Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Investor Day (September 2018)
85 slides from Tomra Systems Asa's investor day presentation, Sep 21, 2018
Slide 1: TOMRA Systems ASA Capital Markets Day 2018
TOMRA SYSTEMS ASA CAPITAL MARKETS DAY 2018 TOMRA SYSTEMS ASA Asker, Norway 21.09.2018
Slide 2: Agenda and speakers
11:30-12:30 12:30-14:10 14:10-15:00 15:00 Registration and Light Breakfast TOMRA Group Welcome - Taking TOMRA to The Next Level Market Opportunities The Circular Economy - The Circular Economy - A Catalyst for Change - The Deposit Market Opportunity - Navigating the Regulatory Landscape The Future o
Slide 3: Taking TOMRA to the Next Level
TAKING TOMRA TO THE NEXT LEVEL 3
Slide 4: Did You Know? Waste and plastics
DID YOU KNOW? • By 2025 solid waste generation will increase by 70% compared to 2010 levels • 32% of all plastic packaging made ends up in nature every year • 20% of plastic packaging could be profitably re-used and 50% could be profitably recycled if designed for after use systems • Continuing curr
Slide 5: Did You Know? Food demand
DID YOU KNOW? • By 2050, a global population of 9.8 billion will require 70% more food than is consumed today • We are currently wasting 33% of global food production • The food industry is worth more than USD 5 trillion annually • Agriculture accounts for 20% of global greenhouse gas emissions Sour
Slide 6: We have started to realize the damaging impact of our consumer behavior
WE HAVE STARTED TO REALIZE THE DAMAGING IMPACT OF OUR CONSUMER BEHAVIOR Sources: WEF, Sky News, UNEP, Shelton Group, OECD, Ocean Conservancy 6
Slide 7: Commitment to finding solutions
COMMITMENT TO FINDING SOLUTIONS… Source: UN Environment 7
Slide 8: Drives new business models and collaboration across industries
… DRIVES NEW BUSINESS MODELS AND COLLABORATION ACROSS INDUSTRIES The world has undergone 5 major industrial cycles… …creating challenges and opportunities Strong megatrends: Opportunities for TOMRA 1 • Unrestricted access to resources Age of Information Degree of technological maturity and market sa
Slide 9: Circular economy mindset accelerating need for sustainable solutions
AS THE CIRCULAR ECONOMY MINDSET EVOLVES THE NEED FOR SUSTAINABLE SOLUTIONS IS ACCELERATING Moving from a Linear Economy… Resource Production Distribution Consumption Waste Extraction From Product → To Waste To a Circular Economy… Production Beverage and Packaging Industry Waste to Distribution √ Hig
Slide 10: Significant untapped potential to reuse good materials
SIGNIFICANT UNTAPPED POTENTIAL TO REUSE GOOD MATERIALS PLASTIC STEEL PAPER PACKAGING ~14% ~70-90% ~50-60% RECYCLED RECYCLED RECYCLED TODAY¹ TODAY¹ TODAY¹ VALUE VALUE VALUE PROPOSITION* PROPOSITION* PROPOSITION* $ 50–80 BN $ 70–150 BN $ 30–40 BN Total volume of plastic packaging is 78 mln tonne annua
Slide 11: Finding new ways of feeding a fast growing population
AT THE SAME TIME WE ALSO NEED TO FIND NEW WAYS OF FEEDING A FAST GROWING DEMANDING POPULATION… To ensure an efficient food production there is an increased need to… …automate… Increase Reduce Yield waste The digital consumer… 88% of the next billion entering the middle class will Meet come from Asia
Slide 12: New technology fosters smarter solutions
… AND NEW TECHNOLOGY FOSTERS SMARTER SOLUTIONS Internet of Things Blockchain Cyber Security AI and Machine Learning Increased Automation More Advanced Sensing 12
Slide 13: Measures taken to position TOMRA
MEASURES TAKEN TO POSITION TOMRA… Strategic initiatives 2013-2018… …to build a TOMRA fit for the future Corporate Identity Value Generation Refocusing portfolio on sensor technology Business Partner Thought Leader First entry into fresh food Circular Economy Business Shaper Future Food Building a st
