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Disclaimer

The purpose of this presentation (the "Presentation") is to provide an overview of Marel hf. (the "Company"). This Presentation has been prepared and issued by and is the sole responsibility of the Company and is being furnished to each recipient solely for its own information. For the purposes of this notice, "Presentation" means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material discussed or distributed during the Presentation meeting.
No representation or warranty, express or implied, is given by or on behalf of the Company or its directors, officers, employees, agents, affiliates as to, and no reliance should be placed on, the fairness, accuracy, reasonableness or completeness of the information or opinions contained in this Presentation or otherwise made available and no responsibility or liability (including in respect of direct, indirect or consequential loss or damage) is assumed by any such persons for such information or opinions or for any errors or omissions.
Except where otherwise indicated in the Presentation, the information provided therein is based on matters as they exist at the date of preparation of the Presentation and not as of any future date and will be subject to updating, revision, verification and amendment without notice and such information may change materially. The Company is under no obligation to update or keep current the information contained in this Presentation to which it relates or to provide the recipient of with access to any additional information that may arise in connection with it and any opinions expressed in this Presentation are subject to change without notice. Nothing contained in this Presentation is or should be relied on as a promise or representation as to the future. This document has not been approved by any regulatory or supervisory authority.
This Presentation includes market share and industry data obtained by the Company from industry publications and surveys and internal surveys. The Company may not have access to the facts and assumptions underlying the numerical data, market data and other information extracted from these sources. As a result, the Company is not able to verify such numerical data, market data and such other information, and assumes no responsibility for the correctness of any market share or industry data or such other information included in this Presentation or provided at the Presentation. Certain of the market, economic and industry data contained in this presentation comes from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the markets in which the Company operates. While the Company reasonably believes that such information is reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change. Accordingly, undue reliance should not be placed on the market, economic and industry data contained in this Presentation.
Certain statements, beliefs and opinions in this Presentation are, or may be deemed to be, "forward looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "plans", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology or by their context. These forward-looking statements include all matters that are not historical facts. They appear in a number of places and include, but are not limited to, statements regarding the Company's intentions, beliefs or current expectations concerning, amongst other things, results of operations, financial condition, liquidity, prospects, growth and strategies. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. A multitude of factors including, but not limited to, changes in demand, competition and technology or the regulatory environment, can cause actual events, performance or results to differ significantly from any anticipated development. Forward-looking statements are not guarantees of future performance and the actual results of operations, financial condition and liquidity, and the development of the industry in which the Company operates, may differ materially from those made in or suggested by the forward-looking statements set out in this Presentation. Past performance of the Company cannot be relied on as a guide to future performance. Forward-looking statements speak only as at the date of this Presentation and the Company expressly disclaims any obligations or undertaking to release any update of, or revisions to, any forward-looking statements in this Presentation. As a result, you are cautioned not to place any undue reliance on such forward-looking statements. In addition, even if the results of operations, financial condition and liquidity of the Company, and the development of the industry in which the Company operates, are consistent with the forward-looking statements set out in this Presentation, those results or developments may not be indicative of results or developments in subsequent periods.
This Presentation does not constitute, and should not be construed as, part of any offer or invitation for the sale or purchase of securities and it is not intended to provide the basis of any investment decision in any jurisdiction, nor does it purport to give legal, tax or financial advice. Nothing herein shall be taken as constituting the giving of investment advice and this Presentation is not intended to provide, and must not be taken as, the basis of any decision and should not be considered as a recommendation to acquire any securities of the Company. The recipient must make its own independent assessment and such investigations as it deems necessary.
Any sale of the Company's ordinary shares has not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and will not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the ordinary shares in the United States (for these purposes, the "United States" means the United States of America, its territories and possessions, any State of the United States, and the District of Columbia).

