, and the environment. Not only do our core values dictate that we conduct our business ethically and with integrity, but also in a manner that provides a safe workplace for every employee and reduces the impact of our footprint on the environment. This entails a never-ending pursuit to become an industry leader and champion of sustainability and safety.

We have started our journey with a strategic approach to determine the key environmental, social, and governance issues that impact our business and the decisions of our stakeholders. We will be using this information to formalize our sustainability monitoring and reporting framework and identify initiatives and opportunities that create long-term value.

We are very excited to be publishing our first sustainability report that provides an understanding of who REV Group is as a company and the progress we have already made. We know there is a lot more to do and we are committed to continuous improvement and communicating our headway as our journey progresses.

Tim Sullivan REV Group, Inc., President and CEO

2 OUR BUSINESS

3 A DECADE OF EXPANSION

Headquartered in Milwaukee, Wisconsin, REV Group, Inc. is a 2006 leading designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services. We provide 2008 customized vehicle solutions for applications including essential needs (ambulances, fire apparatus, school , and municipal 2010 buses), industrial and commercial PURCHASED MAJORITY INTEREST IN ASV IS FORMED (terminal trucks, cut-away buses, and sweepers), and consumer leisure (RVs and luxury buses). 2012

In the past 13 years, we have successfully completed 16 acquisitions. We believe we have 2014 the ability to grow and enhance TIM SULLIVAN BECOMES ASV CEO the earnings profile of acquired

NOTE: This is a reproduction of the client’s logo. We do not have the original logo les from the client. ASV RENAMED AND REBRANDED AS REV GROUP businesses by expanding access to sales distribution channels, 2016 consolidating acquired businesses BRAND LAUNCHES FOR AND into our existing operations, and streamlining the integration of newly acquired businesses to drive 2018 profitable growth. FORMED ALLIANCE TO DISTRIBUTE DAIMLER AG MOTORCOACHES

(DIVESTITURE) BRAND LAUNCH FOR . 2020 (DIVESTITURE) 4 A QUICK LOOK

Team Manufacturing Operating Net Spend on Research Total Shareholder Members Facilities Income Sales and Development Equity

8,040 20 $15.9M $2.4B $4.8M $505M (as of October 31, 2019)

DISCLAIMER: Unless otherwise indicated or the context requires otherwise, references in this report to the “Company”, “REV”, “we”, “us”, and “our” refer to REV Group, Inc. and its consolidated subsidiaries. 5 A DIVERSE PORTFOLIO

Our brand portfolio consists of 30 well-established principal vehicle brands, including many of the most recognizable names within our served markets. Several of our brands pioneered their specialty vehicle product categories and date back more than 50 years.

One of the Industry’s Broadest Product Portfolio of Specialty Vehicles

FIRE AND EMERGENCY

Pumper/Tanker Aerial Fire Truck Aircraft Rescue Ambulance Type I Ambulance Type II Ambulance Type III With Ladder Fire Fighter

COMMERCIAL

Type A School Transit Bus Shuttle Bus Terminal Truck Sweeper

RECREATION

Class A Diesel Class B Class C Super C Truck Camper Travel Trailer Class A Gasoline

6

OUR LOCAL COMMUNITIES

CORPORATE RECREATION REV Group is comprised of 29 specialty vehicle brands,Milwauke eproviding, WI approximatelyElkhart, IN 8,040 jobs in 19 manufacturing 1 REV Corporate 15 Midwest Automotive and 12 support facilities across the U.S. and one Headquartersmanufacturing facility inDesigns Sorocaba, Brazil.

