8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 16, 2008

John Bean Technologies Corporation

(Exact name of registrant as specified in its charter)

Delaware	1-34036	91-1650317
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

200 East Randolph Drive

Chicago, Illinois 60601

(Address, Including Zip Code,

of Principal Executive Offices)

Registrant’s telephone number, including area code: (312) 861-5900

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01. REGULATION FD DISCLOSURE.

On July 14, 2008, John Bean Technologies Corporation began making presentations to the equity investment community in connection with its upcoming spin-off from FMC Technologies, Inc. A copy of the presentation materials is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

Note: The information in this report and Exhibit 99.1 attached hereto are furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits:

99.1 John Bean Technologies Corporation Presentation

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	JOHN BEAN TECHNOLOGIES CORPORATION
	By:	/s/ Charles H. Cannon, Jr.
Dated: July 17, 2008	Name:	Charles H. Cannon, Jr.
	Title:	Chairman, President and Chief Executive Officer

2

EX-99.1

1

High-Productivity Solutions Engineered for

Food Processing and Air Transportation

Investor Presentation

July 2008

Exhibit 99.1

2

These

slides

and

the

accompanying

presentation

contain

“forward-looking”

statements

which represent management’s best judgment as of the date hereof, based on currently

available

information.

Actual

results

may

differ

materially

from

those

contained

in

such

forward-looking statements.

JBT Corporation’s (the “Company”) Form 10 Registration Statement filed under the

Securities Exchange Act of 1934 includes information concerning factors that may

cause actual results to differ from those anticipated by these forward-looking

statements. The Company undertakes no obligation to update or revise these forward-

looking statements to reflect new events or uncertainties.

Although

the

Company

reports

its

results

using

GAAP,

the

Company

uses

non-GAAP

measures when management believes those measures provide useful information for its

stockholders.

Forward-Looking Statements

3

•

Transaction Overview

•

Investment Highlights

-

JBT Corporation Overview

-

JBT FoodTech Overview

-

JBT AeroTech Overview

•

Strategies for Growth

•

Financial Overview

•

Charles H. Cannon, Jr.

-

Chairman of the Board,

Chief Executive Officer

•

Ronald D. Mambu

-

Vice President,

Chief Financial Officer

Agenda

Speakers

Today’s Speakers and Agenda

Transaction Overview

5

Description

Tax-free distribution to FMC

Technologies (FTI) shareholders

Listing

NYSE: JBT

Distribution Ratio

1 FTI share : 0.216 JBT shares

Estimated JBT Shares

27.6 million

Dividend per Share

$0.07 per quarter

When Issued Trading

July 18, 2008

Record Date

July 22, 2008

Distribution Date

July 31, 2008

Regular Way Trading

August 1, 2008

Transaction Overview

Investment Highlights

7

Investment Highlights

•

Experienced and diverse leadership team

•

Long, rich history in markets we helped develop

•

Technology and market leader with blue chip customer base

•

Global footprint with extensive capabilities

•

Track record of profitable growth

•

Large installed base drives growth in recurring revenue

•

Well-positioned to capture growth opportunities

•

Growing profits and stable cash flows support debt paydown,

dividend and reinvestment

8

Charles H. Cannon, Jr.

Chairman of the Board,

26

Chief Executive Officer

Ronald D. Mambu

Vice President, Chief Financial Officer

34

Torbjörn Arvidsson

Vice President and Division Manager,

21

Food Solutions and Services

Juan C. Podesta

Vice President and Division Manager,

19

Food Processing Systems

To Be Announced

Vice President and Division Manager,

--

JBT AeroTech

Years with

Company

Operating Management Team

•

20+ years average FMC tenure

•

Multi-cultural team: 9 nationalities and 9 languages

•

Majority have worked and lived abroad

Senior Management Team

Experienced and Diverse Leadership Team

9

Charles H. Cannon, Jr.

Served

in

various

positions

within

FMC

Corporation

and

FMC

Technologies

since

1982

including

Senior

Vice President of FMC Technologies and General Manager of FMC FoodTech and Airport Systems;

currently

a

Board

Member

of

Standex

International

Corporation

and

the

Food

Machinery

Europe

Association

C. Maury Devine

Served in various positions within ExxonMobil Corporation since 1994 including President and

Managing Director of ExxonMobil Norway and Secretary of Mobil Corporation; previously held positions

within

the

U.S.

