JBT Marel (JBTM) Investor presentation summary

Business overview and market positioning

• Operates in over 30 countries with more than 50 manufacturing and distribution locations, serving diversified end markets including poultry, meat, beverages, seafood, ready meals, fruit & veg, pet food, and pharma & nutraceuticals.

• Trailing twelve months (TTM) revenue as of March 31, 2026, was approximately $3.9 billion, with a 16.2% adjusted EBITDA margin.

• Revenue split is 55% prepared food and beverage solutions and 45% protein solutions, with 50% recurring and 50% non-recurring revenue.

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

Industry resilience and growth drivers

• Food and beverage capital expenditures (CAPEX) are about twice less volatile than industrial manufacturing, supporting more predictable revenue and margin profiles.

• Global food and beverage CAPEX CAGR is ~3% from 2007–2025, outpacing industrial sector growth.

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

• Integrated equipment, software, and aftermarket support enhance ability to deliver above-market growth.

Strategic pillars and financial targets

• Strategic focus on customer-first service, integrated value proposition, operational distinctiveness, 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%.

• Service and aftermarket initiatives aim to grow recurring revenue share from ~40% to over 50%.