REV PARTS Bristol, IN 16 CORPORATE CORPORREACTREE ATION RECREADTIIOSNTR IBUTION CENTERS Renegade RV

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CRBEriAstToIlO, IN REV PARTS 16 RenegadeBristol, IN RV RDEISVT RPAIBRMUTiTSlwI OauNk eCeE, NWTIE 8R S Je16ffe r soDRenegadeBnre,Ei csNlktaCoht ula, rIt,N RV,I N IN Decatur, IN Decatur, IN D8IS TRIJBeMUffeiTlrwIsOoauNnk, eNCeCE, NWTIE 8R S Je16ffe r soRenegadeDne,E cNlkaCht uart, RV,I NIN Dec23at ur, IND allas, TX 18 DIS1T RIBREVMUiTlw ICorporateOauNk eCeE, NW TIE RS 15 FleetwoodRenegadeMidwestElkhart RV, RV AutomotiveIN , American Fleetwood RV, American Goldshield Fiberglass D8IS 1T R IJBeREVUffeTr ICorporatesOoNn, NCCE N TERS 1715 DFleetwoodeMidwestcatur, IRVAutomotiveN , American17 Fleetwood RV, American 8 1 HeadquartersREV Corporate 1715 DCoach,eDesignsMidwestcat uMonacor, IAutomotiveN Coach,17 Coach, Monaco Coach, 8 JeHeadquartersfferson, NC FleetwoodDCoach,eDesignscat uMonacor, IRVN , American Coach, Coach, Monaco Coach, 208 JDeeHeadquartersfcfeartsuorn, I,N N C 20 De17ca turFleetwoodHolidayD, eIDesignsNc atu Ramblerr, IRVN , American Lancaster, CA REV PARTS 17 Coach,FleetwoodHolidayBrist Monaco oRamblerl, IRVN , American Coach, Holiday31 Rambler 26 20RE V PARTS 1716 Coach,FleetwoodBrist Monacool, IRVN , American Coach, Sparks, NV REV PDAecRaTtuSr , IN 1716 Coach,HolidayRenegadeBrist Monaco oRamblerl, IN RV Coach, Lance Camper 20D IS TRDIeBcUatTuIrO, IN CENTERS 16 HolidayCoach,DeRenegadecat uMonaco Ramblerr, IN RV Coach, Decatur, IN 2023D IS TRDIeaBlclUastTu, IrTO,X I N CENT23E RS Da18lla s, THolidayDXeRenegade catu Ramblerr, IN RV 18 Decatur, IN 2023D IS TRDIeaBlclUastTu, IrTO,X I N CENT23E R S Da18lla s , THolidayGoldshieldX Rambler Fiberglass 18 Goldshield Fiberglass DGoldshieldeDceactautru, rIFiberglass,N I N Goldshield Fiberglass 238 DaJellfafse,r TsoX n, NC 18 DeDceactautru, rI,N I N COMMERCIAL FIRE 238 DaJellfafse,r TsoX n, NC 18 LGoldshieldDaeFleetwoodDncecacatasutrue, rIFiberglass,N CIRV NA , American Lancaster, CA 2331 SDpaJaellrfakfses,r, T sNoXV n , NC 31 Sp1826a17r k s , GoldshieldDLNaeFleetwoodVnc caatsutre, rIFiberglass,N CRV A, American26 Lancaster, CA 2331 DSpaallrakss,, T NXV 31 Sp1826a17r k s , GoldshieldNCoach,FleetwoodV Monaco Fiberglass RV, American Coach,26 Lance Camper 17 LGoldshieldLanceaCoach,nca Camperst eMonacor Fiberglass, C A Coach, Lance CamperIm lay City, MI 3120 SpDaerkcas,t uNrV, IN 26 LaHolidayCoach,ncast eMonaco Ramblerr, CA Coach, Hamburg, NY 3120 SpDaerkcas,t uNrV, IN 26 LanceLaHolidaynca Camperste Ramblerr, C A 3120 SpDaerkcas,t uNrV, IN COMME26R CIALanceLLaHoliday nca Camperste Ramblerr, CA FIRE 2 Champion Bus, Goshen, 3 C31OM M SpEaRrCksI,A NLV COMMFE26IR EC IALanceL Camper FIRE E-ONE LanceDec Camperatur, IN Federal Coach, Krystal CO23M MEDRaCllaIAs,L T X FIR18E Decatur, IN CO23M M ImEDlRayCll aICAsi,tL yT ,X M I IFmIlRa18Ey C ityGoldshieldD, eMcIa tur, IFiberglassN CO23M M ImEDlRayCll aICAsi,tL yT ,X M I IFmIlRa18Ey C iHtyaGoldshield,m MbIu rg, N FiberglassY Hamburg, NY CO2 MM ChampionERCIAL Bus, Goshen,2 ChampionFI3R E H Bus,aGoldshieldmb Goshen,urg, N FiberglassY 3 Hamburg, LNoYn gview, TX Nesquehoning, PA 2 IChampionmlay Cit yBus,, M Goshen,I 2 Champion3 E -Bus,ONELan cGoshen, aster, CA 3 E-ONE22 5 31 IFederalmSlpaayr Ck Coach,sit,y N, MV KrystalI Federal26 Coach,HE-aONELmanb Krystalc uarsgte, rN , YC A E-ONE 231 IChampionFederalmSlpaayr