Marel Growth Strategy and Wenger Acquisition

From startup to global leader Marel had 7,000+ employees and EUR 1.4 billion in revenues in 2021, a stark increase from its 45 employees and revenues of EUR 6m at the time of listing on Nasdaq Iceland in 1992. Strong revenue growth since 1992 (EUR m) 1,600 1,400 1,200 1,000 800 10 year revenue profile from a customer 600 Service and 400 spare parts Initial investment 200 0 Additional investments 1992 1993 1994 1995 1996 1997 1998 1999 20% CAGR 1992-2021 MAJA sulmaq marel Cedar Creek COMPANY CURIO TREIF Valka Ww WENGER® 2000 2001 2002 2003 2004 2005 SCANVAEGT 2006 2007 2008 STORK 2009 2010 2011 2012 2013 2014 2015 MPS 2016 2017 2018 2019 2020 2021 PF-2021 Pro-forma 2021 Aftersales as % of revenue 10% 40%

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