Slide 14: Continued delivery of value for all stakeholders
… ENABLES CONTINUED DELIVERY OF VALUE FOR ALL STAKEHOLDERS Earnings per share and dividend payout in % of EPS 6 70% 5 60% TOMRA 50% NOK per share 4 40% Collection Sorting 3 30% 2 20% 1 10% 0 0% 2013 2014 2015 2016 2017 EPS in NOK Dividend payout in % of EPS Revenues EBITA and margin Share price deve
Slide 15: The Circular Economy - A Catalyst for Change
THE CIRCULAR ECONOMY - A CATALYST FOR CHANGE 15
Slide 16: Resources are finite
RESOURCES ARE FINITE • Today: we are paying to get rid of our waste through landfill fees and incineration • We are wasting perfectly good materials that can be reused • Tomorrow: The Circular Economy is a driver for change • Creating value out of waste • That is what the Circular Economy is all abo
Slide 17: The circular economy drives a legislative push
THE CIRCULAR ECONOMY DRIVES A LEGISLATIVE PUSH… Continued ambitious EU regulations and recycling targets: From Green Fence to National Sword: Short-term demand Attracts capital and drives investments for recycling solutions in waste exporting countries “A common EU target for recycling 70% of packag
Slide 18: And a market pull
…AND A MARKET PULL Large companies committing to use recycled raw materials = increased demand for recycled offtake Source: Ellen McArthur Foundation @ World Economic Forum 18
Slide 19: Plastic packaging material flows are largely linear
TODAY, PLASTIC PACKAGING MATERIAL FLOWS ARE LARGELY LINEAR And the increase in plastic production continues to grow rapidly… Source: Ellen McArthur Foundation 19
Slide 20: Plastic use and opportunity for sustainable infrastructure
PLASTIC HAS A LOT OF GOOD QUALITIES, BUT WE ARE DROWNING IN IT: LEAVING OPPORTUNITY FOR A MORE SUSTAINABLE INFRASTRUCTURE Plastic use by type of material in % Plastic use by industry in % Consumer Packaged Goods 40 Building and Construction 20 19% 30% Others 17 7% Automotive 10 8% Electronics 6 7% 1
Slide 21: Circular economy drives collaboration across industries
THE CIRCULAR ECONOMY DRIVES COLLABORATION ACROSS INDUSTRIES, GOVERNMENTS AND NGO’S The plastics value chain is changing and trending towards a more collaborative landscape Reverse vending Sorting Sorting Washing Extrusion WASTE SORTING PLANTS WASTE INCINERATION LANDFILL Collection Reprocessing Virgi
Slide 22: The Deposit Market Opportunity
THE DEPOSIT MARKET OPPORTUNITY 22
Slide 23: Did You Know? Beverage containers
DID YOU KNOW? • 1 million plastic bottles are bought around the world every minute • Less than half of all purchased plastic bottles are collected for recycling • ~ 35bn beverage containers are captured by TOMRA every year… • …representing only 2.5% of all beverage containers sold in 2017 Source: Eu
Slide 24: Increasing public pressure to reduce waste and littering
INCREASING PUBLIC PRESSURE TO REDUCE WASTE AND LITTERING Consumer awareness Producer Governmental responsibility policies Sources: EU Commission 24
Slide 25: Closing the plastic packaging loop represents vast potential
CLOSING THE PLASTIC PACKAGING LOOP REPRESENTS VAST POTENTIAL Source: AP 25
Slide 26: Container deposit scheme reaffirmed as a proven solution
CONTAINER DEPOSIT SCHEME – REAFFIRMED AS A PROVEN SOLUTION Return rate and deposit value* for various container deposit schemes Return rate Deposit value in EUR Return rates in Lithuania 98% 95% 92% 92% 92% 92% Prior to 34% container deposit 66% scheme No deposit No deposit 43% ~40% End of 74% year
Slide 27: Benefits of reverse vending in a container deposit scheme
THE BENEFITS OF REVERSE VENDING IN A CONTAINER DEPOSIT SCHEME 1 Consumer buys Convenient beverage and engaging for customers 4 2 Beverage Collection by Better for manufacturing reverse vending business machines Better for 3 environment Material processing Source: Infinitum 27