Ck Coach,sit, y Bus,N, MV KrystalGoshen,I Federal326 Coach,HaLanceLmanb Krystalcua Camperrsgte, rN , YC A Capacity, Laymor KME 231 ChampionImSlpaayr Cksit, y Bus,N, MV Goshen,I 326 EH-aONELancemb u Camperrg, NY 2 FederalChampion Coach, Bus, KrystalGoshen, 3 EH-aONELancemb u Camperrg, NY 2 FederalLChampionongvi eCoach,w Bus,, TX KrystalGoshen, Lo3n gv ie NEw-eONE, sTqXu ehoning, PA Nesquehoning, PA 22CO MFederalMERC Coach,IAL Krystal22 5F IR E E-ONE 5 Salina, KS Roanoke, VA CO MLCapacity,FederalMonEgRviC eCoach, IwLaymorA,L T X Krystal Capacity,FIR E NKME Laymoresq ue honing, PA KME24 6 22CO MLMonEgRviCeIwA,L T X 5F IRE Nesquehoning, PA ElDorado National KME 22 Capacity,Longvie wLaymor, TX 5 KMENesq uehoning, PA 22 Capacity,SLoaIlnminglav,iye K wCLaymorSi, t yT,X M I Sa5lin a, KKMERNSoe asq nuoekeh,o VnAin g, PA Roanoke, VA 2422 Capacity,Imlay CLaymority, M I 24 65 KMEHa mburg, NY 6 2 Capacity,ElDoradoChampionImlay CLaymorNationalit yBus,, M Goshen,I ElDorado3 KME NationalHa mb urg, NY KME Hutchinson, KS Ocala, FL 2 SElDoradoaChampionlina, K NationalS Bus, Goshen, ElDorado3 RKME NationaloEHa-aONE nmokb e u,r gV,A N Y KME25 10 242 SaFederalChampionlina, K SCoach, Bus, KrystalGoshen, 6 3 RoEa-ONEnok e, VA 24 SElDoradoaFederallina, K NationalSCoach, Krystal Hu6t ch in RKMEsoEna-ONE n, KoSk e, VA Ocala, F L Collins Bus E-ONE 2524 ElDoradoHSauFederalltincah,i nK s NationalSCoach,o n, KS Krystal 25 H10u6t c h inKMEORsocna nl,a Ko, SkF eL, VA 10 Ocala, FL 2524 CollinsElDoradoLong Busvi Nationale w, TX 25 Collins106 BusEKME- ONENe s quehoning, 10PA E-ONE 22 HCollinsElDoradouLotcnhg Busivni sNationaleo wn,, TKXS Collins5 BusOEKME- cONENae las q, FuLe honing, PA E-ONE Riverside, CA Holden, LA 2522 HuCapacity,Lotcnhgivniseo wLaymorn,, TKXS 105 OcKMENaelasq , FuLe honing, PA 28 21 2522 HCollinsuCapacity,tch Businso Laymorn, KS Ri10ve5 rs id OEe-,cONEKME aClAa , FL Holden, LA 2825 CollinsRHiuCapacity,vtecrhs Busindseo , LaymornC,A K S 28 Ri2110ve rs id EHOe-o,cONEKME aCldlAae ,n F, LL A 21 Holden, LAENC Ferrara Fire Apparatus 2825 ENCCollins Bus 28 ENC2110 FerraraE-ONE Fire Apparatus21 Ferrara Fire Apparatus 24 RENCCollinsiSvae lrisn Busiad,e K , SC A ENC 6 HFerraraE-oONERlodae nn Fireo, kLeA Apparatus, VA Ferrara Fire Apparatus 2824 RiSvaelrisniad,e K, SC A 216 HoRlodaenno, kLeA, VA 2824 ENCRiElDoradove rside, NationalCA 216 FerraraHoKMElde n Fire, LA Apparatus 28 ENCRiElDoradove rside, NationalCA 21 FerraraHoKMElde n Fire, LA Apparatus AMBULANCE A28M B U ENCLAN CE AMBUL 21AN C E Ferrara Fire Apparatus ENCHu tchinson, KS FerraraOcal aFire, FL Apparatus 25 Hutchinson, KS 10 Ocala, FL AM25B U LACollinsHuNtCchE Busi nso n, KS J eff10ers o n,EO -NcONECal a , FL Jefferson, NC AM25B U JLeACollinsffNerCsoE Busn , N C J eff10ers o n,E -NONEC A7M BU LACollinsNCE Bus 7 American EmergencyE-ONE Vehicles, A7M BUJAmericanLeARffiNeverCsroEsin dEmergency,e N, C A 7Vehicles American , EmergencyHolden, LVehiclesA , 7 American Emergency Vehicles, 28 JFirstareRffiever srosind,e N, C A Firstar21 Holden, LA 728 AmericanJFirstareENCRffiever srosin dEmergency,e N, C A VehiclesFirstar, 21 FerraraHolden Fire, LA Apparatus Firstar 728 AmericanJeENCffer son Emergency, NC Vehicles, 21 Ferrara Fire Apparatus 7 OFirstarAmericanrENClan do ,Emergency FL VehiclesOr, lando , FerraraFL Fire Apparatus 7 FirstarAmericanOrlan do ,Emergency FL VehiclesOr, lando, FL 12 