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JBT Fourth Quarter and Full Year 2021 Earnings Call February 2022
JBT Fourth Quarter and Full Year
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
Consolidated JBT Fourth Quarter & FY 2021 Results
Note: Figures may have immaterial differences due to rounding.
(1) Non-GAAP figure. Please see appendix for reconciliation.
(2) Represents year to date free cash flow for the twelve months ended December 31, 2021. •Robust commercial environment as
evidenced by record year -end backlog
•Revenue growth driven by FoodTech,
highlighting critical need for JBT solutions
to increase customers’ throughput and
yield and automate food production
•Successfully closed three FoodTech
acquisitions in 2021, which enhanced
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