Slide 1: 1st quarter 2021 results announcement
st 1 quarter 2021 results announcement TOMRA Systems ASA 23 April 2021 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Key financial highlights
Key financial highlights Revenues • Revenues of 2,291 MNOK (2,302 MNOK in first quarter 2020) Adjusted for currency, revenues were: - Up 3% for TOMRA Group - Up 21% in TOMRA Collection Solutions - Down 33% in TOMRA Recycling Mining - Flat in TOMRA Food Gross margin • Gross margin 42.5% (slightly up
Slide 4: Business update for TOMRA Collection Solutions
Business update for TOMRA Collection Solutions Solid growth driven by European markets Update on new deposit markets1) 1 FEB 2022 The Netherlands – July 2021 and December 2022 (expansion) The DRS Latvia DRS introduction in ‒ In April 2020, the DRS was extended to include deposit on small goes live L
Slide 5: Business update for TOMRA Recycling Mining
Business update for TOMRA Recycling Mining All time high order backlog1) at the end of first quarter High commodity prices support the recycling market Illustration2) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 1.500 €/ton PET rPET 1.000 - Good mom
Slide 6: Business update for TOMRA Food
Business update for TOMRA Food Positive momentum in both fresh and processed food Order intake growth1) of 24% quarter over quarter Processed Food Nuts & dried fruit sorting - Second largest category in processed food - Improved investment sentiment - Successful launch of the new - Strong order inta
Slide 7: Circular Economy – TOMRA is the go-to partner
Circular Economy – TOMRA is the go-to partner Joint forces New food grade material Bridge the quality gap Recycled polystyrene (rPS) “One major challenge Styrenics Circular Solutions, towards more circular packaging which TOMRA is part of has is the availability of high-quality filed the first appli
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 1Q21 vs 1Q20 10% change in NOK towards other 130 currencies will impact: 125 120 Revenues Expenses EBITA 115 EUR* 4.5% 4.0% 7.0% 110 -2.0%* USD 3.5% 2.5% 8.0% 105 100 OTHER** 2.0% 3.0% -4.0% -10.3%* 95 ALL 10.0% 9.5% 11.0% 90 1Q20 2Q20 3
Slide 10: Financial highlights | P&L statement
Financial highlights | P&L statement 1st Quarter Amounts in NOK million 2021 2020 2020 Adj* Revenues 2,291 2,302 2,214 Collection Solutions 1,364 1,168 1,131 Recycling Mining 318 485 473 Food 609 649 610 Gross contribution 973 973 933 in % 42% 42% 42% Operating expenses 733 745 731 EBITA 240 228 202
Slide 11: TOMRA Collection Solutions financials
TOMRA Collection Solutions financials 1st Quarter Amounts in NOK million 2021 2020 2020 Adj* Revenues 1,364 1,168 1,131 Northern Europe 203 192 Europe (ex Northern) 626 423 North America 358 386 Rest of the world 177 167 Gross contribution 573 462 451 in % 42% 40% 40% Operating expenses 317 311 305
Slide 12: TOMRA Recycling Mining financials
TOMRA Recycling Mining financials 1st Quarter Order Intake 700 Amounts in NOK million 2021 2020 2020 Adj* 600 500 Revenues 318 485 473 400 300 Europe 200 278 200 100 America 65 84 0 1Q19 1Q20 1Q21 Asia 30 75 Rest of the world 23 48 Order Backlog Gross contribution 159 249 246 800 700 in % 50% 51% 52
Slide 13: TOMRA Food financials
TOMRA Food financials 1st Quarter Order Intake 1 200 Amounts in NOK million 2021 2020 2020 Adj* 1 000 800 Revenues 609 649 610 600 400 Europe 188 195 200 America 260 274 0 1Q19 1Q20 1Q21 Asia 48 77 Rest of the world 113 103 Order Backlog 1 400 Gross contribution 241 262 236 1 200 1 000 in % 40% 40%
Slide 14: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 31 March 31 Dec 2021 2020 2020 Amounts in NOK million ASSETS 10,806 12,250 10,977 Intangible non-current assets 3,737 4,226 3,846 Tangible non-current assets 2,263 2,638 2,371 Financial non-current assets 362 463 353 Inventory 1,571 1,943 1,492 Rece
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 2.8 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. 1 199 MNOK
Slide 16: Outlook
Outlook • Overall good momentum in TOMRA Collection Solutions Collection Solutions • Expansion in Netherlands expected to have a positive impact • Positive momentum assumed to continue Recycling/Mining • In the short term, the COVID-19 situation could still have some negative effects • Good momentum
Slide 17: Q&A
Q&A 17
Slide 18: 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