WheeledFirstar Coach, Road12 Rescue,Wheeled Coach, RoadRE Rescue,PAIR AND TECHNIRCOEArPLlAa CnIREd NAoTN, EFDRL ST ECHNICAL CENTERS 12AM BOFirstarWheeledUrLlaAnN doC Coach,,E F L Road12 Rescue, Wheeled Coach, RoadRE Rescue,PAIR AND TECHNIRCEAPLA CIRE NATNEDR ST ECHNICAL CENTERS AM BOMarque,UrLlaAnNdoC McCoy,E F L -Miller, Frontline Marque, McCoy-Miller, Frontline 12 Wheeled Coach, Road Rescue, REPAIR AND TECHNICAL CENTERS 121 WheeledOMarque,rlando McCoyCoach,, FL - Miller,Road1 Rescue, FrontlineMarque, McCoy-Miller,RE PFrontlineAIR AN D TECHN ICAL CENTERS 12 WheeledOrJleafnfedros Coach,,o FnL, N CRoad Rescue, Marque, McCoy -Miller, Frontline 121 Marque,WheeledJeffer s McCoyCoach,on, N- CMiller,Road Rescue, Frontline REPAIR AND TE1C HNICAL CENTERS 127 WheeledGrAmericanJoevffee rCs iCoach,otyn Emergency,, ONH CRoad Rescue, VehiclesGr o,v e C it y, OH REPAIR AND TECHNICAL CENTERS 1 7 Marque,GrAmericanove C McCoyity Emergency, OH-Miller, 14 FrontlineVehiclesGro,v e City, OH REPAIR AND TECHNICAL CENTERS 141 7 Marque,American McCoy Emergency-Miller,14 FrontlineVehicles, EMER GENCY (FIRE AENMDE ARMGEBNUCLYA N(FCIREE) AND AMBULANCE) RECREATION RECREATION 1 GHortonMarque,rFirstarAmericanove EmergencyC McCoyity Emergency, OH-Miller, Vehicles FrontlineVehicles Horton, Emergency Vehicles Grove City, OH 14 GrFirstarove C ity, OH EMERGE14NC Y (FIRE AND AMBULANCE) RECREATION 14 HortonGrove EmergencyC ity, OH Vehicles EMERGENCY (FIRE AND AMBULANCE) RECREATION 14 GSorOourvtlhae n ECdli toMy, ,oF OnL Hte , CA South E l Monte, CA EMERGENCY (HortonFIRE A NEmergencyD AMBU LVehiclesANCE) RECREATION 1427 HortonSoOurtlha nEmergencyEdl oM, oFnL te, Vehicles C27A South E l Monte, CA EM4 ER GLEitNtleC FYe (rFryIR, NE JA ND4 AMLBit11tUle L FAeNOrrCcyaE, lNa) ,J FL 11 Ocala, FL29 Riverside, CA 29 RiversideR, EC19CA R EADTeIcOaNtu r, IN 19 Decatur, IN 2712 LeaderHortonWheeledOrla nEmergencydo Coach,, FL RoadVehicles27 Rescue, Leader Emergency Vehicles REP A IERM 4A ENR DGL ETitNEtlCeC HFYe N(rFrICyIR,A NEL J A CNEND4 TAE MRLSBit11 tUle L FAeNOrrCcyaE, lNa) ,J FL 11 Ocala, FL29 Riverside, CA 29 RiversideR, EC19CA R EADTeIcOaNtu r, IN 19 Decatur, IN 12 SLeaderHortonoWheeleduth EmergencyEl M Coach,onte, RoadVehicles CA Rescue, Leader Emergency VehiclesREPA IR AN D TECHNICAL CENTE RS 271 SoMarque,Wheeleduth El M McCoyCoach,onte- ,Miller,Road CA Rescue, Frontline REP AIR 4A NDL TitEtlCe HFeNrSrICyo,Au NLtJh C ElN MTEoRnSt11 e, CAO cala, FL 29 Riverside, CA 19 Decatur, IN 271 LeaderSoMarque,uth EmergencyEl M McCoyonte- ,Miller,Vehicles CA Frontline 4 Li27ttle Ferry, NJ 11 Ocala, FL 29 R4i versidLeit,t CleA Ferry, NJ 1911 DecOatcuar,l aIN, FL 29 Riverside, CA 19 Decatur, IN 271 LeaderSouth EmergencyEl Monte ,Vehicles CA 4 Little Ferry, NJ 11 Ocala, FL 29 Riverside, CA 19 Decatur, IN 27 LeaderGrov Emergencye City, OH Vehicles 94 TLiatltllaeh F aesrsLeaderreye, ,N F JL Emergency9 Ta1311lla Vehiclesh asFOsoecreat,l a L F,aL Fu Ld erdale, F13L Fort Laud3029er d alSReoi,v uFetL rh s iSdaen, CFAra ncis30co , CAS outh San F3219ra n cisCDc oeobc, auCtrAug r, ,O INR 32 Coburg, OR 14 LeaderGrov Emergencye City, OH Vehicles EME RGENCY (FIRE AND AMBU LANCE) REC REATION 14 HortonGrove EmergencyCity, OH Vehicles E9M ERTGalElaNhCasYs e(Fe,I RFEL AND AM13B ULAFoNrCt LEa)u derdale, FL 30 South San Francisco, CA 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THE VALUES THAT GUIDE US