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Sustainability

Agenda

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Welcome and introduction
Tinna Molphy, - Director IR
Transforming the food value chain, sustainably
Arni Oddur Thordarson, - Chief Executive Officer
Creating value through responsible fishing and processing
Guest speaker: Greta Maria Gretarsdottir, - Managing Director of Innovation, CSR and IR at Brim
Impact through innovation
Thorsteinn Kari Jonsson, - Director Sustainability and Community Engagement
Q&A panel discussion

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Sustainability

TRANSFORMING FOOD PROCESSING
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Arni Oddur Thordarson

Transforming the food value chain, sustainably

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Arni Oddur

Thordarson

Chief Executive Officer

Arni Oddur Thordarson became Marel's CEO in November 2013, having served as Chairman of Marel's Board of Directors from 2005. Thordarson co-founded Eyrir Invest in 2000 and was the company's CEO until 2013. He has extensive international global business experience and has served as non-executive director of various companies including Fokker Technologies and Stork Technical Services.

Education

MBA, IMD, Switzerland

Cand. Oecon., Business Administration, University of Iceland

17 years with Marel / 17 years in Industry

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Our vision is of a world
where quality food is sustainable and affordable

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Sustainability at the heart of everything we do

From incorporation, Marel has been fully committed to protecting our planet and preserving its resources.

We embrace our role as a critical infrastructure company in the global food industry, sustaining one of the most important value chains.

We support social development and ensure food safety, security and sustainability, thereby creating value and promoting economic growth.

To us, that is the true meaning of success.

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Global mega-trends drive growth as well as sustainability challenges and opportunities

Global mega-trends driving growth-driven demand...

Growing population

by 2050, estimated global population of ~10bn
More demand for food, especially from Asia and Africa

Rising middle class

by 2030, estimated up to ~2.0bn additional people will be part of the middle class
Increased protein consumption typically correlates to higher income

Changing consumer preferences

by 2025, estimated online groceries will account for 21.5% of total grocery sales, which is more than 60% increase
Increased demand for convenient and processed food that can be purchased online

Population growth by region¹

Global middle class population²

North America
Europe
Central and South America
Asia Pacific
Sub-Saharan Africa
Middle East and North Africa

Grocery e-commerce sales in the US³

...and supply challenges

Sustainability & animal wellbeing

Reduce waste

Product quality

Food safety and traceability

Scarcity of skilled labor

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Notes: ¹ Food and Agriculture Organization of the United Nations (FAO), The Future of Food and Agriculture 2017. ² Brookings, The Unprecedented Expansion of the Global Middle Class 2017; Middle class defined as households with per capita incomes between $11 and $110 per person per day in 2011 purchasing power parity terms. ³ Mercatus, eGrocery's New Reality: The Pandemic's Lasting Impact on U.S. Grocery Shopping Behavior, 2020.

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Key growth drivers

Driving transformative change in the food industry

Labor scarcity

Need for greater automation and digitalization in food processing is accelerating
Automation is a key factor to address the great resignation
Marel has an automated replacement for nearly every manual operation in a processing plant, leading to improved return on investment, as well as improved consistency, yield and employee safety

Channel flexibility

Food processors with the flexibility to pursue different consumer products operate more effectively in a dynamic consumer environment
Marel's building blocks and advanced production technologies enable modular modifications and optimization of the production process
With Marel's digital solutions on top, customers enjoy automated processes and actionable insights enabling them to shift from supply-driven to demand-driven production, with the inherent positive impact on sustainability

Sustainability

By continuously focusing on creating new methods to improve yields and minimize waste, Marel is reducing the use of scarce resources such as energy and water while promoting food quality and safety, traceability and animal wellbeing
Collecting and electing data through multiple channels to drive ESG transparency and traceability
Every new product developed has been measured on a sustainability scorecard since 2017
New technologies such as VR/XR to design, test and adjust innovations sustainably, saving time, costs and use of raw materials

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Marel has committed to become net zero by 2040

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Marel is a founding member of the Nordic CEOs for a sustainable future coalition in 2018

"Our vision is of a world where quality food is produced sustainably and affordably. As part of our sustainability journey, we are implementing TCFD recommendations into Marel's risk management process. This will ensure the transparency of Marel's climate-related financial information and support how we incorporate climate-related risks and opportunities into our strategic planning."

Arni Oddur Thordarsson
Chief Executive Officer, Marel

Co-lead for climate working group in the Nordic CEOs for a Sustainable Future

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Marel's operating model is designed to drive growth and value creation in a sustainable way

Global reach with local teams has been a key differentiator
It has proved to be highly resilient and instrumental to our ability to engage with, service and support our customers during the pandemic
Significant reduction in emissions through optimized sourcing and a localized sales and service network

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Marel is at the center point of the food value chain

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Sustainability is our business

We embrace our role as a critical infrastructure company in the global food industry.
Here is how we impact our customers & the economies we operate in.

