Jbt Marel Corporation · NYSE:JBTM
Jbt Marel — Merger or Acquisition (December 2024)
16 slides from Jbt Marel's merger presentation, Dec 11, 2024
Slide 1: JBT & Marel Fireside Discussion
JBT & MAREL FIRESIDE DISCUSSION December 11, 2024
Slide 2: Forward-Looking and Non-GAAP Statements
Forward-Looking and Non-GAAP Statements This presentation contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and are subject to risks and uncertainties that are beyond JBT’s abi
Slide 3: Important Additional Information
Important Additional Information Important Notices This presentation is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unl
Slide 4: Presenters
Presenters Brian Deck Arni Sigurdsson Matt Meister President and Chief Executive Officer, Chief Executive Officer, EVP and Chief Financial Officer, JBT Marel JBT 4
Slide 5: Strategic Rationale for Combination of JBT and Marel
Strategic Rationale for Combination of JBT and Marel 1 Markets: Greater end market participation in resilient and growing food & beverage markets Solutions: Compelling platform to accelerate growth by offering broader solutions, utilizing 2 holistic application knowledge, and leveraging R&D capabili
Slide 6: Regulatory Clearances Now Complete; Closing Requires At Least 90% of Marel Shareholders Tendering
Regulatory Clearances Now Complete; Closing Requires At Least 90% of Marel Shareholders Tendering 2024 2025 May June July August September October November December January November 26: Completed: Received all Regulatory Preparation and submission Regulatory review outstanding of required filings cl
Slide 7: Secured Deal-Contingent Financing Commitments, Providing Ample Liquidity for Combined Company
Secured Deal-Contingent Financing Commitments, Providing Ample Liquidity for Combined Company Amount Maturity Deal-Contingent Financing Commitments ($B) Schedule Interest Rate Swaps $0.2 May 2025 ▪ Structured long-term financing to provide flexibility and ample liquidity for the combined company Con
Slide 8: Central Focus on Serving Customer Needs
Designing Best-In-Class Organizational Structure Focused On Delivering Customer Value & Synergy Execution Central Focus on Serving Customer Needs Purpose-Built Talent Aligned Go-To- Dedicated Organization Market Strategy Integration Leaders Enhanced scale with deep Will support integrated Spearheadi
Slide 9: Cultural Alignment Enables Purpose-Driven Talent Organization
Cultural Alignment Enables Purpose-Driven Talent Organization Transforming Aligned Purpose Food Processing We will be the global leader in food In partnership with our customers, we and beverage technology by are transforming the way food is harnessing the full power of JBT to partner with our cus
Slide 10: Combined Company Will Have Broad Exposure To Diverse End Markets & Improved Capabilities
Combined Company Will Have Broad Exposure To Diverse End Markets & Improved Capabilities to Better Support Customers Pro Forma Diverse End Markets (1) Improved Customer Value Proposition Poultry 37% Meat Deep application knowledge and holistic solutions 16% capabilities to support customers’ needs,
Slide 11: Complementary Core Technologies in Protein and Pet Food Processing
Complementary Core Technologies in Protein and Pet Food Processing Support Broader Portfolio Offering for Customers Primary processing Secondary Further End of line Benefits of Fuller Solutions Killing, stunning, eviscerating, Cut-up, de-boning, Forming, coating, Handling, chilling, etc. skinning, p
Slide 12: End Market Update: As of Q3 2024 Earnings, Respectively
End Market Update: As of Q3 2024 Earnings, Respectively “We feel good about what the order strength means “We encouragingly delivered a strong improvement for the current state of our business, and it in poultry orders, and while other parts of our positions JBT well as we plan for 2025. We enjoyed
Slide 13: Integration Planning Supports Cost Synergy Targets
Integration Planning Supports Cost Synergy Targets Direct Materials: ~$25 - $35M ▪ Supplier consolidation Anticipated Cost Synergies ▪ Best cost country sourcing ▪ Value add / value engineering >$125M Indirect: ~$15 - $25M Cost of Goods Sold: ▪ Logistics efficiencies >$55M (1) ▪ Spend reduction ▪ Su
Slide 14: Opportunity to Generate Meaningful Revenue Synergies >$75M
Opportunity to Generate Meaningful Revenue Synergies Potential Revenue Uplift Serve as better partner for protein customers, offering integrated solutions and enhanced line coverage to drive our customer overall equipment effectiveness >$75M Leverage customer base with improved cross-selling through
Slide 15: Creating a Leading Food and Beverage Technology Company with a Platform for Enhanced Value Creation
Creating a Leading Food and Beverage Technology Company with a Platform for Enhanced Value Creation Greater exposure to Deep customer Enhanced scale and Operationally focused Expecting to deliver resilient and growing relationships, greater complementary core organization with attractive returns for
Slide 16: Q&A
Q&A 16