Q3 2023 Earnings Report for Poultry Segment

marel Appendix: Financing Extension to EUR 700 million financing secured and new EUR 150 million term loan signed on 17 July 2023 • • • The new term loan of EUR 150m, together with the longer maturity profile of the revolving facility, creates headroom for Marel to repay upcoming maturities, e.g. the Schuldschein notes, and provides increased operational and strategic flexibility in the current financial environment The two-year extension to the EUR 700m sustainability-linked revolving credit facility was signed in July The term for the credit facility was for five years maturing in 2025, with two one-year extension options. These options have now been utilized, extending the credit facility by two years with final maturity in February 2027 The new EUR 150m term loan was signed with Marel's long standing banking partners, i.e. ABN AMRO, BNP Paribas, Danske Bank, HSBC, ING, and Rabobank, and with same margins and maturity as the USD 300m term loan previously announced in November 2022 The maturity of the new term loan is November 2025, with two one-year extension options, subject to lenders approval Maturity profile end of 30 June 20231 EUR m 123.0 462.0 295.3 Maturity profile end of 30 September 20231 EUR m 451.9 434.7 4.0 1.6 3.2 1.3 4.0 <1 year 1-2 years 2-3 years 3-4 years >4 years <1 year 1-2 years 2-3 years 3-4 years >4 years Currency split end of 30 September 2023 • Currency split in borrowings closely matches Marel's revenue profile 38% USD Based on debt profile 30 Sept 2023 Fixed-floating profile (excluding leases) 62% EUR • Aim to have 50-70% of core debt fixed for 3-5 years Currently 55% of core debt is fixed, where core debt is comprised of: USD term loan, Schuldschein and EUR 200m of revolver Based on debt profile 30 Sept 2023 61% at variable rate • The new term loan is not expected to impact leverage ratio or net debt 0% Other Notes: Excluding capitalized finance charges and lease liabilities. Indicative new maturity profile assumes new loan is drawn for repayment of upcoming maturities in December, e.g. Schuldschein. 39% at fixed rate 33

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