Government;

currently

a

Board

Member

of

FMC

Technologies

and

Det

Norske

Veritas

Alan D. Feldman

Has served as the Chairman, President and CEO of Midas, Inc. since 2003; previously held senior

management

positions

within

McDonald’s

and

PepsiCo;

currently

a

Board

Member

of

Footlocker,

Inc.

James E. Goodwin

Served

as

Chairman

and

CEO

of

UAL

and

United

Airlines

from

1999

to

2001;

currently

a

Board

Member of AAR Corporation, Federal Signal Corporation and First Chicago Bank & Trust

Polly B. Kawalek

Served as President of PepsiCo’s Quaker Foods division from 2002 to 2004; previously held various

positions

for

25

years

within

Quaker

Oats;

currently

a

Board

Member

of

Martek

Biosciences

Corp.

and

Kimball International, Inc.

James M. Ringler

Has served as Chairman of Teradata Corporation since 2007; previously held senior management

positions with Illinois Tool Works, Premark International Inc., White Consolidated Industries and The

Tappan Company;

currently a Board Member of FMC Technologies, Dow Chemical Company,

Corn Products International, Inc. and Autoliv Inc.

James R. Thompson

Has served in various positions with Winston & Strawn LLP since 1991 including Senior Chairman and

Chairman;

previously

held

various

positions

with

the

U.S.

Government

including

the

Governor

of

Illinois

from 1977 to 1991;

currently a Board Member of FMC Technologies, Navigant Consulting Group, Inc.

and Maximus, Inc.

Experience

Board of Directors

Highly Experienced Board of Directors

10

Long, Rich History in Markets We Helped Develop

1962

Introduced

the Deicer

1969

Introduced the

first Cargo

Loader for the

Boeing 747

1959

Introduced the

first Jetway

passenger

boarding bridge

1920

Introduced the

Cooker Cooler

1950

Introduced the

first In-line Juice

Extractor

1960

Introduced the

first

FLoFREEZE

Freezer

Air Transportation

Food Processing

Our history of innovation began with John Bean

11

sterilize more than 50% of

the world’s shelf stable

canned foods

squeeze more than 75% of

the world’s citrus juices

freeze more than 50% of

the world’s frozen foods

load 70% of the

world’s overnight

express packages

board 75% of U.S.

passengers

Market Leader with Blue Chip Customer Base

Our Systems:

12

Global Footprint with Extensive Capabilities

~50% of revenue

derived from outside the United States

13

2005

2006

2007

2005

2006

2007

Revenue

($MM)

EBITDA ($MM)

$823

$844

$978

Track Record of Profitable Growth

$65

$74

$86

9% CAGR

15% CAGR

Note: See Appendix I for reconciliation of EBITDA to Net Income

14

$201

$178

$170

2005

2006

2007

Delivered Base (units)

•

FoodTech: 40,000+

•

AeroTech: 30,000+

Large Installed Base Drives Growth in

Recurring Revenue

Aftermarket Revenue ($MM)

9% CAGR

15

63%

61%

FY07 Total Revenue

FoodTech¹

FoodTech

FY07 Total Segment Operating Profit

$593MM

$56MM

1.  Excludes intercompany eliminations

We

Are

With

You,

Right

Down

The

Line™

16

Note: % of revenue

exclude

aftermarket parts and services

Tomato Paste

Tomato Sauces

Juices

Beverages

Fruit Processing

32% of revenue

Shelf-Stable Products

Formulated Milks

Beverages

Shelf Stable Sterilization

15% of revenue

Poultry & Meat

Seafood

Protein Processing

17% of revenue

Poultry & Meat

Seafood

Fruit & Vegetables

Baking Products

Freezing & Chilling

36% of revenue

Technologies

Applications

Customers

#1 or #2 in Core Product Offerings

17

Cost per

Unit

Throughput

and Yield

We Are With You, Right Down The Line™

18

Higher Performance Through Continuous Innovation

Coater

Portioner

Fryer

Oven

Freezer

DSI Accura™

Portioning System

GYRoCOMPACT-II Oven

GYRoCOMPACT

M-Series

Spiral Freezer

19

Source: Rabobank

Developing Markets Provide a Significant Growth

Opportunity for Processed Food Technology

0

0

1

1

1

Diet Profile

Survival

Staples

Variety

Convenience

High-tech

Grain

Roots

Meat, Dairy

Fruit &Veg.

