Tomra Systems Asa · OSL:TOM
Tomra Systems Asa — Q2 2021 Earnings Presentation
19 slides from Tomra Systems Asa's earnings presentation, Jul 16, 2021
Slide 1: 2nd quarter 2021 results announcement
nd 2 quarter 2021 results announcement TOMRA Systems ASA 16 July 2021 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Key financial highlights
Key financial highlights Revenues • Revenues of 2,685 MNOK (2,319 MNOK in second quarter 2020) Adjusted for currency, revenues were: - Up 27% for TOMRA Group - Up 43% in TOMRA Collection Solutions - Up 33% in TOMRA Recycling Mining - Up 6% in TOMRA Food Gross margin • Gross margin 45% ( up from 43%
Slide 4: Business update for TOMRA Collection Solutions
Business update for TOMRA Collection Solutions Successful roll-out of small bottle expansion of the Dutch DRS Update on new deposit markets1) TOMRA 1Q 2001 quarterly report: Slovakia – January 2022 “The Dutch Minister of Environment announced on January 31 that he had given the Dutch beverage indust
Slide 5: Business update for TOMRA Recycling Mining
Business update for TOMRA Recycling Mining All time high order backlog, 27% above last year Continued high commodity prices boost recycling Illustration1) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 1.500 €/ton PET rPET 1.000 - All time high order
Slide 6: Business update for TOMRA Food
Business update for TOMRA Food Continued growth in both fresh and processed food Potatoes order intake growth1) of 38% quarter over quarter Processed Food Potatoes sorting Potatoes peeling - Positive momentum in the food service sector - Order intake in the top categories of potatoes and nuts/dried
Slide 7: Circular Economy – high quality food grade recycled polystyrene (rPS) is now available
Circular Economy – high quality food grade recycled polystyrene (rPS) is now available High quality recycled polystyrene (rPS), including for food grade applications, is available commercially for the first time. INEOS Styrolution, member of Styrenics Circular Solutions (SCS) and global leader in st
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 2Q21 vs 2Q20 10% change in NOK towards other 105 currencies will impact: 100 Revenues Expenses EBITA 95 EUR* 4.5% 4.0% 7.0% -8.3%* 90 USD 3.5% 2.5% 8.0% 85 OTHER2 2.0% 3.0% -4.0% -16.3%* 80 ALL 10.0% 9.5% 11.0% 2Q20 3Q20 4Q20 1Q21 2Q21 7
Slide 10: Financial highlights | P&L statement
Financial highlights | P&L statement 2nd Quarter 1st Half Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 2,685 2,319 2,109 4,976 4,621 4,323 Collection Solutions 1,379 1,055 961 2,743 2,223 2,092 Recycling Mining 439 910 330 757 1,559 803 Food 867 354 818 1,476 839 1,42
Slide 11: TOMRA Collection Solutions financials
TOMRA Collection Solutions financials 2nd Quarter 1st Half Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 1,379 1,055 961 2,743 2,223 2,092 Northern Europe 215 187 418 379 Europe (ex Northern) 596 411 1,222 834 North America 412 312 770 698 Rest of the world 156 145 333
Slide 12: TOMRA Recycling Mining financials
TOMRA Recycling Mining financials 2nd Quarter 1st Half Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 439 354 330 757 839 803 Europe 264 231 464 509 America 40 17 105 101 Asia 99 63 129 138 Rest of the world 36 43 59 91 Gross contribution 234 193 183 393 442 429 in % 53
Slide 13: TOMRA Food financials
TOMRA Food financials 2nd Quarter 1st Half Year Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 867 910 818 1,476 1,559 1,428 Europe 254 267 442 462 America 465 435 725 709 Asia 63 64 111 141 Rest of the world 85 144 198 247 Gross contribution 374 394 342 615 656 578 in % 43%
Slide 14: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 30 June 31 Dec 2021 2020 2020 Amounts in NOK million ASSETS 11,281 12,036 10,977 Intangible non-current assets 3,810 4,087 3,846 Tangible non-current assets 2,226 2,436 2,371 Financial non-current assets 393 433 353 Inventory 1,673 1,941 1,492 Recei
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 2.5 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. 876 MNOK ex
Slide 16: Outlook
Outlook • High activity related to preparation for new markets Collection Solutions • Quarterly performance will be dependent upon timing of new initiatives • Positive momentum assumed to continue Recycling/Mining • In the short term, the COVID-19 situation could still have some negative effects • G
Slide 17: A decade of growth and value expansion
A decade of growth and value expansion 2018 TOMRA compliments its food 2016 sorting portfolio with the TOMRA expands into lane acquisition of BBC Technologies, sorting, acquiring New Zealand a leading provider of precision 2012 grading systems for 2011 TOMRA acquires BEST, leading food sorting machi
Slide 18: Q&A
Q&A 18
Slide 19: 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