8 OUR VALUES

Our core values guide our actions and decisions, including our commitment to sustainability. Engrained in every process, service, and product we provide, each of our values correspond to why and how REV Sustainability is an essential part of our business.

Safety Always Passion is the Fuel Whether it’s process refinements, staffing efficiencies, Passion is the Fuel means the desire to be better than or quality checks, we ensure employee safety works we were the day before, to manufacture the most in parallel with our sustainability initiatives. Safety sustainable products on the market, and to support has always been a top priority for REV Group, and the communities who rely on our vehicles. It’s also the road to sustainability is no exception to our value why we’ll work tirelessly to make REV Sustainability of Safety Always. a success.

Do the Right Thing First Never Settle We believe an organization-wide commitment to No matter how high the bar, whether it’s RVs, environmental, social, and economic responsibility emergency units, after-market support, or any is essential for long-term change, which makes our of our other services, we continue to raise it even REV Sustainability roadmap a natural extension of higher. When it comes to protection, connection, our tenant to Do the Right Thing First. service, support, or sustainability, we choose to Never Settle. Embrace Change Aptly embodying our road to sustainability, Embrace Change is the fundamental idea that drives all of us at REV Group to continue innovating the way we do business, from how our brands apply sustainable manufacturing to how they embrace technology to help protect the planet.

9 A STRATEGIC APPROACH TO SUSTAINABILITY

10 MATERIALITY ASSESSMENT

As with all aspects of our business, we have taken a strategic approach dealers, customers, suppliers, business partners, etc., to understand the to our sustainability journey. We started by conducting a Materiality voice of the external stakeholder. Assessment following the principles found in the Global Reporting Initiative (GRI) Standard to identify and prioritize issues considered to The results of the assessment were plotted on a matrix to identify directly or indirectly influence our environmental, social, and governance the priority of each topic. With this information, we will place focus (ESG) impacts or the decisions of stakeholders. on several of the top priority issues such as energy, environmental compliance, occupational health and safety, and employment to identify An internal team identified and prioritized approximately 35 ESG topics initiatives and opportunities that create long-term value. We will routinely based on their significance of impact. We then evaluated these issues on review and update the materiality assessment to ensure we continue to their relative importance to our stakeholders by surveying a sample of focus on those topics of importance to our business and stakeholders. our employees, including those employees who routinely interact with

ESG Topics Evaluated

ENVIRONMENTAL SOCIAL GOVERNANCE

Energy Anti-Competitive Behavior Customer Privacy Economic Performance

Environmental Compliance Supplier Social Assessments Product Quality/Standardization Marketing and Labeling of Business Processes Emissions Non-Discrimination Materials Brand Identity/Management Effluents and Waste Occupational Health and Safety Employment Training and Education Supplier Environmental Socio-Economic Compliance Innovation Assessments Forced or Compulsory Labor Customer Health and Safety Procurement Practices Biodiversity Child Labor Local Communities Diversity and Equal Opportunity Water Human Rights Assessments Anti-Corruption Market Presence Public Policy Labor/Management Relations Indirect Economic Impacts Rights of Indigenous Peoples Security Practices

11 A CLEAR PATH FORWARD

12 REV PRODUCTION SYSTEM

In fiscal year 2019, we launched the REV Production System (RPS), a new business model for our company that incorporates key drivers such as strategic business reviews, talent and performance management, and detailed annual operating plans. The RPS will allow us to better align the five-year strategies of each of our business units and product portfolios under one overarching vision and establish value-add core business processes and tools.

Sustainable Company Vision Breakthrough Improvements (year-over-year)

Five-Year REV Operational Strategic Business Excellence Unit Plans (SBR)

Annual Operation Annual Talent Plans (AOP) Reviews

13 REV OPERATIONAL EXCELLENCE

One of the RPS key drivers is our new REV Operational Excellence (REV OPX) framework, which currently consists of five interconnected pillars, or centers of excellence: Sales Process Excellence; Sales Inventory and Operations Planning (SIOP) Excellence; Lean Operations Excellence; Supply Chain Excellence; and Environmental, Health, and Safety (EHS) Excellence. This framework will promote a consistent approach and common language to achieving operational excellence across each of our business units. As we continue to mature, additional pillars may be added to the REV OPX framework to embed a culture of process excellence across all critical functions and throughout the entire organization.

The REV OPX pillars are supported by several key foundational areas, LEAN SUPPLY SALES SIOP EHS including sustainability. This structure will promote the integration of OPERATIONS CHAIN PROCESS EXCELLENCE EXCELLENCE strategies surrounding environmental stewardship, social progress, EXCELLENCE EXCELLENCE EXCELLENCE and economic growth. We believe this holistic approach will emphasize long-term value creation over short-term performance and ensure a sustainable future for our organization, employees, business partners, investors, and communities in which we operate.

Measurement Systems Analysis

Technology Enablement

Engineering/New Product & Service Introduction

Sustainability

14 PRODUCT INNOVATION

We are continually enhancing and customizing our product offerings to meet our customers’ needs for more sustainable products. We are meeting this demand by launching new innovations that use alternative fuels along with vehicle management systems to reduce the overall environmental impact while also saving on vehicle operating costs. Here are a few key examples:

Axess-FC Hybrid Fuel Cell Bus ENC has been working with hybrid technology for over 25 years and delivered its first hybrid ElDorado National California (ENC), fuel cell bus back in 2014. Axess-FC buses an industry leader in designing and are in cities from coast to coast and to date manufacturing zero-emission buses, now have logged over 1 million transit service offers a more sustainable choice in the bus miles. ENC is pioneering innovative world- industry, the Axess-FC. The Axess-FC was class transportation which evolves with and the first hybrid fuel cell bus to complete the enhances the quality of life of its users and the rigorous testing that simulates 500,000 miles communities in which they live and travel; a of service over 12 years at the Altoona Bus perfect example of REV Group’s commitment Research and Testing Center. The Axess-FC to sustainability in action. is also the only hybrid fuel cell bus that is

certified for 3-point seat belts. GREENHOUSE GAS EMISSION ESTIMATES

The Axess-FC is a 1:1 replacement for EMISSION REDUCTION Metric Tons per Year (Per Vehicle) 140 conventional buses. Fueled by hydrogen, the only emission coming from the tailpipe is water. It can refuel in 10 to 15 minutes and has EQUIVALENCY Number of Passenger Vehicles 30 a range of over 250 miles. This means there is Eliminated from the Road no need to increase fleet size or adapt routes, and the quick refueling allows fuel-cell buses to flow along with conventionally-fueled buses.

