Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation August 3, 2026
Slide 2: Non-GAAP and Forward-Looking Statements
NON-GAAP AND FORWARD-LOOKING STATEMENTS Non-GAAP Measures and Reconciliations to GAAP Measures Adjusted EBITDA, Adjusted EBITDA margin, Adjusted income, Adjusted diluted earnings per share (“Adjusted EPS”), and Free cash flow are non-GAAP financial measures. JBT Marel provides non- GAAP financial me
Slide 3: JBT Marel Consolidated Results Summary
JBT Marel Consolidated Results Summary Q2 2026 Consolidated Results Key Takeaways Q2 2026 Q2 2025 ▪ Orders and backlog both increased 10% year over year; book-to-bill In millions except EPS and margin ratio was 1.05x Orders $1,030 $938 ▪ Revenue and adjusted EBITDA margin were near the low end of Ba
Slide 4: JBT Marel Segment Results Summary
JBT Marel Segment Results Summary Protein Solutions Segment Prepared Food and Beverage Solutions Segment Segment Revenue Segment Adj. EBITDA Margin Segment Revenue Segment Adj. EBITDA Margin 24.0% $467 $514 $514 18.2% 17.5% $421 20.5% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q
Slide 5: Solid Q2 2026 Orders and Backlog
Solid Q2 2026 Orders and Backlog Orders and Backlog Trend ($B) Q2 2026 Consolidated Revenue Breakdown Orders Backlog Recurring Non-Recurring EMEA U.S. & Canada $1.49 $1.54 Latin America Asia Pacific $1.39 $1.34 $1.37 8% 10% $1.04 $1.07 $1.03 $0.94 $0.95 43% 49% 51% 39% Q2 Q3 Q4 Q1 Q2 2025 2025 2025
Slide 6: Strong Cash Generation and Balance Sheet Position
Strong Cash Generation and Balance Sheet Position Free Cash Flow(1) Profile ($M) Leverage Ratio $323 ~4.0x 2.9x $88 Just below 2.5x $79 Q2 2025 Q2 2026 Trailing 4 Quarters Transaction 12/31/25 6/30/2026 as of 6/30/26 Close FCF Conversion as 56% 47% 50% % of Adj. EBITDA(1) Key Highlights Key Highligh
Slide 7: Reiterating FY 2026 Guidance for Revenue and Adj. EBITDA Margin
Reiterating FY 2026 Guidance for Revenue and Adj. EBITDA Margin FY 2026 Consolidated In millions except EPS and margin Guidance Revenue $3,990 – $4,065 Income from Continuing Operations Margin 5.5% – 6.0% Adjusted EBITDA Margin(1) 17.0% – 17.5% GAAP diluted EPS $4.20 – $4.70 Adjusted EPS(1) $7.85 –
Slide 8: Appendix
Appendix -- JBT Maret
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures The non-GAAP financial measures presented in this report may differ from similarly-titled measures used by other companies. The non-GAAP financial measures are not intended to be used as a substitute for, nor should they be considered in isolation of, financial measures p
Slide 10: Reconciliation of Net Income to Adjusted EBITDA
JBT Marel Reconciliation of Net Income to Adjusted EBITDA 10
Slide 11: Reconciliation of Diluted EPS to Adjusted Diluted EPS
JBT Marel Reconciliation of Diluted Earnings Per Share (EPS) to Adjusted Diluted EPS 11
Slide 12: Reconciliation of Cash Provided by Operating Activities to Free Cash Flow
JBT Marel Reconciliation of Cash Provided by Operating Activities to Free Cash Flow (FCF) 12
Slide 13: Leverage Ratio Calculations
JBT Marel Leverage Ratio Calculations 13
Slide 14: Recurring vs. Non-Recurring Revenue
JBT Marel Recurring vs. Non-Recurring Revenue 14
Slide 15: Reconciliation of Diluted EPS to Adjusted Diluted EPS Guidance
JBT Marel Reconciliation of Diluted EPS to Adjusted Diluted EPS Guidance 15
Slide 16: Reconciliation of Net Income to Adjusted EBITDA Guidance
JBT Marel Reconciliation of Net Income to Adjusted EBITDA Guidance 16