Jbt Marel Corporation · NYSE:JBTM
Jbt Marel — Q1 2025 Earnings Presentation
17 slides from Jbt Marel's earnings presentation, May 5, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings Presentation May 5, 2025
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 Marel
Slide 3: JBT Marel Delivered Strong First Quarter 2025 Results
JBT MAREL DELIVERED STRONG FIRST QUARTER 2025 RESULTS Consolidated Results Key Takeaways Q1 2025 Q1 2024 ▪ Marel was accounted for as an acquisition, and as a result, prior year Results from Continuing Operations only includes JBT legacy results ($ millions except EPS and margin) ▪ Achieved strong Q
Slide 4: Solid Quarterly Orders & Recurring Revenue
SOLID QUARTERLY ORDERS & RECURRING REVENUE JBT Marel Consolidated Orders JBT Marel Consolidated Q1 2025 Revenue Breakdown Recurring Non-Recurring EMEA U.S. & Canada $ millions Q1 2025 Q1 2024 Latin America Asia Pacific 9% Total JBT & Marel Orders $916 $815 10% 41% 47% 53% 40% Key Highlights ▪ Improv
Slide 5: Segment Results & Year-over-Year Comparisons for Combined Company
SEGMENT RESULTS & YEAR-OVER-YEAR COMPARISONS FOR COMBINED COMPANY Q1 2025 Results Prior Year Q1 2024 Prior Results: Year Q1 Segments 2024 Results & Total (2) JBT Marel Consolidated JBT JBT Marel Standalone Combined JBT & In millions except margin JBT Segment Marel Segment In millions except margin M
Slide 6: Capital Structure as of March 31, 2025
JBT MAREL CAPITAL STRUCTURE AS OF MARCH 31, 2025 Key Highlights Total Gross Debt Outstanding & Maturity Schedule ▪ Net debt was ~$1.89B Amount Issued / Effective Rate Maturity Drawn ($ billions) Structure Schedule ▪ Free cash flow of $18M included ~$42M in one-time M&A related cash payments Converti
Slide 7: Implementing Actions to Mitigate Direct Cost Impact from Current Tariffs
IMPLEMENTING ACTIONS TO MITIGATE DIRECT COST IMPACT FROM CURRENT TARIFFS Annualized U.S. COGS Tariff Sensitivity Analysis Tariff Mitigation Actions JBTM U.S. Spend Expected JBTM Impact: Tariff Costs Country / Region ($ millions) Before Mitigation ($ millions) Short-Term Actions European Union (EU) ~
Slide 8: Suspending Full Year 2025 Guidance Given Demand Uncertainty & Providing Q2 2025 Guidance
SUSPENDING FULL YEAR 2025 GUIDANCE GIVEN DEMAND UNCERTAINTY & PROVIDING Q2 2025 GUIDANCE Q2 2025 $ millions except EPS and margin Guidance Revenue $885 – $915 Income from Continuing Operations $10 – $20 Adjusted EBITDA (1) Margin 14.50 – 15.25% GAAP EPS $0.20 – $0.40 Adjusted EPS (1) $1.20 – $1.40 A
Slide 9: Appendix
Appendix -- JBT Maret
Slide 10: 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 11: Reconciliation of Income from Continuing Operations to Adjusted EBITDA
JBT MAREL RECONCILIATION OF INCOME FROM CONTINUING OPERATIONS TO ADJUSTED EBITDA 11
Slide 12: Reconciliation of Diluted EPS to Adjusted Diluted EPS
JBT MAREL RECONCILIATION OF DILUTED EARNINGS PER SHARE (EPS) TO ADJUSTED DILUTED EPS 12
Slide 13: Reconciliation of Cash Provided by Operating Activities to Free Cash Flow
JBT MAREL RECONCILIATION OF CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW 13
Slide 14: Leverage Ratio Calculations
JBT MAREL LEVERAGE RATIO CALCULATIONS 14
Slide 15: Recurring vs. Non-Recurring Revenue
JBT MAREL RECURRING VS. NON-RECURRING REVENUE 15
Slide 16: Reconciliation of Diluted EPS from Continuing Operations to Adjusted Diluted EPS Guidance
JBT MAREL RECONCILIATION OF DILUTED EPS FROM CONTINUING OPERATIONS TO ADJUSTED DILUTED EPS GUIDANCE 16
Slide 17: Reconciliation of Income from Continuing Operations to Adjusted EBITDA Guidance
JBT MAREL RECONCILIATION OF INCOME FROM CONTINUING OPERATIONS TO ADJUSTED EBITDA GUIDANCE 17