The Middleby Corporation

1. The Middleby Corporation Baird Industrial Conference November 6, 2007

2. Forward Looking Statements Statements made in this presentation or otherwise attributable to the company regarding the company's business which are not historical fact are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The company cautions investors that such statements are estimates of future performance and are highly dependent upon a variety of important factors that could cause actual results to differ materially from such statements. Such factors include, but are not limited to variability in financing costs; quarterly variations in operating results; dependence on key customers; international exposure; foreign exchange and political risks affecting international sales; changing market conditions; the impact of competitive products and pricing; the timely development and market acceptance of the company's products; the availability and cost of raw materials; and other risks detailed herein and from time-to-time in the company's SEC filings.

3. Middleby Corporation Executive Summary • The Middleby Corporation is the worldwide leader in the manufacture and distribution of a broad line of Cooking, Warming and Preparation Equipment for thecommercial restaurant industry and food processors • Headquartered in United States (Chicago, Illinois) • Publicly traded on US stock exchange (symbol: MIDD) • $500 million in annual revenue • 1,600 employees • 12 Worldwide Manufacturing Facilities • 9 US Facilities • 1 European Facility • 2 Asian Facilities

4. Key Company Highlights • Market Leader of Foodservice Equipment • #1 or #2 market position in U.S. across most product lines • Established Well-Respected Brands • Premium brands recognized for innovative technology, efficiency and quality • Premier Customer Base • Aligned with leading U.S. and international restaurant chains and food processors • Positioned for Growth • Strong pipeline of new differentiated products • Focus on higher growth segments across diverse end markets • Unique Global Footprint • International sales and service infrastructure provides attractive opportunities in emerging markets • Strong Profitability And Commitment to Operational Excellence • Ongoing success in process improvements • Successful Track Record of Growth through Acquisitions

5. Record Sales and Earnings Growth ($ in millions) Middleby Financial Performance Sales Growth through Product Innovation and Acquisition of Industry Leading Brands

6. Strong Relationships with Premier Customers • Blue-chip, customer base • Long standing relationships • Limited customer concentration • Large installed base • Serve all food segments

7. Revenue Breakdown Commercial Foodservice and Food Processing Expanding Business Segments

8. Commercial Foodservice Market Leader Middleby has leading brands and technology in the the foodservice equipment industry • The commercial cooking equipment market is in excess of $3.0 Billion. • Highly fragmented • Middleby focus on Brands and Technology • Equipment in the restaurant and critical the success of the restaurant. • Equipment specification and purchasing decisions driven by chef / operator • Product pricing driven by differentiated technology U.S. Hot-side Foodservice Equipment Market by Product (1) • ___________________________ • Source: North American Association of Food Equipment Manufacturers and management estimates.

9. Market Leading Brands – Foodservice Brand Product U.S. Market Position Representative Customers We succeed due to strong brands, product innovation, service and support and our continuous commitment to quality

10. Market Leading Brands - Foodservice (con’t) Brand Product U.S. Market Position Representative Customers We succeed due to strong brands, product innovation, service and support and our continuous commitment to quality

11. Middleby Brand Products We offer a comprehensive line of innovative foodservice equipment Conveyor Oven Combi Oven Convection Oven Fryer • Automated oven with energy management system • Combination steam and convection in one cavity • No-turn bake capabilities • Highest efficiency burner Range Infrared Broiler Steamer Baking Oven • Non-clog burner and water proof controls • Used by the best steakhouses in the world • Boilerless, no-lime steamer • V-air technology cooks bread in less than 15 minutes

12. Food Processing Industry Middleby has leading brands and technology in the food processing equipment industry • The food processing equipment market is in excess of $1.5 Billion. • Highly Fragmented • Middleby focus on Brands and Technology • Equipment specification and purchasing decisions driven by operators and engineers • Product pricing driven by differentiated technology U.S. Hot-side Foodservice Equipment Market by Product (1) • ___________________________ • Source: Management estimates. 4

13. Market Leading Brands – Food Processing Brand Product U.S. Market Position Representative Customers We succeed due to strong brands, product innovation, service and support and our continuous commitment to quality

14. Middleby Growth Drivers • Favorable Industry Dynamics • New Product Pipeline • Acquisitions • International Expansion

