Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Q3 2020 Earnings Presentation
20 slides from Tomra Systems Asa's earnings presentation, Oct 22, 2020
Slide 1: 3rd quarter 2020 results announcement
rd 3 quarter 2020 results announcement TOMRA Systems ASA 22 October 2020 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Key financial highlights
Key financial highlights Revenues • Revenues of 2,578 MNOK (2,378 MNOK in third quarter 2019) Adjusted for currency, revenues were: - Up 3% for TOMRA Group - Down 1% in TOMRA Collection Solutions - Up 7% in TOMRA Sorting Solutions Gross margin • Gross margin 45.7% (up from 44.6% in third quarter 201
Slide 4: Business update for TOMRA Collection Solutions
Business update for TOMRA Collection Solutions Container volume development across geographies Update on new deposit markets2) New York New York lockdown resumes Western Australia – October 2020 redemption Revenue Share ‒ TOMRA launched in Western Australia on October 1st with five +1.0 Australia mo
Slide 5: Business update for TOMRA Food
Business update for TOMRA Food Good momentum in fresh food Double digit growth in fresh produce sales Processed Food Fresh produce gains double digit sales growth over the pandemic period (March to September) compared to last year. - Uncertainty impacts investments - Continues to be a slower segment
Slide 6: Business update for TOMRA Recycling & Mining
Business update for TOMRA Recycling & Mining Healthy segment in a volatile commodity market Continued demand for high quality recyclates Illustration1) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 1.500 €/ton PET rPET 1.000 - Continues to be a healt
Slide 7: Circular Economy – "Breaking the Plastic Wave"
Circular Economy – “Breaking the Plastic Wave” On July 23rd, the Pew Charitable Trusts, a think tank and non-profit, and SYSTEMIQ published Breaking the Plastic Wave: A Comprehensive Assessment of Pathways Towards Stopping Ocean Plastic Pollution – a global study on ocean plastics and an actionable
Slide 8: Financials and Outlook
FINANCIALS AND OUTLOOK 8
Slide 9: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 3Q20 vs 3Q19 10% change in NOK towards other currencies will impact: Revenues Expenses EBITA EUR* 4.5% 4.0% 7.0% +8.3%* USD 3.5% 2.5% 8.0% OTHER** 2.0% 3.0% -4.0% +3.0%* ALL 10.0% 9.5% 11.0% 3Q19 4Q19 1Q20 2Q20 3Q20 HEDGING POLICY Revenu
Slide 10: Financial highlights | P&L statement
Financial highlights | P&L statement 3rd Quarter YTD 9 months Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 2,578 2,378 2,508 7,199 6,777 7,349 Collection Solutions 1,287 1,238 1,302 3,510 3,368 3,637 Sorting Solutions 1,291 1,140 1,206 3,689 3,409 3,712 Gross contribution
Slide 11: Collection Solutions financials
Collection Solutions financials 3rd Quarter YTD 9 months Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 1,287 1,238 1,302 3,510 3,368 3,637 Northern Europe 176 153 555 458 Europe (ex Northern) 481 449 1,315 1,210 North America 485 502 1,183 1,290 Rest of the world 145 134 45
Slide 12: Sorting Solutions financials
Sorting Solutions financials 3rd Quarter YTD 9 months Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 1,291 1,140 1,206 3,689 3,409 3,712 Europe 504 459 1,475 1,344 America 441 398 1,251 1,185 Asia 160 118 439 411 Rest of the world 186 165 524 469 Gross contribution 603 528 5
Slide 13: Development in order intake and order backlog
Development in order intake and order backlog Order intake Order backlog +0% -15% Revenues • TOMRA Sorting Solutions: +7% - Revenues of 1,291 MNOK, up from 1,140 MNOK last year, up 7% currency adjusted - Order intake of 1,102 MNOK in the quarter, compared to 1,224 MNOK same quarter last year, down 1
Slide 14: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 30 September 31 Dec 2020 2019 2019 Amounts in NOK million ASSETS 12,264 11,284 10,868 Intangible non-current assets 4,121 3,800 3,788 Tangible non-current assets 2,398 2,409 2,330 Financial non-current assets 420 367 406 Inventory 1,819 1,663 1,596
Slide 15: TOMRA has a solid financial position
TOMRA has a solid financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 1.9 years • TOMRA has a satisfactory liquidity situation with available unused • All interest-bearing is swapped to EUR and is exposed to EUR/NOK credit lines of approx. 1 064 MNOK
Slide 16: Segment reporting: three reporting segments
SEGMENT REPORTING Three reporting segments TOMRA Food – three brands, one family To provide better transparency and reflecting that the Food segment TOMRA is the global market leader in food sorting with the broadest has become a significant part of the Group, TOMRA will expand from technology base
Slide 17: TOMRA Food Locations
TOMRA Food Locations 1400+ TOMRA FOOD TEAM 32 GLOBAL OFFICES 4 PRODUCTION FACILITIES PRESENCE 80 countries 17
Slide 18: Outlook
Outlook • Overall stable business in TOMRA Collection Collection Solutions • New potential outbreaks of COVID-19 could have negative impact • Expansion in Netherlands expected to have a positive impact • Regional differences dependent upon severity of COVID-19 outbreak Sorting Solutions - Food • The
Slide 19: Q&A
Q&A 19
Slide 20: 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 Docume