Slide 1: 1st Quarter 2018 Results Announcement
ST 1 QUARTER 2018 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 1st Quarter Results 25.04.2018
Slide 2: Highlights from the Quarter
HIGHLIGHTS FROM THE QUARTER • Revenues of 1,754 MNOK (1,564 MNOK in first quarter 2017) – Up 12% Adjusted for currency and acquisitions, revenues were: Revenues - Up 10% for TOMRA Group - Up 5% in TOMRA Collection Solutions - Up 17% in TOMRA Sorting Solutions • Gross margin 41%, up from 40% in first
Slide 3: Currency
CURRENCY +7.2%* TCS: Positive impact from stronger EUR, partly offset by a weaker USD. TSS: -7.1%* Negatively impacted by weak USD vs EUR and NZD. 1Q17 2Q17 3Q17 4Q17 1Q18 *Average rate 1Q18 vs 1Q17 Revenues and expenses per currency; NOTE: Rounded figures EUR* USD NOK NZD OTHER TOTAL Revenues 45 %
Slide 4: Financial Highlights: P&L Statement
FINANCIAL HIGHLIGHTS P&L STATEMENT 1st Quarter Amounts in NOK million 2018 2017 17 Adj* Revenues 1,754 1,564 1,570 • Collection Solutions 934 877 889 • Sorting Solutions 820 687 681 Gross contribution 722 633 626 in % 41% 40% 40% Operating expenses 580 475 488 EBITA 142 158 138 in % 8% 10% 9% *2017
Slide 5: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure
FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 31 March 31 March 31 Dec Amounts in NOK million 2018 2017 2017 ASSETS 8,808 7,927 8,437 • Intangible non-current assets 3,673 3,177 3,412 • Tangible non-current assets 996 856 998 • Financial non-current assets 350 349 349 • Invento
Slide 6: TOMRA Collection Solutions
TOMRA COLLECTION SOLUTIONS 6
Slide 7: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS • Revenues of 934 MNOK, up from 877 MNOK in first quarter 2017 - Revenues up 5% in local currencies, driven by New South Wales’ volumes • Gross margin was 40% in the period - Unchanged from first quarter 2017 Overall • Operating expenses of 253 MNOK, up from 207 MNOK
Slide 8: Volume and Site Development in NSW
VOLUME AND SITE DEVELOPMENT IN NSW Illustrative Volume to gradually follow as the number of Automated Sites increases in the total infrastructure # of Collection Sites Collected Volume Automated Sites >500 Actual Collected Volume 280 Illustrative volume development 60 The volume graph does not accou
Slide 9: UK Government Announces a Deposit Return Scheme in Fight Against Plastic Pollution
UK GOVERNMENT ANNOUNCES A DEPOSIT RETURN SCHEME IN FIGHT AGAINST PLASTIC POLLUTION • 28 March 2018, the UK government announced plans for a deposit return system • The goal of the scheme is to drastically reduce plastic pollution and is a part of the government’s 25 year environmental plan • UK cons
Slide 10: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 1st Quarter Amounts in NOK million 2018 2017 17 Adj* Revenues 934 877 889 • Northern Europe 148 139 • Europe (ex Nordic) 409 383 • US East/Canada 322 342 • Rest of the world 55 13 Gross contribution 374 351 359 in % 40% 40% 40% Operating expenses 253 207 212 EBITA 121
Slide 11: TOMRA Sorting Solutions
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Slide 12: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 820 MNOK in first quarter 2018, up from 687 MNOK in first quarter 2017 Revenues • Adjusted for currency and acquisitions, revenues were up 17% • Includes BBC revenue of 12 MNOK in March 2018 • Gross margin at 42%, up from 41% same period last year Gros
Slide 13: Acquisition of BBC Technologies
ACQUISITION OF BBC TECHNOLOGIES The natural add-on to Compac Deal details: • TOMRA acquired BBC Technologies 26th February 2018 • Purchase price of 363 MNOK / 64 MNZD, free of cash and interest-bearing debt. • BBC Technologies is headquartered in Hamilton, New Zealand and is a leading provider of pr
Slide 14: Business Stream Update
BUSINESS STREAM UPDATE FOOD • Revenues in 1Q18 up from 1Q17 • Strong order intake, up quarter over quarter, leading to an all time high order backlog at the end of 1Q18 • BBC consolidated from 1 March 2018, ending the quarter with a backlog of 86 MNOK RECYCLING • Revenues in 1Q18 significantly up fr
Slide 15: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 1st Quarter Amounts in NOK million 2018 2017 17 Adj* Revenues 820 687 681 • Europe 256 207 • North America 282 252 • South America 29 25 • Asia 115 108 • Oceania 86 57 • Africa 52 38 Gross contribution 348 282 267 in % 42% 41% 39% Operating expenses 307 252 259 EBITA 41
Slide 16: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM ORDER INTAKE ORDER BACKLOG REVENUES • Tomra Sorting Solutions (TSS): • Delivered all time high order intake of 1,188 MNOK in the quarter, compared to 826 MNOK same quarter last year • Revenues came in at 820 MNOK (up from 687 MNOK in 1Q17) • With an all time high ord
Slide 17: Outlook
WEE SSE " OUTLOOK
Slide 18: Outlook
OUTLOOK • The replacement demand in Germany is assumed Collection to continue in 2018 Solutions • Ramp-up in New South Wales will carry on throughout second quarter 2018 • Currently good momentum in all business Sorting streams Solutions • Reporting in NOK and with some NOK cost base, TOMRA will in
Slide 19: Q&A
Q&A 19
Slide 20: Disclaimer
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