15. Favorable Industry Dynamics Many factors supporting growing demand for foodservice equipment Favorable Demographics New Restaurant / Store Openings Menu Changes Replacement of Existing Equipment Expansion of International Markets Rising Foodservice Operator Costs

16. New Products Driving Growth We are committed to meeting changing customer needs Customer Demand Recent Innovations Our Success We Introduce More than 10 Innovative New Products Each Year

17. Mini WOW! Oven Rethermalizer Solstice Supreme Fryer Redesigned Combi-Ovens 500 Series Range Tanduri Oven Revolving Tapinyaki Griddle New Product Pipeline - Foodservice 2007 Introductions 2008 Introductions • High H Oven • Hydrovection Oven • Rocket Fryer • Ventless Hood • Pressure Fryer • Visual Cooking Combi-Ovens • Samooza Fryer New Products Represent more than 20% of Net Sales

18. Cyclone Belt Oven Flash Pasteurization Mid-Size J-Con Oven Wireless Controls New Product Pipeline – Food Processing 2007 Introductions 2008 Introductions • Conveyor Fryer • Co-Extrusion • Forming Equipment • Intellijet Water Cutter New Products Typically Carry Profit Margins >5% Higher than existing Products

19. Acquistion Strategy • Acquire Leading Brands and Technologies • Established Market Positions • Differentiated Products • Higher Profit Margin • Increase Operating Efficiency • Eliminated Unprofitable SKU’s • Focus on Core Products • Streamline Production and Administrative Processes • Realize Synergies • Increased Purchasing Leverage • Utilization of Middleby Low Cost Production Facilities • Leverage Sales and Distribution Network • Leverage Existing Chain Relationships Creating the Premier Foodservice Equipment Company

20. Middleby Worldwide Executive Summary • Middleby Worldwide is the sales, service and distribution arm supporting the Middleby Brands internationally in over 100 countries. Middleby Worldwide has company owned operations in key markets around the world. • Middleby Owned Sales and Service Offices in Key Markets: • Mexico • Australia • UK • Spain • Sweden • China • India • Korea • Taiwan • Philippines • Mid-east • Russia

21. Manufacturing facility, sales office and test kitchen Sales office with test kitchen Sales office only Global Reach Mississauga, Ontario, Canada# of Employees: 2 Bilbao, Spain# of Employees: 11 Manchester, UK# of Employees: 20 Delhi, India# of Employees: 5 Seoul, South Korea# of Employees: 11 • Test kitchens throughout the world allow Middleby to educate customers of the benefits of its equipment through hands-on experience and training • Worldwide service is critical and highly valued by U.S. chains expanding into international markets • Worldwide sales infrastructure allows direct contact with key decision makers, especially in high-growth markets • Philippines and China manufacturing capabilities provides regional presence in high-growth Asian markets Shanghai, China# of Employees: 14 Taipei, Taiwan# of Employees: 7 Manila, Philippines# of Employees: - Manufacturing: 95 - Sales & Dist.: 16 Mexico City, Mexico# of Employees: 26 Key Advantages

22. 2007 2nd Quarter Year to Date Review Results Commentary (Amounts in millions, except per share data) • Net Sales increased 8.6% year to date • 3.3% organic growth • 3% Impact of Work Stoppage ($5.8m) • 5.4% acquisition growth • Gross margins impacted by: • Integration of Alkar/Rapidpak acquisition • Increased steel and other material costs • Operating costs impacted by: • Acquisitions • Higher commissions • Reduced Debt/Rising interest rates

23. Financial Themes • Top Line Growth • Positioned in faster growing segments • Continued new product innovation • Acquisition growth • Focus on Operating Margins • Standardization of product platforms • Strategic supply chain initiatives • Integration of recent acquisitions • Strong Balance Sheet • Continued debt reduction • Capacity to pursue strategic acquisitions

24. Key Investment Highlights • Market Leader of Foodservice Equipment • Established Well-Respected Brands • Premier Customer Base • Positioned for Growth • Unique Global Footprint • Strong Profitability and Commitment to Operational Excellence • Successful Track Record of Growth through Acquisitions • Experienced and Proven Management Team