JBT Marel (JBTM) investor relations material

Company overview and market position

• Operates in over 30 countries with a diversified end-market presence, including poultry, beverages, seafood, ready meals, fruit & veg, pet food, pharma, and warehouse automation.

• Trailing twelve months (TTM) revenue as of June 30, 2026, was approximately $3.9 billion, with a 16.4% adjusted EBITDA margin.

• Revenue is split evenly between recurring and non-recurring streams, with 55% from prepared food and beverage solutions and 45% from protein solutions.

• Positioned as a leading global food technology provider focused on transforming the future of food.

Industry dynamics and growth drivers

• Food and beverage capital expenditures (CAPEX) are less cyclical and about twice as stable as industrial manufacturing, supporting predictable revenue and margin profiles.

• Growth is driven by rising incomes, population growth, evolving consumer preferences, and increased automation due to labor scarcity.

• Market-leading capabilities in both protein and prepared food/beverage solutions, with a focus on integrated equipment and digital tools.

Strategic pillars and financial targets

• Strategic focus areas include customer-first service, integrated value proposition, capturing full market potential, operational excellence, and disciplined M&A.

• Targets for 2028 include organic revenue CAGR of 5-7%, adjusted EBITDA margin of 20%, free cash flow conversion of 55-60%, and ROIC above 10%.