Slide 28: Key market and consumer trends drive structural changes
KEY MARKET AND CONSUMER TRENDS DRIVE STRUCTURAL CHANGES… CONSUMER TRENDS RETAILER TRENDS MATERIAL TRENDS STAKEHOLDER TRENDS Bag drop solutions, reverse Bigger chains but smaller Biodegradable Beverage producers more logistics from e-commerce stores, self-service bottles proactive to set the scene So
Slide 29: Shifting business models and stakeholders
…REFLECTED IN SHIFTING BUSINESS MODELS AND STAKEHOLDERS Sales & Service model Throughput model Last three markets Revenue shifts towards recurring income Traditional sales and service model Fee-based model with government, recyclers Consumer engagement with retail stores as key customers and scheme
Slide 30: Navigating the Regulatory Landscape
NAVIGATING THE REGULATORY LANDSCAPE 30
Slide 31: Overview of current deposit markets
AN OVERVIEW OF CURRENT DEPOSIT MARKETS* Northwest Territories (2005) Quebec Sweden (1984) Norway (1984) Yukon (1992) (1999) Finland Iceland (1996) (1989) Newfoundland Ontario (1997) Denmark Estonia (2007) (2002) (2005) British Columbia (1970) Prince Edwardian Lithuania Netherlands (2016) Island (200
Slide 32: Draft EU directive sets ambitious collection target
DRAFT EU DIRECTIVE SETS AN AMBITIOUS COLLECTION TARGET Legislative push “Achieve a 90% collection target of plastic beverage bottles by 2025 for example through a container deposit scheme. “ Source: European Commission 32
Slide 33: Beverage producers actively seeking more influence
BEVERAGE PRODUCERS ACTIVELY SEEKING MORE INFLUENCE Market pull Source: European Federation of Water Bottle Producers (EFBW) 33
Slide 34: Designing a deposit scheme - lengthy process from idea to law
DESIGNING A DEPOSIT SCHEME – LENGTHY PROCESS FROM IDEA TO LAW Many stakeholders around the table: Illustrative legislation process Commitment from Consultation Draft period regulation Final regulation government NGOs Beverage industry Year 0 Year x Central government Technology providers Many questi
Slide 35: Upcoming deposit markets on the move
UPCOMING DEPOSIT MARKETS ON THE MOVE Western Australia Scotland England • Beverage containers accounts for • September 2017, First Minister • March 2018, UK Environment 35% of all litter in WA Nicola Sturgeon announced a Secretary Michael Gove • Deposit value: 0.1 AUD (150mL – deposit return scheme
Slide 36: The Food Universe - Ripe for Innovation
THE FOOD UNIVERSE- RIPE FOR INNOVATION 36
Slide 37: Food for thought
FOOD FOR THOUGHT • By 2050 we will be close to 10bn people • We will need more food in the next 40 years than all the harvests in history combined • But farmland is constant – at best • The food you eat will have travelled more than you have Sources: WEF 37
Slide 38: A demanding consumer dictates the entire value chain
A DEMANDING CONSUMER DICTATES THE ENTIRE VALUE CHAIN… Fresh local food + Fresh local food Variety + year-round supply Variety + year-round supply +++ CONVENIENCE HEALTH VERSATILITY QUALITY/VALUE 38
Slide 39: Pushing traditional production towards innovation
… PUSHING TRADITIONAL PRODUCTION TOWARDS INNOVATION… Need to reduce food waste and promote sustainable farming Pressure to increase efficiency as current farmland must produce more output Big data and predictive analysis ready to be deployed into the “Agritech Revolution” 39
Slide 40: Expects flexibility and availability from distribution at low cost
… AND EXPECTS FLEXIBILITY AND AVAILABILITY FROM DISTRIBUTION AT LOW COST IN 2025, FMCG* ONLINE WILL BE A USD 170 BILLION BUSINESS, GROWING FROM 4.6% TO 10% MARKET SHARE On-demand Freshly cut “The last mile” - Kantar Worldpanel delivery in food in quality smaller tailored assurance batches packaging
Slide 41: Food value chain is getting more complex
