Marel Growth Strategy and Wenger Acquisition

Agreement to acquire Wenger, a strategic platform investment into new and attractive growth markets INNOVA Food Processing Software . • . A platform investment into new, complementary and attractive growth markets for Marel and will form the fourth business segment alongside poultry, meat and fish Throughout the years, Marel has gradually expanded its playing field and is now the only pure- play provider of full-line solutions, software, and services to the poultry, meat, and fish industries Objective to become full-line provider in all four segments, gradually adding complimentary product offering in primary and further processing to new acquired platform G (DD Primary Processing Secondary Processing Further Processing Primary Processing Secondary Processing Further Processing Primary Processing Secondary Processing Further Processing Primary Processing Secondary Processing 6% innovation promise Marel's current presence New Wenger platform Further Processing Line solutions provider... • • One-stop shop for the customer Seamless integration & more efficiency Strong competitive advantage ...gradually expanding business model into adjacent industries ... • More resilient business model Technology transfer across industries Better utilization of resources ...with standard and modular offering... • • Scalable: Less engineering and easier to manufacture Improved service Better customer experience ...and market leading software • • Traceability and sustainability Linking equipment to function as single entity Real-time actionable insights to improve operations LO 5

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