John Bean Technologies Investor Presentation — May 2024

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2 1Q1 2024 Earnings Presentation

2 2Forward -Looking and Non -GAAP Statements

This presentation contains forward -looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forwar d-looking statements are information of a non -historical

nature and are subject to risks and uncertainties that are beyond JBT’s ability to control. These forward -looking statements inc lude, among others, statements relating to our business and

our results of operations, a potential transaction with Marel hf. (“Marel ”), our strategic plans, our restructuring plans and expected cost savings from those plans, and our liquidity. The factors

that could cause our actual results to differ materially from expectations include, but are not limited to, the following fac tors: the occurrence of any event, change or other circumstances that

could give rise to the termination or abandonment of the offer; the expected timing and likelihood of completion of the propo sed transaction with Marel , including the timing, receipt and terms

and conditions of any required governmental and regulatory approvals of the offer that could reduce anticipated benefits or c ause the parties to abandon the transaction; the possibility that

our stockholders may not approve the issuance of new shares of common stock in the offer; the risk that Marel and/or JBT may not be able to satisfy the conditions to the proposed offer in a

timely manner or at all; the risk that the proposed offer and its announcement could have an adverse effect on the ability of JBT and Marel to retain customers and retain and hire key

personnel and maintain relationships with their suppliers and customers and on their operating results and businesses general ly; the risk that problems may arise in successfully integrating

the businesses of Marel and JBT, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to

achieve cost -cutting synergies or that it may take longer than expected to achieve those synergies; fluctuations in our financia l results; unanticipated delays or acceleration in our sales

cycles; deterioration of economic conditions; including impacts from supply chain delays and reduced material or component av ailability; inflationary pressures, including increases in energy,

raw material, freight, and labor costs; disruptions in the political, regulatory, economic and social conditions of the count ries in which we conduct business; changes to trade regulation,

quotas, duties or tariffs; fluctuations in currency exchange rates; changes in food consumption patterns; impacts of pandemic illnesses, food borne illnesses and diseases to various