FOOD VALUE CHAIN IS GETTING MORE COMPLEX AND DRIVES THE FOOD MARKET TOWARDS NEW SOLUTIONS Food Food Brand quality and Traceability waste promise safety Production Distribution Consumption 41
Slide 42: FMCG companies protecting their brand name at all cost
THE CONSOLIDATED FMCG COMPANIES SET A HIGH STANDARD: PROTECTING THEIR BRAND NAME AT ALL COST Physical Microbacterial Hazards Hazards Brand Promise Food Safety Allergies Chemical Hazards 42
Slide 43: Automation continues on a strong growth trajectory
AUTOMATION CONTINUES ON A STRONG GROWTH TRAJECTORY Robotics become cheaper, more Ensure advanced and quality and user-friendly safety From… To… Improve efficiency Higher labor cost and labor shortages Leverage data insight 43
Slide 44: The Road to Success - TOMRA Strategic Direction
THE ROAD TO SUCCESS – TOMRA STRATEGIC DIRECTION 44
Slide 45: Today into tomorrow: the way forward
TODAY INTO TOMORROW: THE WAY FORWARD Our base business has never been stronger… Collection Recycling Solutions Food Sorting Mining Sorting Sorting #1 #1 Fit for #1 #1 growth …and the roads to success build on our current positioning 45
Slide 46: Majority of growth will come from core business
MAJORITY OF GROWTH WILL COME FROM CORE BUSINESS Estimated revenue contribution next 5 years Expand Market Beyond Todays Business Generation Enter New Segments Enter New Markets Circular Economy Value & Future Food Corporate ~25% ~1% Identity Value Generation Business Partner Thought Leader Circular
Slide 47: Making meaningful contribution along the way
MAKING MEANINGFUL CONTRIBUTION ALONG THE WAY Thematic Support: Future of Food & Circular Economy TOMRA’s mission is to create sensor-based solutions for optimal resource productivity, making sustainability profitable – with increased relevance and meaning The TOMRA Operations TOMRA’s Corporate Respo
Slide 48: Important risk factors to assess
IMPORTANT RISK FACTORS TO ASSESS PRIORITIZATION BETWEEN PEOPLE/STAFFING COLLABORATION/ BUSINESS OPPORTUNITIES PARTNER NETWORK GEOPOLITICAL COMMODITY RISK PRICE FLUCTUATIONS 48
Slide 49: Cannot be copied
cannot be copied
Slide 50: TOMRA's role in an increasingly urbanized connected world
TOMRA’S ROLE IN AN INCREASINGLY URBANIZED CONNECTED WORLD Smart Cities CIRCULAR ECONOMY FUTURE OF FOOD PRODUCTION Retail eCommerce Global Challenges Solutions Excess waste Increased need for Collection and recycling Recycling solutions to secure Marine littering solutions for smart cities generation
Slide 51: Collection Solutions Positioned for Growth
COLLECTION SOLUTIONS POSITIONED FOR GROWTH 51
Slide 52: Undisputed market leader within reverse vending technology
UNDISPUTED MARKET LEADER WITHIN REVERSE VENDING TECHNOLOGY >80,000 …but the competitive landscape is only one part of the picture 10,000- 80,000 # of installed RVMs 5,000- 10,000 500- 5,000 …because every container deposit scheme is different, requiring us to take on different roles <500 Annual reve
Slide 53: Moving from RVM supplier to global frontrunner
MOVING FROM A RVM SUPPLIER TO GLOBAL FRONTRUNNER AND THOUGHT LEADER WITHIN CIRCULAR ECONOMY TOMRA 2018 TOMRA 2030 RVM supplier Business partner and service supporting customers’ supplier core processes Technology Market driven innovator and thought leader leader Niche Circular economy leader shaper
Slide 54: Utilize competitive advantages to generate greater customer value
UTILIZE OUR COMPETITIVE ADVANTAGES TO GENERATE GREATER CUSTOMER VALUE KEY STRENGHTS PRODUCT AND PRODUCTION EFFICIENT NEW FINANCIAL STRENGTH TO HUMAN RESOURCES SERVICE CAPACITY AND MARKET ENTRY SUPPORT THROUGHPUT TO SUPPORT THE LEADERSHIP SUPPLY CHAIN BUSINESS MODELS GROWTH PLAYING FIELD BASE MARKETS
Slide 55: The smarter TOMRA system
The smarter TOMRA system.