Enabling our customers to deliver on their ESG strategies

Assisting customers using fewer natural resources
Carbon neutral solutions
Environmental data tracking
Responsible supply chain management with suppliers globally
Enabling food producers to become more demand-driven
Committed to providing life cycle analysis

Local and global community engagement

Vision and purpose beyond Marel's core business activities
Focus on improving food security in partnership with the Red Cross
Clear social participation guidelines
Innovation collaboration - academic and industry partnerships
Improving local production capabilities and worker safety
Focused contributions to three UN SDGs

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Processors are actively exploring how digital can help them win in the future food processing market

Connecting the value chain

Increasing regulatory requirements
Improving planning and operations in a demand-driven value chain (pull based)
Limited consumer data availability reducing value analytics & benchmarking

Increasing performance

Yield
Throughput
Quality
Food safety

Improving uptime

Advanced service needs
Predictive/Preventive
Remote resolution
Reducing cost of service

Managing complexity

SKU proliferation and raw material variability
Maximizing value requires complex targeted production

Increasing sustainability requirements

Increased food demand from rising population
Global animal diseases
Lack of accessible workforce
Reducing environmental impact of food processing

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Digital innovation in service

Accelerated plans to increase remote support using augmented reality, online demos and online training due to the pandemic
Currently deploying new digital services in the areas of:
Predictive maintenance
Remote support
Performance management
Digital solutions will help us to evolve and grow with more proactive and predictive services

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Careers for more
more
care
more
care
more
care
more

Careers for more
more
care

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Sustainability

TRANSFORMING FOOD PROCESSING
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Guest speaker: Greta Maria Gretarsdottir, Brim

Creating value through responsible fishing and processing

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Greta Maria Gretarsdottir

Managing Director of Innovation, CSR and IR at Brim

Greta Maria Gretarsdottir took up her current position in 2020, after having served as a CEO of Krónan. Prior to that she spent 10 years in the banking and IT industry before being appointed as a CFO of Festi. Gretarsdottir has extensive executive experience, emphasizing sustainability and innovation. She has served as a Chairman of Board of the Icelandic Food Fund and a Board Member of the Icelandic Red Cross and Arctic Adventures.

Education

MSc, Engineering, University of Iceland

1 years with Brim / 3 years in Industry

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BRIM

We create value in harmony with society and the environment.

We achieve our goals through responsible fishing and processing, with sustainability and innovation as our guiding principles.

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BRIM

ABOUT BRIM

Founded in 1985 with the merger of Reykjavik Municipal Fisheries Company and privately owned Ísbjörninn
The company's integrated operations enables promoting efficient production and ensures an unrestricted pathway from catch to processing and sales of groundfish and pelagic fish
Brim's products are sold all over the world, with the largest markets being Europe, Asia and North America
In 2020, Brim's total catch of pelagic vessels was 81,582 tons (25,726 tons exported) and 46,437 tons from groundfish vessels (22,565 tons exported)
Brim employs over 750 people at sea and on land and had EUR 262 million in revenues in 9M21
The company was listed on Nasdaq Iceland in 2014

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BRIM

INTEGRATED VALUE CHAIN

RESPONSIBLE FISHERIES & SUSTAINABILITY

BRIM

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BRIM

BRIM AND MAREL PUT SMARTER PROCESSING IN ACTION

In 2020 Brim's groundfish processing plant in Reykjavík was renewed, making the company's Reykjavik facility one of the most advanced whitefish processing plants in the world, utilizing Marel's state-of-the-art equipment and automation in every processing step
The installation included a high-tech packing system with 10 robots, which streamlined the entire packing processing, in addition to several FleXicut lines
The goal was to increase utilization, quality and performance with latest equipment and software available together with environmental and social benefits
Prior to the installation, Marel and Brim were able to use simulation and mixed-reality to test the product flow for the whole factory, help preventing bottlenecks and ensuring that all teams fully understood how the system work from start to finish

