Slide 1: 2nd quarter 2020 results announcement
nd 2 quarter 2020 results announcement TOMRA Systems ASA 17 July 2020 © TOMRA
Slide 2: Highlights from the quarter
HIGHLIGHTS FROM THE QUARTER 2
Slide 3: Key financial highlights
Key financial highlights Revenues • Revenues of 2,319 MNOK (2,318 MNOK in second quarter 2019) Adjusted for currency, revenues were: - Down 11% for TOMRA Group - Down 13% in TOMRA Collection Solutions - Down 8% in TOMRA Sorting Solutions Gross margin • Gross margin 42.9% (down from 44.9% in second q
Slide 4: COVID-19 business update for TOMRA Collection Solutions
COVID-19 business update for TOMRA Collection Solutions Recovery from COVID-19 lockdown measures Container deposit legislation update2) New York Western Australia – October 2020 lockdown Revenue Share ‒ The launch date for Containers for Change has been set to +1.0 Australia October 1st, 2020, one m
Slide 5: COVID-19 business update for TOMRA Food
COVID-19 business update for TOMRA Food Doing business in extraordinary times Resilient global food supply chains Processed Food Potatoes USA, the marketing arm for 2,000 commercial potato growers, reported a 41% volume increase in fresh potato sales between the start of - Lower demand from HORECA M
Slide 6: COVID-19 business update for TOMRA Recycling & Mining
COVID-19 business update for TOMRA Recycling & Mining Different business streams posing different characteristics TOMRA’s first digital product launch Waste recycling and plastics upgrading AUTOSORT® - Good resilience - Strong underlying drivers - Low oil prices – unfavourable economics AUTOSORT® SP
Slide 7: Circular Economy – "It's time to step up, not step back"
Circular Economy – “It’s time to step up, not step back” Green Recovery EU stays committed to its Green Deal and will use COVID-19 funds to support the transition to a sustainable economy. April 14th – launch of informal alliance to increase green investment in EU, led Economics by the initiative of
Slide 8: Financials and outlook
FINANCIALS AND OUTLOOK 9
Slide 9: Currency risk and hedging policy
Currency risk and hedging policy Measured against NOK *Average 2Q20 vs 2Q19 10% change in NOK towards other currencies will impact: +15.9%* Revenues Expenses EBITA EUR* 4.5% 4.0% 7.0% +13.4%* USD 3.5% 2.5% 8.0% OTHER** 2.0% 3.0% -4.0% ALL 10.0% 9.5% 11.0% 2Q19 3Q19 4Q19 1Q20 2Q20 HEDGING POLICY Reve
Slide 10: Financial highlights | P&L statement
Financial highlights | P&L statement 2nd Quarter 1st half Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 2,319 2,318 2,597 4,621 4,399 4,841 Collection Solutions 1,055 1,088 1,219 2,223 2,130 2,335 Sorting Solutions 1,264 1,230 1,378 2,398 2,269 2,506 Gross contribution 995
Slide 11: Collection Solutions financials
Collection Solutions financials 2nd Quarter 1st half Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 1,055 1,088 1,219 2,223 2,130 2,335 Northern Europe 187 153 379 305 Europe (ex Northern) 411 370 834 761 North America 312 435 698 788 Rest of the world 145 130 312 276 Gross
Slide 12: Sorting Solutions financials
Sorting Solutions financials 2nd Quarter 1st half Amounts in NOK million 2020 2019 2019 Adj* 2020 2019 2019 Adj* Revenues 1,264 1,230 1,378 2,398 2,269 2,506 Europe 498 482 971 885 America 452 428 810 787 Asia 127 144 279 293 Rest of the world 187 176 338 304 Gross contribution 587 570 639 1,098 1,0
Slide 13: Development in order intake and order backlog
Development in order intake and order backlog Order intake Order backlog -2%* -5%* * Currency adjusted change Revenues • TOMRA Sorting Solutions: -8%* - Revenues of 1,264 MNOK, up from 1,230 MNOK last year, down 8% currency adjusted - Order intake of 1,095 MNOK in the quarter, compared to 1,111 MNOK
Slide 14: Financial highlights | Balance sheet and cash flow
Financial highlights | Balance sheet and cash flow 30 June 31 Dec 2020 2019 2019 Amounts in NOK million ASSETS 12,036 10,761 10,868 Intangible non-current assets 4,087 3,753 3,788 Tangible non-current assets 2,436 2,321 2,330 Financial non-current assets 433 330 406 Inventory 1,941 1,619 1,596 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 2.0 years • TOMRA has a satisfactory liquidity situation with available unused • All interest-bearing debt except for the overdraft is swapped to EUR credit lines of approx. 815 MNO
Slide 16: Outlook
Outlook • Overall stable business in TOMRA Collection Collection Solutions • New potential outbreaks of COVID-19 could have negative impact • Growth in ramp-up expenses slows down • Regional differences dependent upon severity of COVID-19 outbreak Sorting Solutions - Food • The fresh food segment as
Slide 17: Q&A
Q&A 18
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