Prepared

Foods

Functional

Foods

Diet

Component

Sub-Saharan

Africa

Eastern

Europe

L. America

China

India

Developing

Markets

Developed

Markets

W. Europe

Japan

USA

20

Convenience

and

Choice

Drive

Demand

in

Developed Markets

U.S. Poultry Production

0%

20%

40%

60%

80%

100%

1975

1980

1985

1990

1995

2000

2005

0

10

20

30

40

Whole

Cut-Up

Further

Lbs of Broilers

Source: National Chicken Council

21

From

Touchdown

to

Takeoff

™

$386MM

$32MM

1.  Excludes intercompany eliminations

39%

FY07 Total Revenue

AeroTech¹

37%

AeroTech

FY07 Total Segment Operating Profit

22

Ground Support

Maintaining and

monitoring facilities and

equipment

Passenger boarding

Air and power supply

Gate Equipment

Container and palletized

cargo loading

Military Equipment

Pushback/Towing

Aircraft Deicing

Container loading

Cargo transporting

Baggage loading

Airport Services

Technologies

Applications

Customers

#1 or #2 in Core Product Offerings

23

Turn

Time

Reliability

From

Touchdown

to

Takeoff

™

24

We Address Multiple Needs Across the

Ground Support Spectrum

Ground Support Equipment

Cargo Loaders

Deicers

Aircraft Tractors

Maintenance & Operation

Gate Systems

Baggage Handling Systems

Ground Support Equipment

Airport Facilities Technology

Aircraft Support Systems

Passenger Boarding Bridges

400Hz Converters                            

Pre-conditioned Air

25

Market Growth Rates: 2007 to 2027

World Economy

Passengers

Airline traffic

Cargo traffic

4.0%

5.8%

5.0%

Source: The Boeing Company, Summary Outlook 2008-2027

Long-term, Passenger and Cargo Traffic Expected to Grow

Faster Than Global Economy

3.2%

26

•

Extend technology leadership

•

Leverage installed base

•

Capture international growth opportunities

•

Acquisitions

Well-Positioned to Capture Growth

Opportunities

27

Financial Overview

28

$497

$496

$593

$386

$327

$349

2005

2006

2007

FoodTech

AeroTech

$823

$978

$844

(23)

(23)

(27)

$56

$46

$40

$27

$25

$32

2005

2006

2007

Corporate

FoodTech

AeroTech

$42

$61

$50

Track Record of Profitable Growth

Revenue   ($MM)

EBIT

($MM)

1.

Excludes intercompany eliminations

2.

See Appendix I for reconciliation of EBIT to Net Income

1

2

29

($4)

($3)

$13

$9

$2

$9

Q1 2007

Q1 2008

Corporate & Other

FoodTech

AeroTech

$123

$149

$72

$112

Q1 2007

Q1 2008

FoodTech

AeroTech

$195

$260

$7

$19

Revenue   ($MM)

EBIT

($MM)

1.

Excludes intercompany eliminations

2.

See Appendix II for reconciliation of EBIT to Net Income

Record Start in 2008

1

2

30

Efficient Working Capital Management

(% of Revenue)

JBT

5.4%

2.8%

6.2%

Selected Industrials

Mean

18.4%

17.0%

16.6%

2005

2006

2007

1.

Adjusted working capital

is calculated as current assets (excluding cash and short term

investments) less current liabilities (excluding current portion

of debt)

2.

See Appendix III for reconciliation to GAAP measure

1

31

Capital Expenditures¹

$1.9

$1.3

$1.2

$21.3

$21.1

$19.3

2005

2006

2007

FoodTech

AeroTech

$21.6

$23.0

$22.7

($MM)

1. Total capital expenditures include corporate but not shown

Capital expenditures have historically averaged ~2% of revenue

32

Strong free cash flow generation

20.9

13.2

13.1

Other

2.5

(0.7)

5.5

Discontinued Operations

(42.3)  

28.6

(1.3)

Change in Operating Assets & Liabilities  

(23.0)

(22.7)

(21.6)

Capital Expenditures

$23.3

$76.4

$44.3

Adjusted Free Cash Flow

25.1

$40.1

2007

23.2

22.2

Depreciation & Amortization

$34.8

$26.4

Net Income from Continuing Operations

2006

2005

$MM

1.

‘Other’

contains stock based compensation, disposal of assets and other

changes in balance sheet accounts

2.