Marel's Capital Markets Day 2021

BRIM'S RESPONSIBLE FISHING AND PROCESSING

Brim is highly focused on responsible fishing, processing and innovation as food waste is a problem that runs across the food value chain
At Brim, responsible fishing is considered to be utilizing all the catch that is caught in the fishing gear of the vessels and thereby maximize value creation
Today, Brim’s groundfish processing plant is one of the most advanced in the world, enabling 100% utilization of each fish that is caught
Through automated, innovative and data-driven solutions, the opportunity to increase product value, significantly reduce food waste and move towards a demand-driven production is well within a reach

Marel's Capital Markets Day 2021

BRIM

GREEN AND BLUE BONDS

In 2021, Brim completed the issuance of bonds that fall within the company's sustainable financing framework and are identified with the colors green and blue
By issuing the bonds, Brim finances projects that promote sustainability and have a positive impact on the environment, with blue bonds regarding projects related to the sea and water
In recent years, Brim has invested in sustainability projects and systematically reduced the environmental impact of its operations
The company reports annually on non-financial aspects of its operations in accordance with the Global Reporting Initiative GRI100-400 and Nasdaq's ESG Reporting Guidelines

BRIM'S GREEN AND BLUE BONDS

Series	BRIM 221026 GB
Total size	ISK 5,000M value¹
Coupon	4.67%
Yield	4.75%
Final maturity	22 Oct 2026

The bonds are non-indexed.
The interest is paid quarterly, but principal paid in one payment on final maturity date.
Bond buyers can rely on their investment to go to projects that promote sustainability and positive environmental impact.

Marel's Capital Markets Day 2021

Notes: ¹ The total size of the bond series is a total of ISK 5,000 million nominal value, but now bonds with a nominal value of ISK 2,500 million have been issued.

BRIM

Marel's Capital Markets Day 2021

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Video

Marel's governance structure

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Sustainability

TRANSFORMING FOOD PROCESSING
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Thorsteinn Kari Jonsson

Impact through innovation

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Thorsteinn Kari Jonsson

Director of Sustainability and Community Engagement

Thorsteinn Kari took up the position as Director of Sustainability and Community Engagement in 2020. He is responsible for sustainability strategy, ESG reporting, multilateral co-operation and community engagement. Prior to his current position, he was Project Manager at CEO's Office since joining the company in 2015. Before joining Marel, Jonsson held various roles in consulting and academia.

Education

MSc, Strategy, Organization and Leadership, CBS, Denmark
BSc, Business Administration and Philosophy, CBS, Denmark

6 years with Marel / 7 years in Industry

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Marel is setting leading standards in the food processing industry for its customers, suppliers, employees and retail consumers

Marel has steadily been improving its ESG profile since 2015, working toward becoming a part of the solution

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Pioneering product development

Since 2017, Marel has employed a strict process framework when evaluating new products to ensure efforts are spent on progressing valuable, feasible and usable technologies

The Sustainability scorecard seeks to address and improve material product impact while promoting animal wellbeing and areas including:
- Environmental criteria: circularity, minimizing food waste, reducing scarce resources
- Social criteria: food quality, food safety and security, and employee health and safety

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Life-cycle analysis

All stages of the product's life-cycle are analyzed, including:
- Raw material extraction
- Manufacturing and processing
- Transportation
- Accurate use phase estimates
- End-of-life/recycling/circularity

Delivering carbon neutral solutions to our customers provides added resilience from emissions perspective
Provides added possibilities when aligning with the EU Taxonomy

Highlights from Marel's FleXicut life-cycle analysis:
- The carbon footprint can be as low as 35.4 tCO2e, which is less than owning an Audi A6, which emits approximately 46 tCO2e over its life
- The energy grid the solution is connected to is of high importance
- Recycling can provide up to 7.2 tCO2e in credits in avoided emissions
- Production of steel, the compressor, and internal electronic components accounts for 80% of the impact from production phase

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Diversity and inclusion policy

A commitment to upholding Marel's values of Unity, Innovation and Excellence through diversity and a culture of inclusion

