Slide 1: 3rd quarter 2021 results announcement
rd 3 quarter 2021 results announcement TOMRA Systems ASA 22 October 2021 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Key financial highlights
Key financial highlights Revenues • Revenues of 2,883 MNOK (2,578 MNOK in third quarter 2020) Adjusted for currency, revenues were: - Up 15% for TOMRA Group - Up 21% in TOMRA Collection - Up 21% in TOMRA Recycling Mining - Up 3% in TOMRA Food Gross margin • Gross margin 44% (down from 46% in third q
Slide 4: Business update for TOMRA Collection
Business update for TOMRA Collection High activity level in the markets Update on new deposit markets (according to official government statements) Tesco has selected TOMRA as the First installations in Latvia, preparations Slovakia – January 2022 supplier of RVMs in Slovakia on track for go-live in
Slide 5: Business update for TOMRA Recycling Mining
Business update for TOMRA Recycling Mining Good order intake development and solid backlog High rPET and metal prices at the end of September Illustration1) of price development of virgin PET and recycled PET (rPET) Waste sorting and plastics recycling 2.000 €/ton PET - Positive momentum in waste so
Slide 6: Business update for TOMRA Food
Business update for TOMRA Food Continued good momentum in both segments Cherries: growth category in 2021 Processed Food - High quality expectations - Market confidence in the return of food from consumers service drives investment - Potatoes have contributed positively - High standards of equipment
Slide 7: Financials and outlook
FINANCIALS AND OUTLOOK 7
Slide 8: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 3Q21 vs 3Q20 10% change in NOK towards other 105 currencies will impact: 103 101 Revenues Expenses EBITA 99 97 EUR* 4.5% 4.0% 7.0% -3.2%* 95 USD 3.5% 2.5% 8.0% 93 -4.1%* OTHER2 2.0% 3.0% -4.0% 91 89 ALL 10.0% 9.5% 11.0% 87 3Q20 4Q20 1Q21
Slide 9: Financial highlights | P&L statement
Financial highlights | P&L statement 3rd Quarter Year-to-date 9 months Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 2,883 2,578 2,506 7,859 7,199 6,829 Collection 1,514 1,287 1,248 4,257 3,510 3,341 Recycling Mining 493 417 408 1,250 1,256 1,212 Food 876 874 849 2,352 2,43
Slide 10: TOMRA Collection financials
TOMRA Collection financials 3rd Quarter Year-to-date 9 months Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 1,514 1,287 1,249 4,257 3,510 3,341 Northern Europe 196 176 614 555 Europe (ex Northern) 712 481 1,934 1,315 North America 489 485 1,259 1,183 Rest of the world 117 1
Slide 11: TOMRA Recycling Mining financials
TOMRA Recycling Mining financials 3rd Quarter Year-to-date 9 months Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 493 417 409 1,250 1,256 1,212 Europe 301 285 765 794 America 92 34 197 135 Asia 58 72 187 210 Rest of the world 42 26 101 117 Gross contribution 265 231 228 658
Slide 12: TOMRA Food financials
TOMRA Food financials 3rd Quarter Year-to-date 9 months Amounts in NOK million 2021 2020 2020 Adj* 2021 2020 2020 Adj* Revenues 876 874 849 2,352 2,433 2,277 Europe 295 219 737 681 America 306 407 1,031 1,116 Asia 80 88 191 229 Rest of the world 195 160 393 407 Gross contribution 367 372 359 982 1,0
Slide 13: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 30 September 31 Dec 2021 2020 2020 Amounts in NOK million ASSETS 11,414 12,264 10,977 Intangible non-current assets 3,798 4,121 3,846 Tangible non-current assets 2,160 2,398 2,371 Financial non-current assets 390 420 353 Inventory 1,795 1,819 1,492
Slide 14: TOMRA has a solid financial position
TOMRA has a solid financial position Debt maturity profile Current funding sources • Weighted average debt maturity of 2.3 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. 1 376 MNOK
Slide 15: EU Taxonomy – preliminary assessment
EU Taxonomy – preliminary1) assessment (a) climate change mitigation (b) climate change adaptation Collection and transport of non-hazardous waste in source segregated fractions Climate (c) sustainable use and protection change of water and mitigation marine Material recovery from non-hazardous reso
Slide 16: Outlook
Outlook • High activity related to preparation for new markets Collection • Quarterly performance will be dependent upon timing of new initiatives • Positive momentum assumed to continue, still some short term Recycling Mining COVID-19 related challenges • High commodity prices is assumed to drive g
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