SOURCES: El Dorado Axess FC Brochure and U.S. EPA Greenhouse Gas Equivalencies Calculator 15 PRODUCT INNOVATION

Battery-Powered Idle Mitigation When idle mitigation is activated, ZeroRPM continues to provide power to operate as if First responders are never off duty, and the engine is running, allowing use of radios, neither are their emergency vehicles. As emergency lights, interior lights, oxygen a result, emergency vehicle fleets are often and medical air, fresh air ventilation, chassis, idling for a significant amount of the day windows, etc. to keep vital equipment protected. Vehicle

idling puts extra wear and tear on a vehicle, GREENHOUSE GAS EMISSION ESTIMATES increases operating costs from wasteful fuel consumption, and impacts the environment EMISSION REDUCTION Metric Tons per Year (Per Vehicle) 10 through greenhouse gas emissions. To address these issues, we have partnered with ZeroRPM to offer a battery-powered idle mitigation EQUIVALENCY Number of Passenger Vehicles 2 system option for our emergency vehicles. Eliminated from the Road

Zero-Emissions Terminal Trucks The project will demonstrate to terminal operators that hybrid fuel-cell/electric yard Yard trucks are the single largest source trucks are a safe, reliable, and operationally of emissions in all classifications of cargo preferable solution for meeting the port’s handling equipment but are difficult to convert clean air action plan. to zero-emissions due to their unique duty

cycle and operating environment. PROJECTED GREENHOUSE GAS EMISSION ESTIMATES

We’re proud that starting spring 2021, two EMISSION REDUCTION Metric Tons per Year (Per Vehicle) 22 REV Group zero-emissions yard trucks will begin service at the Port of Los Angeles thanks to a results-focused team of partners EQUIVALENCY Number of Passenger Vehicles 5 and a pilot project that leverages our existing Eliminated from the Road fleet relationships and vehicle platforms.

SOURCES: ZeroRPM, REV Ambulance ZeroRPM Idle Control System, Zero Emissions for California Ports (ZECAP) and U.S. EPA Greenhouse Gas Equivalencies Calculator 16 WORKPLACE EXCELLENCE

17 EMPLOYEES

REV Behaviors In 2019, we introduced a holistic set of REV Behaviors that will guide our employees and managers in how they interact and work with each other. These behaviors have been integrated into all aspects of our business, including performance management, recruitment, training, and employee development.

EMPLOYEE

Take Action to Get Work Well Focus on the Communicate Committed to Personal Own the Work Things Done with Others Customer Effectively Improvement

SUPERVISOR/MANAGER

Build a Winning Team Direct Work and Communicate with Respect and a Good Work Experience Ensures Accountability

SENIOR LEADERSHIP

Think Strategically Drive the Vision Manage Complexity Attract Top Talent and Applies Business Insights

18 EMPLOYEES

Health and Well-Being Training and Education Our employees play a tremendous part in our company’s We support the continuous development of all ultimate success. We realize that keeping our employees employees. Employees are encouraged to pursue engaged, productive, and committed to reaching educational and training opportunities that enhance shared goals and objectives means understanding their skills, knowledge, and abilities in their current job that they are more than just employees. We strive to and that prepare them for other career opportunities provide them with the benefits and policies they need throughout the company. to be financially, emotionally, and physically secure. We offer a competitive package of benefits and create an In November 2019, we launched an online learning environment of shared responsibility for health. management system with initial course offerings covering the topics of Environmental, Health, and In addition to traditional insurance benefits, we invite Safety; Leadership; Technology; Business Skills; employees and families to participate in their own and Compliance. health management, through programs such as health assessments, weight management programs, diabetes management programs, and wellness challenges and events through our REVitalize committee.