Equal opportunity	Culture and inclusion	Anti-bullying, discrimination and harassment	Accountability
• Provide equal opportunities across employee life cycle
• Ensure fair reward & recognition
• Remove bias from hiring process
• Create equal opportunities for learning and development
• Consider diversity when selecting candidates for committees, teams, speaking opportunities	• Create a culture of inclusion
• Empower employees with D&I training opportunities
• Foster work-life balance through flexible working policy
• Respect & encourage diversity
• Provide health and wellbeing support
• Consider language skills of employees and offer translations and lessons	• Zero tolerance policy towards bullying, discrimination, harassment or violence
• Execute reporting and investigation measures and processes
• Zero tolerance to any form of retaliation or other adverse action against an employee who raises a complaint	• Set clear diversity and inclusion targets
• Measure and report D&I successes internally and externally
• Leaders accountable for driving D&I
• Adherence to D&I policy for all employees

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2020 ESG highlights

Transforming food processing, sustainably

| Committed to setting: science-based targets
TCFD climate-related financial disclosure | EUR 700m
Sustainability linked
syndicated credit facility | Global Pay Policy
during COVID-19 to secure
minimum pay | Employee turnover rate
9.8%
(-10.1% to 2019) |
| --- | --- | --- | --- |
| Gender diversity
44/56 at Executive level
43/57 at Board level | 96%
of all new innovations passed Marel's
Sustainability Innovation Scorecard
(from 87% in 2019) | Established Responsible
Supply Chain Risk
Management | Conducted a
materiality analysis
with over 160 stakeholders to
prioritize sustainability efforts |
| 6%
of annual revenues
invested
in R&D | Aligned ESG disclosure with:
SASB, UN Global Compact, Nasdaq
ESG guidelines &
Euronext ESG guidelines | Life Cycle Analysis
of 4 core cross-industry
solutions | Community engagement to
improve food security
in South Sudan
Marel donated EUR 1m |
| | | 41% lower CO_{2}
carbon footprint
New ways of working during COVID-19 | Adopted a
Green Electricity
Procurement Policy |
| | | | Focus on HSE
Total Recordable Incidents
Rate at 0.91 (from 1.24 in
2019) |

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Focused in particular on three UN Sustainability Goals

A signatory of the United Nations Global Compact since 2015, Marel leverages its innovation and technological leadership to contribute to three UN Sustainable Development Goals

End hunger

Industry, innovation and infrastructure

Responsible consumption and production

Marel committed to setting targets aligned with UN sustainability goals

Ambitious	Transparent	Measurable
Achieving food security, improving nutrition & promoting sustainable global agriculture	Traceability, increased quality and food safety are key to how we develop and produce solutions and software (e.g. Innova) for food processing and full traceability of raw ingredients
Building resilient infrastructure, promoting inclusive & sustainable industrialization	We foster innovation (investing 6% per year in R&D) that boosts productivity as the primary way to make meaningful contributions towards this goal
Fostering innovation via the transformation of food processing technology	We work hard to create solutions to reduce food waste, increase efficient resource use, boost yields, add recycling options & optimize portion sizes

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Sustainability roadmap

Elevating sustainability performance by focusing on four key themes

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First sustainability program launched 2022

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First sustainability program

Our medium to long-term sustainability program complements Marel's climate ambitions as we set a science-based target in 2022 in line with the Paris Agreement

Environmental targets

Reduce carbon emissions¹ by 20% by 2026
Increase recycling of waste to 90% by 2026
Powering >85% manufacturing facilities on renewable electricity by 2026

Social targets

Gender diversity in management levels L1-L3 > 25%
All managers create annual engagement improvement action plans with their teams²
Total recordable incident rate < 0.5

Governance targets

Increase proportion of ESG incentivized pay throughout the organization
Continuously improve supply chain sustainability³
All new innovations need to improve at least one sustainability aspect

Marel's long-term commitment to a sustainable future

Setting long-term science-based targets
Becoming net zero by 2040
Focused on supporting three UN Sustainable Development Goals:

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Notes: ¹ Includes Scope 1, Scope 2 and business air travel from Scope 3 emission intensity. Environmental targets are set against base year 2019.

² As measured by Gallup. ³ As measured by EcoVadis.

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12% average annual growth target from 2017 - 2026¹

Business mix split

Service / Spares
Aftermarket
~40%

Service / Spares / Software
Aftermarket
~50%

Long-term targets YE26

12% average annual revenue growth in 2017-2026¹
50% of revenues to come from service, spares and software
Basic EPS to grow faster than revenues
Innovation promise of 6% of revenues

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Notes: ¹ Growth is not expected to be linear but based on opportunities and economic fluctuations. Operational results may vary from quarter to quarter due to general economic developments, fluctuations in orders received and timing of deliveries of larger systems.

