Slide 1: 2nd Quarter 2016 Results Announcement
ND 2 QUARTER 2016 RESULTS ANNOUNCEMENT TOMRA SYSTEMS ASA 2nd Quarter Results 19.07.2016
Slide 2: Highlights from the Quarter
HIGHLIGHTS FROM THE QUARTER • Revenues of 1,769 MNOK (1,472 MNOK in second quarter 2015) Currency adjusted revenues were: Revenues - Up 12% for TOMRA Group - Up 18% in TOMRA Collection Solutions - Up 2% in TOMRA Sorting Solutions • Gross margin 43%, up from 42% in second quarter 2015 (currency adjus
Slide 3: Currency
CURRENCY +8.9%* +6.5%* Positive impact of stronger USD and EUR +1.2%* 2Q15 3Q15 4Q15 4Q16 2Q16 * Average rate 2Q16 vs average rate 2Q15 Revenues and expenses per currency; NOTE: Rounded figures EUR** USD NOK SEK OTHER TOTAL Revenues 45 % 30 % 5% 10 % 10 % 100 % Expenses 45 % 25 % 10 % 10 % 10 % 100
Slide 4: Financial Highlights: P&L Statement
FINANCIAL HIGHLIGHTS P&L STATEMENT 2nd Quarter 1st Half Amounts in NOK million 2016 2015 15 Adj* 2016 2015 15 Adj* Revenues 1,769 1,472 1,586 3,129 2,579 2,796 • Collection Solutions 1,089 855 919 1,958 1,554 1,682 • Sorting Solutions 680 617 667 1,171 1,025 1,114 Gross contribution 758 622 672 1,33
Slide 5: Financial Highlights: Balance Sheet, Cash Flow and Capital Structure
FINANCIAL HIGHLIGHTS BALANCE SHEET, CASH FLOW AND CAPITAL STRUCTURE 30 June 30 June 31 Dec Amounts in NOK million 2016 2015 2015 ASSETS 7,355 6,782 7,317 • Intangible non-current assets 2,810 2,610 2,891 • Tangible non-current assets 793 687 837 • Financial non-current assets 318 297 316 • Inventory
Slide 6: TOMRA Collection Solutions
TOMRA COLLECTION SOLUTIONS 6
Slide 7: Highlights Collection Solutions
HIGHLIGHTS COLLECTION SOLUTIONS • Revenues of 1,089 MNOK, up from 855 MNOK in second quarter 2015 - Revenues up 18% in local currencies • Gross margin was 42% in the period - Up from 41% last year, due to product mix Overall • Operating expenses of 218 MNOK - Up 11% currency adjusted • EBITA increas
Slide 8: Collection Solutions Financials
COLLECTION SOLUTIONS FINANCIALS 2nd Quarter 1st Half Amounts in NOK million 2016 2015 15 Adj* 2016 2015 15 Adj* Revenues 1,089 855 919 1,958 1,554 1,682 • Nordic 186 128 344 246 • Europe (ex Nordic) 488 358 862 630 • North America 390 356 712 655 • Rest of the world 25 13 40 23 Gross contribution 45
Slide 9: TOMRA Machines Installed in the German Market
TOMRA MACHINES INSTALLED IN THE GERMAN MARKET GERMANY REPLACEMENT UPDATE 1st half 2016 PER YEAR 2700 – 3700 MACHINES 9
Slide 10: TOMRA Sorting Solutions
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Slide 11: Highlights Sorting Solutions
HIGHLIGHTS SORTING SOLUTIONS • Revenues equaled 680 MNOK in second quarter 2016, up from 617 MNOK in second quarter 2015 Revenues — Revenues up 2% in local currencies • Gross margin stable at 45% Gross margin EBITA • EBITA of 92 MNOK (84 MNOK in second quarter 2015) • Order intake of 667 MNOK, compa
Slide 12: Business Stream Update
BUSINESS STREAM UPDATE FOOD • Overall good momentum • Revenues in 2Q16 up from 2Q15 • Order intake up quarter over quarter RECYCLING • Continuing low commodity prices have a somewhat negative effect on performance • Revenues in 2Q16 down from 2Q15, • Order intake down quarter over quarter MINING • D
Slide 13: Sorting Solutions Financials
SORTING SOLUTIONS FINANCIALS 2nd Quarter 1st Half Amounts in NOK million 2016 2015 15 Adj* 2016 2015 15 Adj* Revenues 680 617 667 1,171 1,025 1,114 • Europe 303 280 508 488 • North America 247 219 404 330 • South America 13 9 17 22 • Asia 67 81 157 140 • Oceania 34 17 55 28 • Africa 16 11 30 17 Gros
Slide 14: Backlog Development and Momentum
BACKLOG DEVELOPMENT AND MOMENTUM • Order intake of 667 MNOK in the quarter (compared to 646 MNOK same quarter last year) • Revenues were 680 MNOK (up from 617 MNOK in 2Q15) • With both all time high order intake and revenues (measured in NOK), the quarter ended with a healthy order backlog of NOK 81
Slide 15: Outlook and Shareholder Structure
OUTLOOK AND SHAREHOLDER STRUCTURE 15
Slide 16: Outlook
OUTLOOK • The replacement demand in Germany is assumed Collection to continue into 2017, but the replacement in Solutions Sweden is expected to come to an end during second half of 2016 • Currently good momentum in Food, but low Sorting commodity prices are negatively influencing Solutions Recycling
Slide 17: Q&A
Q&A 17
Slide 18: TOMRA Shareholder Structure
TOMRA SHAREHOLDER STRUCTURE Top 10 shareholders as of 30th of June 2016 Shareholders by country 1 Investment AB Latour 38 130 000 25.8% 2 Skandinaviska Enskilda A/C Clients account 9 744 496 10.8% 3% 8% 3 Folketrygdfondet 9 640 190 3.7% (NOM) 5% 35% 4 The Bank of New York BNYM, Stichting Dep 3 946 0
Slide 19: Disclaimer
19 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