Slide 56: Flexibility and scalability to enable new business models
FLEXIBILITY AND SCALABILITY TO ENABLE NEW BUSINESS MODELS AND NEW MARKET ENTRY Redemption centers, small depots etc. Large depots, counting centers PRICE Discounters/Supermarkets Small stores 0.1 -0.3 M UBC/year 0.3 -1 M UBC/year 1-3 M UBC/year 3-5 M UBC/year 5 -15 M UBC/year 15 -50 M UBC/year CONTA
Slide 57: A complete digital portfolio designed to win
A COMPLETE DIGITAL PORTFOLIO DESIGNED TO WIN 1. Win in new markets 2. Drive solutions for volume and throughput growth initiatives 3. Support growth and increase TOMRA’s relevance in base markets 4. Industry leading fleet service & operations Consumer Applications Data Service and Services and SaaS
Slide 58: Engage consumers to drive volume in throughput markets
Engage consumers to drive volume in throughput markets Deliver a convenient and engaging recycling experience for consumers that increase the participation and drive volume through our installations. Partner with Facilitate and relevant players educate Modernize and enhance the consumer journey Shar
Slide 59: A dynamic organization catered for growth
A DYNAMIC ORGANIZATION CATERED FOR GROWTH Machine centric Holistic business partner SALES & MARKETING FROM TO Machine centric Holistic business partner PRODUCT DEVELOPMENT AND DESIGN FROM TO Dedicated and SUPPLY CHAIN FROM Decentralized TO centralized HQ GEOGRAPHICAL PRESENCE HQ FROM TO New Regions
Slide 60: Leverage existing capabilities for success into new markets
LEVERAGE EXISTING CAPABILITIES FOR SUCCESS INTO NEW MARKETS 1 2 3 4 5 Mapping of local Deposit system Design TOMRA Roll out TOMRA Long term parameters being designed solution solution operation New South Wales Queensland Scotland England Western Australia Utilize existing resources and knowledge bas
Slide 61: The New South Wales story in numbers
THE NEW SOUTH WALES STORY IN NUMBERS 700.000.000+ 100.000.000 1150+ beverage containers returned since beverage containers returned within RVMs rolled out by TOMRA since 01.12.2017 the first 80 days since 01.12.2017 01.12.2017 145.000+ 6,9M+ AUD 37% myTOMRA users registered in NSW transferred to Pay
Slide 62: Winning in Sorting
a Ta aA, WINNING IN SORTING > > ~ @ “eS
Slide 63: Sorting market growth expectations
SORTING MARKET GROWTH EXPECTATIONS MARKET DEFINITION RECYLING MARKET DEFINITION FOOD Sensor-based sorting equipment Sensor-based sorting and grading equipment • Excluding cullet glass sorting • Including color sorting • Excluding peripheral equipment and turn-key • Excluding peripheral equipment and
Slide 64: The benefits of being TOMRA Sorting
THE BENEFITS OF BEING TOMRA SORTING 2017 Fresh Processed Our position: A solid platform for further growth Revenues ~MEUR 400m TOMRA Sorting Playing field < MEUR BÜHLER Only player in Channel, Indicated company size (revenues) 100m Chute, Belt and Lane MEIYA TAIHO < MEUR UNITEC 50m KEY MAF People ST
Slide 65: Rationale for historic investments: unique positioning in food
RATIONALE FOR HISTORIC INVESTMENTS IN THE PERIOD: BUILDING A UNIQUE POSITIONING IN THE FOOD UNIVERSE Building a strong platform as the leading player in food… …while adding attractive topline growth for TOMRA 65
Slide 66: How to win: best solution and customer experience
HOW TO WIN: OFFER THE BEST SOLUTION AND CUSTOMER EXPERIENCE Continue launching new state of the art solutions It takes more than a machine to make the operation perform at its best 66
Slide 67: New sensor technologies will unlock new opportunities
NEW SENSOR TECHNOLOGIES WILL UNLOCK NEW OPPORTUNITIES… From measuring visual appearance... … to measuring Internal defects Taste Shelf life / Freshness Food hazards 67
Slide 68: Artificial intelligence paves the way for intelligent sorting
… AND ARTIFICIAL INTELLIGENCE WILL PAVE THE WAY FOR EVEN MORE INTELLIGENT SORTING EQUIPMENT Visual Spectrum Classification of various waste objects 68
Slide 69: Entering new markets through mid-market strategy
ENTERING NEW MARKETS THROUGH MID-MARKET STRATEGY Creating competitive offering to fast growing mid-market High End Market 1 TOMRA firm positioning Mid Market 2 Enter with new Food channel sorter products Low End Market 3 Not to play Recycling Flake Sorter 69
