Marel Growth Strategy and Wenger Acquisition

Material pro-forma impact on revenue and EBITDA More balanced business model going forward Pro-forma revenue 2021 EURM +11.4% Pro-forma EBITDA 2021 EURM +13.6% marel 1,516 1,361 155 Marel Wenger Revenue split 2021 Other Fish 4% 12% Poultry 47% 38% Meat Pro-forma Wenger Other 10% 3% Fish Poultry 42% 11% 226 199 27 EBITDA margin 14.6% 17.5% 14.9% Marel EBIT margin 11.3% Wenger 14.8% Pro-forma 11.6% Net leverage assuming all cash transaction 1.2x XEBITDA ~3x 34% Pre acquisition Post acquisition Meat 17

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