Marel Growth Strategy and Wenger Acquisition

marel Strong strategic rationale Marel and Wenger have a highly complementary offering and can offer transformative solutions to the pet food, plant-based proteins, and aqua feed markets I I I I W WENGER® Great company with favorable outlook. Strategy and culture similar to Marel ✓ Strong end markets with healthy growth rates and favorable outlook Extensive product offering in extrusion, dryers, and power heaters for pet food, plant-based proteins, and aqua feed ✓ Strong market position & excellent technology with good brand & reputation Aftermarket above 40% of revenue, good profitability margins and high return on invested capital ✓ marel WW + WENGERⓇ Great platform to enter adjacent markets where the portfolio and customer base are complementary ✓ Platform into new attractive end markets Complementary product offering in pet food and plant-based proteins Utilize customer relationships to cross sell portfolio Accelerate global reach and digital capabilities 10

View entire presentation