Jbt Marel Corporation · NYSE:JBTM
Jbt Marel — Investor Presentation (September 2026)
21 slides from Jbt Marel's investor presentation, Sep 23, 2026
Slide 1: Investor Presentation & Poultry Market Deep Dive
Investor Presentation & Poultry Market Deep Dive September 23, 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 mea
Slide 3: Why Invest in JBT Marel: JBT Marel at a Glance
Why JBT Invest Marel at ainGlance JBT Marel Full Year 2025 Revenue Breakdown NYSE and Nasdaq Iceland: 50% JBTM Diversified End Markets Recurring Revenue FY 2025 and YTD 2026 Equipment Orders as of 6/30/26 Countries with Installed Base: 100+ Poultry 45% Meat 16% 50% Seafood 7% Non-recurring … Revenue
Slide 4: Our Strategic Pillars Enable Further Value Creation
Our Strategic Pillars Enable Further Value Creation Executing NextGen Strategy… …to Achieve 2028 Financial Targets Customer First Service Organization Organic Revenue CAGR (2025A – 2028E) 5 – 7% Integrated Value Proposition Adjusted EBITDA Margin(1) (2028E) 20% Capture Full Market Potential Free Cas
Slide 5: Poultry Market Deep Dive
Poultry Market Deep Dive September 23, 2026
Slide 6: Key Messages | Poultry End Market
Key Messages | Poultry End Market 1 Global poultry demand remains structurally attractive as consumers demand more protein-based diets and ready-to-eat products 2 Poultry equipment investment extends beyond consumption trends as operational efficiency, automation of scarce labor, and product convers
Slide 7: Market Consumption Trends for Poultry Provide Secular Tailwinds
Market Consumption Trends for Poultry Provide Secular Tailwinds ▪ Consumption driven by health benefits, Global Protein Production by Species (Indexed as of 2010)(1) flavor adaptability, low cost, and cultural/ Why Poultry is religious acceptance Beef Pork Poultry Seafood a Winning ▪ As incomes rise
Slide 8: Consumers Desire More Ready-To-Eat Products, Creating Demand for Poultry Prepared Foods Products
Consumers Desire More Ready-To-Eat Products, Creating Demand for Poultry Prepared Foods Products U.S. Marketing of Chicken by Category from 1962 – 2024(1) Whole Cut-up/Parts Prepared Foods 100% Prepared Foods Trends in Poultry 90% ▪ Consumers’ busy lifestyles / desire for time- 80% saving food solut
Slide 9: Poultry Equipment Investment Opportunities Vary Across the Value Chain
Poultry Equipment Investment Opportunities Vary Across the Value Chain Primary Processing Secondary Processing Further / End-of-Line (EOL) Processing JBT Marel Segment: Protein Solutions JBT Marel Segment: Protein Solutions JBT Marel Segment: Prepared Food & Beverage Solutions Processing stages Proc
Slide 10: Distinct Overlapping Poultry Investment Cycles
Distinct Overlapping Poultry Investment Cycles The global poultry-processing outlook is best understood as several overlapping cycles rather than one capex cycle. Primary Investment Secondary Investment Prepared Foods Investment Depends on regional supply- Depends more heavily on Depends on convenie
Slide 11: Equipment Investment Differs by Region Given Varied Maturity in the Processing Journey & Trade Flows
Equipment Investment Differs by Region Given Varied Maturity in the Processing Journey & Trade Flows U.S. & Canada EMEA ▪ Moderate primary capacity ▪ Capacity expansion different in expansion Western Europe vs. Eastern Europe; ▪ Investing for operational efficiency, focus on efficiency and automatio
Slide 12: Potential Line Speed Regulation Change in the U.S. Could Provide Multi-Year Investment Opportunity
Potential Line Speed Regulation Change in the U.S. Could Provide Multi-Year Investment Opportunity Proposed Line Speed Regulation Potential Tailwinds for Investment ▪ U.S. Department of Agriculture / Food Safety and Inspection ▪ To run at 175 BPM, processors need to retool Service (FSIS) propose ame
Slide 13: JBT Marel is Uniquely Positioned Given Full Poultry Value Chain Capabilities & Geographic Exposure
JBT Marel is Uniquely Positioned Given Full Poultry Value Chain Capabilities & Geographic Exposure Our Diversified Poultry Market Exposure Poultry Equipment Orders(1) by Processing Stage / Region Primary Secondary Further / End of Line ▪ Over last 18 months(1), poultry has accounted for 45% of total
Slide 14: Poultry Remains a Favorable Environment for OEM Suppliers Even as Capacity Growth Moderates
Poultry Remains a Favorable Environment for OEM Suppliers Even as Capacity Growth Moderates Key Considerations for Poultry CAPEX Normalized Price Trends (Average 2022 = 100) ▪ During the early upcycle, producers invest in capacity 140 Corn Soybeans U.S. chicken EU broiler 120 ▪ Once adequate supply
Slide 15: Uptime is Critical for the Industry, Creating Resiliency in JBT Marel's Recurring Revenue Model
Uptime is Critical for the Industry, Creating Resiliency in JBT Marel’s Recurring Revenue Model Customer Need ▪ Uptime and Responsiveness High volume processes run 16-18 hrs per day, 6-7 days per week, creating essential need for timely service ▪ Need for Field Service Engineers Customers relying mo
Slide 16: JBT Marel's Secondary Processing Automation Technology is Improving Customer Outcomes
JBT Marel’s Secondary Processing Automation Technology is Improving Customer Outcomes Outcomes Customer Challenge ▪ Improved customer value proposition with highest de-boning yield and top-quality end- Global poultry customer operating Needed to achieve fully automated, product secondary poultry pro
Slide 17: JBT Marel's Further Processing Technology is Improving Product Quality and Line Efficiency
JBT Marel’s Further Processing Technology is Improving Product Quality and Line Efficiency Customer Challenge Outcomes Global processing customers creating Need to create highest quality downstream ▪ Improved line efficiency from formed products for downstream QSR products with higher line efficienc
Slide 18: Appendix
Appendix -- JBT Maret
Slide 19: 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 20: JBT Marel Reconciliation of Net Income to Adjusted EBITDA
JBT Marel Reconciliation of Net Income to Adjusted EBITDA 20
Slide 21: JBT Marel Reconciliation of Cash Provided by Operating Activities to Free Cash Flow (FCF)
JBT Marel Reconciliation of Cash Provided by Operating Activities to Free Cash Flow (FCF) 21