Slide 70: Digitalization is differentiation through knowledge
DIGITALIZATION IS DIFFERENTIATION THROUGH KNOWLEDGE NOW 70
Slide 71: Shaping the market
SHAPING THE MARKET From Box Pusher to Business Partner Shaping the business universe through dialogue Positioning TOMRA as a thought leader
Slide 72: Recycling: industrializing the process for recycled plastic
RECYCLING: INDUSTRIALIZING THE PROCESS FOR RECYCLED PLASTIC Reverse vending Sorting Sorting Washing Extrusion GOALS NDA NDA • Create a demand for the plastic through a process WASTE SORTING PLANTS • Output to be of high WASTE INCINERATION quality in order to LANDFILL Collection Reprocessing Virgin p
Slide 73: Focus areas to deliver on the strategic plan
FOCUS AREAS TO DELIVER ON THE STRATEGIC PLAN Where to focus: INVESTING IN OUR FUTURE OUR CUSTOMERS OUR PEOPLE CONTINUED FOCUS ON R&D DEVELOP DIGITAL SOLUTION OPERATIONAL EFFICIENCY 73
Slide 74: Group Financial Targets and Outlook
GROUP FINANCIAL TARGETS AND OUTLOOK 74
Slide 75: Group financials development - solid track record
GROUP FINANCIALS DEVELOPMENT – SOLID TRACK RECORD Revenues EBITA and margin 8000 1200 20% 7000 1000 6000 15% 800 5000 MNOK MNOK 4000 600 10% 3000 400 2000 5% 200 1000 0 0 0% 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Gross contribution and margin Return on capital employed (ROCE) 3500 50% 60%
Slide 76: Delivery on the 2013-2018 financial targets
DELIVERY ON THE 2013-2018 FINANCIAL TARGETS Ambitions Target Actual Revenue growth for the period 4-8% 10.1% EBITA-margin 18-23% 18.2% Revenue growth for the period 10-15% 18.9% EBITA-margin 18-23% 12.0% 76
Slide 77: Maintaining a solid balance sheet with steady cash generation
MAINTAINING A SOLID BALANCE SHEET WITH STEADY CASH GENERATION Breakdown of the cash flow statement Solidity and leverage 1,200 70% 3.0 Equity ratio NIBD/EBITDA Cash flow 60% 2.5 from 700 50% operations 2.0 Replacement 40% MNOK 200 capex 1.5 30% Divestures/ 1.0 20% -300 (Acquisitions) 10% 0.5 Free ca
Slide 78: A comment on the capital expenditure needs
A COMMENT ON THE CAPITAL EXPENDITURE NEEDS Illustrative revenue profiles for the two main type of container deposit schemes Profit Uncertainties around timing and design of each new container deposit scheme can have significant impact on the revenue profile for Collection Solutions. Time Sales-to-Se
Slide 79: Headroom for significant gearing opportunities
HEADROOM FOR SIGNIFICANT GEARING OPPORTUNITIES Simplified assessment of TOMRA’s gearing potential using S&P’s credit rating methodology Highly TOMRA’s current Financial risk profile Minimal Modest Intermediate Significant Aggressive leveraged TOMRA* financial risk is -- Core ratios -- *Rolling 12-mo
Slide 80: Group financial targets 2018-2023 - ambitions affirmed
GROUP FINANCIAL TARGETS 2018-2023 – OUR AMBITIONS AFFIRMED Dividend Revenue payout growth EBITA- Capital margin Structure ROCE new 40-60% projects >10% Maintain investment >18% grade >20% 80
Slide 81: Concluding Remarks and Q&A
CONCLUDING REMARKS AND Q&A 81
Slide 82: The circular economy and the TOMRA closed loop
THE CIRCULAR ECONOMY AND THE TOMRA CLOSED LOOP Drive demand for recycling Accelerated waste Smart Cities generation Retail Accelerated economic growth eCommerce Convenient short distribution Grading COLLECTION MATERIAL Glass Beverage and POINTS RECOVERY FACILITY Packaging industry PET upgrading Alum
Slide 83: TOMRA to play a difference in the future of food production
TOMRA TO PLAY A DIFFERENCE IN THE FUTURE OF FOOD PRODUCTION Secure Retail supply eCommerce AT SOURCE PACKING REPACK GRADE STORE DATA GENERATED THROUGH THE VALUE CHAIN SERVE MULTIPLE PURPOSES Determine taste, Ripeness Traceability Improved Farming Reduce food waste & Defects Uniform Quality Increase
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Slide 85: Copyright and Disclaimer
Copyright The material in this Document (which may be a presentation, video, brochure or other material), hereafter called Document , including copy, photographs, drawings and other images, remains the property of TOMRA Systems ASA or third party contributors where appropriate. No part of this Docum