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EUR orders received annualized 9M21¹

1.5bn

Revenue split by geography

Asia and Oceania
10%

Americas
33%

EMEA
57%

Revenues invested in INNOVATION
~6%

39 years since foundation

Nasdaq
Listed since 1992
EURONEXT
Listed since 2019

Compliment to ESG / UN SDG

Poultry
51%
of revenues

Meat
34%
of revenues

Fish
12%
of revenues

Equipment
60%
of total revenues

Aftersales
40%
of total revenues

~7,000
employees

Signatory of the UN Global Compact since 2015

Nasdaq ESG transparency partner since 2019

Founding member of the Nordic CEOs for a Sustainable Future Coalition since 2018

9M21

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Notes: ¹Annualized orders received based on orders received as of 30 September 2021

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Video

Move the Globe

Marel employees Move the Globe and raise funds for the International Red Cross

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Arni Oddur Thordarson
Chief Executive Officer

Thorsteinn Kari Jonsson
Director of Sustainability
and Community Engagement

Anna Kristin Palsdottir
Executive Vice President, Innovation

Greta Maria Gretarsdottir
Managing Director, Innovation
CSR and IR at Brim

Q&A panel

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Capital Markets Day - The 360° mini-series

Watch our series of virtual Capital Markets Day events and explore how Marel delivers growth—globally, digitally, sustainably.

Growth
Global reach
Digitalization
Sustainability

Available on marel.com/cmd360

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Tinna Molphy
Director of Investor Relations

Marino Thor Jakobsson
Investor Relations

Drofn Farestveit
Investor Relations

Questions

We’re here to help!

+354 563 8001
[email protected]
@Marel_IR / $MAREL

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TRANSFORMING FOOD PROCESSING

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Thank you

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TRANSFORMING FOOD PROCESSING
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Appendix

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ESG matters to our stakeholders

Marel's business model is fully focused on creating value for all stakeholders
Materiality Analysis conducted with over 160 stakeholders to prioritize sustainability efforts

Customers	Employees	Communities	Suppliers	Investors	Planet
Our strong and long-standing relationships with customers form the bedrock of our business	Dedicated to providing a safe and healthy working environment that fosters diversity and inclusion	Focused on improving local production capabilities/worker safety, clear community engagement	Responsible supply chain management with global suppliers with a clear supplier Code of Conduct	Marel operates in a sizeable & attractive EUR 12bn market, supported by long-term secular growth trends	Solutions to help feed a growing population safely & efficiently, minimizing environmental impact
96% of all new innovations passed Marel's Sustainability Innovation Scorecard (from 87% in 2019)	3.4% the median gender pay gap (2019: 8.4%) and focus on further narrowing gender pay.	25 science and technology partners across the globe	15 sites our global supply chain team works across 15 sites worldwide	12% committed to 10-year annual revenue growth target set in 2017	72% recycled or reused total waste volume in 2020
6% of annual revenues invested in R&D	9.8% Employee turnover rate (2019: 10.1%)	EUR 1m donated to the Red Cross in 2020 who will use the funds to improve the food security of the most vulnerable communities in South Sudan	2017 all new suppliers have signed up to Marel's code of conduct since 2017	EUR 700m sustainability linked syndicated credit facility – robust operating cash flow and financials, supporting growth and sustaining operational health	2040 committed to becoming carbon neutral

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Our sustainable outcomes and returns

Sustainability is our business and is embedded throughout all of our business operations, enabling us, and our stakeholders, to take sustainable food production to the next level

Vision	In partnership with our customers, we are transforming the way food is processed. Our vision is of a world where quality food is produced sustainably and affordably.
Sustainability
themes Marel
addresses	Customer health
& safety	Animal
wellbeing	Automation
---	---
	Food waste
reduction	Traceability
	Food safety
& security	Robustness
& durability	Environmental
Impact
Values	Unity
We are united in our success	Excellence
Excellence is what
differentiates us	Innovation
Innovation drives the
value we create