See Appendix IV for reconciliation of Adjusted Free Cash Flow to

cash provided by operations

Cumulative cash flow to Parent from 2005-2007 equal to $142.5 million

1

2

33

33

20.2%

17.6%

12.5%

2005

2006

2007

1.

Return on Investment (ROI) is calculated as income from continuing operations

as a percentage of average owner’s net equity

Attractive Returns on Investment

1

34

Debt Structure

Private Placement

Credit Facility

Amount

Term

Pricing

Security

Covenants

•

$225 MM

•

$100 MM draw at closing

•

LIBOR +175 bps

•

$50MM swapped to 5.4% fixed rate

•

Customary

•

5 years

•

Unsecured

•

$75 MM

•

6.7%

•

Customary

•

7 years

•

Unsecured

35

2008 Outlook

•

Continued top line growth

–

Year over year revenue increase at 6-10%

•

Stable segment margins

•

Pro Forma EPS range of $1.25 to $1.35 includes:

–

Full year of interest expense

–

Corporate related expenses in line with previous year

–

Effective tax rate of 38%

36

Investment Highlights

•

Experienced and diverse leadership team

•

Long, rich history in markets we helped develop

•

Technology and market leader with blue chip customer base

•

Global footprint with extensive capabilities

•

Track record of profitable growth

•

Large installed base drives growth in recurring revenue

•

Well-positioned to capture growth opportunities

•

Growing profits and stable cash flows support debt paydown,

dividend and reinvestment

37

High-Productivity Solutions Engineered for Food

Processing and Air Transportation

38

Appendix I

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

FY 2005

FY 2006

FY 2007

Net income (GAAP measure)

$24.5

$34.6

$36.4

add-back:  loss from discontinued operations, net of taxes

1.9

0.2

3.7

add-back:  provision for income taxes on operating income

16.0

16.0

21.5

less:  interest income, net

(0.1)

(0.4)

(0.5)

EBIT (non-GAAP measure)

$42.3

$50.4

$61.1

add-back:  depreciation expense

17.5

18.8

19.8

add-back:  amortization expense

4.7

4.4

5.3

EBITDA (non-GAAP measure)

$64.5

$73.6

$86.2

39

Appendix II

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

Q1 2008

Q1 2007

Net income (GAAP measure)

$12.3

$3.2

less:  income from discontinued operations, net of taxes

(0.3)

0.8

add-back:  provision for income taxes on operating income

7.4

2.9

less:  interest income, net

(0.1)

(0.1)

EBIT (non-GAAP measure)

$19.3

$6.8

40

Appendix III

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

FY 2005

FY 2006

FY 2007

Current assets

$293.9

$313.4

$369.8

Current liabilities

240.4

279.2

306.2

Working capital (GAAP measure)

$53.5

$34.2

$63.6

less:  cash and cash equivalents

(2.7)

(10.3)

(9.5)

less:  short-term investments

0.0

0.0

0.0

less:  short-term debt and current portion

(0.1)

(0.2)

(1.1)

of long-term debt

Adjusted working capital (non-GAAP measure)

$50.7

$23.7

$53.0

Revenue

$823.3

$844.3

$978.0

Adjusted working capital as a percentage of revenue

6.2%

2.8%

5.4%

41

Appendix IV

Reconciliation of Non-GAAP measures (as required by Regulation G)

(In millions)

FY 2005

FY 2006

FY 2007

Cash provided by operating activities (GAAP measure)

$59.6

$96.0

$33.7

less:  capital expenditures

(21.6)

(22.7)

(23.0)

Free cash flow

$38.0

$73.3

$10.7

plus:  net cash provided (required) by investing activities

(0.1)

(0.4)

7.8

of discontinued operations

plus:  proceeds from disposal of assets

7.0

3.1

3.1

plus:  effect of exchange rate changes on cash

(0.5)

0.5

0.8

and cash equivalents

plus:  other financing cash activities

(0.1)

(0.1)

0.9

Adjusted free cash flow (non-GAAP measure)

$44.3

$76.4

$23.3

42

Appendix V

Listing of

Selected Industrials

Tennant Company

11.

A.O. Smith Corporation

10.

Regal-Beloit Corporation

9.

Osh Kosh

Corporation

8.

NACCO Industries

7.

Gardner Denver Inc.

6.

Federal Signal Corporation

5.

Enpro

Industries Inc.

4.

Briggs & Stratton

3.

Baldor

Electric Company

2.

AAR Corporation

1.