19 GOVERNANCE AND ETHICS

Speak Up influence official action. Our Code of Conduct and various Company policies lay out what is expected of employees We are committed to the highest possible standards of in numerous areas, such as anti-corruption, insider ethical, moral, and legal business conduct. Employees trading, conflicts of interest, and prohibiting company are made aware that their supervisors, the human contributions of money or services to political parties. resources department, the legal department, as well as our Compliance Hotline are all avenues for employees to We conduct periodic employee training, to ensure confidentially and/or anonymously raise concerns, in good employee adherence to the Code and policies, and faith, with the reassurance that they will be protected provide the Audit Committee, the Nominating and from retaliation, harassment, or victimization. Individuals Corporate Governance Committee, and the Board of may report concerns as to any questionable accounting Directors with annual reports on our efforts, including or auditing matters, violations of REV Group’s Code of any disciplinary and other remedial actions taken in the Conduct, or any other serious concerns that could have an event violations are found. adverse impact on the business or our stakeholders, and all reports will be investigated. All new hires are trained on A Respectful Workplace our Code of Conduct and refresher training is conducted on a routine basis. We strive to be a company where the best people want to work, where people are hired and advanced on their Reports regarding financial statements or other merits, and where opportunities to develop are widely disclosures, accounting irregularities, auditing matters, available. We are fully committed to equal employment violation of the securities laws, or other laws and violations opportunity to ensure we are in compliance with both the of the Code of Conduct are disclosed to, and monitored letter and spirit of fair employment laws relating to but by, the Audit Committee and/or the Nominating and not limited to race, sex, color, religion, national origin, age, Governance Committee of the Board of Directors. disability, protected veteran’s status, pregnancy, genetic information, sexual orientation, gender identity, or any Anti-Corruption and Anti-Bribery other basis prohibited by law.

We are committed to conducting our business free We also undertake affirmative action to assure equal $ from any corruption, bribery, anti-competitive behavior, opportunity for minorities and women, for persons with and improper influencing actions when dealing with disabilities, and for protected veterans. government officials or any other person in a position to

20 SUPPLY CHAIN MANAGEMENT

Supplier Code of Ethics Conflict Minerals We require all our suppliers to adhere to our We are committed to ensuring that our products Supplier Code of Ethics, which covers issues do not incorporate conflict minerals sourced from such as labor, human rights, workplace safety, and entities which directly or indirectly finance conflict environmental compliance. Suppliers must operate in the Democratic Republic of Congo or adjoining in full compliance with all applicable laws, rules, and countries. Our Conflict Minerals Policy requires regulations at all times and conduct business in suppliers perform sufficient due diligence into their an honest and ethical manner. supply chain to determine whether products sold or provided to us contain tin, tantalum, tungsten, or gold, and, if so, whether and to what extent those metals are sourced from conflict-free smelters. Suppliers must report the results of their due diligence to ensure we comply with all our legal obligations and policy goals.

21 ENVIRONMENTAL, HEALTH, AND SAFETY

22 EHS EXCELLENCE ROADMAP

Environmental, Health, and Safety (EHS) Excellence is one of the five • Our business units have the obligation to design our facilities, processes, foundational pillars of REV Group’s new Operational Excellence (OPX) and products to protect our employees and the environment. framework. To better align with this new framework, we have revamped • Employees should report, eliminate, and safeguard against all acts and our existing safety program into the EHS Excellence Roadmap, which conditions detrimental to their health, safety, or the environment. defines the principles, team structures, and tools needed to build a • Protecting our employees and reducing our environmental footprint culture where everyone strives for EHS Excellence. creates a sustainable future for our business.

VISION: EHS Excellence is our relentless Safety Metrics 2018 2019 pursuit to protect our stakeholders and TRIR PERFORMANCE*: the environment. 2018 Industry Average – 5.4 3.2 3.1

The team structure within EHS Excellence is designed to engage each level LOST WORKDAY of the organization in creating the culture, designing the systems, and CASE RATE: 0.6 0.5 driving EHS improvement to support a safe and environmentally responsible workplace for every employee within the REV Group organization. FATALITY RATE: 0 0 The overall EHS strategy is overseen by an Executive EHS Committee that consists of the Chief Operating Officer, Chief Financial Officer, Chief Human Resources Officer, Division Presidents, and Vice President of Enterprise Safety Goals Risk Management. This committee sets the tone for the EHS culture and demonstrates that EHS is valued the same as quality, delivery, and cost. We strive to become an industry leader in safety performance by Through the committee’s leadership behaviors and expectations, it provides providing a safe workplace and culture focused on the protection overall strategic support, resources, and capital to continuously improve and well-being of our employees and others visiting or working in EHS throughout the business. our facilities. As a result, in 2020, we will place more emphasis on leading performance metrics, such as on-time completion of action EHS Philosophy items related to incident investigations and assessments and training, while also setting three-year TRIR improvement goals. • All incidents are preventable, therefore unacceptable. • Every employee is responsible and accountable for EHS performance. * TRIR performance is based on U.S. facilities only. TRIR Calculation = Number of Recordable Injuries per calendar year x200,000 / Total Hours Worked (the 200,000 figure is an OSHA constant that represents the number of hours 100 employees working 40 hours per week, 50 weeks per year would work). The industry average is based on NAICS 33612, Heavy Duty Truck Manufacturing 23 ACCELERATING TOWARD A BRIGHTER FUTURE

24 ENVIRONMENTAL FOOTPRINT

Environmental metrics, including energy and water consumption and air METRIC 2019 DATA1 emissions, are tracked on a monthly basis to understand the organization’s ENERGY2 current environmental footprint. The majority of our carbon emissions are related to heating and ventilating our facilities as our production processes Fuel Consumption (Non-Renewable) 335,861 mmBTU are not energy intensive. Fuel Consumption (Renewable) 54,269 mmBTU Electricity 194,272 mmBTU

