John Bean Technologies Investor Presentation — April 2021

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JBT Q1 2021 Earnings Call

Forward- Looking and Non- GAAP Statements

These slides and the accompanying presentation contain “forward- looking” statements,

including statements about management’s expectations regarding trends in the food and air

transportation markets, strategic initiatives, acquisition strategies and long- term goals, which

represent management’s best judgment as of the date hereof, based on currently available

information. Actual results may differ materially from those contained in such forward- looking

JBT Corporation’s (the “Company”) most recent Annual Report on Form 10- K and subsequent

Quarterly Reports on Form 10- Q, filed with the Securities and Exchange Commission, include

information concerning risks and uncertainties, including the factors set forth under “Item 1A.

Risk Factors”, that may cause actual results to differ from those anticipated by these forward-

looking statements. The Company undertakes no obligation to update or revise these forward-

looking statements to reflect new events or uncertainties.

Non-GAAP financial measures are provided to enhance investors’ overall understanding of

JBT’s financial performance by eliminating effects of certain items that are not comparable

from one period to the next. In addition, this information is used by management as a basis for

evaluating performance and for the planning and forecasting of future periods. This

information is not intended to be a substitute for, nor should it be considered in isolation of,

financial measures prepared in accordance with U.S. GAAP.3

CEO Messages from the First Quarter 2021

•Optimistic about demand environment. Robust FoodTech commercial activity.

Indications that AeroTech demand is on the upswing, with recovery likely to

happen gradually over the next 2 years.

•Regionally, most markets are showing some steady recovery, while Europe

demand lags as the region works through pandemic challenges.

•Continued solid cash flow management.

•Tough operational environment; expect challenges with supply –demand

imbalances to continue throughout 2021

Highly diversified customer base and food application opportunities…

…and a high percentage of recurring revenue provide stabilityWhile poultry is still the only category >10% of orders, we have seen sustained growth

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