JBT Marel (JBT) Earnings Call Presentation

Company Overview - JBT Marel has a market capitalization of approximately $6.2 billion as of May 16, 2025 [7] - The combined 2024 revenue for JBT and Marel is approximately $3.5 billion [7] - Approximately 50% of the company's revenue is recurring, and 50% is non-recurring [8] Strategic Rationale & Synergies - The company anticipates achieving $150 million in cost synergies by the end of year 3 post-transaction close [34] - The company expects to generate revenue synergies exceeding $75 million by the end of the third year post-close [30] Market Trends & Growth - The global protein consumption is expected to grow at a low-to-mid-single-digit CAGR from 2023 to 2027 [20] - The global convenience food market is forecasted to grow at a mid-single-digit+ CAGR from 2022 to 2027 [20] - The global ready-to-drink beverage market is estimated to grow at a mid-single-digit CAGR from 2024 to 2029 [20] - The global pet food market is expected to grow at a mid-single-digit CAGR from 2023 to 2027 [21] Cost Synergies Breakdown - Approximately $80 million in cost of goods sold synergies are anticipated through supplier consolidation, best cost country sourcing, and logistics efficiencies [35] - Approximately $70 million in operating expense synergies are expected through streamlining organizational structure and optimizing consolidated spend [35]