Several of our locations have already implemented improvement Total Energy Consumption 584,402 mmBTU projects. For example: Total Energy Consumption, Normalized (per FY19 Sales) 243.5 BTU/USD EMISSIONS3 • Our recreational vehicle manufacturing facility in Decatur, Indiana, Scope 1 Greenhouse Gas (GHG) Emissions 23,415 metric tons CO e received approval to burn clean wood from raw material scrap and 2 Scope 2 GHG Emissions 25,936 metric tons CO e dunnage in an on-site boiler. In 2019, the facility burned over 3,000 2 Total Scope 1 and Scope 2 GHG Emissions 49,351 metric tons CO e tons of wood, which was used to heat the facility in colder months. 2 Total Scope 1 and Scope 2 GHG 20.6 metric tons CO e/Million USD Emissions, Normalized (per FY19 Sales) 2 • Three of our business units, KME in Nesquehoning, Pennsylvania, E-ONE Volatile Organic Compounds (VOCs) 538.5 tons in Ocala, Florida, and Lance Camper in Lancaster, California use solar Nitrogen Oxides (NO ) 30.61 tons power to operate all or portions of their facilities. In fact, Lance Camper x Sulfur Oxides (SO ) 0.79 tons recently moved into a brand new, 66,000 square foot, solar-powered x facility with 30 skylights for natural lighting and automatically adjusting WATER LED light panels to manage energy consumption. Water Consumption 29.7 Million Gallons Water Consumption, Normalized (per FY19 Sales) 12.4 Million Gallons per Billion USD We are continually looking for ways to reduce our environmental footprint. As a result, we have teamed with a strategic energy partner to assist us in identifying new opportunities and initiatives that will help us reduce resource consumption and the overall impact from our operations.

1 2019 Data includes U.S. manufacturing facilities only for Fiscal Year 2019 (November 2018 – October 2019) 2  Scope 1 energy and emissions data does not include mobile sources such as forklifts or emissions from gasoline or diesel products. 3  GHG emissions calculated using emission factors from EPA eGRID2016, February 2018; electricity emission factors based on U.S. Average of Total Output 25 ENVIRONMENTAL FOOTPRINT

Product Highlight Two of REV Group’s business units are the first of their product types to receive the Certified Green rating by TRA Certification. American Emergency Vehicle (AEV) ambulance plant in Jefferson, North Carolina, earned a Gold rating and Lance Camper facility in Lancaster California, is the first truck camper manufacturer to earn certification. Lance travel trailers and truck campers both earned the Emerald rating with optioned solar units receiving Emerald off-grid status. The facilities were evaluated by the following criteria:

RESOURCE EFFICIENCY: The facilities recycle numerous production materials and have processes in place to reduce waste and maximize material usage.

ENERGY EFFICIENCY: Units are well-insulated and are equipped with LED lighting to improve energy efficiency. As an optional feature, AEV ambulances can be ordered with ZeroRPM Idle Mitigation System that can reduce fuel consumption and greenhouse gas emissions and provide savings in vehicle operating costs. Lance products have ENERGY rated roofs and ductless air conditioning. They are also pre-wired for solar panels both on the roof side so owners can park in the shade and move a portable solar panel to a sunlit area.

WATER EFFICIENCY: Lance units are water efficient by containing a low-flow toilet, lavatory faucet, and shower head. They also use either tankless water heaters or an energy efficient combination furnace and water heater.

INDOOR AIR QUALITY: Both AEV and Lance units are designed to include low VOC interior components such as sealants, composite walls, carpet, and hard surfaces/flooring to improve indoor air quality.

We will continue to drive innovation to meet customer demands for safe, reliable, and sustainable products that connect and protect our communities while reducing environmental impacts. 26 DRIVING COMMUNITY ENGAGEMENT

27 COMMUNITY INVOLVEMENT

From coast to coast, we are committed to supporting and improving the communities in which our employees live and work, as well as the cities, towns, and neighborhoods where our vehicles operate.

Our corporate office in Milwaukee, KME, our fire truck facility in Fleetwood RV in Decatur, Indiana, REV Recreation Group in Decatur, Wisconsin, partners with United Way Nesquehoning, Pennsylvania, hosted donated funds to build a sports Indiana, created a custom RV for of Greater Milwaukee & Waukesha the U.S. Marine Corps Reserve Toys complex at Hanna Nuttman Park, the Milwaukee Fire Department, the County each year, and in 2019, for Tots annual drive. All toys donated in which the community gathered first-of-its-kind mobile fire education employees raised over $44,000 were delivered in a holiday-themed to break ground in July 2019. unit. The Milwaukee Fire Department to help make a positive impact fire truck to Salem Bible Fellowship will use the mobile Survive Alive in our hometown. Churchin Lehighton, Pennsylvania. House to engage children through an educational program that will teach young people about the dangers of fire and fire safety. The mobile Survive Alive House will be an integral part of this program and will be taken to schools and appear at various events throughout the Milwaukee area.

28 111 E Kilbourn Ave, Suite 2600 Milwaukee, WI 53202 revgroup.com | 414-290-0190

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